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| Canyon Corporate Plaza, 2510 and 2512 West Dunlap Avenue, Phoenix, AZ |
PHOENIX, AZ – Less than one week after Taiwan Semiconductor Manufacturing Company (NYSE: TSM) secured 1,129 acres of land to build a $12 billion factory in North Phoenix, the company moved forward with its official market entry with a 46,735-square-foot office lease.
Located at the
two-building Canyon Corporate Plaza office campus in Phoenix, the deal
marks one of the largest office commitments to sign in the Valley since the
start of the COVID-19 pandemic.
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| Canyon Corporate Plaza fountain |
Canyon Corporate Plaza will give TSMC Arizona Corporation an administrative home base as it ramps up its Phoenix market presence – a process that will culminate in a new North Phoenix manufacturing facility and up to 1,900 new local jobs over a five-year period.
With an
estimated 20-year economic impact of $38.2 billion, TSMC represents Arizona’s
largest-ever foreign direct investment.
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| Danny L. Swancey |
Owned by Phoenix-based real estate and investment company ViaWest Group, Canyon Corporate Plaza sits in the heart of the Interstate 17 corridor in North Phoenix, just 15 miles from TSMC’s future manufacturing facility.
“This
lease gives TSMC the institutional-quality office space and the geographic and
operational proficiencies they need to ramp up their operations in Phoenix
ahead of their plant delivery,” said ViaWest Partner Danny Swancey.
“Canyon
Corporate Plaza is an iconic office campus that – like we did with Biltmore
Center – is undergoing renovations that will modernize the project for 21st century
tenants.
"Our
vision will establish Canyon Corporate Plaza as the premier office building
within the submarket. TSMC recognizes that vision, and we are honored to play a
part in their historic market entry.”
Under its
new lease, TSMC will occupy 46,735 square feet and two full floors in Canyon
Corporate Plaza’s 2510 building, located at 2510 W. Dunlap Ave., immediately
east of I-17. TSMC is scheduled to begin occupancy of their new space by
January 1, 2021.
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| John Bonnell |
Managing Director John Bonnell, Executive Vice President Brett Abramson, Senior Vice President Chris Latvaaho and Managing Director Ryan Timpani from the Phoenix office of JLL represented ViaWest in the lease negotiations. David Barrett of CBRE represented TSMC.
“Canyon
Corporate Plaza offered TSMC a Class A, move-in-ready office environment that
is close to single- and multi-family housing, seconds from I-17 and along the
future Light Rail extension,” said Bonnell.
“These
amenities, combined with the capital improvements underway by ViaWest, make
this the perfect location for TSMC. The campus also has move-in-ready space
that is available now for companies who are wanting to locate close to this new
Phoenix manufacturing giant.”
Canyon
Corporate Plaza is located at 2510 and 2512 W. Dunlap Ave. in Phoenix.
The
two-building project totals 313,444 square feet with prominent freeway signage,
modern office space, lush courtyards, up to 7/1,000 parking through secure
garage and surface spaces, and a unique campus environment that includes
on-site food trucks.
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| Brett Abramson |
It is surrounded by more than 9.5 million square feet of retail space, 34 hotels and 20,378 multifamily units within a three-mile radius.
A
multi-million-dollar capital improvement campaign led by ViaWest is reimagining
Canyon Corporate Center, creating modern lobbies and a tenant lounge complete
with roll-up doors that spill out into an indoor/outdoor amenity zone.
Ajanta Designs
is leading the renovation as project architect. Reliance Build Inc. (RBI) is
the general contractor. EdgeQuarters is providing interior design consulting.
Other
notable tenants at Canyon Corporate Plaza include Cognizant, SoftPro and
Eduvision.
TSMC is
the world’s largest dedicated semiconductor foundry. It purchased 1,129 acres
of land in early December for its new Phoenix advanced semiconductor fab, which
is scheduled to break ground in 2021 and expects to begin production by 2024.
The new TSMC
plant will be located in North Phoenix, near the northwest corner of the Loop
303 and the 43rd avenue alignment.
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| Chris Latvaaho |
About ViaWest Group
Established in 2003, ViaWest Group is a Phoenix-based, full-service commercial real estate investment, development and property management firm.
ViaWest Group has been one of the fastest growing real estate investment companies in the Southwest U.S. over the last few years with over $400 million of acquisitions and development.
Since inception, ViaWest has been involved in over $1 billion of acquisitions. ViaWest Group is currently seeking to acquire and develop more office, industrial, retail buildings and land parcels in the Southwestern U.S.
About
JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
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| Ryan Timpani |
JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.
JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
CONTACT:
Stacey Hershauer
David Barrett
focusAZ
P 480.600.0195
or contact Lindsay Bennett
at (602) 957-8300 ex.116.
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