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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 GlobeSt.com, 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.

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