CBRE has completed a 17,134-square-foot office lease at 5555 E. Van Buren St. in Phoenix, Ariz. The lease marks a relocation of CEMEX Construction Materials’ regional headquarters within the Valley. The financial terms of the transaction were not disclosed.
Luke Walker, Dave Carder, Nate Goldfarb and Eric Schultz with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, Abart Properties 5555 LLC of Scottsdale, Ariz. CEMEX was represented by Darius Green with Keyser Co.
Previously home to Phoenix-based Weitz Construction, CBRE was able to lease the space at 5555 E. Van Buren within three months of Weitz’s departure. CBRE’s Walker points to the property’s creative-office environment and the workplace-strategy trends corporate office users are embracing as major factors in his team’s ability to lease the space quickly.
“Demand for creative space has extended beyond the start-ups and tech centered industries and we are definitely seeing increased interest in this type of space from more traditional office users,” said Walker. “Really since late 2012 approximately 90 percent of tenant prospects that visit 5555 E. Van Buren are seeking workspaces that optimize efficiency, collaboration and creativity.”
Built in 2003, 5555 E. Van Buren is located at the southwest corner of 56th and Van Buren Streets and has spectacular views of Papago Buttes and Papago Golf Course. It features unique, contemporary architecture with stained concrete floors and an exposed ceiling grid. The two-story class A office building benefits from direct access to Loop 202 and proximity to hotel and restaurant options.
As part of the company’s 25th Anniversary celebration, Coreslab Structures of Arizona will be hosting an open house Friday, April 25 at its facility, located at 5026 S. 43rd Ave. in Phoenix, including such local dignitaries as City of Phoenix Mayor Greg Stanton. The event will be held from 9:00 a.m. to 1:00 p.m.
Expecting more than 200 clients and industry supporters, Coreslab’s open house will include tours of the facility and production facility, double-tee load test, self-consolidating concrete demo, door prizes, and food and drinks.
Arizona general manager and vice president Ron Harman stated, “This open house is an opportunity to connect with our loyal customers, architects and general contractors in the Valley, while demonstrating new innovations possible with precast concrete. As the needs of our clients have changed over the years, we have developed new products and improved our production processes to ensure that they are receiving a quality product at a competitive price.”
Stanton’s confirmation of attendance reflects his commitment to Phoenix businesses. Since taking office just two years ago, Mayor Greg Stanton has worked tirelessly to build a modern economy that works for every Phoenix family. By lifting up local business such as Coreslab Structures, Stanton is leading the way to create an economy built to last. Before he was elected mayor in 2011, Stanton served nine years on the City Council and as Arizona’s Deputy Attorney General.