A R I Z O N A ’ S P U B L I C A T I O N F O R T H E C O M M E R C I A L R E A L E S T A T E I N D U S T R Y

Cassidy Turley BRE Commercial

BROKER OF THE MONTH

Mike PolachekSRS Real Estate Partners

ARCHITECT’S ROUNDTABLE

WHAT IS THE DESIGNSTYLE OF PHOENIX?

Seven Top Valley ArchitectsCome Together to Discuss

Design – Now and What’s Next

4

6 Cover StoryCassidy Turley BRE Commercial

12 People & PropertiesAnnouncements • Press Releases • Promotions • Awards • Community Info

14 Broker of the MonthMike PolachekSRS Real Estate PartnersA New Chapter for Mike Polachek

19 Property Profile24th at Camelback IICompleting the Vision

26 Architect’s RoundtableWhat is the Design Style of Phoenix?Seven Top Valley Architects Come Together to Discuss Design – Now and What’s Next.

36 Making HeadlinesThe Big Deals and the Brokers Who Made Them Happen

Executive PublisherMandy Purcellmandy@mpmagazines.com

Marketing and SalesKaren Gallagherkaren@mpmagazines.com

Contributing EditorKathleen O'Brien Thompsonkathleen@professionalpunch.com

Creative DirectorBob Olsenbob@olsenad.com

Contributing WritersMary BarryKerry DuffDenise Kotula Kathleen O'Brien Thompson

PhotographyAmy PileggiLinda Lee Story

© 2010 by MP Magazines LLC

All rights reserved. No part of this publication can bereprinted or reproduced without publishers permission.Opinions expressed are those of the authors or personsquoted and not necessarily those of CEM.

4455 East Camelback Road #D250Phoenix, AZ 85018602-955-2899www.cem-az.com

6 14 19 26

Contents Issue 1 | 2010

On the cover: BRE Commercial Board of Directors: (Standing) Bryon Carney, Mitch Chilton, Ryan Schubert,Mike Haenel (Seated) Rick Danis, Brian Lee

5

Letter from the Publisher

Mandy PurcellExecutive Publishermandy@mpmagazines.com

It’s 2010—time to wipe the slate cleanand begin again.

Everyone should be excited about the start of the New Year. As we all

know, 2009 was especially challenging with lots of lessons to be

learned. We can be proud to have arrived in 2010 with a new focus,

greater appreciation for our industry and the resolve to be successful

in the coming year.

That’s why “New is Good” is my personal philosophy for the New Year.

The executives at BRE Commercial have a similar view. After years of

doing business as Grubb Ellis, they’ve joined forces with commercial

real estate giant Cassidy Turley to expand the services that they offer to

clients in the Phoenix area. This move is expected to bring faster

growth and greater opportunities for the firm and the Valley’s

commercial real estate landscape. Read more on page 6.

Speaking of new, our Broker of the Month, Mike Polachek sees every

day as a new occasion to bring greater value to his clients. His recent,

strategic move to join SRS Real Estate Partners reflects his

commitment to forge better opportunities for his clients in 2010. Find

his story on page 14.

Commercial architects are also looking toward the New Year with style

and new optimism. At a recent roundtable discussion, seven

professionals discuss the current state of architectural design and what

to expect from their industry going forward. You’ll find their

fascinating conversation on page 26.

And, Commercial Executive Magazine is also embracing “new.” We’ll

be going in exciting, new directions to bring you additional value in

2010. Stay tuned and remember…

New is Good,

6

Cover Story

2010marked a change for BRE Commercial. After three decades, the company has droppedthe Grubb & Ellis name and joined forces with other private firms to form a newcommercial real estate powerhouse, Cassidy Turley. “We believe joining the new

Cassidy Turley was a huge opportunity that couldn’t be missed. We are joining a strong firm focused onthe same value proposition that has made us the number one leader in Phoenix- delivering outstandingservice and advice to our clients,” said Bryon Carney, President, Managing Partner, BRE Commercial.“We’re excited to offer our resources and expertise to this new partnership.”

Cassidy Turley: (Standing) Michael Kamm (BT Commercial), Bryon Carney (BRE Commercial, Phoenix), Ken Sandstad(The Sandstad Group), Wally Pinkard (Cassidy Turley), Joe Stettinius (Cassidy Turley)(Seated) John Frager (BRECommercial, San Diego), Mark Burkhardt (Cassidy Turley)

7

breakaway: [breyk-uh-wey]to detach oneself especially from a group : get away

to depart from former or accustomed waysto pull away with a burst of speed

Cassidy Turley is a new name andbrand for a group of existing market-leading firms across the nation. It isthe 4th largest commercial realestate firm in the US with 57 officesand over 2,700 professionals,including 800 brokers. The sevenfounding father firms are the bestfirms in Colliers from the mid-westand back east, BT Commercial in theBay Area and BRE Commercial inSan Diego and Phoenix. “We’re reallyproud to be one of the foundingfathers!, When it came together we

realized we had a national footprintand that we’d instantly be the 4thlargest commercial real estate firmin the U.S. based on revenues andsquare feet under management,”according to Carney. On a local basis, clients are still

dealing with the same team of office,industrial, retail, investment, landand multi housing experts that havebeen delivering cutting edge realestate services and insight for thepast 37 years. The BRE Commercialsupport, services and management

team will be unchanged. “We believethis change is in our firm’s best longterm interest and we are excited tobe joining an organization with asimilar vision of remaining privateand offering outstanding services toour clients and brokers,” said JohnAppelbe, BRE Commercial AffiliationCommittee. The successful businessmodel that was created six years ago,when BRE Commercial became alocally owned office, will be main-tained allowing for high broker splitscoupled with the industry’s best

© Copyright 2010 by MP Magazines LLC8

Cover Story

service and support staff. “We havebeen able to attract and retain thebest and brightest brokers in thebusiness by hiring the best people,giving them a great platform toconduct business from and thengetting out of their way so that theycan operate in the best interest oftheir clients,” said Carney.Cassidy Turley BRE Commercial

will continue to deliver outstandingservices to their clients, whileleveraging a network of offices,services, and brokers as part of the

new Cassidy Turley brand. Localclients will see virtually no changeoutside of the new name, CassidyTurley BRE Commercial and the newlogo, with its bright green edge. Fornational clients, Cassidy Turley BRECommercial will still be able to servemulti-city assignments and nationalreal estate needs with a new networkof offices.“This move is going to allow our

company to remain broker centric,committed to remaining private, andlet us keeps the focus on the needs of

our clients,” according to Brian Lee,BRE Commercial Board of Directors.“At the same time it providesopportunities moving forward andthat allow us and our clients to takeadvantage of the robust PropertyManagement and Corporate Serviceofferings available to us now,” saidLee. Cassidy Turley provides a robustCorporate Services platform serving22,000 locations for Fortune 1,000companies and delivers a newbusiness location for clients every 80minutes. The Property Management

BRE Commercial Management Team: (Back Row) Jason Haren, Christie Veldhuizen,Mark Dillon, Bryon Carney (Seated) Tom Atkinson, Patti Martin

9

group services 420 million squarefeet making them the 4th largestfirm nationwide. In addition to the Corporate

Services and Property Managementgroups, Cassidy Turley provides highquality, end-to-end commercial realestate services, specializing inCapital Markets, Landlord andTenant Representation and ProjectManagement. Cassidy Turley alsooffers first class market research,integrated, tailored solutions, and anindustry expertise which spans

BRE Commercial Affiliation Committee: (Back Row) Steve Lindley, Trevor Klinkhamer, Marc Tuite, Dan Salley (Middle Row) Pat Sinnott,Paul Boyle, Steve Nicoluzakis, Jeff Wentworth, Mitch Chilton (Seated) John Appelbe, Bryon Carney, Brian Lee

www.brephoenix.com, www.cassidyturley.com or contact BRE Commercial at 602.954.9000.

We believe joining the new Cassidy Turley wasa huge opportunity that couldn’t be missed.“ ”Bryon Carney, President, Managing Partner, BRE Commercial

several practice groups, including:Automotive, Food Facilities,Healthcare, Higher Education,Hospitality, Law Firm, Life Sciences,and Not-for-Profit sectors. �

BRE COMMERCIALIS NOW CASSIDY TURLEY. REAL MARKET KNOWLEDGE.

REAL CONNECTIONS.

REAL PASSION.

REAL RESULTS.

CAPITAL MARKETS CORPORATE SERVICES LEASING & TENANT REPRESENTATION PROJECT & DEVELOPMENT SERVICES PROPERTY MANAGEMENT

We are a national team of dedicated commercial real estate professionals with a

history of 100 years of successful client relationships which include $15 billion in

annual transactions, 420 million square feet of managed space and 22,000 Corporate

Services locations. Our world-class expertise enables us to deliver integrated, tailored

solutions around the globe. Our knowledge of local markets and deep industry

connections allow us to achieve superior results. We are advocates for our clients

and passionate about their long-term success. We are Cassidy Turley BRE Commercial.

To learn more, visit www.brephoenix.com or call 602.954.9000.

© 2010 Cassidy Turley.

OUR CLIENTS INCLUDE: BMW OF NORTH AMERICALUCENT TECHNOLOGIESDELTA AIRLINES UNILEVERCOSMETICS INTERNATIONALS E I K O CORPORATION OFAMERICA CRATE AND BARRELTIAA-CREF MORGAN STANLEYP E A R S O N E D U C AT I O NNOVARTIS AT&T MCGRAW-HILLCOMPANIES TIME INC. TEJONRANCH SPORTCRAFTF E D E R A L E X P R E S SWYNDHAM GARDEN HOTELSL E H M A N B R O T H E R S BMW OF NORTH AMERICALUCENT TECHNOLOGIESDELTA AIRLINES UNILEVERCOSMETICS INTERNATIONALS E I K O CORPORATION OFAMERICA CRATE AND BARRELTIAA-CREF MORGAN STANLEYP E A R S O N E D U C AT I O NNOVARTIS AT&T MCGRAW-HILLCOMPANIES TIME INC. TEJONRANCH SPORTCRAFTF E D E R A L E X P R E S SWYNDHAM GARDEN HOTELSL E H M A N B R O T H E R S BMW OF NORTH AMERICALUCENT TECHNOLOGIESDELTA AIRLINES UNILEVERCOSMETICS INTERNATIONALS E I K O CORPORATION OFAMERICA CRATE AND BARRELTIAA-CREF MORGAN STANLEYP E A R S O N E D U C AT I O NNOVARTIS AT&T MCGRAW-HILLCOMPANIES TIME INC. TEJONRANCH SPORTCRAFTF E D E R A L E X P R E S SWYNDHAM GARDEN HOTELSL E H M A N B R O T H E R S BMW OF NORTH AMERICALUCENT TECHNOLOGIESDELTA AIRLINES UNILEVERCOSMETICS INTERNATIONALS E I K O CORPORATION OFAMERICA CRATE AND BARRELTIAA-CREF MORGAN STANLEYP E A R S O N E D U C AT I O NNOVARTIS AT&T MCGRAW-HILLCOMPANIES TIME INC. TEJONRANCH SPORTCRAFTF E D E R A L E X P R E S SWYNDHAM GARDEN HOTELSL E H M A N B R O T H E R S BMW OF NORTH AMERICA

B U I L D - T O - S U I T SF O R E I G N T R A D E

Z O N E SD I S T R I B U T I O N

C E N T E R S

Tom McCormick, SIORSenior Vice President and Regional Development Officer

RGDC-CA@rockgrp.com

Mark Singerman, LEED®APAssistant Vice PresidentRegional Director

RGDC-AZ@rockgrp.com

rockgroupdevelopment.com

For information regarding current Rockefeller Group Development Corporation projects, please contact:

ROCKEFELLER GROUP DEVELOPMENT CORPORATIONIS PLEASED TO BE REPRESENTED ON ITS CURRENT DEVELOPMENTS IN ARIZONA

BY THE FOLLOWING BROKERS:

In Chandler and Gilbert

Colliers International2390 E. Camelback RoadSuite 100Phoenix, AZ 85016602-222-5000 tel.colliers.com/phoenix

In Tucson

Picor1100 N. Wilmot StreetSuite 200Tucson, AZ 85712520-748-7100 tel.info@picor.com

Phil Breidenbach, SIORPaul Sieczkowski, SIORRob Martensen, CCIM, SIORLindsey CarlsonSteve Larsen

Peter Douglas, SIORRob Glaser, SIOR

A MEMBER OF THE CUSHMAN & WAKEFIELD ALLIANCE

Chandler Corporate Center*

McClintock and Desert Breeze Blvd.

Chandler

Rockefeller GroupChandler Crossroads

Gilbert and Queen Creek RoadsChandler

Rockefeller GroupChandler 101

Loop 101 at Chandler Blvd.Chandler

Rockefeller GroupGilbert Crossroads

Germann Rd. and Mustang DriveGilbert

Rockefeller GroupDistribution Center**

Airport SubmarketTucson

*70,500 SF NEW CLASS A OFFICE AVAILABLE; CERTIFIED LEED SILVER

**UP TO 101,800 SF NEW HIGH CUBE WAREHOUSE AVAILABLE

*

Announcements • Press Releases • Promotions • Awards • Community Info

&PeopleProperties

PHILIP WURTH JOINS COLLIERSINTERNATIONAL–GREATER PHOENIXSpecialist in Commercial OfficeProperties in Metro Phoenix East Valley MarketsColliers International–Greater Phoenix announces that

Philip Wurth, vice president, has joined the Scottsdale of-fice. Wurth specializes in the sale and leasing of commer-

cial office properties in the EastValley submarkets in metro Phoenix.“Colliers is pleased to welcome

Philip Wurth to our team,” said BobMulhern, managing director. “Phil’sexperience in all facets of commer-cial real estate coupled with his in-depth knowledge of the East Valleymarkets makes him a valuable addi-tion as we continue to expand ourmarket reach.” Wurth joins Colliers from Sperry

Van Ness in Phoenix, where he wasa vice president responsible for marketing and businessdevelopment of commercial office properties. He was pre-viously with Logan Commercial, where he was recognizedas the 2004 and 2007 Broker of the Year and served onLogan’s Broker Advisory Board, providing strategic direc-tion and market expertise. Since beginning his brokeragecareer in 2003, Wurth has generated more than 300 saleand lease transactions totaling more than one millionsquare feet. A graduate of Arizona State University, Wurth holds a

Bachelor of Science degree in accounting. He is a memberof Urban Land Institute and East Valley Partnership. “I am excited to join Colliers,” said Wurth. “Colliers’ ex-

tensive platform of real estate solutions will enable me toprovide comprehensive services to my clients, includingbrokerage, property management, valuation, financialservices and in-depth market research. Their national andinternational reach will allow me to meet the needs of myclients, regardless of location.”

R.O.I. PROPERTIES WELCOMES DON BRIGHAM TO ITSCOMMERCIAL DISTRESSEDASSETS DIVISION Don Brigham previously was the

Executive Vice President andDesignated Broker for ColdwellBanker Commercial Metro Central.He will serve as R.O.I. Properties'Senior Vice President and Directorof Commercial Operations. Don canbe reached at dbrigham@roiproper-tiesaz.com

CB RICHARD ELLIS ANNOUNCES TWOBROKERAGE PROFESSIONALS EARN SIORDESIGNATION The Phoenix office of CB Richard Ellis (CBRE) an-

nounces that senior vice presidents Pat Feeney and DanielCalihan have earned their SIOR Industrial Specialist pro-fessional designation from the Society of Industrial andOffice Realtors®.Feeney, who is entering his 24th year in commercial real

estate, has completed more than 2,000 sale and leasetransactions representing more than 80 million square

Philip Wurth

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Don Brigham

13

People & Properties

feet of industrial product. He is consistently recognizedamong CBRE’s top professionals in metro Phoenix and hasreceived the National Association of Office and IndustrialProfessionals’ (NAIOP) coveted “Broker of the Year” award

three times in the past 10 years. Calihan has been a business partner

of Feeney’s since 1998, specializing inindustrial and flex-office lease negoti-ations, building and land sales, land-lord and tenant representation,build-to-suit development, site selec-tion and investment property sales.He has an innate ability to identifyand understand his client’s needs andworks diligently toward accomplish-ing their real estate goals. Calihan,

too, ranks among CBRE’s top professionals in metroPhoenix and has accepted NAIOP’s “Broker of the Year”award each time with Feeney.To achieve the SIOR designation, Feeney and Calihan

completed at least five years of creditable experience in thehighly specialized field of industrial real estate and demon-

strated SIOR professional level ability, competency, ethicalconduct and personal integrity.

Individuals who hold the SIOR des-ignation are top producers in thecommercial real estate field and arerepresented in 590 cities and 22 coun-tries around the world. SIOR enforcesa strict code of ethics and requires de-signees to complete its ethics coursewithin their first three years of mem-bership.Feeney and Calihan join Ashley

Brooks, another professional atCBRE’s Phoenix office who also has

earned his SIOR designation.Pat Feeney

Daniel Calihan

To have an item of interest included in anupcoming edition of People & Properties, emailall submissions to mandy@mpmagazines.com

14

Broker of the Month

MIKE POLACHEKWhen you ask Mike Polachekthe key to buildingrelationships in commercialreal estate, there is nohesitation. “A good broker hasexperience, knowledge,personality and perseverance,”he says. “But it is the trust that your clients have in you,that allows you to be part oftheir decision makingprocess.” And For Polachek,that trust is the most satisfyingaspect of being a broker.

Clients agree, “Working with Mikeis a pleasure because you havesomeone who is solution orientedand not just trying to get the dealdone. He understands both sides ofthe equation and tries to make itwork for everyone. Mike is one ofthe great ones! If only we couldclone him,” says Terry Gibbons ofWestcor Partners.When Mike Polachek joined SRS

Real Estate Partners this year asExecutive Vice President, specializ-ing in tenant and landlordrepresentation, he knew that he’dfound the right spot. He explains, “Ithought their brokers were some ofthe brightest in town…they hadintegrity and I felt their personalitiesand culture would mesh with mine.”

Why Move?Six years before Polachek was

approached by SRS, he merged his

15

Broker of the Month

A New Chapter for Mike Polachekcompany with two partners fromRED Development in order to givethat company a brokerage arm. Thenewly formed entity was called REDRealty Advisors. While business wasgood, (the firm worked on the Shopsat Norterra, a joint venture withUSAA Insurance that included leasingof approximately 350,000 square feetand is anchored by Harkins Theatres,Best Buy, & Dick’s Sporting Goods),their focus was local-centric. When the call from SRS came,

Polachek thought it was the perfectgrowth opportunity. His respect forEd Beeh and the other peopleassociated with SRS, solidified hisdecision to join the company. “Mycontacts, the people I know aroundthe country, and my tenant relationswere attractive to SRS,” he says. Butwith some young leasing agents toconsider, SRS offered somethingimportant too; national presence anda more structured environment inwhich they could flourish. “I thoughtit was the perfect fit,” he notes.Polachek feels lucky to be surroundedby the people that have helped tocontribute to his success and whosesuccess he has fostered.

Focus on RetailSRS is the largest national ‘retail

only’ brokerage company with 20offices throughout the U.S. Althoughthere is plenty of competition fromother firms, Polachek isn’t worried.“Some of the finest brokerage housesin the country have offices in Phoenix– but SRS has a different model,” heexplains. The smaller size of SRSallows employees to have an ‘all forone’ mentality. Teams meet regularlyto share collective information andsales and lease summaries are madeaccessible over their internalnetwork. In addition, the companyis very careful to steer away frompotential conflicts of interest.To avoid questions ofcompetition, SRS won’tduplicate businessopportunities in closeproximity of oneanother.

Polachek hasembarked on anew chapter and

his excitement is palatable as heexplains how SRS is geared to addingvalue. “We use sophisticated graphicsand mapping tools to locate competi-tors and retail nodes for clients. But itis the blend of the culture, the toolsand the brokers themselves thatallows SRS to stand out from other

By Kathleen O’Brien Thompson

Photos by Amy Pileggi

Mike and Brian Polachek

16

Broker of the Month

firms.” A boutique brokerage firmwith a national presence, the SRSmodel is a big part of what madePolachek interested in joining thecompany. He believes it is a powerfulcombination and contributes to theirsuccess.

Prep-hair-ationOriginally from Los Angeles,

Polachek came to Phoenix to attendArizona State University. After grad-uation, he took a job with OwensCorning Fiberglas which meant relo-cating to the midwest. It was a goodposition, but his dream was to be astockbroker. Eventually, an interest-ing position opened up with RossPerot’s newly purchased investmentcompany and Polachek seized theopportunity to interview with himand possibly move back west. Afterthree hours of waiting and threehaircuts, he was offered a job. Polachek explains the interview

preparation; “Perot was a veteran ofthe Navy and his assistant would notallow any of the male candidates tobe interviewed without a haircut.

After my first two attemptsdidn’t pass his inspection,he called down to the lobbybarber and told him she wassending another one downto get the, ‘Perot cut,’” helaughs. The position proved fate-

ful. Polachek moved back toPhoenix and while workingat his new career in finance,one of his clients suggestedhe look into real estate.Enticed by the challengethat the commercial real es-tate industry presented, heinterviewed with severalcompanies and accepted a positionwith Grubb & Ellis. At the time, it wasa new office with only eight people.

Developing his NichePolachek was made responsible

for retail leasing and he developedan area of expertise; working withretailers and restaurants. His areaspecific focus helped him grow, butconcentrating on cold calling is re-ally what expanded his business.

Remembering his early days,Polachek describes going to the li-brary and searching through yellowpages just to find out where a poten-tial client’s home office was located.“Technology gives us instant accessto information now, but it’s still acold calling business,” he states. Establishing relationships, cou-

pled with the fortunate position ofbeing the only person in Phoenixwho specialized in tenant represen-tation at that time, gave Polachek the

Ed Beeh, Mike Polachek, Todd Folger (Phoenix Partners)

SRS Phoenix Office

ability to complete multiple transac-tions. “We were constantlyprospecting for national or regionalretailers who were not in the Arizonamarket, but that might want to lo-cate here. You have to stay ahead ofthe game to compete.” The formulaproved very successful for Polachek. Doug Walrod is one of the clients

that Polachek has worked with,“Mike has been instrumental inassisting me in the expansion ofsuch retail chains as FamousFootwear, Sears Grand, Ulta andDick's Sporting Goods. He is one ofthe top brokers in the country andrespected for being knowledgeableof the markets he covers, and for hisoverall integrity.”

After leaving Grubb & Ellis,Polachek joined Trammell Crow asthe retail development partner forArizona, Nevada and Utah. Over aseven year period he developedapproximately 2 million square feet,with seven shopping centers inPhoenix, four in Tucson and oneeach in Las Vegas and Orem, Utah.During this time, Polachek was thestate Director of ICSC for bothArizona and New Mexico and from1989-1992 he was the GovernmentAffairs director. When TrammellCrow made the corporate decisionto vacate the development business,Polachek decided to start his owncompany. In 1991, Polachek Realty Advisors

(PRA) was formed. Concentratingonce again on tenant representationresulted in steady growth for thecompany. “We provided competitionstudies for companies

showing good locations for them toexpand based on their demographicprofile,” Polachek states. He soonadded three people to his staff andgained key clients like Best Buy, whoremains his client to this day.Their Director of Real Estate,

Melissa Moseley notes, "MikePolachek has been instrumental inassisting Best Buy in securing topreal estate locations within Arizona."PRA developed strategic plans for BestBuy in Arizona and Nevada and theynow have 26 locations since 1993.

What’s ImportantMike Polachek considers his work

a hobby. “I love what I do. Every dayis a new challenge; some good –some bad, but I enjoy coming towork every day.” Yet he is quick topoint out that he and wife Jane of 36years have three sons, the oldestBrett is 34 and they have twins Blairand Brian who are 32. Close-knit,they all live in Phoenix and all threechildren are in commercial real es-tate. Polachek is a huge ASU fan,and he is currently on the Board ofDirectors of the ASU Sun AngelFoundation. Giving back is impor-tant to Polachek and he is proud tobe a member of the PhoenixThunderbirds, but it’s his family thatis most important. “My family wasalways first; I coached my kids insports, if I had to go to one of theirgames, I did it. I did everything Icould to make sure they were first…my passion is my family.”��

Michael PolachekSRS Real Estate Partners2415 E. Camelback Rd., Suite 465Phoenix, AZ 85016602.682.6000 mike.polachek@srsre.com

17

Mike Polachek36 YEARS OF EXPERIENCEHAS SHOWN MIKE POLACHEK:� Four recessions - and that

we are led out of it by theconsumer.

� Listening is critical, “It’sbeen the key to mysuccess.”

� Brokers need to be hardworking, organized, andpersonable.

� Use resources like UrbanLand Institute and ICSC tobuild your business.

� Phoenix is a great place tolive, raise a family andfuture opportunities abound.

Polachek Family

Brett, Blair, Mike & Brian

© Copyright 2010 by MP Magazines LLC

18

On The Market

Paradise ValleyIntegratedMedical ServicesBuilding

M E D I C A L O F F I C E F O R L E A S E

Travis Ives602.954.4542

Vince Femiano602.954.7559

Kate Morris602.956.5000

LEASING INFORMATION

www.transwestern.net

Class A medical office available on the Paradise Valley Hospital Campus3815 East Bell Road, Phoenix, Arizona

BUILDING FEATURES

Newly-built, four-story, 124,000 SF, Class A medical office building

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Build on the power of our network.TM

www.naihorizon.com tel 602 955 4000

OFFICE INDUSTRIAL RETAIL HEALTHCARE INVESTMENTS LAND PROPERTY MANAGEMENT

Shelby Tworek Mark WilckeChris Gerow

NAI Horizon Congratulates Our Top Brokers ...

Tom Weinhold Jeff HaysIsy Sonabend

Great works are performed not by strength but by perseverance. ~Samuel Johnson

19

Property Profile

24th at Camelback II…Completing the VisionIn 2006 Hines, the internationalreal estate firm, announcedplans to develop a secondoffice building at one of themost dynamic corners inPhoenix, 24th Street andCamelback Road. Three yearslater, the 11-story, 300,000-square-foot 24th at CamelbackII is nearing completion. Themixed-use project, beingdeveloped jointly by Hines anda major U.S. pension fundrepresented by Invesco, is in

the final phase of the projectthat includes 24th at CamelbackI, an eight-story, 300,000-square-foot office building with groundfloor retail space, OptimaBiltmore Towers, a 15-story, 208-unit residential condominiumproject developed by Chicago-based Optima and twocovered parking structuresfeaturing over 2,200 spaces. Inaddition to being thedeveloper, Hines is providingproperty management servicesfor both office buildings at 24that Camelback.

"The Camelback corridor is thepremier office location in Phoenix,"said Hines’ Vice President-Designated Broker William Olson.“24th at Camelback II is the finalphase in a development that wascarefully designed and built to theworld-class standards for its loca-tion,” said Olson. Olson and ProjectManager John Orsak have led thedevelopment and marketing effortsfor Hines’ Phoenix office through-out the development of the entireproject. The full 10-acre site hasbeen sensitively planned to comple-ment the surrounding streetscapeand provide tenants with dramaticviews of Piestewa Peak andCamelback Mountain.

20

Property Profile

Architects Pickard Chilton of NewHaven, CT designed both phases ofthe development to maximize views.According to Jon Pickard, AIA, prin-cipal, “Qualities that are found nowhere else but Phoenix, and espe-cially this projects location at 24th atCamelback, make it perfect for a dia-logue with the surroundingmountains. Camelback Mountainwas a generator for creating thesweeping curved walls of both build-ings, offering not only views, butmaking the design unique and creat-ing memorable shapes.” Thebuilding’s powerful geometry andcareful attention to detail include anarrowing on the north side offeringa more graceful façade alongCamelback Road. “24th atCamelback II stands out in bold re-lief to the industry standard,” saidScott Hughes, AIA, Kendall/HeatonAssociates, Inc. Houston-basedKendall/Heaton is the executive/pro-duction architects of record for theproject. Hughes cites “the continuedpassion of Hines in bringing about

indelible buildings through re-spected design architects likePickard Chilton and the team ori-ented approach of HolderConstruction whose determinationin working with the architects toachieve the design intent is clearlyevident in this building.” The south side of the building in-

cludes a low-rise section that waspurposefully created to define edgeof the outdoor plaza area. The 24that Camelback II plaza integrates thedevelopment into the CamelbackCorridor and provides a connectionto the Phase I building. “Our goal asarchitects is to worry about thespaces between the buildings asmuch as the buildings. We wanted toform powerful public spaces, andwhen the original designs for theproject were created in the late 90’-s,the buildings were defined by thepublic park area between them,” saidPickard. Hines’ goal was to create vi-tality around the park with stores,restaurants and gathering places.They employed GB Two Landscape

Architecture, Inc. from Scottsdale tobring the landscape design for theplaza together. Shari Zimmerman,principal with GB, describes the areaas a place for respite. “We designedthe plaza as a place for people tocome together, whether taking abreak from their work day or justwalking through the neighborhood.The design of the plaza extends fromthe shapes and forms of the build-ings, with areas of sun and shade,places to sit and areas to stroll.”Zimmerman said the plaza includesa variety of vegetation including datepalms, dwarf myrtle and pomegran-ate, natal plum, lantana and ruellia.A three-foot sunken grass courtyardoffers a softer area more removedfrom the street sounds, with tables,chairs and built-in benches. The building’s exterior incorpo-

rates horizontal glass planes, whichPickard likened to “the eyes of thebuilding.” In designing 24th atCamelback II, Pickard Chilton tookinto account that while highly reflec-tive glass reduces the transmission of

21

Property Profile

solar radiance; it does not typicallymake for a “good neighbor.”Therefore they included a series ofsun shades that allowed them to usea lower level of reflective glass, elimi-nating glare, while still controllingsolar levels and creating a more com-

fortable work environment for thetenants. The sun shades and high-performance dual pane glass are twoelements that were part of the overalldesign and construction process im-plemented to meet higherenvironmental standards. 24th at

Camelback II has been LEED® Pre-certified Silver in the U.S. GreenBuilding Council’s Core & Shell rat-ing system. Hines fully understandsthe importance of designing tohigher environmental standards, andwhat the LEED certification means.

“We designed the plaza as a place for people to come together.”Shari Zimmerman, GB Two Landscape Architecture

Grubb & Ellis|BRE Commercial, LLC marketing team (back, l to r) Don Arones, Jeff Hartland, Brent Mallonee, Brett Abramson and Tom Jacobs and Hines Phoenix (front, l to r) Ben Shim, Bill Olson and John Orsak

24th at Camelback II stands out in bold relief to the industry standard

22

Property Profile

The firm focuses on incorporatinggood mechanical systems and in-cludes LEED consultants, designers,and landscape architect from the be-ginning of the conversation beforethey start a project. Hines is one ofthe most sustainable real estate com-panies in the world. In 2009 Hineswas recognized by the EPA, for thesecond time, with the ENERGYSTAR Sustained Excellence Award;Hines has labelled 138 buildings,representing approximately 76 mil-lion square feet, in the ENERGYSTAR program. Twelve Hines devel-opment or redevelopment projects,representing more than six millionsquare feet, have qualified asDesigned to Earn the ENERGYSTAR. In aggregate, Hines’ projectsrepresent approximately 20 percentof the Designed to the Earn the EN-ERGY STAR program, as measured

by square footage. Hines is also aleader in the U.S. Green BuildingCouncil’s programs, with 146 proj-ects, representing approximately 89million square feet that have beencertified, pre-certified or registeredunder the various LEED rating sys-tems. Hines was a founding memberof the German Sustainable BuildingCouncil and is currently engaged inthe creation of a Russia GreenBuilding Council. Hines is also activein the BRE EnvironmentalAssessment Method program in theUnited Kingdom and the HauteQualité Environnementale programin France.“Tenants will see the benefits of

the LEED certification immediatelywith reduced operating costs,” saidJeff Hartland, Grubb & Ellis|BRECommercial, LLC. Hartland, alongwith Don Arones, Tom Jacobs, Brett

Abramson and Brent Mallonee, havethe marketing assignment for 24th atCamelback II as well as availablespace in 24th at Camelback I. “Hinesis one of the most sophisticated de-velopers in the market, designing toa higher set of environmental, corpo-rate and community standards.” �

www.hines.comwww.brephoenix.comwww.pickardchilton.comwww.kendall-heaton.comwww.gbtwo.comwww.holderconstruction.com

Camelback II has been LEED® Pre-certified Silver

“24th at Camelback II is the final phase in a development that was carefully designed and built to the world-class standards for its location”

William Olson, Hines Vice President

© Copyright 2010 by MP Magazines LLC

Mandy PurcellCommercial Executive magazinemandy@mpmagazines.com(480) 946-0398

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Jon Cowen Cowen Commericaljcowen@cowencommercial.com(602) 954-9966

Kurt RoseneThe Alter Group krosene@altergroup.com(480) 302-6630

Richard HubbardValley Partnershiprhubbard@valleypartnership.org(602) 228-1590

Terry Martin DenningNAI Horizonterry.denning@naihorizon.com(602) 852-3438

Ed BeehSRS Real Estate Partnersed.beeh@srsre.com(602) 682-6000

Bryon CarneyGrubb & Ellis/BRE Commercialbcarney@brephoenix.com602-954-9000

Jim KeeleyColliers Internationaljim.keeley@colliers.com(480) 596-9000

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David Wright1031 CorporationDavid.Wright@1031cpas.com(303) 402-1031SPONSOR

Tom AtkinsonGrubb & Ellis/BRE Commercial TAtkinson@brephoenix.com(602) 224-4431

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Jeff AllenKitchell Developmentjallen@kitchell.com602-264-4411

Thomas C. JohnstonCushman & Wakefield of Arizona, Inc.tom.johnston@cushwake.com(602) 229-5925

Bob MulhernColliers Internationalbob.mulhern@colliers.com(480) 596-9000

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A special thanks to our sponsors . . .

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Broker Council

Featured Broker Online Nomination

Criteria for Featured Broker of the Month Nomination:� Active commercial real estate broker

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24

This isOne Time That Size

Doesn’t Matter.

So don’t be fooled by thinking bigger is better in commercial real estate. Since everyone has

basically the same tools – the key is in the execution.

At Cowen Commercial our smaller size works forclients with a stronger work ethic, company-wide

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(602) 954-9966Or, visit us online at www.cowencommercial.com

26

Architect’s Roundtable sponsored by

Even though architecture is a detailedand precise discipline that addresses anecessary function in the building

process, it is the aesthetics of a completedproject that compel. Widely regarded by manyas a form of art, good architecture is lauded inmagazines and through industry awards.Enthusiasts describe it with glowing terms -even personifying it with labels like, ‘sexy’ or‘alive.’ Yet architectural works are more thanjust the practical or the artistic. They are oftenperceived as cultural touchstones that definean area, and over time, even civilizations.

What is theDesign Style of Phoenix?Seven Top Valley ArchitectsCome Together toDiscuss Design – Now and What’s Next.

The commercial customer energy efficiency rebate program

27

With an eye to the future, yetmired in the reality of the currenteconomic climate, seven topValley architects gathered to dis-cuss a myriad of designquestions. A varied project focuscontributed to the spirited dis-cussion as did the probingquestions asked by panel modera-tor (and architecture degreeholder) Kurt Rosene,Senior Vice President ofThe Alter Group. Theroundtable was sponsoredby APS Solutions forBusiness, and AndreaChalmers, ProgramMarketing Manager, was onhand to hear the group’s positionon energy-efficient design.The panel consisted of William

Taylor, Principal, DLR Group;Michael Davis, CEO, Davis;Richard Butler, Principal, ButlerDesign Group, Inc.; John Tran,Associate Principal, Omniplan;Patrick Hayes, Principal,PHArchitecture; James Richard,Principal, Richard-Bauer; andMark Patterson, Vice President,SmithGroup.

Rosene: Is there a style toPhoenix? What is it?

Hayes: Phoenix is eclectic.However, over the last few years,we are starting to see better ar-chitecture, advancing design, butI don’t know if we have our ownsignature yet.

Butler: I agree withPatrick in that theValley is eclectic. Iwould say that wehave a mix of stylesand the good thingis it is not confinedto ‘Southwest’ de-

sign; it is broad and has quite abit of diversity. We are doing abetter job of being unique andcontemporary and responding tothe needs/requirements ofeach project.

Richard: There is a regionalmodernism that has oc-curred here. Ourenvironment has led to ex-perimentation, in part dueto materials that are uniqueto our climate and locationwhich allows you to getaway with some experimen-tation. There has been lotsof talk about the ‘desertschool of architecture.’ Ithink that idea has had sometraction. You can see itevolve, and you see it inmore of the mainstreamcontemporary design.

Taylor: In the southwest, weare able to design with out-

door space because our weatheris so mild. In school buildings,we can utilize natural light in thedesign and make it a part of thestyle that we incorporate in ourexteriors and interiors. That isdifferent from other parts of ourcountry.

Tran: I agree with Jim. There is aclear connection between the en-vironment and the ‘style’ ofarchitecture that represents thebest architecture in the desert.It’s not just about buildings per-forming in a sustainable andenvironmentally conscious way;it’s about how building design re-sponds visually to the climate.Recognizing and taking advan-tage of the amazing andabundant light that shifts

MEET THE MODERATOR:

Kurt Rosene over-sees more than 5,000,000SF of real estate in theSouthwestern UnitedStates, directs build-to-suit and propertydevelopment activities. Inaddition, he is responsiblefor business developmentand the coordination ofreal estate services forFortune 500 blue-chip cor-porate clients throughoutthe United States. Roseneholds a Bachelor ofScience degree inArchitecture from ArizonaState University and is alicensed broker in theState of Arizona. He joinedThe Alter Group in 1990,and he is actively involvedin the industry as a mem-ber of CoreNet Global, byserving on the Board ofDirectors of the ArizonaChapter of the NationalAssociation of Industrial &Office Properties and asan associate member ofthe Society of Industrial &Office Realtors.

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throughout the day is an exampleof how architecture is influencedby the environment.

Richard: Buildings here are ahorizontal response to the land,;most stop below six floors.

Patterson: We have a lot of op-portunity to define Arizona styleor this solution-driven design –we impact it with what kind ofsolutions we come up with. Thehistory of architecture here in-cludes Frank Lloyd Wright, Paolo

Soleri and Al Beadle. Their stylesinfluence and coalesce into whatwe are all designing. I recentlyhad a debate with a Las Vegas ar-chitect who said they see us ashaving a true Arizona building

style. I sense this com-ment came out of thefeeling that Vegas has notbeen able to fully take ad-vantage of theiruniqueness. I would sayour style has a lot to dowith both legacy and ourresponse to the environ-ment.

Taylor: That begs thequestion, “Does it erode

our style when others move in?”

Hayes: It does feel like we arestarting to refine and mature. It’san exciting time to be an archi-tect, especially if you’ve beenhere 20 years. You can flirt withnew style, sustainability.Designing with the sun, castingshadows - it’s fun!

Davis: There has been a steadyincrease in aesthetic quality. Itseems like the ‘desert modern’vernacular has been most evidentin residential, smaller institu-tional, civic and commercialprojects. Progress towards a ‘de-finitive’ regional character hastended be less evident in thelarger commercial office and re-tail projects.

Rosene: Is the outdoor mall aresponse to outdoor lifestyle?

Tran: A true lifestyle center ismore than building an outdoormall. The best and most success-ful projects of this type include avariety of uses that go beyondshopping. The worst of theseprojects are simply malls withouta roof, which misses the point ofcreating a real public place.There is an opportunity to create

MEET THE EXPERTS:

William Taylor, AIA,LEED-AP and Principal inthe firm of DLR Group, hasbeen a leader at DLR Groupfor 27 years. His in-deptharchitectural knowledgespans multiple industriesfrom educational facilitiesto commercial projects. Hiswork in educational facilitydesign has received nu-merous awards from theAmerican Association ofSchool Administrators, theNational School BoardAssociation and theCouncil for EducationalFacility PlannersInternational. Taylor’s re-cent projects include thenew Combs High School aswell as the modernizationof both Coronado andSaguaro High Schools forthe Scottsdale UnifiedSchool District. Taylor’sstrong knowledge of sus-tainable elements ofdesign, programming, andconstruction documentshas been instrumental inmaking him an industryleader through DLRGroup’s National EducationForum and as pastChairman of theGovernmental AffairsCommittee and the Co-Chair of the AZ SchoolFacilitiesCoalition for AIAArizona.

Carl Hayden High School – DLR Group

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wonderful gathering places forpeople; we just have to recognizethat there is more to it thanshopping. Unfortunately, thetrend to build outdoor malls hasproduced many projects that failto provide other importantamenities. These projects areoften a ‘follow the leader’ re-sponse to market trends, asopposed to creating a real senseof public space.

Patterson: It goes back to themain street concept, which wasretail driven. These retail centersare the community space, a placethat creates an opportunity to in-teract. In the debate betweeninside versus outside – outside ismore contemporary.

Tran: Retail clearly is the driver inthe outdoor lifestyle centers, butthe best of these include civic andcommunity amenities, a place togo even when you aren’t shopping.

Richard: I think we have gottenbetter at designing places be-cause we have a moresophisticated approach. We un-derstand how they work, and as aresult, they are better spaces be-cause we are better at building

for a sense of com-munity. As for thependulum con-cept, we do swingone way or theother, inside versusoutside. Maybe ifwe blend the ideas- that would be in-teresting. I thinkthat some trendsoccur because de-velopers, whodon’t reside hereor have the history,come out here andwill follow a trend.

Tran: We must rec-ognize that we live in anenvironment that is brutal for acertain amount of time each year,and yet, it can be amazing atother times. Additionally, weshould recognize that the shop-per in North Scottsdale hasdifferent expectations and re-quirements than the shopper inthe East Valley. The design mustaddress these issues while alsoproviding the kind of wonderfulspaces we just discussed.It’s important to recognizethat there are many com-plex issues that needconsideration when think-ing about indoor versusoutdoor design, and thateach project must respondto its own specific criteria.

Rosene: The idea ofmixed use was to makea city center, but, mixeduse will be impossibleto finance in the nextfew years. So what isthe future of the nextgreat gathering placedesign to be built?

Davis: In order for anymixed use to flourish, theretail has to work. While

office, residential and hospitalityfunction well when they are lo-cated above the first floor, retailonly works at grade [level]. Thereare also demographic limitationsto how much retail can work in agiven area, as well as issues oftenant mix. For a while, everyonewanted a Kierland.

Butler: Oh no, not that ‘K’ wordagain!! [Everyone laughs].

Davis: A lot of design withground floor office space wasconceived that doesn’t work asretail; there are a few examplesthat are having a tough time.Additionally, financing chal-lenges, HOAs and simply being atthe right time in the market cyclefor retail, office and residentialsimultaneously is very difficult.There is a lot of luck to that typeof project.

Hayes: You can’t just forcethings because you want it to bebetter. Phoenix is built aroundthe car,- we can’t just abandonthat. The places that do work,

Rick Butler is thePresident of Butler DesignGroup (BDG), Architectsand Planners, which hefounded in 1996. Butler hasover 30 years of experiencein the architectural profes-sion in Arizona. Butler’spassion and commitment toachitecture is reflected inthe planning, design andsupervision of many com-plex and high-profilecommercial projects, in-cluding Tempe Marketplace,the Discount Tire CorporateHeadquarters, Casa PalomaSpecialty Retail Center, theShops at Norterra, and theVillage at Arrowhead. SinceButler Design Group’s in-ception, it has been therecipient of the NAIOPArchitect of the Year awardsix times and has receivednumerous individual projectawards from NAIOP, the Cityof Tempe, City of Chandler,and RED Awards. He is alsoa Life Member of theExecutive Council of theBoys and Girls Clubs ofMetro Phoenix, and BDGhas supported a number oforganizations in the Valley,including SARRC, Brokersfor Kids, ThunderbirdCharities, American Cancer

Society, JuvenileDiabetes, andChrysallis.

Village Health Club and Spa in DC RanchButler Design Group

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there is something to it, and as adesigner you try to find what thatis. What makes Kierland work isthat there are people who gothere who are on vacation, aswell as people who live in andaround that area; there is awealthy demographic that shopsthere. We need to be design re-sponsive to what works. Mixeduse works on paper,but it doesn’t al-ways translate.

Richard: A decom-pressed, lowerdensity, mixed-useproject in a largerarea has workedwell around theUniversity (ArizonaState), due to itshorizontal connec-tion into the cityfabric. You will seemore of that model.

Rosene: How are budgets af-fecting design right now?

Taylor: There is a moratoriumon school construction. Statefunding for school constructionhas been on hold for a year, andat this point, school districtswould have to pass a bond tobuild. However, the demand for

new schools isn’t there be-cause growth has slowed.When schools are funded bythe state, they need to havean adequate budget for con-struction cost per square foot.

Patterson: For those of youwho specialize ineducation/institution archi-tecture, do you agree that ifwe invested in centrally lo-cated schools, we wouldcreate more density?

Richard & Taylor both answer,yes.

Richard: Nobody has moneyleft, so there is a lot of fog inthe room. The only projectswe are seeing move forward

are being privately funded or arepart of a previous bond. Thereare many discussions of alternatefunding and doing more with less.

Patterson: We will have to goback to the publicly fundedmodel. Private funding is goingtowards more government guar-anteed projects.

Rosene: From a developerstandpoint, when talkingabout adding LEED pointsversus going for the LEEDBasic designation, I want toactually do something thatconserves energy, not justget points. If you go out intothe field and start talkingabout LEED points, it be-comes difficult, it almostbecomes a game. It’s hard todo in the sticks, but in urbanareas, you have a better shot.What are your thoughts?

Richard: What you’re talkingabout is “LEED-able.” You doeverything to make it LEED certifiable but not through docu-mentation or the registrationprocess. This way the client can

Mark Pattersonis Vice President andHealthcare Studio Leader forthe Phoenix office ofSmithGroup. With over 25years of experience in de-sign, planning and projectmanagement, Patterson spe-cializes in providing healingenvironment throughthoughtful and innovativedesign. A graduate of TheUniversity of Illinois —Champaign-Urbana, he is alicensed architect in Arizonaand California, holds hisLEED ProfessionalAccreditation from the U.S.Green Building Council, andis accredited by theAmerican College ofHealthcare Architects.Patterson currently serves asthe 2009 American Instituteof Architects ArizonaComponent President and asa member of the Center forHealth Design ResearchCoalition. His studio portfolioincludes projects throughoutthe Southwestern U.S. forclients, including BannerHealth, Iasis Corporation,Mayo Clinic, U.S. VeteransAffairs and CatholicHealthcare West.

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say it was designed tomeet LEED gold stan-dards, but they don’tbecome registered. Manyclients just don’t havetime to go through thatprocess.

Chalmers: We know thatcertain aspects of LEEDlower the lifetime operat-ing costs of the buildingand that energy efficiencyand water efficiency arethe two areas that lowerlong-term operating costs andrepay the investment in a shortperiod of time. Does long-term op-erating cost factor into theequation when you are designingto a budget?

Rosene: Yes, it does. I can saywe were doing things back tenyears ago that would have beenLEED certified, though, in mymind it’s not about the points, it’sabout what makes sense for theenvironment.

Patterson: We (at this table) areat the forefront of sustainable de-sign; we need to help drive thatunderstanding.

Butler: In office buildings, forexample, it is NOT difficult orcostly just to ‘get certified’. Rightnow, given the economy, the bro-kerage community is telling usthat rental rates dictate. LEED isa winner in today’s market if itdoesn't affect the bottom line.The more common trend thatwe’re seeing is to get as manypoints towards certification aspossible, without necessarilygoing for the gold or silver desig-nation.

Hayes: For many developers, Ithink it’s about getting the nameof LEED. There is a huge benefit,but most aren’t necessarily willing

to pay much more if they aren’tgoing to profit from it. However,some do have a specific con-science about it.

Richard: I think the municipali-ties and institutions direct it.There is one community that saidall new buildings have to be goldLEED certified. Public percep-tion is that LEED or green isgood, but when we hit the man-dates, it becomes a proceduralthing versus what it needs to be.

Taylor: Yes, in fact the governorhad a mandate thatrequired all state-funded buildingshave to be LEEDsilver certified"when practical."

Patterson:SmithGroup de-signed our firstdouble platinum be-cause the privatecorporation wasdriven by their con-cern for theirenvironment. Allthe parties hadbuy-in; it was im-portant to have thiscommitment fromthe start.

Tran: I do think

that it is interesting that theLEED discussions are oftenabout new projects. From an en-vironmental perspective, nothingis more sustainable than keepingan existing building and makingit better. An emerging market isthe work to bring existing build-ings up to current standards ofperformance. As far as new con-struction is concerned, the highprofile gold and platinum proj-ects are the couture projects, butthe biggest difference could beabout making the clunkers a littlebit better. I’d rather build ten

Patrick C. Hayes, AIA,LEED AP, has over 25 years ofexperience, 22 years as aPrincipal Partner. He estab-lished Patrick HayesArchitecture, Inc.(PHArchitecture) in 1999 andprovides design services formaster planning, office, in-dustrial, retail, tenantimprovements, high technol-ogy, and medical markets.The firm’s area of expertiseresides in the build-to-suitmarkets and in their use ofinnovative, in-house, three-dimensional design withanimated renderings andvideos. PHArchitecture con-tinues to investigate andintroduce advanced technol-ogy, not only in the designand documentation process,but also in marketing andinformation flow. Hayes andhis team have a vast amountof experience, and their in-depth understanding ofcurrent market conditions al-lows them to focus not onlyon design, but on the eco-nomic success of a project.As a standard businesspractice, PHArchitecture uti-lizes a ‘value proposition’methodology. Mr. Hayes is anactive member of NAIOP, theAIA, and NCARB, is a LEEDAP, and a local communitybank board member. Industryawards and successful proj-ects include multiples of thefollowing: NAIOP Architect ofthe Year Awards; NAIOPOffice Building, IndustrialBuilding, and Office andIndustrial Build to Suit of theYear Awards; RankingArizona Magazine architectachievements (#1 ranking),as well as several BusinessJournal Talk of the TownAwards.

3900 Camelback Center – Patrick Hayes Architecture

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base-level certification projects,or 20 best-practice projects thatadhere to the basic goals of sus-tainability, than one platinumproject.

Richard: The AIA that has an in-ternal struggle about the currentstandard of what green build rep-resents, they were wondering ifwe should adopt LEED as theuniversal standard, but it hasn’tpassed yet.Patterson: For our project, wewere fortunate. The owners had avision - it was the right thing todo, and they wanted to do it.

Rosene: Let’s leave LEED andgo to solar, which relies onsolar credits. Many peopleare calling us, wanting to in-clude solar. What are youseeing in the technology?

Butler: Solar is here to stay. Thesun is Arizona's greatest re-source. I definitely think it willcontinue to build momentum.You used to have to hide solarpanels, but now when you see

them incorporated into a build-ing, it’s perceived as a good thing.Design wise, solar has come along way as well. There are nowunique ways to integrate it.

Taylor: I see it moving like afreight train. We are currentlyworking with school districts toput solar panels on all theirroofs. It’s exciting that we aresaving energy in the schools andthat we are setting an examplefor the students who are beingexposed to it.

Tran: The biggest impact of solartechnology for all of us is that itcould be a real industry inArizona. We can be a leader inthe development of this technol-ogy, as it is our most abundantresource. It could be the industrythat drives our state’s economy,as opposed to tourism and theeconomy of growth that has re-cently failed us. Being the‘Silicon Valley’ of solar technol-ogy would lead to more jobs,more people, and more buildingsfor architects to design.

Patterson: I think solar tiesinto our style. This will allowus to define the look andperformance of our building– other parts of the countrycan’t do that. When you de-sign a public space, by itsvery nature it is demonstra-ble: this is how you build in aresponsible way.

Hayes: Having it integratedwithin schools - that willmake it happen with privateindustry.

Richard: So much is predi-cated on the deal; thefinancial aspects and returnon investment.

Chalmers: In terms of cost

versus savings, I recommendsolar thermal over solar photo-voltaics; it is more cost effectiveand an easier jump in point formany.

Rosene: What do you see hap-pening in healthcare in termsof building design?

Patterson: Arizona has beenshort on beds for in-patient carefor a very long time. Hospitalshave gotten better, but many ofthe facilities are still inadequate.We are dominated by not-for-profits, and they don’t have a lotof contributions flowing in, sowhat we are going to see is areinvestment in current facilities.They will bring in new technol-ogy and figure out how to buildon what we have. We are seeinghealth care facilities spendingdollars in more focused ways.

Richard: One thing I have beeninterested in is the developmentof neighborhood emergent carefacilities. When the not-for-prof-its shift, I think it will drive thefor-profit facilities.

Rosene: How do you see theincreased focus on health par-lay into design?

Patterson: As architects, we willsee health technology integratedinto all buildings and interactingwith us – it will become more in-tegrated with our daily healthand wellness programs.

Rosene: I agree. Healthcarebuildings will be more technolog-ically advanced than any otherbuildings. I think they will beeconomized in size, and you willsee healthcare villages.

Tran: I think that the expectationof design will continue to rise inhealthcare facilities. This is con-

Michael R. Davis,AIA, is currently CEO/Directorof Design for DAVIS, but hisarchitecture and planningjourney spans over 30 years.His talent is reflected insome of the Valley’s mostrecognized mixed-use devel-opments and corporatestructures. These projectstotal over 70 million squarefeet and are valued at over$25 billion. Davis’ passionfor synthesizing multiple so-cial, economic and aestheticvariables, as well as makingthe complex simple, has ledto record-setting salesprices, numerous awardsand industry-wide recogni-tion. Among these are anInternational Design andDevelopment award fromICSC, an AIA Award of Merit- Home of the Year - for hisprivate residence, severalGold Nugget Grand andMerit Awards and six NAIOP‘Talk of the Town’ Awards.DAVIS has also been recog-nized as the ArchitecturalFirm of the Year severaltimes by NAIOP and one ofthe Best Places to Work inthe Valley by the PhoenixBusiness Journal.

33

sistent with our culture’s increas-ing awareness of design.Hospitals and other healthcarefacilities are becoming more hos-pitality focused, as a way tocompete and differentiate in acompetitive market.

Butler: In some cases, hospitalsare incorporating design ele-ments that offer ‘resort-style’amenities.

Patterson: Millennial’swill drive design trends inboth retail and in health-care.

Rosene: What are youdoing to survive run-ning an office? Also, doyou see a trend to-wards smaller offices?

Davis: I started buyingproperty along the lightrail in downtown Phoenix.They are small pieces ofproperty and will likely beamong the first areas ofrecovery. It is these types of proj-ects that often begin to create a‘vibe,’ or an area of interest thatis fun and somewhat contagious.They also are generally beneaththe purview of our larger institu-tional developers. Urbanism andinfill has been a personal passionof mine for some time. I like tocontribute to First Fridays and toanything that helps to get thingsgoing in Arizona’s more urbanareas, even if that means self-generated projects. Thechallenge, however, is the zoningordinances and the significantamount of high-rise zoned prop-erty. Unfortunately, a lot of dirt isastronomically priced, preclud-ing the economic viability ofworkforce housing and the typeof 24/7 business that is essentialfor redevelopment. This reces-sion presents an opportunity, of

sorts, to potentially acquire dirtmore favorably.

Rosene: The short answer is heis becoming a developer! [Grouplaughs].

Davis: The bigger the developer,it seems the further away they arefrom starting anything new. It isa minimum of three to five years.

Rosene: The turnaround timeis three to five years away,and when you ask when isit going to get back to nor-mal, it begs the question,what is normal? Normal iskind of scary, but there willbe work.

Butler: We had grown to 48people and I would say goingto 14, we now have ‘right-sized.’ The toughest aspectwas losing very talented peo-ple. The good that came outof it is that my partner and Iare back to being very hands-on. When we are integrallyinvolved, that’s when ourproduct is the best. I am backto designing and touchingprojects and that’s what Ilove. Now, we are finallystarting to hit a point of opti-mism and we’re beginning to

see opportunities again. We aregetting into interiors as well aswell as doing what our clientswant, and we are doing it reallywell; high quality. I will admit, Imiss the energy we had at 48 –the team was great; but we havean exceptional fourteen that stillremain.

Hayes: We have done the same

thing (as Rick). It’s tough tocontinue to contribute to

John Tran, is anAssociate Principal andDesign Director for thePhoenix office of Omniplan.Tran has nearly 20 years ofexperience in the planning,design, and execution ofmajor commercial andhigher education projects.Tran’s focus is on the ad-vancement of Omniplan’sdesign principles, which isdedicated to creating archi-tecture that is genuine toits purpose and place,evocative in its emotionalconnection with the individ-uals and communities itserves, and sustainable inits partnership with the en-vironment. Tran is agraduate of The Universityof Texas at Austin School ofArchitecture, is licensed inthe state of Texas andArizona, a member ofNCARB, and is a LEEDAccredited Professional.Recently, Tran led theOmniplan Design team incompleting Santan Village,Chandler Fashion Center,and the School of RuralPublic Health at Texas A&MUniversity.

Santan Village, Gilbert. John Tran, Omniplan

34

James E. Richard,AIA, has over 23 years ofexperience in planning, de-sign and construction ofcomplex and high-profileprojects, 14 of those yearswith richärd+bauer asPrincipal in Charge andArchitectural Designer. Agraduate of the Universityof Arizona College ofArchitecture and his broad-ranging architecturalexperience, he has special-ized expertise in libraries,higher education, researchlab and classroom build-ings. His design processlends itself to complicated,multi-discipline clients.Richard has the specificability to integrate userneeds and engineering re-quirements into the designof the facility. Richard’s in-tegrated approach tosustainable design has re-sulted in award-winning,environmentally premier ar-chitecture. His professionalaffiliations include:American Institute ofArchitects, U.S. GreenBuilding Council, Americanand Arizona LibraryAssociation, AircraftOwners & PilotsAssociation, and ArizonaPilots Association. Richardwas named an “emergingvoice in architecture” bythe Architecture League ofNew York and received amultitude of regional andinternational designawards and most recentlythe AIA Architect’s Medalin Arizona.

charities and sponsor industryevents like NAIOP when I letpeople go who had worked forme for 13 years. We went from30 to ten people, and at the endof the day, I want to feel like Idid everything to make sure Icould try to keep them. However,what’s coming out of this is anew dawn. I’m charged up - Ihave to think different and reactdifferently. We are seeing anevolution of everyone’s thoughtprocess. We are thinkingdifferently: we try to hit differentmarkets, like alternative energy.It’s scary but it’s exciting.

Taylor: When times were good,perhaps we didn’t appreciatewhat we had. Now we realizethat you should enjoy prosperitywhile you can. Perhaps we didn’tunderstand that, and we tookour clients for granted. Now weare seeing the pendulum swing.Appreciation of our clients is huge.

Richard: For me and mostpeople I talk to, it’s ‘let’s stop andenjoy what we are doing.’

Tran: We are viewing thisdownturn as an opportunity tosharpen our pencils and torefocus. It’s an opportunity forus to refine our processes; tobetter utilize our talent andtechnology. It is an opportunityfor us to think about researchand development, to think abouthow to be better at everythingwe do. We have gotten leaner,but we think better.

Patterson: I believe the deliveryof buildings is about to change –BIM, (building information mod-eling) will give us the opportunityto interact differently with ourclients, consultants, and contrac-tors. Faster and morecollaborative realization of proj-ects will become a focus of ourprofession.

Rosene: Last word: what isthe latest buzzword, andwhat does it mean?

Butler: Opportunity. We fullyintend to ‘survive’ (anotherbuzzword) this mess we’re in.

Those that do survivewill be better andstronger as a result.

Tran: Priority. We areprioritizing what isimportant, refocusingour energy and talentto the things that areimportant to us as acompany.

Taylor: Green. Theword is becomingtrivialized. It startedas a movement, butnow it is just becom-ing a buzzword.

Richard: Focus.Critical thinking -focusing andsimmering things

down. We are getting down tothe essence of what we are tryingto do.

Davis: Okay, this is a little outthere, but bear with me: “Barack-mobile.” It is all about the‘change’ we were promised in the‘08 elections and what kind of‘change’ that is. If it’s a ‘plywoodcar’ that I drive like FredFlintstone - that just isn’t goingto cut it. If it is technologicallyadvanced, I’m all ears. We are ata defining moment, and thereseems to be a war going onagainst entrepreneurship,business and innovation; thoseare not the things that should goaway.

Chalmers: Balance. Betweenhighs and lows, present andfuture and considering tomorrowas well as today.

Patterson: EBD. Evidence-baseddesign – I’m dealing with it inhealthcare and now in otherareas as well. It is based onproof. Our clients are expectingus to prove to them that ourideas are worthy of inclusion indesign solutions because of thebenefit these solutions willgenerate.

Hayes: Clarity. This ‘marketcorrection’ is only meaningful ifwe learn something from it. Ialso like evolve: we now have thechance to evaluate our own valuesystems. I am thinking abouthow to evolve; what the nextsteps are.

Rosene: Sustainability. It’simportant to business, our wayof life, family, and future. It’s aworld correction, not just local. Ihope we all learn from this.�

© Copyright 2010 by MP Magazines LLC

4:12:21 PM

Presented by

36

MakingHeadlines

GRUBB & ELLIS|BRE COMMERCIAL, LLCANNOUNCES SALE OF FOUR RETAILCENTERS IN ARIZONAGrubb & Ellis|BRE Commercial, LLC, announced the

sale of four retail centers, three in Phoenix and one inGilbert, Ariz. Financial Trading and Transacting Corp.,N.V., a Netherlands Antilles Co. purchased three retailcenters totaling 362,965 square feet. The company pur-chased the three centers for $38.175 million. In aseparate deal, KA Phoenix, LLC pur-chased Gilbert Fiesta for $10.5million. Financial Trading purchased the

three centers, surrounding ParadiseValley Mall, from companies formedby The Macerich Co. (Santa Monica.)They purchased Village Fair North, a201,800-square-foot center locatedon the northeast corner of TatumBoulevard and Cactus Road, for$20.6 million. The center is an-chored by Sports Authority, Toys RUs, OfficeMax and 99 Cents Only.Village Square II, located on thesouthwest corner of Tatum andCactus, was purchased for $14.5 mil-lion. The 138,788-square-foot centerin anchored by Hobby Lobby, Big 5Sports and Men’s Warehouse. Thethird center Village Square I is lo-cated just west of the southwestcorner and is home to Party City andTJ Maxx. Financial Trading pur-chased the 22,377-square-foot center for $3.075 million.The three centers were a combined 95 percent leased atthe time of sale.KA Phoenix, LLC purchased the Gilbert property from

Gilbert Associates, LLC. The 44,261-square-foot retailcenter, located at the southeast corner of Gilbert andWilliams Field Road, is anchored by Fry’s.Ryan Schubert and Michael Hackett of Grubb &

Ellis|BRE Commercial represented the buyer, Financial

Trading and Transacting Corp., N.V., in the Phoenix trans-actions and the seller, Gilbert Associates, LLC. in theGilbert transaction. The seller, Macerich Co., was repre-sented by a Los Angeles firm and the buyer, KA Phoenix,LLC was represented by a San Diego firm.

GPE COMMERCIAL ADVISORS SEALS $2.2 MILLION LEASE DEAL AT METROMEDICAL PLAZAGPE Commercial Advisors, announced that Simon-

Med Imaging, Inc. signed a $2.2 million, ten-year leaseagreement on 9,841 SQ FT of medical office space ownedby 712 San Pedro LLC. The medical imaging company’snew office is located in the Metro Medical Plaza near

Metrocenter in-door shoppingmall in Phoenix.The plaza’sother tenantsinclude a broadspectrum of es-tablished physi-cian practices,medical labs, aswell as an on-site pharmacy.

Brokers Bret Isbell and Julie Johnson, CCIM, of GPECommercial Brokers represented the landlord in thetransaction. Benchmark Commercial was the agent ofrecord for the tenant.

GPE COMMERCIAL ADVISORS SECURES $5 MILLION LEASE RENEWAL FOR EASTVALLEY MEDICAL OFFICE BUILDINGBrokers for GPE Commercial Advisors, announced a

$5 million, ten-year lease renewal between East Valleyhealthcare provider, Country Club Medical Group andproperty owner, Western America Commercial LLC. Thetenant’s multi-physician family practice, Southeast ValleyMedical Group, occupies 18,367 sq. ft. of medical spaceat Country Club Medical building located in Mesa. Brokers Trisha A. Talbot, CCIM, and Kathleen Morgan,

The Big Deals and the Brokers Who Made Them Happen

Ryan Schubert

Michael Hackett

Bret Isbell Julie Johnson

Making Headlines

37

CCIM, acted on behalf of the landlord, Western AmericaC omme r c i a lLLC in the leaserenewal. Talbotand Morganalong with JulieJohnson, CCIMare foundingmembers ofGPE HealthcareI n v e s t m e n tGroup withinthe brokerage

company, tailored to meet the needs of lenders, privateinvestors, developers and healthcare REITs.

CB RICHARD ELLIS NEGOTIATES 32,805-SQUARE-FOOT LEASE FOR STRUCTURALGLAZING SYSTEMS INC. AT WESTSIDEBUSINESS PARK IN TOLLESON, ARIZ.CB Richard Ellis (CBRE) has negotiated a 32,805-

square-foot lease for Structural Glazing Systems Inc. inBuilding One at Westside Business Park, a four-building,1.1 million-square-foot industrial park located in Tolle-son, Ariz. Structural Glazing Systems will relocate to the space

this month, when it expands from its present 15,000-square-foot West Phoenix location.Bill Bayless and Andrew Brigham

of CBRE’s Phoenix office repre-sented the tenant, StructuralGlazing Systems Inc., in negotiatingthe five-year lease agreement. Thelandlord, LBA Realty, headquarteredin Irvine, Calif., was represented byAllen Lowe and Matt Hobaica of Lee& Associates Commercial RealEstate Services in Phoenix. Theexact financial terms of the transac-tion were not disclosed.Located at 8590 W. Buckeye Road,

the building offers tenants modernand efficient industrial space, as wellas dock-high and grade-level load-ing. Its proximity to Interstate 10and the Loop 101freeway providesmanufacturing and distributioncompanies looking to transport theirproducts with easy access to manyparts of metropolitan Phoenix. Structural Glazing Systems Inc.

(www.sg-si.com) is currently the only Arizona-based alu-minum manufacturer for storefront doors, storefront

framing, aluminum curtain wall and window wall sys-tems. Its new Tolleson facility will provide for additionalmanufacturing capability, as well as new showroom space.

GRUBB & ELLIS|BRE COMMERCIAL, LLCANNOUNCES SALE OF 346 RESIDENTIALLOTS IN BUCKEYE, MARICOPA AND CASAGRANDEGrubb & Ellis|BRE Commercial, LLC, a leading local

real estate services firm, announced they have completedsales transactions for two buyers involving 346 finishedand partially finished lots in three Arizona cities.Meritage Homes of Arizona purchased 63 finished lots

(average size 70’x130’) in the master planned communityof Verrado (Buckeye, AZ.) The sale included 18 lots lo-cated on southeast corner of Verrado Way and WesternDrive and 45 lots located on the southeast corner ofAcacia Way and Ridge Road. They purchased the lots for$2.20 million from an undisclosed financial institution.Quantum Holdings LLC purchased 283 lots in Pinal

County (86 inMaricopa and197 in CasaGrande.) Thelots in Maricopawere part ofMaricopa Mead-ows, located atthe northwestand southwestcorners of Al-terra Parkway

and Bowlin Road. This sale included 54 finished lots (av-erage size 65’ x 120’) and 32 finished lots (average size45’x115’.) The lots in Casa Grande were located in Mc-Cartney Center, located west of the northwest corner ofI-10 and McCartney Road. The sale included 115 finishedlots (average size 50’x110’ and 70’x115’) and 82 partiallyfinished lots (average size 70’x115’.) They purchased thelots for $2.32 million from an undisclosed financial insti-tution.Brian Rosella and Will French of Grubb & Ellis|BRE

Commercial represented Quantum Holdings LLC andboth sellers during the transactions.

CB RICHARD ELLIS NEGOTIATES $13.2MILLION SALE OF VAL VISTA TOWNECENTER IN GILBERT, ARIZ.CB Richard Ellis (CBRE) has negotiated the sale of Val

Vista Towne Center, a 93,372-square-foot communityshopping center located at the southwest corner of ValVista Drive and Warner Road in Gilbert, Ariz.Bob Young, Steve Brabant, Glenn Smigiel and Rick

Kathleen Morgan Trisha Talbot

Andrew Brigham

Bill Bayless

Will FrenchBrian Rosella

continued on page 38

Abraham of CBRE’s Phoenix office represented the seller,Weingarten Realty Investors of Houston, Texas, in struc-turing the $13.2 million transaction. The buyer wasNorth American Development Group of Markham,

Ontario, Canada, which has a divi-sional office in Scottsdale, Ariz.,managed by Henry Bereznicki, RussWatson and Chris Chamberlain.“Val Vista Towne Center has

bucked the current trend and manyof its retailers are performing welldespite the recession,” said Young,citing interviews with major tenantswho reported 2008’s sales figureswere equal to, or better than, thosein 2007.

Val Vista Towne Center was built in 2000 and was 96percent leased at the time of sale. It has a strong tenantmix with excellent consumer drawing power from well-known tenants such as Target, Ross Dress for Less,Staples and Petco.

CB RICHARD ELLIS NEGOTIATES $5.1MILLION SALE OF TWO BUILDINGS ATGLENDALE CORPORATE CENTER INGLENDALE, ARIZ.

CB Richard Ellis (CBRE) has negotiated the sale oftwo buildings totaling 42,500 square feet at GlendaleCorporate Center, a 293,000-square-foot office park lo-cated north of the northeast corner of 99th Avenue andCamelback Road in Glendale, Ariz.Ashley Brooks, Jim Bayless and Kelley Morrison of

CBRE’s Phoenix office represented the seller, Glendale

Corporate Center Acquisition LLC of Newport Beach,Calif., in negotiating the $5.1 million sale agreement.Phoenix-based Western Maricopa Education Center (dbaWest-MEC) was represented by Justin Miller of Grubb &Ellis|BRE Commercial in Phoenix. West-MEC, which provides career and technical edu-

cation courses for students and instructors at 12 schooldistricts in Maricopa County, will fully occupy the build-ings when it expands its local operation and relocates toGlendale Corporate Center in mid-2010. West-MEC iscurrently located at 49th Avenue and Indian School Road.Glendale Corporate Center sits in an amenity-rich area,

minutes from Jobing.com Arena and the University ofPhoenix Stadium, which are surrounded by shops,restaurants and hotels. Its close proximity to the Loop101 freeway offers easy access to many parts of the Valleyvia its connected highway system.

CB RICHARD ELLIS NEGOTIATES SALE OF77,778-SQUARE-FOOT SINGLE-TENANTINDUSTRIAL BUILDING IN PHOENIX, ARIZ.

CB Richard Ellis (CBRE) has negotiated the sale of a77,778-square-foot single-tenant warehouse building lo-cated at 824 E. University Drive in Phoenix, Ariz.

Joe Porter, Pat Feeney, DanCalihan and Rusty Kennedy ofCBRE’s Phoenix office representedthe seller, RGR Development Corp.of Scottsdale, Ariz., in negotiatingthe $3.88 million transaction. Thebuyer, Majik Ventures LLC of Tempe,was represented by Bill Hudson ofRoss Property Advisers in Scottsdale,Ariz., along with Adam Lopez ofSperry Van Ness in Phoenix.Majik Ventures, which operates

Alumizona, Inc., a full-service aluminum extrusion ware-house, plans to relocate its business from Tempe to thenew building in August 2010.

38

Making Headlines

Rick Abraham Glenn SmigielSteve Brabant

Bob Young

Rusty Kennedy

Dan CalihanPat FeeneyJoe Porter

To have an item of interest included in anupcoming edition of Making Headlines, emailall submissions to mandy@mpmagazines.com

Glendale Corporate Center

OFFERINGSUMMARY

Price: None EstablishedPor tfolio Occupancy: 78.4%Assumable Financing with Multiple Lenders

SCOTTSDALE

FOUNTAINHILLS

PARADISE VALLEY

PHOENIXGLENDALE

SUNCITY

MESA

GILBERT

QUEENCREEK

CHANDLER

TEM

LEEERL R

KCOTNILCcMRETNEC

EESSES

F IESTA RANCHBUSINES S CENTER

I & II

RT

VALLEYCOMMERCE

CENTER

Carleton Square

Fiesta RanchBusiness

Center I & II

1711-1741 West Rose Garden Lane, Phoenix

Four buildings: ±86,502 SF 14’ clear height, grade level loading Immediate access to Loop 101 and

Interstate 17

ValleyCommerce

Center

4810 - 4828 South 40th Street, Phoenix Five buildings: ±62,725 SF 14’-20’ clear height, grade level

loading Minutes from Sky Harbor Airport

1015, 1025, 1035 & 1135North McQueen Road, Gilbert

Four buildings: ±125,002 SF 14’-18’ clear height, grade level loading,

two truckwells Surrounded by high-quality retail amenities

McClintockCenter

617,625 & 637 South McClintock DriveTempeThree buildings: ±32,904 SF

14’ clear height, grade level loading Direct access to Loop 202 Santan Freeway

Independently Owned and Operated

Bob BuckleySenior Vice President602.682.8240bbuckley@brephoenix.com

Tracy CartledgeSenior Vice President602.682.8242tcartledge@brephoenix.com

Steven LindleySenior Vice President602.682.8241slindley@brephoenix.com

2375 East Camelback R w.brephoenix.com

CARLETONSQUARE

PHOENIXSKY HARBOR

AIRPORT

Independently Owned and Operated

I N D U S T R I A LP O R T F O L I O

TOP 10

TOP 10 I N D U S T R I A LP O R T F O L I O

INVESTMENT HIGHLIGHTSThe Top 10 Industrial portfolio is a rare opportunityto acquire four quality multi-tenant office/ware-house projects totaling 306,704 square feet locatedin quality, established locations throughout thePhoenix Metropolitan area.

• Attractive assumable debt extending out to year 2017

• Opportunity to acquire quality properties at anexcellent value

• High quality locations near major freewayinterchanges

LOCATION HIGHLIGHTS• The Portfolio is located in dynamic markets

including Deer Valley, Sky Harbor Airport, Tempeand the Southeast Valley

• Fiesta Ranch Business Center I & II is located inthe city of Gilbert, just minutes south of the US60 freeway corridor

• Carleton Square is located in Deer Valley, at thedynamic Loop 101/Interstate 17 freeway corridor

• Valley Commerce Center is located in the heart ofthe Phoenix Metropolitan area, with immediateaccess to Interstate 10 and Sky Harbor Airport

• McClintock Center is located in the heart ofTempe, near high-quality development includingArizona State University, Tempe Market Place andthe Mill Avenue District