Colliers International negotiated the 36-month lease of an approximately 8,806 SF Class A office space in the Arcadia Gateway Center, 4222 E. Thomas Rd. in Phoenix.
Greg Hopley, executive vice president with Colliers’ Scottsdale office, represented the landlord, 4222 E Thomas Rd LLC, in completing the transaction. The tenant, Stealth Solar, was self-represented.
Arizona-based Stealth Solar is relocating to the Arcadia Gateway Center from its previous office located nearby at 2600 N. 44th St. in Phoenix.
Arcadia Gateway Center is an 89,811 SF building with current occupancy of approximately 90%.
“This outstanding Class A office property is an ideal upgrade and perfect fit for Stealth Solar, which is growing its business throughout Arizona and Hawaii,” Hopley said.
“Stealth Solar wanted a well-located building with great presence and visibility. Built in 2000, the center is very well-maintained, has ample signage and has easy access to the Loop 101, 202, SR 51 and SR 143 freeways.”
The adjacent covered parking structure was also a determining factor in the selection of this property.
Stealth Solar is a residential and commercial solar photovoltaic (PV) design and integration company based in Phoenix.