Thomas Kimsey, vice president of acquisitions and development for the firm's Arizona office, said the success of the center is a result of the building's flexibility and the need for retail and office space in the growing Anthem community, which is expected to reach a population of 35,000 when fully developed. "The multi-tenant building is well situated in a growing community where few building options currently exist for businesses to locate," he said, adding that he expects to have another 20% of the first building leased soon, bringing occupancy to nearly 90%.

Phase II of the project will be built on 4.5 abutting acres. Valley Commercial Contractors LLP is the general contractor for the project, designed by the architectural firm of Poliquin Kellogg Design Group.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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.