Hines JV to Develop 250 KSF Phoenix Office Asset
- Aug 23, 2017
Hines and New York Life Real Estate Investors have partnered to develop the Offices at Chandler Viridian, a six-story, Class A office building located at the intersection of Loop 101 and Loop 202 in the Phoenix submarket of Chandler, Ariz. Construction is set to begin in the second half of 2017 and is slated for completion in late 2018.
Master Plan Component
The 250,000-square-foot Offices at Chandler Viridian will be an addition to the 25-acre mixed-use Chandler Viridian master plan development. The project will include a Cambria Hotel & Suites, retail at Chandler Viridian PRIMEGATE, a dog park, Broadstone Fashion Center luxury apartments, a pedestrian promenade to the Chandler Fashion Center mall, a jogging trail connecting all of the properties and a public plaza with Wi-Fi.
Whiting Turner will serve as the project’s general contractor, while Jerry Roberts and Patrick Boyle of CBRE will handle leasing for the building.
“The Offices at Chandler Viridian is a highly desirable office building offering users the connectivity needed in today’s business world. The addition of New York Life Real Estate Investors’ institutional client creates a powerhouse partnership for this project,” said Chris Anderson, managing director & Arizona leader for Hines, in prepared remarks. “Without leaving the Chandler Viridian campus, tenants will be able to stay at a beautiful new hotel, live at a luxury multifamily complex, eat and shop at several retail offerings and walk along a pedestrian trail.”
Image courtesy of Hines