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The Summit (totaling 290,824 square feet) is comprised of (1) three-story Class A office building, and (1) four-story Class A office building, each with a dedicated two-level parking structure for an abundant overall parking ratio of 5.0 / 1,000 rentable square feet. The Class A project is centrally located between three highly desirable sub-markets: Paradise Valley / Desert Ridge (to the north and east), Deer Valley (to the north and west), and Camelback Corridor (to the southeast). Less than one mile west of a full-diamond interchange on SR-51, the prominent site features frontage along North 16th Street just south of Northern Avenue, a major east-west arterial street. The well-located Class A project, which is characterized by large, flexible floor plates accommodates today’s open floor-plans for small, mid-size, and large tenants, and is currently 97% leased to strong tenants in diverse industries including engineering, healthcare, law, and broadcasting.
Regent acquired The Summit in September 2015, and is in the process of adding first class amenities (including an outdoor seating area/wifi lounge), an upgrade to the look and feel of the exterior and interior and modern upgrades throughout. Regent plans to finish the upgrades during the first half of 2016 and will be aggressively marketing any vacant space for lease.