Columbus-based Nationwide Realty Investors will host an event today to celebrate the first phase of its $750 million Rivulon Development. Nationwide Realty Investors president Brian J. Ellis, Isagenix president Jim Coover, Gilbert Mayor John Lewis and other local and state leaders will be in attendance.
“We are thrilled to be underway with the first phase of construction of Rivulon and to be celebrating this important milestone with the community,” says Ellis. We would not be in the position we are today if the Town of Gilbert and its strong leadership had not fully embraced this project.”
Rivulon is a 250-acre, master-planned development at the corner of Gilbert Road and AZ 202 in Gilbert, Arizona. The project will include approximately 3 million square feet of premier office space, 500,000 square feet of integrated retail and restaurants, and hotels.
Health and wellness leader Isagenix International recently announced that it will relocate its world headquarters to a 150,000 square foot, single tenant building at Rivulon.
“We are extremely excited about our future home at Rivulon,” says Jim Coover, President and Co-Founder of Isagenix. “Gilbert is a wonderful, thriving community and a great location for us to further our mission. Our company has grown significantly over the past few years. This new facility will ensure adequate space to meet our current growth needs while helping us plan for our future.”
The building is expected to be completed by late 2015.
Also under construction at Rivulon is a 4-story, 125,000 square foot Class-A speculative office building and a 45,000 square foot LA Fitness. Plans will soon follow for two additional 60,000 square foot Class-A office buildings and a 17,000 square foot retail center to be included in this initial phase of the project. The LA Fitness is scheduled to open in March 2015.
“Rivulon is a reflection of the exceptional strength of our growing community,” says Gilbert Mayor John Lewis. “This development will create quality jobs, and will attract innovative and successful companies to our community and the region. And, it will have a significant economic and social impact in Gilbert.”
According to Ellis, Nationwide Realty Investors is focused on leveraging the region’s strong market conditions.
“Gilbert is one of fastest growing communities in the country and this development’s location, visibility and access is generating a lot of demand,” says Ellis. “Development at Rivulon is moving very quickly. This project is happening and it is happening now.”