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Pulte Stamps $6.5M Pact for Papago Buttes

TEMPE, AZ-Pulte Homes caps a yearlong site search, inking a 10-year lease for 40,000 sf of class A office space in the Tosco-owned corporate center. The homebuilder is making plans for a June 2003 occupancy.

By Beverly Ford | Updated on December 17, 2002

TEMPE, AZ-Pulte Homes’ Home Office Extension Group has taken the keys to 40,000 sf of class A office space in a move prompted by the sale of its former offices.

Larry Downey, senior director with Cushman & Wakefield’s Arizona office, tells GlobeSt.com that National Bank of Arizona’s purchase of Pulte’s former home in the Del Webb building at North 24th St. in Phoenix sparked a yearlong search for new accommodations that ended in a 10-year lease at the Papago Buttes Corporate Plaza. The company expects to move into the building in June 2003.

The $6.5-million deal will give the area builder a modern facility with upgraded technology and amenities, says Downey. “Not only does it have a lot of onsite amenities,” he explains of the 1230 W. Washington St. plaza, “but it has a lot of internal cabling and other capabilities that will work well for their type of use.”

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