Retail experts join forces to drive center’s continued, dynamic growth amid West Valley boom

PHOENIX, (November 3, 2025) – In a strategic move to enhance its leasing strategy, YAM Properties has selected Phoenix-based retail brokerage specialist Western Retail Advisors (WRA) as the new leasing team for Westgate Entertainment District. The collaboration combines YAM’s ownership and management vision with WRA’s deep network and market reach to reimagine the leasing potential of Westgate, the West Valley’s premier entertainment destination.

Located at 6770 N. Sunrise Blvd., along the Loop 101 at Glendale Avenue in Glendale, Arizona, Westgate spans over 76 acres with 623,734 square feet of shops, eateries, entertainment venues, open areas, 76 loft apartments, and nearly 163,000 square feet of office space.

The project is surrounded by major attractions, including State Farm Stadium, Desert Diamond Arena, Desert Diamond Casino, and Andretti Indoor Karting & Games, as well as numerous major neighboring projects under development, such as the VAI Resort and Mattel Adventure Park.

Mirroring the area’s evolution, YAM Properties is deploying strategic renovations at Westgate, including an upgraded family splash pad, the recently completed addition of a permanent stage at Fountain Park, and exterior updates such as new exterior paint throughout the center.

YAM previously managed leasing for Westgate in-house but is now amplifying its growth strategy, naming Charles Skaggs, Noah Anastassatos, and Haley Perez from Western Retail Advisors as the project’s exclusive leasing brokers.

“Our enhancements at Westgate are centered around family and fun, and are repositioning the energy of the center,” said Marta Kenny, YAM Properties Director of Operations. “Western Retail Advisors will amplify those efforts, helping us to embrace our next era of growth. We are very excited about the trajectory these new changes will shape for existing and future tenants.”

Westgate is currently 98% leased across its 15 buildings, with newer tenants such as Pop Stroke, Thirsty Lion, Chicken N Pickle, HTeaO, and Mensho joining established venues, including AMC Theatres, Dave & Buster’s, Bar Louie, First Watch, Yard House, As You Wish, and many others.

Westgate also has several high-profile spaces available, ranging from 1,200 to 18,250 square feet, and including turnkey restaurant and retail opportunities. Westgate restaurant tenants such as Buffalo Wild Wings, Yard House, Chipotle, and Salad N Go are among the top national performers for their brands.

“We are honored to have been selected to market Westgate, by an owner who is fully committed to protecting and improving this super-regional destination,” said Skaggs, Western Retail Advisors Executive Vice President and Principal. “Westgate is enjoying the perfect combination of renovation and demand boom, and we’re eager to launch its next chapter – both for the families who call this part of the Valley home and for those who visit from across the region.”

Tenants at Westgate benefit from a young and active demographic of more than 371,000 residents within a five-mile radius. It is situated within the larger West Valley area, which is expected to attract 50% of Phoenix’s future commercial growth.

For Westgate leasing information, visit WRA here.

The lease at Terrawest was the largest Class A office deal in North Phoenix post-pandemic

Phoenix (November 3, 2025) – CBRE has arranged a 40,360 sq. ft. office lease for California State Automobile Association Insurance Group (CSAA) at Terrawest in Phoenix, Ariz.

Ashley Brooks, Jim Bayless, and Jasmina Bays of CBRE represented the landlord, Silver Creek Development, in the transaction.

“We’re pleased to have assisted Silver Creek Development in securing this lease for CSAA,” said CBRE’s Brooks. “The lease demonstrates the ongoing demand for high-quality, well-located office space in the Phoenix market.”

Located at 25800 North Norterra Parkway, the three-story Class A office building, situated near the TSMC campus, was constructed in 2021. The building features a tenant lounge, multiple training rooms, event space, and conference rooms. CSAA plans to occupy its new space in Q2 2026, joining other Terrawest tenants Lam Research, Applied Materials, and LaserTec.

“Silver Creek Development has cultivated an environment that gives way to long-term success for their clients and the surrounding community at Terrawest,” added CBRE’s Bayless.

“The energy surrounding TSMC has elevated this corridor into one of the most dynamic office submarkets in the country,” said Charles Essig, Managing Director of Silver Creek. “This transaction establishes a benchmark and validates the economic wave now materializing into executed office demand.

The building is situated within a 576-acre master-planned park near Happy Valley Towne Center and The Shops at Norterra, which offer 1.1 million square feet of retail and dining space.

CHANDLER, Arizona (November 3, 2025) – Full-service commercial real estate firm Lincoln Property Company (Lincoln) announced the purchase of a 191,000-square-foot, partially occupied Chandler Data Center. The company plans to develop the facility’s vacant shell space, delivering new turnkey data center inventory and implementing cooling system improvements that could save millions of gallons of water per month.

The data center property is located on 14.5 acres at 2500 W. Frye Rd., at the intersection of the Loop 101 and Loop 202 freeways, within the Price Road technology corridor.

The Frye Road property offers 28MW of confirmed utility power, served by an existing and dedicated on-site Salt River Project (SRP) substation. It features four data center halls, one of which is fully leased to a Fortune 500 enterprise user. Lincoln plans to fit out the remaining three halls, adding 16MW of critical capacity and positioning the building for immediate lease-up. An initial 4.2MW is targeted for delivery in early Q1 2026.

Lincoln will also transition the project from an evaporative-cooled to an air-cooled mechanical system, creating the potential for up to 3 million gallons of water savings per month for the City of Chandler. The site is planned for additional development, which the City of Chandler approved as part of a development agreement initiated by the property’s previous owner.

“We are grateful to the City of Chandler and CBRE for their collaboration as we approached the closing of this acquisition,” said Lincoln Property Company Executive Vice President and National Data Center Group Leader Ryan Sullivan. “Arizona’s unprecedented, immediate demand from hyperscale, enterprise and neocloud users has pushed local data center vacancy to record lows. This facility will add critical turnkey capacity with immediately available utility power. It’s a rare combination that we look forward to delivering as part of our ongoing value-add data center strategy.”

Kristina Metzger, Ben Wobschall, and Mark Krison of CBRE represented the seller in the Frye Road facility sale. Lincoln will serve as the building’s property manager. Lincoln’s data center leasing team will handle leasing.

Lincoln has a unique history at the Frye Road property, having served as its owner since acquiring the building in 2018 as part of a larger data center portfolio. It sold the asset in 2019 to the current seller.

“We originally purchased and managed this facility to achieve its highest and best use,” said Lincoln Property Company Senior Executive Vice President David Krumwiede. “When we sold the asset, it was to an entity that was equally committed to preserving and enhancing its value. Now, it is our turn to set yet another performance bar for tenants and the Chandler market, at a time when the need for responsible data center space couldn’t be higher.”

According to CBRE, the Phoenix metro area ranks as the nation’s fourth-largest data center market, with steady demand and absorption driving vacancy rates below 2%.

The Frye Road facility adds to that new data center inventory, bringing Lincoln’s robust metro Phoenix footprint to 23.2 million square feet of owned and managed space across Class A office and industrial projects such as Park303, Luke Field, Goodyear AirPark, Union, and the Grand at Papago Park Center.

For leasing at 2500 W. Frye, contact Lincoln Property Company Director of Data Center Leasing, Rob Doretti at [email protected].