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| David Krumwiede |
MESA, AZ – Before it is set to
break ground, the first building at Lincoln
Property Company’s Union Class A office project has signed its first
tenant.
WageWorks Inc.
(NYSE: WAGE) has committed to a 150,000-square-foot lease that will bring as
many as 1,000 jobs to the development, located at the confluence of Mesa, Tempe
and Scottsdale, in the heart of the mixed-use Riverview District.
LPC and project
partner Harvard
Investments anticipate breaking ground on Phase One at Union this summer.
“Union continues to
build out the mixed-use vision that the City of Mesa established years ago, when
it created this master plan and earmarked this land for premier, Class A office
space,” said Lincoln Property Company Executive Vice President David Krumwiede.
“We are thrilled to add Union to LPC’s innovative
East Valley development portfolio and are honored that WageWorks has chosen to
commit here as Union’s first tenant. We wish them all the best in their new
space.”
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| Mesa, AZ Mayor John Giles |
“Congratulations to
Lincoln Property Company on landing their first tenant at Union before ground
has even been broken on this exciting new development at Riverview,” said City
of Mesa Mayor John Giles.
“This area is booming, and we are proud that
WageWorks has selected Mesa for their primary operating site, bringing 1,000
jobs to the epicenter of District 1.”
A leader in
administrating Health Savings Accounts (HSAs) and other Consumer-Directed
Benefits (CDBs), San Mateo, California-based WageWorks will use its new space
as a primary U.S. operating site, housing approximately 500 current employees
and generating approximately 500 new jobs for the Valley.
“I am thrilled to
welcome WageWorks to District 1 and the City of Mesa,” said City of Mesa Vice
Mayor and District 1 Councilmember Mark Freeman. “Union is in a premier
location and I know this is the first of many great businesses that will be
calling this property home.”
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| City of Mesa Vice Mayor and District 1 Councilmember Mark Freeman. |
Union’s first Class
A office building will total 232,000 square feet with an adjacent 1,120-space,
four-level parking garage.
It sits at the northeast corner of the property,
fronting the Loop 202.
Phase One is part of four buildings, each with attached
garages, planned for Union.
At build out, Union will total up to 1.35 million
square feet of Class A office space on 28.2 acres of city-owned land.
Buildings at Union
will range from four to eight stories and from 232,000 to 450,000 square feet.
Each will feature modern glass exteriors, active first floors and large office floorplates
with high ceilings and 10-foot vision glass providing sweeping views of the
Superstition Mountains and to Riverview Lake, which is located directly to the
south of the property.
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| Bill Jabjiniak |
Designed to attract
and retain market-leading companies and their employees, Union will provide a
master planned campus that creates a strong sense of place. Indoor-outdoor design
features will include a lush main pedestrian plaza, shaded gathering areas and
outdoor rooms connected together – and to the area’s nearby buildings and uses –
by the Rio Salado Pathway.
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| Ryan Orton |
The project sits
within the heart of Mesa’s Riverview mixed-use district, surrounded by 1.2
million square feet of retail, restaurants and the Sheraton Mesa and Hyatt
Place hotels.
It is also within walking distance to Sloan
Park, home of the Chicago Cubs spring training, the highest attended spring training
team in the Valley.
Employees and
visitors will benefit from an onsite parking garage with a 5/1,000 parking
ratio, and freeway interchanges at both the Loop 202 at Dobson Road, and the
Loop 101 at Rio Salado Parkway. The location is just two miles from Arizona
State University’s main Tempe campus and 10 minutes from Sky Harbor
International Airport.
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| Scott Maxwell |
To discuss build-to-suit,
investment, leasing 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
