Latest NewsOffice

Hines’ Chandler Viridian Development Signs New 24,000 SF Lease with Embark Behavioral Health

Leasing Momentum Continues to Grow at East Valley Class A Office Project

Hines, the international real estate firm, has reached an agreement with Embark Behavioral Health for a lease on a nearly 24,000 square foot space in its Chandler Viridian development.

Embark Behavioral Health is relocating its support offices from its current Tempe office and will lease a large space on the office building’s fifth floor. Embark Behavioral Health is one of several organizations that have announced relocation plans to the Chandler development in the past few months, creating a significant amount of leasing momentum for the project.

Embark Behavioral Health operates a full continuum of outpatient and residential treatment and therapy programs across the United States; and specializes in serving preteens, teens, and young adults struggling with anxiety, depression, and other mental health and substance use issues. Embark boasts a 25-year legacy of serving youth and offers the highest levels of quality care and safety standards – delivering teen and young adult therapy that is relationship-focused, family systems oriented, and evidence-based.

Chandler Viridian is ​a premier mixed-use development integrating residential, Class A Office, hospitality and retail developments located at the Intersection of Loop 101 and San Tan Loop 202 in Chandler. The project boasts exceptional access to local freeways and significant nearby restaurants and amenities, including Chandler Fashion Square. The project was named Mixed Use Project of the Year and Spec Office Building of the Year in the Best of NAIOP Awards in 2019.

“Chandler Viridian is the ideal spot for a space that celebrates our programs, and the essential work Embark does,” said Alex Stavros, CEO of Embark Behavioral Health. “The custom-fit environment will promote collaboration and trusting relationships. And the convenient onside hotel and conference centers will provide convenient facilities for Embark sponsored trainings and conferences. We are excited to welcome visitors, especially teammates from our programs and centers – those who this office is set up to serve.”

Chandler Viridian provides a number of attractive features to prospective office tenants, including best-in-class property management, modern design and architecture, exceptional common spaces and open areas, onsite restaurants and a hotel, and significant other amenities within walking distance of the property.

“We are very pleased to welcome Embark Behavioral Health to Chandler Viridian,” said Brandon Dillingham, managing director for Hines. “This is a growing organization doing critical work in our society and will be a great fit in the project, and will benefit from the many features and amenities Chandler Viridian provides.”

Hines also recently leased two of four high-end spec suites that were specifically built out at Chandler Viridian to provide potential tenants with an immediately available modern, state-of-the-art office environment at the dynamic mixed-use project in Chandler. And, the company recently signed a 15,000 square foot lease with NovaSource Power Services.

Tyson Breinholt, Partner/Associate Broker of Commercial Properties, Inc, represented Embark Behavioral Health in the transaction. The leasing team that represented Hines in the transaction was Jerry Roberts, Executive Managing Director, and Pat Boyle, Managing Director, with Cushman and Wakefield in Phoenix.

“We are pleased to have executed on our latest deal at Chandler Viridian, and are excited to have finalized terms with Embark Behavioral Health,” Boyle said. “This deal embodies the concept that ‘slow and steady’ wins the race. We first toured Embark in March of 2020 and started trading terms in May of 2020. Obviously with COVID-19 in full swing this deal started and stopped many times. In the end, the result was a collaboration from Hines, Embark and the brokers in a 14-month long process to get the deal done. Throughout the process, Embark’s footprint actually expanded twice, we believe getting this deal done was a win-win for all parties involved.”

NewsOfficeTrending

Hines’ Chandler Viridian Development Signs NovaSource Power Services to Large Office Lease

Company to Talk Almost 15,000 SF of High-End Office Space

Hines, the international real estate firm, has reached an agreement with NovaSource Power Services on a large new office space in its Chandler Viridian development.

NovaSource is relocating from its current Tempe office and will lease a 14,738 SF space on the office building’s 5th floor. NovaSource is one of several companies that have announced relocation plans to the Chandler development in the past few months, creating a significant amount of leasing momentum for the project.

NovaSource provides operation and maintenance services to companies that have significant renewable energy assets, such as large solar panels, or energy companies that have solar farms.

Chandler Viridian is ​a premier mixed-use development integrating residential, Class A Office, hospitality and retail developments located at the Intersection of Loop 101 and San Tan Loop 202 in Chandler. The project boasts exceptional access to local freeways and significant nearby restaurants and amenities, including Chandler Fashion Square. The project was named Mixed Use Project of the Year and Spec Office Building of the Year in the Best of NAIOP Awards in 2019.

“We were very impressed with the onsite amenities, building quality and design and strong ownership at Chandler Viridian,” said Troy Lauterbach, President of NovaSource Power Services. “The project will provide an exceptional environment for our employees and an ideal base for our company’s future growth.”

 Chandler Viridian provides a number of attractive features to prospective office tenants, including best-in-class property management, modern design and architecture, exceptional common spaces and open areas, onsite restaurants and a hotel, and significant other amenities within walking distance of the property. 

“We are pleased to welcome NovaSource Power Services to the Chandler Viridian development,” said Brandon Dillingham, managing director for Hines. “They are an innovative company in a dynamic industry with extensive growth potential, and we’re confident their new offices at Chandler Viridian will positively impact the company’s expansion.”

 Hines also recently leased two of four high-end spec suites that were specifically built out at Chandler Viridian to provide potential tenants with an immediately available modern, state-of-the-art office environment at the dynamic mixed-use project in Chandler.

Michael White from Studley represented NovaSource in the transaction. The leasing team that represented Hines in the transaction was Jerry Roberts, Executive Managing Director, and Pat Boyle, Managing Director, with Cushman and Wakefield in Phoenix. 

 “Chandler Viridian is seeing a significant amount of leasing activity despite the challenging dynamics in the office marketplace,” Roberts said. “Our team will continue to work with innovative, entrepreneurial companies like NovaSource that are looking for an exceptional office environment with abundant nearby amenities.”

“This deal with NovaSource has been in the marking for some time,” Boyle said. “The negotiation process was a true collaboration between landlord, tenant and the brokers. We appreciate everyone’s diligent work in finalizing the deal and want to thank Michael White for bringing this deal to Chandler Viridian.  We are gaining significant momentum at the project and look forward to adding NovaSource to our growing roster of tenants.” 

Latest News

Hines’ Chandler Viridian Development Welcomes Second New Tenant to Turnkey Office Suites

AAFMAA Mortgage Services LLC to Locate in 4,056 SF High-End Spec Suite Built to Provide Immediate, State-of-the-Art Office Space

Hines, the international real estate firm, has reached an agreement with AAFMAA Mortgage Services LLC (AMS) on a long-term lease for a 4,056-square-foot turnkey spec office suite at Chandler Viridian.

The suite is the second of four to be leased by Hines at Chandler Viridian that was specifically built out to provide potential tenants with an immediately available modern, state-of-the-art office environment at the dynamic mixed-use project in Chandler.

AMS is new to the Valley market and initially considered several locations in the Southeast Valley before choosing Chandler Viridian. The military-focused mortgage company was looking for a space they could occupy quickly — by March 2021. They took a temporary space through the building’s coworking partner Workuity, which is located on the first floor, to begin hiring and ramping up staff for the new location.

Chandler Viridian is ​a premier mixed-use development integrating residential, Class A office, hospitality and retail developments located at the Intersection of Loop 101 and San Tan Loop 202 in Chandler. The project boasts exceptional access to local freeways and significant nearby restaurants and amenities, including Chandler Fashion Square. The project was named Mixed Use Project of the Year and Spec Office Building of the Year in the Best of NAIOP Awards in 2019.

“This office space is truly going to be a showcase facility for AAFMAA Mortgage Services LLC as they establish their footprint in the Arizona market,” said Brian Harvey, AMS Branch Manager. “The building’s high-end finishes and the exceptional lobby exposure, combined with the many nearby amenities of Chandler Viridian, made this a great decision for the company.”

Chandler Viridian provides a number of attractive features to prospective office tenants, including best-in-class property management, modern design and architecture, exceptional common spaces and open areas, onsite restaurants, and a hotel and significant other amenities within walking distance of the property.

“We are very pleased to be able to accommodate AAFMAA Mortgage Services and welcome them to the Chandler Viridian family of companies,” said Brandon Dillingham, managing director for Hines. “Our spec suites are quickly becoming home to companies that are looking for an exceptional office environment. And we’re confident that the company’s employees will enjoy the location of Chandler Viridian with so many nearby amenities and things to do.”

After examining market conditions in the wake of the COVID-19 pandemic, the Hines team realized that there could be significant demand for high-end turnkey spec suites. The team proceeded to build out four spaces ranging in size from 4,000 square feet to 11,000 square feet, and the AMS space is the second of those to be leased. Mobivity, a tech company previously based in another part of Chandler, leased an approximately 8,800-square-foot spec suite in December 2020.

The leasing team that represented Hines in the transaction was Jerry Roberts, Executive Managing Director, and Pat Boyle, Managing Director, with Cushman and Wakefield in Phoenix. Charles Nutter, Senior Vice President with AMS, represented AAFMAA Mortgage Services LLC in the transaction. Michael Sokol and Frederic de Loizaga with CBRE represented the tenant.

“It is gratifying to see the success of Chandler Viridian in the current economic environment,” Boyle said. “Clearly there’s a need in the marketplace for best-of-class spec office space, and the amenities of such a space combined with the attractive features of the Chandler Viridian property are meeting that need.”

Office

Hines’ Chandler Viridian Signs New Wholesale Mortgage Tenant

Phoenix, Arizona – Hines, the international real estate firm, announced today that its award-winning Offices at Chandler Viridian has recently signed a new long-term lease for Oaktree Funding Corp.

Oaktree Funding Corp., a rapidly growing wholesale mortgage lender based in California, is significantly expanding its space and operational capacity from a smaller office in Chandler, AZ.  Oaktree Funding Corp. expects to occupy its new space in Q2 2020.

“Oaktree Funding Corp. is proud to call the Offices at Chandler Viridian our new home,” said Kristopher Martin, executive vice president with Oaktree Funding Corp. “The convenience of the location near Loop 101 and Loop 202 and the available amenities such as retail and a hotel made the Offices at Chandler Viridian the ideal decision for us. We have experienced unprecedented growth over the last couple of years and our long-term commitment to this space  will allow us the room to facilitate our exponential growth for many years to come.”

Stantec—a global engineering, architecture and consulting firm—which currently occupies 22% of the Offices at Chandler Viridian, is expanding its space to occupy 25% of the building. Other tenants include Workuity, a coworking firm, and ClearChoice, a  dental implant company. The nearby Chandler Viridian PRIMEGATE’s retail offerings include Panera Bread, Sicilian Butcher, Thirsty Lion and Charles Schwab.

“Hines has made a significant long-term investment at Chandler Viridian. More than the quality of the building, it is the tenants that make the Offices at Chandler Viridian truly special,” said Chris Anderson, senior managing director and Arizona leader for Hines. “Hines is thrilled to welcome Oaktree Funding Corp. to our tenant family and we plan to serve as a solid partner as their business grows.”

The Offices at Chandler Viridian, which opened in January 2019, is the tallest multi-tenant office building in Chandler. The six-story, Class A office building with 252,418 square feet of leasable space is located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center. The building features a large, open floorplan with 10-foot tall ceilings, a lounge and a large courtyard. Hines developed the project in a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client.

The office building is the capstone to the Chandler Viridian mixed-use project. In 2014, Hines razed Elevation Chandler, an unfinished structure and local eyesore at the site, and launched the mixed-use project. The Offices at Chandler Viridian is integrated into the Chandler Viridian master plan development, a 25-acre mixed-use project which also includes the 140-room Cambria hotel & suites, 330-unit Broadstone Fashion Center luxury apartments, sophisticated retail offerings at Chandler Viridian PRIMEGATE and a pedestrian promenade to the Chandler Fashion Center mall. Also featured in the master plan is a dog park, ¾-mile jogging trail connecting all of the properties, and a large public plaza with high-speed Internet and Wi-Fi – all to enhance the pedestrian experience.

Chandler Viridian won Mixed-Use Project of the Year and Speculative Office of the Year at the 2019 Best of NAIOP Arizona Awards. 

The Cushman & Wakefield team of Jerry Roberts and Pat Boyle represented Hines in the Oaktree lease.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 219 cities in 23 countries. Hines has approximately $124.3 billion of assets under management, including $63.8 billion for which Hines provides fiduciary investment management services, and $60.5 billion for which Hines provides third-party property-level services. The firm has 148 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,362 properties, totaling over 449 million square feet. The firm’s current property and asset management portfolio includes 514 properties, representing over 222 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. 

You may also like

Commercial Real EstateEvents

Hines’ Chandler Viridian Wins Mixed-Use Project of the Year and Spec Office of the Year at Arizona NAIOP Awards

Local Arizona Advertising, Advertise with Commercial Executive Magazine
Theresa Holder; Hines; Chris Anderson, Hines; Brandon Dillingham, Hines; and Mike Hamilton, New York Life Real Estate Investors; celebrate after Chandler Viridian wins Mixed-Use Project of the Year and Speculative Office of the Year at the 2019 Best of NAIOP Arizona Awards.

Phoenix, Ariz. – Hines, the international real estate firm, recently won Mixed-Use Project of the Year and Speculative Office of the Year for its Chandler Viridian project at the 2019 Best of NAIOP Arizona Awards.  

The Offices at Chandler Viridian is the tallest multi-tenant office building in Chandler. Current tenants include Stantec, a global engineering, architecture and consulting firm, and Workuity, a coworking firm. Recently completed, Hines hosted the building’s grand opening in January 2019. Chandler Viridian also won NAIOP Arizona’s Transaction of the Year in 2015.

“Hines begins every project with the goal of setting a new standard of excellence,” said Chris Anderson, senior managing director and Arizona leader for Hines. “Chandler Viridian exceeds expectations for what users want in a suburban environment.”

The Offices at Chandler Viridian is a six-story, Class A office building with 250,000 square feet of leasable space located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center. The building features a large, open floorplan with 10-foot tall ceilings, a lounge and a large courtyard. Hines developed the project in a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client.

The office building is the capstone to the Chandler Viridian mixed-use project. In 2014, Hines razed Elevation Chandler, an unfinished structure and local eyesore at the site, and launched the mixed-use project. The Offices at Chandler Viridian is integrated into the Chandler Viridian master plan development, a 25-acre mixed-use project which also includes a Cambria hotel & suites, Broadstone Fashion Center luxury apartments, sophisticated retail offerings at Chandler Viridian PRIMEGATE and a pedestrian promenade to the Chandler Fashion Center mall. Also featured in the master plan is a dog park, ¾-mile jogging trail connecting all of the properties, and a large public plaza with high-speed Internet and Wi-Fi – all to enhance the pedestrian experience. In November, Chandler Viridian won Commercial Property Executive Magazine’s 2018 Distinguished Achievement Silver Award for Repositioning/Redevelopment. 

“We have poured a tremendous amount of energy into developing Chandler Viridian. Hines is pleased it has been so well received by the real estate and business community,” said Brandon Dillingham, director of development for Hines’ Arizona office.

Stantec is occupying approximately 22 percent of the office building. Team members from the firm’s Water, Buildings, Mining, Transportation, Environmental Services, Community Development, and Corporate Functional Services departments occupy approximately 51,000 square feet on the second and third floors of the Offices at Chandler Viridian.

Workuity is leasing 19,787 square feet on the first floor of the Offices at Chandler Viridian to accommodate clients who live in the surrounding area.

Hines has worked closely with the City of Chandler to develop Chandler Viridian.

Whiting Turner of Phoenix is the general contractor for the Offices at Chandler Viridian. RSP Architects designed the building and masterplan.

The Cushman & Wakefield team of Jerry Roberts and Patrick Boyle are leading the office leasing.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 214 cities in 24 countries. Hines has approximately $120.6 billion of assets under management, including $66.5 billion for which Hines provides fiduciary investment management services, and $54.1 billion for which Hines provides third-party property-level services. The firm has 128 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,348 properties, totaling over 444 million square feet. The firm’s current property and asset management portfolio includes 512 properties, representing over 223 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

You may also like