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PHOENIX—Butte Properties Inc. has begun construction on a 170,000-sf office complex in an area of the city that has become a hotbed of new office and industrial development. The Deer Valley Office Park will include two back office buildings, one 100,000 sf and another 70,000 sf. The two-story buildings are scheduled to be completed in early 2001. Phoenix-based Butte purchased for $4 million the 10.6-acre site, which is at the northwest corner of Loop 101 and 19th Avenue.

As Loop 101 has neared completion where it intersects with the heavily traveled Interstate 17 an increasing amount of office and industrial development has occurred. More than 40 land sales have closed along the I-17 Corridor in just the past three years, according to Cushman & Wakefield. The Loop 101 will be a major freeway interchange that will allow traffic to flow east and west from I-17.Cornoyer-Hedrick Architects designed the buildings, Hardison Downey construction is the general contractor and C&W is the leasing agent.

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