AZ Big Media renews lease at Phoenix office tower

Boxer Property said Arizona Business & Development, Inc., doing business as AZ Big Media, renewed 5,133 square feet at 3101 Central Plaza in Phoenix on a five-year term. The renewal keeps the media company in Midtown Phoenix and adds another committed tenant to the Class A office property.

Why it matters: - AZ Big Media's renewal keeps a long-time Phoenix business in Midtown for another five years. - The lease supports occupancy at 3101 Central Plaza, a major office property in Phoenix's Central Corridor. - The deal highlights continued demand for well-located office space with transit, dining and amenity access.

What happened: - Boxer Property said Arizona Business & Development, Inc., doing business as AZ Big Media, renewed its lease for 5,133 square feet at 3101 Central Plaza. - The renewal covers five years. - The property is at 3101 N Central Avenue in Phoenix. - The lease was negotiated by David Barry, Boxer Regional Leasing Manager, and Robert Wilder, Boxer Property Leasing Agent. - Mike Atkinson, president of Arizona Business & Development, said the company has had a positive leasing experience with Boxer Property and values the support and responsiveness of the team.

The details: - 3101 Central Plaza is a 16-story office tower with 248,863 square feet of office space. - The property also includes a two-story, 17,300-square-foot Garden Building. - Outdoor features include a park-like area with seating and a courtyard. - Tenant amenities include on-site security, on-site maintenance and management, FedEx and UPS drop boxes, and a dedicated tenant conference center. - The property sits in Midtown Phoenix with access to I-10, I-17 and Downtown Phoenix. - Nearby retail and dining options include Starbucks, Jamba Juice, Alexi's and First Watch. - Park Central Mall is directly across the street. - Floor-to-ceiling glass doors and windows provide expansive views. - Boxer Property describes the building as a Class A office environment.

Between the lines: - The renewal suggests the location and building features remain compelling for tenants in a competitive office market. - For Boxer Property, keeping an existing tenant avoids turnover costs and supports stability at a flagship asset. - AZ Big Media's decision points to a preference for continuity in a location tied closely to its business operations and readership base.

What's next: - AZ Big Media will continue operating from 3101 Central Plaza under the renewed five-year lease. - Boxer Property will keep leasing and managing the Midtown Phoenix property. - The company says it manages, leases and administers retail, medical, hospitality and office properties totaling more than 15 million square feet across more than 140 locations nationwide.

The bottom line: - The renewal extends AZ Big Media's footprint in Midtown Phoenix and reinforces 3101 Central Plaza's position as a tenant-friendly office address.