PHOENIX-The design for Arrowhead Office Suites, a 74,000-sf office condominium project, has just been finalized, but it’s already 70% pre-sold. The $7-million office park, being developed by Shea Commercial LLC, will break ground in September.

Arrowhead Office Suites will be situated on seven acres at the northeast corner of 51st Avenue and Loop 101. The Scottsdale-based developer purchased the land for $2.1 million from two individuals from Phoenix, according to Bob Deininger, a principal with Shea Commercial.

“This is product that the neighborhood is screaming for,” Deininger tells, citing the strong demand from medical users. Buyers to date include a plastic surgeon, kidney dialysis provider, two dentists and chiropractor.

Arrowhead Office Suites will be comprised of 11 buildings, ranging from 5,100 sf to 12,200 sf. Shell space is selling for $185 per sf. The locally based DFD Cornoyer Hedrick designed the complex; Caviness Construction Inc., also from Phoenix, will be the general contractor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.