ViaWest Purchases Back Canyon Submarket Office Building for $9.5 Million

Phoenix, Arizona – Continuing their quest to buy value-add office properties throughout the valley, ViaWest Group has purchased Concorde Commerce Center, an office building located at 2222 W. Dunlap Ave. The property was purchased with a partner for $9.5 million ($247 PSF).

Built in 1998, Concorde Commerce Center is a three-story office building that contains approximately 138,430-square-feet of space.  The 9.3-acre site is located a half mile from Interstate 17.

The sale was brokered through Barry Gabel and Chris Marchildon of CBRE. Colliers International in Greater Phoenix has been chosen to handle leasing of the project.

“This was a strategic acquisition for ViaWest because it is one of three buildings in the submarket that can accommodate an office user needing 100,000 square feet,” says Ryan Timpani, vice president of Colliers International in Greater Phoenix.  “United Healthcare will be vacating 108,000 square feet that will become available in May.”

Timpani, Todd Noel, and Kyle Campbell are the exclusive leasing team for Concorde Commerce Center.

“This asset presents a great value-add opportunity for our company,” says Steven Schwarz, founding partner of ViaWest Group.  “We will be modernizing and repositioning this office property like we have with many other assets around the Metro area, including Biltmore Center, Nexus @ ASU Research Park, The Monroe, Connexion, San Tan Tech Center and many others.”

Concorde Commerce Center’s architecture features large spans of glass windows.  The office property provides generous parking at 5.3 spaces per 1,000 square feet and 90 percent of the spaces are covered.

SCOTTSDALE, Arizona – Lee & Associates Arizona has sold a 143,892-square-foot office and warehouse space for $16.3 million to GreatHearts Academies, as they plan to expand their North Scottsdale Campus.

Principals Mark Linsalata, Bill Blake and Colton Trauter represented the owners in the sale to GreatHearts Academies, which was represented by Todd Noel of Colliers International. Located at 16648 North 94^th Street, the project consists of a 43,500-square-foot office building and a separate 100,000-square-foot warehouse and distribution facility.

The property, which is situated on 16-acres, was named NAIOP Arizona’s Building of the Year in 2004. It offers easy access to the Loop 101 and Bell Road Interchange, and has over 400 parking stalls. It features private balconies, open plenum ceilings, second floor skylights, three-phase power, and the warehouse provides ten dock high truckwells, 30’ clear height and two grade level loading.

GreatHearts Academies plans to open the new Archway Scottsdale Campus for the 2018-19 school year, and will serve students in kindergarten to fifth grade. For more information, visit www.leearizona.com or contact Linsalata at (602) 912-3539, Blake at (602) 954-3761 or Trauter at (602) 474-9503.

Environmental Consulting Firm Relocating to Phoenix Plaza

Phoenix, Arizona –  SWCA, Inc., an employee-owned environmental consulting firm, has leased 21,339 square feet of office space at 20 E. Thomas Rd. for expansion and relocation of its headquarters.

“20 E. Thomas Rd. offered SWCA the opportunity to occupy a full floor of the building. The large, efficient floorplates, high-end finishes, and proximity to walkable amenities made this the most attractive option in the marketplace for my client,” said Todd Noel, CCIM executive vice president with Colliers International in Greater Phoenix, who has exclusively represented the tenant for more than 10 years. Todd Noel, with Colliers International negotiated the transaction on behalf of SWCA.  Building owner LBA Realty Fund II-Company V, LLC was represented by Bob Hubbard, vice president and head of the Phoenix office for LBA Realty.

The company is currently headquartered in the Midtown corridor and will take occupancy of the new space in November 2017. SWCA chose to relocate its Phoenix office to accommodate the growing needs of its clients and employees, including walkable amenities, central location, mass transit, and accessibility.  Focusing on the live-work-play lifestyle, SWCA selected this building not only because it fulfilled the aforementioned, but it also offers great views and growth potential.  The building features a three-level, 35,000-square-foot retail pavilion that offers a mix of services, specialty shops, full-service health club and multiple dining options.  In addition, an on-site hotel is convenient to the office space.

Headquartered in Phoenix, SWCA has 31 offices and more than 800 employees nationwide. Since 1981, SWCA has helped public and private clients overcome environmental challenges and move their projects forward. The employee-owned firm offers comprehensive environmental planning, regulatory compliance, and natural and cultural resources management services. For more information, visit SWCA.com