Layton Starts Work on Office Complex in Gilbert, Arizona
Orsett Properties, Ltd. Breaks Ground on Class A Office Space at the Reserve at San Tan
PHOENIX, AZ (February 14, 2018) — Community leaders and other dignitaries gathered on Tuesday, February 13, 2018, for the groundbreaking of phase three of the Reserve at San Tan, located at 343 East Germann Road in Gilbert, Arizona. Building 6 will be developed in two phases and consist of two three-story, Class A multi-tenant office properties measuring a total of 145,000 square feet.
The Reserve at San Tan is a 50-acre office project located east of Gilbert and Germann Roads and is one of the first developments in the area, with a strategic location a quarter mile south of Loop 202. Currently, the Reserve at San Tan consists of approximately 265,000 square feet of office space ideally located in an amenity-rich area with 1.2 million square feet of retail, 40 dining locations, and six hotels, all easily within walking distance or accessible by car.
“Layton Construction is excited to be involved in the construction of this phase of the Reserve at San Tan,” said Andrew Geier, executive vice president for Layton Construction. “Gilbert is a fast developing and growing community and this new Class A office space will be state of the art and very attractive to businesses looking to showcase their brand in the community.”
Property features for Building 6 include first floor built-out creative spec suites, available in a variety of sizes and featuring open ceilings, collaborative design and high-end finishes. The centrally located San Tan Lounge offers a casual environment for tenants and building visitors with conference rooms, free Wi-Fi and a grab-n-go counter. Additional features include prominent frontage on Germann Road, abundant parking with a 5.5:1,000 parking ratio and easy commuter access, including a full diamond interchange at the intersection of Loop 202 and Gilbert and Cooper Roads.
Building 6 is expected to be ready for tenant move-in by fourth quarter 2018. Local real estate owner Orsett Properties is developing the office project, Butler Design Group is behind the architecture services, and Newmark Knight Frank will provide exclusive leasing and marketing services for the property.
About Orsett Properties
Orsett Properties is one of Arizona’s leading developers and operators of office, industrial and retail real estate projects. Established in 1972 in Boston, the company has grown from a small real estate management and development company to a leader in Arizona’s commercial real estate market. In addition to the Reserve at San Tan, Orsett Properties’ portfolio includes premium office, flex and industrial projects in the Phoenix area like 2222 Pinnacle, Baseline Corporate Center, Foothills Corporate Center, Riverpoint Corporate Center and Pinnacle Peak Commerce Center.
About Layton Construction
Layton Construction Company is consistently ranked among the top commercial contractors in the nation, currently the 53rd largest builder on ENR’s Top 400 Commercial Contractors list, with revenues of $1.5 billion annually. Layton specializes in construction management, design-build construction and general contracting. Layton’s construction projects are found throughout the United States, and cover a wide spectrum of industry sectors, including healthcare, hospitality, education, office buildings, manufacturing, warehouse and distribution, sports and entertainment and public safety. Headquartered in Utah, Layton also has regional offices in California, Arizona, Florida, Hawaii, Idaho and Tennessee. For more information, visit www.laytonconstruction.com.
About Butler Design Group
Since its inception in 1996, Butler Design Group has been fortunate to design and complete well over 20 million square feet of office, industrial, retail, and specialty projects. Butler Design Group’s foundation was developed on the principle that as design professionals they wanted to partner with clients/owners and contractors to produce a quality end product through a mutual understanding and respect for each other’s goals; utilizing a cooperative, team-oriented approach that improves the quality, functionality, efficiency and profitability of the process for all involved. Butler Design Group’s commitment to exceptional results and creating value for it’s clients is reflected in their body of work and the reputation they carry in the community.
About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, valuation and advisory services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.