Transwestern Commercial Services was recently selected by Wexford Science & Technology LLC to provide agency leasing services for the new Wexford Innovation Center at 850 N. Fifth St. in Phoenix.

TCS Managing Director Mark Stratz and Senior Vice President Scott Baumgarten are leasing the Class A, 227,113-square-foot property that serves as the innovation and congregation hub of the 30-acre Phoenix Biomedical Campus, according to a press release.

The property is located near Arizona State University’s downtown Phoenix campus, which is set to occupy the first three floors above an activated ground floor, while Transwestern leases floors five through seven, amounting to 103,596 square feet.

The top three floors have views of Phoenix and the metropolitan area. The building is also located near ASU’s School of Health Sciences, the University of Arizona’s College of Medicine-Phoenix, the Center for Therapeutic Genomics, and the Roosevelt Row Corridor.

“The building is appealing to many companies because it is a true public-private partnership between the City of Phoenix, Arizona State University and Wexford Science & Technology,” Mr. Stratz said in a prepared statement. “All businesses will benefit from being located near the intellectual resources of ASU and the Phoenix Biomedical Campus.”

Transwestern is the first outside broker to lease space at the Phoenix Biomedical Campus that encompasses seven buildings totaling more than 6 million square feet and houses the "highest concentration of research scientists and complementary research professionals in the region," noted the release.

The property is Wexford Science & Technology’s first building in Arizona, according to the release, describing the Baltimore-based real estate company.

The company exclusively partners with universities, academic medical centers and research institutions to develop "vibrant, amenity-rich, mixed-use knowledge communities" and has developed 14  Knowledge Communities across the country.