PHOENIX (October 22, 2021) — Plaza Companies has been selected to provide property management services for a large commercial office development at a prime location along Loop 101 in the Salt River Pima-Maricopa Indian Community.
Plaza will manage Chaparral Business Center, a 70-acre complex that includes six office buildings. The property, overseen by Salt River Devco, is located off Loop 101 between Chaparral and McDonald Drives.
The new addition brings Plaza Companies’ overall management portfolio to approximately five million square feet.
Chaparral Business Center is in the heart of a fast-growing area of the Loop 101 corridor adjacent to the Scottsdale-Salt River Courtyard by Marriott and Residence Inn hotels and in close proximity to Salt River Fields, numerous shopping and entertainment options, Talking Stick Resort and much more.
“This is an important addition to our property management portfolio and further expands our extensive footprint in the Scottsdale market,” said Plaza Companies Senior Vice President of Property and Facilities Management Peggy Maxwell. “We are very pleased to be entrusted by Salt River Development Company to manage this exceptional property and will ensure it remains one of the premier locations in the Valley.”
Alix Smith, CEO of Salt River Devco, said they selected Plaza Companies because of its extensive track record managing high-profile developments across the Valley.
“Plaza Companies will be an excellent partner for us as we continue to expand the vision for Chaparral Business Center,” Smith said. “We are confident they will help us maximize the return on our investment while ensuring the highest-quality office environment for the tenants located in the project.”
Plaza Companies currently has about 12 million square feet in its overall property portfolio, including numerous high-profile projects including SkySong, The ASU Scottsdale Innovation Center, Park Central, and the TGen Building, among others.
Plaza Companies, based in Peoria, Arizona, is an esteemed leader in the developing and managing of medical office and commercial office properties, technology and bioscience facilities, mixed-use properties and senior housing communities. Since its founding in 1982, this full-service, specialized real estate firm has established a proud portfolio stretching across the greater Phoenix area valued at more than $1 billion. For more information about Plaza Companies, visit ThePlazaCo.com.