The second phase will add 170,000 sf of office space, adjacent to the 250,000-sf existing building, which now houses 1,000 employees.

Tosco consolidated its office functions into the first-phase building over the past several years, vacating a number of smaller buildings throughout the Valley. The first phase includes an on-site daycare center, a mini-Circle K store and café.

The six-story structure under construction will have a 900-space parking garage. The building is scheduled for completion next October.

The Phoenix office of Ryan Companies, a general contractor and development company, which built the first building is also constructing the new one.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.