by Dan Peoples | Nov 19, 2012

July 13, 2012

NEWS FROM:  Parallel Capital Partners, Inc.

FOR INFORMATION: Matt Root, Parallel Capital Partners, 858-882-9506
   Jim Ingebritsen, Parallel Capital Partners, 858-882-9504
   Dan Peoples, Peoples & Company, 858-552-1456

Parallel Capital Partners Signs Musket Lease in City Square in Phoenix

Phoenix, Ariz.  Parallel Capital Partners, Inc. reports that Musket Corporation has signed a lease for 1,777 square feet of office space at 4000 N. Central Avenue in the City Square Office Towers in downtown Phoenix, Arizona, 85012. The lease term is for 66 months.

The City Square Office Towers comprise three office buildings at 3800, 3838 and 4000 N. Central Avenue. The Towers range in height from 17 to 23 stories and offer a total of 737,403 leasable square feet. They are part of Phoenix City Square, the largest mixed-use commercial development in Arizona.

Musket Corporation was represented in the negotiations by Scott Maxwell of Cresa Phoenix. Parallel Capital Partners, Inc. was represented by John Bonnell and Brett Abramson of Jones Lang LaSalle.

Musket Corporation is a privately held commodity supply, trading and logistics company with offices in Phoenix, Ariz., Oklahoma City, Okla., Houston, Tex., and Calgary, AB, Canada.

Parallel Capital Partners, Inc. ( is a real estate investment and operating firm that focuses on office, industrial and retail property acquisition in markets in the western U.S. and Hawaii. The company identifies opportunities where assets are undervalued and uses restructuring, capital improvements and superior leasing and management to turn value-added opportunities into core properties.