Apogee Snags Block M Space
Remember when we hinted here that Glimcher Realty Trust had another tenant up its sleeve at Block M? Well, turns out it was Apogee Physicians, which inked a HQ deal for 28k SF at the 170k SF, mixed-use building now under construction. CBRE's Vince Femiano brokered the deal for Apogee, while CBRE's Brad Anderson and Michael Strittmatter repped Glimcher.
Despite leasing successes at Block M, Glimcher's Marshall Loeb says the firm isn't eyeing any additional projects in the metro area just yet. “We'd love to do more in Phoenix, but I don't have a site that I feel is underserved,” he says. While he falls short of calling the North Scottsdale market overbuilt, Marshall says that the retail market now seems tapped out and doesn't justify another retail-driven project.