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December 15, 2017
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Hines Breaks Ground on 250k sf Class A Office Project in Chandler, AZ

9/28/17

Hines has broken ground on the Offices at Chandler Viridian, a six-story, 250k sf Class A office building located at 3133 West Frye Rd, at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center in Chandler, AZ. In addition, Stantec, an architectural, engineering, planning and environmental services company, has agreed to take 55k sf at the new development for its Southwest regional office.

The Offices at Chandler Viridian will be the tallest multi-tenant office building in Chandler at completion. Hines has a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client, to develop the project. Alliance Bank of Arizona is providing constructing financing.

The office building is the capstone to the Chandler Viridian mixed-use project. In 2014, Hines razed Elevation Chandler, an unfinished structure and local eyesore, and launched the mixed-use project.

The Offices at Chandler Viridian is integrated into the Chandler Viridian master plan development, a 25-acre mixed-use project which also includes a Cambria hotel & suites, Broadstone Fashion Center luxury apartments, sophisticated retail offerings at Chandler Viridian PRIMEGATE and a pedestrian promenade to the Chandler Fashion Center mall. Also featured in the master plan is a dog park, -mile jogging trail connecting all of the properties, and a large public plaza with high-speed Internet and Wi-Fi - all to enhance the pedestrian experience.

Stantec has signed a long-term lease and expects to begin operating at the Offices at Chandler Viridian in January 2019. The company will occupy approximately 22% of the building. The office building will have a large, open floor plan with 10-foot tall ceilings, a lounge and large courtyard.

Within the space, Stantec will be combining four regional offices to unite more than 250 specialists in mining, water, transportation, community development, environmental, buildings consulting services. The company's collective experience reaches into more than four decades supporting communities throughout metro Phoenix and Southern Arizona.

Jonathan Paine and John Cunningham with JLL provided advisory services for the entire financing. Whiting Turner of Phoenix is the general contractor for the Offices at Chandler Viridian. RSP Architects of Minneapolis is designing the building

Construction is projected to commence in the second half of 2017 and be completed in late 2018. The CBRE team of Jerry Roberts and Patrick Boyle are leading the office leasing. Roberts and Boyle represented Hines in the lease with Stantec. Keith Lammersen and Brian Connolly with JLL represented Stantec.






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