Phoenix, AZ?-- The Alter Group will develop a four-story 130,190 SF office building for The Arizona State Savings & Credit Union (AZSTCU) at the 80-acre Corridors Phoenix business park. Michael J. Alter, President of the Chicago-based national corporate real estate development firm, announced the build-to-suit-for-purchase transaction.
The space, located at 2355 West Pinnacle Peak Road, will support AZSTCU's (www.azstcu.org) administrative headquarters and back-office operations.
Established in 1951, AZSTCU is a non-profit financial cooperative, organized to provide responsive service, convenient access, consumer education and value-driven financial-related products and services to serve more than 125,000 member-owners.
Corridors eventually will contain between 1,000,000 SF and 1,400,000 SF of high-quality office space, combining single- and multi-story office buildings. Located on the southeast corner of I-17 and Pinnacle Peak Road in the fast-growing Deer Valley area, Corridors is just two freeway exits north of the Loop 101 Agua Fria/Pima Freeway, the outer loop road that encircles Phoenix.
Corridors -- Phoenix tenants include The Chubb Group of Insurance Companies, which occupies a 132,089 SF build-to-suit facility; Cox Business Services and NxtPhase Corporation.
The Alter Group's exclusive marketing agent for Corridors is Ashley Brooks, Senior Vice President, CB Richard Ellis. Wally Hale, Principal, The Staubach Company?-- Phoenix, represented the AZSTCU.
The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies. Each offers specialized services, including brokerage, healthcare facility development, construction, and property management. These affiliates include Alter Construction, Alter+Care, EnTrust Realty Advisors and Alter Asset Management.
The Alter Group is a national corporate real estate development firm of office, industrial and healthcare facilities. Additionally, the firm provides comprehensive services in brokerage, construction, investment services, and property and asset management.
Founded by William A. Alter in 1955, The Alter Group has developed close to 100,000,000 SF of speculative projects for its own portfolio and build-to-suit facilities for corporate users. This year, the company has 4,000,000 SF of space, worth $600,000,000, under development in national markets. The firm was recently ranked as # 5 in the National Real Estate Investor survey of America's top office developers.