TriWest Healthcare Alliance has leased the entire 119,131-square-foot office building at 16010 N. 28th Ave. to accommodate its expansion for handing its recently awarded contract with the Department of Veterans Affairs (VA.).
The company, which had previously occupied a portion of the building as its corporate headquarters, has committed to extend its lease and expand into 55,000 square feet with the remainder of the facility, totaling 119,131 square feet.
“This lease represents one of the largest office space transactions in Metro Phoenix for 2014,” said Larry K. Downey, Vice Chairman with Cushman & Wakefield. Downey serves as exclusive agent for TriWest Healthcare.
The building is located within the four-building Marconi Research Park, situated in Deer Valley. Marconi Research Park provides direct access to Interstate 17 and the property’s corporate neighbors include Farmers Insurance, Paychex, NAU and Deer Valley Credit Union.
“The facility’s current location is extremely accessible to TriWest’s clients and employees. The office layout and build out of the current facility is extremely efficient based on TriWest’s office space requirements,” according to Downey.
TriWest Healthcare recently was awarded a five-year contract to administer the VA Patient-Centered Community Care (VAPC3) program. TriWest, which specializes in providing benefits to military members and their families, announced the awarding of the contract last fall. This expansion, which is necessary to accommodate growth, will result in the addition of approximately 275 employees.
Downey of Cushman & Wakefield represented TriWest in the lease negotiations. Ashley Brooks, Jim Bayless and Jenny Aust of CBRE serve as exclusive leasing agents for Marconi Research Park and its landlord, Sabel Financial Group of Newport Beach, Calif.