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| Curt Kremer |
PHOENIX,
AZ – While a COVID-stricken economy has halted many large metro Phoenix leases,
mid-size deals continue to make a significant impact at experiential projects
like CASA, George Oliver's Class A
creative office redevelopment in Phoenix’s popular Uptown neighborhood.
In the span of a
few months, the 181,000-square-foot development has signed more than 20,000
square feet in new office leases and is in the process of delivering its next
phase of move-in-ready speculative office suites, with two of those suites
pre-leased prior to completion.
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| Ryan Timpani |
Together the activity brings CASA, which
delivered in December, to 75 percent leased.
Companies moving
to CASA come from a wide range of submarkets, indicating that the building’s
new tenants are breaking down local barriers and looking outside of traditional
or preferred geographical locations to find this unique type of product.
“Metro Phoenix
is clearly still in flux and adjusting to COVID, but CASA has remained very
active on the leasing front and is approaching a fully occupied scenario with
companies coming from all over – from downtown and midtown, North Scottsdale
and Paradise Valley,” said Curt Kremer, Founder and Managing Partner of
Phoenix-based George Oliver.
“Office users continue to crave
well-amenitized office communities and they are willing to consider a move
outside of their submarket to find it.”
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| Nick Bialkowski |
The newest
leases at CASA include:
- · Bay Equity, leasing 4,582 square feet
- · Coterie Advisors, leasing 4,234 square feet
- · Jack Capital, leasing 4,041 square feet
- · Canyon Home Care, leasing 2,910 square feet
- · American Energy Group, leasing 2,249 square feet
- · Forrest Logistics, leasing 2,130 square feet
Jack Capital, Canyon Home Care and American Energy Group now occupy their space at CASA. The remaining tenants will move in during the third quarter, joining existing tenants Rockwell Automation,
The Money Store, Olsson, Phoenix Association of
Realtors, North & Co. and local favorite Kaleidoscope Juice, which
operates an on-site café and lounge serving organic food, coffee and juice.
One
4,618-square-foot spec suite remains available at CASA.
Two
more spec suites, totaling 6,002 square feet and 5,001 square feet, are
delivering in September.
They will include fully furnished options and
forward-thinking design features like spacious work areas with access to
natural light, glass-front private offices, exposed ceilings in open workspace
areas, conference rooms with decorative lighting fixtures and soundproofing,
and modern finishes throughout the space.
CASA
also has four co-working suites available for immediate move-in. All co-working
suites are fully furnished with access to shared conference rooms and breakrooms,
a private coworking lounge, high speed internet access, and a full-time
concierge.
“CASA’s amenity
package accelerates a company’s ability to recruit and retain talent,” said JLL
Managing Director Ryan Timpani, who serves as the project’s exclusive
leasing broker along with JLL Senior Associate Nick Bialkowski.
“From
the start, that advantage has been a driving factor in tenant decisions to
relocate to CASA from locations across the Valley.”
Of the 10 leases
signed at CASA since its renovation, Timpani notes that nine are from out of
the project’s submarket.
Located off of
the Piestewa Freeway/State Route 51 and Northern Avenue, at 7878 N. 16th Street,
CASA mixes modern Spanish architecture with lifestyle amenities designed around
health and wellness.
Some of these
amenities include a 60-guest conference center, library and wellness center
with a yoga room, fitness center and an on-site meditation room.
Two centralized courtyards with water features serve as hubs for relaxation and collaboration. CASA also includes a dog park and a two-story dining experience with dedicated food truck parking, shaded outdoor dining and outdoor game and lounge areas.
George Oliver
purchased the CASA building, previously known as Catalina Terraces, in December
2018.
CONTACT:
Stacey Hershauer
480.600.0195
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