More Awesome > Portfolio Assets in Commercial/Master-Planned Communities in Mesa
Arizona-based real estate investment and development company Harvard Investments has teamed-up with not one but two out-of-state companies with "New York-Values" - Lincoln Property Company (LPC) and GTIS Partners LP (“GTIS”), an international real estate private equity firm headquartered in New Yorkare planning to make capital gains here in real estate at Waypoint and Cadence at Gateway - the focus of strategies for economic development by the City of Mesa's Economic Development Office.
Ground broken on Mesa Riverview Office Project 25 Jan 2015/in News
East Valley Tribune
MESA – On Wednesday, Lincoln Property Management broke ground on the Class A office space in Mesa Riverview, which it announced back in June.
The development, now called Waypoint, is located at 1138 Bass Pro Drive and is scheduled to move in its first tenant, the headquarters of American Traffic Solutions, along with some 500-plus jobs, in November.
“Three years ago, Harvard didn’t have any projects in the city of Mesa,” Craig Krumwiede, president and director at Harvard Investments, said. “We wouldn’t be in Mesa without the city’s commitment to responsible development.”
Krumwiede went on to say that the city’s fast tracking of development permissions and other aid allowed the project to meet the deadline necessary to attract ATS to the site.
Harvard Investments and LPC creating 425KSF offices
With the just-closed, $34.34 million office acquisition of Riverview Point, Harvard Investments and Lincoln Property Company (LPC) will combine new construction with existing buildings to establish a 425,861-square-foot, Class A office campus at the borders of Tempe, Scottsdale and Mesa, Arizona. The new development, branded collectively as Waypoint, will combine Harvard and LPC’s recently delivered Waypoint One Class A office building. Ground will be broken soon for Waypoint Two Class A office building and the existing, two-building Riverview Point portfolio. The result is a four-building business campus situated on 34.53 acres along the Loop 202 and adjacent to Mesa Riverview, a 1.3 million-square-foot retail, hospitality and entertainment complex. “With this activity, we’re establishing an almost half-million-square-foot office destination within one of the Valley’s brightest business corridors,” said Craig Krumwiede, president of Harvard Investments. “It is a tremendous opportunity to create a very strong new portfolio asset in the market.” Developed in 2008, Riverview Point consists of two, two-story office buildings totaling 164,861 square-feet at 1138 and 1146 N. Alma School Rd. in Mesa. The project is 98 percent leased to tenants including Ashton Woods, Mitel Corporation, Udall Shumway PLC and the corporate headquarters for Nextcare. In March, Harvard and LPC will break ground on Waypoint Two, a 152,000-square-foot Class A office building adjacent to Waypoint One at 1130 N. Alma School Rd. in Mesa. Waypoint Two is designed to accommodate single- and multiple-occupancy users. Like Waypoint One, it will provide a “high-tech” aesthetic with clean lines, timeless materials, simple detailing, bright and open lobbies and workspaces and abundant parking.
Harvard Investments and GTIS Partners Announce New Cadence at Gateway Residential Community in Southeast Mesa
A new master-planned residential community in Mesa’s expanding Gateway corridor.
Harvard expects to break ground in January 2016.
We are excited to be part of a unique master-planned community that will bring housing, retail space and job growth to the city of Mesa,” said Robert Vahradian, Senior Managing Director of GTIS Partners. “Our partner and exceptional design team has integrated the homes, landscaping and amenities together in a way that fosters a true sense of community in the neighborhood.”
Accessibility Located near the Loop 202 Santan Freeway, at State Route 24 between Ray and Ellsworth roads, Cadence at Gateway is situated in the center of the East Valley’s growing Gateway corridor. The new community will provide residents access to high tech employers, a multitude of education options and the thriving Phoenix Mesa Gateway Airport. To learn more about Cadence at Gateway visit http://cadenceaz.com.
Contacts
The Ferraro Group Phoenix (for Harvard Investments) Heather Austin, 602-738-9252
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