C&W NEGOTIATES LEASE FOR HEALTH INSURANCE BROKER AT GILBERT OFFICE BUILDING

Cushman & Wakefield of Arizona, Inc. negotiated a 19,015-square-foot lease for HPOne at Reserve at San Tan, Phase I, located at 275 E. Germann Road.

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HPOne, headquartered in Trumbull, Conn., will now have two offices in the Valley. It currently operates a Phoenix office off the Black Canyon Highway. Founded in 2006, HPOne is a health insurance sales and marketing firm with brokerage operations licensed in all 50 states. It focuses on sales of Medicare and individual and family health insurance plans.

“The tenant chose this second site in the Valley based on quality and quantity of an employee pool in close proximity to the property,” said Michael White, Senior Director in the Office Properties group at Cushman & Wakefield. “There are numerous amenities in the area including more than 1.5 million square feet of retail and easy access to the Loop 202.”

“We’ve been extremely happy with our ability to attract and retain qualified employees for our Phoenix office,” said Bill Stapleton, Founder and CEO of HPOne. “When it came time to choose a location for additional expansion, the options for us in the Valley made the decision easy.”

White, along with Scott Garlick and John Fish of C&W’s Tampa office, represented the tenant in the transaction. The landlord, GPC Reserve LLC of Phoenix, was represented by Mike Garlick of Newmark Grubb Knight Frank.

Banner Health is an existing tenant in the building. HPOne takes occupancy Aug. 1.

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