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.”