Your time is limited, so don’t waste it living someone else’s life. –Steve Jobs
Mike Sunnucks Senior Reporter-Phoenix Business Journal
National development firms Nationwide Realty Investors and Hines Interests LP are moving forward with two large-scale development projects in the East Valley.
Nationwide Realty Investors, the development arm of Nationwide Insurance, is developing Rivulon on 250 acres in Gilbert.
NRI President and COO Brian Ellis said $75 million worth of projects are already under construction at the development at Gilbert Road and Loop 202. Ellis said those projects include an L.A. Fitness center, 150,000 square feet of office space for the headquarters of wellness marketing firmIsagenix International LLC and a 125,000-square-foot speculative office building.
Nationwide hopes to develop 3 million square feet of offices and 500,000 square feet of retail at Rivulon.
“We really expect to be a long-term investor in this project,” Ellis said.
He hopes to attract a specialty grocery store and an array of restaurants to the development. He said NRI is in discussions with some grocery stores about locating at the Gilbert project. “It’s still too early to tell who and to name them,” Ellis said.
Columbus, Ohio-based Nationwide bought some of the land for Rivulon from ExxonMobil Corp. (NYSE: XOM).
In Chandler, Hines Interests LP is looking to replace the failed Elevation Chandler with the $150 million Chandler Viridian project. The Houston-based developer will demolish a remaining Elevation Chandler structure on Nov. 20.
The property sits at the southern junction of Loops 101 and 202, across from Chandler Fashion Center.
Hines wants to build a six-story hotel plus 250,000 square feet of office space and retail at Chandler Viridian.
Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues.
A little about me and my expertise – video
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.
View my listings and my profile at:
Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily
Check out my professional profile and connect with me on LinkedIn.
Follow me on Facebook:
Follow me on Twitter:
Follow Me on Google+
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail email@example.com or call me on my cell 520-975-5207 or Office:480-948-5554
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Office : 480-948-5554
View my listings and my profile at:
a little about me and my expertise – video
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
- Investment Real Estate
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.