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3/12/15
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Lincoln Property Company (LPC) has been selected to develop the first phase of Class A and mixed-use office space for The Grand at Papago Park Center, situated in the heart of downtown Tempe, AZ. The 60-acre, urban mixed-use property represents the last developable parcel within the 350-acre, Papago Park Center, master-developed by Papago Park Center Inc.
The Grand project will serve as the final phase of one of the largest business parks in Arizona. Papago Park Center, The Grand project’s master developer, selected LPC after an extensive RFP process that included local, regional and national development candidates.
The Grand at Papago Park Center is located along the Loop 202/Red Mountain Fwy between Priest Rd and Center Pkwy, and is named after the adjacent Grand Canal. The Grand Canal is a waterway developed in the 1870s to bring water from the Salt and Verde rivers to Metropolitan Phoenix. It was recently relocated to run through The Grand project, creating a water feature for the development. The completion of the canal relocation project will be celebrated with an upcoming event in March.
The Grand is part of Papago Park Center, home to the corporate offices of Salt River Project (SRP) as well as First Solar, Wells Fargo Home Mortgage, DHL, Union Bank, Sonora Quest Labs, State Farm Insurance, Western Refining and Parsons Brinckerhoff. At build-out, The Grand will total more than 3.2 msf of mixed-use office, multifamily, hotel, retail and restaurant space, including up to six 10-story, Class A office buildings surrounding a central water feature.
When combined with Papago Park Center’s existing 3.3 msf of mixed-use projects, there will be more than 6.5 msf of urban development and approximately 20,000 employees and residents. The campus will feature pedestrian and bike paths connected to Tempe Town Lake that will benefit employees and the general public. Nearby amenities include Papago Park, Papago Golf Course, Phoenix Zoo, Desert Botanical Garden, Tempe Town Lake, Arizona State University, Phoenix Municipal Stadium and the restaurants, shopping and entertainment within downtown Tempe’s Mill Avenue District.
LPC is rolling out plans this month for its first office buildings. At build-out, The Grand will have a total of 1.8 msf of Class A space in six buildings. Construction on three parking garages will coincide with the buildings’ development.
Jerry Roberts, Corey Hawley and Patrick Boyle with CBRE will lead the marketing and leasing efforts for The Grand’s office development. HKS Architects/Kendle Design Collaborative both serve as the office project architects and JEDunn will serve as the general contractor.
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