SCOTTSDALE, AZ – September 18, 2013 – (RealEstateRama) — Occidental Fire & Casualty has signed a 7-year lease for 18,100 SF at Canyon Village, Building B, 18867 N. Thompson Peak Pkwy. in Scottsdale. The new lease offers IAT an upgraded facility opportunity to grow compared with their previous space.
Occidental Fire & Casualty Co. is a national insurance company based in Charlotte, NC and is a subsidiary of IAT Reinsurance Company, Ltd. of Rolling Meadows, IL. Occidental specializes in providing personal automobile insurance to customers through a variety of networks.
Mike McQuaid and Chris Krewson, principals with Lee & Associates represented IAT in the transaction. McQuaid has represented IAT for over 15 years in the Phoenix market. Brad Anderson, Mike Strittmatter and Bryan Taute of CBRE represented the lessor DMB Associates.
Developed and owned by DMB, The Canyon Village property is comprised of four buildings situated on 5.6 AC on the NEC of Union Hills Dr & Thompson Peak Pkwy. The property features mixed-use amenities such as retail and restaurants and an adjacent park. Building B features 29,139 SF and was built in 2008.
Occidental Fire & Casualty Company
Occidental Fire & Casualty Company of North Carolina is a wholly owned subsidiary of IAT-Re Group, an insurance holding company. Occidental specializes in providing personal automobile insurance to customers through a variety of networks. Occidental has been providing valuable and necessary insurance coverage to clients since 1960.
About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in the state. Each of the 48 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.
Mike McQuaid, mmcquaid (at) leearizona (dot) com
Chris Krewson, ckrewson (at) leearizona (dot) com
Senior Research Analyst
Public Media Relations
mdepinto (at) leearizona (dot) com