JFQ Lending, a Scottsdale-based Mortgage Company, executed a long-term deal in Q4 2020 for their new 125,000-square-foot Corporate Headquarters located at 7720 N. Dobson Rd., Scottsdale, AZ 85256. Zak Kottler and Joe Cosgrove of LevRose Commercial Real Estate represented JFQ Lending in what was the largest new office lease in 2020.
Since its inception with only fourteen employees in 2017, JFQ has quickly grown to over 700 employees in 2020. Even throughout the pandemic, JFQ continued to expand its workforce while providing its employees with a fast-paced and high-energy work environment. The new facility houses many amenities including an on-site café with full kitchen, gym, massage and spa rooms, outdoor break and sport areas, and is surrounded by a substantial amount of retail and entertainment within walking distance.
Despite the current economic challenges and reduction in new office leases brought on by the COVID-19 pandemic, this deal creates momentum for the Greater Phoenix Office Market which should carry into 2021.
“The majority of office tenants are currently putting their requirements on hold due to the pandemic but JFQ Lending is full steam ahead with their rapid growth structure, acquiring a new, much-needed space for their Corporate HQ,” says Zak Kottler, Partner at LevRose Commercial Real Estate. “It was a constantly-evolving search which resulted in securing a facility that checked all the boxes for their immediate needs and long-term goals.”
“While we want to be highly cognizant of the health and safety of our employees, there is simply no replacement for the comradery and communication that comes with the JFQ family operating within the same walls.” said John Kresevic CEO/Founder of JFQ Lending “The facility helps us achieve two of the company's main goals: employee prosperity and excellent client service.”
Zak Kottler and Joe Cosgrove of LevRose Commercial Real Estate represented JFQ Lending. Ruth Darby of Keyser represented the Sublessor.
LevRose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, Levrose has been helping clients with every aspect of leasing, buying, selling and managing Commercial properties. With some of the top professionals in the industry, Levrose takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties.