Douglas Allred Company has started construction on another office building at Allred Park Place, a 100,622-square-foot, two-story office building located east of Price and Willis roads in Chandler, Ariz. The structure, which broke ground July 29, is the sixth speculative office building at Allred Park Place.
Mark Krison, Brad Anderson and Bryan Taute of CBRE’s Phoenix office will handle leasing the new class A office building for the San Diego, Calif.-based developer. Krison’s team also has the marketing assignment for the balance of Allred Park Place’s office buildings.
“Our Park Place project is at the center of where companies want to be,” says David Allred, executive vice president of the Douglas Allred Company. “Our product is cutting edge and future focused.”
Douglas Allred Company completed a 92,109-square-foot office building at Allred Park Place in December of 2012, which was leased to Infusionsoft, creator of a web-based, all-in-one sales and marketing software for small businesses. Other major tenants at Park Place include Healthways, the largest independent global provider of well-being improvement solutions; and International Rectifier, a world leader in power management technology.
Completion of this newest office building is anticipated by July, 2014. Balmer Architectural Group of Phoenix, Ariz., is the architect and Willmeng Construction of Mesa, Ariz. is the contractor.
“The Douglas Allred Company has done an excellent job of meeting the market with business-ready buildings,” said Krison, senior vice president with CBRE. “Our ability to be so flexible with companies has really contributed to the project’s success.”
Allred Park Place is a mixed-use business park consisting of office product, hotels and retail space along the Price Corridor. It has convenient freeway access to the Loops 101 and 202, offering tenants an easy commute from virtually any location in the Valley. The development also offers a wide array of amenities with its proximity to Chandler Fashion Center, as well as a short drive to Phoenix Sky Harbor International Airport.
Future plans for Allred Park Place include the construction of a campus of office buildings exceeding 2 million square feet.