By Stream Realty Partners
Stream Realty Partners has been awarded the leasing, property management and construction management assignments for two Class A office buildings that will soon be marketed as a 410KSF experiential office campus.
Kierland One and Two at 16430 N. Scottsdale Road and 16260 N. 71st St. in Phoenix will soon undergo $29M in hospitality-driven renovations. The project will allow Stream, a national real estate services, development, and investment firm with a growing office in Phoenix, to reposition and market the buildings in the north Scottsdale area. The properties are owned by Vero A2R, the office investment platform of Vero Capital, formerly Admiral Capital Group.
Stream Phoenix VPs Nick Bialkowski and Stirling Pascal will serve as leasing brokers. VP Tom Coughlin and Senior Property Manager Kayla Chester will lead property management efforts. VP David Kollar will oversee construction management.
Vero A2R purchased Kierland One in 2021 and Kierland Two in November 2022 with the plan to combine both four-story buildings into a cohesive office campus that offers shared amenities. The capital improvement project includes reimagined lobbies and common areas, well-designed speculative suites, an upgraded fitness facility with locker rooms, on-site coworking operator, coffee shop, flexible meeting rooms, and outdoor collaboration spaces.
The two-building campus currently has an estimated 150KSF available for lease. Move-in ready suites to accommodate small and mid-sized tenants will soon be available. Vero A2R plans to furnish several of the new office spaces, allowing for true plug-and-play capabilities. (Source)
