Desert Ridge Corporate Center
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Desert Ridge Corporate Center consists of two, four-story Class A office buildings totaling 275,208 square feet and an adjacent 17,953 square foot retail plaza built in 2006-08; the Property is ground leased from the State of Arizona through 2092. The Property is well located along Loop-101, just west of North Scottsdale, with excellent freeway visibility and presence. Directly across the street is the 1.2 million square foot Desert Ridge Marketplace retail plaza, providing the property’s office tenants a significant amenity base. Also in close proximity is a Holiday Inn, JW Marriott Resort, the Wildfire Golf Club and an under-construction Mountainside Fitness. Significant multi-family development is ongoing on surrounding parcels.
Regent acquired Desert Ridge Corporate Center in December 2014 while 62% leased and in less than a year has leased up the project to 90% which includes a roster of highly desirable tenants. Regent is currently undertaking an aggressive lease up campaign to fill the building.