Colliers International in Greater Phoenix has recently completed the long-term lease of a 70,000-square-foot build-to-suit, Class A office property in Chandler.
Crown Castle International, one of the country’s largest independent owners and operators of shared wireless infrastructure, will lease the building on the southeast corner of Germann Road and Stearman Drive in Chandler from developer LGE Design Build of Phoenix.
Keith Lambeth, an executive vice president, Todd Noel, an executive vice president, and Ryan Timpani, an associate vice president, all of Colliers International; served as brokers for the tenant. Together, they form one of the top-producing office property teams in the Phoenix area. They have completed numerous assignments on behalf of local and national clients ranging from land acquisitions, tenant representation, build-to-suit and investment acquisitions and dispositions.
The landlord was self-represented.
“The property was attractive to the tenant because it is located off Loop 202 and within walking distance of 1.2 million square feet of retail. This land offers expansion opportunities for Crown Castle down the road,” Lambeth said.
The build-to-suit is expected to be completed by July 1, 2015.
“Crown Castle actively participated in the design. Next summer, the company will have a Class A building that meets their specific needs and reflects their valued brand,” Timpani said.