Tag: Plaza Companies

Park Central Mall Purchase Closes, Renovation Plans Unveiled

Tags: , , , ,

Park Central Mall Purchase Closes, Renovation Plans Unveiled

Plaza Companies, Holualoa Companies Complete Purchase of 337,000 Square Feet;

Purchase and Improvements Valued at $57 Million

PHOENIX, Arizona (date, 2017) — Plaza Companies and Holualoa Companies have completed the purchase of a significant portion of the iconic Park Central Mall in Phoenix, and have unveiled plans for renovation of the property.

The overall price of the purchase and expected renovations is approximately $57 million, and construction work will begin on the transformation effort in the coming weeks. The new ownership group is working with architect richärd+bauer and DPR Construction to reinvent Park Central by converting it into a modern, mixed-use, competitive economic engine for the Valley of the Sun.

Already, the team has developed a new brand identity for Park Central that will be implemented throughout the site as part of the redevelopment — the new look, along with extensive renderings and the new project site plan, can be viewed on the project’s new web site, www.parkcentralphoenix.com.

Click Here for Press Release

Holualoa Companies, Plaza Companies team up on purchase of Arrowhead Executive Center in Glendale

Tags: , ,

$11.7 million transaction for 99,062-square-foot office complex

GLENDALE, Arizona (April 4, 2016) Holualoa Companies has purchased Arrowhead Executive Center, located at 17235 N. 75th Avenue near Arrowhead Mall in Glendale, Arizona, in an $11.7 million transaction.

Plaza Companies is partnering with Holualoa Companies in the transaction and will be offering leasing, property management and construction services for the project.

Renovations and improvements are already underway at the 99,062-square-foot project, which consists of eight one-story office buildings. Bill Cook of Plaza Companies brokered the purchase for Holualoa, and Brett Agner of Everyday Investments represented the seller, NP5 Note, LLC.

Holualoa and Plaza have teamed up on a number of other properties in the Valley, most notably SkySong, The ASU Scottsdale Innovation Center.

Stan Shafer, Chief Operating Officer of Holualoa Companies, said that Arrowhead Executive Center was an inviting property because of its prime location and existing mix of quality tenants.

“We are excited to be able to invest in this exceptional property and help it realize its potential as a hub for business activity in Glendale,” Shafer said. “Arrowhead Executive Center has a high profile in an area full of walkable amenities. We look forward to seeing how this property improves over the course of time.”

Arrowhead Executive Center has available spaces ranging from 1,263 to 13,750 rentable square feet. Perry Gabuzzi and Bill Cook of Plaza Companies will provide leasing services. Plaza Companies is coordinating the improvements to the property that are already underway.

“This is a great property with a strong amount of potential from a leasing standpoint to become even better, and we are very pleased to be a part of it,” said Sharon Harper, President & CEO of Plaza Companies. “The location next to Arrowhead Mall and the close proximity to so many amenities makes this property very inviting for potential tenants, and this area of town continues to emerge as a hub for business.”

With offices in Peoria, Scottsdale and Tucson, Plaza Companies is a full-service real estate firm specializing in the management, leasing and development of medical office and commercial office properties, technology and bioscience facilities, mixed-use properties and senior housing communities. Since 1982, Plaza Companies has established a proud track record as a competitive, connected and conscientious real estate firm with partnerships throughout the industries it serves. For more information, visit www.theplazaco.com.

Holualoa Companies is a real estate investment firm focused on the successful acquisition, repositioning, redevelopment and disposition of real estate assets. Headquartered in Tucson, Arizona, with offices in Phoenix, Santa Monica, Hawaii and Paris, its investments span the United States and Europe and include office, retail, industrial, multi-family, hotel and mixed-use investment properties. Holualoa is an experienced investor for its own account and on behalf of a select group of private investors.

Tucson • Los Angeles • Kailua-Kona • Phoenix • Paris