{"id":1004080277,"date":"2013-07-07T16:38:28","date_gmt":"2013-07-08T00:38:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=145180"},"modified":"2022-12-07T20:24:01","modified_gmt":"2022-12-08T04:24:01","slug":"ontrac-moves-hq-to-chandler-whitestone-reit-grabs-phoenix-community-center-for-23m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ontrac-moves-hq-to-chandler-whitestone-reit-grabs-phoenix-community-center-for-23m\/","title":{"rendered":"OnTrac Moves HQ to Chandler; Whitestone REIT Grabs Phoenix Community Center for $23M"},"content":{"rendered":"<p><em>By Amalia Otet, Associate Editor<\/em><\/p>\n<p>OnTrac plans to move its corporate headquarters from Phoenix to Chandler to accommodate its need for room to grow. The package delivery service will occupy 65,000 square feet of office space at 2501 S. Price Road in the Price Corridor beginning Oct. 1.<\/p>\n<p>\u201cWe\u2019ve begun construction and will spend in excess of $5 million on the relocation of our corporate headquarters,\u201d said Rob Humphrey, president of the 23-year old company. OnTrac\u2019s new facility is expected to bring about 850 new jobs to the area over the course of an 11-year lease. OnTrac serves California and the major metropolitan areas of seven other western states: Arizona, Colorado, Idaho, Nevada, Oregon, Utah and Washington.<\/p>\n<p>The Price Corridor is home to major employers in aerospace, life sciences, technology and advanced business services.<\/p>\n<p>In retail transaction news, Whitestone REIT has completed the off-market purchase of Anthem Marketplace, an 113,293-square-foot Class A community center in Phoenix. The $23.3 million deal includes an adjacent land pad that permits the addition of 15,000 square feet of leasable space.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/Anthem-Marketplace-via-businesswire.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-145181 alignright\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/Anthem-Marketplace-via-businesswire.jpg\" alt=\"\" width=\"300\" height=\"236\" \/><\/a><\/p>\n<p>Located at Anthem Parkway and Gavilan Peak Parkway, the center serves the Anthem and Tramonto master-planned communities in North Phoenix. It has direct access to I-17.<\/p>\n<p>Anthem Marketplace is anchored by Safeway and features a diverse tenant base of restaurants, establishments, personal care services and retailers. Its in-place net operating income is approximately $1.8 million, or 8% of the purchase price, according to Whitestone.<\/p>\n<p>The Houston-based REIT now owns 15 community centers in greater Phoenix totaling 1.5 million square feet of gross leasable area. Recent acquisitions include Mercado at Scottsdale Ranch, an 118,730- square-foot property in central Scottsdale; The Shops at Pecos Ranch, a 78,767-square-foot, fully leased community center in Chandler; Fountain Square, a 118,209 square foot property in Phoenix; and Village Square at Dana Park, a 310,979-square-foot center in Mesa.<\/p>\n<p>.<\/p>\n<p><em>Photo credits: Whitestone REIT via Business Wire<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OnTrac, the leader in regional overnight package delivery service in the eight Western States, plans to move its corporate headquarters to Chandler to accommodate the company&rsquo;s growth demand.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004080277","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OnTrac Moves HQ to Chandler; Whitestone REIT Grabs Phoenix Community Center for $23M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ontrac-moves-hq-to-chandler-whitestone-reit-grabs-phoenix-community-center-for-23m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OnTrac Moves HQ to Chandler; Whitestone REIT Grabs Phoenix Community Center for $23M\" \/>\n<meta property=\"og:description\" content=\"OnTrac, the leader in regional overnight package delivery service in the eight Western States, plans to move its corporate headquarters to Chandler to accommodate the company&rsquo;s growth demand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ontrac-moves-hq-to-chandler-whitestone-reit-grabs-phoenix-community-center-for-23m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-08T00:38:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:24:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/Anthem-Marketplace-via-businesswire.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ontrac-moves-hq-to-chandler-whitestone-reit-grabs-phoenix-community-center-for-23m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ontrac-moves-hq-to-chandler-whitestone-reit-grabs-phoenix-community-center-for-23m\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"OnTrac Moves HQ to Chandler; 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