PHOENIX – December 3, 2018 – CBRE has negotiated a 52,608-square-foot lease at The Hub, a 298,000-square-foot, two-story creative office building in Chandler, Ariz., on behalf of Clarius Partners. Cascade Financial Services, a specialized finance company serving Manufactured Home Buyers in the affordable housing space, will relocate its headquarters to The Hub from its Gilbert, Ariz. location to accommodate future growth.
”Cascade’s focus on serving the American dream through affordable home ownership has resulted in substantial growth. We look forward to continuing this growth at the HUB and providing our borrowers with affordable options for home ownership. It has been a pleasure to work with Clarius Partners throughout the process,” said George Dover, President and Co-Founder of Cascade.
Corey Hawley and Jimmy Cornish with CBRE in Phoenix represented Clarius Partners in the lease negotiations. Tyson Breinholt with Commercial Properties, Inc. represented Cascade Financial Services.
“Clarius Partners and Walton Street Capital are excited to welcome Cascade Financial Services to The Hub as our first anchor tenant,” said Mark Balcius, Vice President at Clarius Partners. “We look forward to a successful, long-lasting relationship over the coming years.”
The Hub, which is situated on 76 acres at 2701 E. Ryan Road in Chandler, was recently repositioned from a R&D facility to a creative office building with modern finishes. The property features a light and airy lobby with collaboration and lounge areas, balconies and a rooftop patio, a full-service cafeteria, a state-of-the-art 100-seat training facility, outdoor shaded seating and BBQs.
The Hub is located in metro Phoenix’s East Valley submarket, which is home to approximately one-third of the metro’s population, and its population over the next five years is projected to grow at twice the national average.
“The City of Chandler is grateful for the investment that Clarius Partners and Walton Street Capital have made to repurpose The Hub into office space,” said Mayor Jay Tibshraeny. “We congratulate them on securing a lease with Cascade Financial Services, which further adds to Chandler’s solid financial services position. We wish the company success in their new Chandler home.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.