Golf Access Scores Three Holes in One

The renovated office building offers golf course and mountain views, walk-out balconies and direct golf course access.

PARADISE VALLEY, AZ—Located at 11201 N. Tatum Blvd., Stonecreek Pointe totals 109,961 square feet in three stories (36,653-square-foot floorplates). It is located directly on the Stonecreek Golf Course and minutes from State Route 51, the Loop 101, executive housing and an extensive amenity base of retail, restaurants and services. The building offers golf course and mountain views, walk-out balconies and direct golf course access. Recent building enhancements include modern finishes, a new signage program, upgraded restrooms and common area renovations such as a new first floor tenant lounge, a walk-out patio and a digital directory system. The views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. The leases bring the building (formerly Anasazi Plaza II) to 75% occupied. On behalf of building owner, HighBrook Investment Management/Cypress Office Properties , the Phoenix office of JLL has completed almost 30,000 square feet in new leases to the three tenants. JLL managing director, John Bonnell , senior vice president, Brett Abramson , and vice president, Chris Latvaaho , represented the landlord in all three transactions: Premier Business Centers , a national operator of executive suites and office centers, leased 15,000 square feet. Vertical Measures , a Phoenix-based SEO and content marketing firm, leased 10,808 square feet. Peoples Mortgage Company , a national real estate financing firm established in Arizona in 1998, leased 3,679 square feet. “Newly renovated space, great nearby amenities and a very direct connection to the greens of Stonecreek Golf Course give this project the same kind of draw and prestige you can find in Tempe or on the Camelback Corridor,” said Bonnell. “This has created scenarios where companies look at the entire metro market, but select Stonecreek for its work/play, class-A feel.” In the past 12 months, JLL has completed 27,882 square feet of additional leases at the project, for a total of 57,369 square feet in new commitments. This activity includes digital marketing and Internet advertising company Zog Digital (19,511 square feet), law firm, Begam & Marks (5,203 square feet) and Churchill Mortgage (3,168 square feet). Bonnell tells GlobeSt.com: “As rents in submarkets like downtown Tempe and the Camelback Corridor continue to climb, tech–and other tenants–are looking to equally amenitized locations. They gain the same level of quality and but at a notably lower price point.