The Alter Group Completes Two Leases At Corridors — Phoenix
The Alter Group completed two leases at Corridors/2075 at The Alter Group’s 80-acre Corridors – Phoenix mixed-use park.
Michael J. Alter, president of the Chicago-based national corporate real estate development firm, announced the leases signed by Belcan Engineering and Kutta Technologies.
Belcan Engineering Corp. has leased 6,359 SF at Corridors. The company is a global provider of engineering services, specializing in design engineering, engineering analysis, computer modeling, and advanced manufacturing techniques.
Belcan supplies engineering and automation design/build services to industry leaders in the aviation, energy, marine propulsion, heavy equipment, and consumer product sectors. Founded in Cincinnati in 1958, Belcan has grown to more than 65 worldwide offices, 11,000-plus employees and more than $625M in annual sales.
Kutta Technologies has renewed and expanded at the park, leasing 12,049 SF. Kutta Technologies is a high-tech research and development, manufacturer and supplier of command-control-communications software applications, interconnects, components and subsystems for Department of Defense, Department of Homeland Security and National Institute of Occupational Safety and Health programs. The company will take occupancy of its expanded space Sept. 1.
Ryan Orton of Cresa Phoenix represented Belcan Engineering Group. Barbara Lloyd with NAI Horizon represented Kutta. Ashley Brooks of CBRE serves as exclusive leasing agent for The Alter Group on the Corridors property. Brooks and Kurt Rosene, Senior Vice President, National Development of The Alter Group represented the landlord.
“Phoenix is expected to add 53,000 jobs annually between now and 2016, driving demand for Class A office space in the strategic Deer Valley submarket,” Rosene said.
When completed, Corridors will contain approximately 1.5 MSF of single- and multi-story office buildings, as well as a 180-room Drury Inn. Located on the SEC of I-17 and Pinnacle Peak Rd., Corridors is two freeway exits north of the Loop 101 Freeway.