PHOENIX—DPC Development announces the completion of the interior and exterior renovation of Biltmore Commerce Center, a 260,000-square-foot, Class A office building at 3200 E. Camelback Rd.
Built in 1985, the three-story building was purchased in August 2013 by Greenwood Village, CO-based DPC Development in partnership with Bridge Partners of Salt Lake City. Biltmore Commerce Center was 74% occupied at closing and is now 88% leased.
Valley of the Sun United Way was DPC's first tenant, leasing 32,780 square feet on the third floor. Senior directors Jerry Noble, Patrick Devine and Greg Mayer of Cushman & Wakefield's office properties group represent DPC Development of Colorado.
“The renovation of Biltmore Commerce Center looks beautiful, while meeting the needs of today's office users, who want places to get together outside of their office walls,” Devine says.
A tenant-focused space, the expansive atrium can be utilized for work and after-work events. Modern finishes and community-style seating and tables have been provided to promote individual collaborative meetings, or comfortable small gatherings, utilizing the space throughout the day. Tables are tech-friendly and have built-in outlets that double as charging stations for laptops and phones.
The focal point of the building is the atrium's 20-foot water wall and surrounding reflecting pools, along with a fountain on the corner of Camelback and 32nd St. Topping it off is the new landscaping, which includes prominent palm trees at the building's entrance and new vegetation throughout.
“We saw a beautiful gem with this building sitting prominently in the Camelback Corridor, with a vision to provide work space that worked very well within the four walls, and an outside-inside space providing a comfortable work space for businesses throughout the year,” says Chris King, president of DPC. “What we have accomplished exceeds all expectations.”
Upgrades to the exterior include new signage and an illuminated water feature that faces the intersection of Camelback and 32nd that will be prove to be a landmark feature on the Camelback Corridor.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
