The New York City-based developer has bought land at the intersection of 27th Avenue and North Valley Parkway in the northwest submarket from Alliance Residential Co., which recently acquired 18.8 acres for roughly $9 million to develop the 280-unit Broadstone at Canyon Crossroads. As soon as the land deal was done, Greenstreet picked up its stake.

Jared M. Brunnabend with Greenstreet says 10,000 sf of Uptown at Canyon Crossroads is already committed for a KinderCare Learning Center. The child-care operator has signed a long-term lease for a pad development. He tells GlobeSt.com that negotiations also are underway with a bank, which will take another pad site. Brunnabend explains the remainder of the project will include a 15,000-sf single-use space and up to 15,000 sf of multi-tenant inline space.

Senior vice president Larry Ortega, senior associate Michael Clark and associate Dan Nesson of the Staubach Co.'s Phoenix office are preleasing the project. A general contractor and architect haven't been named.