Cushman & Wakefield Negotiates Lease at Chandler Mixed-Use Development

PHOENIX, Arizona – On behalf of Tempe-based DT Chandler LLC, Cushman & Wakefield announced that Revint Solutions signed an 18,492-square-foot lease at Overstreet, located at 101 N. Arizona Avenue in Chandler, Ariz.

Scott Boardman and Dave Carder of Cushman & Wakefield’s Agency Leasing team represented the landlord in the acquisition. Tanner Milne of The Menlo Group represented the tenant.

“This lease transaction with Revint Solutions is another example of office tenants looking to relocate in vibrant live, work, play environments. The development team has a stellar track record of designing and building cutting edge urban/suburban mixed-use projects that office tenants love to be a part of,” said Boardman.

Revint Solutions has leased the entire second floor and will be relocating and expanding from its current location at 2250 E. Germann Road in Chandler. The company plans to occupy the space in July 2019. Office tenants at the property benefit from building signage opportunities, floor to ceiling glass, and a sky bridge.

“Overstreet is the ideal location for a forward-thinking company like Revint Solutions,” said David Sellers, president and CEO of Phoenix-based LGE Design Build, which developed Overstreet. “Employees will find creative office space in a live-work-play atmosphere that truly has no comparison in the valley.”

Located at the southwest corner of Arizona Avenue and Chandler Boulevard in Chandler, Overstreet is a newly completed 72,000-square-foot mixed use development. Anchored by Flix Brewhouse, a feature film theater with an in-house microbrewery, the property also features onsite restaurants Over Easy and Screamery, and support retail. Walkable amenities include SanTan Brewing Company, Original Chopshop, DC Steakhouse, Las Palmas Cantina, and Crown Plaza Hotel & Resort.

Phoenix, Arizona — Turo, a San Francisco-based car sharing company, is moving its Phoenix headquarters to Biltmore Center, 2390 E. Camelback Rd.  The company plans to accommodate its rapid growth with a large expansion into the Camelback Corridor office building.

Turo occupied a smaller space in Scottsdale before deciding to expand into the Class A, office project located on the northwest corner of 24th Street and Camelback Road.  The tech company will occupy 30,091-square-feet.

Ryan Timpani, executive vice president with Colliers International in Greater Phoenix, represented Turo in their Phoenix office leasing efforts.

Turo is a car sharing marketplace where guests can book any car they want, wherever they want it. Allowing car owners to earn extra money and car renters up to 35% less than traditional rental agencies, Turo is a pioneer in the sharing economy and travel industry and has a community over 10 million strong with more than 350,000 vehicles, in 5,500 cities. Since inception, the peer-to-peer sharing service has raised $187.4M in funding.

“Since acquiring this property, we have worked diligently to add place-making amenities that are both creative and functional,” says Steven Schwarz of ViaWest Group, owner of Biltmore Center. “Our addition of a tenant meeting place, park-like gathering spaces and digital focal points was driven by our desire to create a space that supports the social identity and culture of the Biltmore Center community and attracts innovative companies like Turo.”

Marks company as most successful owner/developer in the Arizona market for 2018

PHOENIX, Arizona – Leading commercial real estate owner, developer and property manager Lincoln Property Company (LPC) last night earned the award for Owner/Developer of the Year at the National Association of Industrial and Office Properties (NAIOP) Arizona chapter’s Best of NAIOP, an annual event recognizing the best of Arizona commercial real estate.

The NAIOP Owner/Developer of the Year award recognizes LPC as the most successful office/industrial owner and developer in the Arizona market in 2018. This takes into account the firm’s more than 5.6 million square feet of active development, a property management portfolio spanning almost 10 million square feet of prime commercial space and the execution of 65 lease deals in 2018 across multiple landmark Valley projects.

“This is an extremely exciting time to be a part of the Phoenix commercial real estate community. Our economy is more diverse than it has ever been, and that opens the doors to entirely new categories of tenant demand, amenity trends and project opportunities – all of which we’ve worked to actively identify and respond to,” said Lincoln Property Company Executive Vice President David Krumwiede. “NAIOP is a big part of that environment, and we are grateful for its efforts to advance industry best practices, provide a platform for sharing knowledge and foster the continued development of our local commercial real estate talent.”

Key LPC projects that were completed, under construction or announced during 2018 include the ultra-modern, 901,700-square-foot Lincoln Logistics 40 Class A industrial project in Goodyear, multiple amenity-rich Class A office buildings at The Grand at Papago Park Center in Tempe, the 1.3-million-square-foot Class A Union office project in the heart of Mesa’s Riverview District and the 1.2 million-square-foot Lincoln Logistics 303 Class A industrial development in Glendale.

As one of metro Phoenix’s largest property managers, LPC also completed significant lease and renovation activity at high-profile properties including 3131 Camelback, Waypoint in Mesa and Gainey Center in Scottsdale, all Class A office properties in prime Valley submarkets.

For more information or to discuss leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.