Hot Corner Gets Even Hotter; Prestigous Law Firm Moving to Camelback Road

PHOENIX-The popular intersection of 24th Street and Camelback Road is getting another high-end resident.

The law firm of Greenberg Traurig is moving from its One Camelback high-rise, at Central Avenue and Camelback, to the new Hines building at the southwest corner of 24th Street and Camelback Road. The firm, an affiliate of a Florida firm, broke from O’Connor Cavanaugh last year.

Greenberg Traurig will take the seventh and eighth floors of the new Hines project.

The Camelback Corridor has increasingly become the most popular location for office tenants in the past few years, and the corner of 24th Street and Camelback Road is at ground zero of that bulging demand.

The southwest corner has the newly completed Hines project at the southeast corner of the Camelback Esplanade, where construction is under way on the fifth high-rise office tower and a high-rise condominium project. The first high-rise office to be built at the intersection is on the northwest corner, and the Biltmore Fashion Park, one of the most chic retail locations in the state, is on northeast corner.

The Phoenix office of Grubb & Ellis negotiated the transaction.