PHOENIX – CBRE and The Boyer Company announce they have secured two leases to Fortune 100 companies at Rio 2100, a 60-acre mixed-use development with 634,000-square-feet of Class A office space in Tempe, Ariz.
CBRE’s Bryan Taute and Charlie von Arentschildt, the exclusive leasing agents for the project, arranged the leases on behalf of The Boyer Company.
“The Boyer Company is thrilled to welcome two Fortune 100 companies to the Rio2100 community,” said Adrian Evarkiou, partner at The Boyer Company. “These leases further validate the bet Boyer made on Tempe over five years ago, and we continue to see Tempe’s success through further development at Rio2100 and down the street at I.D.E.A.”
In the larger of the two deals, an undisclosed company signed a 43,975-square-foot lease, taking the full fourth floor at Phase V of the project, a four-story, 170,680-square foot building that delivered on in May. Additionally, Siemens, a global automation technology company, committed to a 7,823 -square-foot lease on the first floor of the building. Siemens plans to occupy the space by year-end.
The newly delivered Phase V features 14-foot deck-to-deck ceiling height with abundant floor-to-ceiling glass, an outdoor amenity area with shaded seating and a barbecue, and a parking ratio of over six spaces per every 1,000 square feet. The building has an additional 118,609 -square-feet of space remaining.
Butler Design Group was the architect. The general contractor for the project was Wespac Construction. Phoenix Design One designed the lobby.
“Rio2100 continues to be a top tier destination for tenants looking to capitalize on all that Tempe has to offer,” said CBRE’s Taute. “With abundant amenities adjacent to the project at Tempe Marketplace, easy access to the entire Valley at the interchange of the 101 and 202 freeways, and a convenient location within minutes of Downtown Tempe and Sky Harbor, Rio2100 checks all the boxes. We hope to continue to attract premier tenants and up to 1,000 more employees to the project in the remaining 118,609-square-feet in Phase V.”
The first phase of Rio 2100 was completed in March 2017 and is fully leased to Varsity Tutors, MeltMedia, Mayo Clinic, American Vision Partners and SDC Clinical. The development's second and third phases were build-to-suit projects for Freedom Financial, and Phase IV was a build-to-suit Benchmark Electronics’ new headquarters.