52-Acre Office Project Ready to Break Ground

GILBERT, AZ-A local developer is gearing up to break ground on the first phase of the 52-acre Reserve at San Tan. The $29-million initial phase will consist of three class A and back-office buildings totaling 150,000 sf on 15 acres.

Construction begins by month’s end, with completion slated for late 2007 into early 2008. Located near the intersection of Gilbert and Germann roads, the project will consist of two 50,000-sf three-story buildings and a 50,000-sf single-story back-office design.

Adrian Evarkiou, senior vice president for developer Orsett Properties Ltd., says there are other phases on the drawing board, but the specific product has yet to be determined. “As of now, we’re currently planning phases two and three for this, but the market will dictate what we come out with and the product type,” he tells GlobeSt.com. The present plan calls for Reserve at San Tan to be a mix of office and back office. The acreage has the potential to support up to 500,000 sf.