Cushman & Wakefield Negotiates Lease for U.K. Company Expanding to Arizona
PHOENIX, AZ– Cushman & Wakefield, a global leader in commercial real estate services, announced today that ARM, Inc. (www.arm.com) has leased 13,275 square feet of space for its new Arizona operations at The Park at San Tan, 3075 W. Ray Road in Chandler, AZ.
ARM, headquartered in Cambridge, England, is the world’s leading semiconductor intellectual property supplier. ARM licenses intellectual property to a network of partners, which includes the world’s leading semiconductor and systems companies. The company has more than 1,300 licenses signed with more than 400 companies worldwide. ARM has leased enough office space to house approximately 60 employees and plans to take occupancy of the space April 1, 2016.
“We are proud to welcome ARM to Chandler,” Mayor Jay Tibshraeny said. “ARM is an exciting addition and natural fit to our growing tech base. ARM’s decision to locate in Chandler at the Park at San Tan further validates our status as the Innovation and Technology Hub of the Southwest.”
Chris Nord of Cushman & Wakefield of Arizona and Neil Gorman of Cushman & Wakefield of London represented ARM in the lease negotiations. Mike Garlick of Newmark Grubb Knight Frank represented TA Associates Realty, the landlord.
“ARM selected the Park at San Tan because of the multiple on-site amenities, Loop 101 freeway access, and proximity to other technology firms,” said Mr. Nord. “Additionally, the City of Chandler was instrumental in ARM’s decision.”