In 2008, Hines, on behalf of the Hines U.S. Core Office Fund, L.P., acquired Renaissance Square, a two-building office complex in Phoenix, from a joint venture between The Pauls Corporation and GE Asset Management. The property is located in the heart of Phoenix's CBD on a full-city block bounded by Adams, Central and Washington streets and 1st Avenue. One and Two Renaissance Square were designed by the architecture firm Emery, Roth & Sons, Inc., and were completed in 1987 and 1989 respectively. The buildings, which are clad in red granite, are connected by a pedestrian sky bridge. The 494,004-square-foot One Renaissance Square is 25-stories and Two Renaissance Square contains 474,786 square feet and is 27 stories.
Hines sold the property on December 21, 2016, but currently property manages the project.