northwest corner of san tan loop 202 freeway & gilbert ... · the incubator model helps turn...
TRANSCRIPT
CHANDLER GILBERT
COMMUNITY COLLEGE
(48 Acres / 618,000 SF)
PARK LUCERO INDUSTRIAL PARK
LOOP 202 BUSINESS PARK
COLLISIONCENTER
SITE
For further information contact: PROJECT HIGHLIGHTS
The information provided is gathered from sources deemed reliable. However, De Rito Partners makes no representations, warranties or guarantees as to its accuracy. The information has not been independently verified or confirmed by De Rito Partners. The information provided should not be relied upon to make any leasing or purchasing decisions. This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through De Rito Partners.
The information provided is gathered from sources deemed reliable. However, De Rito Partners makes no representations, warranties or guarantees as to its accuracy. The information has not been independently verified or confirmed by De Rito Partners. The information provided should not be relied upon to make any leasing or purchasing decisions. This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through De Rito Partners.
CHANDLER 202 AUTO PARKNORTHWEST CORNER OF SAN TAN LOOP 202 FREEWAY & GILBERT ROAD: 13.66 ACRES AVAILABLE WITH FREEWAY FRONTAGE
LAND PARCEL AVAILABLE FOR SALE IN CHANDLER, ARIZONA
13.66 acres available along Loop 202, Chandler, AZ
Adjacent to Chandler 202 Auto Park:
Across from the proposed 2-3 million SF Rivulon mixed use development; ±300 acres, owned and developed by Nationwide Realty Investors
Additional retail south of Loop 202 includes 1.3 million SF Power Center
141,248 total vehicles per day
Approximately 1,173 feet of frontage on Loop 202, and approximately 480 feet of frontage on Gilbert Road
MARTY DE RITO(602) 619-7318
9120 E. Talking Stick Way, Suite E-1Scottsdale, AZ 85250
o. 480.834.8500 | f. 602.381.1981www.derito.com
5,6336,092
$98,789$120,599
2.931,896
33.1
89,69697,253
$104,803$128,134
3.0326,145
33.6
295,735320,629
$104,343$128,926
2.9572,110
34.1
DEMOGRAPHICS (Source: SitesUSA)
Estimated Population (2017)Projected Population (2022)Estimated Avg. Household Income (2017)Projected Avg. Household Income (2022)Average Household Size (2017)Total Daytime Employees (2017)Median Age (2017)
1 Mile 3 Miles 5 Miles
TRAFFIC COUNTS (2015 Source: CoStar)
Gilbert Rd 33,240Loop 202 108,008Total Cars Per Day 141,248
THUNDERBIRD RD.
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AGUA FRIA FWY.
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BELL RD. BELL RD.
HAPPY VALLEY RD.
FRANK LLOYD WRIGHT BLVD.
GREENWAY RD.
CACTUS RD.
PEORIA AVE.
GLENDALE AVE. LINCOLN DR.
PINNACLE PEAK RD.
CAREFREE HWY
ANTHEM WAY
DAISY
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CAMELBACK RD.
INDIAN SCHOOL RD.
BROADWAY RD.
MCDONALD DR.
SHEA BLVD.
SALT RIVER
SALT RIVER
BUCKEYE RD.
LOWER BUCKEYE RD.
BROADWAY RD.
BASELINE RD.
GUADALUPE RD.
SOUTH MOUNTAIN FWY.
SANTAN FWY.
SUPERSTITION FWY.
INDIAN BEND RD.
RED MOUNTAIN FWY.
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PEAK PK
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GRAND AVE.
MARICOPA FWY.
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RITTENHOUSE RD.
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OCOTILLO RD.
CHANDLER HEIGHTS RD.
RIGGS RD.
HUNT HWY.
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INTERSTATEARIZONA
10
INTERSTATEARIZONA
10
INTERSTATEARIZONA
1760
INTERSTATEARIZONA
17
INTERSTATEARIZONA
10
PHOENIX
PARADISEVALLEY
FOUNTAINHILLS
SCOTTSDALE
MESA
TEMPE
GILBERT
CHANDLER
AHWATUKEE
TOLLESON
GOODYEAR
LITCHFIELDPARK
SUN CITYWEST
SUN CITY
GLENDALE
Existing freeways
Proposed or under construction
PEORIA
Northwest Corner of San Tan Loop 202 Freeway & Gilbert Road - Chandler, Arizona
Chandler Gilbert Community College is ½ mile north of the site. Approximately 17,000 students and 500 staff.
Gilb
ert R
d
NATIONWIDE INVESTORS250 ACRES
RIVULON PLANNED
DEVELOPMENT
CHANDLER MUNICIPAL AIRPORT
ChandlerGilbert
CommunityCollege
(13,000 Students)(13,000 Students)
ChandlerGilbert
CommunityCollege
(13,000 Students)
ChandlerGilbert
CommunityCollege
(13,000 Students)
CENTRAL CHRISTIAN
CHURCH
CENTRAL CHRISTIAN
CHURCH
CAMPO VERDE HIGH SCHOOL
CAMPO VERDEHIGH SCHOOL
CHURCH OF JESUS CHRIST
OF LDS
CHURCH OF JESUS CHRIST
OF LDS
QUARTZ HILLELEMENTARY
SCHOOL
QUARTZ HILLELEMENTARY
SCHOOL
GILBERT AUTO MALL
www.rivulon.com
N
CHANDLER AIRPORT FACTS & FIGURES
MORE THAN 200,000 INCOMING & OUTGOING
FLIGHTS THIS YEAR (AMONG THE NATION’S
BUSIEST GENERAL AVIATION AIRPORTS)
HOME TO WORLD-CLASS TRAINING INSTITUTIONS
*
*
Zanjero Park
(48 Acres / 618,000 SF)
PARK LUCERO INDUSTRIAL PARK
LOOP 202 BUSINESS PARK
A neighborhood of 2-story buildings ranging in sizes from 80,000 +/- square feet to 120,000 +/- square feet is currently in pre-development. Ideal space for creative/back of�ce.Under Construction; Delivering December 2018
Large �exible �oor plates from 40k-60k SF.
108,008 Cars Per Day108,008 Cars Per Day
ILLUSTRATIVE SITE PLAN *
Under Construction
2 HOTELS(In Escrow)
FUTURE OFFICE
MIXED-USEMIXED-USE MIXED-USE
PROPOSEDINTERCHANGE
Class A of�ce and medical of�ce space available in 2 buildings. Approximately 60,000 RSF in each 2-story building. Completion Date: April 2018111 bldg: 90% leased161 bldg: 50% leased
150,000 SF retailCompletion Date: December 2015100% leased
Class A of�ce space. 4-story, 125,000 RSF building. Completion Date:December 201592% leased
SITE
FULL DIAMOND INTERCHANGEFULL DIAMOND INTERCHANGE
COLL
ISIO
NCE
NTER
13.66 ACRESAVAILABLE
CHANDLER GILBERT
COMMUNITY COLLEGE
COLLISIONCENTER
SITE
NATIONWIDE INVESTORS250 ACRES
RIVULON PLANNED
DEVELOPMENT
Master-planned development to attract top-tier businesses and high wage jobs
PREMIER DEVELOPMENT TO DOUBLE GILBERT'S COMMERCIAL OFFICE REAL ESTATE CAPACITY
To address long-range infrastructure needs and commercial real estate density along Gilbert, Arizona's Central Business District, the community worked with Nationwide Realty Investors, Ltd. (NRI) to authorize a development agreement for a 250-acre-plus exclusive project that will provide more than three million square feet of Class A office Space at the corner of Gilbert Road and the Loop 202 Freeway.
The master plan for the development named "Rivulon", calls for 3.1 million square feet of office space, 500,000 square feet of retail space, at least 250 hotel rooms and will result in more than a $750 million investment. The development will deliver an initial 120,000 square foot, 4-story specu-lative Class A office building while keeping 250,000 square feet of pad-ready office space avail-able at all times.
As part of this agreement, Nationwide will be eligible for up to $35 million in maximum reimburse-ment from site-generated sales taxes for specific public infrastructure improvements that shall not exceed the total amount of revenue generated by the project. Based on an analysis by Ap-plied Economics, the development is estimated to generate $1.4 million per year in sales and bed tax revenues to Gilbert once construction is complete, and approximately $2.6 million per year once the maximum reimbursement is reached.
Currently, Gilbert's inventory for commercial property is roughly 3.3 million square feet. This proj-ect will double Gilbert's office space in a premier location near the 202 Corridor, thereby allowing Gilbert to attract high-wage employers with immediate expansion or relocation needs.
GILBERT, ARIZONA ECONOMIC DEVELOPMENT
The Gilbert Office of Economic Development is committed to attracting, growing and retaining business and industry to the Gilbert community. The Office provides expert site selection services, operational cost analysis, incentive comparisons, workforce studies, and research and information reflective of state and local tax structures.
GILBERT, ARIZONA
Source: Town of Gilbert, Arizona
This month, Chandler received the No. 1 ranking in WalletHub’s national survey of the best places to �nd a job in 2018, capping a year of growth for the city and signalling further investment to come.
The report gave 180 U.S. cities a ranking based on 26 indicators sorted between two primary factors, job market and socioeconomics, with job market weighted more heavily. The report favors cities like Chandler, which offer a job market with employment opportunity, industry variety and job security. Socioeconomic factors such as median income and cost of living are also considered.
Chandler ranked No. 3 in job market and No. 9 in socioeconomics. Four of the top �ve cities in the report were in Arizona.
“We pride ourselves on customer service,” said Chandler Economic Development Director Micah Miranda, referring to the package of advantages that Chandler offers companies interested in moving to the city. Miranda said Chandler’s K-12 education system, low cost of living and opportunities in the technology industry make the city appealing for business development.
Chandler added about 2,000 jobs in 2016, along with nearly $90 million in capital investment, according to Mayor Jay Tibshraeny’s 2017 State of the City address. Tech companies from Intel to Infusionsoft have continued to create jobs and expand their business in Chandler, helping turn the city into a hotbed for innovation and investment.
Intel CEO Brian Krzanich went to the White House in February 2017 to announce a $7 billion extension of its fabrication plant 42 in southeast Chandler. The Fab 42 expansion will reportedly create 3,000 jobs and take advantage of the land available in Chandler away from its downtown area. Construction on the plant began in 2011 but had lain dormant since 2014, when Intel paused work on the plant amid falling computer sales.
Mike Hutchinson, an executive vice president at the East Valley Partnership, called Intel the “poster child” for prospective 2018 job growth in Chandler.
Small business is equally important to Chandler’s growing economy. Local companies like AniCell Biotech, which as an awardee at the 2016 Arizona Innovation Challenge received $250,000 from the Arizona Commerce Authority, can bring desirable jobs in smaller batches.
“Small business job growth has been and will continue to be critically important to the economic vitality of Chandler,” Miranda said. “Early indicators show that 2018 will be no exception.”
The Chandler Innovations incubator is a joint venture supported by the city of Chandler, Arizona State University and NACET, a business development nonpro�t organization. Once accepted into the four-part program, local startups are given access to professionals like Tom Fulcher, the incubator’s entrepreneur in residence, as well as lab and research space.
These resources allow small companies to further develop their business model into one they can pitch to investors. Many of the companies will then enter contests like the Innovation Challenge or Invest Southwest’s Venture Madness competition to earn investment opportunities.
Fulcher points to AniCell’s success to show the potential of small businesses to enhance the local economy when they receive the support they need.
“The expectation is that these companies are going to be a part of the East Valley,” he said. “That they are committed to Chandler, because Chandler is making a commitment to them.”
The incubator model helps turn small business ideas like AniCell’s into new local jobs.
The company expects to at least double its staff of 10 researchers and salespeople in 2018, according to AniCell Biotech CEO Brandon Ames. In addition, Ames expects outside investment around $500,000 into AniCell within the year as the company continues to grow.
“Chandler has always been a right-minded place to live and work,” Ames said. “Their foresight is helping to drive jobs, revenue and tax dollars. It’s almost a self-licking ice cream cone.”
WalletHub names Chandler No. 1 place to get jobBusiness News / WalletHub names Chandler No. 1 place to get job
Above: Aerial view of Overstreet in Chandler.BUSINESS NEWS | 8 Feb | BRENDON KLEEN
Source: https://azbigmedia.com/wallethub-names-chandler-no-1-place-get-job/
Spec office buildings slated for big 250-acre Gilbert development Mar 28, 2017, 1:40pm MST
NATIONWIDE REALTY INVESTORS
A rendering of the Gilbert spec project.
Nationwide Realty Investors has started construction on two new speculative office building at its 250-acre Rivulon development in Gilbert.
The two buildings are 60,000-square-feet and four stories each and are at Nationwide’s Rivulon’s project at Gilbert Road and Loop 202.
Speculative office and commercial building has been stunted in the Phoenix market since the last real estate downturn.
Nationwide Realty Investors President and COO Brian Ellis said the first building recently broke ground and will be done later this year. The second spec building is slated to start construction in the summer and being completed in early 2018.
Fred Darche and John Cerchiai of Lee & Associates are marketing the new building for lease.
Nationwide Realty Investors is also looking to bring a hotel to the project which also include a Mercedes-Benz dealership and a retail center that includes a Sauce Pizza & Wine and Grabbagreen.
Isagenix has moved its corporate headquarters to a 150,000-square-foot office building at the Gilbert development. There is also an LA Fitness at the development.
Nationwide Realty is an arm of Nationwide Mutual Insurance Co.
Mike Sunnucks Senior Reporter Phoenix Business Journal