Carlisle Companies Inks 46K SF Lease for Corporate HQ at Kierland One

PHOENIX, AZ – Hines, the international real estate firm, announced today that along with joint venture equity partner, PCCP, LLC, have signed a 46,000-square-foot lease for Carlisle Companies Incorporated to move its corporate headquarters to Kierland One in Northeast Phoenix.

Currently located in Charlotte, North Carolina, Carlisle manufactures a wide range of products that serve broad markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics. Carlisle generated $3.5 billion in net sales in 2015.

“Carlisle is an exciting and valued addition to the region, and will complement the notable roster of first-class corporate citizens also claiming Northeast Phoenix as their home,” said Chris Anderson, managing director and city leader for Hines. “We’re thrilled Carlisle selected Kierland One and believe it will serve as a magnet for other distinct companies, drawing even more interest and investment in the area.”

Kierland One is a Class A, 175,441-square-foot office building located in the Kierland submarket. Situated on 11 acres, the four-story building, 16430 N. Scottsdale Road, is across from the Promenade Shops, within the Kierland master-planned development.

Carlisle will occupy the entire fourth floor of Kierland One. The building’s large flexible floor plates, access to the Valley’s talented labor pool, and nearby shopping/retail options attracted Carlisle to Kierland One, Anderson said.

Hines and PCCP are further enhancing the immediate retail/shopping amenities next to Kierland One. Arizona State Credit Union is building a 4,400-square-foot state-of-the-art branch and Cole Investment Group of Scottsdale is developing over 8,000 square feet of multi-tenant retail and restaurant shops. Both are expected to open in late 2016.

Jeff Hartland and Scott Boardman with Cushman and Wakefield represented the ownership in the transaction. Tom Adelson with CBRE represented Carlisle.