Colliers International Completes 247,000 SF of New Leases at Diablo Technology Park in Last 12 Months

Lease at Diablo Technology Center

Colliers International in Greater Phoenix has completed 247,000 square feet of new leases at Diablo Technology Center in the last year and is currently marketing additional space there for a data center and also a speculative suite.

The leases at 2900 S. Diablo Way in Tempe include 110,000 square feet for Computershare, 71,000 square feet for Xerox and 66,000 square feet for Emerson, a manufacturing and technology company.

Charles Miscio, an executive vice president at Colliers International, and Danny Plapp, a senior associate with Colliers International, served as brokers for the landlords, Walton Street Capital of Chicago and The Muller Company of Irvine, Calif.

Computershare is the most recent transaction at Diablo Technology Center. Dan Dobric of Newmark Grubb Knight Frank served as Computershare’s broker.

In the other transactions, Emerson was not represented by a broker while JLL served as Xerox’s broker.

Motorola Solutions is the Diablo Technology Center’s original tenant, dating back 20 years, and continues to operate on a long-term lease.

Remaining in the project is 38,000 square feet of repurposed space that Colliers International is marketing to data centers and also an 18,000-square-foot speculative suite.

The Diablo Technology Center has a new 13,000-square-foot fitness center that serves as an amenity for all tenants. In addition, negotiations are underway for a food operator, with 1,500 to 2,000 employees on campus, to serve on-site breakfast and lunch and offer catering services.

“The building’s convenient location near Interstate 10, large campus environment with amenities and ample parking attracted the tenants,” Miscio said. “Success of the project is due to strong institutional ownership through The Muller Company and Walton Street Capital.”

“In addition, Diablo Technology Park’s proximity to high-quality employees in Tempe and the landlords’ involvement helped to drive the successful transactions,” Plapp said.

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