Lee & Associates team of Cheney and Coppola Negotiate Long-Term Lease for SkySong 5 in Arizona

Andrew Cheney, CCIM, CRE, SIOR and Craig Coppola, CCIM, CRE, SIOR of Lee & Associates - Arizona, representing SkySong 5, has negotiated a 10-year lease with Berkadia for an entire floor of the six-story building that’s currently under construction. When completed, the building will be the tallest property in Scottsdale, AZ.

SkySong 5 welcomes commercial real estate tenant Berkadia

Photo Source: scottsdaleindependent.com

Construction on SkySong 5 is underway and so is leasing efforts as Berkadia signs on for an entire floor.

According to a press release, Berkadia — a joint venture of Berkshire Hathaway and Jefferies Financial Group — signed a 10-year lease on a 21,000-square-foot space in SkySong

5, to occupy the entire second floor of the project, located adjacent to the new building’s planned signature outdoor event patio.

Andrew Cheney and Craig Coppola of Lee & Associates represented SkySong in the transaction; Geoffrey Kreiss and Andrew Medley from Jones LaSalle Lang represented Berkadia, the release noted.

The six-story SkySong 5 will be the tallest on the property yet and will include many features that are new to the project. With the newest building, the total SkySong project will reach about 870,000 square feet of commercial building, the release detailed.

About Lee & Associates Commercial Real Estate Services
Lee & Associates  is a fully-integrated commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial, retail, multi-family, land, investment services, corporate solutions, and valuation and appraisal services. As the fastest-growing broker-owned firm in the nation, with 57 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit www.lee-associates.com/.