Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GILBERT, AZ-A local developer is ready to break ground on the 90,000-sf San Tan Commons. Construction will commence Thursday on the $23-million office and retail building, which already has Mountainside Fitness, an Arizona health club chain, as its lead tenant.

The three-story San Tan Commons will be situated on five acres at Val Vista Drive and Loop 202, also known as San Tan Freeway. The development will be part of the 1,400-acre Spectrum Commercial Core. Completion is scheduled for spring 2009.

James Butwin, a managing member of Grasser Investment Partnerships, says the building’s first floor will be retail, with Mountainside Fitness Center holding a 15-year lease for the entire 40,000-sf second floor. There is 32,000 sf of office space on the third floor. Butwin tells GlobeSt.com that Mountainside Fitness also could take most, if not all, of the 32,000 sf of office.

Butwin says he and partners Paul Grasser and Tom Hatten, who also is CEO of Mountainside Fitness, would like to see the retail portion dedicated to upscale tenants. It’s also hoped that the tenants will offer products and services to complement the fitness center. “This could be child care, tanning salons or nutrition and vitamin stores,” Butwin says. “We’d like to create that symbiotic relationship between the anchor tenant and the retail tenants.”

MCG Architecture of Denver designed the building. AR Mays Construction of Scottsdale is the general contractor. Butwin says the third-party leasing assignments have yet to be awarded.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.