Cotton Center I, 4025 E. Cotton Center Boulevard, Phoenix

Phoenix, Ariz. (December 5, 2025) – Kidder Mathews has expanded its Asset Services portfolio in Greater Phoenix with a series of new management assignments—all completed within the span of just 90 days this fall. The additions, totaling more than 300,000 square feet across office, medical, retail, flex/R&D, and corporate facilities, reflect the continued strength of the region’s business community and rising demand for professional property management.

The portfolio totals seven assets, including several with notable tenants in the technology, medical, and bioscience sectors:

• Cotton Center I – 102,182 SF flex/R&D | 4025 E. Cotton Center Boulevard, Phoenix
  Tenants include Caris Life Sciences, a leader in molecular diagnostics, and DSV Global Transport, a global logistics provider with a strong technology footprint.
  
• Greystone Business Park – 60,793 SF flex/R&D | 2552 W. Erie Drive, Tempe
  Home to IES Communications, a national infrastructure architect supporting technology-driven environments.
  
• Tatum Place – 45,000 SF retail (limited scope) | 13636 N. Tatum Boulevard, Phoenix
• Deer Valley Professional Building – 32,741 SF office | 2730 W. Agua Fria, Phoenix
  Tenants include Cloverleaf Networks, a provider of integrated internet, cybersecurity, cloud, and connectivity solutions for businesses.
  
• Lincoln Medical Plaza – 27,854 SF medical | 7125 E. Lincoln Drive, Paradise Valley
  Tenants include Benessair Health and Clear Dermatology, led by Dr. Brenda Latowsky, who participates in clinical research.
  
• Paradise Valley Specialty Surgery Center – 21,280 SF medical | 5316 E. Shea Boulevard, Scottsdale
  A state-of-the-art specialty surgery facility affiliated with HonorHealth.
  
• Madera Center – 11,530 SF retail | 22485 E. Queen Creek Road, Queen Creek

“These assignments reflect the strong pace of activity across Greater Phoenix,” said Peggy Maxwell, Senior Vice President and Market Leader for Kidder Mathews Asset Services in Arizona. “Our team manages a wide range of property types, and we approach each one with the same focus on quality, responsiveness, and consistent support for both owners and tenants.”

These wins follow Kidder Mathews’ recent selection to manage the 97,504-square-foot Amkor Technology Center in Tempe, announced in April.

Deer Valley Professional Building, 2730 W. Agua Fria, Phoenix

MARANA, AZ (December 4, 2025) — A 44.1-acre commercial land parcel along I-10 in Northwest Marana has sold for $2,500,000 ($56,689 / acre, $1.30 PSF) for RV Storage and landscaping business. The site, located at 11135 W Adonis Road, sits near the southeast corner of Adonis Road and Grier Road and features over 2,200 linear feet of interstate frontage.

The buyer, K2 Properties LLC of Mesa, AZ, acquired the property from 11135 Adonis Holdings LLC, an Edina, Minnesota–based owner. The sale included a seller-carryback component.

The transaction closed on November 19, 2025, and is zoned E – Transportation Corridor.

The buyer, Kelly Shepherd, manager of K2 Properties LLC, intends to develop with partners:

• An RV storage facility on the southern 20 acres, and
• A landscaping materials business with a storage yard on the remaining acreage.

The level site has existing water and power at the property line and potential sewer access. The Town of Marana has indicated support for near-term development and plans to complete Adonis Road to provide improved connectivity to the rapidly expanding Tangerine Road/I-10 corridor, which includes a planned 4,500-home mixed-use master-planned community just north of this site.

Strategic Location

The parcel’s high-visibility position along I-10, combined with its proximity to large-scale housing and commercial development, makes it well-suited for:

• RV and boat storage
• Contractor yards
• Industrial outdoor storage
• Mixed-use warehouse or service-commercial operations

Edan Baehmann with Cushman & Wakefield | Phoenix represented the seller. Kristen Shepherd with Gentry Realty in Gilbert is related to the buyer and was the buyer’s representative.

For more information, contact Baehmann at 602-999-4542, or Kristen Shepherd at 480-750-9910.

Source: RED Comp #12203.

An aerial view of the QTS Data center under construction in Phoenix, Arizona

SEATTLE & WASHINGTON, D.C. (December 4, 2025) — Amazon (NASDAQ: AMZN) announced plans to invest up to $50 billion to dramatically expand artificial intelligence (AI) and supercomputing infrastructure for U.S. government clients served through Amazon Web Services (AWS). Construction will begin next year on a new series of advanced data centers that will deliver 1.3 gigawatts of additional AI and supercomputing capacity.

AWS currently supports more than 11,000 government agencies, providing secure cloud-computing tools, compliance frameworks, and governance systems for both unclassified and classified data environments.

The new investment is designed to accelerate federal agencies’ ability to conduct simulation, modeling, and data-driven decision-making using advanced AI tools. The initiative directly aligns with the Trump Administration’s AI Action Plan, unveiled in June 2025.

“Our investment in purpose-built government AI and cloud infrastructure will fundamentally transform how federal agencies leverage supercomputing,” said Matt Garman, CEO of AWS. “We’re giving agencies expanded access to advanced AI capabilities that will enable them to accelerate critical missions—from cybersecurity to drug discovery. This investment removes long-standing technology barriers and positions America to lead in the AI era.”

Amazon’s announcement marks the latest significant move by the private sector to bolster government AI capacity. In September, Meta disclosed a partnership with the U.S. General Services Administration (GSA) to deploy its Llama open-source AI platform for federal use. Earlier in the year, OpenAI, Oracle, and SoftBank jointly revealed a $500 billion commitment for “Project Stargate,” a large-scale initiative to build national AI infrastructure.

Through Amazon’s investment, federal agencies will gain expanded access to AWS’ full suite of AI services, including Amazon SageMaker for training and customizing models and Amazon Bedrock for deploying models and agents. Agencies will also be able to use AI systems from Anthropic’s Claude family of language models, as well as semiconductors from NVIDIA and Amazon’s Trainium AI chips.

Amazon has not disclosed specific details regarding the locations or timelines of the forthcoming data centers, though the company reportedly purchased a $700 million site in Bristow, Va. for future development.

This AI expansion adds to Amazon’s year of aggressive data-center investment. In 2025, the company also committed $20 billion to Pennsylvania, $11 billion to Georgia, and $10 billion to a new data center campus in North Carolina.