Phoenix, Ariz. – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed a 10-year, 10,941-square-foot (sf) lease on behalf of Great Western Bancorp, Inc. in Chandler, AZ. The space will be located 180 South Arizona Avenue within the first phase of New Square Chandler, a three-building, 175,666-sf mixed-use development currently under construction. The tenant will be located within the project’s three-story, 50,400-sf building and will use 2,531 sf for a new bank branch on the ground floor, and 8,410 sf of second floor space will be used as its regional headquarters. Move-in is anticipated for January 2020.
Avison Young Associate Laurie Sandau represented the tenant. The landlord, Spike Lawrence Ventures I, LLC, a joint-venture owned by Spike Lawrence of Chandler, AZ and HCW, LLC of Phoenix, was represented by BD Baker Company.
“New Square Chandler, which is conveniently located in the heart of downtown Chandler, was an ideal fit for Great Western Bancorp,” comments Sandau. “The tenant will expand its local operations by opening a bank branch for its customers and also offering its employees all the benefits of a newly constructed class A building in an amenity-rich location.”
New Square Chandler is located directly across from Chandler City Hall and is at the corner of S. Arizona Avenue and Chicago Street. In addition to the three-story office and retail building, the project’s first phase will include a 109-room Hilton Garden Inn and a multi-tenant office building. The project will also include an event square, green space and walkability to other downtown spaces.
“Great Western Bank is thrilled to expand our presence in the greater Phoenix metro,” says Great Western Bank Group President Mark Wolff. “Our mission is to ‘Make Life Great’ by taking outstanding care of our customers. With two locations now in Scottsdale and with the expansion of our branch in the growing suburb of Chandler, we have committed ourselves to growing along with the region and its diverse communities.”
About Great Western Bank
Great Western Bank is a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western services its customers through more than 170 branches located in nine states: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Great Western Bank offers small and mid-sized businesses a suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. Great Western Bank is a wholly owned subsidiary of Great Western Bancorp, Inc. (NYSE: GWB). To learn more about Great Western Bank visit www.greatwesternbank.com.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,700 real estate professionals in 85 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.