PHOENIX, Arizona – Principal Andrew Cheney of Lee & Associates Arizona was recently selected as NAIOP Arizona’s 2018 chairman of the board. He has been a member of NAIOP Arizona since 2003 and served on the board since 2012.

“There could not be a better time to lead this dynamic organization. The commercial real estate market in Greater Phoenix remains strong and full of opportunity for those willing to work hard and take calculated risks,” said Cheney.

According to Cheney, in 2018, the board looks forward to elevating signature events, building upon top-notch educational programs and fine-tuning public policy initiatives. This includes refreshing the Best of NAIOP awards presentation and continuing programming and mentor relationships through the Developing Leaders program.

“On the public policy front, we will continue to increase our influence and be the primary voice for commercial real estate at the state legislature, working for legislation that decreases costs and makes Arizona a prime location for new and expanding businesses,” said Cheney.

As part of his involvement with NAIOP Arizona, Cheney has previously co-chaired numerous major events for NAIOP, served as chair of membership and programs, and helped found the NAIOP Arizona Developing Leaders program.

Since joining The Coppola-Cheney Group team at Lee & Associates Arizona in 2003, Cheney has completed over 1,200 transactions totaling in excess of $1 billion in over 25 states and 3 continents. He is one of only 17 professionals in Arizona who hold both their CCIM and SIOR designations. He is also one of 20 commercial real estate professionals in Arizona, and less than 45 people worldwide, who hold a CCIM, SIOR and CRE designation. He has been recognized as 2016 NAIOP Arizona Chapter Principal Member of the Year, 2013 Class of 40 Under 40 by Phoenix Business Journal, 2011 NAIOP National Developing Leader of the Year and 2010 NAIOP Arizona Chapter Emerging Broker of the Year.

Additional 2018 NAIOP Arizona officers include Vice Chairman Molly Carson of Ryan Companies US, Inc.; Secretary Danny Swancey of ViaWest Group; and Treasurer Jim Wentworth Jr. of Wentworth Property Company, LLC.

For more information, visit www.coppolacheney.com, www.leearizona.com or contact Andrew Cheney at (602) 954.3769 or [email protected].

PHOENIX, Arizona – As part of the reimagining of the iconic Renaissance Square in Phoenix, Cypress Office Properties, LLC., with funds managed by Oaktree Capital Management, L.P., engaged four of Phoenix’s most widely recognized architecture and design firms to collaboratively design office suites of the future for various industries in what is being called, “Project Future.” The four speculative suites, making up the entire 18,379-square-foot fourth floor of Renaissance One, are slated to be revealed in Oct. 2017, at the grand unveiling of the completion of the first phase of the $50 million Renaissance Square renovation.

“Markets with similar trends to Phoenix, such as Houston and Los Angeles, have successfully experimented with this concept. Renaissance Square and the teams involved created the perfect project scenario to bring collaboration like this to Phoenix,” said Mark Jacobs, Managing Director at Oaktree Capital Management, L.P., and concept creator. “We’re not just changing the outdated image of Renaissance Square – we’re showing the community and tenants that existing spaces can offer “blank canvas” opportunities to create new and trend setting environments for today’s workplace, and we’re also allowing leading, local architects free reign to show us what future office interactivity and functionality will be in the next five to ten years.”

Hand-selected by Jacobs, the four teams randomly selected which suite they would design and the industry they would focus their design on.

• McCarthy Nordburg is designing a 2,913-square-foot space financial space
• RSP Architects, Ltd. is designing a 5,341-square-foot nonprofit space
• SmithGroupJJR is designing at 3,574-square-foot law space
• Evolution Design is designing a 6,552-square-foot technology space

“All teams are designing spaces that will allow flexibility so that any future tenant in any industry can easily operate,” said Alissa Franconi, Senior Associate at RSP Architects, Ltd. “Each space incorporates features that have never been seen before, not just from a design stand point, but in how they function as the workplace evolves.”

The suites will serve a wide range of demographics, and offer private spaces, more open and collaborative spaces, training spaces, presentation areas and moveable walls, utilizing metals and woods throughout. In addition, new bathrooms will be constructed, and the elevator lobby and common corridors will feature a specialized design. “With unique, modern and technology-driven suites, this floor will be a special showcase and will provide inspiration for other tenants of all sizes to build out their future at Renaissance Square,” said Franconi.

Jokake Construction, Phoenix, is the general contractor for the Project Future suites. Craig Coppola, Bill Blake, Andrew Cheney, Colton Trauter and Gregg Kafka of Lee & Associates Arizona represent Renaissance Square in lease activity.

The following leases were reported to Real Estate Daily News for the Phoenix Lease report during the week of March 6 thru 10, 2017.

RETAIL – CHANDLER SUNSET PLAZA, CHANDLER
A Retail Lease for 37,092–square-feet within Chandler Sunset Plaza at NEC of Ray Rd & Rural Rd in Chandler, AZ to Aspire Fitness was recently consummated. The owner of the center is Chandler Sunset, LLC. Jared Lively of Rein & Grossoehme represented the Tenant; and Greg Laing and Taylor Laing of Phoenix Commercial Advisors represented the Tenant on this transaction.

OFFICE- 1840 N 95^th AVE, PHOENIX
NAI Horizon represented the landlord in a long-term lease at West 101 Business Center at 1840 N. 95th Ave., in Phoenix.  NAI Horizon Senior Vice President Tyler Smith represented ViaWest Group of Phoenix in the lease of 18,000-square-feet of the 118,000-sqaure-foot building.  “Southwest Network is expanding and relocating to West 101 Business Center from the Garden Lakes area in the Southwest Valley,” Smith said. “The new location is a good fit for this growing company.”  The tenant is Southwest Network, an Arizona non-profit organization. It was represented by Michael Waxman of Levrose Commercial Real Estate.

OFFICE – 2600 N CENTRAL AVE., PHOENIX
CMOC International has recently signed a 7-plus year, 16,299-square-foot office lease at 2600 Tower, 2600 N. Central Ave., Phoenix.  Lee & Associates Associate Michael Marsh, Principals Craig Coppola and Andrew Cheney and Associate, Gregg Kafka, negotiated the transaction on behalf of CMOC. JLL brokers represented the property ownership, Adler Realty Investments, Inc., Woodland Hills, CA. CMOC International is a worldwide molybdenum and tungsten mining company based in the People’s Republic of China. The Phoenix office will house an office management center. They are moving from a Camelback Corridor location. Built in 1982, 2600 Tower offers light rail service directly along Central Ave., high-quality amenities, abundant parking, expansive city views and numerous cultural and dining venues within walking distance.

RETAIL – SEC ELLIOT and DOBSON, PHOENIX
A lease for 3,050-square-feet at Elliot Square to Cellular Sales of AZ was recently consummated. The location of the property is Elliot / Dobson – SEC.  Jim Edwards of Rein & Grossoehme represented the owner. Ryan Manteuffel of Hawkins Companies Commercial Developers represented the tenant.