Sunday, July 28, 2024

Kimley-Horn to Open New Phoenix Location at Lincoln’s Class A Union Office Development in Mesa, AZ

Union Building One  is part of the 28.2-acre,
 1.35 million-square-foot Union
master plan in Mesa, AZ

 MESA, AZ – Full-service commercial real estate firm Lincoln Property Company (Lincoln) has signed Kimley-Horn, one of the nation’s premier planning and design consultants, to a 34,771-square-foot, long-term lease at Union Building One.

Building One is the first building completed within the 1.35 million-square-foot, Class A Union office project being developed by Lincoln and Harvard Investments in the Arizona Riverview District in Mesa, Arizona.

 Nick Nudo
The lease establishes Kimley-Horn’s fifth Arizona office location, including locations on Camelback Road in Phoenix, Southern Avenue in Mesa, West Godwin Street in Prescott and East Sunrise Drive in Tucson. 

A FORTUNE “100 Best Companies to Work For,” Kimley-Horn operates more than 135 offices nationwide, employing nearly 9,000 team members.

Fronting the Loop 202 freeway at 2046 W. Riverview Auto Dr. in Mesa, the 238,343-square-foot Building One offers large floorplates, high ceilings, outdoor balconies and 10-foot vision glass to maximize surrounding city and mountain views.

It is part of the 28.2-acre, 1.35 million-square-foot Union master plan, which spans four Class A office buildings, indoor-outdoor areas, water features, adjacency to the Riverview Park and Lake, and a direct link to the Rio Salado Pathway.

“Kimley-Horn will add tremendous energy to Union Building One – one of the Valley’s premiere new office deliveries that only continues to improve,” said Lincoln Director of Real Estate Nick Nudo.

“Their lease underscores the draw of this project and will serve as its cornerstone, truly making Union a place where tenants and employees can fully embrace and enjoy the workday.”

Charles Daggett 

Last month, Harvard and Lincoln kicked off a significant amenities upgrade plan for Building One. 

Underway now, the program will add a main lounge, state-of-the-art conference center, golf simulator and bar and kitchen areas via “The Clubhouse,” as well as two move-in-ready speculative office suites.

Kimley-Horn is scheduled to move into Union Building One during Q1 2025, occupying approximately half of the building’s top floor.

Charles Daggett of Savills represented Kimley-Horn in its lease negotiations. Lincoln was self-represented.

Contacts:

 

Stacey Hershauer

focusAZ 

P 480.600.0195

 

David Krumwiede or

John Orsak

 (602) 912-8888.

 

The Easton Group secures $20 million refinancing of Doral, FL office building

 REFINANCED:an eight-story office building

 at 8600 NW 36th Street in Doral, FL 

 

 Doral, FL  The Easton Group secured a $20 million loan to refinance an 8-story office building at 8600 NW 36th Street in Doral.  

 The permanent financing provided by City National Bank paid off a bridge loan that Easton used to acquire the Offices at Doral Square for $28.5 million in December 2023.


Andrew Easton


 “Since buying this asset, leasing activity has been better than expected giving us an opportunity to secure long-term debt with more favorable terms.” said Andrew Easton, vice president of The Easton Group’s office division. 

 

In May, the real estate firm announced three new leases at the 141,246-square-foot building, equating to about 10% of the total rental space. Grupo Eulen, a global company that offers facility management and airline services, leased 6,026 square feet;

 

Vanderweil Engineers, one of the U.S.'s largest independently owned engineering firms, took 5,160 square feet; and mortgage firm Trust Lending leased 3,015 square feet. 

 

The Offices at Doral, located in the heart of the city, was built in 1984 and underwent a $10 million facelift by the previous owner.

 

Edward W. Easton

 

 About The Easton Group:

The Easton Group is a family-owned commercial real estate firm with three generations of Eastons working in the business.. Chairman Edward W. Easton founded the company 50 years ago, and today it controls a portfolio of approximately five-million square feet in Miami-Dade County.

Contact:

 

Todd Templin

Executive Vice President

BoardroomPR

O 954-370-8999

C 954-290-0810

ttemplin@boardroompr.com

 

www.theeastongroup.com.