Harrison Properties to Construct 80,000 SF Office Building in Chandler

CHANDLER, Ariz. - March 7, 2016 - PRLog -- Chandler Elliot Partners, LLC, an investment partnership headed by Jim Harrison of Harrison Properties, has purchased a 12.8-acre commercial land site at the SEC of Arizona Ave. and Elliot Rd. in Chandler for the construction and development of an 80,000 SF office building preleased to the Arizona Department of Economic Security (DES).

The all-cash transaction totalled $3,647,692. Escrow closed on February 26, 2016.

Lee & Associates Principal Rick Robertson represented both Harrison Properties and the seller, Pollack Business Park South LLC, an investment partnership headed by prominent East Valley real estate developer, Michael A. Pollack. The property consists of lots 1-9 of Pollack Business Park South.

The new concrete tilt construction building will feature 550-car parking and was a fast track design/build project by Sun State Builders.

Site work on the fully-improved, (I-1, PAD-zoned) parcel has already begun. DES has signed a long-term lease and it is anticipated that 400 employees will work in the new building when construction is completed in August 2016.

For more information:

RICK ROBERTSON
Principal
602.954.3748
rrobertson@leearizona.com

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Now in its 25th year, Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, investment, multifamily, and land sectors of the Phoenix commercial real estate market, The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network.