Tag Archives: HSL Properties

Esplanade rendering, courtesy of CBRE

Project News Jan/Feb 2015

TIME AFTER TIME

The historic Hayden House in Tempe (built between 1871 and 1873) was the birth place of Arizona Rep. and Sen. Carl Hayden in 1877. Over the years, it was converted to a boarding house and eventually a restaurant known as Monti’s La Casa Vieja. The 2.51-acre property, purchased by Hayden House Tempe LLC, a partnership between San Diego, Los Angeles and Colorado companies (Douglas Wilson Companies, Hensel Phelps Development LLC and Karlin Real Estate), will be redeveloped into a mixed-use office and lifestyle-hotel development, called Mill and Rio Salado, featuring a 15-story, 280KSF class-A office space and a 16-story, 274-key Kimpton hotel with 17KSF for restaurants and retail. This restaurant will be preserved and renovated. The overall project cost will be $200M, beginning in mid-2015 and ending in 2017.

GOING WITH THE GRAIN

Hayden Flour Mill will get an update from the inside out with the help of Chicago-based Baum Development, Aparium Hotel Group, SmithGroupJJR and Sundt Construction Inc. The five-acre parcel featuring a historic flour mill will transform into a boutique hotel, dining and retail and a 4,000-seat amphitheater.

THE PRICE IS RIGHT

Douglas Allred Company announced three new projects at the 150-acre Park Place office complex are under construction — a business hotel, dining and retail project and 92KSF, class-A office building. Drury Development Corporation will develop the eight-story, 210-room Drury Inn & Suites. The development is in Chandler’s Price Corridor.

DOWNTOWN DIGS

Georgia-based Wood Partners purchased two downtown land parcels with intent to develop a 220-unit apartment complex known as ALTA Fillmore. Two commercial buildings on the lots will be demolished prior to development, which will begin in 2Q 2015. WP West Builders Arizona is the contractor.

HOME STRETCH

Trammell Crow Company and Clarion Partners began construction on phase three of the Coldwater Depot Logistics Center with completion estimated at 2Q 2015. This is the final phase of the 66-acre industrial park.

SOUTHERN BELL

HSL Properties, Inc. announced the ground breaking of its $46M, 368-unit luxury apartment home community in the Tucson National area of the northwest Tucson Metro. The project, Encantada at Tucson National and contracted by HSL Construction Services and designed by Eglin + Bresler Architects PC, will be completed by fall 2016.

ESPLANADE RENOVATIONS

Through the beginning of 2015, the Esplanade will undergo renovations to its ground plane and retail space. Improvements to its entry points, walkways and central corridor are among the main focuses. Gensler has been tapped as the design firm for the renovations by owner MetLife. CBRE will manage the renovations.

Courtesy of CBRE

HSL Properties buys Hilton hotel, plans $16M renovation

CBRE has completed the sale of the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club in Tucson, Ariz. The asset is situated on two separate parcels totaling approximately 383-acres. Financial terms of the transaction were not disclosed.

The CBRE Hotels’ team who negotiated the transaction on behalf of the seller, New York City-based MetLife, consisted of Jerry Hawkins in Tucson, Ariz.; S. Douglas Henkel in Norfolk, Va.; Lewis C. Miller in Atlanta, Ga.; Andy Wimsatt in Washington, D.C. and Jeff Woolson in Carlsbad, Calif. The buyer was Tucson, Ariz.-based HSL Properties.

Hawkins noted, “CBRE Hotels was pleased to represent MetLife in the disposition of this resort. The property was purchased by a local owner, HSL, who will bring a unique perspective to the Tucson resort market.”

HSL Properties has announced plans for $16 million in rehabilitation and capital improvements on the hotel portion of the property. The rehab work is slated to take place over the next 12 to 18 months, with most of the work happening in the slower summer months. HSL has also started the process to split off the resort’s country club and 45-hole golf course. The town of Oro Valley will purchase those assets plans to turn the 31,475-square-foot club building into a community center and contract out the golf course operations. HSL hopes to finalize that sale by March 1.

Originally built as a Sheraton Resort in 1982, the property was Tucson’s first major resort with more than 250 rooms on the original 121-acre site. The property was repositioned to its present Hilton affiliation in 2003. Today the 432-room Resort and Country Club benefit from over 100,000 square feet of indoor and outdoor event space as well as a shared synergy as Tucson’s largest golf and tennis facility with 45 holes of premier golf and 31 hard-surface tennis courts, collectively. Additionally, the property includes approximately 18 acres of developable land on Oracle Road.

Encantada, HSL Properties, WEB

HSL breaks ground on Tucson National luxury apartments

HSL Properties, Inc. announced the ground breaking of its new $46 million, 368-unit luxury apartment home community in the exclusive Tucson National area of the northwest Tucson metropolitan area. With the success of Encantada at Riverside Crossing, Dove Mountain, and Steam Pump, Encantada at Tucson National is the latest in its premiere Southern Arizona luxury apartment collection. The property is scheduled to open for lease-up in the summer of 2015 and will be completed in fall of 2016. HSL Construction Services, LLC is the general contractor and Eglin + Bresler Architects PC will design the project.

Residents at Tucson National will enjoy the unique amenities Encantada properties offer, which include:
•    Interior features: granite slab countertops, solid wood cabinets, smooth top range, full-size laundry with multi-cycle washer and dryer, spacious storage, 9-foot plus ceilings, wood-style flooring and upgraded carpeting, elegant fixtures, and more;
•    Loft residences with attached garages;
•    Energy efficient residences;
•    Designer clubhouse;
•    A 24-hour state-of-the-art fitness center;
•    32-seat, private, full surround sound movie theatre;
•    Indoor/Outdoor living space with professional kitchen;
•    Two resort pools with large spa and fully appointed private cabanas;
•    Complimentary coffee bar;
•    Dog ranch;

As part of the development, Shannon Road will be widened to five lanes north of Cortaro Road to Club Drive, and the Shannon Road and Club Drive intersection will be signalized to improve traffic flow in the area.
The other HSL Encantada properties in the Tucson metropolitan area are Encantada at Riverside Crossing built in 2011, located at 1925 W. River Road, Encantada at Dove Mountain built in 2013, located at 4688 W. Tangerine Road, and Encantada at Steam Pump built in 2014, located at 11177 N. Oracle Rd.

Campus Tucson International, CBRE, WEB

VXI Global Solutions leases 31KSF at Campus at Tucson International

CBRE has completed a 31,100-square-foot lease at the Campus at Tucson International in Tucson, Ariz. VXI Global Solutions, a Los Angeles, Cailf.-based company and leading provider of business process and information technology outsourcing, has leased the space. This lease marks VXI Global Solutions’ entrance into the Arizona market and the company plans to hire approximately 300 employees in the short-term, potentially 500 in the long-term.

Bill Di Vito and Jesse Blum with CBRE’s Tucson office negotiated the long-term lease on behalf of the landlord, HSL Properties of Tucson. VXI Global Solutions was represented by Jackson Meyer of Dallas, Texas-based Avison Young. The financial terms of the transaction were not disclosed.

VXI Global Solutions’ entrance into the Arizona market, specifically into Southern Arizona, is another great indicator of the steadily improving economy,” said CBRE’s Di Vito. “Over the past several quarters, user interest in our region has definitely been up. Major companies are looking at Tucson as a place to expand or locate and having the right real estate available makes it easier to get them here. The Campus at TI is well-positioned to attract quality tenants and this lease is a prime example.”

VXI Global Solutions has leased its 31,100-square-foot space at 6730 S. Tucson Blvd. in Building One at the Campus at TI. An industry leader in its space, VXI Global Solutions specializes in call center and BPO services, software development, quality assurance testing, and infrastructure outsourcing and will operate a call center from this location. Capitalizing on Tucson’s deep, well-educated labor pool, the company plans to hire approximately 300 new employees immediately and could potentially hire up to 500 employees in the future. A global company, VXI has operations across North America as well as in Asia and Latin America.

The Campus at Tucson International is a six-building, 253,393-square-foot business park campus that sits on 17.6 acres two blocks from Tucson International Airport. The property was formerly home to Texas Instrument’s operations in Tucson. HSL Properties purchased the property in September 2013 from the Dallas-based company and soon got to work making improvements to the existing buildings and grounds in order to reposition and bring new life to the project.

We’ve believed from the start that Tucson is a market that can and will attract major employers with the right kind of real estate,” said Humberto Lopez, president of HSL Properties. “Our goal has always been to attract companies that will add value to the Tucson market in the form of jobs and commerce and this lease with VXI does just that.”

A business campus that once housed over 1,400 employees, the Campus at Tucson International is a multi-use site that includes offices, labs, a conference center with a full commercial grade kitchen and cafeteria, as well as manufacturing and warehouse space. The multi-building campus is serviced by a sophisticated on-site central utility core that offers seven megawatts of power, which makes it an attractive option for users with significant power needs.  Entirely secured with multiple access points, The Campus at Tucson International is two blocks from the Tucson International Airport and within walking distance to hotels and restaurants.

CampusTI-2, CBRE

HSL Properties Repositions Former Texas Instruments Facility

CBRE has been awarded the marketing assignment for The Campus at Tucson International in Tucson, Ariz. The six-building, 253,393-square-foot business park campus sits on 17.6 acres two blocks from Tucson International Airport. The property was formerly home to Texas Instrument’s operations in Tucson.

William DiVito and Jesse Blum with CBRE’s Tucson office will handle the marketing of the property for owner HSL Properties of Tucson. DiVito and Blum also brokered the transaction for HSL, which purchased the property in September from Texas Instruments of Dallas, Texas for an undisclosed price. HSL is currently making improvements to the property with plans to reposition and bring new life to the project and the Tucson market.

We believe Tucson is a market that can and will attract major employers with the right kind of real estate. The Campus at Tucson International is that kind of real estate,” said Humberto Lopez, president of HSL Properties. “Our goal is to attract companies that will add value to the Tucson market in the form of jobs and commerce.”

This campus once housed over 1,400 employees,” said Omar Mireles, HSL’s executive vice president. “Our vision is to see that happen again. We are committed to bringing new businesses and the jobs that come with them to Tucson.”

The Campus at Tucson International is unique in that it offers a campus environment with amenities and infrastructure that are matched only by the properties that currently house Honeywell, Ratheon and IBM,” said CBRE’s DiVito. “It’s really well positioned to attract quality tenants and we’ve already experienced a flurry of interest from a variety of potential users after officially being on the market only a few weeks.”

We’ve had interest from companies looking to utilize the property for uses ranging from basic manufacturing to high-tech optics, and even back-office and data-center operations,” said CBRE’s Blum. “Some users have inquired about the entire property, while others have interest in portions of the property. That’s the great thing about The Campus at Tucson International; there are so many possibilities for potential users which opens us up to a really wide variety of user types.”

The Campus at Tucson International is a multi-use site that includes offices, labs, a conference center with a full commercial grade kitchen and cafeteria, as well as manufacturing and warehouse space. The multi-building campus is serviced by a sophisticated on-site central utility core that offers seven megawatts of power, which makes it an attractive option for users with significant power needs. Entirely secured with multiple access points, The Campus at Tucson International is two blocks from the Tucson International Airport and within walking distance to hotels and restaurants.