Continuum Science & Technology Park in Chandler’s Price Corridor has landed its first major company — Nationstar Mortgage.
Nationstar is one of the nation’s leading mortgage servicers and lenders.
Nationstar will be placing 1,200 new jobs in 160,000 SF of space, with an option to expand. The company is currently occupying temporary space in the same building as tenant improvements are completed. RSG Builders is the general contractor and PHArchitecture is the architect.
“Nationstar is strong and growing, and we’re excited to be opening our newest site in Chandler,” said Nationstar Mortgage Executive Vice President Mike Rawls. “The Chandler area provides access to existing mortgage industry talent and a well-educated workforce. We look forward to building a great team here.”
The jobs will be in the advanced business services sector, including mortgage processing and origination as the company collects and processes loans.
“Chandler’s broad spectrum of industries serves us well as companies evaluate whether a community has the potential for industry partners,” said Chandler Mayor Jay Tibshraeny. “We have developed the workforce Nationstar needs through a strong financial services sector and the partnerships Chandler has in place with ASU and the University of Arizona.”
“I want to thank the Nationstar team for its confidence in, and commitment to Arizona,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “This project represents a significant investment in our state and will create hundreds of jobs for Arizonans. It continues to showcase Arizona as a state rich with talent and full of opportunity, with the government backing to support individual business success.”
Continuum is a 153-acre, master planned Science & Technology Park that advances the vision of the Price Corridor as a “super technology” region, making Chandler competitive on an international scale.
Continuum is expected to be home to 8,000 to 12,000 jobs and generate $250M to $300M in primary economic impacts at build-out.
“Nationstar’s desire for prominent identity, unparalleled infrastructure, and a quality labor pool made our project a perfect choice, and we couldn’t be more excited to have them as one of the first tenants at Continuum,” said Kevin Miller, Senior Vice President-Southwest Region, Capital Commercial Investments. “The addition of Nationstar continues to reinforce our position as one of the premier business parks in the valley.”
Nationstar joins notable employers in the Price Corridor in key industries of aerospace, life sciences, high technology R&D/manufacturing and advanced business services.