Tag Archives: Chandler Midway

CoStar

NXP Semiconductors leases 33KSF at Chandler Midway

The ViaWest Group announced today that NXP Semiconductors has signed a 10-year lease for 32,988 SF of office space at Chandler Midway Corporate Center, 5670 W. Chandler Blvd. Built in 2007, the project is comprised of two class-A office buildings totaling 111,800 SF. ViaWest originally purchased Chandler Midway in December 2012. At the time of the acquisition the buildings were 34 percent leased and with the addition of the NXP, the project is now 75 percent leased with deal activity that could bring the project in excess of 90 percent in the very near future.

NXP relocated to Chandler Midway from another ViaWest-owned building in the ASU Research Park. “We developed a great relationship with NXP and were excited that we were able to find an opportunity within our portfolio of assets that fit NXP’s long-term needs,” said Danny Swancey of ViaWest Group. “We pride ourselves as a relationship-oriented owner who works closely with the brokerage community and tenants to facilitate smooth and fair transactions for all parties involved,” added Gary Linhart of ViaWest Group.

Located at the northeast corner of Chandler Blvd and Gila Springs, the project is centrally located between the I-10, Loop 101 and new Loop 202 Freeways and is in close proximity to Chandler Regional Hospital. Chandler Midway is within 3 miles of 3MSF of retail amenities and 15 minutes from Sky Harbor International Airport.

We’re excited to continue our relationship with ViaWest and keep our Arizona operations in the Southeast Valley.  The talent of the workforce, quality of life, and lack of extreme weather and natural disasters are all factors that we consider when selecting sites, and Chandler has all of these key ingredients,” stated Greg Stuck, Sr. Director of Global Real Estate for NXP Semiconductors.

“The Chandler area has consistently outperformed the overall Phoenix market in attracting technology-related companies and is one of the top job-creating economies in the U.S. NXP continues this trend by bringing another a great global corporate name and quality workforce to Chandler Midway,” said Cassidy’s Scott Baumgarten. These properties are surrounded by first-class amenities, high-end executive housing and the I-10, Loop 101 & 202 Freeways making them very attractive to prospective tenants. Mark Stratz added, “NXP’s move to Chandler Midway solidifies their commitment to Arizona and further ratifies the Southeast Valley as one of the nation’s premier technology corridors.”

Vice Presidents Stratz and Baumgarten of Cassidy Turley’s Phoenix office represented the landlord and are currently marketing the remaining vacancy consisting of 23,117 SF in the 5670 building, as well as, a state-of-the-art 5,066 SF spec suite prominently located on the first floor lobby of the 5710 building. Don Rodie of Cushman & Wakefield’s Phoenix office represented the Tenant.

ChandlerMidway, CassidyTurley

Sprint Leases 12,394 SF at ViaWest Properties’ Chandler Midway

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a 12,394 square foot lease for Sprint at Chandler Midway, 5710 West Chandler Boulevard. Executive Vice Presidents Mark Stratz, Tyler Wilson and Scott Baumgarten with Cassidy Turley’s Office Group represented the landlord, locally based ViaWest Properties, while Dave Barrett with CBRE represented the tenant.

Sprint, one of the largest wireless and wireline carriers in the United States, will relocate its sales and training division to Chandler Midway from a building in the Sky Harbor Airport submarket.

“Chandler Midway is arguably the highest quality large block office project in the Southeast Valley,” Mr. Baumgarten said. “Securing Sprint as another strong tenant only confirms its place in the market.”

Built in 2007, Chandler Midway includes an 189,000 square foot office building and multiple office condominiums. The project is centrally located between Interstate 10, Loop 101 and the new Loop 202 Freeway, and is in close proximity to Chandler Regional Hospital. It is within 3 miles of 3 million square feet of retail amenities and 15 minutes from Sky Harbor International Airport.

Chandler Midway is 45% leased. The property has 55,908 square feet of contiguous space available, as well as a 5,066 square foot spec suite located on first floor. The office condos range in size from 1,000 to 5,054 square feet and are currently 80% sold out.