Gainey Center II is 89% occupied by tenants including J.P. Morgan, TPI Composites Inc., Apriva and McGraw Hill Financial. Lincoln Property Company is already in active negotiations to fill the project's remaining 17,000 square feet of available space.

Lincoln Property Company's vice president Amr Ceran tells GlobeSt.com: “We are already in talks with several quality tenants looking to fill this building's limited available space. They know that this is a well-maintained executive office asset that fits the profile of their business, and that we will make even better with a few, strategic upgrades.”

Chris Toci, Chad Littell, Jerry Noble, Pat Devine and Greg Mayer of Cushman & Wakefield negotiated the sale. Jerry Roberts and Pat Boyle of CBRE will serve as the leasing brokers for the project. Lincoln Property Company will provide full property management services for Gainey Center II as part of its more than 8-million-square-foot Phoenix property management portfolio.

“Gainey Ranch is the natural place for this type of product–well-appointed stone-clad buildings that offer a sophisticated environment for companies serving the high net-worth communities of the market,” adds Ceran.

SCOTTSDALE, AZ—Renovations are soon anticipated at Gainey Center II, including lobby, common area, landscaping and signage upgrades. Lincoln Property Company and Goldman Sachs will complete minor renovations at the project, underscoring a continued demand and upside for class-A executive office space.

The planned renovation is in response to a $35.25 million purchase of the office center by the two companies. The class-A, LEED-certified building totals 146,770 square feet in three stories. It has maintained a strong institutional ownership since its inception, with a focus on providing high-end amenities including on-site security, covered garage parking and views of Camelback Mountain, the McDowell Mountains and Mummy Mountain.

“There is definitely a need in the Valley for high-tech build outs, but the president of a financial advisory firm does not necessarily want concrete floors and exposed ceilings,” adds Lincoln Property Company's executive vice president David Krumwiede. “That individual wants rich accents and a high-quality setting to welcome clients.”

Gainey Center II is located at 8501 N. Scottsdale Rd., one mile from the Loop 101 and within the Gainey Ranch community. Fronting Scottsdale Road, Gainey Center II is within walking distance to hotels, retail and restaurants, just some of which include the Hyatt Regency Scottsdale and the SHOPS at Gainey Village, featuring tenants such as Chez Vous Creperie, The Coffee Bean & Tea Leaf, Drexel Modern American, The Hash Kitchen, Panera Bread Company, Pomo Pizzeria, and Rolfs Salon and Spa.

Gainey Center II is 89% occupied by tenants including J.P. Morgan, TPI Composites Inc., Apriva and McGraw Hill Financial. Lincoln Property Company is already in active negotiations to fill the project's remaining 17,000 square feet of available space.

Lincoln Property Company's vice president Amr Ceran tells GlobeSt.com: “We are already in talks with several quality tenants looking to fill this building's limited available space. They know that this is a well-maintained executive office asset that fits the profile of their business, and that we will make even better with a few, strategic upgrades.”

Chris Toci, Chad Littell, Jerry Noble, Pat Devine and Greg Mayer of Cushman & Wakefield negotiated the sale. Jerry Roberts and Pat Boyle of CBRE will serve as the leasing brokers for the project. Lincoln Property Company will provide full property management services for Gainey Center II as part of its more than 8-million-square-foot Phoenix property management portfolio.

“Gainey Ranch is the natural place for this type of product–well-appointed stone-clad buildings that offer a sophisticated environment for companies serving the high net-worth communities of the market,” adds Ceran.