The second of eight planned Class A office buildings at The Grand nears completion
Tempe, Ariz. – Lincoln Property Company (LPC) has officially poured the top floor of The Grand at Papago Park Center 2, bringing the building to the “topped out” stage and ushering in its final phase of construction. Grand 2 is the second of eight planned LPC-built, Class A office buildings at The Grand at Papago Park Center. The company delivered the first office building at The Grand in early 2018. That building is now fully occupied.
LPC joined with project architect DAVIS, general contractor Whiting-Turner and other major subcontractors to commemorate the benchmark.
“Grand 2 was designed and constructed by a stellar team, and the final product will reflect that expertise and attention to detail,” said Lincoln Property Company Vice President of Development and Construction Management Doug Klocke. “We look forward to delivering a building that passes on so many benefits to its future tenants.”
Located at 1027 W. Roosevelt Way in Tempe, Arizona – just north of downtown Tempe and only minutes from Sky Harbor International Airport – the 352,000-square-foot Grand 2 sits in a submarket enjoying a historically low, sub-2 percent vacancy rate and a pipeline of companies who are still actively seeking new space.
When completed in June, Grand 2 will deliver a collaborative office building that truly leads the market, with features such as 12-foot floor-to-ceiling vision glass windows and timeless contemporary furnishings. The building’s two-story lobby is accented with natural wood ceilings and joins seamlessly with a 12,000-square-foot, first-floor amenity lounge providing a full-service restaurant, TV viewing area and conference facilities with full AV technology and able to adjust to a range of group sizes.
Tenants at Grand 2 will have access to a private fitness facility with premier Peloton equipment and a rooftop lounge complete with seating areas, an architectural shade element, catering conveniences for corporate events and sweeping views of the Papago Buttes, Hole in the Rock and Camelback Mountain.
“Grand 2 is another of our highly visible and remarkable Valley of the Sun projects,” said DAVIS Founder and CEO Mike Davis. “We were inspired by its vibrant location along the Loop 202/Red Mountain Freeway, its proximity to Arizona State University and the energy of Papago Park Center. This office space anchors the mixed-use development and is destined to become a Tempe showcase.”
LPC serves as the property manager for all office space at The Grand at Papago Park Center. Jerry Roberts and Patrick Boyle of Cushman & Wakefield are the project’s exclusive leasing brokers.
Grand 2 is part of 1.8 million square feet of Class A office space being developed by LPC at The Grand at Papago Park Center, a 60-acre mixed-use development that at build out will total 3.2 million square feet of office, multifamily, hotel, retail and restaurant destinations surrounding a dynamic central water feature.
The project has approximately one-half mile of freeway frontage on the Loop 202/Red Mountain Freeway between Priest Road and Center Parkway, on the last developable parcel within the 350-acre Papago Park Center, one of Arizona’s largest business parks. It is also served by two light rail stops and two Loop 202 freeway full-diamond interchanges. Its ingress and egress plan can reduce commute times by as much as 30 percent compared to more congested, nearby office projects.
The Grand at Papago Park Center is minutes from Arizona State University, the amenities of downtown Tempe and nearby attractions including Papago Park, Papago Golf Course, Phoenix Zoo, Desert Botanical Garden, Tempe Town Lake and Phoenix Municipal Stadium. Corporate neighbors include ADP, First Solar, KPMG, MUFG, SAP, Silicon Valley Bank, SRP, State Farm and Wells Fargo.
More about The Grand at Papago Park Center is available at www.thegrandtempeaz.com.
About Lincoln Property Company
Lincoln Property Company (LPC) is an international full service real estate firm offering real estate investment, development, design/construction management, leasing and property management/ receivership/asset management services. LPC has approximately 8,000 employees with an international footprint that includes offices in 45 cities across the U.S. and six cities in Europe and South America. Since 1965, LPC has developed more than 128 million square feet of office, industrial and retail projects known for their design, quality and superior locations. It currently has more than 406 million square feet of commercial space under leasing and/or management. Lincoln is also one of the nation’s largest apartment developers, having developed more than 209,000 multifamily units and currently managing more than 165,000 multifamily units.
LPC’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001. In that time, the regional office has developed more than 3 million square feet, acquired 4 million square feet and manages almost 10 million square feet of commercial space, including major, award-winning and LEED Certified developments and investments. In 2016, the Phoenix office generated a record-breaking year with more than $233 million in investment and development activity. It is consistently ranked among Phoenix’s top commercial real estate firms for both development and property management, and was most recently recognized as an Arizona Republic Top Companies to Work for in Arizona. To learn more about Lincoln Property Company, please visit www.lpc.com or www.lpcphx.com.