Irgens has officially opened Portico Place II, a 48,173 sf, two-story, Class A multi-tenant office building located at 2195 West Chandler Boulevard in Chandler, Arizona. Designed and developed to meet the growing demand for contemporary office space in the Southeast Valley, Portico Place II is the first speculative, multi-tenant office building of similar size developed in the Valley in nearly six years.
“With Class ‘A’ office vacancy in the Southeast Valley currently at a 5 year low and businesses continuing to invest in and expand in Chandler, the timing for Portico Place II to come to market is ideal,” said Jason Meszaros, Vice President /Market Manager for Irgens.
Adjacent to the fully-leased Portico Place I and a part of a 15-acre mixed use project, Portico Place II offers retail and restaurant locations in walking distance along with nearby regional amenities including Chandler Fashion Square, downtown Chandler, and various hotels. The new building is less than one mile from Chandler Regional Hospital, with corporate neighbors including Intel, Microchip, Bank of America, Orbital Science, eBay and Wells Fargo.
Portico Place II features:
• Up to 48,173 RSF available; divisible to 5,000 RSF
• Efficient floor plans of approximately 24,000 contiguous RSF
• Excellent access just ¼ mile east of the Loop 101 Freeway and one mile north of the Loop 202 SanTan Freeway at the southwest corner of Chandler and Dobson Roads
• Convenient surface parking, with immediate building access at a ratio of 5 stalls per 1,000 sf
• High visibility building and monument signage available along Chandler Boulevard
• Contemporary building common areas and finishes
“Portico Place II fills a gap in the Chandler office market that has been open for years,” said Adam Tolson, Principal at Lee & Associates. “With Portico Place I at full occupancy and market demand continuing to grow, Portico Place II was delivered on an efficient timeline and offers tenants efficient floor plans, ample parking, and custom build-outs – all in a modern Class A office setting.”
“Portico Place II’s prominent visibility, excellent access to the Loop 101 and 202, and immediate proximity to some of the leading companies in greater Phoenix makes the project an ideal option for regional office users seeking to locate in one of the Valley’s most dynamic business corridor,” added Colton Trauter, Principal at Lee & Associates.
Portico Place II broke ground in October 2015 and was constructed in just over five months. An Irgens’ development, additional project team members included: Archicon (architect), A.R. Mays Construction (general contractor) and Lee & Associates (listing broker). Adam Tolson, Bill Blake, and Colton Trauter with Lee & Associates are leasing the project on behalf of Irgens. Knight Management provides property management services.