Exactly eight months from its groundbreaking celebration, Lincoln Property Company (LPC) and Harvard Investments have placed the final beam at Union Building One - the first of four Class A office buildings planned at the confluence of Mesa, Tempe andScottsdale. When complete, the project will bring a new, 1.35 million-square-foot corporate hub to the heart of Mesa Riverview.
The developers were joined today by Mesa Mayor John Giles and Vice Mayor Mark Freeman for a beam signing event, marking completion of the steel structure at Union Building One and its quick progression toward a November 2020 completion.
"Lincoln Property Company and Harvard Investments have a solid track record of building excellent Class A office space in Mesa," said City of Mesa Mayor John Giles. "Mesa's Riverview District has grown into an epicenter of shopping, food, entertainment and jobs with easy access to freeways and neighborhoods. I look forward to watching Union evolve as an employment centerpiece for the District and our residents."
"It is exciting to see Union become one step closer to completion," said City of Mesa Vice Mayor and District 1 Councilmember Mark Freeman. "This is an important project for the City and the District, and it shows the City of Mesa's commitment to economic development and creating high quality projects that will help to increase the quality of life in our community."
When completed, Building One will total 238,348 square feet in four stories, with an adjacent four-level parking structure. Like all of the buildings at Union, Building One will deliver a creative office environment with a modern glass exterior, an active first floor, large office floorplates with high ceilings, outdoor balconies and 10-foot vision glass providing sweeping views of the surrounding city, mountains and adjacent Riverview Park and Lake.
Adding to the creative office vision, Union will be peppered with custom artwork ranging from commissioned wooden furniture and lighted glass art in the lobby to parking deck stair towers painted by local artisans.
"We have a clear vision for Union, and our development team has worked hard to keep that vision on track during a very unique time," said Lincoln Property Company Executive Vice President David Krumwiede. "Revised protocols and strategic additions to our amenity package - such as touchless features and ionizing air purifiers - will ensure that Union is even more creative and relevant in a 'new normal' work environment."
"Union is a collective achievement that wouldn't be possible without the support of Mayor John Giles and the entire Mesa City Council," said Harvard Investments President and CEO Craig Krumwiede. "We're so appreciative of their support, their trust and their presence as we raise the final beam at our first Union building."
Building One is located on the northeast corner of the Union project, a 28.2 acre site offering direct frontage to the Loop 202 and monument signage seen by approximately 160,000 cars per day. It is accessible by two freeway interchanges, at the Loop 202 at Dobson Road and the Loop 101 at Rio Salado Parkway.
The building will connect to a larger built environment that is packed with indoor-outdoor areas enhanced with water features. These amenities will be linked by the Rio Salado Pathway to encourage connectivity with the Union campus and with Mesa's mixed-use Riverview district, which offers 1.2 million square feet of retail, restaurants and hotels (including the Sheraton Mesa and Hyatt Place).
Union also sits within walking distance to Riverview Park and Lake. It is two miles from Arizona State University's main Tempe campus and 10 minutes from Sky Harbor International Airport.
Tenants at Building One will be served by 1,344 parking spots (1,029 within the parking structure and 315 surface), creating a 6/1,000 parking ratio. Future buildings will range from four to eight stories and from 232,000 to 450,000 square feet, and will have similar parking support.
DAVIS is the project architect at Union. Wespac is the general contractor. Lincoln Property Company will serve as the project's leasing agent and property manager.
To discuss development, investment, leasing or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.
About Lincoln Property Company
Lincoln Property Company (LPC) is an international full service real estate firm offering real estate investment, development, design/construction management, leasing and property management/ receivership/asset management services. LPC has approximately 8,000 employees with an international footprint that includes offices in 45 cities across the U.S. and six cities in Europe and South America. Since 1965, LPC has developed more than 128 million square feet of office, industrial and retail projects known for their design, quality and superior locations. It currently has more than 403 million square feet of commercial space under leasing and/or management. Lincoln is also one of the nation's largest apartment developers, having developed more than 209,000 multifamily units and currently managing more than 165,000 multifamily units.
LPC's Desert West Region, which includes Arizona, Nevada, Utah and New Mexico, is based in Phoenix and has been operating since 2001. In that time, the regional office has developed almost 6 million square feet, acquired more than 10 million square feet and manages approximately 10 million square feet of commercial space, including major, award-winning and LEED Certified developments and investments. In 2019, the company reached new benchmarks, completing two of the highest-priced metro Phoenix office and industrial transactions with the sale of the Waypoint office campus and the sale of Lincoln Logistics 40 to Nike, as well as launching the Union office campus in Mesa, new buildings at The Grand at Papago Park Center in Tempe and the Park303 industrial/e-commerce park in Glendale. It is consistently ranked among Phoenix's top commercial real estate firms for both development and property management, including its latest recognition as the NAIOP Arizona 2018 Owner/Developer of the Year and recent designation as an Arizona Republic Top Companies to Work for in Arizona. To learn more about Lincoln Property Company, please visit www.lpc.com or www.lpcphx.com.
About Harvard Investments
Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the western United States. Harvard combines experience, integrity, and financial stability to create high quality, environmentally sensitive, profitable communities. Harvard's Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies have been under continuous family ownership and operation since 1903. To learn more visit http://www.harvardinvestments.com/.
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