PHOENIX—ViaWest Group announces that NXP Semiconductors has signed a 10-year lease for 32,988 square feet of office space at Chandler Midway Corporate Center, 5670 W. Chandler Blvd. Built in 2007, the project is comprised of two class A office buildings totaling 111,800 square feet. ViaWest originally purchased Chandler Midway in December 2012. At the time of the acquisition the buildings were 34% leased and with the addition of the NXP, the project is now 75% leased with deal activity that could bring the project in excess of 90% in the very near future. .
NXP relocated to Chandler Midway from another ViaWest-owned building in the ASU Research Park. “We developed a great relationship with NXP and were excited that we were able to find an opportunity within our portfolio of assets that fit NXP's long-term needs,” says Danny Swancey of ViaWest Group.
Located at the northeast corner of Chandler Blvd and Gila Springs, the project is centrally located between the I-10, Loop 101 and new Loop 202 Freeways and is in close proximity to Chandler Regional Hospital. Chandler Midway is within 3 miles of 3,000,000 square feet of retail amenities and 15 minutes from Sky Harbor International Airport.
“We're excited to continue our relationship with ViaWest and keep our Arizona operations in the Southeast Valley. The talent of the workforce, quality of life, and lack of extreme weather and natural disasters are all factors that we consider when selecting sites, and Chandler has all of these key ingredients,” states Greg Stuck, senior director of global real estate for NXP Semiconductors.
“The Chandler area has consistently outperformed the overall Phoenix market in attracting technology-related companies and is one of the top job-creating economies in the U.S. NXP continues this trend by bringing another a great global corporate name and quality workforce to Chandler Midway,” said Cassidy Turley's Scott Baumgarten.
Vice presidents Mark Stratz and Scott Baumgarten of Cassidy Turley's Phoenix office represented the landlord and are currently marketing the remaining vacancy consisting of 23,117 square feet in the 5670 building, as well as a state-of-the-art 5,066-square-foot spec suite prominently located on the first floor lobby of the 5710 building. Don Rodie of Cushman & Wakefield's Phoenix office represented the tenant.
“These properties are surrounded by first-class amenities, high-end executive housing and the I-10, Loop 101 & 202 Freeways making them very attractive to prospective tenants,” Stratz adds. “NXP's move to Chandler Midway solidifies their commitment to Arizona and further ratifies the Southeast Valley as one of the nation's premier technology corridors.”
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