Phoenix Business Journal: New creative offices slated for big $750M Gilbert developmentMarch 20, 2018
Mar 19, 2018, 2:32pm MST
Phoenix Business Journal
Nationwide Realty Investors has plans to bring new creative offices to its Rivulon development in Gilbert.
Rivulon is a 250-acre development in the East Valley that could total 3 million square feet of offices at full build-out.
Ohio-based Nationwide, an arm of Nationwide Insurance, has new plans to build dual two-story 100,000-square-foot buildings aimed at creative and technology tenants at the East Valley development at Gilbert and Pecos roads and the Loop 202 freeway.
The new buildings at the Commons at Rivulon will have open floor plans and outdoor communal spaces, according to Nationwide Realty Investors President and COO Brian Ellis.
Nationwide also just completed two new 60,000-square-foot Class A office buildings at Rivulon.
Morgan Stanley Smith Barney Financing is among the tenants taking space at those new buildings.
“We are pleased to announce the completion of additional office buildings at Rivulon and this lineup of high-caliber tenants,” said Ellis. “The demand for space at Rivulon is very high. People want to be part of a best-in-class project in a highly visible location with proximity to great amenities.”
Fred Darche and Spencer Nast of Lee & Associates represented Nationwide Realty Investors in the real estate transactions involving lease with Morgan Stanley Smith Barney Financing Fairway Independent Mortgage Corporation, Security Title, and Miller Financial Group.
A new Audi dealership also will open at Rivulon, joining Mercedes-Benz and Volvo dealerships on Gilbert Road.