REBusinessOnline

LEES MAYFIELD ASSOCIATES BREAKS GROUND FOR MIXED-USE PROJECT

CHANDLER, ARIZ. — Scottsdale, Ariz.-based Lees Mayfield Associates has broken ground for the construction of Chandler Echelon, a mixed-use business development located along Price Road Corridor in Chandler. The first phase of the project consists of a four-story, 190,000-square-foot office building, which was designed by Tempe, Ariz.-based DFD CornoyerHedrick. Phoenix-based The Weitz Company is acting as general contractor for the first phase. Additional plans for the development include the construction of a second, mirror-image office building; a 110-room Fairfield Inn & Suites; and a 150-room Courtyard, both hotels by Marriott International Inc. Delivery of the first phase is slated for fourth quarter 2008. Lees Mayfield is joined by co-developers REI Investments and White Lodging, both of Indianapolis, and Poe Companies of Louisville, Ky. Financing for the first office building was provided by Regions Bank of Birmingham, Ala.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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