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Plaza Companies Reports $28M in New Leases in 2013

Plaza Companies’ Brokerage Services Team, which expanded dramatically in 2013, ended the year with strong leasing numbers that bode well for continued momentum in 2014.

The leasing activity included a total $28M in new deals from 13 new and renewed leases comprising of almost 320,000 SF, as the commercial and medical office real estate market continued its recovery from the economic downturn.

The Brokerage Services Team was expanded in 2013 with the addition of Megan Sherwood, Perry Gabuzzi, Aaron Kuhl and Michael Morton, all of whom have a prominent presence in the Valley medical office marketplace. They joined Margaret Lloyd and Howard Schweibert of Plaza Companies in serving Plaza’s properties. The team also added Coles Hoffman and Michelle Fischer to help serve the company’s expanded portfolio.

The primary focus of Plaza’s leasing activity was medical office space, but the company also expanded its business development in commercial office, research and biotechnology and other key sectors.

The company also added several major properties to its leasing and property management portfolio, including new listings across the Valley and the addition of two large portfolios. In addition, Plaza was involved with a number of large lease deals in 2013, including:

—    Children’s Medical Group at Thunderbird Wellness Centre, more than 7,000 RSF and an overall value of $1.5 million.
—    Biltmore Ear, Nose and Throat, a 5,300 RSF space valued at $850,000.
—    SurgiCenter of Tucson, a 6,300 RSF space with a lease value of $1.4 million.
—    Banner Medical Group at Thunderbird Professional Center, a 19,000 RSF space with a lease value of $1.5 million.
—    Canyon Surgery, a 20,000 RSF space valued at more than $2.1 million.

“We were very pleased with what our enhanced Brokerage Services Team was able to accomplish in 2013,” said Sharon Harper, President & CEO of Plaza Companies.  “We expanded our leasing portfolio significantly over the past year while providing an exceptional level of service for both our property owners and tenants.

“We want to congratulate our Brokerage Services Team for their work throughout 2013, and we want also thank the medical and office brokers throughout the marketplace who worked with us this past year to find the right office spaces for their clients’ needs.”

Along with the leasing success, Plaza added several significant buildings to its Property Management portfolio, highlighted by the addition of LifePrint Health Center, a large Class A medical office building in north Phoenix. Some of the property management additions included:

—    333 E. Osborn, Phoenix, AZ
—    360 East Coronado, Phoenix, AZ
—    Lifeprint Health Center,  20414 N. 27th Avenue, Phoenix, AZ
—    Quantum Acquisitions, 5800 North 19th Avenue, Phoenix, AZ
—    Surprise Professional Center, 15331 West Bell Road, Surprise, AZ

Plaza also began construction on the third office building at SkySong, The ASU Scottsdale Innovation Center, as the iconic Scottsdale project continued to grow. The new 145,000-square-foot building will open this summer. The SkySong Scottsdale Apartments also opened in 2013, with additional phases coming on line in 2014.

“We are seeing an increase in overall market activity as the economy continues to recover, and we want to be well-positioned to make the most of new opportunities moving forward,” Harper said. “The steps we took in 2014 will help ensure Plaza Companies is fully prepared for the future, and we are excited about the many exceptional partnerships, relationships and projects we are involved in as we enter the new year.”

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Harper wins national economic development award

The Greater Phoenix Economic Council today announced that Plaza Companies President and CEO Sharon Harper has won a citizen leadership award from the International Economic Development Council (IEDC). The Citizen Leadership Award, part of the IEDC’s annual award series, is presented to a community or business leader who has been involved in economic development for at least 10 years.

Harper has been a board director at GPEC since it was founded in 1989. She was chairwoman of the board in FY2003 and has co-chaired GPEC’s International Council since it commenced in 2007. To date, one of her biggest accomplishments was her partnership with Arizona State University to open SkySong, the ASU Scottsdale Innovation Center. Since its 2007 inception, SkySong has generated an economic impact of more than $460 million for the region.

“Sharon was selected for this award because she is a stellar business and community leader,” GPEC President and CEO Barry Broome said. “I’m honored to have her longstanding leadership on GPEC’s Board of Directors and applaud her multifaceted efforts to improve the Greater Phoenix region.”

“The Greater Phoenix Economic Council has been front and center, leading job creation and business growth in the state of Arizona, and our communities and our residents benefit dramatically,” Harper said. “It has been such an honor to be a part of the economic engine that has supported the lifestyle, the educational opportunities and the job growth opportunities for today and for the future.”

Plaza Companies is a nationally-recognized real estate development, investment and management firm. Harper is active throughout the Greater Phoenix community, also serving on the board of directors for Virginia G. Piper Charitable Trust, Banner Health Foundation and Arizona Community Foundation, among others. She has been on GPEC’s board of directors for nearly 25 years and is the only founding board director to still serve.

GPEC also received a 2013 IEDC award for its monthly eNewsletter, GPEC Connection, which received a Silver Excellence in Economic Development award.

“The Excellence in Economic Development Awards recognize the Greater Phoenix Economic Council as being one of the leading organizations in the industry for innovation, creativity and successful strategies,” IEDC Chairman Paul Krutko said. “These awards are meant to honor the organizations and individuals who are dedicated to making a positive change in their communities.  The award represents an acknowledgment and appreciation for GPEC’s dedication to continuous growth within itself, as well as improving the industry overall.”

GPEC Connection is sent to more than1,600 individuals and stakeholders. The eNewsletter keeps readers informed about recent news relating to GPEC, lists upcoming GPEC events and includes articles highlighting regional advancement and spotlighting a regional municipality.  It also meets contractual obligations with GPEC’s member communities to report the previous month’s prospect and locate activity.

IEDC’s Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. These awards honor organizations and individuals for their efforts in creating positive change in urban, suburban, and rural communities.

KPNX TV, Channel 12 - Best of the Best Awards 2009 presented by Ranking Arizona

Transaction Creates New Partnership at SkySong

SkySong, The ASU Scottsdale Innovation Center has a new ownership structure after a transaction involving SkySong I and II, a 290,000 square foot, two-building office project located at Scottsdale Road and McDowell Road.

A partnership formed by Holualoa Companies, the ASU Foundation for A New American University, and Plaza Companies has purchased the entirety of the ownership in a transaction that closed on August 26, 2013. Financing for the acquisition was provided by Citigroup.

The same partners will also be starting construction of SkySong III, a third office property in the SkySong project. This new partnership represents a strong and continued collaborative focus on the cohesive technology, entrepreneurship, innovation, and education platform that positions SkySong tenants with competitive and distinctive advantages for their businesses.

During the period when the transaction was in escrow, leasing activity remained brisk at SkySong I and II, with more than 46,000 square feet of lease renewals and expansions in the past few weeks.

Stanton Shafer, Chief Operating Officer of Holualoa, said the transaction is a sign of the success of the project and the positive impact that SkySong has had on the Scottsdale area and the entire region.

“SkySong has had a tremendous impact on Scottsdale and on the Valley as a whole in aiding and strengthening economic development,” Shafer said. “With this transaction and with the start of construction of SkySong III, the project is truly well-positioned for tenants and companies to advance their business growth and success.”

R.F. “Rick” Shangraw Jr., CEO of the ASU Foundation, said the transaction is a sign of significant and ongoing investment into SkySong.

“SkySong has been a tremendous success story for Arizona State University and the ASU Foundation in furthering innovation and technology in Arizona,” he said. “We are now seeing a continued investment into SkySong in the form of this transaction and the start of SkySong III, which will have an even stronger impact on the region.”

More than 1,000 employees and 50 companies are already located on the SkySong property. Completion of SkySong III and IV and the 325-unit apartment property currently under construction will bring the total square footage of development at SkySong to almost 1 million square feet, and bring total invested capital at SkySong to almost $150 million.

“We are excited about moving forward with our new partnership and continuing to build one of the biggest success stories our community has seen over the past few years,” said Sharon Harper, President & CEO of Plaza Companies. “Existing tenants and prospective tenants both have come to realize the unique value proposition of SkySong. We offer something special that no other project in Arizona — or the entire country — offers.”

CBRE’s Kevin Shannon and Michael Moore in the firm’s Torrance, Calif., office, along with Bob Young, Steve Brabant, Glenn Smigiel and Rick Abraham of the Phoenix office, represented the selling entity. They were assisted by the Lee and Associates leasing team of Craig Coppola and Andrew Cheney.

The estimated construction cost of SkySong III is $32 million. The construction of SkySong III also includes a significant parking structure that will serve SkySong III and IV, as well as surface parking. Additionally, pre-leasing continues on SkySong IV, which would be located next to SkySong III and face Scottsdale Road. SkySong IV is fully permitted and shovel-ready, and the SkySong team continues to work with prospective anchor tenants.

SkySong, the ASU Scottsdale Innovation Center is a home to a global business community that links technology, entrepreneurship, innovation, and education to position ASU and Greater Phoenix as global leaders of the knowledge economy.

SkySong is a 42-acre mixed use development designed to:

• Create an ecology of collaboration and innovation among high-profile technology enterprises and related researchers;
• Advance global business objectives of on-site enterprises;
• Raise Arizona’s profile as a global center of innovation through co-location of ASU’s strategic global partners; and
• Create a unique regional economic and social asset.

Companies located at SkySong enjoy a special relationship with Arizona State University, which has more than 76,000 students at four metropolitan Phoenix campuses. ASU’s campus in Tempe is the single largest campus in the U.S., and is located less than three miles from SkySong.

In addition to locating its own innovative research units at the center, ASU provides tenants with direct access to relevant research, educational opportunities and cultural events on its campuses. Through ASU’s on-site operations, tenant companies have a single point of contact for introductions to researchers, faculty and programs to address their specific needs.

For more information on SkySong, visit www.skysongcenter.com or www.facebook.com/skysongcenter.

SkySong_Exterior_001new

Transaction Creates New Partnership at SkySong

SkySong, The ASU Scottsdale Innovation Center has a new ownership structure after a transaction involving SkySong I and II, a 290,000 square foot, two-building office project located at Scottsdale Road and McDowell Road.

A partnership formed by Holualoa Companies, the ASU Foundation for A New American University, and Plaza Companies has purchased the entirety of the ownership in a transaction that closed on August 26, 2013. Financing for the acquisition was provided by Citigroup.

The same partners will also be starting construction of SkySong III, a third office property in the SkySong project. This new partnership represents a strong and continued collaborative focus on the cohesive technology, entrepreneurship, innovation, and education platform that positions SkySong tenants with competitive and distinctive advantages for their businesses.

During the period when the transaction was in escrow, leasing activity remained brisk at SkySong I and II, with more than 46,000 square feet of lease renewals and expansions in the past few weeks.

Stanton Shafer, Chief Operating Officer of Holualoa, said the transaction is a sign of the success of the project and the positive impact that SkySong has had on the Scottsdale area and the entire region.

“SkySong has had a tremendous impact on Scottsdale and on the Valley as a whole in aiding and strengthening economic development,” Shafer said. “With this transaction and with the start of construction of SkySong III, the project is truly well-positioned for tenants and companies to advance their business growth and success.”

R.F. “Rick” Shangraw Jr., CEO of the ASU Foundation, said the transaction is a sign of significant and ongoing investment into SkySong.

“SkySong has been a tremendous success story for Arizona State University and the ASU Foundation in furthering innovation and technology in Arizona,” he said. “We are now seeing a continued investment into SkySong in the form of this transaction and the start of SkySong III, which will have an even stronger impact on the region.”

More than 1,000 employees and 50 companies are already located on the SkySong property. Completion of SkySong III and IV and the 325-unit apartment property currently under construction will bring the total square footage of development at SkySong to almost 1 million square feet, and bring total invested capital at SkySong to almost $150 million.

“We are excited about moving forward with our new partnership and continuing to build one of the biggest success stories our community has seen over the past few years,” said Sharon Harper, President & CEO of Plaza Companies. “Existing tenants and prospective tenants both have come to realize the unique value proposition of SkySong. We offer something special that no other project in Arizona — or the entire country — offers.”

CBRE’s Kevin Shannon and Michael Moore in the firm’s Torrance, Calif., office, along with Bob Young, Steve Brabant, Glenn Smigiel and Rick Abraham of the Phoenix office, represented the selling entity. They were assisted by the Lee and Associates leasing team of Craig Coppola and Andrew Cheney.

The estimated construction cost of SkySong III is $32 million. The construction of SkySong III also includes a significant parking structure that will serve SkySong III and IV, as well as surface parking. Additionally, pre-leasing continues on SkySong IV, which would be located next to SkySong III and face Scottsdale Road. SkySong IV is fully permitted and shovel-ready, and the SkySong team continues to work with prospective anchor tenants.

SkySong, the ASU Scottsdale Innovation Center is a home to a global business community that links technology, entrepreneurship, innovation, and education to position ASU and Greater Phoenix as global leaders of the knowledge economy.

SkySong is a 42-acre mixed use development designed to:

• Create an ecology of collaboration and innovation among high-profile technology enterprises and related researchers;
• Advance global business objectives of on-site enterprises;
• Raise Arizona’s profile as a global center of innovation through co-location of ASU’s strategic global partners; and
• Create a unique regional economic and social asset.

Companies located at SkySong enjoy a special relationship with Arizona State University, which has more than 76,000 students at four metropolitan Phoenix campuses. ASU’s campus in Tempe is the single largest campus in the U.S., and is located less than three miles from SkySong.

In addition to locating its own innovative research units at the center, ASU provides tenants with direct access to relevant research, educational opportunities and cultural events on its campuses. Through ASU’s on-site operations, tenant companies have a single point of contact for introductions to researchers, faculty and programs to address their specific needs.

For more information on SkySong, visit www.skysongcenter.com or www.facebook.com/skysongcenter.

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Construction Set To Begin on 3rd SkySong Building

Construction is set to begin on the third office building at SkySong, The ASU Scottsdale Innovation Center, continuing the momentum on one of the most successful commercial development projects in Arizona over the past few years.

With the first two office buildings at SkySong almost fully leased, work will begin on SkySong III on August 19, with a groundbreaking ceremony scheduled for late September.   The 145,000 square foot building will be located along SkySong Boulevard, just southwest of the project’s iconic shade structure.

Arizona State University will lease 1 ½ floors of the four-story building, and current SkySong tenant WebFilings will be expanding their presence in the project by taking a full floor in SkySong III.   Plaza Companies will be taking office space on the first floor.  Combined, the three anchor tenants allow construction to begin with the building already 65 percent leased.

Like the first two buildings, SkySong III will be built to meet LEED Certification standards. The architectural design not only complements the rest of the project and the overall architectural quality of the Scottsdale area, it also includes significant consideration for sustainability. DPR is the General Contractor and Butler Design is the architect for SkySong III.

Plaza Companies continues to be the master developer of the project, in partnership with the Arizona State University Foundation and the City of Scottsdale. The financing for SkySong III is being provided by Alliance Bank of Arizona, and Holualoa Companies of Tucson has partnered with Plaza Companies for this project.

Sharon Harper, President & CEO of Plaza Companies, said the start of construction is a significant milestone and an example of the positive impact created by SkySong.

“We are very pleased to continue to build the vision for SkySong as a technology and innovation hub,” Harper said. “SkySong has already had a tremendously positive impact on south Scottsdale and on Arizona’s economic development efforts as a whole. Despite the challenging economic conditions of the past few years, SkySong continued to thrive and attract economic growth.

“Now, with this new building and with the coming completion of the SkySong Apartments, the impact of SkySong on our community will become even more profound and positive.”

Don Couvillion, Vice President of Real Estate for the Arizona State University Foundation, said the growth of the SkySong project has made the vision ASU President Michael Crow had for the project back in the mid-2000s a reality.

“SkySong was built to create a unique location for companies with a focus on innovation and technology, and the project has succeeded in becoming a hub for forward-thinking entrepreneurship,” he said. “The impact that ASU SkySong has had, as part of the overall SkySong vision, on dozens of companies over the past few years has been particularly significant in creating new jobs and economic impact.”

Scottsdale Mayor Jim Lane said that the impact of SkySong on southern Scottsdale has been critical in sparking new economic development in that part of the community.

“It’s just another sign of how that corridor is developing on all lines, with what’s promised, planned and underway,” he said. “SkySong has already made a significant impact in the Scottsdale and McDowell Road corridors in helping bring in new businesses and economic growth.”

The estimated construction cost of SkySong III is $32 million. The construction of SkySong III also includes a significant parking structure that will serve SkySong III and IV, as well as surface parking.

Additionally, pre-leasing continues on SkySong IV, which would be located next to SkySong III and face Scottsdale Road. SkySong IV is fully permitted and shovel-ready, and the SkySong team continues to work with prospective anchor tenants.

More than 1,000 employees and 50 companies are located on the SkySong property. Completion of SkySong III and IV and the apartments would bring the total square footage of development at SkySong to more than 900,000 square feet.

SkySong, the ASU Scottsdale Innovation Center is a home to a global business community that links technology, entrepreneurship, innovation, and education to position ASU and Greater Phoenix as global leaders of the knowledge economy.

SkySong is a 42-acre mixed use development designed to:

  • Create an ecology of collaboration and innovation among high-profile technology enterprises and related researchers;
  • Advance global business objectives of on-site enterprises;
  • Raise Arizona’s profile as a global center of innovation through co-location of ASU’s strategic global partners; and
  • Create a unique regional economic and social asset.

Companies located at SkySong enjoy a special relationship with Arizona State University, which has more than 73,000 students at four metropolitan Phoenix campuses. Its campus in Tempe is the single largest campus in the U.S., and is located less than three miles from SkySong.

In addition to locating its own innovative research units at the center, ASU provides tenants with direct access to relevant research, educational opportunities and cultural events on its campuses. Through ASU’s on-site operations, tenant companies have a single point of contract for introductions to researchers, faculty and programs to address their specific needs.

For more information on SkySong, visit www.skysongcenter.com or www.facebook.com/skysongcenter.

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Plaza Companies Seeing Strong 2013 Thanks To Expanded Brokerage Services Team, New Properties

 

Plaza Companies is capitalizing on its expanded Brokerage Services Team and a significant expansion of its medical office and commercial portfolio by posting strong numbers for 2013 so far.

The company’s Brokerage Services team has closed leasing deals comprising 155,220 total SF so far in 2013, a strong showing despite continued challenges in the commercial and medical real estate markets. The total value of the transactions so far in 2013 is $12.5M.

The primary focus of Plaza’s leasing activity was medical office space, but the company also expanded its business development in commercial office, research and biotechnology and other key sectors.

The company also added several major properties to its leasing and property management portfolio, including 900,000 SF in new listings in Phoenix, Scottsdale, Mesa and the West Valley.

The strong numbers are a direct result of the expansion several months ago of Plaza’s Brokerage Services Team, which includes by Megan Sherwood, Executive Vice President; Aaron Kuhl, Senior Vice President; Perry Gabuzzi, Michael Morton, Howard Schwiebert and Margaret Lloyd, all Vice Presidents; and Daniel Schwiebert, Associate. This team procured $3.5M in lease deals in July alone.

“We are pleased with the results we have achieved so far in 2013 thanks to the expanded Plaza brokerage team and the synergy and bench strength they have created,” said Sharon Harper, President and CEO of Plaza Companies. “Their work as a team has positively impacted all of our listings, increased the number of inquiries into our portfolio substantially, and created a significant amount of leasing momentum.”

The year so far has been highlighted by the addition of more than two dozen new properties to the Plaza portfolio, which has expanded the company’s reach dramatically. Some of the more significant leasing transactions so far this year include:

>> A new lease with Dr. Nandidi Sharma to expand her practice to Rancho Santa Fe Center in Avondale. Megan Sherwood and Perry Gabuzzi oversaw the transaction for Plaza Companies.

>> Naturopathic Health Associates expanded into new space at The Park on Camelback. Aaron Kuhl and Michael Morton handled the transaction for Plaza Companies.

>> Dr. James and Vicki Sherman sold their building at San Rafael Medical Center in Tucson to Jorge Alvarez, DDS. Howard Schwiebert oversaw the transaction for Plaza Companies.

>> Heart and Vascular Center signed a new lease at Banner Estrella Medical Plaza. Margaret Lloyd handled the transaction for Plaza Companies.

Plaza also continues to enjoy strong occupancy at SkySong, The ASU Scottsdale Center, which is being developed by Plaza and leased by Lee & Associates. Construction is scheduled to begin soon on the third commercial office building at SkySong.

“We believe the company is well positioned for the future and prepared to take advantage of the recovery in the medical office and commercial markets,” Harper said. “We are proud of the team that has been assembled at Plaza Companies and their capabilities in serving our property owners, tenants and business partners.”

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Plaza Companies Adds Industry Veteran Sharon Cinadr To Growing Property Management Team

 

On the heels of impressive growth in Plaza’s Brokerage Services team and the addition of more than 900,000 SF to the company’s leasing portfolio, Plaza Companies is also bolstering its Property Management team as well.

Industry veteran Sharon Cinadr joined Plaza Companies as senior portfolio manager. In this role, Cinadr will initially be managing eight properties consisting of approximately 365,000 SF of medical office and commercial office space.

Cinadr comes to Plaza with more than 25 years of experience in all aspects of commercial real estate. She is an accomplished property management executive with proven experience in commercial real estate asset and property management, development, acquisitions/dispositions, leasing and financing.

Before joining Plaza Companies, Cinadr was with Cassidy Turley Healthcare Practice Group in Phoenix, where she specialized in healthcare real estate leasing and sales. The majority of her career has been spent with Ensemble Real Estate Services, a firm specializing in the medical sector of commercial real estate, where for 20 years she worked in a variety of capacities including serving as associate partner in the company’s property management division.

Sharon Harper, President & CEO of Plaza Companies, said that Cinadr’s unique and extensive experience will be a true asset to the company’s Property Management team.

“Sharon is a true real estate professional who has a long track record of success throughout her career in providing exceptional service to property owners and tenants,” Harper said. “We are pleased to have her join our team and believe her contribution will be significant on the properties she serves.”

Cinadr said that Plaza’s presence in the medical office marketplace and the company’s reputation for quality service were major reasons why she accepted the new position.

“I am excited about the opportunity to join the Plaza team and work on these exceptional properties,” she said, “and I am looking forward to helping both our owners and tenants achieve great results in their medical and office environments.”

 

Plaza Companies

Plaza Companies Lands Leasing, Property Management and Construction Services Contract For Large Class A Medical Office Building in North Phoenix

Lifeprint Health Center Owners Select Plaza for Services on 81,875 SF Building

Plaza Companies has landed a significant leasing, property management and construction services contract for a major medical office building in north Phoenix.

The owners of Lifeprint Health Center, a Class A office building located at 20414 N. 27th Avenue near the John C. Lincoln Medical Center-North Campus, selected Plaza to serve the building after conducting interviews with companies throughout the marketplace. The building has major tenants including United Healthcare (UNH-NYSE) and Central Garden & Pet Company (CENT-NASDAQ), along with several other diverse medical uses.

Lifeprint Health Center is located on 2.35 acres in north Phoenix, and includes a 4  level parking structure. Its new ownership is Lifeprint Health Center, LLLP, a subsidiary of Talia Jevan Properties, Inc., of Vancouver, B.C., Canada, led by Harmel S. Rayat, President. Talia Jevan Properties, Inc. is a highly respected Vancouver based private company that is dedicated to owning, managing and developing the finest portfolio of commercial real estate.

This is their second property in the Phoenix metropolitan area, and they said they chose Plaza Companies for leasing, property management and construction services because of the companys history and expertise in the medical office field.

We were pleased to select the Plaza Companies team after reviewing the proposals we had in front of us because of their experienced team and strong background in the marketplace, Mr. Rayat said. We are confident that the Plaza leasing team will help make the building as successful as possible, while the property management team ensures it continues to be one of the best medical office properties in the area.

Sharon Harper, President & CEO of Plaza Companies, said that the combination of the Plaza leasing team that will be working on the property led by Megan Sherwood and Perry Gabuzzi, the property management team led by Plazas Dyanna Bentley, and the construction services team led by Jon Stelzer and Susan Byram, were the driving forces behind the new addition to the portfolio.

We are extremely proud of the medical office real estate team we have put together at Plaza Companies, and the expertise and professionalism they bring to each project, she said. Megan, Perry, Dyanna, Jon and Susan are ideally suited to ensure that Lifeprint Health Center attracts a strong and diverse mix of tenants and continues to be a premier medical office property for the north Phoenix marketplace.

With offices in Peoria, Scottsdale and Tucson, Plaza Companies is a full-service real estate firm specializing in the management, leasing and development of medical office and commercial office properties, technology and bioscience facilities, mixed-use properties and senior housing communities. Since 1982, Plaza Companies has established a proud track record as a competitive, connected and conscientious real estate firm with partnerships throughout the industries it serves. For more information, visit www.theplazaco.com.

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Plaza Companies To Take Over Leasing For Significant Valley Medical Office Portfolio

 

On the heels of adding major firepower to its already strong Brokerage Services Team, Plaza Companies has been awarded the leasing and brokerage services for a large medical office portfolio in Metro Phoenix.

Plaza Companies has been selected to lease this significant portfolio, which is more than 795,000 SF.

A large portion of the portfolio, which will be served by Plaza’s Michael Morton and the Plaza brokerage team, is formerly owned by Scottsdale Healthcare and near and on the Scottsdale Healthcare Shea, Thompson Peak, and Osborn campuses.

A major portion of the portfolio’s properties in Phoenix, Chandler, Mesa and Scottsdale will be overseen by Megan Sherwood and Perry Gabuzzi of Plaza.

Tom Sadvary, CEO of Scottsdale Healthcare, said that the addition of the Plaza team will be helpful to Scottsdale Healthcare’s effort to attract and retain quality physicians in the community.

“Plaza Companies not only has a reputation for excellence in the medical office industry for more than three decades, but it is involved in the community in significant ways,” he said. “Scottsdale Healthcare is pleased that Plaza will be working with the landlords and the physicians that serve our region and patients.”

Combined, the 15 new properties significantly expand the overall Plaza Companies leasing portfolio throughout the Valley of the Sun. It also expands Plaza’s already strong footprint in Scottsdale, where it is the developer and manager of SkySong, The ASU Scottsdale Innovation Center, leases and manages several existing medical office properties, and is the developer and partner of both Vi at Grayhawk and Vi at Silverstone, signature Continuing Care Retirement Communities (CCRC’s) in north Scottsdale.

Sharon Harper, president & CEO of Plaza Companies, said the addition of the portfolio is a direct result of Plaza’s overall experience and embeddedness in the Phoenix medical office marketplace.

“We are very pleased to work on these signature properties and are confident we will achieve great results in leasing these impressive facilities,” Harper said, “Plaza Companies values the experience and reputation the company has built over the past three decades and it is very gratifying to see great property owners trust Plaza Companies to serve their properties. We are committed to the success of their buildings and their tenants.”

The properties and locations now being leased by Plaza include :

• Grayhawk Medical Plaza in Scottsdale, near Thompson Peak Hospital Campus

• McDowell Mountain Medical in Scottsdale, near Thompson Peak Hospital Campus

• Mountain Vista in Mesa

• North Medical Plaza I, II, III and IV, in Scottsdale near the Shea Campus

• Osborn Medical in Phoenix

• Price Warner Medical in Chandler

• Scottsdale Medical Center near the SHC Osborn Campus

• Tatum Highlands in north Phoenix

• Thompson Peak Campus near Scottsdale Healthcare Thompson Peak Campus

• Town Center Medical near the SHC Osborn Campus

 

Megan Sherwood, Perry Gabuzzi, Michael Morton, Aaron Kuhl

Plaza Companies Creates 'Powerhouse' Brokerage Team In Medical Office Market

 

In a major move in the Arizona medical office market, Plaza Companies  announced it is expanding its team with some of the Valley’s most recognized and successful medical office brokers to create the Commercial Brokerage Services team.

After 31 years as one of Arizona’s most prominent and respected real estate firms specializing in the medical office sector, Plaza Companies’ Brokerage Services team will seek to expand Plaza’s local and national geographic reach and influence throughout  Maricopa County.

Joining Plaza Companies:

>> Megan Sherwood, who was formerly with Plaza Companies and most recently with Transwestern, rejoins the firm as Executive Vice President Brokerage Services, bringing with her a significant new medical office portfolio, along with her depth of market knowledge and relationships. She is considered one of the preeminent medical office brokers in the Valley with more than 1,200 deals completed.

>> Perry Gabuzzi, also formerly with Transwestern. He joins as Vice President Brokerage Services, specializing in providing comprehensive real estate solutions for medical and office tenants, and will bring over existing clients and work to expand the Plaza portfolio.

>> Michael Morton, as an agent at Medical Office Brokers, worked on third-party representation and will continue the successful partnership with MOB founder Aaron Kuhl as Vice President Brokerage Services for Plaza.

>> Aaron Kuhl, who as the founder of Medical Office Brokers, has represented community health centers, REIT’s, individuals and group practices and will now bring his extensive expertise in third-party leasing and investment sales to Plaza Companies as Senior Vice President Brokerage Services. He has serviced hundreds of clients and has brokered RED Award-winning projects in 2011 and 2012.

The brokers will also benefit from the support team members, Michelle Fischer and Coles Hoffman, who will also be joining Plaza and provide more than two decades of real estate experience to further bolster the company’s leasing presence and capacity.

“Effective and successful leasing is a relationship-driven business coupled with local and national market knowledge, energetic drive, intuitive sensibility, and a deal-making mentality,” said Sharon Harper, President & CEO of Plaza Companies.

“Plaza Companies is a community embedded organization, focused on the value of strong relationships, with a relentless focus on delivering great tenant satisfaction and superb building experiences. The new brokerage team members are regarded by their peers and by building owners and tenants as the epitome of excellence in the medical office marketplace. Their track record speaks for itself — they are extremely connected in the industry, and their transaction closing rates are superb.”

 

SkySong

SkySong hosts part of Innovation Summit

SkySong, The ASU Scottsdale Innovation Center will host one of the largest events in its history on Tuesday night as more than 900 people dine under the project’s iconic shade structure as part of ASU’s Education Innovation Summit.

The dinner at SkySong will feature two prominent speakers:

• “Above the Crowd with Bill Gurley,” a venture capital investor who was responsible for the launch of companies such as Amazon, OpenTable and Uber

• “Play It Smart, A Conversation About Making a Difference” with Former 49er & Super Bowl champ Ronnie Lott

More than 6,000 people visit SkySong every month for special events and to experience the project’s vibrancy and focus on innovation and technology. However, this dinner will be one of the largest events ever hosted at SkySong and the first time a large dinner has been hosted under the shade structure.

The dinner starts at 6 p.m., and is preceded by a reception and several other activities at SkySong related to the conference.

Sharon Harper, President & CEO of Plaza Companies, said the event is truly a showcase of how SkySong is having an extraordinary influence in the Valley’s business environment.

“This is an example of how SkySong can showcase the synergy of technology and innovation it provides through a major event celebrating those principles,” Harper said. “SkySong is a true destination for entrepreneurship and advanced thinking when it comes to business, and we are proud to be able to host this exceptional event for the ASU Education Innovation Summit attendees.”

Plaza Companies is the master developer of the project in partnership with the Arizona State University Foundation and the City of Scottsdale.

Along with the vibrant activity by the more than 1,000 employees and 50 companies on the SkySong property, work continues on pre-leasing SkySong III and SkySong IV, the next two office towers to be built at the project. The two buildings would include approximately 300,000 square feet of new development, and combined with SkySong I and II and the apartments, would bring the total square footage of development at SkySong to more than 900,000 square feet.

SkySong, the ASU Scottsdale Innovation Center is a home to a global business community that links technology, entrepreneurship, innovation, and education to position ASU and Greater Phoenix as global leaders of the knowledge economy.

SkySong is a 42-acre mixed use development designed to:

•    Create an ecology of collaboration and innovation among high-profile technology enterprises and related researchers;
•    Advance global business objectives of on-site enterprises;
•    Raise Arizona’s profile as a global center of innovation through co-location of ASU’s strategic global partners; and
•    Create a unique regional economic and social asset.

Companies located at SkySong enjoy a special relationship with Arizona State University, which has more than 70,000 students at four metropolitan Phoenix campuses. Its campus in Tempe is the single largest campus in the U.S., and is located less than three miles from SkySong. More than 16,000 students are pursuing degrees in engineering, science and mathematics fields, and ASU made $343 million in research expenditures in FY10, placing it among the top 20 research universities that do not have a medical school.

In addition to locating its own innovative research units at the center, ASU provides tenants with direct access to relevant research, educational opportunities and cultural events on its campuses. Through ASU’s on-site operations, tenant companies have a single point of contract for introductions to researchers, faculty and programs to address their specific needs.

For more information on SkySong, visit www.skysongcenter.com or www.facebook.com/skysongcenter.

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Plaza Companies Receives Prestigious AMO Accreditation

 

Plaza Companies recently received accreditation as an Accredited Management Organization (AMO) from the Institute for Real Estate Management for its property management services.

The AMO recognition is the only accreditation given to real estate management firms, and was awarded as a recognition of excellence in Plaza’s approach to providing property management to its clients.

Dyanna Bentley, CPM, Plaza’s Senior Vice President of Property and Facilities Management, spearheaded the accreditation process. Bentley oversees the management of Plaza’s portfolio of medical office, commercial, retail and research/biotechnology properties.

The AMO accreditation is given to real estate management firms that demonstrate to clients that they don’t just meet industry standards, they proactively work to set them. This coveted accreditation puts Plaza Companies amongst an elite group of 35 Arizona companies — out of more than 1,000 property management companies in the state. There are approximately 500 companies worldwide with such a distinction.

In order to earn the AMO accreditation from IREM, a real estate management firm must:

>> Demonstrate financial stability and integrity.

>> Designate a Certified Property Manager (CPM) to direct and supervise all real estate management activities. The CPM designation is renowned industry-wide as the most prestigious real estate management credential, and only awarded to those who meet IREM’s strict criteria in professional education, experience and ethics.

>> Adhere to the “Minimum Standards and Code of Ethics” for the AMO — which is strictly enforced by IREM — or risk losing accreditation. The code regulates the AMO firm’s relationship with clients and requires AMO firms to use the utmost care in promotional and operational procedures. AMO firms abide by the highest ethical standards and are committed to safeguarding their client’s investments.

Sharon Harper, President & CEO of Plaza Companies, said the designation is a symbol of Plaza’s commitment to quality service to the building owners and tenants it serves.

“We are very proud of this designation and grateful to Dyanna for her diligent work in meeting and exceeding the AMO standards,” Harper said. “At Plaza Companies, we do everything in our power to ensure we are providing the best property management possible for the benefit of both the property owners we work with and the tenants who entrust their businesses to us.

“This designation shows we have been successful in meeting the industry’s most stringent standards, and it is gratifying to all of us to enjoy this recognition.”

rsz_pdr

New Development Ramps Up on Plaza Del Rio Campus

 

The Plaza Del Rio campus in Peoria is experiencing a surge in new development thanks to two significant new projects that recently got underway.

Maracay Homes has received approval to build a new residential development called The Preserve at Plaza Del Rio, including 185 new homes on the Plaza Del Rio Campus. The new residential development will be built in three phases, and the homes will range in size from 1,496 SF to 2,499 SF. Maracay Homes expects to open a sales office on site in early 2013.

Additionally, Meridian Realty has just broken ground on a new senior living community called Silverado Senior Living. The project will be located in the heart of the Plaza Del Rio campus and will house 90 residents when complete.

Silverado’s Assisted Living Communities specialize in caring for those with memory impairments and will take advantage of the many medical practices and clinics located on the campus, which provide a variety of choices for seniors in the area.

The two new developments represent a significant portion of the undeveloped land remaining on the Plaza Del Rio campus, and will bring in more full-time residents that will support nearby businesses.

Sharon Harper, President & CEO of Plaza Companies, said the new developments will further enhance the overall business climate on the campus and create synergies with the medical offices currently located there.

“We are excited for these new projects to come to Plaza Del Rio,” she said. “They will have a very positive impact on the businesses and medical practices currently located on the campus, and will further enhance the diverse base of residential, business and senior living the campus already enjoys.”

The Plaza Del Rio campus is currently home to a wide mix of medical office, commercial office, retail, residential and senior living uses. It also is home to such community amenities as restaurants and cafes, a church, daycare, a school and other beneficial uses.

The Plaza Del Rio campus also recently became the headquarters of BioInspire, an incubator for start-up medical device companies, located in the Plaza Del Rio Medical Center I building. BioInspire is currently home to six companies and is envisioned to be a driving factor in economic development for the community in the coming years.

Harper said that Plaza Companies will continue to work to identify growth and development opportunities for the campus, as it sustains its reputation as a major business hub for Peoria and the West Valley.

“As the economic climate and real estate market improves, we are seeing more and more interest in this important campus for the community of Peoria,” she said. “We will continue to work to identify opportunities to help grow the campus and create more beneficial amenities and services for the tenants and residents it serves.”

Dr. Barry Stern, a urologist whose practice was one of the original ones on the Plaza Del Rio Campus 30 years ago, said the new development will improve the overall business environment by creating new synergies.

“We are excited about these new projects because they will further the vitality, energy and innovation taking place on the Plaza Del Rio campus,” he said. “It is already an exceptional place for medical practices and a number of other types of businesses, but these new residential and senior housing facilities will add yet another dimension to the positive work being done here.”

 

333 E Osborn New

Plaza Companies to Manage Significant Central Phoenix Property

 

Plaza Companies is continuing to ramp up its portfolio heading into 2013, and has already seen the benefits in a major new contract for property management in central Phoenix.

Plaza Companies has been selected to provide property management services for a notable office building at 333 E. Osborn Rd.

The property, which is overseen by Ashton Tiffany on behalf of the Arizona School Risk Retention Trust, is an important stepping stone into the central Phoenix marketplace for Plaza.

The 333 E. Osborn property is a 3-story, multi-tenant office building located in mid-town Phoenix, near the Phoenix Country Club and walking distance to the METRO Light Rail. It features an 82-foot-tall skylight and garden lobby, and is at 90% occupancy.

“We are excited and honored to be selected as real estate manager for such a prestigious owner,” said Carol Kleinberg, Director of Strategic Alliances for Plaza Companies. “Our partnership with Ashton Tiffany, the owner’s representative, will be focused on adding value to their premiere asset by providing advanced business solutions, energy efficiencies and excellent customer service.

Sharon Harper, President & CEO of Plaza Companies, said the partnership is part of Plaza’s efforts to expand its reach to more strategic areas of the Valley, including central Phoenix.

“We are very pleased to be able to provide services for such a significant property in the central Phoenix marketplace,” Harper said. “We are delighted that more and more property owners are seeing the value we are working so hard to create through our partnerships and extensive expertise in property management in the Valley.”

 

Anthem Medical Plaza is a 50,000 SF medical office center in Anthem that was developed by Plaza Companies. Plaza provides leasing and property management services for the project.

Plaza Companies Closes Strong Year With $25.7M in New Leases

 

Plaza Companies closed out strong in 2012 with more than $25.7M in new leasing activity at its properties.

The leasing activity included a total of 125 new and renewed leases comprising 285,700 SF, a strong showing despite the continued challenges in the commercial and medical real estate markets.

The primary focus of Plaza’s leasing activity was medical office space, but the company also expanded its business development in commercial office, research and biotechnology and other key sectors.

The company also added several major properties to its leasing and property management portfolio, including new listings in the West Valley, Tempe, central Phoenix and Scottsdale markets.

The Plaza leasing team is led by Margaret Lloyd and Melynn Wakeman, who are the company’s vice presidents of Brokerage Services.

“Plaza is proud to complete a solid year for our leasing portfolio,” said Sharon Harper, President and CEO of Plaza Companies.  “It was our 30th anniversary year, and 2012 was a great one for positioning our company for the future. As market conditions continue to improve, we are excited about the opportunities that are in front of us in 2013.

“We want to congratulate our leasing team for their hard work and great results in 2012, and we especially want to recognize and thank the medical and office brokers throughout the community who have worked with Plaza Companies this last year to service tenants and buildings. Plaza Companies and our team salute you.”

Plaza was also involved in several important new ventures, including BioInspire, a medical device incubator on the Plaza Del Rio Campus in Peoria built in partnership with BioAccel and the City of Peoria.

It also continued to enjoy strong occupancy at SkySong, The ASU Scottsdale Center, which is being developed by Plaza and leased by Lee & Associates. Construction began in August on the new apartments at SkySong.

“Plaza Companies will always seek out strategic partnerships and growth opportunities in a variety of sectors of the real estate market,” Harper said. “We appreciate the trust that our business partners have had in us over the years and are excited about the opportunities we’re starting to see in the market as a whole.”

rsz_arrowhead_professional_center

Plaza Companies, USAA Sell Arrowhead Center for $13.25M

 

Plaza Companies and USAA Real Estate Company sold Arrowhead Professional Center III, a 71,521 SF medical office at 18310 N. 79th Ave. in Glendale.

Arrowhead Professional Center, LLC, an entity formed by YAM Holdings (Dan Dahl, Manager) paid $13.25M to acquire the property.  The seller was RP Arrowhead, LLC, a partnership formed between Plaza Companies’ PDR 79, LLC and USAA Real Estate Company.

The sale was brokered by Cain Brothers RE, LLC of San Francisco and Plaza Companies of Peoria. Arrowhead Professional Center III is currently 89% leased.

The transaction includes an agreement between the new ownership and Plaza Companies where Margaret Lloyd of Plaza Companies will handle leasing for the project moving forward. Plaza Companies will also coordinate all construction services for the property.

“We are very pleased to reach an agreement on the sale of this exceptional medical office property,” said Sharon Harper, president and CEO of Plaza Companies. “We are also very pleased to continue to provide leasing and construction services moving forward to this strong new ownership group.”

Harper said that the sale is part of Plaza Companies’ ongoing efforts to pursue the right opportunities in property ownership, acquisitions, leasing and property management. The company continues to be aggressive on all fronts moving into the new year.

 

sharon.harper

Plaza Companies’ Harper honored for philanthropy

Sharon Harper, president and CEO of The Plaza Companies, will join other Arizona leaders in being honored for their excellence in philanthropy at the 28th Annual Association of Fundraising Professionals (AFP) Greater Arizona Chapter Philanthropy Leadership Awards Dinner. The signature event will be held Wednesday, November 7th, 2012 at the Sheraton Phoenix Downtown Hotel.

Harper is being recognized for her excellence as Outstanding Volunteer Fundraiser 2012. She has served with numerous organizations in the Valley including Banner Health, AZ Community Foundation, and Greater Phoenix Leadership.

The annual awards ceremony and event serve to recognize and celebrate Arizona’s finest fundraisers, volunteers, philanthropists, corporations, and media who serve our community through their dedication of resources, time and generosity. This year’s event is particularly significant as the President and CEO of AFP International, Andrew Watt, will be attending as a special guest.

“We’re thrilled to welcome Andrew Watt this year,” says Mark Walker, AFP Greater AZ Chapter President. “I have worked with Andrew for over 10 years on AFP’s International Committee, so it’s terrific to have him here representing the global nature of this event.”

In addition to Harper, this year’s event honorees include Frys for Outstanding Corporation, Carlos Galindo-Elvira from Valle del Sol for Outstanding Fundraising Executive, and John and Dee Whiteman for Outstanding Philanthropists.

“Decisions about how to use discretionary time, talent, and treasury to assist those in need are strategic decisions that impact our community. The people and companies honored at the Philanthropy Leadership Awards Dinner have gone above and beyond to make that difference,” says Event Co-Chair, Jackie Palmenberg, CFRE.

To purchase tickets or for sponsorship information, visit http://afpgreateraz.afpnet.org/.

Plaza Companies - Baptist Medical

Plaza Companies Boosts Leasing Numbers With $6.7M In New Deals

Plaza Companies enjoyed a strong second quarter of leasing activity while also enhancing its leasing team in the process.

The company signed a total of $6.7M in new leases in 2Q 2012, with a total of 35 lease transactions representing 88,000 SF.

The strong activity came as Plaza also took steps to enhance its leasing team. Margaret Lloyd has been promoted to a Vice President Brokerage Services position, and Melynn Wakeman has joined the Plaza team as Vice President Brokerage services.

Wakeman comes to Plaza after serving as the Manager of Network Real Estate Leasing and Property Management for John C. Lincoln Health Network, where she managed all components of the corporate real estate department including leasing transactions, property management, operations and tenant improvement projects.

Additionally, Carol Kleinberg joined Plaza earlier in the second quarter as Director of Strategic Alliances and her efforts strengthen the depth of the Leasing and Property Management Divisions. Kleinberg and the rest of the Plaza team including Howard Schweibert, Senior Portfolio Manager and Leasing Specialist; Scott Rubin, Senior Portfolio Manager, together successfully impacted the portfolio.

Some of the highlighted properties include:

  • Plaza Companies represented Arizona Kidney Disease and Hypertension Centers (AKDHC) in a new lease transaction for space in The Financial Center building in Phoenix. AKDHC signed a seven-year agreement for a 11,696 SF space at the center.
  • Paul Marischen, D.D.S. leased 1,100 SF at Plaza del Rio Dental Arts Plaza located within the Plaza del Rio medical campus.
  • Plaza Town Center signed 2,300 SF of retail-related leases.
  • Heart & Vascular Center of Arizona signed a lease for 1,658 SF at Boswell Medical Plaza in Sun City.
  • Vibrant Care Outpatient Rehabilitation Center renewed their lease on a 2,833 SF space in Palm Valley Medical Plaza in Goodyear.
  • Mendoza Medical LLC signed a new lease for a 1,572 SF space in Desert Life Medical in Tucson.
  • Sonoran Heart Institute signed a new lease for a 3,383 SF space at Baptist Medical Plaza in Phoenix.
  • Arizona Arthritis and Rheumatology expanded their space at Banner Estrella Medical Plaza with a new lease for an additional 2,117 SF in Phoenix.

“We were pleased to have enjoyed a very strong second quarter of leasing activity, while at the same time taking steps to further enhance our leasing team,” said Sharon Harper, President & CEO of Plaza Companies.

“The addition of Melynn and Carol, combined with the promotion of Margaret Lloyd to Vice President Brokerage Services, creates a formidable leasing team for our company that will lead to increased leasing activity well into the future.”

For more information on Plaza Companies, visit www.theplazaco.com.

Melynn Wakeman - Plaza Companies

Plaza Companies Expands And Strengthens Leasing Services With New Team Member

Plaza Companies has added a seasoned real estate professional to its leasing services team to expand the company’s depth and expertise.

Melynn Wakeman joins the Plaza team as vice president of Brokerage Services, and will be responsible for commercial real estate transactions as a Landlord Representative. She will perform market analysis, landlord monthly reports, marketing plans and assists in capital budgeting for a multitude of properties. She will also negotiate lease renewals, expansions and relocations.

Prior to joining Plaza Companies, Wakeman was manager, Network Real estate Leasing & Property Management for John C. Lincoln Health Network, director for Edge Commercial Real Estate Advisors and served as manager of the Pulmonary Services Division for Mayo Clinic, Scottsdale.

She also served as associate vice president for GPE Commercial Advisors, participating in a three-person medical office leasing team.  During that time she participated in a medical brokerage team with a focus on tenant representation.

Wakeman graduated from Grand Canyon University with a Bachelors of Science and is affiliated with many respectable local Boards such as the American Association for Respiratory Care, Arizona Society for Respiratory Care, Coalition of a Smoke Free State, Corenet Global Desert Mountain Chapter, and Toastmasters.

Sharon Harper, President & CEO of Plaza Companies, said the addition of Wakeman will only solidify Plaza’s reputation for providing the best in leasing and sales services.

“Melynn has a very successful track record in the commercial real estate industry, and specifically in the medical real estate,” she said. “Her background in leasing, sales, and tenant representation will be a crucial asset to Plaza Companies as we continue to expand our presence in the statewide marketplace.”

“I am pleased to have the opportunity to further my career by joining such a well-established company within the commercial real estate business,” Wakeman said. “The Plaza team already has a robust portfolio and I am very much looking forward to working with and contributing to the team.”

SkySong - Residential

Construction Set To Begin On SkySong Residential

SkySong, the ASU Scottsdale Innovation Center, is taking the next major step forward toward its eventual buildout, as construction is set to begin on 325 residential units.

The $44M project will mark the next major phase of the project, and will include the first residential units in the mixed-use project. The apartments will be built around the existing parking structure on the southeast portion of the project.

Construction will be done in four phases, with the first 83 units scheduled to open for occupancy in October 2013. All 325 units are scheduled to be built out by April 2014.

The apartments will feature innovative, modern architecture and a variety of floor plans to attract professionals who are employed in the area, as well as those who work on the SkySong campus. It will feature loft designs with private patios or balconies, granite and local stone accents, a large pool and Jacuzzi, an on-site exercise room and many other state-of-the-art features.

MT Builders is the construction firm responsible for the project buildout, and Lincoln Property Company has been selected as the property management firm for the project.

Don Couvillion, Vice President of Real Estate for the ASU Foundation, said the apartments will be highly competitive in the marketplace and serve a key need in the area around SkySong.

“We’re very excited to get this project under construction because we believe it has the potential to be highly successful,” Couvillion said. “The kind of high-quality residential component we are planning will meet a key market niche in the area and provide new residential opportunities for those wanting to live in this dynamic part of the Valley.”

Sharon Harper, President & CEO of Plaza Companies, said the residential component is a key part of making the SkySong vision a reality.

“SkySong has always been planned as a mixed-use development that provides an exceptional environment for living and working,” Harper said. “With this residential project underway, we are getting closer than ever to our goal of truly revitalizing this property and making SkySong an ideal destination for the kind of jobs and industries that will have a positive economic impact on our community.”

Plaza Companies is the master developer of the project, and although they are not directly participating in the construction of the apartments, other efforts on the site are underway as well. Plaza is developing the project in partnership with the Arizona State University Foundation and USAA Real Estate Company.

Work also continues on pre-leasing SkySong III and SkySong IV, the next two office towers to be built at the project. The two buildings would include approximately 300,000 SF of new development, and combined with SkySong I and II and the apartments, would bring the total square footage of development at SkySong to approximately 750,000 square feet.

SkySong, the ASU Scottsdale Innovation Center is a home to a global business community that links technology, entrepreneurship, innovation, and education to position ASU and Greater Phoenix as global leaders of the knowledge economy.

For more information on SkySong, visit www.skysongcenter.com.

Plaza Companies - Margaret Lloyd

Plaza Companies Promotes Lloyd To VP Brokerage Services

Margaret Lloyd, previously the Plaza Companies’ medical leasing specialist, has been promoted to vice president of Brokerage Services.

Responsible for some of the most significant properties in the Plaza Companies portfolio, Lloyd also represents additional important institutional and privately owned properties throughout Arizona.

With more than 29 years of experience, Lloyd had previously worked with Grubb & Ellis Commercial Brokerage and later was recruited as VP of leasing for The Pederson Group. Since joining the Plaza Companies in 2010, she has focused on leasing and sales of more than 1 MSF of medical office properties.

She graduated from Arizona State University with a BA in Communications, serves on the Healthcare Leadership Council for the Greater Phoenix Economic Council, and is an active member of Lambda Alpha International.

The following properties are just a few listed within her portfolio:

  • Plaza Del Rio Campus: Medical Center I, II, III, V – Peoria;
  • Plaza Town Center – Peoria;
  • Boswell Hospital Campus (11 buildings) – Sun City;
  • Thunderbird Medical, Glendale;
  • Baptist Medical, Phoenix;
  • Paseo Village, Glendale;
  • Plaza Medical and Research I
  • Estrella Medical Plaza

A signature accomplishment under Lloyd’s leadership was BioInspire.  A collaborative effort and partnership between the City of Peoria, Plaza Companies and BioAccel, BioInspire is a major commitment to the medical device industry in Peoria.

Coupled with innovative incentives from the City of Peoria, and in conjunction with BioAccel, the operator, Lloyd successfully coordinated the efforts to finalize a state-of-the-art wet lab space build out to accommodate six medical device incubation companies and she is part of the leadership team recruiting medical device companies from around the country to the City of Peoria and to her buildings.

“Margaret has represented some of the finest developers, owners and tenants in the medical, retail, and office industries,” said Sharon Harper, president and CEO of Plaza Companies. “Her experience in landlord and tenant representation for both leasing and sales is just superb.”

“I am excited to grow in my new position within Plaza Companies,” Lloyd said. “I strive to provide exceptional service to our clients and tenants and will continue to work diligently on behalf of Plaza and the companies we partner with to create tremendous value for our clients in my new role.”

For more information on Plaza Companies, visit their website at www.theplazaco.com.

Plaza Companies - Carol Kleimberg

Plaza Companies Bolsters Business Development With New Team Member

Plaza Companies continues its organizational growth with a newly announced team member to provide additional depth to the expanding leasing and management divisions and to spearhead business development for the company.

Carol Kleinberg, RPA, joins Plaza Companies as director of strategic alliances.  Kleinberg will be assessing marketing opportunities and target markets, gathering intelligence, and helping generate/secure leads and provide for property management, leasing services, and construction management contracts for Plaza Companies.

With more than 25 years of experience in the field, Kleinberg had previously worked with McCarthy Cook, Transwestern, SPV Real Estate Services, and Trammel Crow.

A few of Kleinberg’s career highlights include:

  • Leases Procured: Total 2 MSF valued at $175M (Office, Retail, MOB, Mixed-use & Industrial)
  • Sales Procured: Total $160M (Office Projects, Shell Industrial Condos & Buildings, and Land)
  • Managed Property: Total 3.5 MSF valued at $500M (Office, Retail, MOB, Mixed-use & Industrial)
  • Ground-up Development: Total 700,000 SF valued at $65M (Office & Industrial)
  • Capital Improvements: Total $50M, Tenant & Building Improvements

Sharon Harper, President & CEO of Plaza Companies, said that this position is structured to maximize Plaza Companies’ existing reputation, assets, and talent through a very focused approach.

“Carol brings an impressive background in real estate to our team, and we are thrilled to add an individual with strengths in leasing and sales, asset, property & business management, and commercial development,” she said. “This is a tremendous opportunity for us to take advantage of her skillsets in order to serve our clients and tenants.”

“My career has been about accepting and tackling challenges, and creating value in all types of commercial real estate,” Kleinberg said. “I thrive on the basis of team work and am excited to perform with Plaza Companies in leasing, property management and development.”

For more information on Plaza Companies, visit their website at www.theplazaco.com.

Swanky Seniors - Sagewood, AZRE Magazine May/June 2012

Swanky Seniors

Sophisticated assisted living and senior care developments look more like resorts than the traditional ‘old folks home’

As America’s senior population swells to an unprecedented volume — 62 million seniors, almost double the number of seniors at the turn of the century — luxury senior care and assisted living development is on the rise in Arizona.

Thankfully, assisted living no longer means sending Mom where bingo is all she looks forward to. Many developers in the assisted living field are building contemporary, sophisticated senior care facilities to accommodate expensive tastes and active lifestyles. These residencies are opulent and lavish, more like resorts than the gloomy, industrialized “old folks homes” of decades past.

When considering livability factors, such as decreased mobility or heightened sensitivity to cold, Arizona’s flat terrain and temperate climate are a natural draw for seniors. In the past several years, senior housing has been the most active type of development in Scottsdale.

Anticipating the influx of a mammoth demographic, several senior care facilities are in the planning and developmental stages.

Orchard Pointe, a 104-unit assisted living apartment facility in Surprise, broke ground in March. Developed by Heritage Management Services and Telis Commercial Real Estate, Orchard Pointe will open in spring 2013.

Mark Huey, president of Telis Commercial Real Estate, says Orchard Pointe will “bring a Midwestern ethic of care and concern to the Valley, packaged in a high-luxury lifestyle.”

Mountain West Contracting is general contractor and RAR Architects is the architect.

In Tucson, The Freshwater Group is building a new assisted living community called Hacienda at the River.

Hacienda at the River will provide remarkable taste and services, from greenhouses on site to serve organic foods in dining facilities to an all-pets-welcome policy.

Hacienda will also raise horses on site for equine therapy for residents with memory affliction, dementia, and other animal therapy aids.

David Freshwater, president of the Freshwater Group, says the revolution in senior care is palpable.

“Our spas, workout rooms, and cafes look more like Starbucks and LA Fitness rather than the traditional old folks homes,” he says. “They really, truly have changed in design to reflect the different clientele than who we’ve been serving the last 25 years.”

Hacienda at the River is still in the design phase. “It will be assisted living, Alzheimer’s or what we call ‘memory care,’ as well as skilled nursing and rehabilitation,” Freshwater says.

Maravilla Scottsdale, which was scheduled to open in May, will also cater to epicurean tastes. Boasting multiple landscaped courtyards, a cinema, Internet lounge, chip-and-putt golf course, spa, and multiple dining venues, Maravilla Scottsdale is indisputably of the new generation of assisted living.

The 120,000 SF facility offers 178 apartment-style living units and 39 villa-type living units, plus common areas such as the lodge, fitness center, commercial kitchens, and an indoor swimming pool.

The Weitz Company is building Maravilla Scottsdale. It’s also the general contractor for Sagewood, a multi-phase retirement community comprised of 12 casitas, four villas and eight buildings housing independent living, assisted living and skilled nursing units in North Phoenix.

sagewoodSagewood offers diversity in the levels of care provided, often easing the transition from minimal to increased living assistance.

Future phase expansions are planned to complete this site’s development. Once completed, the community in its entirety will carry the promise of progressive living in an environment that emphasizes choice, flexibility and independence for its residents, says Kelly Billings of the Weitz Company.

Scottsdale’s The Colonnade, another resort-style assisted living facility, opened in 2004. Now, The Colonnade will break ground later this year on the second phase of construction, adding villa type housing units to its existing residencies.

The developer behind The Colonnade is Sun Health, an up-and-coming player in the healthcare industry.

“Our standard finishes are high end, including full GE appliance packages, wood line window covering, and ceramic tile flooring,” says Sharon Grambow, Sun Health’s senior living coordinator. “Residents can select premium package upgrades, including quartzite countertops and cherry cabinetry tile with diamond metal decorative inserts.”

Belmont Village Scottsdale, a three-story assisted living apartment building, contains of 136 units — 111 independent living apartments and 25 dementia care units — at the 100,000 SF facility. It sits on a 4.17-acre site with a courtyard pool and walking path.

Houston-based Belmont Village AP has 20 assisted living facilities in seven states, and opened its Scottsdale location in February. This project cost more than $30M, says Belmont CEO Patricia Will. Located southeast of 100th St. and Frank Lloyd Wright Blvd., the community was built by W.E. O’Neil Construction.

Vi at Silverstone also opened in 2010 on 32 acres and offers 270 independent-living units to Northeast Valley seniors. Developed by The Plaza Companies, built by Summit Builders and designed by DAVIS, the $195M project is all about individual preferences.

More importantly, says Sharon Harper of The Plaza Companies, it offers seniors an abundance of choices.

“People have all kinds of choices in terms of size and location, and they really can customize what they would like,” Harper says. “There’s a vibrancy embedded in the neighborhood and the greater community and that creates excitement and the opportunity to continue to be educated. We offer innovation, fitness and overall wellness.”

AZRE Magazine May/June 2012

Plaza Companies

Plaza Companies: Strong 3Q And More Than $8M In New Leases

Plaza Companies’ leasing team generated more than $8M in new and renewal leases in 3Q 2011.

The third quarter included 40 lease transactions totaling 88,000 SF throughout Plaza’s leasing communities in the West Valley, Phoenix, Scottsdale and Tucson.

The Plaza leasing team members involved with the 40 leases were Plaza Leasing Specialists Megan Sherwood, Bettina Hunt and Margaret Lloyd. Together, the leases and the company’s overall track record solidified Plaza’s place among the top 20 leasing firms in the Valley.

Some of the larger leases included:

  • Sonoran Life Solutions renewed and expanded their lease for 2,373 SF of space at Plaza Del Rio Medical Center II in Peoria.
  • Banner Medical Group committed to a 5-year lease at Thunderbird Medical in Glendale.
  • Najeet Gandhok, M.D. and David Kahn, M.D., of Sonoran Hematology, renewed and expanded their lease for 4,459 SF at Boswell West Medical Plaza in Sun City.
  • Family Practice Associates signed a lease for 3,538 SF of space in Paseo Medical and Dental in Glendale.
  • Heartland Health Therapy signed a 5-year lease at Estrella Medical Plaza in Phoenix.
  • Maryvale Pediatric Specialists signed a five-year lease for 3,317 SF at Rancho Santa Fe Center in Avondale.
  • George T. Christakos, DDS of Christakos Family Dentistry renewed their lease of 2,300 SF at Princess Medical Center in Scottsdale.
  • Darren Flowers, M.D. committed to an 8-year lease at Anthem Medical Plaza.

“We are pleased about the ongoing success on the leasing front, thanks to the focus by Plaza Companies team and their influence in the local commercial real estate industry,” says Sharon Harper, president & CEO of Plaza Companies. “This level of success really shows the expertise, depth of resources and reach our entire leasing team brings to each transaction.”

For more information on the Plaza Companies, visit plazano.com.