NAI Horizon to lead leasing of 440,000 SF Corporate Center
PHOENIX, ARIZ. (May 8, 2017) – The repositioning of Corporate Center has begun. NAI Horizon has been assigned the exclusive leasing assignment for the 440,000-square-foot office complex along the reinvigorated I-17 corridor in North Phoenix.
Bay Pacific Corporate Center Phoenix, LLC, has hired NAI Horizon’s Troy Giammarco, Tyler Smith, and Nathan Pancrazi to lead the leasing efforts.
In addition, the architectural firm of Ware Malcomb and its team of Kevin Evernham, Niki Ward, Josh Thompson, and Amanda Wells has been hired to create the master plan for repositioning of the asset at 9630-10220 N. 25th Ave.
The improvements will bring the eight-building portfolio up to the new live-work-play requirements of today’s tenants. The multi-million dollar repositioning will consist of:
- Rebranding of the property;
- New boulevard entries and monument signage;
- Upgraded building entries and lobbies;
- Upgraded building standards for tenant improvements;
- Collaborative tenant spaces;
- Site improvements and landscape upgrades;
- On-site food-service provider.
The submarket is also undergoing a renaissance of sorts. Metro Center Mall, across I-17 from Corporate Center, was purchased by the Carlyle Group. Carlyle is redeveloping the iconic Valley landmark. The City of Phoenix is upgrading the popular, 80-acre Rose Mofford Park adjacent to Corporate Center.
“With the increase of leasing velocity in the I-17 corridor and large blocks of space for national and corporate users diminishing,” Giammarco said, “the repositioning of the portfolio is perfectly timed to take advantage of both rising corporate confidence and a shrinking pool of availabilities in the submarket. The renaissance of Corporate Center is underway.”
Corporate Center features much sought after big blocks of space with mountain views ranging from 15,000 SF to 75,000 SF. The property is ideal for national corporate back office clients. By 2026 Metro light rail will serve the area
"This amenity-rich project encompasses everything millenials want in today's workplace," Pancrazi said. "It is conveniently located on I-17 and offers multiple public and private transportation options, shortening employee commute times. Rose Mofford Park, coupled with the surge of restaurants and night life along 7th Street, embodies the environment necessary for attracting and retaining the brightest employees in today's competitive job market."
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage, Property Management and Appraisal Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
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.
To learn more visit: www.naiglobal.com.