Tempe development at Rio2100

300,000 SF built-to-suit lease announced for 52-acre Tempe development

Rio2100, a 52-acre mixed-use development under construction at the intersection of Loop 202 and Loop 101 in Tempe, Ariz., has the announced execution of a 300,000-square-foot build-to-suit lease with Freedom Financial Network.

Bryan Taute and Charlie von Arentschildt with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, The Boyer Company. Freedom Financial was represented by Pat Williams and Gregg Walker with JLL.

“Rio2100 leverages unique location advantages including unparalleled access to the Valley, unmatched visibility along the 101 and 202 freeways, and proximity to Tempe’s premier retail, dining and entertainment options,” said CBRE’s Taute. “Further development along Rio Salado Parkway demonstrates the continued strength of the Tempe submarket. With Freedom Financial now in the mix, tenant interest and activity will increase as we turn our focus to Phase I and future phases.

Freedom Financial Network will occupy two, four-story buildings totaling 300,000 square feet at the north end of the business park within Phases II and III, which boast visibility from Loop 202. The San Francisco-based financial services firm has operated in the Phoenix area since 2008.

Rio2100

The site plan for the 52-acre mixed-use Tempe development, Rio2100. (Image courtesy of CBRE)

“We are proud to be partnering with The Boyer Company, and ecstatic to be increasing our commitment to Tempe,” said Freedom Financial Network co-founder and CEO Brad Stroh. “We have an amazingly talented team of 1,600 teammates today, and we’re excited to be building our future campus that will allow us to double our team in Tempe. The project, location, and partners are perfectly suited to meet our growth aspirations.”

Completed in March 2017, Phase I of Rio2100 offers a total of 100,000 square feet and includes one additional two-story office building, supporting retail space, restaurants, multifamily housing, a Hilton Garden Inn and a Homewood Suites.

“The addition of Freedom Financial validates not only our vision for the project but also the hard work of both our team and the City of Tempe to help add a world-class development and destination to one of the city’s most prominent intersections,” said Jake Boyer, president and CEO of The Boyer Company.

“We’re thrilled to kick off our project with a tenant as valued as Freedom Financial,” said Adrian Evarkiou, a partner with The Boyer Company, responsible for the project.

The development also benefits from proximity to neighboring Tempe Marketplace, Downtown Tempe and Arizona State University.

“When Tempe’s businesses grow and succeed, our entire community benefits. We are proud to see Freedom Financial Network continue to expand in Tempe,” Tempe Mayor Mark Mitchell said. “The Rio2100 project will add jobs, services and housing to our city and provide much needed hotel space. We congratulate The Boyer Company, CBRE and Freedom Financial Network on their progress.”

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