A second phase office building has been entitled through the City of Phoenix Planning department, to be located immediately north of the Phase One Building, which when completed, will accommodate employment growth at the Norterra West master planned corporate office park, to a total of more than 1,800 employees at the 2-building campus.

“Adding new high-quality speculative corporate office space is a good sign for the Phoenix economy,” says mayor Greg Stanton. “Norterra West will help the city of Phoenix match prospective local, national and global employers with immediate and competitive office space while tapping into our educated and affordable labor base.”

USAA Real Estate Company has selected CBRE as its exclusive agent to market and pre-lease Norterra West. The team of Ashley Brooks, Jr., Jim Bayless and Jenny Aust Turner was selected given their extensive focus on the North and Northwest Valley submarkets, their long-standing relationships with many of the large corporate back-office users in the Deer Valley / I-17 submarket, and their proven experience working with Greater Phoenix Economic Council leadership, and the office of Phoenix Economic Development.

“Office vacancy rates in the Deer Valley office submarket remain above stabilized levels, but there is a shortage of large blocks of class A office that can provide the high-density parking ratios, power infrastructure, and large efficient open office environments that Fortune 500 companies want,” states Brooks. “With our partners at USAA Real Estate Company and Metro Commercial Properties, we hope to raise the bar and provide new office product that will be unmatched in the North Phoenix submarket.”

“USAA is catalyzing growth with innovative development in north Phoenix,” says Phoenix city councilwoman Thelda Williams, in whose district Norterra West will be built. “Breaking ground on a class A office development is a win for Phoenix because it attracts growth in other businesses and retail, and brings much needed office space to our market.”