Three projects the Phoenix office of JLL was involved in were honored at the 2017 RED (Real Estate Development) Awards last week.
Discovery Business Campus – Building 94
Discovery Business Campus – Building 94 was honored as an Infill project. Discovery Business Campus is now a 136-acre master-planned business park with Class ‘A’ office, retail, flex office and hospitality components located at the northwest corner of Loop 101 and Elliot Road in Tempe, Arizona. Prior to our involvement, the development was owned by Freescale Semiconductor. In June 2011, our team completed the sale transaction and subsequent leaseback to Freescale Semiconductor. We represented both parties in the transaction and was retained by the buyer, Wentworth Property Company (Wentworth), to formulate the vision of the re-development and repositioning of the property, and facilitate a successful leaseup. Through new zoning and entitlement efforts, Wentworth has grown the campus from 876,000 rentable square feet to a future potential of up to 2.5 million rental square feet. JLL brokers involved in this project are Karsten Peterson, Dave Seeger and Mark Gustin.
Marina Heights (Buildings 300, 400, 450)
Marina Heights was honored as an Office project. The three-building portion of the complex consists of approximately 1,300,000 square feet. The entire campus consists of 5 buildings totaling approximately 2,000,000 square feet and is now one of the premier office campuses in the region and is located in Downtown Tempe along Tempe Town Lake. It was built exclusively for a single-tenant represented by JLL’s John Pierson, and is recognized as the largest office build-to-suit in Arizona history.
The Western region customer support center for Comcast Cable was honored as a Redevelopment project. Located in Tucson, the 165,000-square-foot Comcast facility was originally built in the mid 1980s, initially serving as a multi-tenant retail mall and, later, as an American Home Furnishings store. The furniture retailer vacated the space several years ago, leaving the space empty until Comcast selected the building for its new support center.
Through a JLL-directed redesign led by Vice President Derek Ruterman, this former mall now operates as a flexible and creative corporate environment that is solely occupied by Comcast. Approximately 1,200 employees work at the site, providing IT, call center and social media services.