Cushman & Wakefield of Arizona, Inc. has been awarded the leasing for the proposed Playa Del Norte development at 979 E. Playa del Norte Drive.
The assignment is a build-to-suit by Irgens Partners and is planned for nine stories and approximately 103,000 SF of Class-A office space.
Play Del Norte offers convenient access to the Southeast and Northeast valleys, Sky Harbor International Airport and the loops 101 and 202. The site is ideal for any headquarters use or large tenant, offering unobstructed Valley views on Tempe Town Lake.
Cushman & Wakefield and Irgens are pursuing various corporate of office tenants. Plans call for the project to be completed as early as mid-2015.
Playa Del Norte offers space from 25,000 to 100,000 square feet with efficient 25,000-square-foot floor plates and ample parking. The team of Pat Devine, Greg Mayer and Jerry Noble of Cushman and Wakefield of Arizona, Inc. has been awarded the leasing assignment for Playa Del Norte.
The Tempe submarket has been very active over the past year, and has seen some of the most notable tenant activity in Metro Phoenix. State Farm made a sizable commitment at Marina Heights, a 2-million-square-foot, five-building campus on the bank of Tempe Town Lake.
LifeLock and Silicon Valley Bank have expanded their presence in the Tempe submarket. This bolsters an already impressive lineup of corporations in the area, including MetLife, Limelight, KPMG, Microsoft and Morgan Stanley at Hayden Ferry Lakeside.
“We are pleased to represent Irgens on their north Tempe site,” Noble said. “Tempe has become a very desirable business address in Phoenix and is in need of additional large blocks of office space to support the growing number of companies that want to be in the area.”
“With its premier location in one of the Valley’s most active submarkets, connectivity to the region and progressive design concepts, the market-relevant design presents a high-profile opportunity for Class A, build-to-suit corporate users in Tempe,” said Jason Meszaros, Vice President and Arizona Market Manager for Irgens.