The broker
The RFP said ACA had no broker. ACA later said CBRE represented it.
The Request for Proposal ACA sent to bidders on December 1, 2025 makes a
representation about who was on ACA’s side of the table:
“Tenant is represented in this transaction exclusively by ACA’s Senior Real
Estate Coordinator, Karyn MacVean.”
ACA Request for Proposal, December 1, 2025
The same document states that ACA’s Senior Real Estate Coordinator “shall
serve the Tenant as its sole and exclusive agent for this transaction.” Bidders
priced against that representation. Pivot’s response to the broker line reads:
“None.”
On July 22, 2026, ACA told the Phoenix Business Journal that Scott Baumgarten of CBRE
“represented the ACA.” CBRE prepared the April 22, 2026 letter agreement
recording that ACA “has agreed on a proposal to lease” the Collier Center. The
same CBRE brokers appear in the transaction documents as leasing brokers for the Collier
Center landlord.
No engagement letter, commission agreement or agency disclosure has been produced.
Why this shows up in the rent
Leasing commissions are ordinarily paid by the landlord and priced into the rent
the tenant pays. A tenant that is told it has no broker, and is later represented by
one, is paying for that representation whether or not it ever saw an invoice.
ACA’s own files make the point. The One North Central proposal
is $33.00 per square foot full service, below the transaction ACA signed. It
is priced, in terms, “based upon no outside brokerage commission
to be paid.”
See the economics