January 6, 2021
PennyMac, the fourth largest lender in the U.S., signed a 74,625-square-foot lease at 3201 E. Elwood St. in Phoenix. The full-building deal establishes the company’s first Phoenix office and marks one of the largest lease commitments in the Valley since the start of the COVID pandemic.
JLL’s Mark Gustin and Dave Seeger represented the building owner, Oklahoma City-based Arnold Realty LLC. The tenant is scheduled to move into its new space in December 2021.
Gustin says, “PennyMac was looking for a high-quality, well-amenitized building that would help it fill and retain high-level local sales positions at its first Phoenix office location. This building meets all of those requirements, with a contemporary work environment and easy access for employees living in the East, Central and West Valley submarkets.”
Amenities include Class A office space, a large on-site cafeteria, shared outdoor spaces and generous covered and surface parking. The building is located off 32nd Street and immediately faces Interstate 10. The site is near Sky Harbor International Airport, downtown Tempe and downtown Phoenix.
For comments, questions or concerns, please contact Dennis Kaiser