Sunday, October 10, 2010
PHOENIX, AZ— Jones Lang LaSalle has completed an 85,000-square-foot lease commitment at the MAX at Kierland (top left photo) for Universal Technical Institute, Inc. (NYSE: UTI), a leading provider of post-secondary degrees for auto-related technicians and on the shortlist of Arizona-based public companies.
The building is owned by a Trammell Crow Company/ING Clarion joint venture.
The new UTI home office will occupy two floors at the MAX, a 285,000-square-foot, six-story office building within the Kierland development, south of the Loop 101 on Scottsdale Road in Scottsdale, Ariz.
The new UTI headquarters will house approximately 425 employees. UTI is currently headquartered at 20410 N. 19th Avenue.
“The MAX at KIERLAND is a high quality facility that reflects the UTI company image. We are pleased that our extensive search for new space has resulted in an exceptional location with tremendous amenities, while achieving a value that is consistent with current commercial real estate market conditions,” said Chad Freed, General Counsel and Senior Vice President Business Development for UTI.
“We are pleased to welcome UTI to MAX at KIERLAND and our growing base of national tenants and corporate headquarter companies,” said Jim Mahoney (middle right photo), Senior Managing Director of Trammell Crow Company’s Phoenix Business Unit.
“We are confident that MAX at KIERLAND will provide UTI with the environment it needs as it continues to seek new business opportunities with industries that will benefit its students and enhance their business model.”
Earlier this year, MAX at KIERLAND was awarded LEED® Certification by the U.S. Green Building Council, becoming one of a select few multi-tenant office buildings in Metro Phoenix to achieve such a designation.
Contact: Stacey Hershauer, focusAZ, Marketing & Public Relations, (480) 600-0195, http://www.focusaz.com/