June 4, 2019
VanTrust Real Estate LLC ended its hold of One Chandler Corporate Center, a 117,394-square-foot, Class A office building occupied by Allstate Insurance Co. The asset at 350 N. McClintock Dr. in Chandler, AZ was sold to Phoenix buyer Strategic Office Partners. Barry Gable, Chris Marchildon and Will Mast of CBRE represented the seller in the $25.2 million transaction.
VanTrust acquired 26 acres in May 2016, as part of the Chandler Corporate Center development, and completed the two-story building in 2018. According to Business Real Estate Weekly of Arizona (BREW), Phil Briedenbach and Ryan Timpani with Colliers International negotiated a five-year lease agreement for Allstate.
BREW went on to note that Keith Earnest, who heads the local VanTrust office, is planning a second-phase office building as either a build-to-suit or speculative development. Construction on the second building is planned to begin in October 2019.
For comments, questions or concerns, please contact Amy Sorter