JLL assigned as project’s exclusive leasing broker
PHOENIX, January 23, 2018 – Responding to record demand for high quality office space in Chandler, Arizona, developer Mark IV Capital has broken ground on 2625 at Chandler Freeway Crossing, a 153,370-square-foot, Class A office building within the company’s 40-acre Chandler Freeway Crossing business park.
Located at 2625 W. Geronimo Place, at the southwest corner of Geronimo Place and Ellis Street, the new development totals three stories with 50,790-square-foot floor plates, high 14-foot ceilings and a collaborative roof deck for private tenant use. It also offers a 6.5/1,000 parking ratio and freeway visibility that includes building signage opportunities and a 60-foot tall, freeway-facing monument sign.
The 2625 building joins three existing buildings at the park, all fully leased to tenants including General Motors, ASML, Western Digital and VenSure Employer Services.
“We are excited to expand our footprint in the growing Chandler market through continued development at Chandler Freeway Crossing,” said Mark IV Regional Manager Wren Martin. “The development of 2625 at Chandler Freeway Crossing will bring Class A, freeway frontage product to the Price Road Corridor, where space has been rapidly absorbed by an influx of large, corporate tenants.”
“Chandler is one of the fastest growing urban-suburban business environments in the nation, with no signs of slowing,” said Seeger. “The 100 percent occupancy of Chandler Freeway Crossing underscores that growth. The 2625 building – and future development within this park – will help alleviate that deficit, offering a premier option for businesses looking to plant a flag here.”
Chandler Freeway Crossing sits on 40 acres at the intersection of the Loop 101 and Loop 202 freeways, with three completed Class A office buildings ranging from 45,000 to 170,000 square feet. The 2625 building will add an additional 153,370 square feet, bringing the park to more than 425,000 square feet. An additional building (currently referenced as Building Five), is also on the drawing board. It will total 125,000 square feet and will be developed upon successful lease-up of the 2625 building.
Chandler Freeway Crossing offers direct access to Loop 101 and Loop 202, and more than 5 million square feet of retail and restaurant space – including the 240 restaurants and retailers at Chandler Fashion Center – located within a five-mile radius of the project. Hilton, Marriott, Hampton and Homewood Suites hotels are also within one mile of Chandler Freeway Crossing. Nearby corporate neighbors include Intel, Wells Fargo, Orbital Sciences, Walgreens, Infusionsoft, Bank of America and eBay.