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Logistics Firm Pre-Leases 10,000 SF in Class A Project

PHOENIX-CH Robinson Worldwide Inc. makes the commitment for Desert Ridge Corporate Center I, a 136,291-sf office building that broke ground last month. The five-year deal is worth $1.2 million for developer, the Ryan Cos.

By Jennifer D. Duell | Updated on February 08, 2005

PHOENIX-Looking for a more central location in the Valley, CH Robinson Worldwide Inc. has pre-leased 10,000 sf at Desert Ridge Corporate Center I, a 136,291-sf, class A office building going up at the northwest corner of Tatum Boulevard and Loop 101.

The five-year lease has a payout of $1.2 million for developer, Minneapolis-based Ryan Cos. The building will be ready to occupy in the fourth quarter, driving the logistics firm’s exit from 7047 E. Greenway Parkway in Scottsdale.

“They needed to expand and be in an area that is more central to its employees and clients,” Dina Boscardin of Mohr Partners tells GlobeSt.com. She represented CH Robinson Worldwide in the transaction while Bill Blake and Craig Coppola with Lee & Associates Arizona represented Ryan Cos.

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