{"id":1004088100,"date":"2013-12-09T09:25:59","date_gmt":"2013-12-09T17:25:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=224013"},"modified":"2022-03-04T02:30:44","modified_gmt":"2022-03-04T10:30:44","slug":"liberty-property-trust-breaks-ground-on-1-msf-tempe-business-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-breaks-ground-on-1-msf-tempe-business-park\/","title":{"rendered":"Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park"},"content":{"rendered":"

By Amalia Otet, Associate Editor<\/em><\/p>\n

Liberty Property Trust has broken ground on the first building at Liberty Center at Rio Salado, a 1 million-square-foot business park in Tempe and the REIT\u2019s largest project to date in Arizona.<\/p>\n

Scheduled for completion in mid-2014, \"\"<\/a> the speculative two-story project at 1850 W. Rio Salado Parkway will feature 155,000 square feet of Class A office space. Additionally, the building is designed to achieve LEED Silver certification. Site preparation is currently under way for a sister building nearby.<\/p>\n

In all, the first phase will include six office buildings and one industrial buildings, Liberty said in a statement. For the second phase, which will be located across the street, Liberty is eyeing plans for a hotel, retail space and additional office buildings.<\/p>\n

\u201cOur strategy is to create work environments that can make a difference in the quality of people\u2019s lives,\u201d said William Hankowsky, CEO of the Malvern, Pa.-based REIT, in a statement. \u201cWe believe that Liberty Center at Rio Salado\u2014with its sustainable buildings and commitment to amenities such as an outdoor amphitheater and Wi-Fi\u2014will provide a terrific location for creativity, productivity and innovation.\u201d<\/p>\n

At full build-out, the Liberty Center development will comprise as many as 11 buildings. It will also offer convenient access to Sky Harbor International Airport and to major Phoenix-area freeways. All buildings in the park will be designed to LEED standards and will emphasize energy efficiency and green practices.<\/p>\n

As previously reported by Commercial Property Executive<\/a>, Tempe tapped Liberty in 2012 as master developer of the 100-acre site at the northwest corner of Priest Road and Rio Salado Parkway.<\/p>\n

Rendering of Liberty Center at Rio Salado via website<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Liberty Property Trust broke ground on Building One, the first of up to 11 planned buildings at Liberty Center at Rio Salado, a sustainable mixed-use business park under development in Tempe.<\/p>\n","protected":false},"author":39,"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-1004088100","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"\nLiberty Property Trust Breaks Ground on 1 MSF Tempe Business Park - 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\/liberty-property-trust-breaks-ground-on-1-msf-tempe-business-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park\" \/>\n<meta property=\"og:description\" content=\"Liberty Property Trust broke ground on Building One, the first of up to 11 planned buildings at Liberty Center at Rio Salado, a sustainable mixed-use business park under development in Tempe.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-breaks-ground-on-1-msf-tempe-business-park\/\" \/>\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=\"2013-12-09T17:25:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T10:30:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Liberty-Center-at-Rio-Salado.jpg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-breaks-ground-on-1-msf-tempe-business-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-breaks-ground-on-1-msf-tempe-business-park\/\",\"name\":\"Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park - 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