Portico Place II Secures Hanjin Shipping as Anchor Tenant
PHOENIX – Portico Place II, a 48,173-square-foot Class A multi-tenant office building in Chandler, Az. has secured its first tenant, Hanjin Shipping, a transportation logistics firm that will occupy 37,669 square feet.
Hanjin Shipping will take up 78 percent of the building’s overall space, occupying the entire second floor and half of the first floor. Portico Place II officially opened in April and is located at 2195 W. Chandler Boulevard; it is the first speculative, multi-tenant office building of its size developed in the Valley in nearly six years. JLL represented Hanjin in its lease negotiations; Lee & Associates represented the property owner, Irgens.
“We’re extremely pleased to have Hanjin Shipping make Portico Place II its home,” said Jason Meszaros, vice president and market manager for Irgens, the building’s developer and property manager. “This is further evidence of businesses committing to investment and expansion in the Southeast Valley, and we expect to see more of it in the coming months.”
“Hanjin looked at all office options in the area to meet the expansion needs of its existing – and growing – regional operations center in Chandler,” said JLL Managing Director John Pierson. “After a thorough search, Portico Place II provided a location that not only keeps Hanjin close to its large Chandler-area workforce, but also provides the right mix of amenities.”
Portico Place II is adjacent to the fully leased Portico Place I, and is part of a 15-acre mixed-use development. It has 10,504 square feet of space available for leasing, which is being brokered by Lee & Associates.
“Portico Place II is filling a need for Class A office space in the Chandler area. Hanjin Shipping will be a great addition to the project,” said Colton Trauter, principal at Lee & Associates. “With prominent visibility and great access to the Loop 101 and 202, Portico Place II is in the middle of one of the Valley’s most dynamic business corridors.”
Nearby regional amenities include Chandler Fashion Square, downtown Chandler, and various hotels. Portico Place II is less than a mile from Chandler Regional Hospital with corporate neighbors including Intel, Microchip, Bank of America, Orbital Science, eBay and Wells Fargo.