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05.15.2008 | 76,625 Sq. Ft. Lease Negotiation for Redflex Officestreet team represents Redflex Traffic Systems in the negotiation of a seven-year lease at Pinnacle Peak Commerce Center, located on the northeast corner of Pinnacle Peak Road and 23rd Avenue in Phoenix, Ariz. 
04.04.2008 | Phelps Dodge Tower Sells for $127M Officestreet team negotiates $127-million sale of Phelps Dodge Tower in downtown Phoenix. CBRE represented the seller, Sumitomo Corporation of America, on this ±400,000 square foot Class A high-rise development within Copper Square of Phoenix. 
12.11.2007 | Matrixx Initiatives, Inc. signs lease at Cornwell Technology Center Matrixx Initiatives, Inc, a high growth company engaged in the development and marketing of healthcare products, expands its operations and leases ±22,834 Building A of Cornwell Corporation’s ±56,634 SF Cornwell Technology Center. The property is located in prestigious North Scottsdale near the Princess Resort and offers Matrixx Initiates immediate access to Loop 101. 
10.23.2007 | Raintree Office Center sells for $21.1 Million Officestreet team negotiates the $21.1 million sale of Raintree Office Center, a 111,206-square-foot office property located at 8801 and 8901 E. Raintree Drive in Scottsdale, Ariz. Our team represented the seller, Pima Raintree Partners LLC (Byxbee Development Partners and Heyl Corp.) of Scottsdale, Ariz., in structuring the transaction. The buyer was Walker Business Plaza of Kent, Wash.
Located in one of the most prestigious office submarkets, the buildings offer an amenity-rich environment and ample parking. The property’s freeway positioning offers prime visibility for tenants, while the buildings’ design provides flexibility to meet their needs. Built in 2000, the Raintree Office Center was 100 percent occupied at the time of sale. 
10.22.2007 | La Curvata Breaks Ground! La Curvata, previously named Foothills Ranch, is a two-building development totaling 102,000 square feet. The property is located along the new Pima Road alignment, just north of Union Hills Drive at the intersection of Pima Road and Downing Olson Drive. The property is being offered for sale or lease. Brad Anderson, Luke Walker, Bryan Taute and Bryce Terveen represent the project’s joint-venture development team, Biltmore Holdings and LGE Design Build, both of Phoenix, as the marketing agents for the office buildings. For more information, visit: www.officestreet.com/lacurvata 
10.02.2007 | Construction Underway at Riverview Point Riverview Point, a Class "A" Lauth development in Mesa, broke ground on October 2nd. Phase 1 consists of two, 2-story office buildings totaling ±166,000. The property is ideally located on the border of Mesa, Tempe and Scottsdale, six miles east of the Phoenix Sky Harbor Airport. For more information, visit http://www.officestreet.com/riverviewpoint/.
08.30.2007 | Price and Willis Roads valued as one of the “Valley’s Hottest Intersections” Urban Land Institute announced Price and Willis Roads in Chandler among the top ten most exciting intersections within the metro area. This longstanding rural area, just south of the convergence of Loop 101 and Loop 202, is planned to boast 2.4 million square feet of office, retail, flex, and hotel space, along with residential expansion, making it one of the "Valley's Hottest Intersections." Source: http://www.bizjournals.com/phoenix/stories/2007/08/27/daily39.html
06.29.2007 | Officestreet team completes negotiation of ±325,000 square foot operation center for Ulta Cosmetics Ulta Cosmetics has committed to lease over ±325,000 square feet of corporate office and distribution space in west Phoenix. This new location, which should be complete by year end, will house Ulta Cosmetics western regional facility. 
06.12.2007 | Promenade Corporate Center sells for $88 Million Phoenix-based The Pederson Group has sold The Promenade Corporate Center in North Scottsdale for $88 million. The buyer is Levine Investments LP, a Phoenix company that purchased the retail portion of the Promenade from The Pederson Group in 2005. The transaction included both phases of the office development totaling ±250,000 SF. The OfficeStreet team negotiated the sale transaction for the seller and has been retained as the leasing agents for the project. Phase I is 99% leased and Phase II has ±64,000 SF available. 
06.08.2007 | Douglas Allred Company recently purchased ±23 acres at Park Place The Douglas Allred Company, of San Diego, CA, recently acquired an additional ±23 acres at Park Place in Chandler, Arizona. In April, The Allred Co. purchased ±38 acres with the plans to develop Class "A" office and flex office product within the business park. Park Place, located at the SEC of Price Rd and Loop 202, is a ±96 acre business park that will consist of Class "A" office, flex office, hotel and retail developments. The project is being developed by Cyburt Hall Partners. 
06.05.2007 | Phase II of McDowell Mountain Business Park trades to ICP International Capital Partners recently closed on the second phase of the McDowell Mountain Business Park in Scottsdale, AZ. ICP structured the deal to purchase both phases within the office business park in March 2007. However, due to the fact that Phase II was under construction, ICP was not allowed to close until a certificate of occupancy was delivered. Each phase consists of ±128,000 SF of Class "A" office space. The Kitchell Company was the seller in the transaction. 
06.05.2007 | Lees-Mayfield announce Chandler Echelon as the Southeast Valley's newest mixed-use development A $200 million, mixed-use, office/hotel project called Chandler Echelon is planned for the southwestern corner of Price Road and the Santan Freeway just south of Chandler Fashion Center. The project, which will cover 20 acres, will have two Marriott hotels in one six-story building, two multistory office buildings, a four-story parking garage, and banks, restaurants and retail shops. Phase I of the office product will consist of a 4-story, ±180,000 SF Class "A" building that is anticipated to break ground later in the 3rd quarter of this year. 
04.02.2007 | Phase I at McDowell Mountain Business Park Sold for $35 Million We are pleased to announce the recent sale of the first phase at the McDowell Mountain Business Park. The property was 62% leased at the time of sale. Kitchell Company sold the building to International Capital Partners. 
04.02.2007 | Buchalter Nemer signs lease at Promenade Corporate Center II Buchalter Nemer, a national law firm, recently signed a lease at the second phase of the Promenade Corporate Center. Formerly known as Anderson Brody Buchalter Nemer, the firm will relocate its Phoenix office to the Promenade to accommodate its emerging growth within Arizona. We would like to thank Peter Neiman from Colliers International for his work on behalf of Buchalter Nemer. 
02.08.2007 | Eller College of Management signs lease at McDowell Mountain Business Park The University of Arizona's Eller College of Management has signed a lease agreement at the McDowell Mountain Business Park. The University will offer its 14 month executive MBA program as well as its newly founded executive education program at its new Scottsdale location. The McDowell Mountain Business Park features immediate access to Loop 101 providing convenience to the University's traveling students. The second phase of the McDowell Mountain Business Park is currently under construction and is expected to be completed in May 2007. 
01.22.2007 | Acquisition Completed for Hotel Development at Park Place The North Central group recently closed on 8 acres at Park Place, the Southeast Valley's premier business park. The plan for the 8 acres has not yet been finalized, but premliminary plans have 2 limited service hotels planned for the site, including a Hilton Garden Inn. Park Place is a 96-acre business park being developed by Cyburt Hall Partners at the SEC of the Loop 202 and Price Road in Chandler, Arizona. 
11.13.2006 | Raintree Office Project Fully Leased and For Sale Caremark PCS Health, a current tenant at Raintree Office Center, recently signed a lease for an additional ±10,888 SF at 8801 East Raintree. Their expansion gives Raintree Office Center 100% occupancy. Located at the southeast corner of Loop 101 and Raintree, the Class A office project is offered for SALE, and is an excellent excellent investment opportunity located in one of the most prestigious and dynamic office submarkets in Phoenix. Please use the following link for more information: http://officestreet.com/raintree
10.23.2006 | Quicken Loans signs Lease at McDowell Mountain Business Park Quicken Loans recently signed a lease for 43,000 SF and occupy the entire 2nd floor at the recently completed McDowell Mountain Business Park. Quicken plans on hiring 400 employees over the next 3 years with an average salary of $75,000 per year. We would like to thank David Friedman of Friedman Real Estate Group of Detroit, MI and Kevin Calihan of CBRE, who represented Quicken Loans on this transaction. 
10.18.2006 | 91 Glendale Breaks Ground! The first phase of 91 Glendale recently broke ground, with completion anticipated 3rd quarter 2007. The ±100,000 SF, Class A office building is located at the NEC of 91st Avenue and Glendale Avenue. 
10.16.2006 | Health Dialog Services Relocates to McDowell Mountain Health Dialog Services Corporation recently signed a 28,000 SF lease at the recently completed McDowell Mountain Business Park in Scottsdale, Arizona. CBRE represented the developer, Kitchell, in this transaction while John Carroll of Meredith & Grew and Don Rodie of Cushman & Wakefield represented the Tenant. The Boston, MA based tenant plans on moving into the project in February 2007 and will relocate its current operations from West Phoenix. For more information on McDowell Mountain Business Park please click www.officestreet.com/mcdowell. 
10.09.2006 | 7025 Scottsdale Sold for $359 PSF We are pleased to announce the recent sale of the 7025 Scottsdale building. The property was sold for $359 PSF, the highest price ever recorded in Scottsdale for a building over 20,000 SF. The property was sold by Lees/Mayfield & Associates to Falcon Real Estate. 10.08.2006 | Wachovia Signs Lease at Promenade Phase II We are please to announce that Wachovia Bank has signed a lease at Promenade Corporate Center Phase II. The bank will be moving its commercial lending division into over 4,000 SF at the recently completed Phase II. 
09.01.2006 | McDowell Mountain Phase II Breaks Ground Phase II of McDowell Mountain Business Park at Pima and Bahia in North Scottsdale recently broke ground and is available for lease. Construction on Phase I is complete and the building ready for immediate lease. Please go to Our Listings for more information or use the following link: www.officestreet.com/mcdowell . 
05.23.2006 | Office Street Team Selected as Leasing Agent for Papago Gateway Center The Office Street Team is excited to announce that we have been selected as the leasing team for Papago Gateway Center, a planned approximate 220,000 SF Class A office building in Tempe. The property, located at 350 West Washington, will be developed by Chesnut Properties out of San Diego and is planned to break ground in early October 2006. 
04.18.2006 | Cornwell Corporate Centre 100% Leased
The Office Street Team is pleased to announce that the Cornwell Corporate Centre in the Scottdale Airpark is 100% full with the last space leased to Alare Capital Partners in April for 3,137 SF. The team represented the Landlord, Cornwell Corporation, in the lease of the 62,920 square foot project from construction to full lease-up. Cornwell Corporation also owns Cornwell Technology Center in Scottsdale's Perimeter Center Business Park, which the team is currently marketing for lease. 04.18.2006 | 20 Acres sold to Lees Mayfield & Associates
The Office Street Team will be representing the office leasing assignment for the park. For more information click on www.officestreet.com/gateway . 03.16.2006 | New Listing: Office Condo for Sale The Office Street Team is now listing 7410 E. Pinnacle Peak Road (Building "C") for sale. Located in North Scottdsale's Pinnacle Peak Office Park, this 9,936 SF was completed in the fall 2005. 03.16.2006 | Mutual Service Corp Leases ±5,100 SF at Promenade Phase I The Office Street Team recently closed a deal with Mutual Services Corporation for a lease of just over 5,000 SF on the third floor of Phase I of the Promenade Corporate Center. Remaining space at Phase I includes two spec-suites on the third floor, totaling 4,436 SF. 02.06.2006 | Walker Pens 2005 Office Overview Article Office Street's First Vice President, Luke Walker, recently composed an article that was featured in the January edition of Commercial Leasing Update. The article, titled "Office Overview: Landlords Gain Control in 2005," is an evaluation of the Phoenix office market and an anaylsis of what last year's numbers indicate and the trend that has ensued. To view this article, please use the following link: http://marketing.cbre.com/phoenix/%7Etmp/INT/BA/%7Emisc/Luke%20Walker_Office%20Overview%20Article.pdf |
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