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News release

PHOENIX, AZ

On Par: Three New Office Leases, Golf Amenity Push Occupancy at Stonecreek Pointe

Renovated golf course office development is attracting a range of new companies


PHOENIX, May 6, 2016 – Golf course-facing views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. 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 Premier Business Centers, Vertical Measures and People’s Mortgage. The leases bring the building (formerly Anasazi Plaza II) to 75 percent occupied.

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 leading national operator of executive suites and office centers, leasing 15,000 square feet.
  • Vertical Measures, an award-winning, Phoenix-based SEO and content marketing firm, leasing 10,808 square feet.
  • Peoples Mortgage Company, a national real estate financing firm established in Arizona in 1998, leasing 3,679 square feet.

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).

“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.”

Located at 11201 N. Tatum Blvd. in the Paradise Valley, Arizona submarket, 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, award-winning 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 direct walk-out patio and a digital directory system.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

In Phoenix, JLL is a market leader employing more than 540 of the region’s most recognized industry experts offering office, industrial and retail brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services. In 2015, the Phoenix team completed 17.2 million square feet in lease and sale transactions valued at $930 million, directed $125 million in project management and currently manages a 16.4 million-square-foot portfolio. For more news, videos and research resources on Jones Lang LaSalle, please visit www.jll.com or www.jll.com/phoenix.