I N COM M E RCIAL
R E A L E S TAT E
THE DEFINITIVE SOURCE OF TOP PEOPLE, PROJECTS AND DE ALS
30 YEARS OF EXCELLENCE
DETERMINATION.
28
BUILDING SUCCESSFUL ARIZONA PROJECTS FOR 28 YEARS
The determination to be the best, to go the extra mile sets Bjerk Builders apart from other contractors. Completing projects on time, within budget, and by continually exceeding expectations keeps Bjerk on top.
480.497.2300 • fax: 480.497.9610 • www.bjerkbuilders.com License B1-088897
Curating an Industry
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here may be, literally, tons of concrete, steel and dirt in the commercial real estate industry, but describing the foundations of a great development is incomplete without the people and relationships that precede such things. In fact, the two are so interdependent that AZ Big Media decided to expand the typical “People to Know” publication this year to not only include projects, but also significant transactions that led the pack over the last 18 months. In this magazine, you will find the leaders in their fields, as well as up-andcomers next to the biggest completed and incoming projects. We have also compiled a snazzy centerfold featuring historic buildings in Arizona that are still standing. I hope you enjoy learning more about the people, deals and projects within this issue as much as I did, and please don’t forget to nominate deserving industry professionals and outstanding projects next year. Lastly, thank you to Vizzda for being research partners on this publication. Congratulations,
IN COMMERCIAL
R E A L E S TAT E
President and CEO: Michael Atkinson Publisher: Cheryl Green Vice president of operations: Audrey Webb EDITORIAL Editor in chief: Michael Gossie Editor: Amanda Ventura Staff writer: Meryl Fishler Interns: James Bunting | TreNesha Striggles AZRE | ARIZONA COMMERCIAL REAL ESTATE Director of sales: Jeff Craig ART Art director: Mike Mertes Graphic designer: Ana Richey DIGITAL MEDIA Account managers: Bailey Young, Kerri Blumsack Web developer: Eric Shepperd Digital coordinator: Robin Sendele
Amanda Ventura Editor, AZRE amanda.ventura@azbigmedia.com
MARKETING/EVENTS Marketing & events manager: Heidi Maxwell Marketing coordinator: Lorin Parkhurst
TABLE OF CONTENTS
OFFICE Special projects manager: Sara Fregapane Executive assistant: Mayra Rivera Database solutions manager: Cindy Johnson
6 8 10 12 14 16 18 20 22 24 26 28 30 4
INDEX ARCHITECTS ATTORNEYS BROKERS ENGINEERS DEVELOPERS ECONOMIC DEVELOPERS FINANCIERS & ACCOUNTANTS GENERAL CONTRACTORS PROPERTY MANAGERS
AZ BUSINESS MAGAZINE Senior account manager: David Harken Account manager: Sharon Swanson AZ BUSINESS LEADERS Director of sales: Sheri Brown RANKING ARIZONA Director of sales: Sheri King EXPERIENCE ARIZONA | PLAY BALL Director of sales: Ann McSherry CREATIVE DESIGNER Director of sales: David Silver
REITs SUBCONTRACTORS UP AND COMERS
PEOPLE AND PROJECTS TO KNOW 2015
3101 North Central Avenue, Suite 1070 Phoenix, Arizona 85012 (602) 277-6045 · www.azbigmedia.com
[ INDEX ] Barnier, Jerry................................................... 28 Bell, R. Chapin..................................................14 Berg, Peter...................................................... 22 Bolton, Pete......................................................12 Borcherding, Jenna......................................... 30 Buesing, Jerry................................................. 28 Burnham, Rebecca Lynne................................10 Butler, Rick........................................................ 8
Calbert, Bo...................................................... 22 Camacho, Chris...............................................16 Carder, Rory...................................................... 8 Casey, Danielle.................................................16 Coxhead, Matthew.......................................... 30 Crawford, Dave............................................... 22 Creaser, Clay................................................... 30 Creaser, Gregg.................................................18 Cruz-Martinez, Luis......................................... 30
DuMars, James............................................... 20
Martin-Denning, Terry.......................................12 McClure, Wes.................................................. 28 McGinley, Patrick..............................................24 Miner, Don........................................................10 Mooney, Matt.................................................. 26 Mulhern, Bob....................................................12
Oberholtzer, Carolyn.........................................10 Orcutt, Jackie...................................................12
Paul, Clifford.....................................................18 Peters, Scott................................................... 26
Sanchez, Miles................................................ 26 Sarhanigan, Byron........................................... 30 Schlund, Scot...................................................18 Sellers, Dave................................................... 22 Snell, Joe.........................................................16 Strittmatter, John..............................................14 Strobl, Ben...................................................... 22
Freericks, Charley.............................................14
Graham, John..................................................14
6
Timm, Alisa.......................................................24 Tyndall, Joe....................................................... 8
Vallelonga, Jami................................................24 Volk, Chris....................................................... 26
Haller, Diane.....................................................10 Harman, Ron................................................... 28 Harmon-Vaughan, Beth..................................... 8 Harper, Sharon.................................................14 Harrington, Brandon........................................ 20 Henig, Craig.....................................................12 Hines, Jackie....................................................24 Holmes, Scott................................................. 26 Hubbard, Richard.............................................16
Watson, Sandra................................................16 Weed, Ryan......................................................18 Weiser, Paul......................................................10 Wood, Darrel....................................................18 Woodman, Brad................................................ 8
Joyce, Patrick.................................................. 20
Young, Mark.................................................... 20
Keller, Rosie......................................................24 King, Tim......................................................... 28
Zito, Ed............................................................ 20
PEOPLE AND PROJECTS TO KNOW 2015
[ ARCHITECTS ]
Rick Butler Rory Carder Principal, managing director DAVIS 74 E. Rio Salado Pkwy., #200 480.638.1150 thedavisexperience.com
Beth HarmonVaughan Managing principal Gensler 201 E. Washington St., #750 602.523.4900 gensler.com
Joe Tyndall Principal RSP Architects 502 S. College Ave., #203 480.889.2000 rsparch.com
Brad Woodman Office leader SmithGroupJJR 455 N. 3rd St., #250 602.824.5233 smithgroupjjr.com 8
Principal Butler Design Group 5017 E. Washington St., #107 Phoenix, Arizona 85034 602.957.1800 butlerdesigngroup.com
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ick Butler is a self-taught architect. He landed his first architectural job while in high school and went straight into a full-time position, skipping college. “Driven to get my (technical) registration, I worked long hours — because I loved what I was learning and hated to leave the office — and studied at night and on weekends for the eventual test,” Butler says. For nearly two decades, he has been at the helm of his own company, where, in the last 12 months, Butler Design Group has about 12 million square feet in recently completed or ongoing design and construction. Two weeks into starting Butler Design Group, Butler landed a 115,000-square-foot Robb and Stuckey Furniture Showroom in Kierland. “Right after that, we built momentum,” he says. Four months into operation, Butler’s partner Jeff Cutberth from OPUS joined the nine-person company. Butler has been designing retail since early in his career at Irwin Pasternack, which he left after Mike Davis left to form Davis Experience. However, with the addition of Cutberth, BDG’s focus included as much industrial as possible. About 50 percent of the company’s work is industrial and manufacturing, Butler says. “What put us to the next level was Casa Paloma in Chandler,” Butler adds, nodding to the company’s retail work. “It was the first outdoor lifestyle center in Phoenix.” What’s next for the company is monitoring growth. “We grew to 50 people at the height of the market,” Butler says. “We resisted growing more than that. We dropped to 12 people in the downturn. Now, we’re growing again. We’re resisting growth at 26 people.” Butler is enjoying his niche in the market. “We walk into meetings and the relationships we’ve built, and it’s like walking into a meeting with friends,” he says.
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
City of Mesa | Oakland Athletics Hohokam Stadium Renovation
Enhancing the fan experience and creating community connections through design.
www.gensler.com
[ ATTORNEYS ] Carolyn Oberholtzer Partner Bergin, Frakes, Smalley & Oberholtzer 4455 E. Camelback Rd., #A-205 Phoenix, Arizona 85018 bfsolaw.com 602.888.7860 Rebecca Lynne Burnham Esquire Greenberg Traurig 2375 E. Camelback Rd., #700 602.445.8000 gtlaw.com
Diane Haller Partner, attorney Quarles & Brady LLP 2 N. Central Ave. 602.229.5200 quarles.com
Don Miner Director Fennemore Craig 2394 E. Camelback Rd., #600 602.916.5000 fclaw.com
Paul Weiser Shareholder Buchalter Nemer 16435 N. Scottsdale Rd., #440 480.383.1800 buchalter.com 10
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here was never a question about whether Carolyn Oberholtzer would end up in real estate. The third-generation Arizonan’s family has a handful of commercial and residential industry professionals. It was becoming a lawyer, though, that surprised her. Right after graduating from Arizona State University’s College of Law, Oberholtzer became the assistant city/town attorney for Avondale and Fountain Hills. After two years of working on the municipal side of planning and development, she decided to represent applicants. “It was fun, frenetic time in the market in 2004,” Oberholtzer says. “I did a ton of work in a short period of time. You got thrown in and made the best of it. As things started to slow down, I was able to stay busy. I worked on great projects over the years.” One such project took Oberholtzer back to Avondale, where she worked with Phoenix International Raceway on processing track improvements before the Sprint Cup in 2011. Oberholtzer has helped rezone thousands of acres spanning many jurisdictions – including the negotiation of complex pre-annexation development and incentive agreements and the creation of special taxing districts to finance project infrastructure – for some of the largest master-planned communities and commercial projects in the state,” reads her bio. In 2013, she formed her own small firm with friends. “I love where I am right now,” Oberholtzer says. “I can’t imagine doing anything else. I’m there on the professional bucket list. (I’d like to) continue working on great cases that are transformative for communities. … Whether it’s creating a new place for people to engage and interact or a new residential project or a big employment project, there’s no shortage of things to happen in this state. There’s a lot to do on the bucket list.”
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
[ BROKERS ]
Pete Bolton Executive vice president, managing director Newmark Grubb Knight Frank 2398 E. Camelback Rd., #950 602.952.3800 ngkf.com
Jackie Orcutt Senior director Cushman & Wakefield 2555 E. Camelback Rd., #300 Phoenix, Arizona 85016 602.253.7900 cushmanandwakefield.us
A Craig Henig Senior managing director, Arizona market leader CBRE 2415 E. Camelback Rd. 602.735.5555 cbre.com/phoenix
Terry Martin-Denning President NAI Horizon 2944 N. 44th St., #200 602.955.4000 naihorizon.com
Bob Mulhern Managing director Colliers International 2390 E. Camelback Rd., #100 602.222.5000 colliers.com/phoenix 12
fter graduating with a degree in psychology, Jackie Orcutt became a risk management consultant for a sorority. After traveling for two years with that job, she returned to Phoenix. Commercial real estate was never meant to stick in Orcutt’s plans, but once she was in she couldn’t look back. She started her career at CBRE in 2007 and moved to Cushman & Wakefield four years later. Since then, she has completed more than 11 million square feet of transactions valued at more than $510 million. Her clients include American Realty Advisors, Clarion Partners, Everwest, Liberty Property Trust and ProLogis. “If I can emphasize one thing, I’m here because of a whole group of people who worked with me,” Orcutt says of her mentors, including her mother, Cathy Teeter, regional director of sales management at CBRE. “She set the tone. I juggle a lot, but that’s how I was raised.” Orcutt notably worked with industrial team Bo Mills and Mark Detmer at Cushman & Wakefield before they joined JLL. Her decision to stay at C&W after their departure would be one of the defining moments of her career. In 2014, she was named a top five producer in the Phoenix office. “You will be rewarded for the risks you can take,” she says, adding, “But I’m a planner, so my risks are very calculated.”
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
CASH MACHINES OPPORTUNITY Initiative
Insights
These aren’t simply warehouse doors. These are portals to commercial profit. At Colliers we regard real estate for its economic potential, not simply its location, size or condition. With seasoned experts, critical analysis and industry-leading research, Colliers helps clients make better business decisions regarding lease, purchase, investment and finance. At Colliers, we don’t see real estate merely as places, but instead an opportunity to realize greater business potential. colliers.com
[ DEVELOPERS ] Charley Freericks
R. Chapin Bell President P.B. Bell Companies 8434 N. 90th St., #100 480.951.2222 pbbell.com
John Graham President, CEO Sunbelt Holdings 6720 N. Scottsdale Rd., #250 480.905.0770 sunbeltholdings.com
Sharon Harper President, CEO Plaza Companies 9401 W. Thunderbird Rd., #200 623.972.1184 theplazaco.com
John Strittmatter Chairman Ryan Companies US, Inc. 3900 E. Camelback Rd., #100 602.322.6100 ryancompanies.com 14
President DMB Associates 7600 E. Doubletree Ranch Rd., #300 Scottsdale, Arizona 85258 dmbinc.com 480.367.7000
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harley Freericks likes projects that start, happen and end. However, that really applies more to development than his journey to president of DMB Associates. “I went to college with the idea I would be a doctor when I came out,” Freericks recalls. “I was ill-prepared for what they do to screen people out of pre-med.” He left University of Oregon for Arizona State University, following a spring break visit to Tempe, where he eventually studied business with a focus on real estate. Since he didn’t attend the construction management school he wasn’t able to land a development job after graduating in 1983. “I’ve been somewhat shameless in seeking mentors,” Freericks says. “When I’ve been placed in situations where I’m new, I find someone who knew what was going on.” A professor introduced him to brokerage, which turned out to be a decent primer in the land business. “The philosophy of the guy I went to work for was that you needed to work harder than anyone else and work more hours to get more business than anybody else,” Freericks says. “We were with clients and people all day, Monday through Friday, and on weekends. We broke on Friday and Saturday, but then met on Sunday to prepare for the week. It was great discipline.” This discipline, which he calls a “bad habit,” is something Freericks carried beyond his role at the brokerage. In the late ‘80s, when land brokers went without much work. “I went two years without any income,” Freericks says. “It helped me focus on my long-term career plans.” He made a list of five development companies he wanted to work for and has since been employed by two of them — Talley Industries and DMB Associates. His first client as a consultant for DMB was for Catepillar Tractor proving grounds, which, as it happens, is now the location for Verrado — DMB’s master planned community in Buckeye. In addition to working nearly every day of the week, Freericks is involved with Fighter Country Partnership and recently joined the board of the Arizona Community Foundation.
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
[ ECONOMIC DEVELOPERS ] Chris Camacho
President, CEO Greater Phoenix Economic Council (GPEC) 2 N. Central Ave., #2500 Phoenix, Arizona 85004 602.256.7700 gpec.org Danielle Casey Economic development director City of Scottsdale 3839 N. Drinkwater Blvd. 480.312.7689 choosescottsdale.com
Richard Hubbard President, CEO WESTMARC 141oo N. 83rd Ave., #150 623.435.0431 westmarc.org
Joe Snell President, CEO Sun Corridor, Inc. (Formerly Tucson Regional Economic Opportunities) 120 N. Stone Ave., #200 520.243.1900 treoaz.org
Sandra Watson President, CEO Arizona Commerce Authority 333 N. Central Ave., #1900 602.845.1200 azcommerce.com 16
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hris Camacho was raised in a household rich in opportunism and fancy footwork. His father grew up in Guadalajara, Mexico, with nine siblings. Many of them immigrated to the U.S. to play soccer, which ended up taking his dad through college on a scholarship. Both of Camacho’s parents, his mother is from the Midwest, wound up professors, which is something he attributes to his drive and competitiveness. “I wanted something for myself because my father’s side was poor and we’re living the American dream and put me on this path,” Camacho says. Camacho graduated from Southern Illinois University with an undergraduate degree in psychology and a graduate degree in public administration and policy analysis. He also attended the University of Oklahoma for its Economic Development Institute. In 2006, the Greater Yuma Economic Development Corporation brought Camacho to Arizona, where he helped bring 35 companies and 3,500 jobs to Greater Yuma in two years. He then moved to the Greater Phoenix Economic Council, where he’s worked for nearly a decade and recently was named president and CEO after Barry Broome’s 2015 departure. With a new governor, new administration and a recovering market, Camacho says the timing of his new role at GPEC was good. One of his biggest focuses is integrating the growing Latino market into Arizona’s industries. The goal has a 10-year trajectory, but will take multiple generations, he says. “Early on, I still thought economic development was about competitive tax models,” he says. “The economic development discipline is beyond competitiveness. … Now, it’s about creating a sense of place around 21st century communities. “I get up every day and think about how our work is going to influence the next families, put food on the table, and allow us to work with the public sector and 74 CEOs on the board to drive strategy of the economy.” Camacho’s 7-year-old daughter, MacKenna, even follows him in the news. “I’d say the most interesting project for me was watching the First Solar project get built,” says Camacho. The 1.1-million-square-foot manufacturing plant didn’t get used by First Solar and then GT Technologies had plans to use it for manufacturing and that didn’t work out and now Apple is looking at the site for an operations center. “We learned a lot about Apple’s view of Arizona,” Camacho says of the process. “Third time’s the charm.”
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
[ ENGINEERS ]
Gregg Creaser President, CEO Speedie & Associates 3331 E. Wood St. 602.997.6391 speedie.net
Scot Schlund
Managing senior principal, water Stantec 8211 S. 48th St. Phoenix, Arizona 85044 602.438.2200 stantec.com
S Clifford Paul Principal PK Associates Structural Engineers 7434 E. McDonald Dr. Scottsdale, Arizona 85250 480.922.8854 pkastructural.com
Ryan Weed President Coe & Van Loo Consultants 4550 N. 12th St. 602.264.6831 cvlci.com
Darrel Wood Principal Wood/Patel & Associates 2051 W. Northern Ave., #100 602.335.8500 woodpatel.com 18
cot Schlund builds oases in a desert. Over the last 30 years, he has worked as a civil engineer who specializes in water usage. “When I was starting my career, I was able to participate in a bunch of different disciplines,” says the University of Arizona grad. “Flood control projects were something I thought would be critical to our communities, especially in the arid Southwest and Arizona. It just drew my attention and focus. “It’s an exciting time and there’s a lot to address when it comes to water. The way we’ve been able to adapt our water use and become more efficient and some of the buildings that does occurs. Everybody is more cognizant.” Some of Schlund’s most recent work includes consulting with Ryan Companies about Tempe Town Lake, near Marina Heights. Working on the largest office development in Arizona is quite the heavyweight on a resume. A project Schlund considers among his favorite is the 17-mile El Rio Watercourse master plan on the Gila River. It’s the type of project that is meant to catalyze development. “We really believe that project will rival the Tempe Town Lake project and the economic impact it has had on Tempe,” Schlund says. “It’s more natural in character. I’m excited for the future. (The project) is something that will unfold over my lifetime for the next 30 to 50 years.”
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
[ FINANCIERS & ACCOUNTANTS ] Patrick Joyce James DuMars Senior vice president, managing director NorthMarq Capital 3200 E. Camelback Rd., #253 602.508.2206 northmarq.com
Brandon Harrington Senior vice president Walker & Dunlop 2375 E. Camelback Rd., #600 602.283.1455 walkerdunlop.com
Mark Young President, CEO National Bank of Arizona 6001 N. 24th St. 602.235.6000 nbarizona.com
Ed Zito President Alliance Bank 1 E. Washington St., #1400 602.386.5500 alliancebankofarizona.com 20
Senior vice president, manager commercial lending Bankers Trust 2325 E. Camelback Rd., #100 Phoenix, Arizona 85016 602.224.2025 bankerstrust.com
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ometimes, it’s just about being in the right place at the right time. For 20-year finance and accounting veteran Patrick Joyce, that meant opening Bankers Trust’s new Phoenix office at the height of the recession. The Iowa-based company entered the Phoenix market in 2007 with a clean portfolio. When the recession hit, Joyce recalls, Bankers Trust was one of the few companies that could afford to lend. In the last eight years, the company has built a blank portfolio into one worth $400 million. “What was nice, during the recession, is we were able to talk to all of the influential real estate people in this town who were having a tough time getting money,” he says. “Normally, when you start a new branch in the market, it’s tough to get in the door with the key players.” Notable projects include the office, retail and apartment portions of CityScape in downtown Phoenix, light industrial around the Valley and Evergreen’s Park 28 multifamily project, Northern Trust’s portion of Discovery Business Campus, BlueSky Parking and properties with Michael Pollack. Joyce works with a team of four people and, since 2008, has closed just over 100 transactions. “It’s been fun trying to grow something from scratch,” Joyce says. “I don’t know if I’d do it again,” he adds with a laugh. “We accomplished and grew something.” With the recovery, Joyce says the firm is considering its growth potential in the Phoenix market.
PHOTO BY MIKE MERTES, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
Coming February 2016
THE 11th ANNUAL RED AWARDS Real Estate and Development Awards, are Arizona’s most comprehensive annual real estate awards. PROJECT CATEGORIES: • OFFICE • INDUSTRIAL
• HEALTHCARE • MIXED-USE
• MULTI-FAMILY • SAFETY AWARD
• RETAIL • REDEVELOPMENT
• PUBLIC • EDUCATION
Call for sponsorship information 602.277.6045 30 YEARS OF EXCELLENCE
[ GENERAL CONTRACTORS ] Ben Strobl
Peter Berg Senior property manager DPR Construction 222 N. 44th St. 602.808.0500 dpr.com
Bo Calbert President McCarthy Building Companies 6225 N. 24th St., #200 480.449.4700 mccarthy.com
Dave Crawford President, CEO Sundt Construction 2620 S. 55th St. 480.293.3000 sundt.com
Dave Sellers President LGE Design Build 740 N. 52nd St. 480.966.4001 lgedesignbuild.com
Vice president, Southwest operations JE Dunn Construction 2000 W. University Dr. Tempe, Arizona 85281 602.443.2660 jedunn.com
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n college, Ben Strobl was told the number of structures on the planet would double in 20 years. “I think that’s what opened my eyes to the potential of a construction career,” says the Kansas native. In college, he was a laborer and after graduation he joined JE Dunn on a prison project in Colorado. “I love a client who needs something quickly,” he says, adding that the business has gotten to that point, where everything has to be done “tomorrow.” When he joined in 1997, JE Dunn was a multi-million dollar company. He says that in 1990 it was a $159 million company. Now, it’s worth $3 billion. Strobl moved to Arizona in 2007 to work on a fast-paced, 14-month, $170 million prison project in Eloy. “I think it’s probably still one of the fastest hard-sell construction projects (I’ve worked on),” he says. The project took inmates in month eight. He returned to Kansas City for three years before coming back to Arizona, where he assumed a leadership role in 2013. Even though some of his favorite — meaning most-challenging — projects have been prisons, his job is anything but. “The biggest advice I give students is follow your heart,” says Strobl. “Don’t be shy of what our industry provides. Don’t live in one town and never travel. You’ll get bored with life quick. (Construction) can provide a phenomenal career if you’re able to take those opportunities.” Even with all the travel, Strobl’s favorite project was a $400 million renovation of Kansas’ capitol building. Bill Dunn, Sr., chairman emeritus of JE Dunn, is a 92-year-old, former WWII fighter pilot who still works four days a week. Strobl says he has had a chance to “hang out with him” in Kansas City. “You’d do anything for a guy like that,” says Strobl. Projects Strobl has worked on, locally, include the CyrusOne data center on 53 greenfield acres in Chandler. He’s looking forward to starting construction at The Grand at Papago Park apartments at Priest Drive and Loop 202 and a new student pavilion at ASU’s main campus.
PHOTO BY MIKE MERTES, AZ BIG MEDIA 22
PEOPLE AND PROJECTS TO KNOW 2015
ALWAYS...
RESPONSIVE TO YOUR NEEDS Our Team thrives on the ideas and stories behind the structures we have built, which have been possible by some of the most renowned Owners, Architects, Engineers and Contractors in the industry. We take pride in partnering with the best teams to build what starts as a simple concept and becomes a reality. Contact Suntec Concrete to discuss your next dream project.
Experience concrete like never before.
602-997-0937
•
suntecconcrete.com
[ PROPERTY MANAGERS ]
Jackie Hines Vice president, group manager JLL 3131 E. Camelback Rd., #400 602.282.6300 jll.com/phoenix
Jami Vallelonga General manager CBRE 2415 E. Camelback Rd. Phoenix, Arizona 86016 602.735.5555 cbre.us/o/phoenix
J Rosie Keller Portfolio manager Cushman & Wakefield 2555 E. Camelback Rd., #300 602.253.7900 cushmanwakefield.com
Patrick McGinley President of management services Vestar 2425 E. Camelback Rd., #750 602.866.0900 vestar.com
Alisa Timm Director of management services Lincoln Property Company 3131 E. Camelback Rd., #318 602.912.8888 pcphx.com 24
ami Vallelonga wants you to help her help you. Partially inspired by “Jerry Maguire,” Vallelonga intended to make a living working with sports contracts. However, while in college, she worked part-time for Equity Office Properties. Slowly, her job description evolved and eventually she was offered a full-time gig. After taking a hiatus from property management, she returned to the industry with CBRE. The 17-year property management veteran’s 14-person team is solely dedicated to MetLife’s four Esplanade office buildings. One of her career highlights includes winning a Building Owner’s and Manager’s Association International TOBY award, a high honor for property managers, for increasing efficiency of Collier Center with a 30 percent payback in the first year. This included upgrading building systems, as well as switching the janitorial duties to a daytime schedule and equipping them with better tools. Even though she’s the Maguire for her clients, Vallelonga is also her own biggest advocate. “I started as a receptionist,” Vallelonga says. “I paid for my own education, my RPA and CPM and CCIM and LEED (certifications). It’s a grassroots movement for me. I’m an independent person. I’m always advocating for myself.” Vallelonga is back at ASU, getting a bachelor’s in organizational leadership.
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
Commercial Real Estate Advisors
[ REITs ]
Chris Volk Scott Holmes Senior vice president American Realty Capital Properties, Inc. 2325 E. Camelback Rd., #1100 602.778.6182 arcpreit.com
Matt Mooney Vice president, managing director Parkway Properties, Inc. 60 E. Rio Salado Pkwy., #502 602.997.5405 pky.com
Scott Peters CEO, chairman, president Healthcare Trust of America, Inc. 16435 N. Scottsdale Rd., #320 480.998.3478 htareit.com
Miles Sanchez Senior vice president Weingarten Realty Investors 4440 N. 36th St., #200 602.263.1166 weingarten.com 26
CEO STORE Capital 8501 E. Princess Dr., #190 Scottsdale, Arizona 85255 480.256.1100 storecapital.com
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hris Volk, CEO of STORE Capital, jokes that he takes a company public every 10 years. For the last three decades, though, that has held up. He has taken three sale-lease-back companies to the New York Stock Exchange and in the span of four years has turned his newest venture, STORE, short for Single Tenant Operational Real Estate, Capital into a $2.5 billion company. Volk started as a commercial banker in Atlanta in the early ‘80s, where he met client and future partner Morton Fleischer with Franchise Corporation of America (FFCA). In 1986, five years into working with Fleischer as a client, Volk left banking to join him at FFCA. In 1994, Volk helped Fleischer engineer a rollup into a public company. It grew to more than 5,000 properties and was sold to GE Capital in 2001. Volk then moved on to this second company, Spirit Finance — now Spirit Realty Capital. This company went public in 2004 and was sold in 2007. In 2011, STORE began with the help of five partners Volk had met along his entrepreneurial journey. It went public in 2014. STORE has more than 1,200 properties in 47 states for 230 customers. Last year, STORE closed three transactions a week with an average value of $10M, Volk reports. “We’ve been able to hit a nerve,” Volk says. “The marketplace we’re in today is not as attractive to customers from bank perspective.”
PHOTO BY MIKE MERTES, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
Rea dy for
H AY D E N FE R RY L A K ES I D E Te m p e , A r i z o n a
G EN ER ATI O N N E X T
Parkway’s premier assets are perfect for TH E M I LLENNIAL WO RKFO RCE Strategically located adjacent to the light rail station and Mill Avenue entertainment district, we have space that your workforce will love. Join tenants like Microsoft, Amazon, Silicon Valley Bank, LifeLock, Citrix and KPMG and lease your next office from Parkway.
CONGRATULATIONS MATT MOONEY!
One of AZRE’s 2015 People To Know
602.997.5405 | www.pky.com
[ SUBCONTRACTORS ]
Jerry Barnier Founder Suntec Concrete 2221 W. Shangri La Rd. 602.997.0937 suntecconcrete.com
Jerry Buesing President, CEO Buesing Corp. 3045 S. 7th St. Phoenix, Arizona 85040 602.233.3339 buesingcorp.com
J Wes McClure President Wilson Electric 600 E. Gilbert Dr. Tempe, Arizona 85281 480.505.6600 wilsonelectric.net
Ron Harman General manager, vice president Coreslab Structure 5026 S. 43rd. Ave. 602.237.3875 coreslab.com
Tim King President HACI Mechanical Contractors 2108 W. Shangri La Rd. 602.994.1555 hacimechanical.com 28
erry Buesing’s contribution to the Phoenix skyline begins deep beneath the reaching rooftops of its skyscrapers. Buesing’s 51-year-old company, Buesing Corp., has pushed dirt, dug holes and handled some of the most complicated earthwork the last few decades of construction had to offer the metro. After Buesing received his license when he was 16 years old, he began driving trucks and operating construction equipment. In college, he continued to work construction and in ’65, he and his brother, Tom, co-founded their own business. After nearly two decades of working around the rain, snow and sleet of the north country, Buesing’s company was awarded a project in Phoenix — the 91st Avenue Wastewater Treatment Plant. By 1988, the company had completed all of its Minnesota contracts and moved West. “I am proud of all our projects, really, because they have all been completely successfully and safely,” Buesing tells AZRE magazine in September 2014. “From our early projects, such as Bank One Ball Park (now Chase Field) and America West Arena (now US Airways Arena) to our most current projects, such as Marina Heights and the Liberty Center at Rio Salado in Tempe, Ariz., Buesing Corp. has worked as a team to be part of the ever-changing Phoenix Metro area.”
PHOTO BY SHAVON THOMPSON, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
ROC104397 ROC104169 ROC104170 ROC104171 ROC104172 ROC257478 ROC247905
[ UP & COMERS ] Matthew Coxhead Managing director Savills Studley 2231 E. Camelback Rd., #209 Phoenix, Arizona 85016 602.783.1610 savills-studley.com Jenna Borcherding Director of business development Jokake 5013 E. Washington St., #100 602.224.4500 jokake.com
Clay Creaser Project manager Gilbane Building Company 2355 E. Camelback Rd., #850 602.553.4700 gilbaneco.com
Luis Cruz-Martinez Senior associate Gensler 201 E. Washington St., #750 602.523.4900 gensler.com
Byron Sarhangian Attorney Snell & Wilmer 400 E. Van Buren St. 602.382.6000 swlaw.com 30
M
atthew Coxhead studied psychology in college because it was the one subject that kept him going back to class. Without knowing how he was going to turn this into a career, he took a note from his uncle, who worked in property management, and turned to commercial real estate. Noting his interests in psychology and a personality that’s more fit for brokerage, Coxhead started his career at Grubb & Ellis in Denver. In 2008, he moved to Phoenix at the beginning of the recession. “It actually benefitted me, looking back,” he says. “Back then, I didn’t know what I was doing. I was just kind of winging it, coming from a market that hadn’t seen the drop off like Phoenix did. It ended up being an advantage for me. It leveled the playing field. I learned the fundamentals and the basics of the business and learned the market when everybody was scraping things together. It was a long road coming out of that and wanting to be successful.” In the last three years, Coxhead has been involved with more than 4.5 million square feet of transaction volume. Notable tenants he has worked with include Weebly, Zenefits, Learnvest, iFactor Consulting, Tuft & Needle, El Dorado Holdings and Encore Capital. Coxhead and his partner Ryan Bartos, whom he met at Cushman & Wakefield, specialize in start-up and tech tenant representation. Last year, Bartos and Coxhead were approached by Tiffany Winne of Savills Studley about opening a Phoenix office. The brokers made the move, where they continue to represent startup and tech tenants. “I couldn’t be more excited about where Ryan and I are at in our careers and helping (Savills Studyley) grow is exciting,” Coxhead says. “We’re really started to see the fruits of our labors and get some wins. The best part is we still have fun. I get to go to work with my best friend every day.” PHOTO BY MIKE MERTES, AZ BIG MEDIA
PEOPLE AND PROJECTS TO KNOW 2015
Comprehensive commercial real estate news at your fingertips
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IN COMMERCIAL
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BIG DEALS
A GRAND ASSEMBLY 18 MONTHS OF THE BIGGEST DEALS
B
rokers are the lifeblood of the commercial real estate industry. They’re the connectors who keep a site or building moving through the decades, an office or retail building afloat during the recession or bring an old industrial warehouse to a higher
Research Partner
purpose. From complex, ninefigure sales that splashed across the headlines to a few surprising transactions that flew under the radar, this section recognizes the top deals of an 18-month span (July 1, 2013 to Dec. 31, 2014). Transaction data was collected by Kris Thompson and Edward
Moore of Vizzda, with some help from the DTZ Research Department. The researchers looked through their databases to find the largest transactions in a variety of sectors, as well as the highest sales by square footage and price per unit (for multifamily).
PEOPLE PEOPLE AND AND PROJECTS PROJECTS TOTO KNOW KNOW 2015 2015
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[ BIG DEALS ]
Top medical deals in Arizona between July 1, 2013, and Dec. 31, 2014
HEALTHCARE Phoenix Memorial Healthcare Center LARGEST SQUARE FEET
365,314 SF
It’s rare for a healthcare broker to have a property more than 120,000 square feet to sell, but CBRE’s Kate Morris says that may change. In 2014, she brokered the largest healthcare transaction — an 11-acre low-occupancy hospital campus in need of utility upgrades. “It was an odd thing,” she says. “There are very few vacant hospital sales around the country. They usually repurpose them into something else, but it’s becoming more prominent.” She cites valuable bed space — she estimates a newbuild bed costs about $1.3M per room — for its valuable repurposing. The building which had three tenants at its sale date is now, a year after its sale, 95-percent leased. “It has a lot of history,” she says. “People are happy to see it running again.”
LOCATION 1201 S. 7th Ave. Phoenix
SELLER Tenant Healthcare (VHS of South Phoenix)
VALUE $5.58M
SALE August 22, 2014
SIZE 365,314 SF
PROCURING BROKER Grafton Milne Menlo Group Commercial Real Estate
BUILT 1977 BUYER Cornerstone Property Services (Memorial Key LLC)
Grafton Milne 34
PEOPLE AND PROJECTS TO KNOW 2015
LISTING BROKERAGE Kate Morris and Vince Femiano, CBRE
Kate Morris
Vince Femiano
[ BIG DEALS ]
Top medical deals in Arizona between July 1, 2013, and Dec. 31, 2014
HEALTHCARE VA Outpatient Clinic Gilbert
HIGHEST SALE PRICE
$29.5M
BREW reported that the VA Outpatient Clinic Gilbert was leased to the United States Veteran’s Administration (VA) in a 20-year agreement valued at $39 million. Records acquired by BREW show Gilbert Healthcare Special LLC (Fairways Equities entity) acquired the property with a $27.838-plus million senior loan and a junior loan of $1.7 million. “McShane acquired the 8.867-acre site at year-end 2012 after being selected to develop the project by responding to a request for proposal issued by the VA,” BREW reports. “McShane completed the VA Outpatient Clinic build-to-suit in March. The investment is the first in the Valley for the privatelyheld Fairways Equities, which is an affiliate of Dallas-based CresaPartners Capital Markets.” LOCATION 3285 S. Val Vista Dr. Gilbert VALUE $29.5M SIZE 74,086 SF BUILT 2013 BUYER Fairway Equities SELLER McShane VA Gilbert LLC SALE April 22, 2014 LISTING BROKER Travis Trautvetter Cushman & Wakefield, Inc. 36
PEOPLE AND PROJECTS TO KNOW 2015
Travis Trautvetter
LARGEST PRICE PER SQUARE FOOT
$413.98/SF
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
Top hospitality deals in Arizona between July 1, 2013, and Dec. 31, 2014
HOSPITALITY Four Seasons Resort Scottsdale at Troon North This property is a 210-room, AAA Five diamond destination. The Four Seasons is on a 40-acre piece of land in north Scottsdale and has contractual access to the Troon North Golf Club. Strategic Hotels acquired additional land with this deal that is zoned for hotel and residential use. Strategic Hotels has ownership interests in 17 U.S. and European properties, including the Fairmont Scottsdale Princess. LOCATION 10600 E. Crescent Moon Dr. Scottsdale SIZE 244,245 SF BUILT 2000 BUYER Strategic Hotels & Resorts SELLER Walton Street Capital SALE Dec. 9, 2014
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PEOPLE AND PROJECTS TO KNOW 2015
LARGEST SALE PRICE
$140M
Top hospitality deals in Arizona between July 1, 2013, and Dec. 31, 2014
[ BIG DEALS ]
HOSPITALITY Hilton Garden Inn Phoenix, Midtown This hotel, located in the financial and art districts of Midtown Phoenix, underwent a renovation in April 2014, just over a year before it was sold. LOCATION 4000 N. Central Ave. Phoenix
LARGEST SQUARE FEET
529,959 SF
VALUE $14.8M SIZE 529,959 SF BUILT 1971 BUYER Patricia Lin (Phoenix Central Hotel Venture) SELLER Castlelake (CRE Phoenix LLC) SALE May 14, 2015
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
Top hospitality deals in Arizona between July 1, 2013, and Dec. 31, 2014
HOSPITALITY The Hermosa Inn The 35-room boutique hotel and its restaurant, Lon’s, were sold by Fred Unger, who had owned the inn since 1992. The original builder, Lon Megargee, was a cowboy artist and served as his home and studio before becoming an inn. Doug Allred, the buyer, plans to add 15 rooms, reports BREW. LOCATION 5532 N. Palo Christi Rd. Paradise Valley VALUE $18.75M SIZE 31,015 SF BUILT 1936 BUYER Douglas Allred Company SELLER Spring Creek Development SALE May 6, 2015
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PEOPLE AND PROJECTS TO KNOW 2015
LARGEST PRICE PER SQUARE FOOT
$604.55/SF
[ BIG DEALS ]
Top hospitality deals in Arizona between July 1, 2013, and Dec. 31, 2014
HOSPITALITY Legacy Suites Tolleson Built in 2009 by an apartment developer, this type of extended stay property has come back fairly strong, says Chuck LaBenz, managing director of Berkadia. The 442-studio property was on the market for about a month before LaBenz saw a flow of interest from many cash players. “Once I got interest, I wished I had 12 (extended stay properties to sell),” he says. “(It has) all the aspects of a hotel, but it could be an apartment building, too. That’s what makes it nice.” The buyer, Strata Equity Group, has experience in hospitality as well as multifamily, so the property use can go either way. What really made this deal unique, LaBenz says, is that it came with a vacant 10,000-square-foot retail parcel that hasn’t been occupied since it was built in 2009. It basically came free with the rest of the property, he says. Adding that he spoke to the owner the previous week, he says their minds still aren’t made up about what to do with the retail parcel. LOCATION 1204 N. 91st Ave. Tolleson
LARGEST NUMBER OF UNITS
442 UNITS
BUYER Strata Equity Group
VALUE $13.4M
SELLER Heers Management Company/ Inland Empire Builders, Inc.
SIZE 125,455 SF
SALE Jan. 21, 2015
BUILT 2009
LISTING BROKER Chuck LaBenz, Berkadia
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
INDUSTRIAL First Solar manufacturing facility The $113.6M sale of First Solar’s Mesa manufacturing facility to Apple was expected to bring a previously vacant 1.3MSF of industrial work to Mesa. The deal brought national attention to the Valley and was awarded by multiple outlets. In February 2015, long after the plans for the facility fell through, First Solar and Apple struck an $850 million solar farm deal.
LOCATION Mesa
SALE November 4, 2013
VALUE $113,576,875
LISTING BROKERS Michael White and James Wilson, Cushman & Wakefield
SIZE 1,328,071 SF BUILT 2012 BUYER Apple SELLER First Solar
Michael White
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PEOPLE AND PROJECTS TO KNOW 2015
James Wilson
HIGHEST SALE PRICE
$113,576,875
Top industrial deals in Arizona between July 1, 2013, and Dec. 31, 2014
LARGEST SIZE
1,328,071 SF
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS: INDUSTRIAL ]
Top industrial deals in Arizona between July 1, 2013, and Dec. 31, 2014
INDUSTRIAL Thunderbird Airpark, 7305 E. Greenway Rd., (Lot 72A) Thunderbird Airpark Lot72A may sound like a land sale, but it’s actually a 36-year-old office project with aviation-oriented amenities. The helicopter friendly, below-ground fuel farm, Class-A offices flanked in marble were an ideal location, says John Meyer, who specializes in aviation property, particularly the kind of properties needed to store private jets. In March 2013, Meyer sold another, slightly smaller speciality airplane hangar for nearly $350 per square foot. The 7305 E. Greenway Rd. property was on the market for 88 days. LOCATION 7305 E. Greenway Rd. Scottsdale VALUE $3.5M SIZE 10,218 SF BUYER Sunstate Equipment Co. SELLER Westroc Hospitality/Ms Consolidated Holdings SALE Jan. 27, 2014
HIGHEST PRICE
PROCURING AND LISTING BROKER John Meyer, Airport Property Specialists, LLC
(PRICE PER SQUARE FOOT) FOR A PROPERTY >10,000 SF
$342.53/SF
John Meyer 44
PEOPLE AND PROJECTS TO KNOW 2015
[ BIG DEALS ]
Top multifamily deals in Arizona between July 1, 2013, and Dec. 31, 2014.
MULTIFAMILY Broadstone Camelback LOCATION Broadstone Camelback 2625 E. Camelback Rd. Phoenix
The purchase price on this cash sale was believed to be the highest dollar amount per unit paid for a conventional apartment project in the Valley. This would bump the sale of 253-unit Pavilions on Central apartments, which went for $185,449. In December 2010, BREW reported Alliance Residential teaming
up with AEW Capital and paying $10.5M to acquire the 4.83-acre site for Broadstone Camelback. The parcel was once planned as an 18-story hotel and condo project by Donald Trump. “Those plans fizzled when Trump’s group was denied zoning approval for the development,” reports BREW.
HIGHEST PRICE
VALUE $74.5M
(PRICE PER SQUARE FOOT) FOR A PROPERTY >10,000 SF
SIZE 220,280 SF 270 units
$272.37/SF
BUILT 2013 BUYER Heitman America Real Estate SELLER Alliance Residential AEW Capital SALE July 17, 2014 LISTING BROKERS Tyler Anderson Sean Cunningham Matt Pesch Asher Gunter CBRE
Tyler Anderson
Sean Cunningham
Matt Pesch
Asher Gunter PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
MULTIFAMILY Mirabella Luxury Apartments LARGEST PROPERTY SALE (SQUARE FEET)
Mirabella Luxury Apartments made the news in 2013 when ABC15 reported that its 200 residents were left without water for two days, following an outstanding $50,000 water bill owed to the City of Avondale. Now, it’s making news for the largest property sale at 693,902 SF.
$693,902 SF
LOCATION 3800 N. El Mirage Rd. Avondale VALUE $66.5M SIZE 693,902 SF 715 units BUILT 2007, 2009 BUYER Fowler Property Acquistions LLC SELLER Fore Property Co. Long Wharf Real Estate Partners SALE Nov. 7, 2014 PROCURING BROKER Ryan Fitzpatrick, HFF LISTING BROKERS Sean Deasy and Ryan Fitzpatrick, HFF 46
PEOPLE AND PROJECTS TO KNOW 2015
Sean Deasy
Ryan Fitzpatrick
Top multifamily deals in Arizona between July 1, 2013, and Dec. 31, 2014.
LARGEST PROPERTY SALE (UNITS)
715 UNITS
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
MULTIFAMILY University House (The Hub) This cash sale was one of the largest transactions for student housing in the United States. The Hub, later dubbed University House, is a 19-story, 637-bed apartment complex near ASU’s Sun Devil Stadium.
HIGHEST SALE PRICE
$103M
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PEOPLE AND PROJECTS TO KNOW 2015
BREW reports that prior to closing the purchase, Core Campus LLC paid $27.95M to buy a 27.136 percent undivided interest (as tenants-in-common) in the Tempe student housing project. In July 2011, BREW reported LG Development Group planning to develop
the Tempe site, which was acquired for $4.75 million by Core Campus Communities Tempe 1 LLC. With the purchase of the Tempe project, Inland American owns 6,000 student housing beds in 10 states located across the U.S. Inland American previously developed and still owns the 75-unit and 318-bed ASU Polytechnic student housing project at 5980 S. Amulet in Mesa.
HIGHEST PER UNIT PRICE
$382,900/UNIT
Top multifamily deals in Arizona between July 1, 2013, and Dec. 31, 2014.
LOCATION 323 E. Veterans Way Tempe VALUE $103M SIZE 410,416 SF 269 units BUILT 2013 BUYER Inland American Real Estate Trust SELLER CORE Campus Development DRW Trading Corporation SALE August 16, 2014 LISTING BROKERS Chris Epp Chris Bancroft Meredith Wolff Brad Goff David Lord Apartment Realty Advisors
Chris Epp
Chris Bancroft
Meredith Wolff
Brad Goff
David Lord
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
Top office deals in Arizona between July 1, 2013, and Dec. 31, 2014
OFFICE Anchor Centre The Anchor Centre, nestled in the heart of the Camelback Corridor, is comprised of a four-story and six-story office building. In November 2010, BREW reported that Anchor Centre was acquired for $52M
by David Warren of DW Capital Partners and an investment partner based in New York. The owners invested about $10M into renovating the class-A office property. On-site amenities created by the renovation
include a fitness center, a conference/ boardroom and a new 5KSF restaurant and bar. The 2014 transaction saw nearly $100 more per square foot for the property, BREW reports.
HIGHEST SALEPRICE
$85.1M
LOCATION 2201, 2231 E. Camelback Rd. Phoenix VALUE $85.1M SIZE 333,284 SF BUILT 1984-1986; 2011-2012 50
PEOPLE AND PROJECTS TO KNOW 2015
BUYER KBSIII Anchor Centre LLC SELLER AG/DWC Anchor Centre LLC SALE MAY 22, 2014 LISTING BROKERS Chris Toci, Cushman & Wakefield; Mike Beall and Chris Walker, DTZ (then-Cassidy Turley)
Chris Toci
Mike Beall
Chris Walker
[ BIG DEALS ]
Top office deals in Arizona between July 1, 2013, and Dec. 31, 2014
OFFICE Fountainhead Corporate Park The five-building office complex of Fountainhead Corporate Center was purchased by Cypress Office Properties, though BREW reports that three of the office properties were then sold for $35M to a Maryland-based staffing company, Allegis Group. In July 2005, BREW reported the seller, Principal Financial Group, bought the five-building office complex LOCATION 1620 W. Fountainhead Pkwy. Tempe VALUE $71.5M SIZE 505,018 SF
for nearly $78M. That purchase included 520,837 SF of office and 33 acres of vacant land, a portion of which was used to develop an apartment building and about 45KSF of office. BREW reports these developments were demolished and that site was combined and resold with additional land for development of another office project.
LARGEST SIZE (SQUARE FEET)
505,018 SF
BUILT 1985 through 1999 BUYER Cypress Office Properties SELLER Principal Financial Group SALE December 15, 2014 LISTING BROKERS Adam Edwards and Justin Long, Eastdil Secured, LLC
Adam Edwards
Justin Long PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
Top office deals in Arizona between July 1, 2013, and Dec. 31, 2014
OFFICE The Orthopedic Surgery Center of Arizona HIGHEST PRICE (PRICE PER SQUARE FOOT) FOR A PROPERTY >10,000 SF
$522.50/SF
LOCATION 2262 Rose Garden Ln. Phoenix VALUE $9M SIZE 17,225 SF BUILT 2006 BUYER American Realty Capital Healthcare Trust SELLER North Valley Orthopedic Real Estate Co., LLC SALE Jan. 16, 2015 LISTING BROKER Joseph Massa, Marcus & Millichap
Joseph Massa 52
PEOPLE AND PROJECTS TO KNOW 2015
[ BIG DEALS ]
RETAIL San Tan Marketplace San Tan Marketplace was one of 71 shopping centers that Blackstone/DDR acquired in a $1.93B portfolio deal from American Realty Capital Partners Inc. BREW reports the Blackstone/DDR
HIGHEST SALEPRICE
$66.1M
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PEOPLE AND PROJECTS TO KNOW 2015
venture completed the entire acquisition by assuming about $437M in existing debt and with a $800M loan from Wells Fargo Bank and CitiGroup Global Markets Realty Corp. The center’s anchor
tenants, Walmart and Sam’s Club, were not included in the deal. In April 2012, BREW reported Cole MT Gilbert (San Tan) AZ LLC paying $54.58M to acquire the SanTan Village Marketplace property.
LARGEST SIZE
283,153 SF
Top retail deals in Arizona between July 1, 2013, and Dec. 31, 2014
LOCATION 2703-2817 S. Market St. Gilbert VALUE $66.1M SIZE 283,153SF BUILT 2005 through 2007 BUYER Blackstone Group LP DDR Corp. SELLER American Realty Capital Properties, Inc. (Cole Capital) SALE Oct. 20, 2014 LISTING BROKERAGE Eastdil Secured, LLC
PEOPLE AND PROJECTS TO KNOW 2015
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[ BIG DEALS ]
Top retail deals in Arizona between July 1, 2013, and Dec. 31, 2014
RETAIL Estrella Walgreens #2243 (Mountain Ranch Marketplace at Estrella) This Walgreen’s store is one of the rare new builds, now that the company has slowed its ground-up construction. Since the Walgreen’s sells alcohol, it has a higher rent and therefore yielded a higher price per square
foot, which broker Jamie Medress says is not particularly unique for this type of property. The Californian buyer, which was represented by Marcus & Millichap as well, acquired the property through a 1031 Exchange.
HIGHEST PRICE
LOCATION 9800 S. Estrella Pkwy. Goodyear
(PRICE PER SQUARE FOOT) FOR A PROPERTY >10,000 SF
$613.63/SF
VALUE $9.094M SIZE 14,820 SF BUILT 2012 BUYER Richard A. Bocci SELLER Newland Communities/ Kitchell Development Co. SALE June 21, 2013 PROCURING BROKER Kirk Trammell, Marcus & Millichap LISTING BROKER Jamie Medress, Marcus & Millichap
Kirk Trammell 56
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Jamie Medress
presents
Most Influential Historic Buildings in Phoenix
Arizona has nearly 1,500 places and buildings on the National Register of Historic Places. About 50 of these are National Historic Landmarks. As one of the youngest states in the union, that number is impressive. New York, which leads the country in historic designations, has 5,600 properties. One can spend hours flipping through the list of historic properties, but AZRE helped jump start that by finding some of the most interesting and significant commercial real estate projects that are also on the NRHP. From segregated hospitality to the first industrial warehouse to pre-date downtown Phoenix’s railroad, here are seven influential historic projects.
Most Influential Historic Buildings in Phoenix FRY BUILDING -BAXTER BLOCK
146 E. Washington St., Phoenix Built: 1891 What it was: Trading post, retail What it is: Retail The first commercial building in Phoenix has seen many tenants and uses over the years. It’s currently the location of an eponymous sports bar founded by former Phoenix Suns player Dan Majerle.
THE HEARD BUILDING
SWINDALL TOURIST INN
1021 E. Washington St., Phoenix Built: 1913 What it was: Single-family home turned boarding house What it is: Office of AddingMachine.com This bungalow-style dwelling was initially built by a recently widowed Matilda Steyaert, whose six sons played a role in the construction, according to the National Trust for Historic Preservation. Through the ‘20s and ‘30s, the space became a boarding house for African-American visitors seeking non-discriminatory lodging. This boarding house stayed functional through the ‘80s. In 1993, Desert Mashie golf club acquired the building, which is currently the office space for AddingMachine.com
112 N. Central Ave., Phoenix Built: 1919 What it was: Office building What it is: Office building Dwight B. Heard — the newspaper mogul from Chicago who famously lobbied alongside Theodore Roosevelt for a dam in Arizona — built what was considered Phoenix’s first “skyscraper” in 1919. For 25 years, the Arizona Republic worked out of this seven-story building. The building, according to the Rudel Company, which purchased and refinished the tower in 2000, was built out of concrete made from Catalina sand.
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IN THEIR WORDS Elliott D. Pollack and Company Elliott Pollack I needed a bank big enough to support my large business portfolio, but flexible enough to turn to on a moment’s notice. I found both with Alliance.
Trammell Crow Company Catherine Thuringer Thanks to Ericka LeMaster and her team for their professionalism, creativity and responsiveness--all of which contributed to the successful closing of the construction loan for Park Lucero.
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Weiss Brown, PLLC Garland Brown Alliance Bank of Arizona has been outstanding in the services they have provided us over the years as we work to grow our small business. They make banking easy and accessible.
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Dr. Gregory Grant Photon Medical Communications As the founder and chairman of a medical software company and a native of Phoenix, I have four additional businesses that require a very personal banking experience. Joan Lessner and Alliance Bank of Arizona provide just that experience.
Beal Benefit Solutions Janet Beal Putting our clients’ needs first, our reputation over the past 38 years has been built on a foundation of trust and integrity, and we wanted those same values from our bank.
“ “
PHOENIX FEED & SEED
411 S. 2nd St., Phoenix Built: 1905 What it was: Warehouse What it is: Warehouse The Phoenix Seed & Feed Capitol Warehouse building is the oldest warehouse still standing in Phoenix. Its construction, which predates the railroad’s introduction downtown, has been historically occupied by Sturges Brothers, Arizona Paperbox Company and was acquired by Levine Machine in 2003, which restored the building’s original signage, brick by brick.
1st and only high school between 1898-1939
PHOENIX UNION HIGH SCHOOL 425 N. Fifth St., Phoenix Built: 1895 What it was: High school What it is: University Between 1898 and 1939, this was the only high school in its district. With Phoenix’s growing population, the need for more schools eventually became too large to ignore. The campus was eventually sold to a developer in the 1980s, who converted some of the space to offices. The University of Arizona College of Medicine renovated and expanded the buildings in 2007 for its Phoenixbased medical campus.
1st Building with A/C in Arizona
HOTEL SAN CARLOS
202 N. Central Ave., Phoenix Built: 1927 What it was: One-room adobe where Native Americans worshipped the God of Learning in 1874. It continued to expand as a school location for many years What it is: Hotel In 1916, the lot where the school rooms were located was purchased with the intent of building a hotel. These plans fell through, and were picked up more than a decade later by Dwight B. Heard, who financed what would become Hotel San Carlos at the cost of $850,000. This hotel was considered state of the art, due to it being the first airconditioned commercial building in Phoenix. According to the Hotel San Carlos website, guests would previously have to drag their beds outside for a cooling effect.
EL ENCANTO APARTMENTS
Encanto and Central Ave., Phoenix Built: 1939 What it was: Largest apartment complex in Phoenix What it is: Office Formerly a two-story apartment building (21 units over 15KSF), the Inter Tribal Council of Arizona, Inc., renovated the property in 1998 for its offices.
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IN COMMERCIAL
R E A L E S TAT E
PROJECTS TO KNOW
EDUCATION
College Avenue Commons....................................... 58 Sunset Heights Elementary School........................... 59 UA Old Main Renovation........................................... 60
HEALTHCARE
90th St. Medical Plaza.............................................. 64 Banner-University of Arizona Medical Center............ 64 Chandler Regional Medical Center............................ 62 Southwest Valley Urgent Care for Children................ 63
HOSPITALITY
Chateau Luxe........................................................... 66 Four Points by Shertaton Phoenix - Mesa Gateway Airport Hotel............................................................. 68 Graduate Tempe....................................................... 67
INDUSTRIAL
10 West Logistics Center.......................................... 70 Airport I-10 Center.................................................... 72 Ocotillo Brine Reduction Facility................................ 71 Southwest Industrial Center...................................... 72
MIXED USE
The Newton...............................................................74 TicketForce............................................................... 76 The Strip.................................................................. 76 The Yard................................................................... 75
]
MULTIFAMILY
Broadstone Lincoln................................................... 78 CityScape Residences............................................. 79 Envy Residences...................................................... 80 Portland on the Park................................................. 80
OFFICE
Alameda................................................................... 83 The Circuit................................................................ 82 GM Innovation Center............................................... 83 Liberty Center at Rio Salado..................................... 84 SkySong, Bldg. 4..................................................... 85
PUBLIC
Light Rail Expansion................................................. 88 Loop 303.................................................................. 87 Oakland A’s Athletic Facilities.................................... 86 Phoenix SkyTrain, Stage 1........................................ 88
REDEVELOPMENT
Luhrs Building.......................................................... 90 The Strip.................................................................. 91 Two Bros. Brewing Taphouse................................... 92 Uptown Plaza........................................................... 92
RETAIL
American Furniture Warehouse................................. 94 Arrowhead Towne Center......................................... 95 Esplanade Renovations............................................ 96 Heritage Marketplace............................................... 95 Pedal Haus............................................................... 96
PEOPLE PEOPLE AND AND PROJECTS PROJECTS TOTO KNOW KNOW 2015 2015
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[ EDUCATION ] FACTS & FIGURES PROJECT
College Avenue Commons
DEVELOPER
Arizona Board of Regents
GENERAL CONTRACTOR Okland Construction
ARCHITECT
Gensler; Architekton
SIZE
137KSF
LOCATION Tempe
START DATE January 2013
COMPLETION DATE July 2014
College Avenue Commons At a time when online degree programs are revolutionizing the way higher education goals can be obtained, College Avenue Commons is a testament to what an institution can offer the future of classroom education. Arizona State University’s fivestory College Avenue Commons is the new home for the Del E. Webb School of Construction, School of Sustainable Engineering and the Built Environment, University Tour and Sun Devil Marketplace. The building contains a 200-seat auditorium, adaptable
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PEOPLE AND PROJECTS TO KNOW 2015
classrooms, BIM, materials testing and computational labs. Every tenant has a unique entrance off College Avenue, giving its many purposes unique points of entry and “front doors,” so to speak. The building is rife with didactic features. Elements of the design and construction were modeled in 3D so students can study the building’s construction. It also includes exposed mechanical, structural and electrical systems as well as chilled water, fire alarm and data systems that can be used for instruction as well.
[ EDUCATION ] FACTS & FIGURES PROJECT
Sunset Heights Elementary School 9687 W. Adam Ave. Glendale, Arizona 85382
OWNER/DEVELOPERS
Peoria Unified School District
GENERAL CONTRACTOR
McCarthy Building Companies
ARCHITECT
Emc2 Architects Planners PC; Fanning Howey Architects
SIZE
96,500 SF
VALUE
$16.5M
START DATE
Sunset Heights Elementary School Peoria Unified School District needed Sunset Heights Elementary School. Three neighboring elementary schools were getting crowded. In a time crunch, the district forewent the typical RFP process in selecting an architect, opting instead for a contest. The architects were announced in March, the contractor in April and shovels were in the ground by September. By June of the following year, the project would be complete. With a decent budget, the only limiting factor was really space, says Justin Dent, project director at McCarthy Building Companies. The district also held contests for naming the school, which was won by a local bus driver, and the mascot was selected through a contest. “When they unveiled the mascot, they held a big community event at neighboring elementary school,” says Dent. “I was a little behind … when I got over there, I couldn’t find a parking spot. It was in the neighborhood, too. (People were) looking forward to going to school. Usually you don’t see that level of enthusiasm.” At the end of the day, there was no contest. The school opened on schedule and with 150 more
students enrolled than the expected 700. The campus itself is unique and facilitates modern learning styles. It features a two-story, 76,500-square-foot classroom building for pre-K through 8th grade, a media center, two STEM labs, a joint courtyard, a baseball field, a softball field, two regulation-size basketball courts, two grade-specific play areas, and a
solar-power-generating canopy that shades the play area. The campus also includes a 20,000-square-foot multipurpose building consisting of a cafeteria, kitchen, full gym and locker room, as well as band, choir and general music rooms. The cafeteria and gym can be divided into two functional spaces with a soundproof wall or opened up into one massive space for special occasions.
August 2013
COMPLETION DATE June 2014
SUBCONTRACTORS L.R. Cowan Concrete Stone Cold Masonry Schuff Steel Western Millwork, Inc. Shade ‘n Net Dave Bang & Associates Progressive Roofing Canyon Plastering WJ Maloney Midstate Mechanical Jenco Electric Bount Contracting Gothic Landscape Foothills Fire Protection SKF Tile
PEOPLE AND PROJECTS TO KNOW 2015
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[ EDUCATION ] FACTS & FIGURES PROJECT
University of Arizona’s Old Main Renovation 1200 E. University Tucson, Arizona 85721
OWNER/DEVELOPERS University of Arizona
GENERAL CONTRACTOR Sundt Construction
ARCHITECT
Poster Frost Mirto Mechanical & Electrical Engineer AEI Affiliated Engineers Structural Engineer Martin, White & Griffis Civil Engineer Wood / Patel Landscape Design Wheat Design Group
SIZE
25KSF
VALUE $9.7M
START DATE
February 2013
COMPLETION DATE July 2014
SUBCONTRACTORS Ace Asphalt Arizona Hardwood Flooring Babby-Henkel Building Specialties Blanco Concrete Border Glass Charles Court Construction Cox Masonry Darling Geomatics Dickens Quality Demolition Gale Insulation JB Steel Johnson Brothers Painting Kovach Building Enclosures LeBlanc Building Co. MKB Construction Premier Metals Progressive Roofing Santa Rita Landscaping Sierra Woodworks Southwest Hazard Control Sturgeon Electric Sun Door & Trim Sun Mechanical Contracting ThyssenKrupp Elevator
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PEOPLE AND PROJECTS TO KNOW 2015
University of Arizona’s Old Main Renovation Lasers, century-old relics and sliding shingles from rooftops. It sounds like an action movie, but it was just another day in the field for the construction and design teams at the University of Arizona’s Old Main renovation site. Originally constructed in 1891, Old Main is the first building on University of Arizona’s campus and the second-oldest public building in Arizona. It has been renovated several times in its day, but none as extensive as most recently. Construction crews found legendary coach J.F. “Pop” McKale’s yearbook from 1911 beneath a cabinet with a commencement announcement from 1985. The 120-year-old roof’s hand-bent terne metal shingles, which are coated in lead paint, were replaced with machine-bent steel replicas. When it came to the interiors, Sundt Construction’s Kurt Wadlington says, it was all about stripping the building down to its bare bones. “We used every scrap of material we could find,” says Wadlington. Since Sundt didn’t have any
as-built drawings from which to consult in the renovation, they used laser-scanning technology to create their own blueprints. While the president’s office became highly modern, Wadlington says a lot of work went into restoring rooms and design details. From hunting down Oregon pine (now called Douglas fir) wood for hallways’ Wayne’s coating to erecting a thin black guardrail that meets safety standards behind the outdated 30-inch-high railing. One of the spaces that stayed true
to its colors was later named the Silver & Sage room, after UA’s original colors. As the story goes, Wadlington — a third-generation UA alum — says, someone at some point got a smoking deal on blue and red uniforms. This was Sundt’s 56th project for UA. “We had a strong legacy for the UA,” says Wadlington. “Most work we’ve done in Tucson was for them. … This is a once-in-alifetime opportunity if you’re a general contractor.”
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[ HEALTHCARE ] FACTS & FIGURES PROJECT
Chandler Regional Medical Center 1955 W. Frye Rd. Chandler, Arizona 85224
OWNER/DEVELOPERS Dignity Health
GENERAL CONTRACTOR Kitchell
ARCHITECT Kitchell
SIZE
171KSF new tower; 20KSF remodel
VALUE $78M
START DATE
December 2011
COMPLETION DATE July 2014/May 2015
SUBCONTRACTORS Schuff Steel Arok Cannon and Wendt Comfort Systems USA Diversified Border Glass European Techniques
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PEOPLE AND PROJECTS TO KNOW 2015
Chandler Regional Medical Center About 191KSF were added to the existing Chandler Regional Medical Center, including a new level I trauma emergency department, new operating rooms, new operative procedure units and new patient unit floors. The hospital gained all of this 105 days early and a large contributing factor leading the project to an early completion date was an innovative prefabrication process. The head walls and patient bathrooms were prefabricated offsite and then delivered and lifted
into the building. This “muti-trade” prefabrication process accelerated the schedule, increased building quality, enhanced safety, lowered costs and allowed Dignity Health, owner of the hospital, to save about $4 million, said Brent Moszeter the senior project superintendent for Kitchell. Pre-fabrication involves a
lot of pre-planning. “If there is a mistake, you are going to make it 104 times so you need to put in the work ahead of time,” Moszeter said. The tower was completed in July of 2014 and the remodels followed the tower in May 2015. -Meryl Fishler
[ HEALTHCARE ] FACTS & FIGURES PROJECT
Southwest Valley Center Specialty and Urgent Care 1665 N. Avondale Blvd. Avondale, Arizona 85392
OWNER/DEVELOPERS
Ensemble Real Estate Solutions
GENERAL CONTRACTOR Kitchell
ARCHITECT HKS
SIZE
35KSF
VALUE $9.8M
START DATE January 2012
COMPLETION DATE March 2013
SUBCONTRACTORS
Southwest Valley Center Specialty and Urgent Care Phoenix Children’s Hospital is about three years into a 20-year lease in a healthcare building construction by Ensemble Real Estate Solutions. The two companies have a history that dates back to when the hospital’s operations resided in the Ensemble-owned Edwards Building shortly after it opened. “The most interesting thing about this project is how we worked with the hospital,” says Randy McGrane, managing director and CEO of Ensemble Real Estate Solutions. Ensemble bought the land for the PCH building in 2005. Everything was ready to go by 2008, but McGrane says it didn’t make sense to approach high construction costs on a project that would be delivered in a depressed market. “How (the economy) went was
worse than I anticipated,” McGrane says. Ensemble reevaluated the market’s construction and capital costs to find the right time to start building. It turns out 2011 was when those two metrics hit the sweet spot. “Those couple years we delayed really created a stronger demand (for the hospital),” McGrane says. The West Side Kiwanis donated $100,000 to the project and McGrane says the groundbreaking ceremony was the most wellattended he’s every seen. The importance of the project even resonated among Ensemble’s staff. McGrane shared that one of the company’s employees has a child with Down Syndrome and previously had to drive long distances to receive healthcare. A year ago, Ensemble was
Dynamic Drywall RMJ Electric Sahuaro Plumbing Sun Valley Masonry Uni-Tech SmithCraft
named the real estate strategist for Phoenix Children’s Hospital. “If I built this building and sold it immediately, I’d make a huge profit,” McGrane says. “That doesn’t honor the fact that the hospital creates the value by being there. The lease arrangements share the profits with the hospital.” Ensemble’s clients are primarily not-for-profit hospitals. McGrane, in fact, sits on the board of SunHealth and volunteers with hospitals he’s worked with. As the project for PCH neared completion, McGrane challenged the contractors and architects to keep the remaining needs for the project under budget. If they achieved this, he would donate half of the total sum to the hospital. When the project was delivered, he signed over a $72,000 check. PEOPLE AND PROJECTS TO KNOW 2015
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[ HEALTHCARE-NEW TO MARKET ] FACTS & FIGURES
90th St. Medical Plaza
PROJECT
This destination for specialty healthcare providers is less than two miles from the 433-bed acute care hospital, Scottsdale Healthcare’s Shea Medical Center. The campus, located on the Salt River Pima-Maricopa Indian Community will feature a hospital, outdoor healing garden, helicopter pad, multi-tenant medical office building, multiple-building condominium plaza and behavioral health hospital. GPE Commercial advisors notes highlights of the location includes proximity to new charter schools and old and young prospective patients.
90th St. Medical Plaza NEC 90th Street and Loop 101 Scottsdale, Arizona 85258
OWNER/DEVELOPERS Healthcare Development Group/Grosvenor
GENERAL CONTRACTOR TBD
ARCHITECT
Proteus Group
START DATE
December 2014
FACTS & FIGURES PROJECT
Banner-University of Arizona Medical Center 1501 N. Campbell Ave. Tucson, Arizona 85724
OWNER/DEVELOPERS Banner Health
GENERAL CONTRACTOR
Sundt | DPR, A Joint Venture
ARCHITECT
Shepley-Bulfinch GLHN Architects and Engineers Inc.
COMPLETION DATE 2019
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PEOPLE AND PROJECTS TO KNOW 2015
Banner-University of Arizona Medical Center In January 2015, Banner Health acquired the University of Arizona’s University Health Network and its medical center. About six months later, Banner announced plans to replace a 40-year-old portion of the newly named Banner-University Medical Center Tucson with a $400 million, 11-story, 689,000-squarefoot tower. At build out, the tower will have nearly 500 beds due to planned closures for additional hospital growth in other parts of the existing hospital building. Sundt has been building in Tucson since 1929. The Banner – University Medical Center Tucson project will be the seventh joint venture of Sundt and DPR, which began partnering in 2002. Construction is expect to begin in early 2016.
[ HOSPITALITY ] FACTS & FIGURES PROJECT
Chateau Luxe 1175 E. Lone Cactus Dr. Phoenix, Arizona 85024
OWNER/DEVELOPERS
Deepika Bhalla/Eeshvar, LLC
GENERAL CONTRACTOR Arizona Design Limited
ARCHITECT
Chavez & Associates
SIZE
50KSF
VALUE $9M
START DATE
September 2013
COMPLETION DATE February 2015
SUBCONTRACTORS Mirage Glass Johnson Windows & Doors Forrest Anderson C&W Commercial Door & Trim Mirasol Drywall Newmatic Plumbing Creative Sound & Audio Gryphon Roofing Diamond Mirror & Glass A&M Fire Protection Arizona Commercial Signs Castle Steel W&M Enterprise Eddies upholstery Sun Lighting Equipco Design Rolling Plains Torrent Resources Allied Acoustics S.I.S Dales Landscape Themeing Solutions Hardscape Resurfacing Arizona Construction & Services Group
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PEOPLE AND PROJECTS TO KNOW 2015
Chateau Luxe “This is Vegas, baby!” It may not be the official marketing line for Chateau Luxe, a new 50KSF event venue in Phoenix, but architect Ed Chavez says it’s only a crap table away from one of the swanky Nevada casinos. “Some of the subcontractors we had worked with prior said (the building) has the ‘Chavez flair,’” he says. “It has a lot of curves. I don’t like squares — there’s a lot of movement on the exterior and interior.” Luxurious touches include “lots of crystals,” unique automation, terrazzo flooring, sweeping view of south Phoenix and three sides of the building surrounded by the mountain preserve that ensure the venue will remain relatively secluded. The owner, Deepika Bhalla, a former doctor whose husband still practices, had been renting out other venue space for events but decided to build into the mountain so she would have a place of her own. Of course, building right into a mountain came with a few hard places. For instance, Chavez says, he once found a coyote in the kitchen during the building process. The development of “Little Vegas” will continue with a second phase that will one day include a boutique hotel, Chavez hints.
[ HOSPITALITY ] FACTS & FIGURES PROJECT
Graduate Tempe 225 E. Apache Blvd. Tempe, Arizona 85281
OWNER/DEVELOPERS AJ Capital Partners
GENERAL CONTRACTOR DANU Construction
DESIGNER
Andrew Alford
SIZE
98,500 SF
VALUE WND
START DATE
Photos by Christian Horan
May 2014
Graduate Tempe When Ross Housner was a child, his family would take he and his two brothers on trips to the same hotel every winter. “The hotel had everything I wanted as a young child; a pool, game room, etc,” Housner recollects. “As fun as the games and pool were, I always look back and think of the times it allowed for me, my two older brothers and parents to really connect and enjoy our time with one another and the other families there for the same reasons we were. It became a home away from home, not just a place to sleep, and something I looked forward to each winter.” Now, Housner is the acquisitions and asset manager at AJ Capital Partners, which opened one of its first Graduate Hotels concepts in Tempe last fall. Graduate Tempe moved into a former Howard Johnson hotel near Arizona State University. “The AJ Capital Partners mentality has always been to see value in properties that others do not,” says Ross Housner, acquisitions and asset manager at AJ Capital Partners. “The Twin Palms is the ideal location surrounded by a wonderful Tempe community. The exterior (and
interior) needed some love, but we knew that ultimately it would be a perfect asset for one of our first Graduate hotels.” One of the Graduate Hotel collection qualities is quirk. Funky local eateries are the in-hotel dining options and all the rooms and lobbies are popping with color and personality. Designer Andrew Alford had worked with AJCP on Hotel Lincoln, a neighborhood hotel in Chicago’s Lincoln Park, before AJCP launched Graduate hotels. “We began to travel and survey the nation’s leading college and university markets,” says Housner. “We realized
COMPLETION DATE October 2014 that while the towns were awash in enthusiasm and spirit, the hotels left much to be desired. Thus began Graduate Hotels.” It’s about more than color in the boutique boom. It’s about personalization and making a place in a community. “Andrew has the ability to create unique, smart and witty spaces – all with different personality and sensibility,” Housner says. “Through partnerships with local artists, the universities and community, we aim cultivate the spirit of the local community in a bright new way.”
PEOPLE AND PROJECTS TO KNOW 2015
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[ HOSPITALITY ] FACTS & FIGURES PROJECT
Four Points by Sheraton 6850 E. Williams Field Rd. Mesa, Arizona 85212
OWNER
Gila River Indian Community
DEVELOPER
Wild Horse Pass Development Authority
CM
Tynan Group
GENERAL CONTRACTOR W.E. O’Neil
ARCHITECT
RSP Architects
SIZE
83,900 SF
VALUE
$15.5M
START DATE
February 2014
COMPLETION DATE April 2015
SUBCONTRACTORS AME Electric Deer Valley Plumbing Tempe Mechanical Ellison-Mills TPAC Stonecold Masonry Berg Drywall Division Nine Jones Concrete Stonecreek Concrete Kelley Bros. Western Millwork Schindler Aero Fire Protection Southwest Interiors Scuderi Tile California Pools Lutz Wallcovering Apex National Decorators Riteway Thermal
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PEOPLE AND PROJECTS TO KNOW 2015
Four Points by Sheraton Four Points by Sheraton PhoenixMesa Gateway Airport Hotel is a 74,000-square-foot, 134-key hotel that includes a bar & restaurant, private dining, fitness room and 2,000 square feet of meeting and event space. Toka Sticks Golf Club and Grille is 3,900 square feet and includes a pro shop, patio and 4,000-square-foot cart barn. It may look like a golfer’s paradise now, but Kimberly Warzynski would tell you the site seemed to have a rain cloud over it for a few months. When the “50-year-storm” hit the Phoenix Metro, flooding Loop 202, Warzynski and Co. were trying to install gas and main utilities in a “sinking mud pit,” she recalls. Another sky-related issue arose
when Maricopa County asked the construction crews to obtain a dust control permit that wasn’t required by the Gila River Indian Community, where the project was being built. Since it’s an urban spot in the middle of Mesa, issues that differ between the entities added a few layers of extra work. The Toka Sticks Golf Course remained open during construction, and Warzynski says the project was off to a quick start. Which is good, because, overall, the project’s phases finished behind schedule due to weather delays. Immediately after winning the job, W.E. O’Neill had to move entities from Wild Horse Pass, Tynan Group and Toka Sticks Gold Resort to demolish existing
facilities. The golf club and its new restaurants were turned over six months before the hotel, which Warzynski says was a boost for the end users as well as the team, which could dine in and appreciate its own work while finishing the hotel. “It’s always great when the end user — Troon Golf and Four Points — to see what they go through and to see how appreciative they are,” she says. “It’s like a big present for them. It’s finally yours and you can take ownership and be a part of that process. … We could go there for lunch and be a part of that process and see what worked and what didn’t. For instance, the hand dryers were in the wrong spot. Seeing the upgrade and experience is really just a great impact for us as a team.”
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[ INDUSTRIAL ] FACTS & FIGURES PROJECT
10 West Logistics Center 6200 W. Van Buren St. Phoenix, Arizona 85043
OWNER/DEVELOPER
Wentworth Property Company
GENERAL CONTRACTOR Graycor
ARCHITECT
Butler Design Group
BROKERAGE DTZ
SIZE
80 acres
VALUE WND
COMPLETION DATE Summer 2014
10 West Logistics Center When the average person thinks of an industrial building, he or she imagines a big, high-ceilinged box. However, the big, high-ceilinged boxes of 10 West Logistics Center were the first of their kind in Arizona. The class-A master planned bulk distribution business park was one of the first speculative industrial developments that brought 36-foot clear heights to the market. The project, at full build out, can sustain two industrial buildings totalling more than 1.3 million square feet. 10 West was originally designated
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PEOPLE AND PROJECTS TO KNOW 2015
for high-density residential. By working with neighbors to gain support for an industrial development, the site was successfully rezoned. “(10 West was the) first 36-foot clear (height) spec building in the state,” says Jeff Cutberth, principal of Butler Design Group. “(It is) setting a new ‘market standard’ for large spec distribution buildings.” There was a 12-foot fall across the site, but Butler Design Group designed the project so both buildings could be constructed
with the same floor elevation. This provided flexibility to combine or expand the first phase building, Cutberth says. “(I) love the challenge of creating both a marketable and memorable design solution within a limited budget,” says Cutberth. “(This was a) great client who understands both the functional aspects of distribution facilities while appreciating the market value of creating a thoughtful design statement that can help promote tenant identity.”
[ INDUSTRIAL ] FACTS & FIGURES PROJECT
Ocotillo Water Reclamation Facility 3737 S. Old Price Rd. Chandler, Arizona 85248
OWNER
City of Chandler
DEVELOPER
Global semiconductor manufacturer
GENERAL CONTRACTOR Sundt Construction, Inc.
ARCHITECT
Carollo Engineers
START DATE June 2012
COMPLETION DATE June 2014
Ocotillo Water Reclamation Facility The Ocotillo Water Reclamation Facility in Chandler supports the City of Chandler’s Reverse Osmosis Facility as it treats waste streams brought on by the semiconductor’s recently built fabrication facility. Completed in 18 months, the water treatment plant reduces the volume of brine leaving the osmosis facility as well as recovers high-quality water that can be used in place of potable water from the city. Sundt and Carollo Engineers, Inc. were the design-build teams selected by a global semiconductor manufacturer to complete the modifications to the plant. This project involved working with a lot of stakeholders, who each had very specific requirements and priorities but with the same goal of building a plant that efficiently delivers usable water, said Sundt Vice President and Project Executive Greg Ayres. At the Associated General Contractors of America 2015 Alliant Build America Awards, Sundt won the Environmental Enhancement
category for its work on the this renovation construction project in Chandler. “This prestigious award is a reflection of the hard work, dedication and innovation that was needed from our design-build team to successfully deliver such a highly
complex, technical project,” Ayres said. Sundt has been the general contractor on multiple other complex water treatment projects in the area including plants in Gilbert, Peoria and Tucson. -Meryl Fishler
PEOPLE AND PROJECTS TO KNOW 2015
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[ INDUSTRIAL ] FACTS & FIGURES PROJECT
Southwest Industrial Center 7775 W. Buckeye Rd. Phoenix, Arizona 85043
DEVELOPER
Hillwood, A Perot Company
GENERAL CONTRACTOR
Hillwood Construction Services
ARCHITECT WND
SIZE
+/-684,420 SF (Expandable to 1,251,608 SF)
BROKERAGE FIRM CBRE
START DATE March 2014
COMPLETION DATE October 2014
SUBCONTRACTORS Ace Asphalt Aero Automatic Bell Steel Canyon State Electric Levake Construction Markham Contracting Panelized Roof Suntec Concrete
[ NEW TO MARKET ] FACTS & FIGURES PROJECT
Airport I-10 Business Park 24th Street and Rio Salado Parkway Tempe, Arizona 85281
OWNER/DEVELOPERS
Wentworth Property Company Clarion Partners
GENERAL CONTRACTOR Wespac Construction
ARCHITECT
Butler Design Group
COMPLETION DATE Phase 1: 2014 72
PEOPLE AND PROJECTS TO KNOW 2015
Southwest Industrial Center Phase 1 of this development is a 684,420 square-foot cross-dock distribution facility delivered in October 2014. Phase II will be a 567,188-square-foot build-tosuit or land sale, according to the Hillwood website, though it could be added to Phase I to create
a 1,251,608 SF facility. Phase I features 32-foot clear height, 126 dock doors, 52-feet-by-50-feet column spacing, an ESFR fire suppression system, 384 parking stalls, 180 trailer parking stalls, office to suit and concrete truck courts.
Airport I-10 Business Park As one of the largest speculative industrial developments in the Valley, Airport I-10 doesn’t have to do much to stand out. At full build-out, the 60-acre site will have five class-A buildings. The property, built on an old landfill, changed several times before Wespac got involved six years ago, says Superintendent Ted Sanchez. In addition to sink holes, discoveries of “rebar forests” beneath the surface, in-depth soil analyses and a burrowing owl population’s interests to protect, the previous land use created surprises and challenges. “It was a thinking job,” Sanchez says.
This facility also has the potential for a Foreign Trade Zone designation. “Hillwood is excited to be in the market with their flagship development and is interested in other opportunities,” says Brian Wilson, the Phoenix market leader for Hillwood.
[ MIXED USE ] FACTS & FIGURES PROJECT
The Newton 300 W. Camelback Rd. Phoenix, Arizona 85013
OWNER/DEVELOPERS Venue Projects Changing Hands Beckett’s Table
GENERAL CONTRACTOR Venue Projects
ARCHITECT
John Douglas Architects
SIZE
18,600 SF
VALUE WND
START DATE March 2012
COMPLETION DATE October 2014
The Newton The Newton, housed in what was formally Phoenix’s iconic Beef Eaters restaurant, is now a mixeduse concept where people can read, dine and shop. From 1961 through 2006, Beef Eaters was a gathering place for Phoenicians. However, when owner Jay Newton died in 2006 the restaurant shut its doors and the building sat vacant. The vacancy of the building took a toll on its condition. There were a lot of structural issues and the roof was leaking, but Venue Projects had a vision for the space as a small urban mall with a collection of tenants. The original Beef Eaters structure was a 15,000-square-foot restaurant and banquet facility. “We wanted to reposition the building into a modern gathering space that is a modern interpretation of what the Beef Eater was,” said Lorenzo Perez, co-owner and founding member of Venue Projects. This adaptive reuse project is now the home to the Phoenix location of Changing Hands Bookstore, Southern Rail Restaurant, Southwest Gardener and Christofolo Schermer Consulting. The building also houses a venue with three private
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PEOPLE AND PROJECTS TO KNOW 2015
event spaces. The design concept was deductive rather than additive and peeled the onion back to the original structure, Perez said. The location of this building is also key as it resides along Camelback RoadCentral Avenue light rail corridor and has prime proximity to historic residential neighborhoods. -Meryl Fishler
[ MIXED USE ] FACTS & FIGURES PROJECT
The Yard 149 S. Farmer Rd. Tempe, Arizona 85281
OWNER/DEVELOPERS
Common Bond Development Group
GENERAL CONTRACTOR GCON Inc.
ARCHITECT
Nelsen Partners/FM Group
SIZE
25KSF
VALUE WND
START DATE March 2014
The Yard Six years ago, Brian Frakes and Sam Fox toured the towering metal warehouse on the west side of the railroad tracks in Tempe. A former citrus packing plant and furniture warehouse, the location was slightly removed from the hustle of the “east side” of the tracks, where Mill Avenue’s dining scene roars to life every night. “We fell in love with it, but we didn’t know what to do with it,” says Frakes. “We couldn’t get our arms around it.” Fox and Frakes talked about turning it into a headquarters for Fox Restaurant Concepts, but the idea receded when an opportunity to redevelop an old motorcycle garage on 7th Street and Camelback Road presented itself in uptown Phoenix. This would eventually become the first “Yard” concept for Fox. Meanwhile, the Tempe building sold to tech firm Best IT that envisioned it as its new office space. They couldn’t get their arms around it either, Frakes says, so he took Fox back through the building. “We were still in love with the building but had to close in five days,” he says. “We needed (The Yard) at 7th Street to happen first to come up with the Yard concept
COMPLETION DATE Fall 2014 for Tempe.” The Yard at Farmers Arts District is 25,000 square feet, not including the outdoor yard area with corn hole and yard games. It’s the largest concept Fox has worked on and the largest project Common Bond has completed. The project was a big risk, Frakes says, of developing a restaurant in an otherwise underdeveloped retail area. “Crescent Communities has a piece of property that tied up west of us (for a 350-unit multifamily project),” he says. “They wanted to understand the area and why we chose it. People think of Tempe and think of students. … The students are icing on the cake of the
performance of the restaurant. It’s built around non-students. I told them, ‘This is the new Tempe. It’s not just ASU.’ We’re in the infancy of what Tempe is going to become.” The Yard’s tenants include Culinary Dropout, Madison Improvement Club and Over Easy. “What I love the most about the project now that it’s open; It just fits,” Frake says. “If you look at how the building looks and the employees, it just has that feel and character that it has a lot of soul and fits with what it’s supposed to be. That makes me the proudest. We kept the character of the building all the way through from the design and the tenants.”
PEOPLE AND PROJECTS TO KNOW 2015
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[ MIXED USE ] FACTS & FIGURES
TicketForce
PROJECT
TicketForce’s Gilbert headquarters will bring a bit of the Pacific Northwest to downtown Gilbert. The three-story building will offer a historic-meets-modern style that was inspired by a visit to the Burnside Rocket Building in Portland, Ore. That mixed-use project was completed in 2007 and won an Urban Land Institute Award of Excellence. The ground floor of TicketForce
TicketForce 313 N. Gilbert Rd. Gilbert, Arizona 85234
OWNER/DEVELOPERS TicketForce
GENERAL CONTRACTOR LGE Design Build
SIZE
12KSF
VALUE WND
START DATE January 2015
COMPLETION DATE Q1 2016
FACTS & FIGURES
Rivulon
PROJECT
When a company worth more than $1B in real estate investments turns dirt on a hay field in Gilbert, you know change is blowing in the wind. Nationwide Realty Investors, led by Brian Ellis, have mapped out a mixed use master plan at Gilbert Road and Loop 202 that will bring a commercial hotel, retail, residential and more than 3MSF of Class-A office space to the former hay capital. The first completed office is a three-story build-to-suit for Isagenix, expected to be completed in December 2015. “We think that’s an incredible asset to the region and the 202 corridor,” says Gilbert Economic Development Department Director Dan Henderson. “It creates yet another area for traffic flow to come into the community, exit and circulate north and south of Loop 202.” Henderson added that the development plans have also spurred interest in adding a new interchange along Loop 202 and a more in-depth, yet unfunded study of the corridor.
Rivulon Gilbert Road and Loop 202
OWNER/DEVELOPERS Varies
ARCHITECT Varies
SIZE
250 acres
VALUE $750M
START DATE
December 2014
COMPLETION DATE TBDz
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PEOPLE AND PROJECTS TO KNOW 2015
will offer approximately 5,000 square feet of retail and restaurant space, with a two-story patio and greenery. The second floor features 4,800 sqaure feet of office space to be occupied by TicketForce. And the top floor will include an 800-square-foot flex space for events as well as a 2,000-squarefoot women’s co-working space. This was a vision for Lynne King Smith, the female CEO of
TicketForce. “It’s finally hitting Arizona that people want unique projects,” says Dave Sellers, president of LGE Design Build. “No more cookie cutter. ... Every country you go to, you see this type of development — not urban sprawl.” He adds, “We’re trying to be very cautious about what we bring to the market down there. Three stories is cool. ... It’s going to be really neat. A company that’s kind of local is thinking that’s where it wants to put its office. I would want to be in downtown Gilbert.”
[ MULTIFAMILY ] FACTS & FIGURES PROJECT
Broadstone Lincoln 7100 E. Lincoln Dr. Paradise Valley, Arizona 85253
OWNER/DEVELOPERS
Alliance Residential Company
GENERAL CONTRACTOR
Alliance Residential Builders
ARCHITECT
ORB Architecture
SIZE
219KSF
VALUE $50M
START DATE Q3 2012
COMPLETION DATE Q2 2014
Broadstone Lincoln Do you ever think to yourself, “I’m at this restaurant at least twice a week for happy hour after work, wouldn’t it be great if I didn’t have to deal with valet and driving home afterward?” That’s at least what brought a few tenants into Broadstone Lincoln, says Ian Swiergol, managing director of Alliance Residential’s Southwest division. When Alliance closed on the land that’s now buzzing with diners at SumoMaya, the Phoenix Metro was still licking its wounds. “We hadn’t seen a rejuvenation of rental resurgence,” he says. When the company decided to build Broadstone Lincoln, a rental community among a for-sale
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PEOPLE AND PROJECTS TO KNOW 2015
region, it had to offer a higher standard of living. The building is also the second LEED-H Platinum certified building in Alliance’s national portfolio. “We didn’t change the way we constructed the community,” says Swiergol, who added that it was out of curiosity and interest in Scottsdale’s own push for green building that made Alliance test its methods. He says this has contributed to higher retention over the last two years. Occupancy is 94 percent with 98 percent of the units leased since January, says Swiergol, who has a friend who lives
in the community and often gives him unfiltered feedback. The 264-unit community sits on 5.31 acres of land and is situated within the City of Scottsdale; its western property line borders Paradise Valley, providing an appeal to the 35+ and emptynester demographics as well. In an area with an average home value of more than $390,000 and average household income well over $100,000. “(Broadstone Lincoln has the) same views you’d get in Paradise Valley, but (you can) enjoy it from a rental,” Swiergol concludes.
[ MULTIFAMILY ] CityScape Residences The first thing you’ll notice about the CityScape Residences is how good it smells. Actually, the first thing you may notice is a staff member shooting a man on a fixie bicycle eating a donut and doing donuts around the lobby for an Instagram video about National Donut Day. Then, you’ll notice the smell. “It’s sweet pea,” General Manager Travis Shumake says with a smile in the elevator, while heading to the 15th floor. “The club smells like ‘Angel.’” Shumake,
a young gun hired for his track record with Alliance Residential, lives in a model penthouse where every tour of CityScape Residences ends. He knows the residents — he stops once for some small talk with the CEO of the GRID Bike Program — and lives like one to ensure the lifestyle is exactly what he’s promising when leasing to new tenants. Shumake also knows the staff; He commissioned one of the bellmen to paint landscapes of Phoenix for the residences. He
FACTS & FIGURES also played a role in assembling the Downtown Phoenix Neighbor Association in order to get his concerns with a loud bar’s noise heard by city council. The group now includes 900 units’ interests. “From bucketing concrete 200 feet in the air over active light rail lines to isolating construction noise while celebrity hotel guests slept feet below, the construction of this 224-unit luxury apartment community was a unique challenge,” Shumake says. The community features a fitness center, 14th floor open aired pool deck and 23 two-story penthouses. CityScape Residences is the second apartment complex in the U.S. to be built atop a Kimpton hotel. All residents receive perks, such as dog walkers, laundry service, room service, valet and maid service. There are about 200 staff members who work on a 24-hour rotating schedule, he says. The apartments were 84 percent pre-leased and are 75 percent occupied. Renters attend events together, their key fobs get them discounts at businesses around town, and they even share a chilled water loop with the Phoenix Convention Center and Chase Field, which provides a cooling system that’s cheap and easy to control with state-of-theart tech in each apartment.
PROJECT
CityScape Residences 11 S. Central Ave. Phoenix, Arizona 85004
OWNER/DEVELOPERS RED Development
GENERAL CONTRACTOR Hunt Construction
ARCHITECT
SmithGroupJJR (shell, core) ORB Architecture, LLC (interior) PK Engineering (structural); DEA (civil)
PROPERTY MANAGEMENT Alliance Residential
SIZE
233,690 SF
VALUE WND
START DATE January 2013
COMPLETION DATE August 2014
SUBCONTRACTORS HACI Suntec Jen Maloney Walters and Wolf Kovach
PEOPLE AND PROJECTS TO KNOW 2015
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[ MULTIFAMILY-NEW TO MARKET ] FACTS & FIGURES
Envy Residences
PROJECT
July 2016
The first luxury condominium tower in Old Town Scottsdale’s entertainment district has started construction. ENVY condominiums will bring 89 for-sale residences and a residents=only Black Label Lounge to what will be the tallest building east of Scottsdale Road. The building’s design, architecture and gold glass will contribute to a unique day and night look that isn’t seen anywhere else in the state, said Dan Richards, partner at Deco Communities. The building is designed in a “bride and groom” fashion, with the east part as the masculine side with darker colors and the west more feminine, Richards said. -Meryl Fishler
FACTS & FIGURES
Portland on the Park
PROJECT
Habitat Metro’s Tim Sprague and business partner John Hill have gone from developing in Portland, Ore., to bringing Portland Place and Portland on the Park to downtown Phoenix. When Habitat Metro answered an RFP for the downtown Phoenix site where it built Portland Place, it was one of three contending companies. It was 2003, predating the light rail and ASU Downtown. “Living in downtown Phoenix wasn’t something people talked about,” Sprague says. But he and his partner did. They sat in the living rooms of neighboring homes and talked to residents. Sprague, who has a law degree, even ended up tending bar in the Roosevelt District to get to know the neighbors. Now, more than a decade later, the company is breaking ground on phase two of the project — Portland on the Park. Downtown reached a tipping point 10 to 12 months ago, Sprague says. Less than two months after the project broke ground, it is 20 percent leased.
Envy Residences 4424 N. 75th St. Scottsdale, Arizona 85251
OWNER/DEVELOPERS Deco Communities
GENERAL CONTRACTOR UEB builders
ARCHITECT
Harley Ellis Devereaux Works Bureau
COMPLETION DATE
Portland on the Park 1017 N. Central Ave., Ste. 3 Phoenix, Arizona 85004
OWNER/DEVELOPERS
Habitat Metro/Sunbelt Holdings
GENERAL CONTRACTOR UEB Builders
ARCHITECT DAVIS
COMPLETION DATE October 2016
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PEOPLE AND PROJECTS TO KNOW 2015
[ OFFICE ] FACTS & FIGURES PROJECT
The Circuit 615 S. River Dr. Tempe, Arizona 85281
OWNER/DEVELOPERS EverWest Real Estate Partners CarVal Investors
GENERAL CONTRACTOR RSG Builders
ARCHITECT Gensler
SIZE
193KSF
VALUE
$4.73M
START DATE
November 2014
COMPLETION DATE
The Circuit
SUBCONTRACTORS
How can a 193,000-square-foot, former electronics manufacturing warehouse belonging to Jabil not be re-purposed into a high-tech office space? The former warehouse built in the ‘80s and expanded in the ‘90s had tall ceiling heights, a large floor plate and is already in the buzzing hub of Tempe. “It’s truly one of these gem older warehouse building from the ‘90s,” says Jay Silverberg, design director
May 2015
M&J Construction Keystone Concrete Precision Glass Desert Structures Interior Logic Ganando Painting Integrity Electric Alliance Plumbing
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PEOPLE AND PROJECTS TO KNOW 2015
and principal at Gensler. “The unique-ness of finding a big box like that is so rare right now. This developer had such great vision and foresight.” More than 250,000 square feet of the office building are served by natural daylight from an array of skylights created by removing hundreds of air conditioning units from the roof and roof hatches. Gensler also cut into the facade
of the masonry building to install floor-to-ceiling windows. The office will also influx a 400-foot porch on the north side with amenities every tech office needs, like a bocce ball court. “Older buildings are becoming so far and few between,” Silverberg says. “It’s all about location, next to amenities. The location certainly has a great value…almost as great as the building.”
[ OFFICE ] FACTS & FIGURES PROJECT
GM Innovation Center 2900 W. Geronimo Place Chandler, Arizona 85224
OWNER/DEVELOPERS
Chandler Freeway Crossing, LLC which is a subsidiary of Mark IV Capital, Inc.
GENERAL CONTRACTOR The Whiting-Turner Contracting Company
ARCHITECT
Balmer Architectural Group
SIZE
168,583 SF
VALUE WND
GM Innovation Center Location is always a factor, but location played an imperative role in General Motors’ innovation center from idea to design. GM selected Chandler Freeway Crossing as the last of its four sites across the country to house their Information Technology Innovation Centers, which bring the company’s innovation capabilities and strengthens in-house. GM looked for locations with high quality of life and where they would be able to attract technologically capable
The Alameda Remember choices you made in the ‘80s? The building on the lot of Alameda is akin to those pastel Miami Vice button-downs. But the location is amazing, says Jay Silverberg, principal at Gensler. “Older buildings are becoming so far and few between,” he says. “Next to amenities, the location has a great value — almost as great as the building.” The ‘80s industrial building wasn’t cool, but that didn’t deter Silverberg’s approach to it becoming a creative office. “You’re able to transform one use of the building into something better than it was,” he says. “This project is a great example of a developer’s investment in place.”
employees, said Paul Cate the CEO of Mark IV Capital. Mark IV Capital entered into a 170,000-square-foot build-to-suit for an office building at Chandler Freeway Crossing with GM. The innovation center was made specifically for GM, but Mark IV still wanted the design to be consistent with the other phases at the business park, but not parallel, Cate said. The building’s orientation and design was also greatly influenced by its location and the building was constructed to take
START DATE advantage of its prime location next to the freeways. “Because of its’ orientation we didn’t want the freeway side, the back of the building, not to show well,” Cate said. The backside of this building is designed with a similar entry facade to the front of the building. Additionally, because of the location they designed the building to take advantage the views of the freeway, mountains and Chandler Fashion Center. -Meryl Fishler
July 2013
COMPLETION DATE June 2014
[ NEW TO MARKET ] FACTS & FIGURES PROJECT
The Alameda 1655 W. Alameda Dr. Tempe, Arizona 85282
OWNER/DEVELOPERS
Wentworth Property Company Northwood Investors
GENERAL CONTRACTOR Kennedy Design Build
ARCHITECT Gensler
COMPLETION DATE
Mid-2015
PEOPLE AND PROJECTS TO KNOW 2015
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[ OFFICE ] FACTS & FIGURES PROJECT
Liberty Center at Rio Salado 1850 W. Rio Salado Parkway Tempe, Arizona 85281
OWNER/DEVELOPERS Liberty Property Trust
GENERAL CONTRACTOR See below
ARCHITECT See below
SIZE
See below
VALUE
Liberty Center at Rio Salado
START DATE
On a summer night in 2010, the a dam on the west end of Tempe Town Lake burst, sending nearly 750,000 gallons of water into the Salt River bed. This was the catalyst for Liberty Property Trust’s first groundup project — a 1MSF office and industrial park on one of the last large parcels of land Tempe owned. “Tempe was looking for ways to generate new revenue,” says CreecyHerman. “This piece of land was the last one available in the City of Tempe. They realized they didn’t have the manpower to turn this land into a commercial development.” In 2012, LPT’s status as a REIT
WND
December 2013
COMPLETION DATE See below
SUBCONTRACTORS See below
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helped them win the project. In the last 18 months, the company has completed 400,000 square feet of development, much of it speculative. Overall, it’s nearly 100 percent leased. The speed of building is partially due to the fact that pre-leasing has been so successful, Creecy-Herman says. DriveTime and WageWorks are among the tenant roster. Every building is LEED Certified Gold, which means its operations can be up to 20 percent more efficient than a standard new build and up to 50 percent more efficient than a 10-year-old building. The land had been in Tempe’s
BUILDING I, 1850 W. RIO SALADO PKWY.
BUILDING II, 1910 W. RIO SALADO PKWY.
DRIVETIME BUILD-TO-SUIT, 1720 W. RIO SALADO PKWY.
PRODUCT TYPE Office
PRODUCT TYPE Office
PRODUCT TYPE Office
SIZE 155KSF
SIZE 155KSF
SIZE 96KSF
GENERAL CONTRACTOR Wespac Construction
GENERAL CONTRACTOR Wespac Construction
GENERAL CONTRACTOR Wespac Construction
ARCHITECT RSP Architects
ARCHITECT RSP Architects
ARCHITECT Butler Design Group
COMPLETED October 2014
COMPLETED April 2015
COMPLETION October 2015
SUBCONTRACTORS
SUBCONTRACTORS
SUBCONTRACTORS
Suntec Concrete, S&H Steel, Demers Glass, Diversified Roofing, Coreslab Structures, DP Electric
Suntec Concrete, S&H Steel, Demers Glass, Diversified Roofing, Coreslab Structures, DP Electric
Suntec Concrete, Bell Steel, Demers Glass, Diversified Roofing, Coreslab Structures, Wilson Electric
PEOPLE AND PROJECTS TO KNOW 2015
ownership for years. Creecy-Herman notes, it was first owned by Mexico, then the U.S. government, Tempe and now Liberty Property Trust. To celebrate the land’s history (and to meet Tempe’s art requirement), local artist Kevin F. Berry designed up-to-17-foot tall torch sculptures that represent its namesake (Liberty) as well as an agave-looking flame, a Hohokam indian basket, saguaro cactus and blue and green glass reminiscent of the Salt River near the property. The site plan includes more office and industrial space as well as a prospective hotel and retail development.
215,000 SF SPEC. INDUSTRIAL BUILDING, 2040 W. RIO SALADO PKWY. PRODUCT TYPE Industrial SIZE 215,000 SF GENERAL CONTRACTOR TBD ARCHITECT Deutsch Architecture Group COMPLETION December 2015 SUBCONTRACTORS TBD
BUILDING III, 1930 W. RIO SALADO PKWY. PRODUCT TYPE Office SIZE 134KSF GENERAL CONTRACTOR TBD ARCHITECT RSP Architects COMPLETION May 2016 SUBCONTRACTORS TBD
[ OFFICE-NEW TO MARKET ] FACTS & FIGURES NEWTOMARKET PROJECT
SkySong 4 1355 N. Scottsdale Rd., Scottsdale, Arizona 85257
OWNER
SkySong Office 4, LLC
DEVELOPER
Plaza Companies
GENERAL CONTRACTOR DPR Construction
ARCHITECT
Butler Design Group
SIZE
150,350 SF
VALUE
SkySong 4 SkySong, The ASU Scottsdale Innovation Center, is getting its first Scottsdale Road address with the ground breaking on its fourth office building in July. “Keeping the momentum at SkySong going is what (building) four will do,” said Plaza CEO Sharon Harper. Currently in the pre-leasing phase, SkySong 4 will be a 150,350-square-foot, class-A office building anticipated to be LEED Certified by the U.S. Green Building Council, like the other three office buildings. Scottsdale owns the 42-acre property SkySong
$29.1M
resides on and has entered into a long-term ground lease with the ASU Foundation, which subleases property to master-developer Plaza Companies. SkySong 4 will have a similar design and concept to building three, which is already built. However, the interior and lobby will differ in design, Harper said. SkySong is much more than bricks and mortar, rather it is about placemaking, Harper said. Outdoor placemaking is a major element of SkySong as a whole and is what sets it apart from other office
spaces, she said. The development’s shade structure has become one of Scottsdale’s most recognizable architectural icons, and the entire development is oriented around shaded and landscaped pedestrian boulevards with public gathering places and open spaces, water features and bike paths. SkySong 4, with its Scottsdale Road address, will bring the development’s unique exterior design and outdoor tenant experience right to Scottsdale Road, Harper said. -Meryl Fishler
START DATE
September 2015
COMPLETION DATE Summer 2016
PEOPLE AND PROJECTS TO KNOW 2015
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[ PUBLIC ] FACTS & FIGURES PROJECT
Oakland A’s Spring Training Facilities 1235 N. Center St. Mesa, Arizona 85201
OWNER/DEVELOPERS
City of Mesa/Oakland Athletics
GENERAL CONTRACTOR W.E. O’Neil
ARCHITECT Gensler
SIZE
WND
VALUE
$26.9M
START/COMPLETION 2014
Oakland A’s Spring Training Facilities HoHoKam Stadium, new Spring Training home to the Oakland Athletics, may be the focus for fans last March, but the real show stopper is Fitch Park — a four-anda-half field training facility used nearly year-round by the team. The playing field — from the turf to the warning track mix — is designed to mirror the team’s hometown stadium. “The A’s cared more about (Fitch Park),” says Randy Klauss, project manager at O’Neill. “It’s where they train and practice and groom their youngsters.” It’s also where more of the funds went, especially because the former facilities at Fitch Park used by the Chicago Cubs were demolished. There are four locker rooms for trainers, umpires, coaches and players; a dining room; meeting
86
PEOPLE AND PROJECTS TO KNOW 2015
room, office space; classroom; and full kitchen. There’s also a hydrotherapy room, polar plunge, thermal plunge and a pool with an
underwater treadmill. In the team’s first Spring Training season at the newly renovated park, it set an attendance record.
[ PUBLIC ] FACTS & FIGURES PROJECT Loop 303
DEVELOPER
Arizona Department of Transportation
SIZE
35.25 miles
VALUE $145M
START DATE 1991
COMPLETION DATE Present
Loop 303 All roads lead to Rome. That phrase initially referenced the Millarium Aureum, Latin for golden milestone, a bronze monument from which all roads in Rome were said to begin and from which all distances in the Roman empire were measured. While the Valley doesn’t have a bronze statue that serves such a purpose for Phoenix, the Loop 303 construction has certainly streamlined the West Valley exodus toward the state’s copperdomed capital. The Loop 303 project included constructing a six-land freeway between US Route 60 and Peoria Avenue in Surprise and adding a connection to the Loop 303 and Interstate 10 farther to the south. “What a difference the last four years have made for drivers in the West Valley,” says Doug Nintzel, spokesman for the Arizona Department of Transportation. “In 2011, all that existed of a Loop 303 freeway was an outdated two-lane highway stretching from Thomas Road north of Interstate 10 in the City of Goodyear up to Happy
Valley Parkway in northwest Peoria. With limited locations for passing and traffic signals or stop signs still in place at most intersections, it was slow going and frustrating for local residents in the growing region about 20 miles west of downtown Phoenix.” The Loop 303 is literally majestic, with a ramp that rises 75 feet into the air. The project is continuing with an expansion of an interchange between Loop 303 and Grand Avenue in 2016.
PEOPLE AND PROJECTS TO KNOW 2015
87
[ PUBLIC ] FACTS & FIGURES PROJECT
Phoenix SkyTrain, Phase I 3400 Sky Harbor Blvd., Phoenix, Arizona 85034
OWNER/DEVELOPERS City of Phoenix
GENERAL CONTRACTOR
McCarthy Kiewit Joint Venture
ARCHITECT
Gannett-Fleming
SIZE
2,992 LF extension of Sky Train guideway system; 37KSF station; 5,100 SF core network building; 15KSF Terminal 3 renovation; nine CIP retaining walls, 2,795 LF; two 80 LF taxiway bridge extensions.
VALUE $124M
START DATE October 2011
COMPLETION DATE July 2014
SUBCONTRACTORS Malcolm Drilling Co., Inc., CSW Contractors, Case Foundation, Suntec, TPAC, Schuff Steel, Progressive Roofing, Kovach, Walters & Wolf, NKW, ThyssenKrupp, Midstate Mechanical, Delta Diversified, TP Acoustics, ISEC, Rolling Plains, Jones Concrete, Endo, Michael Valente, Sun Valley Masonry, Rite Way Thermal, AK&J Sealants, et. al.
[ NEW TO MARKET ] FACTS & FIGURES PROJECT
Central Mesa light rail extension
OWNER/DEVELOPERS Valley Metro
GENERAL CONTRACTOR Valley Transit Constructors
SIZE
3.1 miles
START DATE
Summer 2009
COMPLETION DATE Summer 2015 88
PEOPLE AND PROJECTS TO KNOW 2015
Phoenix SkyTrain, Phase I The more you know about the construction of Phoenix SkyTrain, the more it sounds like a job by former heist men. This was the biggest airport project McCarthy Building Companies Director Joe Brunsman has worked on. Every plan had two backup plans, he says. On top of it, the project moved fast. However, everything was planned out months and weeks in advance. Kiewit handled the taxiway extensions and McCarthy worked on the vertical aspects. “You’re basically building a structure that’s 40 or 50 feet in the air,” Brunsman says. “To everybody who walked out there, it looked ominous. Guys worked way up in the air.”
The other tricky part of the project came with the train company, Bombadier. The concrete platforms for the train had to be within an eighth-inch tolerance. “The platform edge had to be almost perfect,” Brunsman says. “We had one shot to pour 670 cubic yards of concrete.” To put that in perspective, a concrete truck can carry between 10 and 11 cubic yards. There were 67 concrete trucks coming at 15-minute intervals, which took 15 to 16 hours of “almost perfect” work. Another massive feat came with installing the 100,000-pound girder for the bridge across Sky Harbor Boulevard. “You only have 15 minutes to
Central Mesa Light Rail Extension The light rail brings vibrancy and life to the metros through which is crosses, and after six years of work, that will include a larger portion of Mesa. Valley Metro’s 3.1-mile light rail extension into central Mesa will finish seven months early, opening August 22. Approved in 2009, the line extends along Main Street (Apache Boulevard) from Sycamore Street to Mesa Drive, adding four new stops and one new park-andride. The project was built using Prop 400 and federal grant dollars, though operation costs will be covered by City of Mesa. To test the extension, Valley Metro and Valley Transit Constructor loaded six light rail cars with 184,000 bottles of water to simulate passengers. Overall, this equalled 105 tons of bottled water that was later donated to United Food Bank.
set it,” Brunsman says. “It was consistently intense work.” Setting the caissons along Sky Harbor Boulevard was like a game of operation. “We were threading the (six to nine-foot diameter) needle between a high-pressure gas line five feet to the north of a server line 30 feet below with a water line on the side,” he says. “When you pull out the casings, you have to be 25 feet away because the force could affect the retaining wall.” A man from Swissport, a company that sells gas, told Brunsman that if a line was hit while drilling caissons, there were not enough gas trucks in Arizona to feed the planes. McCarthy and Kiewit had 19 project milestones; 15 were hit early.
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Willmeng Construction
PLATINUM Butler Design Group CBRE Douglas Allred Company
EJM Development Co. LBA Realty The Renaissance Companies
Ryan Companies US, Inc. Wells Fargo Bank, N.A.
Duke Realty JOKAKE Construction Kimley-Horn Layton Construction Lincoln Property Company The McShane Companies
The Muller Company Mutual of Omaha Bank Opus Group Suntec Concrete Wespac Construction
Fidelity National Title Agency GPE Commercial Advisors Haydon Building Corp Hines Irgens JLL Kieckhefer Properties Kitchell KTR Lawyers Title National Commercial Services Lee & Associates Arizona Legacy Capital Advisors LGE Design Build Liberty Property Trust Mark IV Capital Merit Partners, Inc. Metro Commercial Properties MidFirst Bank Newmark Grubb Knight Frank Nitti Graycor Parkway Properties
Phoenix Design One Prologis Quarles & Brady LLP RJM Construction Roofing Southwest Snell & Wilmer Sperry Van Ness, LLC Sunbelt Holdings Sundt Construction Sun State Builders Thomas Title & Escrow Trammell Crow Company Transwestern U.S. Bank VanTrust Real Estate LLC VEREIT, Inc. ViaWest Group Voit Real Estate Services Wentworth Property Company, LLC Wood, Patel & Associates Xceligent
GOLD The Alter Group Arizona Commerce Authority Balfour Beatty Construction BjERK Builders, Inc. Cushman & Wakefield DTZ
SILVER Adolfson & Peterson Construction Alliance Bank of Arizona AME Landscape Companies BBVA Compass Beal Derkenne Construction BMO Harris Bank BRYCON Construction Cawley Architects, Inc. CenturyLink Chasse Building Team Commercial Properties Incorporated Corporate Interior Systems CoStar Group Danny White Painting, Inc. DAVIS Desert Troon Companies Deutsch Architecture Group DMB Associates, Inc. DPC Development Company EastGroup Properties Erickson & Meeks Engineering, L.L.C. EY
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[ REDEVELOPMENT ] FACTS & FIGURES PROJECT
Luhrs City Center 11 W. Jefferson St., Ste. 100 Phoenix, Arizona 85003
OWNER/DEVELOPERS
HHLuhrs, LLC (Hansji Corporation)
GENERAL CONTRACTOR
Owner/Builder (Hansji Corporation)
ARCHITECT
Awbrey Cook Rogers McGill Architects
SIZE
185KSF
VALUE
$15M in renovations
START DATE 2008
COMPLETION DATE 2010
SUBCONTRACTORS Abco West Electrical Tempe Mechanical
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PEOPLE AND PROJECTS TO KNOW 2015
Luhrs City Center In October 2007, Rajan Hansji, leader of Hansji Corporation, acquired the block on which 1920s neoclassical Luhrs Tower sits in its 10-story, arching glory. It was 10-percent occupied and a mess. The prior owner hadn’t updated the mechanical systems and much of the building was non-compliant with historic preservation. Hansji completely gutted the building, cut in a new stairwell, brought up its energy efficiency and brought it up to code. Now, the building is at a high-80-percent occupancy. From hidden steel trusses to treasures buried in the walls and concealed brick, Hansji says the team had fun with the design as they started to peel things back. Hansji admits he didn’t know much about the Luhrs history when his company first came to Phoenix in 2005. The main focus, he said, was getting a hotel site. “We acquired it, not knowing what we were getting ourselves into,” he says. “This was our first historic building we’ve ever acquired,” he says. “I didn’t have an appreciation for these buildings when we first acquired them, but after all the history behind it I have a whole new appreciation.” The Luhrs Center, in the heart of downtown Phoenix, has already gathered cultural clout with Bitter & Twisted, a handcrafted cocktail parlour on the ground floor. The tower is also looking to attract startups and tech companies. On the horizon is an $80 million, 19-story hotel — the 320-room Luhrs City Center Marriott.
[ REDEVELOPMENT ] FACTS & FIGURES PROJECT
The Strip 4700 N. 12th St. Phoenix, Arizona 85014
OWNER/DEVELOPERS Pilar Tonnesen Bill Tonnesen
GENERAL CONTRACTOR Tonnesen Design-Build
ARCHITECT Bill Tonnesen
SIZE
16,156 SF
The Strip A 1958 Bennie Gonzales precast concrete building was renovated and restored to its modern first century roots for creative office space and restaurants. “I thought the building was an architectural gem hidden in 60 years of gunk,” said building owner Bill Tonnesen. This building had a unique influence on its design. The most famous landmark in the neighborhood is one of Phoenix’s oldest gentlemen’s clubs, The Hi Liter. When Tonnesen bought this building, one of the first decisions he and his partner made was about how to address their neighbor. They decided to embrace it with creative designs, like a striper pole with statues of models and the building’s name The STRIP. The redevelopment and adaptive reuse project features a shout-out to the strip club next door, but also a shout-out to the original main tenant, a telemarketing call center. Tonnesen installed a phone outside the building that will play recordings of actual telemarketing phone calls. Even with a clear vision, the renovation did come with some challenges. The concrete structure of the building was strong, but the guts were a mess including: the mechanical, electrical and plumbing systems. The industrial, raw and deconstructed finished project is not for everyone, Tonnesen said, “60 years of wear and tear is visible and we are unapologetic about it.” -Meryl Fishler
VALUE WND
START DATE
December 2014
COMPLETION DATE July 2015
SUBCONTRACTORS Amber Steel Fabrication Inc. Bakkum Noelke Structural Engineers Hawkins Design Group Kraemer Consulting Engineers Tonnesen Inc. Statewide Contractors JRM Environmental Hutzel & Associates, Inc. Native Environmental Land Survey Services PLC Worksite Inc. The Asbestos Institute
PEOPLE AND PROJECTS TO KNOW 2015
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[ REDEVELOPMENT ] FACTS & FIGURES PROJECT
Two Brothers Tap House and Brewery 4321 N. Scottsdale Rd. Scottsdale, Arizona 85251
OWNER/DEVELOPERS
Two Brothers Brewing Company
GENERAL CONTRACTOR Platinum Commercial
ARCHITECT
PHX Architecture
SIZE
8,702 SF
VALUE
Two Brothers Tap House and Brewery
START DATE
Two Brothers Brewing Company is more than a family business between Jim and Jason Ebel. It’s also a business being relocated from Illinois to Arizona to be closer to the brothers’ parents, grandparents, aunt, cousins — you get it. “My goal is to get out here, so that’s why we’re coming,” Jason says. The architect by trade was drawn into brewing while trying to make ends meet after college. He was home brewing and working for a new brewery in Colorado. When he returned to Chicago to work as an architect in The Loop, he says brewing kept calling him. He went back to school and studied Brewing and Fermentation
WND
October 2014
COMPLETION DATE January 2015
SUBCONTRACTORS Caruso Turley Scott, NP Mechanical, NP Engineering, Redmond Food Service Planning, Hinkleys Lighting, Clean Media, High Peaks, Wallace Steel Services, Helios Systems, Younger Brothers Construction, URI Construction, Brewer Plumbing, King Co., Sullivan Concrete, Arizona Painting, Pinnacle Window & Door, Saguaro Drywall, On-Track Garage Doors, Abbey Elevators, Metro Fire Equipment, Accurate Fire Sprinkler Design LLC
[ NEW TO MARKET ] FACTS & FIGURES PROJECT
Uptown Plaza 42 E. Camelback Rd. Phoenix, Arizona 85012
OWNER/DEVELOPERS
Uptown Plaza Associates, LLC Vintage Partners LLC.
GENERAL CONTRACTOR Kitchell Contractors, Inc
ARCHITECT
Nelsen Partners, Inc
COMPLETION DATE November 2015 92
PEOPLE AND PROJECTS TO KNOW 2015
Sciences at Siebel Institute of Technology. Meanwhile, his brother was working on a law degree and running brewpubs in Chicago. The brothers opened their first Arizona business in October 2014 with Arizona Beer and Cider distribution. Less than a year later, they were at work on the tap house in the former Saddle Ranch location in Old Town Scottsdale. Jason says they weren’t actively looking to open a restaurant, but they had asked their local real estate agent to keep an eye out for potential locations. The day the building’s former contract fell through, Jason and his brother
Uptown Plaza In 1955, before shopping centers were called shopping centers, Uptown Plaza opened. The property has undergone changes since and not all were positive, says Nelson Partners Vice President and Arizona Managing Director George Melara. To reclaim the original mid-century modern design, the stucco was stripped to original brick. “We are bringing back and preserving a piece of history that has been forgotten in Phoenix,” he says. Contractors discovered original painted signage from the 1950s and are trying to save as much as possible to give the project a nostalgic feel. -Meryl Fishler
happened to be in town. Through the lassos on the wall and the mechanical bull pit, Jason, a former practicing architect, could see the potential of the space. PHX Architecture brought natural light into the red bricked building, which had previously had no windows along the entrance. In September, the second floor will feature “floating” tanks, where beer can be produced on-site. Family ties continue to weave throughout their history. The Ebels’ first tanks were donated by their grandfather, a retired dairy farmer, whose bulk milk and cream tanks could be fashioned into fermenters and aging tanks.
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Director, managing broker Cushman & Wakefield 2555 E. Camelback Rd., #300 Phoenix, Arizona 85016 602.253.7900 cushmanandwakefield.us
Director, managing broker Cushman & Wakefield 2555 E. Camelback Rd., #300 Phoenix, Arizona 85016 602.253.7900 cushmanandwakefield.us
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fter graduating with a degree in psychology, Jackie Orcutt became a risk management consultant for a sorority. After traveling for two years with that job, she returned to Phoenix. Commercial real estate was never meant to stick in Orcutt’s plans, but once she was in she couldn’t look back. She started her career at CBRE in 2007 and moved to Cushman & Wakefield four years later. Since then, she has completed more than 11 million square feet of transactions valued at more than $510 million. Her clients include American Realty Advisors, Clarion Partners, Everwest, Liberty Property Trust and ProLogis. “If I can emphasize one thing, I’m here because of a whole group of people who worked with me,” Orcutt says of her mentors, including her mother, Cathy Teeter, regional director of sales management at CBRE. “She set the tone. I juggle a lot, but that’s how I was raised.” Orcutt notably worked with industrial team Bo Mills and Mark Detmer at Cushman & Wakefield before they joined JLL. Her decision to stay at C&W after their departure would be one of the defining moments of her career. In 2014, she was named a top five producer in the Phoenix office. “You will be rewarded for the risks you can take,” she says, adding, “But I’m a planner, so my risks are very calculated.”
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
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fter graduating with a degree in psychology, Jackie Orcutt became a risk management consultant for a sorority. After traveling for two years with that job, she returned to Phoenix. Commercial real estate was never meant to stick in Orcutt’s plans, but once she was in she couldn’t look back. She started her career at CBRE in 2007 and moved to Cushman & Wakefield four years later. Since then, she has completed more than 11 million square feet of transactions valued at more than $510 million. Her clients include American Realty Advisors, Clarion Partners, Everwest, Liberty Property Trust and ProLogis. “If I can emphasize one thing, I’m here because of a whole group of people who worked with me,” Orcutt says of her mentors, including her mother, Cathy Teeter, regional director of sales management at CBRE. “She set the tone. I juggle a lot, but that’s how I was raised.” Orcutt notably worked with industrial team Bo Mills and Mark Detmer at Cushman & Wakefield before they joined JLL. Her decision to stay at C&W after their departure would be one of the defining moments of her career. In 2014, she was named a top five producer in the Phoenix office. “You will be rewarded for the risks you can take,” she says, adding, “But I’m a planner, so my risks are very calculated.”
PHOTO BY ROBIN SENDELE, AZ BIG MEDIA
30 YEARS OF EXCELLENCE
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[ MULTIFAMILY ] CityScape Residences The first thing you’ll notice about the CityScape Residences is how good it smells. Actually, the first thing you may notice is a staff member shooting a man on a fixie bicycle eating a donut and doing donuts around the lobby for an Instagram video about National Donut Day. Then, you’ll notice the smell. “It’s sweet pea,” General Manager Travis Shumake says with a smile in the elevator, while heading to the 15th floor. “The club smells like ‘Angel.’” Shumake,
a young gun hired for his track record with Alliance Residential, lives in a model penthouse where every tour of CityScape Residences ends. He knows the residents — he stops once for some small talk with the CEO of the GRID Bike Program — and lives like one to ensure the lifestyle is exactly what he’s promising when leasing to new tenants. Shumake also knows the staff; He commissioned one of the bellmen to paint landscapes of Phoenix for the residences. He
FACTS & FIGURES also played a role in assembling the Downtown Phoenix Neighbor Association in order to get his concerns with a loud bar’s noise heard by city council. The group now includes 900 units’ interests. “From bucketing concrete 200 feet in the air over active light rail lines to isolating construction noise while celebrity hotel guests slept feet below, the construction of this 224-unit luxury apartment community was a unique challenge,” Shumake says. The community features a fitness center, 14th floor open aired pool deck and 23 two-story penthouses. CityScape Residences is the second apartment complex in the U.S. to be built atop a Kimpton hotel. All residents receive perks, such as dog walkers, laundry service, room service, valet and maid service. There are about 200 staff members who work on a 24-hour rotating schedule, he says. The apartments were 84 percent pre-leased and are 75 percent occupied. Renters attend events together, their key fobs get them discounts at businesses around town, and they even share a chilled water loop with the Phoenix Convention Center and Chase Field, which provides a cooling system that’s cheap and easy to control with state-of-theart tech in each apartment.
PROJECT
CityScape Residences 11 S. Central Ave. Phoenix, Arizona 85004
OWNER/DEVELOPERS RED Development
GENERAL CONTRACTOR Hunt Construction
ARCHITECT
SmithGroupJJR (shell, core) ORB Architecture, LLC (interior) PK Engineering (structural); DEA (civil)
PROPERTY MANAGEMENT Alliance Residential
SIZE
233,690 SF
VALUE WND
START DATE January 2013
COMPLETION DATE August 2014
SUBCONTRACTORS HACI Suntec Jen Maloney Walters and Wolf Kovach
PEOPLE AND PROJECTS TO KNOW 2016
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[ RETAIL ] FACTS & FIGURES PROJECT
American Furniture Warehouse 5801 N. 99th Ave. Glendale, Arizona 85305
DEVELOPER
American Furniture Warehouse
GENERAL CONTRACTOR D.L. Withers
ARCHITECT
Butler Design Group
SIZE
635KSF
VALUE WND
START DATE
December 2013
COMPLETION DATE August 2014
American Furniture Warehouse It was Christmas Eve, 2012, and Butler Design Group Associate Clay Chiappini was putting the final touches on a project submittal for an American Furniture Warehouse to be built in Gilbert. Nearly one year later, he found himself doing the same thing for another American Furniture Warehouse project in Glendale. American Furniture Warehouse has 11 stores in Colorado and two in Arizona, both designed by Butler Design Group. The 635KSF retail showroom and warehouse were completed in about nine months, says Principal Rick Butler of the project, which has
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the presence of five football fields alongside Loop 101. “One of the reasons we got hired in the first place is we’re well-known for industrial and retail,” he says. “We brought both of those strengths together (for this project).” Butler called the partnership between his firm, contractor D.L. Withers, the developer and the city of Glendale one capable of a Herculean feat — this one being the completion of a huge showroom and warehouse before Labor Day 2014. When working with a client that prides itself on “white glove delivery” and has a
CEO, Jake Jabs, in his 80’s, there’s little room for error. A particular challenge Chiappini recalls includes stocking furniture before the warehouse was actually completed. Much of the furniture originates across the country or overseas, so it has to be ordered six to eight months in advance of putting it on the floor for consumers. There were shipping containers in Long Beach waiting to be unloaded in Glendale during construction, he adds. Butler’s team took this in stride. “If you don’t have energy and passion in this business, I don’t know what you’re doing,” Butler says.
[ RETAIL ] FACTS & FIGURES PROJECT
Heritage Marketplace Gilbert Road and Vaughan Avenue Gilbert, Arizona 85234
OWNER/DEVELOPERS MD Heritage
GENERAL CONTRACTOR LGE Design Build
ARCHITECT
AV3; Cawley Architects
SIZE
31,454 SF
VALUE WND
Heritage Marketplace In 2012, if an RFP went out in Chandler there wasn’t the big rush one can expect three years later. “(The City of Chandler was) happy we got involved,” says Dave Sellers, president of LGE Design Build. “Right now, the city could come out with an RFP (and it’d be flooded with interest). In 2012, it wasn’t like that.” Sellers is one of a handful of developers who are reshaping downtown Chandler. “When you drive downtown, and when you hit the power lines and our project, that’s when it feels like you’ve gone in a different place altogether,” Sellers says of
Arrowhead Towne Center The West Valley’s only traditional shopping mall, Arrowhead Towne Center, is getting a face-lift with new interior and exterior features, digital amenities and tenants, including charging stations and plant-based “living wall.” The renovation’s “Arizona room concept” is going to make the area more inviting with Southwest colors and textures, said Amy Malloy, senior development manager for Macerich. Macerich is working with the city to make the center’s community room a satellite location for city programs, Malloy said. -Meryl Fishler
his Heritage Marketplace projects among the Heritage District. Heritage District is the core of downtown Gilbert. It arguably started with Oregano’s and Postino, suggests Dave Sellers, president of LGE Design Build, which is working on a multi-phase, fivebuilding development of Heritage Marketplace in the core. While there are design criteria to meet, Sellers takes pleasure in the fact that not all new-builds have to look historical. Barrio Queen, which serves Mexican food prepared with French styling, is in a single-story adobe building meant to mimic Gilbert’s first
START DATE train station. The second building in phase 1 is made with pre-case concrete with a downtown metro feel. A building featuring Fox Restaurant Concepts burger joint Zingburger has an agricultural feel with a pitched roof and steel metal siding. “They’ve fallen in love with their spaces for their own reasons,” says Sellers of the restaurants. It’s as if they were built specifically for them, he adds. LGE Design Build took over the land in 2012. A developer had won an RFP from the Town of Gilbert and couldn’t pull it off, Sellers explains, of his company’s award.
Fall 2013
COMPLETION DATE October 2014
[ NEW TO MARKET ] FACTS & FIGURES PROJECT
Arrowhead Towne Center 7700 W. Arrowhead Towne Center Glendale, Arizona 85038
OWNER/DEVELOPERS Macerich
GENERAL CONTRACTOR W.E. O’Neil
ARCHITECT
505 Designs and LDA
COMPLETION DATE
November 2015
PEOPLE AND PROJECTS TO KNOW 2015
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[ RETAIL ] FACTS & FIGURES PROJECT
Pedal Haus 730 S. Mill Ave. Tempe, Arizona 85042
OWNER/DEVELOPERS Fork & Dagger
GENERAL CONTRACTOR Mahalo Co.
ARCHITECT
Tomecak Designs
SIZE
14KSF
VALUE $3.5M
START DATE January 2015
COMPLETION DATE September 2015
[ NEW TO MARKET ] FACTS & FIGURES PROJECT
Esplanade Renovations 2515 E. Camelback Rd. Phoenix, Arizona 85016
OWNER/DEVELOPERS MetLife
GENERAL CONTRACTOR Gilbane
ARCHITECT Gensler
COMPLETION DATE TBD
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Pedal Haus If you saw a man wearing an Islands server uniform on opening day of Pedal Haus, don’t be alarmed. It’s just Julian Wright, CEO of Fork & Dagger. He’s been called the man behind Mill Avenue, having developed and opened many restaurant concepts including Handlebar, La Bocca Urban Pizzeria and Gringo Starr Street Bar. Before becoming a developer, Wright almost went into the beer industry. “In retrospect, I wish I would have dug in and become a brewer of sorts,” Wright says. “Guys who started that time are so far ahead of everyone else at this point. I’ve always been around food and beverage.” Wright was originally looking
for a 2,000-square-foot warehouse in which to brew for patrons of Handlebar. However, when a gutted restaurant where he worked 20 years ago, opened up on his turf (Mill Avenue), the idea got a bit larger — 12,000 square feet larger, to be exact. For the first time in 15 years, Wright faced opposition to a project. After being quoted as describing Pedal Haus as “Handlebar on steroids,” the residents of a nearby apartment tower, W6, were up in arms about possible noise issues. Eventually, he and the residents came to an agreement and construction moved forward. Wright, who has traveled to Belgium twice in the last year and wants to see more European style beer available at Pedal Haus, said the design aesthetic was also
informed by Old World style. “We’re using tumbled reuse brick to give it that feel inside,” he says. “The building feel like an Old World European building.” It was an expensive transformation — the team spent $60,000 on brick alone — but he thinks it’s worth it. Whether patrons are kicking back on the patio, are inside, Instagramming photos of the 15-barrel system that can brew 6,000 kegs a year, or saddling up to a kitchen within a shipping container to order tapas, just don’t ask Wright if he’s planning to brew a bunch of IPAs (sales for which comprise half of all craft beer profits). “We’re going back hundreds of years,” he says of the heavy Belgian influence of brewer Derek Osborne, who is coming from BJ’s Brewhouse.
a “destination. “I think we’ve created an intimate scale and street-like configuration — a micro-climate
and shopping experience,” Silverberg says. “It’s a new urban experience on Camelback Corridor. Right now, it’s very under-utilized.”
Esplanade Renovations “It has an amazing pedigree,” muses Jay Silverberg, design director and principal of Gensler, about the Esplanade. At the nexus of 24th Street and Camelback Road, the Esplanade is an office complex for financial, legal and commercial real estate tenants. It’s also the location for many restaurants and retail patronized by employees of these tenants. The goal of the Gensler-designed renovation is to heighten brand identity and make the Esplanade experience closer to its surrounding environment with large portals of entry that create
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