I was a little surprised that SunCor decided to sell one of their two office towers at Hayden Ferry Lakeside to New York based Sumitomo corp. While some of the projects in and around the Mill Avenue District have been delayed, canceled or had different "financing issues" come up, the Hayden Ferry project is one that seems to have it all. Great location, great views, easy access to freeways, the airport and the upcoming light rail line etc.. The project is a wonderful mix of commercial and residential uses.
The commercial building that has been sold has a decent tenant in Smith Barney. Several other high profile tenants include KPMG, MetLife and the new corporate offices of Fidelity National Title. Fidelity decided to lease the entire 11th floor, leaving the posh 24th / Camelback location for this awesome area. Believe me, the management group at Fidelity knows a thing or two about real estate. The $92.5 million price tag is a lot of money but given the demand for the area, the growth and excitement surrounding the Mill Avenue District and the future developments that SunCor has talked about in the area, this might end up being a great deal for all involved. These "New Yorker's" are not exactly new to town. In fact, they recently sold out of the Phelps Dodge Tower in Phoenix prior to picking up this trophy property along the Tempe Town Lake. If you haven't seen these buildings, they are worth a look. The following pic is one I took in the lobby of the Hayden Ferry building. The lobby was designed with a really cool nautical theme where you feel like you are looking through the hull of a ship. :-)
Here, you can see the homes currently for sale at Hayden Ferry. These buildings are just East of the commercial buildings.
The lifestyle along Tempe Town lake and in and around the Mill Avenue District is changing drastically. This is a growing, vibrant community with excellent access to amenities..
To Live, work and play, our great city is hard to beat! Tempe is very centrally located with easy access to our freeway systems and to the airport. Here, you will find some amazing housing opportunities, a great arts community, wonderful restaurants, great schools, lot's of different jobs, enthusiastic sports fans and a wonderful lifestyle in an amazingly convenient location that is close to many of the things our great state has to offer.
If you have any questions about the community of Tempe Arizona, please feel free to visit our web site at http://www.nickbastian.com/ or feel free to call us at 602-803-6425 or toll free at 1-888-343-6425.