“We are seeing a lot of build-to-suits activity,” he adds. “The economy is starting to roll and people are feeling good about their businesses. There are no big blocks of space available and the demand is there. Also, the dynamics of office space have changed so much in the last five years. We're talking about high ceilings, open spaces; you have to have a cool space to capture the best employees. The virtual office is changing the way we're building office space.”

Just six miles east of Phoenix Sky Harbor International Airport, Waypoint is accessed via Loop 101 at Rio Salado Parkway, and the Loop 202 at Dobson and Alma School roads. It is directly east of Mesa Riverview, a retail, hospitality and entertainment complex. It is also less than one mile from the new Cubs Spring Training Facility and the new Riverview Park, and within a few minutes' drive to Arizona State University.

“Waypoint sits in a buzzing, contemporary office corridor that continues to earn great demand from both employers and employees,” adds Krumwiede. “People want to be here, and that has allowed us to break ground on one building that is already 100% leased, and a second building that will soon round out this very valuable infill site.”

When completed, Waypoint will join an existing Hyatt Place Hotel, two existing, two-story office buildings and a 180-room, upscale brand Sheraton Hotel that is under construction now and scheduled to open in March 2015. The hospitality site amenities will include full-service restaurants, bars, swimming pool, fitness facility and more than 30,000 square feet of meeting and event space.

“This facility offers all of the things we looked for when choosing where to place our headquarters,” says James Tuton, CEO of American Traffic Solutions. “The opportunity to have a state-of-the-art facility built to our specifications, along with the easy access to major highways and the variety of restaurants, hotels and other shops, made this the perfect location for our new headquarters.”

Created by project architect The Davis Experience, Waypoint reflects a high-tech aesthetic that extends from the buildings' exteriors to its two-story lobbies. Façades will feature a multi-layered envelope of architectural cast concrete panels and high performance dual-pane aquamarine glazing. Interior entries will showcase clean lines, timeless materials, simple detailing and the focal point – an open, floating grand stair. Waypoint will offer abundant parking, shaded amenity areas located around the office campus and the built-in amenity of Tempe Canal's multi-use path.

Dave Carder, Luke Walker and Eric Schultz, from the Phoenix office of CBRE, lead the project's marketing and leasing efforts.