{"id":1004376980,"date":"2019-12-18T06:41:31","date_gmt":"2019-12-18T14:41:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004376980"},"modified":"2021-05-10T02:06:14","modified_gmt":"2021-05-10T10:06:14","slug":"trammell-crow-breaks-ground-in-scottsdale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/","title":{"rendered":"Trammell Crow Breaks Ground in Scottsdale"},"content":{"rendered":"
\"\"<\/a>

Axis Raintree. Rendering courtesy of Trammell Crow Co.<\/em><\/p><\/div>\n

Trammell Crow Co. has commenced construction of Axis Raintree in Scottsdale, Ariz. The development will comprise 175,000 square feet of Class A speculative office space<\/a> and is slated for completion in the fourth quarter of 2020. Maricopa County public records showed that Western Alliance Bank originated a $40.3 million construction loan for the project.<\/p>\n

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READ ALSO<\/strong>: CMBS Market Update and Forecast for 2020<\/a><\/p>\n

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The asset will be situated at the southwest corner of Raintree Drive and 87th St. on an 8.2-acres site, less than 1 mile from loop 101 freeway, and will be close to several dining and retail options. Additionally, Yardi Matrix data showed that the project is located in a high-density submarket, with approximately 20 million square feet of office space within a 5-mile radius.  According to Trammell Vice President Cullen Mahoney, the development is the first Class A office project to be constructed in north Scottsdale since 2015.<\/p>\n

The building will include 16-foot deck-to-deck height, floor-to-ceiling glass and several tenant amenity areas such as a caf\u00e9 lounge and 40-person training room. RSP Architects will design the three-story asset. Bryan Taute and Charlie Von Arentschildt from CBRE\u2019s Phoenix office will oversee leasing activities. Earlier in October, Trammell Crow Co. also broke ground on a 2.7 million-square-foot logistics project in Las Vegas.<\/p>\n","protected":false},"excerpt":{"rendered":"

With construction financing from Western Alliance Bank, Axis Raintree marks the first Class A office project to be constructed in the northern part of the city since 2015.<\/p>\n","protected":false},"author":748,"featured_media":1004376986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21825,21742,21747,1601,15],"tags":[48206,32789,32893,44396],"class_list":["post-1004376980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-finance","category-latest","category-office","category-phoenix","category-west","tag-bryan-taute","tag-cbre","tag-trammell-crow-company","tag-western-alliance-bank"],"acf":[],"yoast_head":"\nTrammell Crow Breaks Ground in Scottsdale - 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\/trammell-crow-breaks-ground-in-scottsdale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trammell Crow Breaks Ground in Scottsdale\" \/>\n<meta property=\"og:description\" content=\"With construction financing from Western Alliance Bank, Axis Raintree marks the first Class A office project to be constructed in the northern part of the city since 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/\" \/>\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=\"2019-12-18T14:41:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:06:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Axis-Raintree-e1576676877288.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"843\" \/>\n\t<meta property=\"og:image:height\" content=\"633\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\/trammell-crow-breaks-ground-in-scottsdale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/\",\"name\":\"Trammell Crow Breaks Ground in Scottsdale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Axis-Raintree-e1576676877288.jpg\",\"datePublished\":\"2019-12-18T14:41:31+00:00\",\"dateModified\":\"2021-05-10T10:06:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-breaks-ground-in-scottsdale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Axis-Raintree-e1576676877288.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Axis-Raintree-e1576676877288.jpg\",\"width\":843,\"height\":633,\"caption\":\"Axis Raintree. 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