{"id":1004731357,"date":"2024-10-02T22:42:33","date_gmt":"2024-10-03T06:42:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004731357"},"modified":"2024-10-03T04:49:46","modified_gmt":"2024-10-03T12:49:46","slug":"fender-breaks-ground-on-co-headquarters-in-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fender-breaks-ground-on-co-headquarters-in-phoenix\/","title":{"rendered":"Fender Breaks Ground on Phoenix HQ"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1260\" height=\"945\" data-attachment-id=\"1004731360\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fender-breaks-ground-on-co-headquarters-in-phoenix\/fender-at-pv_1-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg\" data-orig-size=\"1260,945\" 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=\"Fender at PV_1\" data-image-description=\"&lt;p&gt;Property at the conflux of Cactus Road and Tatum Boulevard.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;According to a report by the City of Phoenix, Fender\u2019s facility is expected to provide an estimated economic output of $456.9 million over a decade. Image courtesy of Fender Musical Instruments Corp.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg\" alt=\"Rendering of Fender Musical Instruments Corp.'s office project in Phoenix.\" class=\"wp-image-1004731360\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg 1260w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Fender-at-PV_1-1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1260px) 100vw, 1260px\" \/><\/a><figcaption class=\"wp-element-caption\">Fender\u2019s new co-headquarters will rise three stories near Cactus Road and Tatum Boulevard in Phoenix. <em>Image courtesy of Fender Musical Instruments Corp.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Fender Musical Instruments Corp. has broken ground on a 77,000-square-foot office project in Phoenix.<\/p>\n\n\n\n<p>Upon its estimated completion, in the fall of 2025, the building will serve as Fender\u2019s new co-headquarters. The guitar manufacturer is currently located at Oaktree Capital Management\u2019s 17600 N. Perimeter Drive in Scottsdale, Ariz.<\/p>\n\n\n\n<p>Designed by SmithGroup, the office building will rise three stories. Upon delivery, the property will comprise a shop for guitar and amplifier designers, a sound room, a cafe and meeting rooms, as well as flexible workspaces.<\/p>\n\n\n\n<p>Taking shape near Cactus Road and Tatum Boulevard, Fender\u2019s upcoming office building will be part of RED Development\u2019s PV, the $2 billion <a href=\"https:\/\/www.commercialsearch.com\/news\/phoenixs-paradise-mall-redevelopment-moves-forward\/\">reimagining of the former Paradise Valley Mall<\/a>. Downtown Phoenix is roughly 15 miles northeast.<\/p>\n\n\n\n<p>A Whole Foods facility will open this month within the 100-acre redevelopment. In addition, 400 multifamily units are slated to come online at the property in November.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-phoenix-incentivizes-office-relocations\">Phoenix incentivizes office relocations<\/h2>\n\n\n\n<p>The Phoenix City Council signed the development agreement with Fender last year. Under the agreement, Fender will receive incentives to relocate its Scottsdale co-headquarters to the Paradise Valley Mall redevelopment.<\/p>\n\n\n\n<p>The guitar manufacturer will benefit from performance-based job creation reimbursement through Phoenix\u2019s strategic economic development fund. According to a report by the City of Phoenix, Fender\u2019s facility is expected to provide an estimated economic output of $456.9 million over a decade.<\/p>\n\n\n\n<p>Phoenix\u2019s office pipeline remained tepid, in line with national <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends-how-much-will-the-sector-change\/\">office building trends<\/a>. The Valley of the Sun had just 514,990 square feet under construction as of August, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/expanding-office-to-housing-conversion-potential\/\">CommercialEdge report<\/a>.<\/p>\n\n\n\n<p>Ryan Cos.&#8217; <a href=\"https:\/\/www.commercialsearch.com\/news\/ryan-cos-breaks-ground-on-phoenix-area-mob\/\">One Scottsdale Medical<\/a>, a 101,136-square-foot medical office development in Scottsdale, is part of the metro&#8217;s underway inventory. The project will come online at DMB Associates\u2019 One Scottsdale, a 120-acre, 2.9 million-square-foot mixed-use campus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project is part of the $2 billion redevelopment of a former mall.<\/p>\n","protected":false},"author":3471,"featured_media":1004731360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,1601,15],"tags":[44177,50233],"class_list":["post-1004731357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-phoenix","category-west","tag-red-development","tag-smithgroup"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fender Breaks Ground on Phoenix HQ - 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