"With this significant expansion, the Arizona Design Center will provide approximately 198,000 SF of quality space so home-d?cor companies can more effectively showcase their products to the interior designers working in this upscale market. Located at 7350 North Dobson Road in Scottsdale, the building will include a conference center that addresses the designers' and tenants' desire for this type of facility within the design center complex so they can hold educational seminars and industry meetings," said Kurt W. Rosene, Vice President of National Development, The Alter Group.

"We are positioning the Arizona Design Center as an amenity-driven facility and the state's only true destination for high-end home d?cor and furnishings. The second building will increase the Arizona Design Center's credibility, boost traffic to both the existing and new showrooms, and increase the facility's value and resourcefulness to the design trade. Plans call for an update of the lobby/reception area in the initial 142,000 SF building, with the addition of personal services, including a receptionist and WiFi services."

The Alter Group's exclusive agent for the Arizona Design Center is Design Management Company (DMC) (www.dmcnyc.com), represented by Lloyd Princeton and Victor Pedraz. Established in 1999, DMC is a full-service business-management practice devoted to the home furnishings, architecture and interior design industries. With offices in New York and Los Angeles, DMC has a proven success record of helping designers, architects and manufacturers with their business requirements.

"One of the country's largest developments on Native American land to date, the 187-acre Riverwalk Arizona will yield an estimated 2,000,000 SF of corporate office and retail space, and create up to 15,000 new jobs," Rosene said. ?The premium development combines expressway frontage, a campus environment and exceptional amenities in one of Arizona's tightest real estate markets."

The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies. Each offers specialized services, including office and industrial brokerage, healthcare facility development, construction, and property management.

The Alter Group, founded by William A. Alter in 1955, 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 6,700,000 SF of space, worth $758,000,000, 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.