Property Management, Leasing, and Project Management Services

The Arizona State Retirement System (ASRS) Master Agreement ASRS18-215215 is a comprehensive Property Management, Leasing, and Project Management Services contract for the 3300 Tower, a 363,655 square foot office complex located in Midtown Phoenix. The agreement provides for full-scope property management services, including operations, maintenance, leasing, tenant relations, financial reporting, and strategic planning for the facility. Specific services encompass managing the tower's 241,524 rentable square feet, with a compensation structure that includes a property management fee of 1.5% of monthly gross revenues or $5,000 per month, whichever is greater, and structured leasing commissions based on new leases and renewals.

The master agreement was awarded to Cushman & Wakefield USA Inc, with an initial contract term of one year and options to renew for up to nine additional one-year periods, not exceeding a total of ten years. The contract was originally signed on September 21, 2018, with an effective date of October 1, 2018, and covers the state of Arizona. Through multiple amendments (Amendments No. 1-7), the contract has been consistently renewed annually, with the current extension running through September 30, 2026. The contract type is a Master Agreement, and it was competitively solicited through Solicitation No. ASRS18-00008109, providing a structured and transparent procurement process for ongoing property management services.