SkySong I & II
1375 & 1475 N. Scottsdale Road
Scottsdale, AZ 85257
Size: +300,800 SF Total
Client:
Requirement
- Lease a new development in a difficult location starting at 50%
Challenge
- Full collaborative approach toward leasing
- Streamlined process – unique decision making
Solution
- Secure a national credit anchor tenant for each phase
- Pursue tenants from six surrounding sub-markets
Benefits/Results
- Complete overhaul of project to a vibrant place to create 98% occupancy
- Maximized disposition price
Desert Ridge Corporate Center I & II
20830 & 20860 North Tatum Blvd
Phoenix, AZ 85050
Size: +274,291 SF Total
Client:
Requirement
- Lease 274,000 SF of Class A Office Space
Challenge
- Pre-leasing
- Competing with other quality buildings
Solution
- Secure a national credit anchor tenant for each phase and also pursue tenants from six surrounding sub-markets
Results
- Achieved above pro forma lease rates
- Sold the building at optimal time
Park One
2111 & 2141 E. Highland Ave.
Phoenix, AZ 85016
Size: +197,000 SF
Client:
Requirement
- Lease two Class A buildings totaling +197,000 SF
Challenge
- All vacancy was vanilla box
- Space sat vacant for years
- Needed to change market perception of building
Solution
- Build out small spec suites
- Strike the right deal for larger vanilla space
- Hold broker events to re-introduce the project
Results
- Leased project to over 90% occupied in the first year
- Increased rents by over 10%
Biltmore Commerce Center
3200 East Camelback Road
Phoenix, AZ 85018
Size: + 259,740 SF Total
Client:
Requirement
- To lease up a 65% leased Class A Office Building in a flat market
Challenge
- Competitive Submarket
- Limited Net Absorption
- Limited T.I. dollars
Solution
- Leverage community relationship
- Full marketing approach
- Created interactive tour
Benefits/Results
- Secured 40% of tenants with our own clients
- Increased occupancy to 91% all while steadily increasing rents
Washington Corporate Park
NEC of 44th St. and Washington
Phoenix, AZ 85034
Size: + 21.45 Acres Total
Client:
Requirement
- Achieve maximum value for a sale of + 21.45 acres
Challenge
- To achieve maximum value, property required multiple parcels off to multiple buyers and users
- Environmental issues
Solution
- Leverage local relationships
- Methodical, patient process
Benefits/Results
- Successfully disposed of + 21.45 acres among 6 transactions to separate buyers including: Hotel, Corporate Use, Spec Office, Retail, Credit Union, Apartments
- Brought a Build to Suit transaction to client
One Agave
8950 South 52nd Street
Tempe, AZ 85284
Size: +77,432 SF Total
Client:
Requirement
- Take over and lease up the only Class A building along the I-10 freeway in Tempe
Challenge
- Vanilla shell space
- Lots of competitive options
Solution
- Working with the right clients that could wait for a build out
- Offered building signage and most competitive Class A pricing
Results
- Four deals totaling over 20,000 SF bringing the occupancy to 94%
- Increased rates by $1.50/SF in one year
Camelback Commons
4722 & 4742 N. 24th Street
Phoenix, AZ 85016
Size: +322,406 SF Total
Client:
Requirement
- Lease a 62% occupied, two-building campus for institutional client and their lender
Challenge
- Project perceived by market as a confusing layout
- Lack of on-site amenities
- Lack of available tenant improvement dollars for spec suites
Solution
- Develop the proper tour route
- Create “The Deck”
- Be patient to find the right tenant who could wait for TI’s
Results
- Over 65,000 SF of leasing in the first year
- Additional 35,000 SF of deals signed in the following six months
Chandler Forum
1975 S. Price Road
Chandler, AZ 85286
Size: +153,000 SF
Client:
Requirement
- Dispose of 153,000 SF office building
Challenge
- Leasing restrictions in Price Road Corridor
- Lack of lease term
Solution
- Market to local, regional and national buyers
- Complete leasing and capital markets team approach
Results
- Found motivated buyer who valued location
- Achieved projected sales price
Viasat Land Disposition @ ASU Research Park
2040 E Technology Circle
Tempe, AZ 85283
Size: + 10 Acres Total
Client:
Requirement
- Dispose of 10-acre land lease
Challenge
- Tough market conditions
- Ground leases in ASU Research Park are unique
- Limited Buyer Pool
Solution
- Leverage local relationships
- Market to users and investors
Benefits/Results
- Sold to Office/Industrial developer with user in tow
- Achieved great profit for our client
Pima Center
N of NWC Loop 101 and Via de Ventura
Scottsdale, AZ 85050
Size: +11.67 Acres Total
Client:
Requirement
- Sell + 11.67 acres of land
Challenge
- Limited buyer pool due to ground lease on tribal property
Solution
- Selective Marketing approach
- Market to several different buyer profiles including users, long term investors, and previous tribal buyers
Results
- Sold to owner/user
- Achieved strong sales price
- Client expectations exceeded
5050 @ Camelback
5050 N. 40th Street
Phoenix, AZ 85018
Size: +72,000 SF Total
Client:
Camelback Square
6991 E. Camelback Road
Scottsdale, AZ 85251
Size: +174,917 SF Total
Client:
Requirement
- Lease a 175,000 SF Class A, multi-tenant office building to stabilization
Challenge
- Stabilize a 64% leased building
- No large blocks of space available
Solution
- Focused marketing to target audience
- Shifted tenants to create big block of space
Benefits/Results
- Leased up to 93% occupancy
- Sold the building, making the owners a great profit ahead of schedule
River Corporate Center
8075 South River Parkway
Tempe, AZ 85284
Size: +133,225 SF Total
Client:
1515 Osborn
1515 East Osborn Road
Phoenix, AZ 85014
Size: +33,000 SF Total
Client:
Requirement
- Sell the former home of United Way after 57 years of occupancy
Challenge
- Building in need of substantial capital improvements
- Finding highest and best use for site
Solution
- Market to office, medical and residential users
- Position site’s long-term potential
Results
- Brought in multiple offers to create building user
- Our client received full asking price