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| Elizabeth Collins |
PHOENIX, AZ, June 7, 2016
– A 25,000-square-foot lease completed by the Phoenix office of JLL welcomes
VenSure Employer Services to Building One at Chandler Freeway Crossing, a multi-building office campus developed
by Mark IV Capital in Chandler, Arizona.
The lease brings Building One – and
all three buildings at Chandler Freeway Crossing – to 100 percent occupied.
It also kicks off the
development of a new three-story, 150,000-square-foot Class A office building
at the project.
JLL Managing Directors Dave Seeger, Karsten Peterson and Mark
Gustin, along with Associate Elizabeth
Collins, are the exclusive leasing brokers for Chandler Freeway Crossing
and represented Mark IV Capital in the lease transaction. Hani Aldulaimi of KW Commercial represented VenSure.
Located at the
intersection of the Loop 101 and Loop 202 freeways, Chandler Freeway Crossing
is a 40-acre business park encompassing three existing Class A office buildings
ranging from 45,000 to 170,000 square feet.
Together, the buildings
total 275,000 square feet and are fully leased to tenants including GM, ASML,
SanDisk and VenSure – a Professional Employer Organization (PEO) providing
payroll, human resources, employee benefits, workers compensation, workplace
safety and loss control services to businesses across the U.S.
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| VenSure Building, Chandler, AZ |
VenSure will relocate from
Mesa to Chandler Freeway Crossing in September.
“VenSure was looking for a
high-quality corporate campus with a flexible building – something that it
could develop into a creative and collaborative environment for its employees,”
said Seeger.
“Chandler Freeway Crossing provided this, with an empty shell and
25-foot open ceiling grid that allows VenSure to implement dynamic open office
features, as well as a mezzanine overlooking the open cube environment.”
“Our projects focus on
delivering best in class working environments for businesses. Chandler Freeway
Crossings is a great example of our firm’s focus on creating environments that
cater to a tenant’s specific needs.
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| Dave Seeger |
“VenSure is a welcome
addition to the project. We collaborated with them to create a space that would
be inclusive of the specific elements that they sought out during their search
for a new location,” said Kelly
Kharbanda, Regional Vice President at Mark IV Capital.
“With their lease, all three
of our buildings at Chandler Freeway Crossing are now fully occupied – a good
place to be as we break ground on our next Class A building at this site and a
testament to the area’s strong demand.
The new building at
Chandler Freeway Crossing (referenced as Building Six) totals 150,000 square
feet in three stories. It is located at 2625 W. Geronimo Place, at the
southwest corner of Geronimo Place and Ellis Street. Amenities include a
rooftop deck, 6.5/1,000 parking ratio and freeway visibility that includes
building signage opportunities and a 60-foot tall, freeway-facing monument
sign.
An additional building
(referenced as Building Five) is part of the Chandler Freeway Crossing master
plan. Building Five will total 125,000 square feet and will be developed upon
the successful lease-up of Building Six.
Chandler Freeway Crossing
offers direct access to the Loop 101 and Loop 202 freeways, and is minutes from
Chandler Fashion Center, with more than 240 restaurant and retail amenities.
This is part of more than 5 million square feet of retail and restaurant space
located within a five-mile radius of the project.
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| Karsten Peterson |
There are also four hotels
(Hilton, Marriott, Hampton and Homewood Suites) within one mile of the project.
Nearby corporate neighbors include Intel, Wells Fargo, Orbital Sciences, Amkor
Technologies, Infusionsoft and eBay.
Mark IV is currently
focused on buying income producing and value-added properties in the western
United States. They are looking to
acquire centers priced from $5 million to $40 million. For additional
information, please visit or contact Kharbanda at (949) 509.1444 or kkharbanda@markiv.com
For a complete copy of the company’s news release,
please contact:
Stacey Hershauer
Phone: +1 480.600.0195
