Parallel Capital Partners Signs Teletech Services Corp. to Office Space Expansion in Phoenix

Aug. 30, 2012 - PRLog -- Parallel Capital Partners, Inc. has signed Teletech Services Corp. to a 25,678-square-foot expansion in the Black Canyon Corporate Center in Phoenix, Arizona. Revana, a wholly owned subsidiary of Teletech, currently leases 25,978 square feet within the Center, bringing the company’s total occupancy to 51,656 square feet.  

Black Canyon Corporate Center is a 218,693-square-foot office building purchased in April 2008.  The building is located at 16404 N. Black Canyon Highway in Phoenix, adjacent to I-17 and approximately two miles south of the Loop 101 freeway.  The Center holds an Energy Star designation from the U.S. Environmental Protection Agency and is among the top 10 percent of office buildings in the nation in terms of its energy efficiency.

Teletech Services (www.teletech.com) and Revana provide business process outsourcing to companies, including design and operation of e-commerce websites, call centers and front- and back-office customer service activities.

Parallel Capital Partners, Inc. was represented in the negotiations by John Bonnell, Don Mudd and Brett Abramson of Jones Lang LaSalle.  Teletech Services Corp. was represented by Chris Hook and Lee Diamond of CBRE.

Parallel Capital Partners, Inc. (parallelcapitalpartners.com) is a real estate investment and operating firm that focuses on office, industrial and retail property acquisition in markets in the western U.S. and Hawaii. The company identifies opportunities where assets are undervalued and uses restructuring, capital improvements and superior leasing and management to turn value-added opportunities into core properties.