A prominent north Scottsdale retail center has new ownership as a result of a $16 million sale that closed last week. Scottsdale North Marketplace, a 68,522-square-foot retail center located at Scottsdale Road and Lone Mountain Road, was purchased by a joint venture between Holualoa Companies and Epic Real Estate Partners in a $16 million transaction.
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.
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
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:
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:
Read the entire press release at this link.
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
We are pleased to announce that Holualoa Companies Vice President-Finance, Lani Baker, is an honoree for Tu Nidito Remarkable Moms. Each year, Tu Nidito recognizes local woman who serve as outstanding role models in the community. Aside from being a devoted wife, mother and step-mother, Lani volunteers her time to multiple organizations. Congratulations to Lani on this well-deserved honor!
Click https://www.tunidito.org/ to learn more about Tu Nidito or to purchase tickets, sponsorship opportunities and tribute ads to this year’s Remarkable Celebration.
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.
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.