Cushman & Wakefield of Arizona, Inc. has been awarded the exclusive retail leasing assignment of 180,000 SF at USA Place, a 10.7-acre mixed-use development that will serve as the new home of USA Basketball.
“This project will be a draw to a diverse group of consumers,” said Summer Jackson, associate director with Cushman & Wakefield’s Retail Advisors. “Appealing to the professional, business traveler, sports enthusiast, athlete, student, resident or tourist, it will be one of a kind to the Arizona market.”
At 1.4 MSF, USA Place is expected to break ground next month at one of the busiest and most desirable business locations in the Valley – along Tempe’s historic Mill Avenue and University Drive.
At full build out, USA Place will feature amenities including:
>> 180,000 SF of retail space to include restaurants, shops and service oriented uses;
>> More than 240,000 SF of Class-A office space, including the new headquarters of USA Basketball.
>> A 390-room, 14-story, Four Diamond Omni Hotel and Conference Center;
>> 4,500-seat Event Center that will play host to USA Basketball, the Arizona Interscholastic Association, and community events;
>> More than 500 luxury apartments and lofts atop street-level retail.
The developer of the project is USA Place, LLC, which is comprised of three entities led by Susan Eastridge of Concord Eastridge, Inc., Michael Hallmark of Future Cities LLC, and Rob Harris of Harris Sports and Entertainment LLC.
“The Cushman Wakefield team was most responsive in understanding our retail goals for USA Place,” said Susan Eastridge, CEO of Concord Eastridge. “USA Place is an urban gathering place for retailers that will find synergies with one another within the major objectives of USA Place to showcase amateur sports, wellness, fitness with both national and local ‘best in class’ food and beverage and soft goods purveyors.”
High-end national tenants are expected to occupy the prominent retail spaces. Other retail options will include trendy wine bars and coffee houses, restaurants, an urban grocer and soft goods.
Adjacent to ASU and the Mill Avenue district, USA Place will also capitalize on a thriving arts and culture district that includes the Tempe Center for the Arts, Gammage Auditorium, local art galleries, cinemas, and concert venues.
In addition, the 50,000 SF event center floor will allow the Omni to stage exhibitions, banquets, and presentations – doubling conference center capacity.
“Specializing in mixed-use developments and the Mill Avenue district, Cushman & Wakefield is excited to be a part of this landmark project,” Jackson said.
Responsible for more than 4 MSF of product in Metro Phoenix, the Cushman & Wakefield team of Jackson, Courtney Auther and Brian Kocour will handle the retail leasing assignment at USA Place.