Office Archives

North Scottsdale office portfolio sells for $122M

Scottsdale
by in AZRE Magazine | Office

A North Scottsdale Class-A office portfolio was sold by its developers for $122 million to a Phoenix-based property company. Wentworth Property Company purchased the 640,000 square-foot portfolio from Desert Troon Companies with plans to renovated the offices, and add two parking garages to the area, according to Cushman & Wakefield. The 640,000 square-foot office portfolio is… Read More →

Colliers goes collaborative with workspace renovations

Colliers
by in AZRE Magazine | Office

Colliers International in Greater Phoenix recently completed an office renovation at the Biltmore Financial Center, creating an inviting open concept that fosters collaboration and creativity, increases efficiency and enables brokers to better serve clients.   Photos courtesy of Colliers International Colliers held visioning sessions and conducted internal surveys during a two-year comprehensive workplace strategic review… Read More →

CBRE will market mixed-use Block 23 project

Block 23
by in AZRE Magazine | Office

CBRE will be marketing the three-story, 155,000 square-feet office portion of Block 23 at CityScape, the mixed-used project being developed by RED Development in downtown Phoenix. The property, located at the southeast corner of Washington and First Streets, is referred to as Block 23 because of its location in the original city plan. Jerry Roberts and… Read More →

Versant Capital Management is relocating office

Deal, WEB
by in AZRE Magazine | Office

Versant Capital Management, Inc. is moving its corporate office to a new space in Phoenix, near 24th Street and Camelback road. Versant will now occupy a large office suite at the Biltmore Financial Park in the Fennemore Craig building. Versant’s new offices at 2394 E. Camelback Rd., Suite 100 plan to bring improved client service, new… Read More →

Superstition Corridor property sells for $4.9M

Superstiiton Corridor
by in AZRE Magazine | Brokerage | Office

Strong recovery in the Superstition Corridor contributed to this week’s $4.9 million sale of Inverness Commons II, a value-add office asset represented by the Phoenix office of JLL. The 60,960 square-foot building sits within one mile of the U.S. 60 Superstition Freeway and in the heart of the Superstition Corridor, a submarket that over the past… Read More →

Fiesta Tech Center sells for $4.7M

Berkadia
by in AZRE Magazine | Brokerage | Office

Caliber, The Wealth Development Company closed, Wednesday, on the 42,111 square-foot Fiesta Tech Center located in Gilbert. The technology-centric office building was purchased at $4.7 million resulting in Caliber’s largest commercial real estate property to date. The property is located in Gilbert, which is the fastest growing technology employment area in the state featuring major employers… Read More →

Women-focused Building 313 will break ground

Building 313
by in AZRE Magazine | Office

Gilbert’s first women-focused mixed-use building, Building 313, is officially under development and a groundbreaking ceremony is scheduled for Tuesday, June 7 at 8:15 a.m. The $3.3 million project, named Building 313, will be a 15,602 square-foot owner-occupied mixed-use space in the Heritage District of downtown Gilbert. Owner and visionary Lynne King Smith, a Gilbert-based entrepreneur… Read More →

Irgens completes Chandler Airport Center project

Chandler Airport Center
by in AZRE Magazine | Office

Irgens – Phoenix finished development of its Ascend at Chandler Airport Center building, located at the northwest corner of South Cooper and East Germann roads in Chandler. The 81,712-square-foot flex/office building is expandable to 162,000 square-feet with addition of a second level. The building is located within the Chandler Airport Center, a multi-building corporate business park… Read More →

Revamping the ground floor

ground floor

If you believe the days of ground-floor glory and grandeur have gone asunder, think again. The lively lobbies and first-floor streetscapes so admired in golden eras of old are making a comeback. Take a look at how two projects are meshing the best of ground-floor throwback with new-age amenities to create a hybrid of first-floor… Read More →

Monroe Building opens new creative workspaces

Monroe Building
by in AZRE Magazine | Office

According to the National Association of Industrial and Office Properties, the concept of a traditional office building is long gone, making way for the kind of creative spaces that caters to highly sought-after knowledge-based companies, many of which employ primarily millennial workers between the ages of 25 to 40. Companies are looking for office space… Read More →

Cleveland-based Financial risk firm expands into Phoenix

Financial risk

Hines, the international real estate firm, today announced it has signed a 19,200-square-foot lease at Renaissance Square for Gabriel Partners, a Cleveland-based financial risk and compliance firm expanding to the Phoenix market. Gabriel Partners will occupy the entire 22nd floor of Two Renaissance Square with collaborative office spaces. Gabriel Partners provides financial and risk analytics, intelligence and regulatory… Read More →

Sun State Builders completes Flagstaff DES

Sun State Builders
by in AZRE Magazine | Office

Sun State Builders announced the completion of the Department of Economic Security project in Flagstaff, Arizona. The single tenant office project is 50,000 square feet, three-Stories, and is beautifully incorporated into the pines of Northern Arizona. The fully occupied office space houses eight different departments for the State of Arizona, including Child Protective Services, Economic Security, Attorney… Read More →

Chandler office building sells for $6.5M

Chandler office
by in AZRE Magazine | Office

Commercial Properties Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of a 66,756 square-foot Class A office/flex building located at 2225 S. Price Rd. in Chandler. John G. Soldo, SIOR of CPI’s Tempe office represented the buyer, Ross Mitchell of Dunbar Real Estate Investment Management from El Segundo, CA, in this $6.5 million sale. “Dunbar… Read More →

Lincoln breaks ground on 250K SF offices

Rendering of the Grand at Papago Park
by in AZRE Magazine | Construction | Office

Just as it breaks ground on the first building at The Grand at Papago Park Center in Tempe, Arizona, Lincoln Property Company (LPC) has secured a pre-lease commitment from a major first tenant: leading enterprise application software company SAP America (NYSE: SAP). SAP is currently located in the Scottsdale Galleria, but will relocate to the first building at The Grand at… Read More →