Lincoln Property Co. Breaks Ground on 352,000 SF Office Building in Tempe
Posted on April 10, 2018 by Nellie Day in Arizona, Office, Western
TEMPE, ARIZ. — Lincoln Property Co. has broken ground on the second building at Grand at Papago Park Center in Tempe. The 352,000-square-foot building will be located at 1027 W. Roosevelt Way.
The Grand Building Two is one of Arizona’s largest office buildings to break ground as a purely speculative endeavor, according to Lincoln. It is scheduled for completion in the second quarter of 2019.
The building will be the second of eight Class A office buildings scheduled to be built by Lincoln within the 60-acre mixed-use Grand at Papago Park Center.
Lincoln Breaks ground on the grand at papago park center BUILDING two
Article originally posted on Commercial Executive Magazine on April 10, 2018
TEMPE, Arizona, April 9, 2018 – With demand for Tempe, Arizona office space at an all-time high, Lincoln Property Company (LPC), Goldman Sachs and City of Tempe Mayor Mark Mitchell broke ground today on the second Class A office building at The Grand at Papago Park Center.
Totaling 352,000 square feet at 1027 W. Roosevelt Way in Tempe, Arizona, The Grand Building Two is one of Arizona’s largest ever office buildings to break ground as a purely speculative endeavor. It is scheduled for completion in second quarter 2019, becoming the second of eight Class A office buildings slated to be built by Lincoln Property Company within the 60-acre mixed-use project called The Grand at Papago Park Center.
Phoenix East Valley becomes a hotbed for growth and innovation
March 20, 2018 By Erin Thorburn | AZBigMedia
In 1920, Gilbert was largely recognized as a farming community, toting the slogan, “hay capital of the world.” In the same era, agriculture reigned supreme in Chandler, yielding cotton, grains, alfalfa and the raising of cattle, sheep and ostriches. Until the 1960s, 50 percent of Mesa’s residents claimed earnings as farmers. Like many communities, the PHX East Valley has (not surprisingly) transformed exponentially.
What was once a region made up of sleepy suburbs that relied on agriculture as its economic backbone has transformed itself into a cutting-edge region that has become an innovative leader in autonomous vehicle testing, aviation and aerospace, education, financial services and fintech, healthcare, technology and semiconductor manufacturing, tourism and agritainment.
The Grand at Papago Park Center leases 6 acres to Alliance Residential
REAL ESTATE | 5 Mar | AZRE
Cushman & Wakefield announced that The Grand at Papago Park Center leased 6.01 acres to Alliance Residential for Broadstone at The Grand. David Fogler and Steven Nicoluzakis of Cushman & Wakefield Phoenix represented the landlord, Papago Park Center, Inc. of Tempe, Ariz, which is owned by Salt River Project (SRP).
Broadstone at The Grand, located on the northeast corner of Priest Drive and the Loop 202, will offer 300 luxury apartments. Designed by ORB Architects, the community will feature one, four-story building and three, two-story buildings with studios, one-, two- and three-bedroom units ranging from 650 square feet (sf) to 1,400 sf.
“Alliance Residential was attracted to The Grand at Papago Park Center because of its location on Phoenix’s light rail line and its proximity to Downtown Phoenix, Arizona State University, Tempe’s Mill Avenue and Tempe Town Lake,” said David Fogler, Executive Managing Director at Cushman & Wakefield Phoenix.
Grand at papago park centers around water
By Rebekah Morris for Arizona Builder’s Exchange
POSTED JANUARY 24, 2017
Focus on water as both an amenity and a celebrated resource with a rich history
SRP, one the utilities responsible for providing water to Valley residents, is also delivering one of the major employment and residential developments near Tempe Town Lake by way of the Grand at Papago Park. Central to the development is a future water feature approximately the size of a football field.
The Grand at Papago Park is going vertical with more than 3MSF of office buildings, hotel, retail and parking structures. The 58.56-acre site – directly north of Loop 202 and bordered by Priest Drive & Washington Street – is one of the major developments in the Tempe Town Lake/Papago Park area, along with the Liberty Center at Rio Salado and Marina Heights development.
Lincoln Property inks deal for Papago office project
By Eric Jay Toll – Reporter, Phoenix Business Journal
Mar 11, 2015, 12:01am MST
Lincoln Property Co. has inked a deal on Salt River Project land with Papago Park Center for the next phase of a 3.2 million-square-foot mixed-use development in Tempe. LPC is developing the last available 60 developable acres of the 350 acre project.
The Grand at Papago Center will include seven new mid-rise towers with 1.8 million square feet of Class A office space. The project is the final phase of the 3.2-million-square-foot complex between Center Parkway, Priest Drive, Washington Street and Loop 202 in Tempe.
The Grand at Papago Center is in the design phase and looking at an early 2016 groundbreaking.