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PROPERTY MANAGEMENT NEWS
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WJM Enterprises Starts Multi-Million Renovation of Phoenix Office Campus

2/22/23

WJM Enterprises LLC is underway on the multi-million-dollar renovation of Lake Biltmore Corporate Center, a two-building lakefront office campus located minutes from the iconic, soon-to-be demolished and redeveloped Metrocenter Mall in Phoenix.

Plans for Lake Biltmore Corporate Center include redesigned common areas, conference rooms, corridors, lobbies, staircases, modernized landscaping and wayfinding signage, and ADA restroom upgrades. Improvements will also include both new and upgraded mechanical, electrical and HVAC systems, as well as a fully renovated employee break area offering space for food storage and preparation, as well as eating and seating areas in a boutique environment.

Office spaces, including move-in-ready spec suites, will target smaller to mid-size tenants needing 1.5k sf and above.

“The transformation of Metrocenter Mall has become a powerful economic driver for this trade area, creating an exciting ripple effect for projects situated all around the mall property,” said Harold Dorenbecher, representative for Lake Biltmore Corporate Center’s ownership. “The reimagined Lake Biltmore Corporate Center will bring this asset up to modern specifications, making it one of the nicest office buildings in the area, with a focus on providing the lifestyle and workplace amenities that today’s employees and employers are prioritizing.”

Lake Biltmore Corporate Center totals 102k sf in two glass-clad, two-story buildings. Both buildings front a community lake, providing sweeping water views. The project is located on 6.86 acres at 11022 and 11024 N. 28th Dr in Phoenix, immediately west of Interstate 17 between Peoria Ave and Cactus Rd, and less than one-half mile north of Metrocenter Mall and a future Valley Metro Light Rail station.

Renovation activity at Lake Biltmore Center is already underway on 30k sf in the 11024 building, with completion scheduled for second quarter 2023. Design for this space, and the entire project, follows a modern nautical theme inspired by water, sand and sky, mixing quartz, tile and natural wood materials.

Phoenix-based Stevens-Leinweber Construction serves as the project’s general contractor. Scottsdale-based iDESIGNS is the architect. Philip Wurth, Executive Vice President for Colliers, is the exclusive leasing broker for both office buildings.

“This is a truly unique asset located at main-and-main for this submarket’s redevelopment,” said Wurth. “New businesses, new residences, a massive new retail attraction and a new Light Rail stop will provide everything needed for a successful infill office property like Lake Biltmore Corporate Center – all topped off by this property’s stunning water views, which are extremely rare for the area.”

Nearby amenities to Lake Biltmore Center most predominantly include the soon-to-be-redeveloped Metrocenter Mall, a property that is slated for an approximately $1 bil demolition and renovation bringing retail, apartment, hotel and park space to the 80-acre site. A new Light Rail stop will also terminate at the property as part of the Northwest Light Rail Extension Phase II.

WJM Enterprises LLC purchased Lake Biltmore Corporate Center in early 2022 for $11.5 mil. The company, through other entities, has successfully renovated office buildings with Stevens-Leinweber Construction in the Ahwatukee and the Scottsdale Airport submarkets.





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