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| Waypoint Four office development, Mesa, AZ |
TEMPE, AZ – A string of major
leases by national credit tenants has pushed the Harvard
Investments / Lincoln Property Company (LPC) Waypoint
office development to 98 percent leased.
The new commitments
leave just under 11,000 square feet of space remaining at Waypoint, a four
building, almost one-half-million-square-foot Class A campus situated in the
heart of the rapidly developing mixed-use Riverview District in Mesa, Arizona.
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| Waypoint interior |
The project’s newest lease comes
via a 15,000-square-foot commitment by national homebuilder Beazer Homes for
Waypoint Four. Beazer will use the new space for a division headquarters and
design center. They are scheduled to begin occupancy at Waypoint in the fall of
2019.
Fortune 500 digital technology
company Cognizant, who moved into 50,693 square feet at Waypoint Four in
mid-2018, has also doubled its presence at the building, expanding to take the
entire second and third floors with a total 101,072 total-square-foot lease.
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| John Orsak |
“We’re excited that Beazer Homes
and Cognizant have identified Waypoint as the right location for their growing
organizations,” said Lincoln Property Company Vice President of Real Estate Development
John Orsak.
“Both companies
compliment the project’s already strong credit tenant roster, and both will be
able to fully capitalize on not only the corporate environment at Waypoint but
also the impressive – and expanding – assemblage of retail, dining, hospitality
and recreational amenities within the Riverview District,”
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| Craig Krumwiede |
Fronting the Loop 202 freeway at
the borders of Mesa, Tempe and Scottsdale, Waypoint totals 425,861 square feet
in four buildings featuring a high-tech modern aesthetic, multi-story
lobbies and creative workspaces.
Buildings Three and Four, in particular, offer
14-foot open ceilings and glass windows that begin at floor level and extend 10
feet high. Other features include shared amenity areas and outdoor
collaborative spaces.
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| Dave Carder |
“That has helped us to attract a dynamic mix of corporate and technology-driven companies, creating a very stable tenancy and a true legacy project.”
Waypoint One is already fully
leased to tenants including Ashton Woods, Udall Shumway PLC and the corporate
headquarters for Nextcare.
Waypoint Buildings Two and Three are fully leased to
Mitel and Verra Mobility (formerly American Traffic Solutions), respectively,
through single-tenant, long-term leases.
The first floor at Waypoint Four
is occupied by engineering consulting firm EPS Group, who relocated and
expanded into 27,283 square feet at the project in late 2018.
Building Four has
a remaining 10,800 square feet on the first floor available for lease, offering
an efficient layout with lobby presence and a generous glass line that
maximizes natural light for interior work spaces.
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| Scott Boardman |
The 35-acre Waypoint project sits
adjacent to Riverview, which offers 1.3 million square feet of retail,
restaurants, entertainment and the upscale Sheraton and Hyatt Place hotels.
For more on Waypoint, visit the
property website at www.waypointarizona.com.
To discuss leasing,
investment or property management opportunities with Lincoln Property Company
in the Desert West region, please call David Krumwiede or John Orsak at
(602) 912-8888.
CONTACT:
Stacey Hershauer
480.600.0195
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