George Oliver Secures Next Experiential Office Transformation: Hayden Station in Downtown Tempe, AZ

 

Hayden Station in Downtown Tempe, AZ
 spans 107,508 square feet, including one five-story
office building and four two-story mixed-use buildings
 that are home to office, retail and restaurant space.

 PHOENIX, AZ – Phoenix-based developer George Oliver has announced plans for its next Arizona experiential office transformation: the five-building Hayden Station mixed-use office campus, located on the southwest corner of Mill Avenue and Third Street in the heart of downtown Tempe.

 Built in 1986, Hayden Station has served as a downtown Tempe landmark for more than three decades. It spans 107,508 square feet, including one five-story office building and four two-story mixed-use buildings that are home to office, retail and restaurant space.

The five-story tower offers views of downtown Tempe, Tempe Town Lake and Hayden Butte.

Curt Kremer

 “From a live-work-play perspective, this location is our most exciting infill, campus-style repositioning strategy to date,” said George Oliver Founder and Managing Partner Curt Kremer.

 “It has everything in place – great existing structures, dynamic employee and tenant demographics, and a strong mixed-use character – to deliver one of the best George Oliver concepts in the country.”

 With an approximate $14 million capital improvement budget, George Oliver will upgrade Hayden Station to an unmatched experiential office class that incorporates retail and restaurant space, and establishes flexible, open concept interiors with the high-touch design that its users have grown accustomed to.

Steve Lindley

George Oliver purchased the Hayden Station property in an off market transaction. The acquisition totals all five Hayden Station buildings, with an attractive 4.2/1,000 parking ratio. 

Steve Lindley, Cushman & Wakefield Executive Director, represented the property seller in the transaction.

Scott Boardman

 “This is a notable transaction for the market – completed in one of the tightest, most sought-after office locations in the country, with office rents approaching $50 per-square-foot, continued tenant demand and a low 8.1 percent office vacancy,” said Lindley.

“This off-market deal is a testament to George Oliver’s reputation and their ability to add exponential new value and energy to one of downtown Tempe’s longstanding mixed-use destinations.”

The design and architecture for Hayden Station is being led by George Oliver Design. Scott Boardman and Dave Carder of Cushman & Wakefield will serve as the project’s exclusive leasing brokers.

 

Dave Carder

Hayden Station is part of a growing local portfolio of notable George Oliver projects including CASA in Phoenix’s Uptown neighborhood, The Alexander and The Johnathan in downtown Chandler, and Lofts at The District in North Scottsdale.

  CONTACT:

Stacey Hershauer

480.600.0195

stacey@focusaz.com

www.georgeoliver.com.

NAIOP South Florida Selects 2021 Awards of Excellence Finalists

 Jules R. Morgan

 

  FORT LAUDERDALE, FL –NAIOP South Florida, the Commercial Real Estate Development Association, has announced the Awards of Excellence finalists for 2021 and confirmed Thursday, May 20 for the 42nd Awards of Excellence reception and dinner at the Fort Lauderdale Marriott Harbor Beach Resort & Spa, 3030 Holiday Dr.  

 

The annual celebration, which acknowledges excellence throughout the South Florida commercial real estate (CRE) industry, will be held outdoors with limited capacity from 5:30 to 9 p.m.  

 

"The pandemic has presented many unanticipated challenges for our industry and beyond. The industry has also witnessed incredible business opportunities, and that commercial real estate can pivot here in South Florida," said NAIOP South Florida Executive Director Jules R. Morgan.

Stephanie Rodriguez

"We can't wait to unify our community in celebration this year as we look forward to honoring those accomplishments of our members."   

 "There were so many exceptional nominations to review this year, even in a global pandemic. It has been wonderful to witness so many of our industry peers continuing to thrive in their professional endeavors despite the many challenges we have all faced," noted Stephanie Rodriguez, 2020 NAIOP South Florida Immediate Past President and this year's Awards of Excellence chair, and regional senior vice president, Duke Realty.

Michael Oretsky

 
"This year was about resilience and perseverance, and the CRE industry has done a tremendous job exemplifying these values. Congratulations to all of our distinguished finalists on a job well done."  

 The 2021 Awards of Excellence categories and finalists are: 

 

Sale of the Year 

 

Institutional 

·         Bayview Corporate Tower, Cushman & Wakefield 

·         Easton & Associates’ $15.5M Sale of Palm Beach County Warehouse, Cushman & Wakefield 

·         Elion Partners Acquisition of Former Rexall Sundown Warehouse, Cushman & Wakefield 

 

Private 

Industrial 

×        19th Avenue Business Park, Marcus & Millichap 

×        Bang Energy Portfolio Sale, CBRE, Inc., Helms Development & Core5 

×        DemeTech USA, State Street Realty 

×        Invincible Boats, CBRE, Inc. 

Alex VanDresser 

 Office 

o        3700 Lakeside Drive, Butters Realty & Management 

o        Golden Bear Plaza, MHCommercial Real Estate Fund 

o        Miramar Tech Center, Cushman & Wakefield 

 

Industrial Lease Transaction of the Year 

·         First Cypress Commerce Park, Colliers International 

·         Lowe's Home Centers, LLC, CBRE 

·         Miami 27 lease to Intcomex, Colliers International 

 

Office Lease Transaction of the Year 

·         Morgan Stanley, JLL 

·         Starboard Cruise Services, Cushman & Wakefield 

·         TradeStation Lease extension at Crossroads Office Park, Avison Young 

 

Rookie of the Year 

×        Michael Oretsky (CBRE) 

×        Alex VanDresser of Cushman & Wakefield 

 

Broker of the Year 

×        Douglas Mandel of Marcus & Millichap 

×        Jaime Sturgis of Native Realty 

×        George Pino of State Street Realty 

 

Broker Team of the Year 

 

Industrial 

×        CBRE team of L. L. Dinner, L. Genet, T. O'Loughlin, M. Oretsky, J. Zebede 

×        Cushman & Wakefield team of M. Etner, R. Etner, U. Kauhi, M. McAllister, C. Metzger,
J. Miller, C. Thomson, A. VanDresser  

×        State Street Realty team of C. Cabielles, J. Gonzalez, E. Lyden, G. Pino, F. Trelles 

  River Landing Shops & Residences, Miami, FL

 

Investment 

×        CBRE’s South Florida Institutional Capital Markets Team of A. Chilgren, A. Julian, C. Lee, J. Lobon, M. Minaya, T. Rappa, R. Rose 

×        Cushman & Wakefield Capital Markets Team of M. Alcivar, M. Ciadella, J. Hochman,
G. Miller, D. Montazemi, S. O’Donnell  

 

Office 

×        Avison Young’s Landlord Agency Team, Ft. Lauderdale of L. Blumer, J. Cope, G. Martin 

×        Blanca Commercial Real Estate Tenant Rep Team of R. Carballo, C. Harak, D. Linares,
J. Martin 

×        The Dream Team at Butters Realty & Management of S. Butters, C. Fleischer,
D. Lunsford, M. McDonough 

 

Costex Corporation Headquarters, Miami, FL

Retail 

×        JLL Miami Retail Team of K. Fernandez-Espinosa, A. Kaye, L. Koniver, R. Romero,
Z. Winkler 

 

Economic Impact Deal of the Year 

×        Miami Central Commons, Foundry Commercial 

×        Pursuit Boats, Economic Development Council of St. Lucie County 

×        River Landing Shops & Residences, Urban-X Group 

 

Project of the Year 

×        Costex Corporation Headquarters, Link Construction Group 

×        Port Everglades International Logistics Center, Avison Young & CenterPoint Properties 

×        River Landing Shops & Residences, Urban-X Group 

×        The Main Las Olas, Stiles 

Fort Lauderdale Marriott Harbor Beach Resort & Spa,

Developer of the Year 

·         Bridge Development Partners 

·         Butters Construction & Development 

·         Stiles 

·         Urban-X Group 

 

Tickets for the Awards of Excellence are $175 for NAIOP members and $225 for non-members. Sponsorship opportunities are also available.

 

 To attend, visit naiopsfl.org/events. For more information, please visit naiopsfl.org, email naiop.info@naiopsfl.org or call 

954-990-5116. 

 

 CONTACT:

 Samantha Van Nuys

O: 954.776.1999  ext. 115 |C: 954.648.9132

6451 North Federal Highway, Suite 1200 |Fort Lauderdale, Florida 33308
More than 100 partner agencies in markets worldwide

naiop.org. 

  naiopsfl.org.