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.”