Tag Archives: Sunbelt Holdings

The "Class of 2014" advocates visit DMB Associates' masterplanned community Eastmark.

It takes two

Valley principals host young professionals in inaugural advocates program

A look around the room at a Valley Partnership Friday Morning Breakfast (FMB) reveals a who’s who of Arizona’s commercial real estate industry. You’ll see seasoned professionals sitting next to up-and-comers, and though these are an effective networking tool, Valley Partnership took the concept to the next level.

It created the Valley Partnership Advocates Program for young professionals. The program is a nine-month-long course for a “class” of 20 people under the age of 35 to meet with a new industry leader every month.

The inaugural program began last August and has included sessions hosted by prominent figures from DMB Associates, Inc., Vestar, Arizona State Land Department, Ryan Companies, Sunbelt Holdings, Evergreen Development, ASU and Macerich/WDP Partners. Many of the sessions were hosted by board members, including one held during a board meeting. “I did not understand the power of Valley Partnership and the people behind it until I attended that board meeting,” says advocate Nicole Mass, 35, Kitchell’s director of marketing.

The feeling is mutual. Bruce Pomeroy, founding principal at Evergreen Devco, has worked in the industry for 40 years. During that time, he has trained many young hires and has taught classes for the International Council of Shopping Centers. Pomeroy says of the session he hosted at Centerpointe in Goodyear that “the ‘students’ were very engaged and asked good questions.”

“I believe the most important issue was that the advocates wanted to spend more time with the developers during each monthly event,” says Vice President and General Counsel to Maven Universal Brett Hopper, who helped design the program. “We want to provide the advocates a greater opportunity to interact with senior executives and create long-lasting relationships.”

Stephanie Stephens, 27, marketing and project coordinator at Buesing, says the mentors emphasized the importance of getting involved in the real estate community. That typically starts with something as simple as the monthly Valley Partnership breakfasts, where Stephens heard about the program. Easton Mullen, 37, started his general contracting company Mullen Construction and Development in 2006 and has since built capital with the goal of becoming a developer. The advocates program, he says, created a foundation of contacts to use while his company evolves. “You can’t call these people up on the phone,” he says, “but if you’re part of the program, you can.”

The mentors encouraged community involvement and engagement within Valley Partnership’s committees and leadership roles. CBRE Sales Assistant Chris Marchildon, 28, was approached by board members at the suggestion of CBRE Executive Vice President Barry Gabel, about joining Valley Partnership’s Advocates Program.

sidebar“One of the first things I was told in this business was to ‘be a sponge,’” he says. “The second was to develop as many good relationships as you can along the way. Through the program, I was certainly provided the opportunity to learn success stories from the ground up as well as the chance to ‘soak up’ as much information as I could.”

Recent Denver transplant Kelly Kaminskas, 34, senior vice president at FirstBank, used the advocates program as an introduction to the industry. “It would have taken me years to piece together the information I received by being part of this group,” she says.

Tuition is $150. Applications are available on Valley Partnership’s website through July.

ryan

Marina Heights hosts National Fall Prevention Stand Down

Ryan Companies US, Inc., co-developer with Sunbelt Holdings and builder of Marina Heights at Tempe Town Lake, hosted Occupational Safety and Health Administration (OSHA) federal officials and Arizona Division of Occupational Safety and Health (ADOSH) state officials this week to honor the National Fall Prevention Stand Down. The purpose of the “Safety Stand Down” is to raise awareness of preventing fall hazards in
construction
.

ADOSH Assistant Director, Jessie Atencio was on hand to present Ryan Companies with a plaque commemorating the voluntary event. And after other presentations, Ryan Companies Safety Superintendent, Kyle Schoenberger invited all Ryan employees and Marina Heights’ 20 subcontractors to attend fall protection demos and view fall protection products, available for viewing at the site.

“We were happy to welcome OSHA and ADOSH representatives to Marina Heights on this important day. Safety is our number one priority and greater education, such as that being presented at the Safety Stand Down will help avoid accidents in the future,” said Schoenberger.

Recently, Ryan Companies also hosted Tempe and other local fire departments at the Marina Heights site to conduct high-rise building and crane rescue training exercises. Scenarios that were practiced included proper techniques for rescuing a person from a structure under construction, crane rescue procedures and using specialized equipment needed for these types of rescue.

Marina Heights is a 20-acre, $600 million mixed-use development that will include five office buildings leased by State Farm, retail amenities and a 10-acre plaza to be constructed during the next four years. The 2 million square foot project has been under construction for nine months, accumulating more than 250,000 safe man-hours with no loss time to date.

portland-on-the-park

Phase 2 of Portland on the Park to begin

The award-winning condominium community Portland Place will soon have an adjacent sister property that will begin construction late this year adding 170 true lofts and finished condos to the Downtown Phoenix Roosevelt Historic and Art District. The new urban living project is aptly dubbed Portland on the Park as it is situated between the three-acre Portland Park and the 32-acre Margaret T. Hance Park bordering Central Avenue. Towers of 4 stories, 12-stories and 14-stories will be completed by mid-year 2016, with homes available for sale beginning in the low $200,000’s and penthouse suites under $1 million. Limited reservations will begin mid-summer with presales occurring in the early fall.

“Portland on the Park is a continuation of Portland Place, the most successful condominium project created in Downtown Phoenix,” says Tim Sprague, principal of Habitat Metro, developer of both projects. “The new development will be built to the standards of Portland Place, including concrete construction, which adds structural integrity and stability for our homeowners while delivering a building that will be there for years to come. The team involved with this project are hand-selected because they are the best in the industry, all of whom are committed to creating homes of unmatched quality for the Downtown Phoenix homebuyer.”

For a project valued at over $75 million, Habitat Metro has assembled an expert development team to bring Portland on the Park to fruition. For the first time in a Downtown Phoenix residential project, Sunbelt Holdings has partnered to develop the urban living concept. The DAVIS Architecture team designed the first phase, Portland Place, winning the prestigious Golden Nugget Award for the best multifamily project in the West, and is designing the residential and commercial spaces for the second phase. Sunbelt and DAVIS bring years of residential expertise and quality commercial insight. Both firms are part of the development team of Marina Heights at Tempe Town Lake, which at two million square feet, is the largest single-user office project in Arizona’s history. Rounding out the team are attached housing expert Habitat Urban, Designated Broker David Newcombe. Urban living and lifestyle specialists Braun Allison from Vancouver and Scottsdale-based The James Agency are managing marketing and public relations.

Blurring the distinction between home, work and the neighborhood coffee shop, Portland on the Park will offer its residents an energized, metropolitan standard of living. The first floor 7,200 square foot commercial space will house a coffee shop, wine bar and restaurant providing a social space for residents and the Roosevelt neighborhood. Looking to the future, ample bike storage and electric car charging stations are built-in. A true downtown experience, the Central Avenue and Portland Street area has been rated a “very walkable 86” on WalkScore.com for the significant amount of offerings within walking distance.

The development is designed with generous community amenities including a resort-like pool on the ground level. An open-air gathering spot on top of the 14-story tower will give unobstructed views of the Japanese Friendship Gardens, lush parks and vistas of the mountain preserves as well as the greenery of the surrounding mature neighborhood. A state-of-the-art workout facility will also be available for resident use.
Home sizes range from 745 square feet to 2,381 square feet presented in 21 thoughtful and efficient floor plans. The lofts are true to the urban experience with exposed metal ductwork giving a modern appeal to a comfortable space. Finished condominiums offer homebuyers options of one, two and three bedrooms.

“With a metropolitan mixture of arts and culture, nightlife, boutiques, restaurants and sporting events, Downtown Phoenix is blossoming into the true epicenter of the Valley,” adds Sprague on the future of Downtown Phoenix. “The excitement continues to grow as projects like Portland on the Park attract exceptional partners like Sunbelt and DAVIS. Together, we are proud to help create a welcoming environment where people will affectionately call the area not just amazing or inspired, but most importantly, home.”

The Loop 303 interchange is under construction. Photo courtesy of ADOT.

Headed for a boom, the West Valley is ready to go

Clumps of curved freeway fragments balancing on massive pillars of concrete resemble a giant modern art sculpture greeting Interstate 10 travelers through the far West Valley of the Phoenix Metro.

Later this year, those “art” segments will gel into a multi-level interchange linking the I-10 and the Loop 303, and launch the area’s burgeoning commercial development into warp speed.

Kevin Czerwinski, Merit Partners

Kevin Czerwinski, Merit Partners

The new interchange “will be a game changer,” said Kevin Czerwinski, president of Merit Partners, broker for the 1,600-acre, master-planned business park PV303, which straddles the confluence of those roadways and stretches north along the Loop 303 to Camelback Road.

For nearly a decade, the West Valley, loosely defined as everything west of Interstate 17, has been quietly emerging as the metro area’s hotbed for commercial development. It has been fueled by dwindling East Valley land availability and affordability and better transportation access. After completion of the Loop 101, developers quickly gobbled up land along the freeway for homes, shops and businesses. Then they continued the westward expansion.

Now the Loop 303 is offering another close-in frontier and shovel-ready options for new and growing businesses to expand or set down roots in the metro area. The nearly completed semi-circle of highway linking the I-10 and the I-17 will provide a high-speed route to northern states, bypassing metro area traffic congestion — a boon to companies like Dick’s Sporting Goods, which recently completed a 720,000 SF distribution center in PV303 to service its Western U.S. stores, Czerwinski said. And to other retailers such as Macy’s, TJ Maxx/Marshall’s and Target, e-commerce giants such as Amazon, and high-end manufacturers such as Sub-Zero and Cookson Doors that ferry lots of merchandise intra- and inter-state.

It’s more than just big-box industrial sites popping up in the West Valley.

John Graham, Sunbelt Holdings

John Graham, Sunbelt Holdings

Acres of farm land or empty desert hide the fact that in the offices of forward-thinking developers and savvy city economic strategists, there are detailed plans for office, light industrial and retail centers, medical complexes and regional malls to be built on that un-shoveled land.

“The West Valley’s day is coming,” said John W. Graham, president of PV303 developer Sunbelt Holdings.

Sunbelt was a big player in the East Valley boom of the 1990s and early 2000s, developing residential communities from McDowell Mountain Ranch in Scottsdale to Power Ranch in Gilbert and mixed-use complexes such as Hayden Ferry Lakeside in Tempe. Graham says the same scenario is playing out west of Phoenix now. Land Advisors CEO Greg Vogel compares Goodyear today to Gilbert of a decade ago.

First came the houses
As available and affordable East Valley land dried up, a spate of residential building in well-designed West Valley communities such as Vistancia, Estrella and Verrado have attracted home buyers at all price points, Vogel said.

Greg Vogel, Land Advisors

Greg Vogel, Land Advisors

A whopping 35 to 40 percent of Phoenix metro area residents now live in the West Valley, Vogel said. And all those people need places to shop, bank, and find medical care.

“Residential drives everything,” he said.

Now supermarket-anchored shopping centers and big-box power centers are springing up, two regional malls are on the drawing board, and spec office buildings are breaking ground — despite Valleywide office vacancy rates topping 22 percent. The completion of the Loop 303 interchange will accelerate that trend as it eases drive time for those who work in Phoenix but live in the far West Valley — or want to, Vogel said.

Goodyear, which is in the enviable location at the foot of the new interchange, has been proactive pitching its bounty. That includes PV303 and Goodyear AirPark, a 267-acre, shovel-ready business park at Litchfield Road and Highway 85, said Sheri Wakefield-Saenz, the city’s development services director. And Wakefield-Saenz expects Westcor’s long-planned 1.1 MSF Estrella Falls regional mall to start ringing up sales — and sales tax — in 2016.

Sheri Wakefield-Saenz, Goodyear

Sheri Wakefield-Saenz, Goodyear

Wakefield-Saenz predicts that even more executive offices, high-end retail and high-quality manufacturing businesses will clamor for space in Goodyear during the next decade because of the in-place infrastructure and the educated workforce already living there.

Farther north in Surprise, the story is similar. In 2008, Sands Chevrolet built the first dealership in Prasada, a 4-square-mile, mixed-use development straddling the Loop 303. Now car buyers can shop at eight different dealerships at 303 AutoShow. And more are coming, said Jeff Mihelich, Surprise’s assistant city manager in charge of the Community and Economic Development Department. Neighborhood shopping centers are in the ground or on the drawing board as well, and another regional mall is pegged to land in Prasada, although no date has been announced.

Jeff Mihelich, Surprise

Jeff Mihelich, Surprise

But Mihelich doesn’t want to just provide shops and services and ease the daily commute for Surprise residents. He wants to lure more quality office and industrial employers so that residents can live, work and play in their hometown. Five years ago, Surprise reorganized its economic development department and goals to focus on becoming a major employment base, “concentrating on head-of-household jobs — people who will buy homes, go to restaurants,” he said. Major strategies included streamlining approval processes, persuading developers to pre-plan projects and build infrastructure before target tenants showed up, encouraging spec building, and aggressively marketing all those attributes, Mihelich said. That positions Surprise to take advantage of pent-up business expansion plans as the recent recession wanes, he said.

“When companies are expanding, they often have contracts in hand,” he said. Having property ready to build on can mean the difference between landing or losing a major employer, he said.

Optimistm Abounds
That optimism and pre-planning is not just happening in Goodyear and Surprise. Thanks to a wealth of available and affordable land, developers are eyeing West Valley cities from Avondale and Buckeye to Peoria and Glendale as future business hubs.

Justin Miller, Alter Group

Justin Miller, Alter Group

The Alter Group teamed up with property owner John F. Long to take advantage of the area’s growing popularity among home builders and buyers by developing three major business parks to attract employers. Algodon Center is a 1,000-acre mixed-use campus in Avondale and west Phoenix, Aldea Centre is a 150-acre business park at 99th Avenue and Bethany Home Road, and the 229-acre Copperwing Business Park is adjacent to Glendale Airport. All three have infrastructure and zoning in place and the flexibility to accommodate Class-A, back-office and light manufacturing operations, said Justin Miller, Alter Group vice president.

“The West Valley is a big component of our future,” Miller said. “It’s an area that Corporate America can use and expand because of the abundance of land.”

He’s not concerned about high office vacancies in the metro area. The easy commute for all those road-weary West Valley residents and shovel-ready land are compelling draws for big and small employers as they ramp up their businesses, he said. Valley dwellers who haven’t ventured west of the I-17 for years might be surprised to see the explosive growth.

“If people have not been to the West Valley in a while, they should come and take a look at us,” Mihelich said. “It’s truly a robust market. People outside of Arizona are noticing.”

Heidi Kimball, WEB

Heidi Kimball Appointed SVP at Sunbelt Holdings

Sunbelt Holdings has promoted Heidi Kimball, CPM, to senior vice president. Kimball oversees the real estate firm’s asset management and brokerage activities and serves as the company’s designated broker.
Kimball, who is a veteran of the Phoenix metropolitan real estate industry, has been with Sunbelt Holdings for 31 years. She has extensive experience in negotiating and facilitating all types of real estate transactions, entitlements, asset management and development.
Her expertise and leadership played an integral role in Sunbelt Holdings’ recent development partnership for Marina Heights, the 20-acre, $600M mixed-use project to be built over the next four years, located along Tempe Town Lake.
She also continues to oversee the marketing and management of ASU Research Park, a 320-acre research and development park for which Sunbelt Holdings has provided asset management services since 1992.
Actively involved in the local community, Kimball is a member of the board of directors and a past chair of Valley Partnership, and a trustee for the Valley Partnership Political Action Committee (VPAC.) She also is a member of Urban Land Institute (currently serving as a co-chair for the 2014 Trends program and on the Arizona ULI Women’s Leadership Initiative,) Rio Salado Enhanced Services Commission, Arizona Town Hall, National Association of Industrial and Office Properties, and the Institute of Real Estate Management.
She is a certified property manager (CPM), and holds an Arizona real estate license. Kimball earned a bachelor of arts degree in psychology from the University of Wyoming and her master’s degree in business administration from Arizona State University.

Marina Heights rendering courtesy of DAVIS.

More Than $1B In Valley Economic Development Projects Announced In Banner 48-Hour Period

 

It could be the best 48 hours ever for Valley development and commercial real estate: three projects and more than $1B in economic impact.

In the past 48 hours plans were revealed for three major investment and construction projects in Metro Phoenix, including today’s announcement of the $600M Marina Heights mixed-used development on Tempe Town Lake.

>> Grand Canyon University yesterday selected DMB Associates’ Eastmark development in Mesa for its $150M East Valley satellite campus. GCU has the right to purchase 100 acres at Eastmark with an option to add up to 60 additional acres for future expansion.

>> USA Place, LLC, has been selected to develop a new 330-room Omni Hotel and 30,000 SF conference center on a 10.5-acre site located at the SEC of Mill Avenue and University Drive in Tempe, subject to Tempe City Council and Arizona Board of Regents final approval of development agreements. In addition to the hotel and conference center, the $350M mixed-use development will include a new national headquarters and training center for USA Basketball, a 4,500-seat event center, 500 luxury apartments, 160,000 SF of retail and up to 200,000 SF of office space, including the new home for Arizona Interscholastic Association events.

The crowning jewel of the two-day development splash was announced this morning at the Carson Center on the ASU campus. Marina Heights is a 20-acre, mixed-use development that will include five office buildings leased by State Farm, retail amenities and a 10-acre plaza to be constructed over the next four years.

The 2 MSF project, considered the “largest office deal in Arizona history,” will be constructed on ASU land and developed by Sunbelt Holdings and Ryan Companies, US, Inc. Speakers included Gov. Jan Brewer, Tempe Mayor Mark Mitchell, State Farm Senior Vice President Mary Crego, ASU President Dr. Michael Crow, Sunbelt Holdings CEO and President John Graham, and Ryan Companies, US, Inc. CEO and President Pat Ryan and Southwest Regional President John Strittmatter.

“We are so proud to be a part of the team that is bringing this major corporate project and thousands of new jobs to Tempe. With the completion of this transit-oriented development, the vision for Tempe Town Lake will be realized,” Graham said.

Ryan Companies begins construction this month. The 20-acre mixed-use development will include five office buildings leased by State Farm, retail amenities and a 10-acre plaza that will be constructed over the next four years. The first 370,000 SF building is expected to be complete by mid-2015.

“Along with our design/build partner DAVIS, we are thrilled to unveil the renderings and design of this new campus today,” Strittmatter said. “We look forward to celebrating many more construction milestones over the next four years.”

Marina Heights is adjacent to ASU Sun Devil Stadium and ASU’s Athletic Facilities District.

“The groundbreaking demonstrates our partnership with State Farm who shares our strong commitment to education and the development of future generations. We look forward to opportunities to expand this partnership in new areas as advances in innovation and information technology provide opportunities for future programs,”  Crow said.

The new facility will provide claims, service and sales support to State Farm customers. Once completed, State Farm will have capacity for up to 8,000 employees in Metro Phoenix.

“We are pleased to be part of this collaborative project as we expand to a multi-functional facility in Tempe,” Crego said. “This is one of many changes to position State Farm to meet the evolving needs of our customers and better serve communities across North America.”

“We are proud State Farm has chosen Tempe for this major employment center,” Mayor Mitchell said. “This corporate expansion will be the catalyst for attracting thousands of jobs and even more quality development around Tempe Town Lake. We look forward to welcoming State Farm employees into our community and hope that Tempe will be their city of choice to live, work and play.”

“Arizona has cultivated one of the premier business climates in the nation, and companies are taking notice,” Gov. Brewer said. “I thank State Farm and its development partners for recognizing everything our state has to offer. This project is great news for the Arizona economy, and testament to our pro-growth principles and highly-skilled workforce.”

Award-winning architectural design firm DAVIS completed the design portion of the Marina Heights project, the single largest office development deal in Arizona history. It will include five buildings, ranging in size from 6 to 16 stories and spanning 20 acres along Tempe Town Lake.

The multi-building design will offer retail amenities including coffee shops, restaurants and fitness facilities. The site will also feature a 10-acre lakeside plaza, which will be open to the public. Designed to complement the Tempe skyline, the complex will be an iconic landmark developed with a visionary concept that is minimalist, elegant and functional.

“We presented a bold vision for Marina Heights and State Farm: Five glass and stainless steel tower monoliths that will shimmer in the desert sun — cubist cloud towers floating above the lakefront,” said Principal Architect and project designer, Richard Drinkwater, AIA.

“The towers are minimalist with pristine, prismatic forms sculpted with deep insets and terraces strategically incised to create interlocking volumes. Tower heights are differentiated for skyline effect and are covered entirely in clear, reflective and fritted glass and stainless steel, reflecting and refracting the environment. This presents unique, ever changing views of the building as one’s vantage point changes. The design also includes a richly landscaped urban plaza, framed by metal podium structures, that engages the lake and park.”

USA Place

Principals of USA Place, LLC, include Susan Eastridge, CEO of Concord Eastridge; Michael Hallmark, principal of Future Cities; and Robert Harris, CEO of Harris Sports & Entertainment.

At a board meeting on July 25, USA Basketball’s Board of Directors approved the move to Tempe and USA Place as the home of its new national headquarters and training center.

The location, described by the developers as one of the most important urban sites in the Southwest, is adjacent to ASU’s main campus and Tempe’s Mill Avenue District, a short walk to light rail stations and minutes from Phoenix Sky Harbor International Airport.

The mixed-use plan created by Future Cities emphasizes walkable urban neighborhoods with four- and five-story residential units above retail shops, restaurants and services. Parking is designed to be primarily below grade and in one parking structure at the corner of 10th Street and Myrtle.

The full-service Omni Hotel will be Tempe’s first four-diamond hotel. With 58 distinctive luxury hotels and resorts across North America, Omni Hotels & Resorts is recognized as a market leader for group and transient business as well as with leisure travelers. The adjacent 30,000 SF conference center will feature a grand ballroom capable of seating 1,000 for dining, a junior ballroom and meeting space.

The site’s other major anchor will be USA Basketball, which will relocate its national headquarters and training center to USA Place in the fall of 2015. Currently based in Colorado Springs, Colo., USA Basketball serves as the national governing body for men’s and women’s basketball in the U.S.

It is officially recognized by the United States Olympic Committee and the International Basketball Federation (FIBA) as being solely responsible for the selection, training and fielding of USA teams that compete in FIBA sponsored international basketball competitions, including the Olympics and World Championships.

Led by Chairman Jerry Colangelo, USA Basketball’s programming for men and women includes U16 (16 years old and under), U17, U18, U19 and the national teams. USA Basketball also features national teams for 3×3 competitions, and a youth development program which provides kids, parents and coaches with instructional and educational resources. USA teams are the reigning men’s and women’s champions in the Olympics and currently rank No. 1 in all five of FIBA’s world ranking categories, including men, women, boys and girls.

A new multi-court event center, with seating up to 4,500, will serve as the training site for USA Basketball primarily in the summer months and for regional youth and adult recreational and competitive athletics programming the rest of the year. A third USA Place development partner, former Phoenix Suns V.P. Robert Harris, will manage the facility and create original programming for the center including tournaments, camps, leagues and clinics.

“This is an exciting and an incredible opportunity that offers nothing but positives for USA Basketball,” Colangelo said. “USA Place will offer USA Basketball an excellent site for the development of its office headquarters, a training center and event center that will provide the organization with a first-class site for hosting junior level events and will allow USA Basketball to continue to evolve.”

“The new USA Basketball headquarters and training center will be first-class, state of art facilities, something I know we will be very proud of.”

In addition to USA Basketball, the Arizona Interscholastic Association (AIA) will also host programming at the event center, which will include post season state high school tournaments for boys and girls basketball, volleyball, wrestling, badminton and spiritline. High schools will also have an opportunity to participate in regular season “Games-of-the-Week” there. AIA is the primary governing body for high school athletics in Arizona.

The AIA’s Chuck Schmidt said he believes the move will create more opportunity for high school programs.

“We’re very excited to have a permanent home where we can host our events. Being able to share a home court with USA Basketball will be a remarkable experience for our kids,” he said.

Omni executives recognize the Tempe site and development concept as important to Omni’s brand.

“USA Place is our first property development in the Valley, which is important to our brand development strategy as well as for our guests,” said Mike Deitemeyer, president of Omni Hotels & Resorts. “The complex presents Tempe with great synergistic opportunities, and we are committed to ensuring that the Omni Tempe Hotel, and our team, is engaged Tempe community, Greater Phoenix region and state.”

The site is located next to ASU’s Tempe campus on land owned by ASU. USA Place, LLC, is entering into a long-term ground lease with a base term of 99 years. ASU and the City of Tempe have formed a partnership to support the creation of the conference center and as a result, the conference center will revert to public ownership after twenty years.

Construction of the project is planned to begin by year-end with the hotel, conference center, event center and first phase of residential, retail and office scheduled to open during the second half of 2015.

GCU at Eastmark

Other sites considered for the new GCU campus were Chandler, Gilbert, Queen Creek and Tempe.

“In selecting the Eastmark site, we were especially impressed with the integrated community concept DMB is creating,” said Brian Mueller, president and CEO of GCU.

“This environment will give our students, faculty and staff an exciting place to learn, work and play while being an integral part of the East Valley community. We believe our presence will benefit the entire region by providing the option of a low-cost, high-quality Christian education to all its residents,” Mueller said.

DMB’s Eastmark community will be situated on 3,200 acres in the center of the Gateway region in Mesa, just minutes from the Phoenix-Mesa Gateway Airport.

“We are thrilled to be the future home of GCU, its faculty, students and staff,” said Charley Freericks, president of DMB. “DMB communities feature a focus on lifelong learning and GCU’s unique model for post-secondary education will bring a wealth of learning opportunities to Eastmark and to all of the East Valley.”

Construction of the new campus is expected to begin in 2014, with a prospective opening date in 2015. The university’s plan is to purchase up to 160 acres located east of Ellsworth Rd. and Point 22 Blvd. The 7-year build-out of the campus will include offices and administration space, classrooms, labs, library, a student union, student dorms, recreational fields and parking.

“The East Valley, and specifically Mesa’s Gateway area, is emerging as a destination for high-quality higher education. We are honored to welcome Grand Canyon University to Mesa, Arizona’s newest college town,” said Mesa Mayor Scott Smith.

Until the opening of the new campus, the GCU team will have a space in Eastmark’s visitors and community center this coming year for prospective students to come and learn more about the school as well as the new campus.

So that they can begin offering classes in the fall of 2014, the university is looking into leasing space in the Eastmark area. When the campus opens in 2015, those students would then transfer to the new location.

 

Tempe Town Lake July 4th Festival

Tempe lands state's largest office development deal

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

Tempe Town Lake July 4th Festival

Tempe lands state’s largest office development deal

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

tempe

Ryan Companies US, Sunbelt Holdings To Co-Develop 2 MSF Multi-Use Office Development In Tempe

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

Valley Partnership

Valley Partnership: Partners 2012

Six partners tell why they chose to be involved with Valley Partnership and why they stay.

Markham Contracting

mike markham - markham contracting - AZRE Magazine May/June 2012Mike Markham Jr., vice president and chief operating officer at Markham Contracting, isn’t involved in many trade organizations.

“But I’ve chosen to stay in Valley Partnership because of the value it brings,” Markham says. “It goes beyond just the business connections, it’s about to the community service we do. That’s why we stay involved — Valley Partnership is moving forward and trying to be influential in the Phoenix area while remembering it’s important to give back to the community.”

The fifth-generation Arizonan established membership with Valley Partnership through the community project committee. Eight years later, he’s still involved with both Valley Partnership and the committee, which manages annual donations to local nonprofits to enhance facilities for children and those in need.

Markham began working in the construction industry in 1995, receiving his bachelor’s degree in construction engineering from Arizona State University in 1999. After several years at another company, he went to work for his father’s business, Markham Contracting, in 2001.

“We’re a family business my father started in 1977, so I grew up around Markham Contracting,” he says. “My dad founded it, and now we’re moving into our second generation — my sister and I are taking over the day-to-day operations, transitioning to the second generation.” 68 | May-June 2012

Sunbelt Holdings

heidi kimball - sunbelt holdings - AZRE Magazine May/June 2012Heidi Kimball, vice president and designated broker at Sunbelt Holdings, exemplifies the American Dream. She started working at the commercial real estate firm in 1982 as the receptionist, and worked her way up through decades of loyalty and dedication.

Kimball became involved with Valley Partnership in 1994, first participating in the state legislation committee. Her first year on the Board of Directors was in 1998, and, after several terms, she served as Valley Partnership president in 2002. Still active in the organization, she foresees Valley Partnership will continue its work as a channel between the public and private sectors.

“I think V.P. will carry on as the single point of contact for parties seeking resolution of a variety of development issues,” she says. “From a public policy standpoints, we provide the resources, the contact to the development community, as well as a bridge to municipalities and government to the citizens through village planning committees and neighborhood associations.”

Kimball, who says she’s proud to see more women entering the construction industry and earning leadership roles, notes that Valley Partnership’s diversity serves in its favor.

“I think Valley Partnership serves a unique role in being able to speak to, really, all sides of an issue by virtue of our diverse membership,” Kimball says. “We can address governmental, citizen and developmental concerns.”

Abacus-Abengoa

jeff chaves - abacus-abengoa - AZRE Magazine May/June 2012Jeff Chaves joined Valley Partnership four years ago because he shares common values with the organization — action and advancement.

“Valley Partnership has a very strong reputation for being the premier advocacy group in the Valley of the Sun, and I wanted to be part of that,” Chaves says.

Chaves spent the first 15 years of his career as a consulting hydrogeologist, and then ventured into business development with civil engineering firm Olsson Associates. After serving as director of business development at Kitchell, he accepted a position at Abacus-Abengoa as market sector leader and where he currently serves in a consulting and advisory capacity. Abacus-Abengoa is an international company applying innovative technology solutions for sustainable development.

The father of four, baseball coach and California native serves as a member of Valley Partnership’s Board of Directors. Chaves was enthusiastic when asked to join the board last year because Valley Partnership’s impact is a tangible, influential force, he says.

“When you look back 25 years ago, when Valley Partnership first started and industry professionals were trying to get an audience with legislators, for example, it was difficult,” Chaves says. “Now, they come to us. That, as much as anything, is a good indication of the powerful impact of Valley Partnership in the Valley.”

Chaves foresees real estate developers will emphasize sustainability in the future, both economic and environmental. Valley Partnership, he says, will remain a pivotal player in Arizona.

City of Phoenix

debra stark - city of phoenix - AZRE Magazine May/June 2012Debra Stark, planning director for the City of Phoenix, joined Valley Partnership in the mid-1990s when the organization was first forming and establishing professional ties throughout the Valley. She was working for Maricopa County at the time and recalls being pleasantly surprised when Valley Partnership representatives appeared at the county’s Department of Transportation meeting, hoping to collaborate.

“I thought, ‘That’s refreshing!’ ” Stark recalls. “They want to partner with us instead of us writing some legislation or ordinance and then them reacting negatively, and it’s better to partner than continue to fight. The next thing you know, I was drawn into the organization.”

Stark, who earned her master’s in planning from Arizona State, is on the city/county committee. The Wisconsin native says she’s remained loyal to the organization for so many years because of Valley Partnership’s tangible, constructive impact on the Valley.

“Valley Partnership brings a reputation of quality, and I think any Arizonan wants a quality city, so this organization knows how to reach out and promote that level of excellence,” Stark says. “They’re a voice in Arizona; they’re certainly a voice in Maricopa County and Phoenix, and they get involved for the right reasons, and that’s to improve the quality of life.”

Kitchell

dick crowley - kitchell - AZRE Magazine May/June 2012After graduating from the University of New Haven with a degree in civil engineering, Dick Crowley entered the general contracting industry in 1980. Deciding he found his niche, he stuck with the field. “I’ve been involved in projects in 20 states, including retail, commercial, healthcare, parking structures — a vast array of various projects,” he says.

Crowley has since spent his entire career in commercial construction, both in operational functions and in marketing and development. Crowley is eight years into a flourishing career at Kitchell, an employee-owned construction, real estate and contracting company operating primarily in the Southwest, where he serves as vice president of marketing.

Crowley is also an avid pilot, father to 4-year-old Grace, and a strong believer in sustainable expansion. He joined Valley Partnership two years ago.

“Both Kitchell and myself, personally, have a vested interest in our community, particularly in Maricopa County,” Crowley says. “Valley Partnership really has become the premier advocacy group for real estate development, and as such it has created an opportunity for its members to have unique access to the policy makers that influence development in our community.”

Crowley serves on the sponsorship and events committees, and particularly enjoys Valley Partnership’s Friday breakfasts. “There’s a networking function that people enjoy, but what keeps people coming back is that education component where they learn something.”

Ryan Companies US, Inc.

molly ryan-carson - ryan companies us - AZRE Magazine May/June 2012Molly Ryan-Carson is a legacy at Ryan Companies US, Inc., a national developer and commercial real estate firm. Her grandfather founded the company in 1938, blazing a trail for a family business that would eventually span three generations.

Ryan-Carson has been with Ryan Companies for 11 years. She served as retail development director for eight years, then earned a promotion to vice president of development in 2010.

She joined Valley Partnership at the recommendation of a colleague two years ago, when the commercial real estate market wasn’t exactly prospering.

“Though the last two years have been no picnic, it’s been very interesting to see Valley Partnership focus to maintain relevance and importance for individuals who are now looking for jobs, thereby strengthening the community,” Ryan-Carson says. “They really put their money where their mouth is, and they work hard to achieve important goals. Both myself and Ryan Companies are certainly active supporters; we believe in V.P.”

Ryan-Carson sits on Valley Partnership’s Board of Directors, where she says she’s established relationships and connections that have positively impacted her career. She also serves on the events committee and often frequents the Friday morning breakfasts.

“I remain involved because I feel Valley Partnership is out to make a difference for individuals at every level of commercial real estate and development,” she says.

For more information about Valley Partnership, visit their website at valleypartnership.org

AZRE Magazine May/June 2012

Ryan Companies

Ryan Companies US, DAVIS to Deliver 3rd Tower To Hayden Ferry Lakeside

Ryan Companies US, Inc., will build and begin leasing the third office tower at Hayden Ferry Lakeside in Tempe, it was announced at a morning press conference near the site of the new project. DAVIS will handle architectural duties.

Ryan Companies will develop the 10-story, 250,000 SF, Class A office tower at the corner of Mill and Rio Salado Parkway. DAVIS designed the building in 2007 and has made several design enhancements to this gateway building. Officials expect the project to break ground in 4Q 2012.

“This upgraded, clean, slightly more contemporary design is the appropriate design to complete the project and leave it looking forward, well into the 21st century” said Mike Davis, founder and director of Design at DAVIS.

The land is owned by an entity affiliated with Sunbelt Holdings, which acquired the property from SunCor in 2010. The Sunbelt entity will sell the land to Ryan for the tower.

The building is the first commercial high rise to break ground in downtown Tempe since 2007. The timing of this building could not be better. Much of the office space in downtown Tempe is now leased, leaving fewer space options for large companies to locate.

“We are pleased to partner with Ryan Companies on the next office tower at Hayden Ferry Lakeside,” said John Graham of Sunbelt Holdings. “We believe the more than 900 jobs that will eventually be located there will serve to enhance demand for additional residential and commercial development on and around Tempe Town Lake.”

Hayden Ferry Lakeside was conceived in 1999 by SunCor Development as Town Lake’s first development. The project consisted of three office towers and four residential properties. During the past 13 years, SunCor completed two of the planned office towers and two condominium towers.

“Hayden Ferry Lakeside was the first mixed-use development in downtown Tempe and the first development to build here at Town Lake. It’s appropriate that once again, the development once again leads the high rise construction industry,” Tempe Mayor Hugh Hallman said. “We thank Sunbelt Holdings and Ryan Companies for their investment in our community and their commitment to Tempe Town Lake.”

The future Phase III office building serves as a gateway piece of the development. The building design maintains the same boat-shaped, nautical theme as its predecessors. It is upgraded with a clean and slightly more contemporary expression that compliments the existing office buildings.

Building finishes will incorporate the notable cobalt blue glass, aluminum panels and horizontal mullion expression of the window system. The landscape and hardscape materials will be consistent with what has already been established previously with the metaphoric stream, blue paving, completing the design as originally conceived.

“Staying ahead of the upcoming demand, Ryan recognizes the need for additional Class A office space in Tempe. With Tempe’s strong and plentiful workforce and the location of Hayden Ferry Lakeside, developing and constructing a third tower will provide an excellent home for companies looking to relocate to Tempe,” said John Strittmatter, president of Ryan Companies US, Inc. Southwest.

CBRE will be the brokerage firm, officials said.

ryancompanies.com