Conor Commercial Real Estate, together with partner, WHI Real Estate Partners L.P., announced the Lotus Project as its newest development. The highly visible development is located directly off the Loop 202 freeway and Kyrene Road in Chandler, Arizona.
The mixed-use employment park will consist of over 650,000 SF of Class A industrial and office space built in two phases.
“We look forward to seeing this site develop into one of the premier employment bases in Chandler,” Mayor Jay Tibshraeny said. “It’s a fantastic location that will attract a lot of positive interest from businesses looking for freeway access and a top-tier workforce.”
The firm will develop Phase I on a speculative basis, which includes four industrial buildings totaling 470,000 SF. Phase II will consist of either two office buildings totaling 200,000 SF or three industrial buildings totaling 216,000 SF. Phase I of construction will begin in September 2018 with completion slated for September 2019.
“The highly-desirable infill location within the Southeast Valley submarket, coupled with the low vacancy and influx of businesses expanding or relocating to the Chandler area makes this an exciting development,” remarked Sven Tustin, Senior Vice President of Conor Commercial Real Estate. “We are thrilled to work with WHI Real Estate Partners on another project undertaking and are confident that the Lotus Project will be well received.”
The site is situated in the desirable City of Chandler in the Southeast Valley region of Metropolitan Phoenix, only 15 minutes from Sky Harbor International Airport and 20 minutes from Downtown Phoenix.
“We’re excited to secure a sizable land position in the City of Chandler,” said Derek Buescher, Development Manager of Conor Commercial Real Estate. “Chandler has been great to work with and offers the lifestyle amenities and educated workforce today’s users require.”
McShane Construction Company is serving as the general contractor.