{"id":1004349059,"date":"2019-08-29T21:53:58","date_gmt":"2019-08-30T05:53:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004349059"},"modified":"2019-08-29T21:53:58","modified_gmt":"2019-08-30T05:53:58","slug":"isola-to-consolidate-operations-in-new-arizona-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/isola-to-consolidate-operations-in-new-arizona-hq\/","title":{"rendered":"Isola to Consolidate Operations in New Arizona HQ"},"content":{"rendered":"<div id=\"attachment_1004349077\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004349077\" data-attachment-id=\"1004349077\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/isola-to-consolidate-operations-in-new-arizona-hq\/lotus-project\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Lotus-Project\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Lotus Project Chandler. &lt;i&gt;Image courtesy of JLL&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg?w=800\" class=\"wp-image-1004349077 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lotus-Project.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004349077\" class=\"wp-caption-text\">Lotus Project Chandler. <i>Image courtesy of JLL<\/i><\/p><\/div>\n<p>Lotus Project Chandler, a new 53-acre corporate park under development in Chandler, Ariz., has nabbed its first tenant by signing up laminates maker Isola Group for a full-building lease measuring 118,383 square feet. The Class A, purpose-built flex industrial building in the suburb of Phoenix will house the company\u2019s new global headquarters.<\/p>\n<p>Conor Commercial Real Estate is developing the two-phase Lotus Project, located just off of Kyrene Road near Interstate 10 and the Loop 202. At full build-out, the complex will total more than 650,000 square feet of Class A space for advanced manufacturing, light industrial and office uses.<\/p>\n<p>Isola is slated to begin a phased move-in starting in the fourth quarter of this year, which will consolidate the firm\u2019s administrative, manufacturing and research and development operations from two existing locations. The building at 6565 W. Frye Road meets Isola\u2019s exacting needs in terms of clear height, power and location and features a modern cellular manufacturing approach that allows for rapid, flexible delivery of small batches of product.<\/p>\n<h2>Tapping Chandler&#8217;s industrial boom<\/h2>\n<p>Steve Larsen and Jason Moore of JLL represented Isola in the lease deal, while Jackie Orcutt, Rusty Kennedy, John Grady, James Cohn and Jonathan Teeter of CBRE represented Conor Commercial. JLL\u2019s Project Development Services Team oversaw Isola\u2019s build-out.<\/p>\n<p>The first phase of Lotus Project, scheduled for completion in September, includes four industrial buildings totaling 470,000 square feet and the second phase will deliver either two or three additional buildings with either office or industrial use. The site is located in the&nbsp;Southeast Valley region of metropolitan Phoenix, less than 10 miles from Sky Harbor International Airport.<\/p>\n<p>Chandler is <a href=\"https:\/\/www.commercialsearch.com\/news\/a-nuanced-analysis-of-phoenixs-spec-industrial-development-boom\/\">among the most coveted<\/a>&nbsp;industrial markets in the Phoenix area. Like neighboring Mesa, the city is seeing new speculative construction based on robust demand, abundant skilled labor and the availability of land for development. This surge of new construction in two markets replete with older, lower-quality industrial stock has sparked a \u201cflight to quality\u201d effect for many tenants.<\/p>\n<p>Illinois-based Conor Commercial <a href=\"https:\/\/www.commercialsearch.com\/news\/conor-commercial-delivers-il-industrial-facility\/\">delivered a 265,550-square-foot industrial facility<\/a> in Winfield, Ill., in partnership with Kensington Realty Advisors last month. Last year, the company partnered with American Realty Advisors to <a href=\"https:\/\/www.commercialsearch.com\/news\/conor-commercial-delivers-il-industrial-facility\/\">break ground<\/a> on an 814,852-square-foot, sustainable industrial complex in Fremont, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The laminates maker will occupy a 118,000-square-foot facility in the Phoenix suburb of Chandler.<\/p>\n","protected":false},"author":744,"featured_media":1004349077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,21748,21742,1601,15],"tags":[32789,36589,32796,46817],"class_list":["post-1004349059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-industrial","category-latest","category-phoenix","category-west","tag-cbre","tag-conor-commercial-real-estate","tag-jll","tag-john-grady"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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