Major office campus in Camelback Corridor to undergo significant renovation

Monarch Alternative Capital and Tourmaline Capital Partners are getting in on and investing in Phoenix’s flight-to-quality office movement with a big infusion of capital at the Esplanade campus in Phoenix.

The partnership said it plans to renovate and add to the Camelback Corridor office campus with a $45 million investment, with the heart of the project being the renovation of an existing one-story building into a new 16,000-square-foot two-story amenity building.

The bottom floor will be home to a bar and café, an employee lounge and game areas with pool tables and golf simulators. The second floor will be dedicated to wellness, which includes a gym, studio spaces, recovery rooms, saunas, mothers’ rooms and meditation spaces.

Other amenities will include a new 8,000-square-foot conference center, which is a venue that could accommodate events for up to 100 people, that will be added to the building just to the east of the amenity facility.

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