Liberty Property Trust Breaks Ground on Liberty Center at Rio Salado

Liberty Property Trust will break ground on the first of up to 11 planned buildings at Liberty Center at Rio Salado business park in Tempe on Monday. When complete in mid-2014, Building One (1850 W. Rio Salado Parkway) will be a two-story 155,000 SF Class-A office building. The speculative project is designed to achieve LEED Silver certification.

The ceremony will be hosted by William P. Hankowsky, chief executive officer, and John DiVall, senior vice president of Liberty Property Trust with remarks by Tempe Mayor Mark Mitchell.

“Today will mark the start of our largest project to date in Arizona, and we are excited to be getting underway,” said Hankowsky. “Our strategy is to create work environments that can make a difference in the quality of people’s lives. We believe that Liberty Center at Rio Salado – with its sustainable buildings and commitment to amenities such as an outdoor amphitheater and Wi-Fi – will provide a terrific location for creativity, productivity and innovation. This location in Tempe will offer a live-work-play environment.” 

In concert with the development of Building One, Liberty will develop the formal entrance to the park near the southwest corner of the intersection of Priest Road and Rio Salado Parkway. Well-known local sculptor and designer Kevin S. Berry is developing an iconic piece for the entrance and several more that will dot the park. Landscaping will feature native plants and the bike and walking paths will link into the City of Tempe bicycle paths.

Liberty is in the process of earthwork and installing infrastructure in anticipation of announcing the development of a sister building by the end of the year. These two buildings are part of Phase I, which when complete will include six office and one industrial building. Phase II, which will be located across the road, is slated to include a hotel, retail and additional office buildings. In total the park will offer more than one million square feet of office, industrial, flex and retail space.


About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.