Mattamy Homes Expansion Reflects Phoenix Housing Market Strength
JLL lease paves way for regional HQ makeover at Pima Center
PHOENIX, Arizona, July 27, 2021 – A new lease directed by the Phoenix office of JLL has extended the lease for Mattamy Homes at The Corporate at Pima Center through 2029. It also ushers in a first-floor consolidation and Phoenix headquarters update for Mattamy, the largest privately owned homebuilder in North America.
“Phoenix is a vibrant and exciting market, and one that we are committed to being in for a long time. In keeping with that commitment, we’re firming up and adding to our office space at Pima Center,” said Mattamy Phoenix Division President Don Barrineau. “Our current team is quite talented and experienced, and now we’re going to add more folks who will enjoy an unexpected and exhilarating career ride. Based on our recent, significant land buys, we expect explosive growth at Mattamy Phoenix the next 5-plus years.”
Under the new lease, Mattamy will expand its Phoenix office footprint to 15,904 square feet on the first floor of Class A The Corporate at Pima Center, located at 9200 E. Pima Center Parkway in Scottsdale, fronting the Loop 101 freeway just south of Pima Road. It will also update its Phoenix headquarters with contemporary creative office amenities and an on-site design studio.
JLL Managing Director John Pierson, Senior Vice President Trevor Pratt and Associate Lauren Lovell represented Mattamy in the lease expansion. JLL Managing Director John Bonnell, Executive Vice President Brett Abramson, Senior Vice President Chris Latvaaho and Associate Chris Beall represented the building owner, City Office REIT.
“Phoenix consistently ranks among the nation’s hottest markets for new home construction and value appreciation,” said Pierson. “Mattamy’s new office configuration will help them to capitalize on and serve that growth with a very efficient and modern work environment for its employees and a beautiful, centralized design showroom where its customers can enjoy their homebuying and home design experience. It is a great testament to Mattamy’s success and their customer-first philosophy.”
Designed to accommodate Mattamy’s growing Phoenix division, the new headquarters will consolidate team members from two separate suites into a single, first-floor location. The combined space will allow for better collaboration with large group, breakout and individual work areas focused on embracing the company’s strong culture of inclusion and teamwork.
The building sits along the Loop 101 freeway, accessible to more than 1.4 million people over 25 years old within a 30-minute commute and with 39 hotels and almost 12,400 multifamily units within five miles, and more than 4.1 million square feet of retail amenities within three miles. It is minutes from Sky Harbor International Airport, downtown Tempe and downtown Scottsdale. Tenants are served by newly renovated lobby and common areas, and generous covered parking, with a 5/1,000 parking ratio.
Construction on the new Mattamy office space is in final planning stages, with completion and move-in scheduled for Fall 2021. Phoenix-based McCarthy Nordburg is the project architect. The property is managed by JLL’s property management group, on behalf of the landlord.
About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps more than 8,000 families realize their dream of homeownership. In the United States, the company is represented in 11 markets – Charlotte, Raleigh, Phoenix, Tucson, Dallas, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
In Phoenix, JLL is a market leader employing more than 646 of the region’s most recognized industry experts offering office, industrial, retail, healthcare and data center brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services, and related services within the real estate leasing, investment and management process. In 2020, the Phoenix team completed 75 million square feet in lease and sale transactions valued at $2.2 billion, directed $186 million in project management and currently manages a 54.2 million-square-foot portfolio.
For further information, visit www.jll.com.