Transwestern Leases and Manages 613,500 SF Asset for Sumitomo
April 26, 2021
PHOENIX – Transwestern Real Estate Services (TRS) announces the rebranding and upcoming renovations to 201 E. Washington in downtown Phoenix. Purchased by Sumitomo Corporation of Americas in late 2019 and formerly known as Collier Center, the 613,409-square-foot high-rise will undergo a $10 million capital improvement program and be reintroduced as 201 E. Washington.
“Alongside Sumitomo, we have planned top-of-the-line renovations that will elevate the iconic building beyond recognition from its previous appearance,” said Jim Achen, Transwestern Senior Vice President. “In light of the COVID-19 pandemic, we have given special consideration to incorporating advanced touchless technology and safe space planning strategies.”
Specific upgrades include a new tenant amenity lounge, conference center with meeting rooms, library, event space, and bike storage room. Additionally, a resort-style fitness center with state-of-the-art equipment, a group fitness studio, and full locker rooms will be added.
“The three-phase process has begun, and we expect it to be completed by fourth quarter 2021,” said Bill Zurek, Transwestern Senior Vice President. “We are excited to unveil the new 201 E. Washington and offer an exceptional 100,000 square feet of contiguous space for lease at this time.”
About Sumitomo Corporation of Americas
Sumitomo Corporation of Americas (SCOA) brings a global perspective to today's business opportunities as the largest subsidiary of Sumitomo Corporation (SC), one of Japan's major integrated trading and investment business enterprises. Established in 1952 and headquartered in New York City, SCOA has offices throughout the United States, and North and South America, and is an investor and business partner in more than 40 subsidiary and affiliate companies. The history of Sumitomo Corporation stretches back more than 350 years and its founding principles, stressing integrity and sound management, have been guiding forces throughout our growth and evolution. For more information visit www.sumitomocorp.com
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.