Construction firm leases large building in Phoenix’s Camelback Corridor, plans to make it regional HQ

One of the largest construction firms in the country is nearly doubling its Valley office footprint, with plans to move its regional headquarters into a new building next year in Phoenix’s Camelback Corridor.

McCarthy Building Cos. signed a 96,252-square-foot, 11-year lease at 3133 E. Camelback Road, according to Maricopa County records, taking up nearly the entire 100,000-square-foot building.

It’s among the largest office leases inked in the Valley so far this year.

Andrew Cheney, Craig Coppola and Gregg Kafka with Coppola Cheney Group of Lee & Associates represented the landlord, Reliance Management. Mark Seale and Ben Seale of Stream Realty Partners represented McCarthy. Reliance Management is a private property management company and a subsidiary of Presson Companies, which is owned by Daryl R. Burton, the co-founder and vice chair of the Burton Family Foundation.

The lease was executed June 28, Cheney confirmed, and McCarthy is anticipated to move into the building in late 2027 after it undergoes “substantial” tenant improvements.

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.

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