Nationwide Realty Investors announced today that Meritage Homes Corporation, a leading U.S. homebuilder, will relocate its headquarters to a new office building now under development at Cavasson, the region’s premier business district. In addition, Stealth Partner Group, Sigma Company’s Bar-S Foods, and Quantum Group have secured significant office spaces within the project and PITCH restaurant will debut later this year. Nationwide Realty Investors President Brian J. Ellis made the announcement.
“Cavasson continues to attract best-in-class brands and major employers,” said Ellis. “The flight to quality trend is prevailing. Company leaders are basing leasing decisions largely on the strength of our project and access to great amenities. This significant commitment from Meritage Homes paves the way for the next phase of office development at Cavasson, and we’re thrilled to welcome them to our world-class project.”
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“Meritage has been a proud member of the business community of the greater Phoenix metro area since 1985. Given our roots here, we’re thrilled to relocate our headquarters to this new building while continuing to grow our presence in the Valley,” said Phillippe Lord, CEO of Meritage Homes. “The offices will offer built-in technology to support our hybrid work environment paired with ample amenities which will help us retain and attract diverse talent and further our inclusive culture. The LEED-certified space also aligns with our ongoing ESG efforts and green building mission.”
The high-profile 150,000-square-foot multi-tenant building to house Meritage’s 80,000-square-foot headquarters will be located along the 101, in between the office building housing Choice Hotels’ technology division and the Cavasson East office building anchored by Nationwide Insurance. Heavily landscaped sidewalks and green spaces, an abundance of glass, and transitional indoor/outdoor spaces connect the buildings to the surrounding environment and nearby retail and restaurant amenities.
“The City of Scottsdale is thrilled that Meritage Homes, a true powerhouse in the housing industry, has chosen to stay in Scottsdale with their new offices at Cavasson,” said Mayor David Ortega. “This is a testament to Nationwide Realty Investors’ Cavasson development and our city’s tremendous ability to attract and retain nationally recognized companies that drive our economy, provide significant career opportunities, and share our passion for sustainability.”
Construction of the office building that will house Meritage Homes is now underway, with anticipated completion in fall 2023.
The newest tenants in the 440,000-square-foot Cavasson East building will be Scottsdale-based Stealth Partner Group, a specialized general agency offering stop loss and ancillary benefit solutions to brokers, consultants, and third-party administrators. The company will occupy 38,000 square feet of space with anticipated move-in this fall.
Bar-S Foods, part of the global Sigma Company’s brands portfolio, has secured 20,000 square feet of office space in the Cavasson East building as Sigma continues their rapid growth as the largest packaged food company by volume in North America.
Other notable new tenants include financial advisory firm Quantum, U.S. Money Reserve, and software company, Transact Campus, Inc.
In addition to the influx of major office tenants, the highly anticipated 237-room Hilton Hotel and Event Center at Cavasson is nearing completion and will open in late October. Adjacent to the hotel is a newly completed multi-tenant retail building fronting Hayden Road which will house PITCH. The popular scratch kitchen restaurant will feature its unique brand of rustic-modern, handmade pastas, meats and coal-fired pizza pies, with breakfast offerings and dedicated event space. PITCH is anticipated to open at Cavasson this fall.
Cavasson is owned and developed by Nationwide Realty Investors. The company has been actively developing and investing in real estate in Arizona for more than 30 years. Other signature developments in the region include Rivulon, the 3-million-square foot mixed-use project under development in Gilbert and Gainey Ranch Corporate Center in Scottsdale.
Fred Darche, John Cerchiai and Spencer Nast of Lee & Associates represented Nationwide Realty Investors in the office real estate transactions. Chris Stamets and Charles Skaggs of Western Retail Advisors represented Nationwide Realty Investors in the retail transaction.
