by Dan Peoples | Nov 19, 2012

August 16, 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 R&R Partners to New Lease in US Bank Center in Phoenix

Phoenix, Ariz.  Parallel Capital Partners, Inc. reports that R&R Partners, Inc. has signed a new lease for 13,162 square feet of office space on the 29th floor of the US Bank Center at 101 North 1st Avenue in downtown Phoenix, Arizona, 85003. The lease term is for 26 months.

Built in 1976 and renovated between 2001 and 2005, the US Bank Center comprises 31 stories of offices and above-ground garage parking and is the second-tallest building in Arizona.

R&R Partners was represented in the negotiations by Phillip Bredenbach of Colliers International. Parallel Capital Partners, Inc. was represented by John Bonnell and Brett Abramson of Jones Lang LaSalle.

R&R Partners (rrpartners.com) is an advertising, digital, marketing, public relations and public affairs firm with offices in Phoenix, Las Vegas, Reno, Salt Lake City and Washington, D.C.

Parallel Capital Partners, Inc. (parallelcapitalpartners.com) 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.