Category: News articles

Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II

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Ownership Group Completes Purchase of Additional 21 Acres, 193,000 SF at Park Central to Consolidate Property; Announces Ambitious Phase II

October 10, 2018 (posted date)

Tags: Park Central Mall, Holualoa Companies

 

$28 Million Transaction Closes Wednesday; Plans Underway for Major New Residential Project Along With Creighton Health Campus, Expanded Office/Retail Redevelopment

The ownership group that is redeveloping the Park Central Mall property has purchased an additional 21 acres of property and an additional 193,000-square-foot building, consolidating ownership of Park Central for the first time in decades.

And, as part of the purchase, Tucson’s Holualoa Companies and Peoria-based Plaza Companies announced plans for an ambitious Phase II for the redevelopment, which will include a new nine-story residential complex to go along with a new Creighton University health sciences building.

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Mixed-use hotel, office development on Camelback nears completion

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Mixed-use hotel, office development on Camelback nears completion

Project features 100,000 square feet of corporate space

The first new-build office space in the Camelback corridor in 10 years is nearing completion, as finishing touches are being added to the Camelback Collective mixed-use project, which will bring 115,00 square feet of office space and 160 hotel rooms to the area.

The project, at Camelback Road and 28th Street, has been under construction since February 2017 and cost more than $80 million to develop, said project leaders from Tucson-based Holualoa Cos. and Las Vegas-based LaPour Partners.

The project’s office portion is scheduled for completion by Aug. 24. The hotel, an AC Hotel by Marriott, is scheduled to open in October, said Stanton Shafer, principal and COO of Holualoa.

The project was designed with cross-utilization in mind, with conference rooms in the hotel for use by office tenants as well as others. The hotel will have a full-service bar, and breakfast and small tapas service.

“The Camelback corridor has a tremendous amount of Class A office space, but it doesn’t have a hotel that caters to business travelers,” Shafer said. “This is the perfect type of property for this location.”

Both the office building and hotel boast views of Camelback Mountain, Piestewa Peak and downtown Phoenix. Both buildings have a strong emphasis on natural light, including floor-to-ceiling windows on some sides of the buildings. The office building offers underground parking for tenants as well as a surface parking lot.

Jeff LaPour, president and CEO of LaPour Partners, said it has been about 30 years since a new hotel was built in the area, because it is “impossible to find land.” The location for the Camelback Collective was previously home to four office buildings originally built in 1978, he said.

“I first came to Phoenix in 1997, and shortly after that began looking for a hotel site on Camelback,” LaPour said.  

Leases are out for signature for approximately half the office space in the new building, but floor plans up to 30,000 square feet are still available. Leasing is being handled by Jerry Roberts and Pat Boyle of CBRE.

https://www.bizjournals.com/phoenix/news/2018/08/06/mixed-use-hotel-office-development-on-camelback.html

Construction to Begin On Fifth SkySong Office Building

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The fifth Class A office building will rise at SkySong, The ASU Scottsdale Innovation Center in the coming months.

With the other four SkySong office buildings at high occupancy, the SkySong development team will begin work on SkySong 5, with a groundbreaking ceremony to take place on July 9. The building will be six stories — the tallest on property yet — and will include a number of features that are new to the project.

With the newest building, the total SkySong project will reach about 868,457 square feet of commercial building.

The design of SkySong 5 includes extensive outdoor work and meeting spaces as well as public art features, and continues the trend at the property of each new building having unique and distinctive features, including a large second-story outdoor patio and event space. The cost of the building and the accompanying parking structure that will be built will exceed $43 million

Read the entire article at this link

 

SkySong Inks Leases Totaling More Than 37,000 Square Feet

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Three new leases and two renewed leases totaling more than 37,000 square feet have SkySong, The ASU Scottsdale Innovation Center nearing full occupancy in its four commercial office buildings.

The new leases include:

  • Leading national IT solutions company vCore Techology Partners
  • IntelliTRACS, a real-time identification, assessment, and financial exceptions control provider
  • Medical device company Neolight

vCore Technology Partners is moving its national corporate headquarters and approximately 50 employees to a 9,300 square-foot space in SkySong 4. vCore provides customized IT solutions such as infrastructure, cloud storage and data protection to more than 100 companies across the United States and Canada. It currently has seven locations.

“SkySong has the high tech feel, vibrant public spaces, modern architecture, and nearby amenities that will enable us to continue to attract and inspire the brightest minds to keep us at the forefront of the Information technology industry,” said vCore founder and CEO Steve Leavitt.

intelliTRACS is movings its headquarters and twelve employees to an approximately 4,000 square-foot space in SkySong 4. It provides identification, assessment, and control of financial exceptions caused by payment failures, trade breaks, and service inquiries. It is part of SunGard’s IntelliSUITE of solutions.

Neolight, which was founded within SkySong, is moving its 10 employees into a 2,300 square foot space in SkySong 2. The company, which designs and manufactures technology to treat infants with life-threatening medical conditions, will house their headquarters and research facility at SkySong, providing a great example of a startup company growing and expanding inside the project.

In addition to the new leases, two SkySong tenants have also renewed leases, including:

  • Century Link has renewed its 12,564 square-foot space with a long-term lease.
  • Canon has renewed its 9,081 square-foot space with a long-term lease.

Read the entire press release at this link.

Tech Giant Oracle Moves Into Large Presence at SkySong

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One of the giants of technology companies is relocating its presence in Arizona by leasing a significant space at SkySong, The ASU Scottsdale Innovation Center.

Oracle, headquartered in Redwood City, California and a company known as one of the largest and most innovative in the tech sector, is opening a +/-15,000-square-foot office in SkySong 3. The space will house more than 75 employees in critical areas such as software development, human resources and sales.

Oracle is a global provider of enterprise cloud computing, providing leading-edge capabilities in software as a service, platform as a service, infrastructure as a service, and data as a service. Today, 430,000 customers in 175 countries use Oracle technologies to seize business opportunities and solve real, tangible challenges.

Read the entire article at this link: SkySong Oracle Release

New Element Hotel to Break Ground at SkySong Thursday, March 15

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Construction is slated to begin this month on a 157- room hotel that will provide critical support for the more than 50 businesses that now call Scottsdale’s SkySong home as well as the surrounding Scottsdale community.

An Element hotel, a high-end, boutique addition to the Marriott family of hotels, will soon occupy the southwestern corner of SkySong, the ASU Scottsdale Innovation Center complex near Scottsdale Road and Enterprise Drive.

Developed by Jackson-Shaw, one of the nation’s most notable names in hospitality development, Element covers an expansive, 99,345 square feet of space and provides a highly sustainable, health-focused environment for guests. Boasting 2,170 square feet of communal and meeting space and a 7,572 square-foot open-air courtyard, Element offers a wide variety of amenities for guests, ranging from a natural saline swimming pool to an oversize gym and bike rental opportunities.

“Element hotels rely on green building, sustainable designs and eco-friendly practices, and we’re honored to play a role in bringing a smarter, more environmentally conscious and wellness- focused place to stay in the Scottsdale area,” said Michele Wheeler, President and Chief Operating Officer for Jackson-Shaw. “It offers the elegant, luxurious nature many leisure travelers associate with Scottsdale, but it also serves as a tremendous asset for business and group travelers that will help SkySong and the city draw even more businesses and job opportunities to the area.”

Read the entire article at this link.

Holualoa Companies CFO, Richard Kauffman, is an honoree for Father of the Year.

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We are proud to announce that Holualoa Companies CFO, Richard Kauffman, is an honoree for Father of the Year. Each year, the  Father’s Day Council of Tucson recognizes local men who serve as outstanding role models in the community. Outside of his work, Rick is a devoted husband, and father of two. Congratulations to Rick on this well-deserved honor!  Click HERE to learn more about the Father’s Day Council or to buy tickets to this year’s Father’s Day Gala.

 

SkySong Embraces “A Culture of Health and Innovation”

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The southwest’s most innovative commercial development project is innovating once again — this time making the workplace into something far more healthy.

SkySong, The ASU Scottsdale Innovation Center is implementing a broad spectrum of new health and wellness features as part of the creation of a “Culture of Health and Innovation” throughout the project.

The goal is to create a working environment that’s not only good for business, but good for the body and mind as well — and to set SkySong apart from other commercial developments by creating an environment that is truly inspiring for tenants and employees.

The project team — including master developer Plaza Companies, ASU University Realty, an affiliate of the ASU Foundation, the City of Scottsdale and Holualoa Companies — is installing or has already installed features throughout the property designed to create an improved environment for employees, including public art, walkability, outdoor meeting areas and other features.

Read the entire release at this link. Download a site plan of health features here.

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