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.