Columbus-based Nationwide Realty Investors announced today that construction commenced on two new 60,000-square-foot, four-story speculative buildings at its 250-acre mixed-use Rivulon community in Gilbert, Arizona. Nationwide Realty Investors President and COO Brian J. Ellis made the announcement.
The groundbreakings mark the beginning of the next phase of the expansive master-planned, mixed-use campus located at the corner of Gilbert Road and the AZ Loop 202. The first of the two buildings, located at 111 E. Rivulon Blvd., broke ground in March 2017 and is expected to be complete in late 2017. Construction of the second building at 161 E. Rivulon Blvd., is slated to begin summer 2017 and is planned for completion in early 2018. Fred Darche and John Cerchiai of Lee & Associates are serving as the exclusive marketing agents for the new buildings.
In addition to the two new spec office buildings underway, the next phase of development at Rivulon includes a creative and flexible office neighborhood along the northern border of the community. Nationwide Realty Investors is exploring partnership opportunities for a 6-9 acre hotel site within the project.
Gilbert’s first Mercedes-Benz dealership opened at Rivulon last year. Offering the newest, and most engaging sales and service environment in the region, the 70,000-square-foot dealership is located on a highly visible 7-acre parcel along Gilbert Road. Shortly after that successful opening, Sauce Pizza & Wine, Jersey Mike’s Subs and an Isagenix retail store all opened in Rivulon’s first retail building. Grabbagreen, a health-food, fast-casual restaurant featuring a healthy, locally sourced menu that includes grain and green-based bowls and fresh pressed juices, opened earlier this month.
Serving as an anchor to Rivulon’s early office development, health and wellness leader Isagenix moved its world headquarters to a 150,000-square-foot single-tenant office building in the community last year, joining an already opened 45,000-square-foot LA Fitness. Adjacent to the Isagenix headquarters is a state-of-the-art four-story, 125,000-square-foot office building anchored by Merrill Lynch, Blackstone-owned Finance of America Mortgage and Thomas Title & Escrow.
When fully complete, Rivulon’s 250-acre master plan will include +/-250,000 square feet of retail, restaurants, and hospitality uses and more than 3 million square feet of Class A office space.