{"id":22519,"date":"2019-07-15T10:12:28","date_gmt":"2019-07-15T08:12:28","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=22519"},"modified":"2025-07-23T13:58:37","modified_gmt":"2025-07-23T10:58:37","slug":"office-building-week-one-two-renaissance-square-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/office-building-week-one-two-renaissance-square-phoenix\/","title":{"rendered":"Office Building of the Week: One and Two Renaissance Square, Phoenix"},"content":{"rendered":"<div id=\"attachment_23681\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-23681\" class=\"wp-image-23681 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/16579.jpg\" alt=\"\" width=\"640\" height=\"512\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/16579.jpg 640w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/16579.jpg?resize=150,120 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/16579.jpg?resize=375,300 375w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><p id=\"caption-attachment-23681\" class=\"wp-caption-text\">One Renaissance Square, Phoenix (image courtesy of Yardi Matrix)<\/p><\/div>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-23682 size-full aligncenter\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Quick-Facts_One-Two-Renaissance-Square.png\" alt=\"\" width=\"800\" height=\"841\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Quick-Facts_One-Two-Renaissance-Square.png 800w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Quick-Facts_One-Two-Renaissance-Square.png?resize=143,150 143w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Quick-Facts_One-Two-Renaissance-Square.png?resize=285,300 285w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Quick-Facts_One-Two-Renaissance-Square.png?resize=768,807 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/>Comprised of two red granite towers, the One and Two Renaissance Square buildings form a high-rise complex in downtown Phoenix.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The buildings sit at the heart of Phoenix\u2019s commercial business district on a full city block bounded by Adams, Central and Washington streets and 1st Avenue. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2008, Hines acquired the buildings and in 2016, the complex reportedly <\/span><a href=\"https:\/\/eu.azcentral.com\/story\/money\/real-estate\/2016\/12\/22\/phoenix-renaissance-square-high-rise-building-sells-151-million\/95747184\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">fetched $151 million<\/span><\/a><span style=\"font-weight: 400;\"> in a sale to funds managed by Oaktree Capital Management in Cypress Office Properties. Hines continues to manage the buildings and the new owners also reportedly plan to spend $50 million upgrading the complex<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Halfway up the structures, a pedestrian sky bridge connects the two towers allowing residents to access the full range of amenities these buildings offer. There\u2019s a selection of renovated lobbies, conference and training facilities, subterranean on-site parking, and plenty of outdoor space. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The extensive 20,000 square foot in-house fitness center also features a cardio studio, indoor basketball court, training area, free weights, racquetball courts, personal training, laundry service, private showers and lockers, and much more. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Collectively known as Ren Square, the two buildings are LEED Gold Certified and are a Heavy Medal Awards winner as designated by the US Green Buildings Council (USGBC). The properties won the 2018 BOMA Outstanding Building of the Year for the fourth straight year in the 500,000-1,000,000 SF category. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both One and Two Renaissance Square were also awarded the Energy Star label from 2008 through 2017 for their operating efficiency. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">One Renaissance Square has 26 floors and stands 347 ft. The 28-floor Two Renaissance Square tower is 372 ft tall. Both buildings have an average floor plate of 20,000 rentable square-feet. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The complex was originally designed by the architecture firm Emery, Roth &amp; Sons, Inc. Tower One was completed in 1987 and Tower Two was completed in 1989. <\/span><\/p>\n<h2>One Renaissance Square Details<\/h2>\n<p><span style=\"font-weight: 400;\">You can find out more about One Renaissance Square at its <\/span><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/az\/phoenix\/one-renaissance-square\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">CommercialCafe Listing here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lease Rate: $33 &#8211; $35\/Sqft\/Yearly<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">City: Phoenix<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Neighborhood: Downtown Phoenix<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Zip Code: <\/span><span style=\"font-weight: 400;\">85004<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Market: Phoenix<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Property Type: Office &#8211; Office Building<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Building Size: 533,216 Sqft<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lot Size: 0.95 Acre<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Parking Ratio: 4.00\/ 1,000 SF<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Property Tenancy: Multi-Tenant<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">LEED: Gold<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Building: ClassA<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Year Built: 1987<\/span><\/li>\n<\/ul>\n<h2>Two Renaissance Square Details<\/h2>\n<p><span style=\"font-weight: 400;\">You can find out more about Two Renaissance Square at its <\/span><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/az\/phoenix\/two-renaissance-square\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">CommercialCafe Listing here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lease Rate: $33 &#8211; $35\/Sqft\/Yearly<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">City: Phoenix<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Neighborhood: Downtown Phoenix<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Zip Code: <\/span><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/maricopa-county\/85004\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">85004<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Market: Phoenix<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Property Type: Office &#8211; Office Building<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Building Size: 477,767 Sqft<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lot Size: 0.98 Acre<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Parking Ratio: 4.00\/ 1,000 SF<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Property Tenancy: Multi-Tenant<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">LEED: Gold<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Building: Class A<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Year Built: 1989<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Comprised of two red granite towers, the One and Two Renaissance Square buildings form a high-rise complex in downtown Phoenix. The buildings sit at the heart of Phoenix\u2019s commercial business district on a full city block bounded by Adams, Central and Washington streets and 1st Avenue. In 2008, Hines acquired the buildings and in 2016,&hellip;<\/p>\n","protected":false},"author":202,"featured_media":23674,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,39,2547],"tags":[2725],"class_list":["post-22519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office","category-resources","tag-cre-resources","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Office Building of the Week: One and Two Renaissance Square, Phoenix - 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