Arrowhead Executive Center, located at 17325 N. 75th Avenue in Glendale, was only at 80 percent occupancy in 2015 when it was purchased by Tucson-based Holualoa Companies. But after an aggressive expansion of the property’s leasing efforts and a transformation of the property’s interior and exterior spaces, it’s now above 90 percent occupancy.
Twenty-eight companies and more than 650 employees now call Arrowhead Executive Center their place of business thanks to the revitalization and enhanced marketing of the property, an effort that was supported by the City of Glendale’s Economic Development Office as well.
Capital improvement projects at Arrowhead Executive Center included redoing the parking areas, new roofing, refreshing the building exteriors and several other measures once the $11.7 million complex was purchased. And Plaza Companies implemented its “high touch, high quality” approach to leasing and property management to ensure the property’s success — led on the leasing side by Perry Gabuzzi, Senior Vice President Brokerage Services and Bill Cook, Vice President Brokerage Services.
Tenants of the project include the corporate headquarters of The Roadmaster Group, First Fidelity Bank, and several other significant companies.
Brian Friedman, Economic Development Director for the City of Glendale, said the transformation is having positive effect on the community’s economy.
“The area around Arrowhead Executive Center is one of the drivers of Glendale’s economy, so it’s critical that properties in this area are performing at a high economic level,” he said. “This is another significant investment by Holualoa Companies and Plaza Companies, resulting in the property’s rapid transition from underperforming to vibrant and successful business campus.”