Phoenix, AZ – Geiger Bros. (www.geiger.com) has leased 6,723 SF at The Alter Group’s (www.altergroup.com) Riverwalk Arizona business park in Scottsdale, AZ. Michael J. Alter, President of the Chicago-based national corporate real estate development firm, announced the transaction.
Geiger Bros. will use the space, located at 7500 North Dobson Road, as its Scottsdale field office. The Lewiston, ME-based firm, established in 1878, is a family-owned and managed national distributor of promotional products. The firm’s best-known product is the 189-year-old Farmers’ Almanac.
In addition to the Scottsdale field office, Geiger Bros. has locations in San Diego, CA; San Francisco, CA; San Gabriel Valley, CA; Tustin, CA; Tampa, FL; St. Louis, MO; Boston, MA; Jackson, MS; New York; Philadelphia, PA; York, PA; Chapin, SC; Seattle, WA; and Milwaukee, WI.
The Alter Group’s exclusive leasing agent for Riverwalk Arizona is CB Richard Ellis, represented by Jerry Roberts, Senior Vice President. Justin Himelstein, Senior Associate, Grubb & Ellis | BRE Commercial, LLC, represented Geiger Bros.
One of the country’s largest developments on Native American land to date, Riverwalk Arizona will yield an estimated 1,500,000 SF of corporate office and retail space, and create up to 15,000 new jobs. Riverwalk Arizona is set on prime land owned by the Salt River Pima-Maricopa Community, home to the Pima and Maricopa Indians, descendants of the ancient Hohokam Indians.
“Thanks to its phenomenal population growth – Maricopa County has added more than 3,000,000 residents since 1970 – demand for Class A office space in the Phoenix area has reached unprecedented levels,” said Kurt W. Rosene, Senior Vice President, National Development, of The Alter Group.
The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies. Each offers specialized services, including brokerage, healthcare facility development, construction, and property management.
The Alter Group is a national corporate real estate development firm of office, industrial and healthcare facilities. Additionally, the firm provides comprehensive services in brokerage, construction, investment services, and property and asset management.
Founded by William A. Alter in 1955, The Alter Group has developed close to 100,000,000 SF of speculative projects for its own portfolio and build-to-suit facilities for corporate users. This year, the company has 4,000,000 SF of space, worth $600,000,000, under development in national markets. The firm was recently ranked as # 5 in the National Real Estate Investor survey of America's top office developers.
