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plaza companies

Plaza Companies selected to lease three key properties

Plaza Companies has been selected by CNL Healthcare Properties to provide leasing services for three buildings on the HonorHealth John C. Lincoln Medical Center campus in Phoenix.

The three buildings — Lincoln Medical Plaza I, Lincoln Medical Plaza II and North Mountain Medical Plaza — combined total more than 73,000 square feet of medical office space, making them a key component of the medical center campus.

CNL Healthcare Properties, Inc., is a real estate investment trust (REIT) that focuses on acquiring properties in the senior housing and healthcare sectors, both stabilized and development, as well as other income-producing properties, real-estate related securities and loans.

The new buildings are the latest in several new additions to the Plaza Portfolio. Plaza was also recently selected to provide leasing services for three buildings on the Banner Arrowhead Hospital campus, as well as a large medical office building in central Phoenix.

Megan Reeves, Executive Vice President of Brokerage Services, and Perry Gabuzzi, Vice President of Brokerage Services, will manage leasing services on the properties.

“We are very pleased to be selected by CNL Healthcare Properties to lease these important medical office buildings,” Reeves said. “With the dynamic changes taking place with HonorHealth, there is a tremendous opportunity to ensure these buildings fulfill their potential and have a positive contribution to the John C. Lincoln campus.”

Rebecca Monroe, Vice President of Asset Management with CNL Healthcare Properties, said they selected Plaza Companies because of the firm’s three decades of experience in medical office leasing in the Valley of the Sun.

“Plaza Companies has an excellent reputation and strong relationships within the medical community in Arizona,” Monroe said. “We’re confident that they are the right team to ensure these three buildings attract high-quality medical practices that will contribute to the overall medical campus environment.”

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Plaza Companies, Duke Realty partner on new Banner building

Plaza Companies has partnered with a national real estate developer to build a new class-A medical office building on Banner Estrella Medical Campus in Phoenix.

Plaza is partnering with Duke Realty in a joint venture to build the project. Founded in 1972 in Indianapolis, Duke Realty has a significant national real estate portfolio, but this is one of their first entries into the Phoenix marketplace.

Plaza Companies was selected because of its extensive experience in medical office construction and development, as well as its experience in both construction and leasing on the Banner Estrella campus. Plaza Companies is one of the premier medical office real estate firms in Arizona, with a portfolio of properties Valleywide.  Duke Realty owns, or maintains an interest in approximately 141 million square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas.

The facility, located on the southeast corner of Loop 101 and Thomas Road, will be called Banner Estrella Medical Plaza II and will be designed to complement an existing building—also constructed by Plaza Companies—which opened on the Banner Estrella Medical Campus in 2005. The new addition to the campus will be a Class A, five-story, 70,000-square-foot building initially, with future expansion capabilities up to 125,000 square feet.  The building will boast a direct, pedestrian-friendly connection to the hospital, abundant parking and will be highly visible from the 101 freeway. The 50-acre medical campus is owned by Banner Health and a long term ground lease has been agreed upon by the parties for the development of this project.

Construction is anticipated to begin this year, and preleasing is underway with a number of tenants in current negotiations.  Similar to the first building on the campus, equity ownership in the building is available to physicians that sign leases prior to the building opening.  This program has been extremely successful for the physician owners of many of Plaza properties and offers an added unique opportunity for the tenants.

“We are looking forward to this project and building a facility that will complement the success of the first Medical Plaza on the Banner Estrella campus,” said Sharon Harper, President & CEO of Plaza Companies. “This is yet another sign of the growing need for healthcare services in the west Phoenix area. For years to come, this facility will serve thousands of people in need of medical care.”

The Banner Estrella Medical Campus is a 392-bed full-service acute care hospital specializing in bariatrics, cardiology, cancer care, pulmonology, maternity services and women’s health, neurosciences and orthopedics, among other specialties. Approximately 1,400 health care professionals and support staff work on site and a medical staff of over 700 physicians serve the West Valley communities of Avondale, Buckeye, Glendale, Goodyear, Litchfield Park, Peoria, Surprise, Tolleson and west Phoenix.

Banner Estrella is part of Banner Health, the leading provider of health care services in the Valley, with 11 hospitals. In 2010, Thomson Reuters named Banner Health one of the Top Ten Hospital Systems in the U.S.

“We couldn’t be more pleased to partner with such trusted leaders in medical office real estate,” said David Kaubish, Vice President of Finance at Banner Estrella. “This project will mean an expanded Medical Center campus which can better meet the demands of the West Valley.”

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Valley Leadership announces 2015 CEO Advisory Circle

Valley Leadership, the region’s premier leadership organization, announced its 2015 CEO Advisory Circle membership.  The CEO Advisory Circle will help Valley Leadership hone its focus on meeting future leadership needs in a fast-paced, ever-changing landscape.

The nine 2015 CEO Circle leaders were selected from diverse industries for their expert perspective on leadership, and for their long-standing commitment to and understanding of the Valley.

“The CEO Circle goes beyond a traditional advisory board format,” said Don Henninger, CEO Advisory Circle facilitator, “These leaders are not only committed to the success of Valley Leadership, they are dedicated to leading the way in fostering and promoting strong leadership for our region’s future.”

Leaders will meet quarterly to discuss Valley Leadership’s programming and goals, and offer advice on how to meet the needs associated with changes in leadership.

“The opportunity to tap this level of experience and diverse perspective is important as Valley Leadership continues to lead the way in leadership development programming,” says Brad Vynalek, partner at Quarles & Brady LLP, Valley Leadership board director and alum. “Their advice will be invaluable to Valley Leadership and the greater community.”

Vynalek and Katie Campana, fellow directors and alumni, worked with Don Henninger to create the Circle on behalf of the Valley Leadership Board. 

“Valley Leadership is looking forward to receiving high-level advice from the members, which will be applied to the strategic work of the board,” said Campana, community affairs and community development officer for Wells Fargo.  “This is a key leadership project important to the future of the Valley.”

2015 Valley Leadership CEO Advisory Circle

Hon. Rebecca Berch, Arizona Supreme Court

Supervisor Steve Chucri, Arizona Restaurant Association

Dr. Michael Crow, Arizona State University

Derrick Hall, Arizona Diamondbacks

Sharon Harper, Plaza Companies

Edmundo Hidalgo, Chicanos Por La Causa, Inc.

Eileen Klein, Arizona Board of Regents

Paul Luna, Helios Education Foundation

Ed Zuercher, City of Phoenix

Don Henninger, CEO Advisory Circle Facilitator

ARC taps Plaza Companies to market two MOBs

Plaza Companies has been selected as the exclusive leasing team for a pair of thriving medical office buildings on the Arrowhead Hospital Campus in Glendale.

American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare), a real estate investment trust specializing in medical office buildings, senior housing and other healthcare facilities, has tapped Plaza Companies to lease 33,044-square-foot Arrowhead Medical Plaza I and 45,289-square-foot Arrowhead Medical Plaza II in Glendale.

The two Energy-Star rated properties are three-story medical office buildings located on the campus of Arrowhead Hospital. Arrowhead Hospital has grown from an 84-bed facility to a 217-bed, nationally recognized, full-service acute care hospital.

The medical buildings are in a high-growth area just south of the 101 Freeway at the intersection of 67th Avenue and Union Hills Drive. They boast strong tenant mixes, immediate access to the hospital and abundant patient and visitor parking as well as covered parking.

“Plaza is to thrilled to work with ARC Healthcare on such quality medical office space,” said Megan Reeves, Executive Vice President for Brokerage Services of Plaza Companies. “These are top-notch medical facilities in this ever-changing Phoenix medical marketplace, and their location on the Arrowhead Hospital campus presents a great opportunity for doctors and clinics.”

“Plaza Companies team has the strong knowledge base and experience needed in this marketplace and we couldn’t be more excited to partner with this talented team,” said Sean Leahy, Vice President of Asset Management for ARC Healthcare. “We have worked with Plaza on an increasing number of medical properties and know they will help make these buildings as successful as possible.”

Plaza Companies, based in Peoria, Arizona, is an award-winning leader in the development and management of medical office properties, technology and bioscience facilities, and senior housing communities.

Founded in 1982, Plaza Companies is a full-service firm with a portfolio of more than 5.5 million square feet valued at more than $1 billion.

 

2015 RED Award logo

RED Awards 2015: Best Mixed Use Project

On Feb. 26, AZRE hosted the 10th annual RED Awards reception at the Arizona Grand Resort & Spa in Phoenix to recognize the most notable commercial real estate projects of 2014 and the construction teams involved. RED Award trophies were handed out in 10 project categories, to six brokerage teams and safety, subcontractor, architect, general contractor and developer of the year awards were also presented. AZRE also recognized Sunbelt Holdings President and CEO John Graham with a lifetime achievement award. Click here to view all 2015 RED Awards Winners.

SkySong-3-Shot-4SkySong, The ASU Innovation Center — SkySong 3

Developer: Plaza Companies
Contractor: DPR Construction
Architect: Butler Design Group
Size: 145KSF
Location: Scottsdale
Completed: August 2014

SkySong, The ASU Scottsdale Innovation Center, brought new life into a former shopping mall by turning it into a complex of office, multifamily and retail spaces for innovation and economic development. More than 50 companies and 1,000 people conduct business at SkySong every weekday. It’s estimated that the complex will have an economic impact of $9 billion over three decades, according to the Greater Phoenix Economic Council. Though that’s the complex as a whole, SkySong 3 is 90 percent leased as of January 2015, and is LEED Silver certified. It is the integral next step in the build out of one of the most important mixed use projects in the Valley of the Sun. The design of the building is also forward-thinking, with “fins” along the exterior and “horizontal brows” along windows that shade the structure to reduce solar effects.

Paradise Valley Medical Office

ARC Healthcare Trust buys Paradise Valley Medical Plaza

Plaza Companies and USAA Real Estate Company have sold a signature medical office building, Paradise Valley Medical Plaza, in Phoenix to American Realty Capital Healthcare Trust in a $28.3 million transaction.

Paradise Valley Medical Plaza, an award-winning, 104,000 square foot class-A medical office building, was purchased by American Realty Capital Healthcare Trust in a deal that closed on Dec. 30. Plaza will continue to provide leasing, construction services and property management for the building, which more than 90 percent occupied at the present time.

The building, which is located on the Abrazo Paradise Valley Hospital Campus, has received Energy Star Certification from the U.S. Environmental Protection Agency and was named Best of NAIOP Spec Office Development of the Year in 2009.

The property was sold by RP Paradise Valley, LLC, a joint venture between Plaza Companies and USAA Real Estate Company to ARHC PVPHXAZ01, LLC, which is a subsidiary of American Realty Capital Healthcare Trust.

“Paradise Valley Medical Plaza is one of our flagship developments and a true point of pride in our portfolio and the USAA portfolio,” said Sharon Harper, President & CEO of Plaza Companies. “We are very proud of this exceptional property and are excited to be able to partner with American Realty Capital moving forward to ensure excellent service to the property owner and tenants well into the future. This is a strong and forward-thinking ownership group that will continue the tradition of quality at Paradise Valley Medical Plaza.”

Plaza Companies and American Realty Capital Healthcare Trust currently work together on Arrowhead Professional Center in Glendale, a facility owned by American Realty Capital Healthcare Trust and managed by Plaza.

“This is an outstanding, high-quality medical office facility and is an ideal fit for our portfolio in the greater Phoenix area,” said Benjamin Hatz, Vice President-Acquisitions with American Realty Capital Healthcare Trust. “Our commitment moving forward is to continue the same commitment to quality and excellence at this facility while working with Plaza Companies to ensure superior service to current and future tenants.”

bioscience

BioInspire earns ‘Excellence in Innovation’ award

BioInspire, the Peoria-based incubator for medical device companies, accepted an “Excellence in Innovation” award at WESTMARC’S Best of the West award ceremony this week.

The award is the latest recognition for BioInspire, whose goal is to help start-up companies in the competitive field of medical device innovative gain a competitive edge.

The BioInspire facility is a joint effort between Plaza Companies, the City of Peoria and BioAccel.   The Plaza Del Rio campus is the home of BioInspire is operated by BioAccel and is the brainchild of the City of Peoria Economic Development Office and Sharon Harper, the President and CEO of Plaza Companies. BioAccel offers first-class working space, technical and business assistance and collaborative opportunities.

A partnership between Plaza Companies, City of Peoria and BioAccel/BioInspire has produced results in the form of new jobs in the West Valley and in positioning Peoria and the West Valley as a hub for innovation and technology.

WESTMARC’s Best of the West Awards is the West Valley’s most prestigious business recognition event, celebrating the best in Western Maricopa County for more than two decades. The event, on Nov. 5, was held at Phoenix International Raceway and honors outstanding contributions to the economic development, innovation and quality of life in the West Valley. A diverse panel of outstanding leaders, specifically chosen for their community and business expertise and located outside of the West Valley, determines the winners from a large selection of deserving entries.

Awards are presented in the categories of Economic Engine, Excellence in Innovation and Quality of Life.

“BioInspire is especially deserving of an award that has the word ‘Innovation’ in it. BioInspire gives companies the chance to tap into business, marketing, research and development and other resources that give them the best opportunity for success,” Harper said. “With health care emerging as one of the country’s most important issues, now more than ever we need companies that can truly innovate in the medical field and this is what BioInspire is helping companies to do. It also means more jobs in the West Valley and will help to attract even more companies and more jobs.”

“We want Peoria to be a signature destination not only for visitors but for businesses,” said Scott Whyte, economic services director for the City of Peoria. “BioInspire reflects our message that we are looking to grow our economic base and that we will pursue partnerships, projects and initiatives that make sense and  help further this goal. BioInspire adds vibrancy and symbolizes the essence of innovation. It’s a perfect symbol for Peoria’s aspirations. We thank WESTMARC for recognizing the importance of this initiative with this award.”

“Great partnerships help foster innovation and drive economic success,” said MaryAnn Guerra, CEO of BioAccel. “That’s what we have with BioInspire, which is helping to bring jobs, products and ideas to Peoria in the form medical innovation.”

Plaza Companies, with office locations in Peoria and Scottsdale, Arizona, is an award-winning leader in the development and management of medical office properties, technology and bioscience facilities, and senior housing communities. Founded in 1982, Plaza Companies is a full service firm with a portfolio of more than 5.5 million square feet valued at more than $1 billion. For more information about Plaza Companies, visit www.theplazaco.com.

BioAccel is a unique, fully independent, non-profit organization created to provide funding and business expertise to develop early stage life science technologies that drive local economic development efforts. BioAccel accelerates the development of new companies, drives economic development, and creates new biomedical products, which over time will become available to the general public. For more, go to www.bioaccel.org.

The City of Peoria boasts 160,000 residents. To regular vacationers and smart home buyers, Peoria has long been one of the most desirable locations in the Grand Canyon State. 
The city of Peoria provides excellent municipal services by anticipating community needs, creating partnerships, promoting sustainability and embracing diversity.

Content Marketing

Digital Marketing Firm Pyxl Headed to SkySong

Pyxl, a leading full-service digital marketing firm recently named to the Inc. 5000 list for fastest growing privately-held companies, is going to make its new home at SkySong.

The company is relocating from another location on N. Scottsdale Rd. and will move to its expanded, 2,500 square feet location at SkySong in December.

Pyxl designs and develops custom websites, web applications and mobile apps that balance technology and design, while driving and monetizing web traffic. Additionally, Pyxl’s communication services include customized inbound marketing strategy development and integrated digital marketing and public relations campaigns. With offices in Boulder, Colo., Knoxville, Tenn. and Scottsdale, Ariz., Pyxl has gained a wide range of clients across the industries of healthcare, technology, education and retail. In August, Pyxl was named to the Inc. 5000 list of America’s fastest-growing companies for the second year in a row. The list is published annually by Inc. Magazine and ranks America’s fastest growing, privately-owned companies.

With the leasing agreement, Pyxl’s presence at SkySong is a perfect brand fit for a digital firm recognized for its innovation.

“A company dedicated to growth and to results-driven digital marketing makes a lot of sense for the culture at SkySong,” said Sharon Harper, president and CEO of Plaza Companies, the developer of the project. “They will feel right at home with SkySong’s shared focus on innovation and technology, and ultimately, growth.”

Brian Winter, CEO of Pyxl, said, “We are excited to move to SkySong, a home of innovators, forward-thinkers and entrepreneurs alike. We look forward to our continued growth while at SkySong and finding more collaborative relationships and opportunities in our own community.”

Pyxl is the latest addition to the growing SkySong project, which recently saw the completion of the SkySong Apartments and SkySong 3, the third office building at the property. With SkySong 3 achieving 90 percent occupancy well ahead of schedule, pre-leasing has accelerated on SkySong 4, with construction on the new building scheduled to begin in the next few months.

SkySong, the ASU Scottsdale Innovation Center, is 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
• 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 it 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. For more information on Pyxl, visit www.thinkpyxl.com.

Arrowhead, WEB

Plaza Companies awarded leasing for Arrowhead Medical Plaza II

Plaza Companies has been selected to manage property and construction services for a busy medical office building in Glendale.

American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare) has retained Plaza Companies for its 45,289-square-foot Energy-Star rated property known as Arrowhead Medical Plaza II.  The three-story medical office building is located on the campus of Arrowhead Hospital at 18700 N 64th Dr. in Glendale.  Over the years Arrowhead Hospital has grown from an 84-bed facility to a 217-bed, nationally recognized, full-service acute care hospital.

The on-campus medical office building is located in a high-growth area with immediate access to the 101 Freeway and is poised to benefit from increasing demand for medical services which are expected to surge over the next decade because of the new healthcare laws combined with the rapid growth of the over-65 age bracket. That’s especially true in retiree-heavy Arizona.

ARC Healthcare said they chose Plaza Companies for property management and construction services because of the company’s history and expertise in the medical office field, coupled with its strong local presence in metropolitan Phoenix.

“The Plaza Companies team has the experience and staffing depth needed in this marketplace,” said Sean Leahy, Vice President of Asset Management for New York-based American Realty Capital. “Having previously worked with the team at Plaza on numerous properties over the years, I’m confident they will deliver a high degree of responsiveness to our tenants and ensure the project’s success.”

“We are excited to work with ARC Healthcare on this quality medical office building,” said Sharon Harper, President and CEO of Plaza Companies. “We have helped property owners throughout the area maximize the potential of the buildings they trust in us, and we look forward to doing the same at Arrowhead Medical Plaza II.”

Harper said that the combination of the Plaza Property Management team that will be working on the property will be Dyanna Bentley, Jeanette Socaciu and Ed Slye.

“They each bring expertise and professionalism to each project,” she said. “They are a perfect fit for Arrowhead and will ensure it is a top-notch medical facility in this ever-changing Phoenix medical marketplace.”

SkySong III

Online advertising co-op signs lease at SkySong 3

An advertising innovator changing the way companies advertise online will set up shop at SkySong 3 early next year.

The company, adhesive.co, is relocating from east Indian School Road and will begin its five-year lease at SkySong on January 1, 2015. The layout of the space will be in line with the online ad company’s philosophy of a creative and collaborative environment.

The performance display online advertising company—where they like to say “the geeks are in charge”—helps drive incremental business for clients and is regarded as an industry leader with a fresh approach to online advertising. The adhesive team turns pages of code into advertising solutions for advertisers and publishers.

With the leasing agreement, adhesive.co’s presence at SkySong will help enhance its brand and a perfect fit for its collaborative environment.

“The innovative environment at SkySong will become even more dynamic with the addition of adhesive,” said Sharon Harper, President & CEO of Plaza Companies, the developer of the project. “They are online ad innovators and model collaborators who represent the best in entrepreneurial striving. We are thrilled they decided to come to SkySong, where their unique view of the world will be welcomed with open arms.”

Chad Little, one of the adhesive.co founders alongside Patrick Schwind, said: “Serial entrepreneurialism needs the right place to grow and prosper. Fortunately for Patrick and I, and our clients, we have found that place—SkySong. It’s the perfect fit for our approach, for who we are and for what adhesive is all about. We can’t wait to move in and meet our new neighbors and potential collaborators.”

The addition of adhesive.co is the latest addition to the growing SkySong project, which recently saw the completion of the SkySong Apartments and is nearing the completion of SkySong 3, the third office building at the property. With the adhesive.co lease, SkySong 3 is now at 88 percent leasing occupancy even before opening its doors. Leasing is currently ongoing for SkySong 4, the next office building at the project, with construction anticipated to begin by the end of 2014.

Mark Seale of Cassidy Turley was the leasing agent handling the transaction for adhesive.co. The Lee & Associates team of Craig Coppola, Andrew Cheney and Gregg Kafka represented the SkySong ownership group.

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 contact for introductions to researchers, faculty and programs to address their specific needs.

SkySong 3 Progress, WEB

Theranos leases 20KSF at SkySong 3

A major consumer healthcare innovator shaping the future of lab testing will plant a significant flag at SkySong, the ASU Scottsdale Innovation Center.

Theranos, based in Palo Alto, Calif., has leased a 20,000-square-foot wing at SkySong 3, making it one of the largest tenants in the entire SkySong project. Beating all expectations, SkySong 3 is now over 80% leased as it nears its opening later this summer.

The move by Theranos means hundreds of jobs will be created at SkySong in the short term, with that figure increasing significantly as the company continues to grow.

Founded in 2003 by Elizabeth Holmes, Theranos is working to shape the future of lab testing and the way health information is collected, analyzed, and communicated. Theranos, in the words of one media outlet, “could turn the diagnostics industry upside down” and has the potential to save Arizona taxpayers $1.3 billion dollars over the next decade. Their service provides Phoenix-area consumers with convenient access to less invasive and more affordable clinician-directed lab testing from blood samples as small as a few drops collected from a tiny finger stick. Theranos has a national partnership with Walgreens and has been rolling out its Wellness Centers inside Walgreens stores across the U.S., including 25 locations and counting in central Arizona.

With its SkySong agreement, Theranos is expanding its footprint in the Valley. The company currently has an office in Kierland, and its signature presence at SkySong is the perfect fit for its rapidly growing entrepreneurial endeavor. CBRE acted as the company’s commercial real estate agent.

Sunny Balwani, President & COO of Theranos, said the company was drawn to SkySong because of its growing reputation as a center of innovation and technology.

“The Phoenix-area community’s reception to our company has been excellent,” Balwani said. “Our commitment to innovation will create hundreds of new jobs and positively impact Arizona over the coming months and years. The SkySong center is an ideal fit for our company, and we are excited to be a part of the project.”

Sharon Harper, President & CEO of Plaza Companies, the master developer of the project, said that Theranos is exactly the kind of company that will not only grow and thrive at SkySong, but will further the project’s mission as a home to innovation and entrepreneurship.

“You really could not ask for a better match in terms of innovative culture,” Harper said. “Elizabeth Holmes is the epitome of the word “entrepreneur”. She has a true passion to change the way laboratory testing is done and could change the way we detect and treat disease. We are thrilled to have Theranos become part of the SkySong family and we know that they will feel right at home in our innovative setting.”

With SkySong 3 approaching full occupancy, leasing is now well underway for SkySong 4.  The four-story, 150,000 SF building which will front Scottsdale Road south of SkySong Boulevard, is scheduled to break ground in late 2014.  Along with SkySong 3 and 4, the SkySong development team is now leasing a planned 10,500 square foot retail building to be built on the northeast corner of Scottsdale Road and SkySong Boulevard. It’s part of the overall mixed-use vision for SkySong, which will include 1.2 million square feet of development when completed.

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 contact for introductions to researchers, faculty and programs to address their specific needs.

Sharon Harper Awarded Counselors of Real Estate Credential

Sharon Harper, CEO of Plaza Companies

Sharon Harper, CEO of Plaza Companies

Plaza Companies President & CEO Sharon Harper earned another important title to add to an already impressive array of them: Counselor of Real Estate.

Harper has been awarded the prestigious CRE (Counselor of Real Estate) credential by The Counselors of Real Estate, an international group comprising high profile real estate practitioners who provide expert advisory services to clients on complex real property and land-related matters.  The credential award was announced by the group and will be bestowed at an annual conference in October held by The Counselors, which will take place in Boston.

Harper’s forward-thinking commitment has helped make Plaza one of the premier real estate firms in Arizona and has earned her and Plaza respect throughout the industry and across the country. She has also been honored recently as the “Lifetime Achievement Award for Most Admired Leader” by the Phoenix Business Journal in 2013. Before that, in 2012, she was named as one of the “50 Most Influential Women” by Arizona Business Magazine. Through her leadership, Plaza Companies has been honored as one of Arizona’s Most Admired Companies for 2011 by Arizona Business Magazine.

The CRE credential is awarded exclusively to those invited by their peers into the membership of The Counselors of Real Estate. The credential declares an advisor’s status as one of the most trusted professionals in the field of real estate and demonstrates peer recognition of outstanding intelligence, problem-solving ability, integrity and judgment in real estate.

“It is a huge honor to now be a part of a community of deep expertise, limitless talent, and warm camaraderie,” Harper said. “I look forward to serving as a key resource and serving with the standard of integrity, honesty and reliability that comes with being a Counselor of Real Estate. I would like to thank The Counselors of Real Estate for recognizing me for this honor, which I will use to elevate the real estate industry and take an even more active role in addressing the issues affecting it.”

Of the over 150,000 practitioners in commercial real estate today, fewer than 1,200 have been awarded the CRE credential.  The Counselors of Real Estate, established in 1953 and headquartered in Chicago, is an international professional organization whose members provide objective, reliable advice and counsel on matters affecting all forms of real property in the U.S. and abroad. Members include ranking representatives of real estate consulting, financial, legal and accounting firms as well as leaders of Wall Street, government and academia.

Plaza Companies announces new hires

Plaza Companies has expanded and enhanced its brokerage services team to better serve the company’s growing portfolio.

Michelle Fisher

Michelle Fisher

Plaza Companies has a 32-year track record as a leader in development, acquisition, management and leasing of medical office, senior living and research and biotechnology properties. The expanded team has attracted significant new talent which will strengthen already established affiliations as well as draw in new business.

The additions and enhancements to the team include:

Michelle Fischer has been promoted to Leasing Associate. Michelle’s decade of experience in Commercial Real Estate, coupled with her history in research, design and reporting provides a dynamic and diverse set of skills to provide the highest level of services to clients.

Bill Cook

Bill Cook

Bill Cook has joined Plaza as Leasing Associate and Construction Coordinator, providing 10 years of experience in business and real estate management. His background in research, brokerage and construction management will assure smooth transitions between the lease process and tenant move-ins.

Maricella Nunez has joined the firm as Plaza’s Lease Contract Administrator, making use of her 18 years of experience working as a paralegal for law firms in Arizona and California. Maricella’s extensive experience working closely with commercial landlords, title agencies, and Condo/HOA clients, will serve her well in her new position.

Maricella Nunez

Maricella Nunez

Heather Graham has joined the Plaza Team as the new Leasing and Marketing Administrator. Heather’s 16 years of experience in executive administration and human resources will certainly bring her success within the company.

Megan Sherwood, Executive Vice President Brokerage Services of Plaza Companies, said that the enhanced team will ensure Plaza continues to provide superb services to its tenants, partners and property owners.

“We are very excited about the way our team is growing and the outstanding professionals who are part of the Plaza family,” she said. “These individuals who are in new roles at Plaza will be providing important services for our tenants and partners, and we are confident they will exceed expectations.”

Tempe St Lukes MOB, Plaza Cos, WEB

Plaza Cos. to lease Tempe St. Luke’s MOB

American Healthcare Investors has chosen Plaza Companies to provide leasing for its building adjacent to Tempe St. Luke’s Hospital. The Tempe St. Luke’s Medical Office Building, a 59,808-square-foot medical complex at 1492 S. Mill Avenue in Tempe near Arizona State University, supports the hospital and is in the heart of Tempe, with freeway access, restaurants and shopping nearby.

Tempe St. Luke’s Hospital is an 87-bed full-service hospital and a campus of St. Luke’s Medical Center. It offers a range of medical services to care for a diverse and dynamic community.

With healthcare as the single largest and fastest expanding sector of the U.S. gross domestic product, demand for services is growing at a record clip. In Tempe, the St. Luke’s Medical Office Building will help meet the increasing demand for healthcare.

Perry Gabuzzi, Vice President Brokerage Services Plaza Companies, called the new addition to Plaza’s leasing portfolio a terrific opportunity for Plaza to help the ownership group reach its goals with the property.

“We look forward to working with American Healthcare Investors on this exceptional property,” Gabuzzi said. “The goal, in helping serve Tempe and the Valley as a whole, is to find tenants who serve healthcare needs of the community and at the same time help the owners maximize the property’s potential. Our experience in this realm gives us confidence that we can do the same for the Tempe St. Luke’s Medical Office Building.”

Megan Sherwood, Executive Vice President Brokerage Services, Perry Gabuzzi, Vice President Brokerage Services, and Michelle Fischer, Leasing Associate, will handle the leasing of Tempe St. Luke’s Medical Office Building.

Outdoor living room

SkySong creates outdoor work environment

Sometimes, a little fresh air is all it takes to get the creative ideas and innovation flowing.

So, as part of efforts to enhance an already exceptional work environment, SkySong, The ASU Scottsdale Innovation Center has created a new “Outdoor Living Room” work environment where employees working at the project can collaborate and conduct business while enjoying Arizona’s weather and scenic beauty.

The Outdoor Living Room space is the first of its kind in the Valley of the Sun, and includes a combination of stunning furniture and public spaces along with the wifi connectivity and power supply necessary for working in the 21st Century business world.

And the outdoor spaces will be expanded and enhanced in the coming months to prepare for the opening of SkySong 3 and other new features in the project.

The Outdoor Living Room includes comfortable chairs from renowned architect and designer Frank Gehry’s collection as well as high-top seating for meetings and collaboration. Hayes Architecture + Interiors is leading the project from a design standpoint, with the goal of creating a truly unique environment for interactive work and brainstorming.

It’s one of a number of steps being taken at SkySong to enhance the SkySong experience and create more connectivity in the project.

Sharon Harper, President & CEO of Plaza Companies, the master developer of SkySong, said the Outdoor Living Room spaces are part of the spirit of collaboration that has defined the project from Day 1.

“We are very proud of the work environment we have created for the companies at SkySong, where they can come together and make the most of technology to grow and enhance their businesses,” she said. “We heard from many people working at SkySong each day that they wanted more opportunities to interact with other professionals in the project, and we thought that creating inviting outdoor amenities was a great way of meeting that need for the companies working there.”

SkySong has already added food trucks on the fourth Thursday of each month as well as a First Friday trolley service into Old Town Scottsdale. These new additions will culminate with the opening of SkySong 3, scheduled to take place this summer.

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.

outdoor-living-room-plansCompanies 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 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.

333 West Thomas

Toronto investor buys central Phoenix medical building

A central Phoenix building that is a home for crucial medical centers that help thousands of people get well each year has a new owner.

A Toronto-based private investor purchased the medical office building at 333 West Thomas Road, which is across the street from one of the largest hospitals in the state, St. Joseph’s Medical Center (home to the world-renowned Barrow’s Neurological Institute and the Muhammed Ali Parkinson Center).

The seller retained Aaron Kuhl, Plaza’s Senior Vice President of Brokerage Services, as the exclusive representative based on his extensive experience with the medical and investment communities in Arizona.

Plaza’s leasing team has been actively marketing the 333 West Thomas building to new tenants for the past two years, with Megan Sherwood and Perry Gabuzzi of Plaza bringing the building from 50% occupancy up to 94% occupancy at the time of closing.

The investor selected the Plaza Companies team to handle all leasing, property management and construction responsibilities at 333 West Thomas.

“It was a pleasure to work with seasoned investors and brokers on all aspects of this transaction,” said Aaron Kuhl, Senior Vice President-Brokerage Services for Plaza Companies.

“333 W. Thomas is a great value with an irreplaceable location that will continue to serve its physician tenants well into the future.”

The Buyer had previously enjoyed a long-term relationship with Plaza Companies at Venture Court in Anthem. And Plaza was already enjoying a great deal of leasing success, having elevated 333 West Thomas from 50 percent occupancy to the current 94 percent occupancy over the past couple of years.

The 21,517-square-foot property’s tenants include Express Urgent Care Center, Central Phoenix Family Medicine and Phoenix Neurology and Sleep Center and Arizona Spine Center. The building, constructed in the 1960s, underwent several significant interior and exterior capital improvements over the years, the most recent in 2011.

The building is another solid building block in the Phoenix metropolitan area’s medical sector. Its new ownership represents stability in a medical sector that is in flux, with major health care regulation changes and with the increasing needs of the aging Baby Boomer population. Medical service providers are able to better serve patients by congregating their offices in one area, and in this case across from a major hospital.

Sharon Harper, President and CEO of Plaza Companies, said that the existing Plaza leasing team at 333 West Thomas led by Megan Sherwood and Perry Gabuzzi will be retained by the new owner. Additionally, the services of the property management team led Plaza’s Dyanna Bentley, and the construction services team led by Jon Stelzer and Susan Byram, also have been retained by the new owner.

AmericaNewsBanner

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.”

sharon.harper

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.

skysong

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.

rsz_rancho_santa_fe_center

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.