Office Archives

Concentrated Culture: The symbiosis of new-build and adaptive reuse

Portland on the Park, Courtesy of DAVIS

There are undeniable truths in commercial real estate. For instance — retail follows rooftops. However, when the right variables come together, the presence of retail can create a demand for mixed-use communities. This is a phenomenon Michelle Schwartz, associate at RSP Architects, has observed in her firm’s recent work. “Arizona has such a short history… Read More →

New to Market: May 2015-June 2015

Arizona Fallen Firefighters & Emergency Paramedics Memorial

Public Arizona Fallen Firefighters & Emergency Paramedics Memorial DEVELOPER: State of Arizona General Contractor: McCarthy Building Companies Architect: SmithGroupJJR Engineers: CVL and PK Associates Sculptors: Rusty Bowers; Paul Olesniewicz Location: Wesley Bolin Memorial Plaza VALUE: $1.25M in donations Start/Completion: March to October 2015 Subcontractors: American Fence, Gothic Landscaping, W.R. Grace, Brundage Bone, Sun Valley, Schuff… Read More →

Big Deals: Office/Sales, May 2015-June 2015

UNIVERSITY OF PHOENIX HQ, PHOENIX

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from… Read More →

Amkor Technology celebrates grand opening

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Amkor Technology, a leading provider of semiconductor packaging and test services, joined Tempe Mayor Mark Mitchell, Ryan Companies US, Inc., ASU representatives and other community leaders to officially open the doors of Amkor’s new corporate headquarters today. Located in the Arizona State University Research Park (ASURP), the 101,949 square foot, two-story office building at 2045… Read More →

SAXA and Caliber partner for North Scottsdale office building

Scottsdale-based developer, SAXA, Inc. and Caliber Companies is partnering to develop and build a new 40,000 square foot Class-A commercial office building in North Scottsdale, Arizona. The 2.5-acre site, located within Horseman’s Park on the northeast corner of the Loop 101 freeway and south of Bell Road on Bahia Drive, will be the first new… Read More →

Wetta Ventures redevelops prime Camelback Corridor site

Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade. Caldwell & Ober law firm currently occupies the 12,130 square foot, two-story building that will be redeveloped into retail and… Read More →

Irgens opens Portico Place II in Chandler

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Irgens officially opened Portico Place II, a 48,173 sf, two-story, Class A multi-tenant office building located at 2195 West Chandler Boulevard in Chandler, Arizona. Designed and developed to meet the growing demand for contemporary office space in the Southeast Valley, Portico Place II is the first speculative, multi-tenant office building of similar size developed in… Read More →

Phoenix office market gains momentum

The Esplanade

Source: Lee & Associates Q1 Report As the overall economy continues improving, the Phoenix office sector is experiencing strong momentum in a variety of different measurements. Office construction, sales velocity and rents are all on the rise; however leasing activity remains muted. The Valley is flooded with tenants in the market touring buildings and assessing… Read More →

Coolest incubators in Metro Phoenix

Luhrs Int 2

Incubators are spaces outfitted with support staff, equipment and made available at low rent to new, small businesses. From trendy digs to attractive benefits, here are the best places to put all your eggs in a basket. BioAccel Location: 2702 N. 3rd St., #3001, Phoenix Dictum: “We help Arizona reach its potential by helping Arizona’s entrepreneurs reach… Read More →

LGE Design to break ground on the $4.5M ACES school

The ACES, web

LGE Design Build will break ground on the $4.5 million Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES) at 9:30 a.m. on April 17. The ACES, a state approved school, is the largest private provider of special education in Arizona partnering with 65 district and charter schools. Phoenix Vice Mayor Daniel… Read More →

Tuesday Morning Corp. signs 593KSF spec lease

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Liberty Property Trust announced that Tuesday Morning Corporation has signed a 10-year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential distribution center… Read More →

New to Market: January, February 2015

The Enclave at Borgata Developer: Antera Development General contractor: Wespac Architect: Davis Location: 6166 N. Scottsdale Rd., Scottsdale, Ariz. Size: 90 units; 4.77 acres Start/Completion: 2Q 2015 to 4Q 2016 The Enclave at Borgata includes 90 luxury condominium residences, featuring soft contemporary design and resort-like amenities, all within walking distance to many convenient amenities. Floor… Read More →

Plexus Worldwide breaks ground on national HQ

Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named #8 on the 2014 Inc. 5000 list of fastest growing companies, announced it will break ground on a 70KSF national headquarters office building at the MainSpring Capital project at Pima Center on March 30 at noon. The company recently moved its warehouse… Read More →

Northern Trust to expand at Discovery Business Campus

Northern Trust at Discovery Business Campus, rendering credit to DAVIS

Seeking to meet long-term global growth needs and expected demand for services, Northern Trust announced plans to expand in Arizona by opening a new operating center in Tempe. The center – expected to open in mid-2015 and grow to 1,000 full-time employees over the next three years – will provide multiple financial business and banking… Read More →