Phoenix, Arizona – The nation’s leading on-demand food platform, DoorDash, has completed a full building lease at Lincoln Property Company’s Grand 2 in Tempe, Arizona. DoorDash will move into the Grand 2 building – the second of eight Class A office buildings slated for development by LPC at The Grand at Papago Park Center master-planned development – this Spring.
“Metro Phoenix has been a tremendous place for DoorDash to grow, providing a talented employment pool and a wonderful community in which to work and live,” said Joe Drucker, Head of Facilities and Real Estate for DoorDash. “The Grand is the next chapter of our story, allowing us to consolidate our Phoenix footprint into a single building that is uniquely designed for an active, creative and evolving company like ours. We look forward to being a contributing member of the Tempe community.”
“We appreciate DoorDash’s long term investment in Tempe,” said City of Tempe Mayor Mark Mitchell. “We have seen an influx of Silicon Valley companies bringing their regional headquarters to our community because of the availability of a highly trained workforce, a lower cost of doing business and a tremendous quality of life. We wish DoorDash continued success in Tempe.”
Headquartered in San Francisco, DoorDash launched in 2013 and opened its first regional office in Phoenix in 2016. The Arizona location has quickly grown to become one of the company’s largest offices nationwide, primarily focusing on sales and support functions. DoorDash serves more than 4,000 cities across three countries, including all 50 states in the U.S. as well as locations in Puerto Rico, Canada and Australia. The company has solidified a leadership position in the industry – and as of September 2019 leads the charge with more than 35 percent of the nation’s market share, according to Edison Trends.
“We’ve painstakingly designed Grand 2 with features that work together to serve companies like DoorDash, who represent some of today’s most contemporary companies and their employees,” said Lincoln Property Company Vice President of Real Estate John Orsak. “We’re excited to welcome them to the building and know they will benefit from each one of its carefully planned amenities.”
Located at 1033 W. Roosevelt Way, Grand 2 will be a LEED Silver, Energy Star building developed between April 2018 and October 2019 by LPC, the NAIOP Arizona 2018 Owner and Developer of the Year. The project sits on the immediate north side of the Loop 202 Freeway, minutes from downtown Tempe, Arizona State University, Papago Park and Sky Harbor International Airport.
The Grand 2 building can be accessed via two freeway interchanges and is served by below-ground parking and a covered parking garage, two light rail stops that bookend the project. Together with a location on the north side of Tempe Town Lake, employee commute times can be cut by 30 or more minutes compared to projects on the south side of the Lake.
Grand 2 is part of The Grand at Papago Park Center master-planned project. At build out, The Grand will total 60 acres and 3.2 million square feet of office, multifamily, hotel, retail and restaurant space located on the last developable parcel within the 350-acre Papago Park Center business park.
LPC serves as the developer, leasing agent and property manager for all office space at The Grand. Whiting-Turner is the general contractor for Grand 2 and DAVIS is the architect. Greg Pickett and Tom Jacobs of Cushman and Wakefield represented DoorDash in their lease negotiations. More about The Grand at Papago Park Center is available at www.thegrandtempeaz.com.
DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Puerto Rico, Canada, and Australia. Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door. By building the last-mile delivery infrastructure for local cities, DoorDash is bringing communities closer, one doorstep at a time. Read more on the DoorDash blog or at www.doordash.com.
About the City of Tempe
Tempe makes waves as a technology and business magnet, an inclusive, caring community and a hub for recreation and adventure. Tempe is home to the famous Mill Avenue, Tempe Town Lake and Arizona State University, named the nation’s most innovative university for the last four years. For more information about our creative community, visit www.tempe.gov/economicdevelopment.
About Lincoln Property Company
Lincoln Property Company (LPC) is an international full service real estate firm offering real estate investment, development, design/construction management, leasing and property management/ receivership/asset management services. LPC has approximately 8,000 employees with an international footprint that includes offices in 45 cities across the U.S. and six cities in Europe and South America. Since 1965, LPC has developed more than 128 million square feet of office, industrial and retail projects known for their design, quality and superior locations. It currently has more than 406 million square feet of commercial space under leasing and/or management. Lincoln is also one of the nation’s largest apartment developers, having developed more than 209,000 multifamily units and currently managing more than 165,000 multifamily units.
LPC’s Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001. In that time, the regional office has developed more than 3 million square feet, acquired 4 million square feet and manages approximately 10 million square feet of commercial space, including major, award-winning and LEED Certified developments and investments. In 2016, the Phoenix office generated a record-breaking year with more than $233 million in investment and development activity. It is consistently ranked among Phoenix’s top commercial real estate firms for both development and property management, including its latest recognition as the NAIOP Arizona 2018 Owner/Developer of the Year and recent designation as an Arizona Republic Top Companies to Work for in Arizona. To learn more about Lincoln Property Company, please visit www.lpc.com or www.lpcphx.com.