George Oliver’s new Downtown Chandler project responds to rental push
Phoenix-based developer George oliver completed its latest experiential office transformation, The Alexander in downtown Chandler, as businesses reintroduce employees to the workplace. Located at 25 S. Arizona Pl., The 112,000 square foot office building debuted this month with an increase in rental activity, thanks to a carefully curated equipment package following George’s mission. Oliver to provide the next generation office environment.
âAt The Alexander, we’ve prioritized equipment that will keep employees coming back to the office,â said Curt Kremer, Managing Partner of George Oliver. âThe pandemic has radically changed the way employees and employers view the workplace. With The Alexander, we’re putting the traditional office behind us – replacing it with wellness-inspired programming, collaborative workspaces, and a sense of personal growth you won’t find in other Class A office environments. and which will allow our tenants to benefit from it. of these new demand drivers.
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According to Kremer, today’s employers are increasingly looking for a workplace edge to meet their recruiting and retention needs. Small and medium-sized businesses that don’t have the size to build highly-serviced corporate campuses can achieve this at The Alexander, which functions as a campus with shared facilities and programs. This allows its tenants to be competitive on a larger scale when recruiting employees.
The Alexander amenity package includes a wellness and yoga studio with interactive equipment such as Peloton bikes, iFit treadmills, and NordicTrack rowers. It also includes a Kaleidoscope organic juice and coffee bar with lounge-style seating and chill out areas, a number of outdoor areas designed for private quiet seating and communal meetings, a library for focused tasks, a room pool table for events or employee meetings, a 50- person training center with outdoor seating and a welcome bar, a dog-friendly patio, a mothers room and an on-site concierge to schedule events and manage the daily needs of tenants. The completed transformation can be seen in a recently released version property video.
As part of the transformation and in response to COVID-19, George Oliver improved his renovation plan at The Alexander to include “touchless” accessibility with 10-foot sliding glass entrance doors, gates and motion sensor toilet accessories and touchless drinking fountains. It also upgraded the building’s main HVAC and elevator systems to optimize air quality and functionality.
The Alexander is anchored in a long-term lease to First Credit Union and has secured new long-term commitments from several additional tenants, including 13,417 square feet for neighborhood loans, 7,426 square feet for NOVA Home loans, 4,596 feet square feet for Sandoval Design and Marketing and 2,524 square feet at North & Co. Many other engagements are nearing completion, including strong activity from new technology interests in the market.
âBuildings offering a dynamic work experience like The Alexander attract the lion’s share of tenant attention and are the ones signing the most leases in the market today,â said Ryan Timpani, Managing Director of JLL, who is Alexander’s exclusive rental broker. with Nick Bialkowski, Senior Partner of JLL. “The Alexander adds to this with a distinctive focus on health and wellness that is very unique to George Oliver’s portfolio.”
Adjacent to The Alexander, George Oliver is finalizing renovations to a sister property, The Johnathan, located at 55 N. Arizona Pl. Renovations at the Johnathan, to be completed this summer, include facade improvements, new landscaping and improvements to the hall and toilets. It also includes a set of complementary amenities on the ground floor, including a green room that tenants can use for video and podcast productions, a training room for 35 people, a living room for tenants, a bedroom for mothers and a meditation room. Tenants of The Alexander and The Johnathan will have exclusive access to the amenities of both buildings through a shared access agreement.
Colton Trauter of Lee & Associates is the exclusive leasing broker for The Johnathan.
The Alexander and The Johnathan are part of a growing local portfolio of notable George Oliver projects, including CASA in Phoenix’s Uptown neighborhood, Lofts at The District in North Scottsdale and the transformation of the Hayden Station office in downtown Temple.
To learn more about the redevelopment and rental of The Alexander and The Johnathan, visit www.AlexanderJohnathan.com.