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George Oliver Unveils Plans for Next Office Campus

Phoenix-based developer George Oliver recently unveiled plans for its next Arizona experiential office transformation: the five-building Hayden Station mixed-use office campus located on the southwest corner of Mill Avenue and Third Street in downtown Tempe. With an approximate $14 million capital improvement budget, George Oliver will upgrade the campus with retail and restaurant space, along with open concept layouts.

Built in 1986, Hayden Station has served as a downtown Tempe landmark for more than three decades. It spans 107,508 square feet including one five-story office building and four two-story mixed-use buildings.

“From a live-work-play perspective, this location is our most exciting infill campus-style repositioning strategy to date,” said Curt Kremer, George Oliver founder and managing partner. “It has everything in place – great existing structures, dynamic employee and tenant demographics, and a strong mixed-use character – to deliver one of the best George Oliver concepts in the country.”

George Oliver purchased the Hayden Station property in an off-market transaction. The acquisition totals all five Hayden Station buildings with a 4.2/1,000 parking ratio. Steve Lindley of Cushman & Wakefield represented the property seller in the transaction.

“This is a notable transaction for the market, completed in one of the tightest, most sought-after office locations in the country, with office rents approaching $50 per-square-foot, continued tenant demand and a low 8.1 percent office vacancy,” said Lindley.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Acquisition