One of the largest adaptive reuse projects in Arizona held its ribbon-cutting ceremony today. Centrica, a $20 million project located at the northwest corner of Southern and Longmore in Mesa, promises strong demographics, walkable amenities, abundant transportation and a parking ratio rarely found in other parts of the valley.
"This stretch of Southern Avenue is in the heart of the Fiesta District and Centrica is exactly the type of urban development we've had in mind for the area," Mayor John Giles said. "I'm pleased to welcome Phoenix Rising Investments, LLC and wish them the best of success."
Centrica will feature over 100,000 square feet of single story Class A creative office space, more than 700 parking spots and redundant fiber optic backbone connectivity.
"Centrica is a dramatic and transformative example of adaptive reuse changing vacant retail space into a valuable employment center," Vice Mayor Dennis Kavanaugh said.
Phoenix Rising Investments, LLC acquired the property in 2014 and extensively remodeled it. The project adds to the more than $50 million of private and public investments made in the Fiesta District over the last two years.
"Phoenix Rising Investments, LLC has had a great partnership with the City of Mesa creating Centrica, a first class office building that will attract top quality businesses to the Fiesta District," Phoenix Rising Investments Principal Michael Hsiung said. "Centrica has an ideal location in the heart of the southeast valley. It is within walking distance of numerous restaurants, retail and education facilities and is just a twenty minute commute for more than one million residents."
Phoenix Rising Investments is actively recruiting business tenants for Centrica. For more information on the office development, visit www.ProjectCentrica.com.
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Contact: Steve Wright