NEW CLASS A OFFICE BUILDING TO RISE IN CHANDLER
San Diego-based Douglas Allred Company plans for the second phase of Allred Park Place with construction of a 92,109 SF, 2-story office building in Chandler. The project, which broke ground at the end of January, is the first speculative office construction to take place in the greater Phoenix area since 3Q 2009. Mark Krison and Scott German of CBRE’s Phoenix office will handle leasing of the Class A office building. The CBRE team also has the marketing assignment for Allred Park Place Phase I, three Class A office buildings totaling 261,860 SF, of which 52,742 SF is available. Balmer Architectural Group of Phoenix is the architect; Willmeng Construction of Mesa is the general contractor. Expected completion is 4Q 2012. Future plans for Allred Park Place include construction of several additional office buildings, which will eventually exceed 1 MSF.