Tag Archives: build-to-suit

Crown Castle photo, WEB

Crown Castle leases 70KSF build-to-suit in Chandler

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.

Raising Canes, WEB

Raising Cane’s® Chicken Fingers Continues Its Arizona Expansion

Cassidy Turley has completed a  0.83-acre (36,213 square feet) build-to-suit lease for MRG Marketing & Management, Inc., Southwest franchise partner for Raising Cane’s Chicken Fingers, at Arrowhead Marketplace, located at the northwest corner of Bell Road and 79thth Avenue in Glendale.

Cassidy Turley Vice President Mark Bramlett represented MRG in its lease transaction with the landlord, Evergreen 79th & Bell, LLC, a division of Evergreen Development. The Glendale location will open summer 2014.

MRG has opened five Raising Cane’s restaurants within the metro Phoenix area since 2011 at 2715 W. Peoria Ave. and 4325 E. Thomas Road in Phoenix, 960 E. University Drive in Tempe, 9935 W. McDowell Road in Avondale and 1945 S. Stapley Drive in Mesa. The company also operates seven Raising Cane’s restaurants in Nevada, with plans for two additional locations. The concept for Raising Cane’s was started in 1996 in Baton Rouge, LA. The quick-service restaurant chain was named in the Top 3 on Sandelman’s 2012 and 2013 Excellent Fast-Food Chains list.