PHOENIX—CBRE has completed a 20,000-square-foot office lease at Element at Kierland located at 14614 N. Kierland Blvd. in Scottsdale. Luke Walker, Dave Carder and Eric Schultz with CBRE's Phoenix office represented the landlord, Montana Avenue Capital Partners, LLC of Santa Monica. The tenant, Scottsdale-based SheKnows, was represented by Clint Hardison with Keyser.
“MAC has made significant investments to the property over the past several months with $1.3 million invested in upgrading the common areas and enclosing the breezeway, creating a new common lobby area at the main building entrance. The way office tenants are utilizing space is changing, and property owners like MAC recognize that,” says Walker. “The activity we've seen so far and the lease with SheKnows have reinforced the fact that Element at Kierland, and the type of space offered therein, will meet the demand for creative, modern, flexible workspace and offer the “lifestyle” type of work environments users want.”
Walker tells GlobeSt.com, the focus on open and collaborative environments is becoming a more common requirement for tenants of late. “The trend is increasing—we're seeing more tenants looking for that creative space, and it's across the board. It's not just one type of tenant; it's a busy part of the market.”
The space at Element at Kierland will serve as SheKnows' corporate headquarters. The Scottsdale-based women's lifestyle media platform currently operates out of 16101 N 82nd St. The move to Element at Kierland will offer the company an office suite with a mix of private meeting rooms and open-concept work space. The 20,000-square-foot space will also feature a custom studio space for the website's many popular video series and test kitchen for a variety of cooking-related features.
Previously known as Kierland Fairways, MAC purchased Element at Kierland in February 2014 with the intent of bringing new life to the 55,268-square-foot office building. The property, which is currently being renovated with plans to launch in November, offers high-end creative office space designed by Davis Architects with architectural elements including polished concrete floors, LED lighting, and exposed ceilings and beams. The property will offer users spaces with a mix of open work environments and private offices, outdoor collaborative spaces and views of Kierland Golf Course. Located in the heart of Kierland and Scottsdale Airpark submarkets, the property also benefits from proximity to numerous amenities, including some of Scottsdale's resorts, restaurants, golf courses, and shopping.
Keyser's Clint Hardison was not available for comment.
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