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Developer Ends 10-Year Hiatus From Valley With $13M Project

PEORIA, AZ-Western States Development of Fort Collins, CO, renews its interest in the Valley, purchasing eight acres to develop a 78,000-sf office condo project. The eight-building Stonegate Office Park breaks ground in June.

By Jennifer D. Duell | Updated on May 18, 2005

PEORIA, AZ-Nearly 10 years after exiting Arizona, Western States Development has returned with plans to develop a $13-million office condo project in the West Valley. The 78,000-sf Stonegate Office Park, breaking ground in early June, will be ready to occupy in November.

Stonegate Office Park’s collection of eight one-story buildings will sit on eight acres near the northeast corner of 83rd Avenue and Thunderbird Road. Fort Collins, CO-based Western States Development bought the land from Phoenix-based Coyote Thunderbird LLC for slightly more than $2 million. Bryan Johnson, a medical and office condo specialist with Trammell Crow Co.’s Phoenix office represented Western States Development in the land acquisition while Sean Gillespie of Nathan & Associates Inc. represented the seller.

Johnson tells GlobeSt.com that Western States Development wanted to build its first office condo project in the West Valley because of the explosive growth. “The Loop 101 was their target area,” he explains, adding the long-term plan is to build three to five more condo projects in the metro.

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