Orsett Properties breaks ground on new building at The Reserve
Posted June 10, 2014 by AZRE.
Orsett Properties celebrated the start of construction on Building No. 4 at The Reserve at San Tan located in Gilbert, Ariz. A ground breaking ceremony was held on May 30, 2014, for the new 105,830-square-foot project located at 339 East Germann Road (southeast of the corner of Gilbert Road and Germann Road).
Willmeng Construction, Inc. is serving as general contractor on the concrete tilt office building. The new building (4th in the office park) will include CMU accents and steel entry canopy/trellis, and can deliver up to a 10/1,000 parking ratio. Designed by project architect Butler Design Group, the 105,830-square-foot building will be mezzanine ready for up to 165,830 square-feet total. Leasing for The Reserve at San Tan is being handled by Mike Garlick and Chris Krewson of Newmark Grubb Knight Frank (602) 952.3800.
The construction of Building No. 4 marks the start of Phase II for the office complex. At full build out, incorporating future phases, The Reserve at San Tan will total 443,000-square-feet. Completion of Building No. 4 is expected in December 2014.
“There is real momentum in the market right now, and we are extremely excited to break ground on such a versatile product,” said Michael W. Freret, Orsett’s Chief Executive Officer. The Park’s expansion plans, submitted last year, marked Gilbert’s first major commercial office project in about 18 months.
The Reserve at San Tan is a Class “A”, 39 -acre business park conveniently located less than a half mile from the Loop 202 Freeway and Gilbert Road full diamond interchange. Phase I is comprised of three buildings, totaling approximately 155,000-square-feet, with extremely flexible floor plates. Completed in 2007, Phase I is currently 100% leased. The project appeals to and is able to accommodate a broad tenant base ranging from local start-ups to national firms. The business park is unique in that companies can start their business in one suite and continue to grow as their needs change. The location, freeway access, excellent employment demographics and numerous surrounding amenities make The Reserve at San Tan an ideal site for employers looking to locate in the rapidly growing Southeast Valley.