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Phoenix Office Build Leases Before Ground Breaking

WageWorks has leased a new class-A office building in Mesa before ground breaking, another sign of the booming demand in the market.

Union Union at Mesa

Lincoln Property Co. has pre-leased space in its class-A office development Union before ground breaking. The developer has signed a lease with WageWorks for 150,000 square feet in the 1.3 million-square-foot project, located in Mesa. The new lease is an expansion for WageWorks, which is currently located in Tempe, and will bring 1,000 jobs to the market.

“We were excited to get a pre-leased tenants and it kind of validates the site. WageWorks is in Tempe right now, and they wanted a new location to double in size. So, this was a good fit for them and a good price point,” David Krumwiede, EVP at Lincoln Property Co., tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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