Renovated golf course office development is attracting a range of new companies
PHOENIX, AZ– Golf course-facing views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. On behalf of building owner HighBrook Investment Management/Cypress Office Properties, the Phoenix office of JLL has completed almost 30,000-square-feet in new leases to Premier Business Centers, Vertical Measures and People’s Mortgage. The leases bring the building (formerly Anasazi Plaza II) to 75 percent occupied.
JLL Managing Director John Bonnell, Senior Vice President Brett Abramson and Vice President Chris Latvaaho represented the landlord in all three transactions:
- Premier Business Centers, a leading national operator of executive suites and office centers, leasing 15,000-square-feet.
- Vertical Measures, an award-winning, Phoenix-based SEO and content marketing firm, leasing 10,808-square-feet.
- Peoples Mortgage Company, a national real estate financing firm established in Arizona in 1998, leasing 3,679-square-feet.
In the past 12 months, JLL has completed 27,882-square-feet of additional leases at the project, for a total of 57,369-square-feet in new commitments. This activity includes digital marketing and internet advertising company Zog Digital (19,511-square-feet), law firm Begam & Marks (5,203-square-feet) and Churchill Mortgage (3,168-square-feet).
“Newly renovated space, great nearby amenities and a very direct connection to the greens of Stonecreek Golf Course give this project the same kind of draw and prestige you can find in Tempe or on the Camelback Corridor,” said Bonnell. “This has created scenarios where companies look at the entire metro market, but select Stonecreek for its work/play, Class A feel.”
Located at 11201 N. Tatum Blvd. in the Paradise Valley, Arizona submarket, Stonecreek Pointe totals 109,961-square-feet in three stories (36,653-square-foot floorplates). It is located directly on the Stonecreek Golf Course and minutes from State Route 51, the Loop 101, executive housing and an extensive amenity base of retail, award-winning restaurants and services.
The building offers golf course and mountain views, walk-out balconies and direct golf course access. Recent building enhancements include modern finishes, a new signage program, upgraded restrooms and common area renovations such as a new first floor tenant lounge, a direct walk-out patio and a digital directory system.