Developer signs first tenant for downtown Phoenix building renovation

Posted at 8:34 AM, Sep 13, 2019
and last updated 2019-09-13 11:39:14-04

The historic Ellis Building is getting its first tenant, a indoor farming operation that also plans to open a restaurant on site.

Citifarms, an indoor vertical farm that grows leafy greens in a controlled environment, is the building's first tenant.

Clear Commercial Advisors is handling the office and retail leasing for the building.

Built in 1922, the 58,382-square-foot Ellis Building at the southeast corner of Second Avenue and Monroe Street was bought by Equus Development Corp for $2.25 million after it was put up for sale by the city of Phoenix.

Read more from the Phoenix Business Journal.