Orsett Properties’ Building 6
PHOENIX, ARIZ — Newmark Knight Frank (NKF) has announced the lease of 41,572 square feet at Building 6 – Phase I at The Reserve at San Tan by National Academy of Sports Medicine (NASM),part of Ascend Learning, the leader in providing technology-based education and certification solutions. NKF Executive Managing Director Mike Garlick, SIOR, and Senior Managing Directors Mike McQuaid and Chris Krewson represented the landlord in the lease transaction.
Developed by Orsett Properties, the 50-acre Reserve at San Tan is a Class A, master-planned business community located at Gilbert and Germann Roads — in the heart of the highly-desirable Gilbert office submarket. Building 6 – Phase I is one of two three-story, Class A, multi-tenant office properties totaling 148,466 square feet, which delivered in January of 2019. NASM will occupy the majority of the 69,460-square-foot office building. “NASM is exactly the kind of tenant we want to attract: a solid company that brings great youth and energy to the park,” said Orsett CEO Mike Freret. “We look forward to a long relationship.”
“Orsett Properties’ vision for The Reserve at San Tan impacted the town of Gilbert immensely,” commented NKF Executive Managing Director and Local Market Leader Mike Garlick, who provided exclusive marketing services for Orsett Properties. “Orsett understood the office demand required to complement the booming residential and retail market along the then under construction Loop 202 San Tan Freeway and designed what became a premier office development for the town of Gilbert, commencing the town’s subsequent office development boom over the past decade.”
Located at 365 East Germann Road, Building 6’s features include built-out creative spec suites with open ceilings, high-end finishes and abundant parking. Easily accessible to commuters via an interchange at the Intersection of Loop 202 and Gilbert and Cooper Roads, Building 6 provides an enviable reverse commute opportunity for much of the valley’s employee base along with immediate access to over 40 restaurants and 1.2 million square feet of retail at Crossroads Towne Center.
Additional asset features include the amenity-rich San Tan Lounge, which serves a connection between Phase I and II (still under construction) and offers open plenum ceilings; polished concrete floors; two glass, roll-up doors opening to a patio; and a casual comfortable space for tenants to relax, play games and enjoy creative open spaces. The 6,200-square-foot lounge’s completely furnished conference and training rooms, fully equipped with audio visual and free Wi-Fi throughout, are offered for tenant use.
“Gilbert’s growth and the quality of the recently completed office developments is providing a strong draw for high-quality businesses looking to locate near the booming population and single-family developments in the Chandler, Gilbert and Queen Creek area,” added Garlick.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 16,000 professionals operate from approximately 430 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.