2025 N 3rd St

Cushman & Wakefield Negotiates Lease on Behalf of Tenant

PHOENIX, May 24, 2016 – Cushman & Wakefield announced today that Devereux Advanced Behavioral Health leased approximately 16,072 square feet (sf) at 2025 N. 3rd St. in Phoenix.

Senior Associate Curtis Chickerneo represented the tenant in the lease negotiations. The landlord, Murphy Ventures, was represented by Lindsey Carlson of Colliers International.

Devereux Advanced Behavioral Health merged with another local behavioral health group – Youth and Families First – which inspired the relocation. “As we explored Devereux’s programs and locations around the state, it became apparent that a strategic move could offer a cost-effective solution to consolidate to a more centralized location within the Phoenix metro area,” said Chickerneo.

The midtown submarket offered Devereux solutions for strengthening the corporate identity with a sizable footprint in the Central Corridor; saving commute times for employees with easy access to different parts of the Valley within close proximity to highways and public transportation; and cost effective savings of midtown’s competitive rental rates.

“Brookstone offered a unique opportunity for Devereux Advanced Behavioral Health to grow into the full 16,072 SF over a period of time to accommodate growth and reorganization of the company,” added Chickerneo.

About Devereux Advanced Behavioral Health Arizona

Devereux Advanced Behavioral Health changes lives and nurtures human potential. We inspire hope, ensure well-being and promote meaningful life choices. One of the oldest and largest not-for-profit behavioral health organizations in the country, Devereux Advanced Behavioral Health has been providing behavioral health programs and services for youth in need since 1912. Devereux Advanced Behavioral Health Arizona began offering services in 1967 in Scottsdale, Arizona and today offers services throughout Maricopa and Pima Counties. To make a tax deductible donation or to learn more about Devereux Advanced Behavioral Health Arizona and its Autism or other programs, call 480-998-2920 or visit www.DevereuxArizona.org.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier services, investment & asset management (branded DTZ Investors), project & development services, tenant representation and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.