THISTLE LANDING OFFICE PARKpdf.leeazmail.com/pdfs/office/Packages/Thistle Landing Offering.pdf · Thistle Landing Office Park is located approximately 12 miles southeast of Downtown

THISTLE LANDING OFFICE PARK4801, 4805 & 4811 E. Thistle Landing Drive, Phoenix, Arizona282,503 SF Office Park Investment OpportunityOffering Price: Submit

ANDREW CHENEY, CCIM, [email protected]

BILL BLAKE, [email protected]

PATRICK [email protected]

JAN [email protected]

KYRENE UNIFIED SCHOOL DISTRICT

48TH STREET

THISTLE LANDING DRIVE

THISTLE LANDING OFFICE PARK 4801, 4805, 4811 E. THISTLE LANDING DR. | PHOENIX, ARIZONA

EXCUSIVELY OFFERED BY

Jan P. Fincham

Principal

[email protected]

602-692-7623 mobile

Patrick A. Dempsey

Principal

[email protected]

602-509-0980 mobile

William A. Blake

Principal

[email protected]

602-694-3964 mobile

Andrew S. Cheney

Principal

[email protected]

602-488-4000 mobile

Lee & Associates

3200 E. Camelback Road, Suite 100

Phoenix, Arizona 85018

602-956-7777 main

602-954-0510 fax



C o n f i d e n t i a l i t y a n d C o n d i t i o n s The information contained in this Offering Memorandum (“Offering”) is confidential, furnished solely for the purpose of a review by a prospective purchaser of Thistle Landing Office Park, 4801, 4805 and 4811 E. Thistle Landing Dr., Phoenix, Arizona (the “Property”), and is not to be used for any other purpose or made available to any other person without the express written consent of Lee & Associates (the “Broker”). The material is based in part upon information supplied by the Owner, and in part upon information obtained by the Broker from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only outlines of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by the Owner, the Broker, or any affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. Prospective purchasers should make their own projections and conclusions without reliance upon the material contained herein and conduct their own independent due diligence, to determine the condition of the Property and the existence of any potentially hazardous material used in the construction or maintenance of the building or located at the site. This Offering Memorandum was prepared by the Broker and has been reviewed by the Owner. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors beyond control and, therefore, are subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In this Offering Memorandum, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents. This Offering Memorandum is subject to prior sale, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the property by the Broker or the Owner. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.


Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner and any conditions to the Owner’s obligations thereunder have been satisfied or waived. The Brokers are not authorized to make any representations or agreements on behalf of the Owner. This Offering Memorandum is the property of the Broker and may be used only by parties approved by the Broker and the Owner. The Property is privately offered and, by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it to Lee & Associates immediately upon request of Lee & Associates or the Owner and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Lee & Associates and the Owner. The terms and conditions set forth above apply to this Offering Memorandum in its entirety.


T a b l e o f C o n t e n t s

Executive Summary

Offering Terms

Investment Information

Overview

Improvements

Rent Roll

Site Plan

Tenant Profiles

Argus

Proforma

Property Information

Property Location Map

Plat Map

Aerial View

Amenities Map

Market Information

Greater Phoenix Overview

Chandler/N. Gilbert Industrial Market

Exclusively Listed By:

Jan P. Fincham Principal 602-954-3754 [email protected]

Patrick A. Dempsey Principal 602-954-3772 [email protected]

William A. Blake Principal 602-954.3761 [email protected]

Andrew S. Cheney Principal 602-954.3769 [email protected] 3200 E. Camelback Road, Suite 100 Phoenix, Arizona 85018 p 602-956-7777 f 602-954-0510

www.leearizona.com


E x e c u t i v e S u m m a r y

PROPERTY ADDRESS: 4801, 4805, 4811 E. Thistle Landing Dr., Phoenix, AZ 85044

YEAR BUILT: 1998/1999

RENTABLE AREA: 4801 Building: 90,944 SF 4805 Building: 101,006 SF

4811 Building: 90,553 SF Approx. Total: 282,503 SF

SITE AREA: 28.114 Acres (1,224,630.61 SF)

NET OPERATING INCOME (EST.): $3,149,875

PRICE: Unpriced

OCCUPANCY: 91.04%%

TENANTS INCLUDE: Dish Network 74,550 SF Check Free Corp (now Fiserv) 101,006 SF

Verengo 16,003 SF SXC Health Systems 65,645 SF

ZONING: CP/GCP – City of Phoenix

PARKING (TOTAL SITE): 1,725 total spaces (6/1000)

DEMOGRAPHICS: 2012 5-mile population 159,143 2012 5-mile Med Home Value $180,882

BUILDING FEATURES: » Single story, office park located in upscale Ahwatukee suburb. » Close to Sky Harbor Int. Airport, ASU and freeway system. » Situated along I-10 corridor. » Strong area amenities: 66 restaurants and 11 hotels


O f f e r i n g T e r m s INVESTMENT SUMMARY

Lee & Associates Arizona, as exclusive agent for the Seller, is pleased to present the

opportunity to acquire the 100% fee simple interest in Thistle Landing Office Park.

The subject property consists of three single-story office buildings totaling 282,503

square feet and is currently 91% occupied. The property benefits from its proximity

to the I-10 freeway, Ahwatukee suburb of Greater Phoenix and strong area

amenities.

Thistle Landing Office Park is located approximately 12 miles southeast of Downtown

Phoenix in the South Tempe / Ahwatukee office submarket areas in the United

States. Thistle Landing is located just south of South Mountain Park and the

Ahwatukee Foothills retail areas and benefits from the extensive amenities in the

area that include 66 restaurants and 11 hotels.

PRICING

The offering for Thistle Landing Office Park is un-priced and investors are encouraged to submit offers. Investors can purchase Thistle

Landing on an all cash basis and take advantage of current attractive low interest financing available in the market.

OFFERING TERMS

The property is available for immediate purchase upon receipt of acceptable terms to the Seller.


I n v e s t m e n t H i g h l i g h t s

EXCELLENT INTRINSIC BUY

Thistle Landing Office Park is a quality property and provides an investor the opportunity to purchase a stable office property with upside potential

Abundant parking at 6/1000

Property not subject to any debt – investor can purchase all-cash

Strong credit tenancy

2% annual income growth

QUALITY CONSTRUCTION

1998/1999 tilt-concrete construction

Attractive architecture and design

Professional image

EXCELLENT FREEWAY LOCATION

Robust location with frontage on I-10 Freeway

Close proximity to Sky Harbor, ASU and entire Freeway System


P h o t o C o l l a g e


O v e r v i e w

Thistle Landing Office Park is a successful, office property consisting of three buildings

totaling 282,503 rentable square feet. The property is currently leased to two national

and four regional tenants and is currently is 91% occupied. The property is located at

4801, 4805 and 4811 E. Thistle Landing Ave., Phoenix, Arizona and is visible from the I-

10 Freeway.

The outstanding building features are very desirable to tenants in the market today –

excellent freeway access; up to 6/1000 square foot parking ratio. The building was

constructed in 1998 and 1999 and has an attractive concrete-tilt construction with glass

exterior.

PROPERTY INFORMATION Address: 4801, 4805 & 4811 E. Thistle Landing Ave., Phoenix, Arizona 85044

Parcel No.: 301-84-763, 764, 765

Rentable Area: Approx. 282,503 square feet

Site Area: 28.114 Acres (1,224,631 SF)

Zoning: CP/GCP, City of Phoenix


Improvements Description BUILDINGS Three (3) single-story buildings. FOUNDATION/FLOOR Concrete Slab-on grade FRAME Load Bearing, reinforced, precast, concrete, tilt-up, exterior wall panels and interior steel columns CONSTRUCTION Masonry, steel. EXTERIOR WALLS Brick veneer, concrete tilt-up wall panels, and spandrel glass curtain walls separated by brick columns. WINDOWS Double-pane solar glass. ROOF Load Bearing, reinforced, precast, concrete, tilt-up. DOORS Exterior doors are either single or double glass in aluminum frames. FLOORS Concrete slab

SPRINKLERS Wet-pipe sprinklers system, portable fire extinguishers, smoke detectors, pull stations, and alarms. A central fire alarm panel automatically notifies monitoring service and fire department. HVAC Central plant with water cooled chillers and outdoor tower. Air distribution provided by overhead ducts SITE IMPROVEMENTS Site improvements consist of asphalt and concrete paved surface parking totaling 1,740 spaces or 6.2 spaces per 1,000 square feet, which is above average for the area. TENANT IMPROVEMENTS The standard tenant improvements include wall partitions, carpeting, painted walls, suspended acoustical ceilings and hollow core wood doors. Common areas feature upscale coverings. ACCESS AND VISIBILITY Vehicular access to the property is available via curb cuts for Thistle Landing Drive, 48th Street and 50th Street through the parking lot of 4809 Thistle Landing Drive. Thistle Landing Drive is an east/west, 70 foot wide street that provides two lanes in each direction and is improved with asphalt paving, concrete curbs, gutters and sidewalks and lighting. On the west, 48th Street is a north/south 110 food wide commercial arterial in the neighborhood. Freeway access is nearby and convenient with I-10 Freeway just to the east of the property.


R e n t R o l l As of November 21, 2013

Lease Type Tenant Start Date

End Date

RTL/SF Annual Rent

Annual PSF

Rent Increases ($/SF)

Comments/Options

Occupied

CheckFree Corporation

(now Fiserv)

11/1/99 10/31/15 101,006 $1,388,832 $13.75 05/01/14 $14.25 05/01/15 $14.75

Verengo 4/1/12 8/31/17 16,003 $200,028 $9.00 09/01/13 $12.50 09/01/14 $13.00 09/01/15 $13.50 09/01/16 $14.00

SXC Health Solutions 3/1/12 8/31/19 65,645 $754,908 $11.00 09/01/13 $11.50 09/01/14 $12.00 09/01/15 $12.50 09/01/16 $13.00 09/01/17 $13.50 09/01/18 $14.00

Dish Network, LLC 3/1/13 2/28/19 74,550 $875,952 09/01/13 $11.75 01/01/14 $11.75 03/01/14 $12.10 03/01/15 $12.47 03/01/16 $12.84 03/01/17 $13.22 03/01/18 $13.62

Total Occupied 257,204 $3,219,770

Vacant

Vacant 25,299

Total Vacant 25,299

Occupied 91.04% 257,204

Vacant 8.96% 25,299

Total 282,503

Total Annual Rental Income $3,219,770


S i t e P l a n


T e n a n t P r o f i l e s

CHECKFREE CORPORATION (NOW FISERV) Fiserv, Inc. (NASDAQ: FISV) is a leading global provider of information management and electronic commerce systems for the financial services

industry, providing integrated technology and services that create value and results for our clients. Fiserv drives innovations that transform

experiences for more than 16,000 clients worldwide, including banks, credit unions and thrifts, billers, mortgage lenders and leasing companies,

brokerage and investment firms and other business clients.

VERENGO Verengo Solar is one of a select group of distributors who can offer the highest efficiency solar panels on the market. We offer panels

manufactured by companies such as Sanyo, Schüco, Suntech, and YingLi. Verengo Solar can tailor a solar panel installation to your specific needs

and lifestyle, so you get maximum performance without a maximum investment.

SXC HEALTH SOLUTIONS SXC Health Solutions is a technology enabled PBM company offering clients the tools, technology, and portfolio of solutions to: 1) effectively manage pharmacy spend and 2) provide patients better health care. To be recognized as the premier pharmaceutical cost-management partner. Healthcare payers choose SXC because of our expertise, our passion for taking care of clients and our reputation for transforming innovative ideas into real world answers that speed client healthcare agendas forward.

DISH NETWORK, LLC Provides satellite TV to approximately 14 million subscribers. They offer the best programming at the best value, Dish leads the pay-TV industry in state-of-the-art equipment and technology. They also provide the most HD and international programming in the U.S. Their revenues surpassed $14 billion in 2011. Publicly traded on the NASDAQ Exchange, ticker symbol DISH. Dish Employs more than 25,000 people in the U.S. Their Headquartered are in Englewood, Colo. Dish Netowrk purchased Blockbuster L.L.C. in 2011.


A r g u s

Property Information Present Value & Yield

Property Name Thistle Landing Unleveraged Present Value $40,164,158

Property Type Office/Industrial Leveraged Present Value -

Property Size 282,503 SqFt Calculated Resale $44,678,259

Average Occupancy 91.04% Unleveraged IRR 43.44%

Leveraged IRR -

Top 5 Tenants Term Eff. Rent Market Rent Direct Cap Value -

Check Free Corp* 20-Oct $13.50 $11.50

Dish Network 19-

Feb $15.29 $11.50 Cap Rate Matrix - Unleveraged

SXC Health Solutions 19-

Aug $14.12 $11.50 Cap Rates PV

@0.00% PV @0.00% PV @0.00%

Vacant 19-

Dec $9.48 $0.00

Verengo 17-

Aug $16.16 $11.50

Cash Flow Before Debt Service

Cash Flow & Returns

Cash to Purchase Price 23.33%

NOI to Book Value 23.33%

Cash to Initial Equity -

Summary Cash Flow (Year 1) $Amount $/SqFt

Potential Gross Revenue $3,951,036 $13.99

Effective Gross Revenue 3,951,036 13.99

Operating Expenses (801,366) (2.84)

Net Operating Income 3,149,670 11.15

Cash Flow Before Debt $3,149,670 $11.15


A r g u s

Schedule Of Prospective Cash Flow

In Inflated Dollars for the Fiscal Year Beginning 1/1/2014

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

For the Years Ending Dec-2014 Dec-2015 Dec-2016 Dec-2017 Dec-2018 Dec-2019

___________ ___________ ___________ ___________ ___________ ___________

Potential Gross Revenue Base Rental Revenue $3,221,433 $3,584,715 $3,703,626 $3,814,809 $3,916,340 $4,016,372

___________ ___________ ___________ ___________ ___________ ___________

Scheduled Base Rental Revenue 3,221,433 3,584,715 3,703,626 3,814,809 3,916,340 4,016,372

CPI & Other Adjustment Revenue

5,566 11,243 18,414 28,487

Expense Reimbursement Revenue Real Estate Taxes 338,364 379,078 386,660 394,393 402,280 410,326

Insurance 50,061 56,084 57,207 58,350 59,518 60,708

Utilities 78,559 88,013 89,771 91,568 93,399 95,268

Cleaning 12,792 14,331 14,617 14,911 15,209 15,513

Landscape Services 108,371 121,411 123,838 126,316 128,842 131,419

Security/Life Safety 10,716 12,004 12,245 12,488 12,740 12,994

Ground & Lot 15,722 17,613 17,966 18,325 18,692 19,065

General Building 25,088 28,106 28,669 29,243 29,828 30,425

Management 89,930 110,292 113,850 117,223 120,391 123,605

___________ ___________ ___________ ___________ ___________ ___________

Total Reimbursement Revenue 729,603 826,932 844,823 862,817 880,899 899,323

___________ ___________ ___________ ___________ ___________ ___________

Total Potential Gross Revenue 3,951,036 4,411,647 4,554,015 4,688,869 4,815,653 4,944,182

General Vacancy

(220,582) (227,701) (234,443) (240,783) (247,209)

___________ ___________ ___________ ___________ ___________ ___________

Effective Gross Revenue 3,951,036 4,191,065 4,326,314 4,454,426 4,574,870 4,696,973

___________ ___________ ___________ ___________ ___________ ___________


Schedule Of Prospective Cash Flow

In Inflated Dollars for the Fiscal Year Beginning 1/1/2014

Operating Expenses Real Estate Taxes 371,645 379,078 386,659 394,393 402,281 410,326

Insurance 54,985 56,085 57,206 58,351 59,518 60,708

Utilities 86,287 88,013 89,773 91,568 93,400 95,268

Cleaning 14,050 14,331 14,618 14,910 15,208 15,512

Landscape Services 119,030 121,411 123,839 126,316 128,842 131,419

Security/Life Safety 11,769 12,004 12,244 12,489 12,739 12,994

Ground & Lot 17,268 17,613 17,966 18,325 18,691 19,065

General Building 27,556 28,107 28,669 29,243 29,828 30,424

Management 98,776 110,291 113,850 117,222 120,391 123,605

___________ ___________ ___________ ___________ ___________ ___________

Total Operating Expenses 801,366 826,933 844,824 862,817 880,898 899,321

___________ ___________ ___________ ___________ ___________ ___________

Net Operating Income 3,149,670 3,364,132 3,481,490 3,591,609 3,693,972 3,797,652

___________ ___________ ___________ ___________ ___________ ___________

Leasing & Capital Costs Tenant Improvements

505,980

84,913

773,933

Leasing Commissions

104,358

31,049

294,176

___________ ___________ ___________ ___________ ___________ ___________

Total Leasing & Capital Costs

610,338

115,962

1,068,109

___________ ___________ ___________ ___________ ___________ ___________

Cash Flow Before Debt Service $3,149,670 $2,753,794 $3,481,490 $3,475,647 $3,693,972 $2,729,543

& Taxes =========== =========== =========== =========== =========== ===========


P r o f o r m a 12-Month Static Proforma EOY 12/2014 (Projected)

Current Stabilized

Scheduled Base Rental Revenue(including increases) $3,221,433 $3,584,715

Available Space (9%) : 25,299 SF @ $11.00/SF 278,289

Reimbursement Revenue $729,603 826,932

Total Potential Gross Revenue $4,229,325 4,411,647

General Vacancy (9%)

<$278,289> 220,582

Effective Gross Income $3,951,036 $4,191,065

Operating Expenses

Property Taxes (est.) 371,645 379,078

Insurance 54,985 56,085

Utilities 86,287 88,013

Cleaning 14,050 14,331

Landscape 119,030 121,411

Security/Life Safety 11,769 12,004

Ground & Lot 17,268 17,613

General Building 27,556 28,107

Management(2.5%)and wages 99,125 110,291

Total Operating Expenses <$801,715> <$826,933

Net Operating Income $3,149,321 $3,364,132

* Current occupancy is 91.04%; yr 1-no additional vacancy * Proforma considers property occupied at 100% less 5% economic vacancy 2015. Scheduled base revenue growth is from scheduled tenant rental increases.


P r o p e r t y L o c a t i o n


A e r i a l V i e w


A m e n i t i e s M a p


T r a d e A r e a m a p


G r e a t e r P h o e n i x O v e r v i e w Located in the northeastern reaches of the Sonoran Desert, the City of Phoenix is the largest city in Arizona and the sixth largest city in the nation. The Phoenix economy is vibrant and strong, attracting many new businesses and people, and making Phoenix the anchor of a

metropolitan area that has grown incredibly in the last fifteen years. Its population is projected to grow at more than twice the national rate for the next couple of decades. The City of Phoenix is served by Interstate 10 which leads into Phoenix from Los Angeles, and continues southeast through the city and on to Tucson and El Paso and Interstate 17 which provides a north/south route through the city and is a key industrial corridor. Phoenix has also developed an extensive urban freeway network that includes approximately 155 miles of roadway that greatly enhances accessibility within the urban area. The major components of the system include Loop 101 that encircles the City of Phoenix, and Loop 202 that provides a route from Downtown around the perimeter of the southeast part of the metro area. Phoenix has a large and diverse economy. Transportation, wholesale trade, high-technology manufacturing, back-office insurance and financial operations, and tourism are all drivers of the economy. Employment has increased over 100 percent in the

Greater Phoenix area over the past 20 years, resulting in a large and diverse labor pool. Phoenix is also projected to be the 2nd largest “job engine” in the U.S. through 2025, according to Newsweek Magazine. Increases in employment are largely due to the area’s exceptional quality of life, which attracts people and companies from around the world. The cost of living index for Phoenix is only 88 (U.S. average is 100), an especially interesting score given that the cost of living tends to increase proportionally with population size. The low cost of housing accounts for most of the lower overall cost of living score. The Phoenix region boasts almost 300 days of sunshine annually, low humidity and very mild winters. In addition to hiking, camping and boating, sports enthusiasts can enjoy one of the most complete lineups of major league teams found in any city, including teams in all four major professional sports leagues. The city also has more than 200 golf courses and over 1,000 tennis courts. From the Super Bowl to Cactus League Spring Training to NASCAR, The Fiesta Bowl and the PGA Tour, the nation’s sixth largest city plays host to some of the biggest sporting events in the world. Greater Phoenix hosted Super Bowl XXX on Jan. 28, 1996, Super Bowl XLII on Feb. 3, 2008 and will host Super Bowl XILX in 2015.


Phoenix has more than 40 museums and more than 150 art galleries and is home to both the world-famous Heard Museum and Frank Lloyd Wright’s Taliesin West. Comerica Theater, The Orpheum in Downtown Phoenix and Gammage Auditorium in Tempe have been playing to packed houses and have attracted major touring performances.

More than 277,000 students are enrolled in institutions of higher learning in Phoenix, including Arizona State University (ASU), University of Phoenix, six other private universities and 10 community colleges. ASU’s W.P. Carey School of Business is ranked in the top 10 percent of undergraduate business programs in the nation.

Phoenix is the headquarters for US Airways and a major hub for Southwest Airlines. Phoenix Sky Harbor International Airport provides non-stop service to 108 domestic and international destinations with over 1,400 daily flights. Sky Harbor serves more than 40 million passengers that fly in and out of the airport and is

ranked as one of the 10 busiest airports in the U.S. The Valley’s 20-mile light rail system offers riders a speedy link between the cities of Phoenix, Tempe and Mesa and plays an integral part of a comprehensive valley wide transit system. The light

rail system transports 42,000 passengers daily in the Metropolitan Phoenix area and is increasing by 20% per month.

In 2009, Phoenix was awarded the prestigious All-America City award for the fifth time. The All-American City award is the oldest community recognition program in the nation and recognizes communities whose citizen’s work together to identify and tackle community-wide challenges to achieve uncommon results. GREATER PHOENIX WORKFORCE The Greater Phoenix population is young, rapidly growing, diverse and educated. They are the reason many companies have chosen to relocate to the region. Our low cost of living keeps wages competitive when compared to cities with similar workforce characteristics. With a population of 4.33 million and a workforce of 2 million, Greater Phoenix consistently outpaces the U.S. in employment growth over the last six decades. Plus, the region is home to a myriad of education institutions that continue to provide a valuable talent pipeline, including Arizona State University, Grand Canyon University, Maricopa Community Colleges and the University of Phoenix.


GREATER PHOENIX DEMOGRAPHICS AND TRENDS

Phoenix, the sixth-largest city in the U.S. with a population of 1.4 million, is the social and political heart of Arizona. The term Greater Phoenix refers to this famous capital city plus 18 other vibrant communities, including Scottsdale, Tempe, Glendale

and more. Greater Phoenix boasts a population of 4.33 million and is among the nation’s fastest-growing regions. More quick facts: More than 15 million people visit Phoenix each year.

By 2030, the population in Greater Phoenix will likely reach 6.3 million.

Greater Phoenix consistently ranks among the nation’s top cities in the number of Five Diamond and Four Diamond and Five Star and Four Star resorts.

Phoenix is one of only 13 U.S. cities with franchises in all four major professional sports leagues: Phoenix Suns (NBA), Arizona Diamondbacks (MLB), Arizona Cardinals (NFL) and Phoenix Coyotes (NHL).

The average age of a Phoenician is 33.7, making Greater Phoenix the country's third youngest metro with more than 2 million residents. Fifty-four percent of residents are between 20 and 59, while another 30 percent are under 18, according to the 2009 census.

With 110 spoken languages – the third highest of any U.S. region – Greater Phoenix is clearly a diverse environment. Arizona has deep Hispanic and Native American influences, which have led to a wide-range of activities, foods, neighborhoods, events and backgrounds. Nearly a third of people in Maricopa County (home to Greater Phoenix) consider themselves Hispanic.

Phoenix Metro Snapshot (2012) Estimate

2012 Est. Population 4,329,534

2015 Est. Population 5,021,248

2000 Census Population 3,251,876

1990 Census Population 2,238,498

Growth 1990 - 2010 45.3%

Growth 2000 - 2010 28.9%

2012 Median Age 34.7

2010 Median Age 34.6

2010 Est. Households 1,586,897

2015 Projected Households 1,781,751

2010 Median Household Income $50,385


LEADING EMPLOYERS IN GREATER PHOENIX As the eighth-fastest growing state in the nation, Arizona attracts new companies every day. With our accessible location, pro-business environment, high quality of life, and talented workforce, it's easy to see why. In the past Greater Phoenix and Arizona have proved especially desirable to:

Aerospace companies Bioscience companies Data centers High tech companies Nanotechnology companies And more

Phoenix Metro Top Employers - Phoenix MSA 2012

Company Employees Industry

Wal-Mart Stores Inc. 31,637 Retail

Banner Health 28,993 Health Care

Wells Fargo & Co. 13,000 Financial Services

Honeywell International Inc. 12,000 Aerospace

Bashas' Supermarkets 10,000 Grocery

Apollo Group 10,000 Education

Intel Corp. 10,000 Semiconductor

US Airways 9,000 Airline

Target 9,000 Retail

Freeport McMoRan 8,000 Mining

JP Morgan Chase & Co. 7,000 Financial Services

American Express 7,000 Financial Services

Dignity Health 7,000 Health Care

Scottsdale Healthcare 6,000 Health Care Pinnacle West Capital Corp. 6,000 Electric Utility

Companies like AT&T, Bank of America, Boeing, Honeywell International and US Airways have been operating in Greater Phoenix for years. Below is a list of other Fortune 500/1000 companies who have chosen to move to Greater Phoenix:

Amkor Technology Microelectronics

Apollo Group, Inc. Microchip Technology

Avnet Inc. Morgan Stanley

Charles Schwab Motorola

CSK Auto Inc. ON Semiconductor

Freeport-McMoRan Copper & Gold PetSmart

Freescale Semiconductor Pulte Homes

General Dynamics Qwest Communications

Google Raytheon

Insight Republic Services

Lockheed Martin RSC Holdings

IBM Southwest Airlines

Intel United Technologies

JP Morgan Chase USAA

Mayo Clinic Verizon Communications

Medtronic Wells Fargo

Pinnacle West Capital


GREATER PHOENIX TRANSPORTATION – A STRATEGIC SOUTHWEST LOCATION

Modern infrastructure, strategic transportation investments and a network of highways connecting Arizona to Southwestern markets such as California and New Mexico are part of what makes Greater

Phoenix an excellent location for business growth. Benefits of Greater Phoenix transportation include:

Easy commutes for the region’s abundant labor force

Quick and direct access to Southern California, New Mexico and other important Southwest markets

International airport service

Interstate highway and rail passage to cities across the United States

Greater Phoenix is home to:

14 airports, including Phoenix Sky Harbor International Airport, which ranks 9th in the world for takeoffs and landings, and Phoenix-Mesa Gateway Airport, offering non-stop passenger service to 15 cities via Allegiant Air

A growing METRO light rail system that has over 1.5 million riders per month with about 45,000 – 50,000 boarding’s per day.

Valley Metro, the region’s public transportation system

Rail terminals, with trailer and container capabilities, operated by Union Pacific and Burlington Northern Santa Fe Railroad

A sophisticated highway system, including interstate routes that stretch to Los Angeles, San Diego, the Midwest, Mexico and more

Airlines serving Greater Phoenix:

Aeromexico Hawaiian Airlines

Air Canada JetBlue

Air Tran Airways Midwest Airlines

Alaska Airlines Southwest

American Sun Country

American Eagle United Express

British Airways United Airlines

Continental US Airways

Delta US Airways Express

Frontier WestJet

Great Lakes Airlines

http://phoenix.gov/AVIATION/index.html

http://www.phxmesagateway.org/

http://www.valleymetro.org/metro_light_rail

http://www.valleymetro.org/

http://www.up.com/

http://www.bnsf.com/

http://www.aeromexico.com/

http://www.hawaiianair.com/

http://www.aircanada.ca/

http://www.jetblue.com/

http://www.airtran.com/

http://www.midwestairlines.com/

http://www.alaskaair.com/

http://www.southwest.com/

http://www.aa.com/

http://www.suncountry.com/

http://www.ata.com/

http://www.flyted.com/

http://www.british-airways.com/

http://www.ual.com/

http://www.continental.com/

http://www.usairways.com/

http://www.delta-air.com/

http://www.westjet.com/

http://www.greatlakesav.com/

SUPERSTITION SPRINGS BUSINESS PARK 7307 & 7427 E. HAMPTON AVENUE | MESA, ARIZONA

C h a n d l e r / N . G i l b e r t O f f i c e M a r k e t M a p



Documents

THISTLE LANDING OFFICE PARKpdf.leeazmail.com/pdfs/office/Packages/Thistle Landing Offering.pdf · Thistle Landing Office Park is located approximately 12 miles southeast of Downtown