NAI Horizon finds amenity-rich site in Chandler for software firm
PHOENIX, ARIZONA (December 12, 2016): With an office in Tempe, a Washington-based software company was looking for another location in the Valley that would offer walkable amenities to its employees. It found such a location within downtown Chandler’s urban redevelopment area.
NAI Horizon Senior Vice President Laurel Lewis represented the buyer in the $1 million sale of a 6,725-square-foot building at 398 S. Arizona Ave., in Chandler. Faithlife Corporation purchased the former grocery store from C.J.S. of Arizona LLC.
“With tech companies looking for urban cool along with the adaptive reuse trend, this was an ideal location for Faithlife,” Lewis said. “The buyer’s philosophy is ‘be the change, not wait for the change.’”
Faithlife Corporation is headquartered in Bellingham, Wash. It also has a 20,000 SF building in Tempe. It provides Bible study software along with a line of resources for Christian living, according to its website.
“It’s exciting to see this type of investment and office development convert an existing building into a new use in downtown Chandler,” Chandler Mayor Jay Tibshraeny said. “Downtown Chandler has become the epicenter for entrepreneurs and technology companies and this new facility validates our efforts to bring high-wage jobs and creative minds to a dynamic area of our city.”
The City of Chandler continues to look to its past for inspiration for new designs that fit its image as a high-tech community. The goal is to create an urban environment that is pedestrian friendly with architecture and character that is unique. This includes the creation of strategically placed parking structures, covered pedestrian walkways, striking historically inspired architecture, historic preservation and uses that will complement the community and marketplace.
Faithlife’s building will be two blocks from Chandler City Hall, entertainment, and restaurants. It is half a mile from the Loop 202. Faithlife will use the facility for software developers and sales.
About Faithlife Corporation
Since 1992, Faithlife Corporation (formerly Logos Bible Software) has grown from a couple of programmers in a basement into the largest developer of Bible study software and a worldwide leader in multilingual electronic publishing. It partners with more than 150 publishers to make more than 53,000 Bible study resources available to customers around the world. Innovation is key to Faithlife's growth. In the last few years, it has expanded from its flagship software product, Logos Bible Software, to a variety of tools to complement the Bible study experience.
For more information visit www.faithlife.com.
About NAI Horizon
Established in 1992, NAI Horizon is a full-service commercial real estate brokerage and management firm serving Arizona through its offices in Phoenix and Tucson. In June 2015, NAI Horizon became one of the few broker-owned and operated full-service commercial real estate firms in Arizona.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network which provides real estate solutions worldwide.
For more information visit www.naihorizon.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific,
with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.
To learn more, visit www.naiglobal.com.
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