Centrica Hits The News Big Time

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Centrica signs global banking giant to 10 year deal

Posted November 17, 2015 by AZRE

In one of the largest Arizona real estate transactions of 2015, Centrica, an adaptive reuse project by Phoenix Rising Investments, LLC (PRI) signed a 10-year lease for their entire 117,000 square foot project. Banco Santander’s US Consumer group subsidiary, Santander Consumer USA Holdings, Inc, will move into Centrica in the New Year, netting Mesa’s Fiesta District almost 1,000 new jobs. Banco Santander is a retail and commercial global bank, with a presence in 10 main markets, 102 million customers, and approximately 14,700 branches—more than any other international bank—and 193,000 employees. Santander Consumer USA Holdings, Inc (NYSE: SC, “Santander Consumer USA”) is a publicly traded, full-service, technology-driven consumer finance company, specializing in auto finance and unsecured consumer lending products.

report from AZRE

Fast real estate deal: The City of Mesa made this announcement in June

 

Why? The area’s walkability, mass transit access, abundant freeway accessibility, redundant fiber network, and proximity to a workforce of more than 1.7 million people within a 20-minute drive, make it an ideal location for high-tech and multinational companies such as Santander,” said Michael Hsiung, Principal of Phoenix Rising Investments, LLC the developer and owner of Centrica.

 

How? PRI, along with Legacy Equity Partners, collaborated with an award winning team to develop the back office facility located in the heart of the Southeast Valley, with excellent transportation access, including seven bus stops within a quarter mile and two bus stops within 50 feet of the property.

Who? Willmeng Construction Inc. and Nelsen Partners designed the environmentally conscious state-of-the-art project with abundant parking and redundant fiber optic backbone connectivity.

More than a million people reside within a 10-mile radius of Centrica. With the addition of Centrica, and a $25.3 million investment by the City of Mesa into the Streetscape along Southern Avenue, adjacent to Centrica, The Fiesta District has become a target destination for major companies.