Elizabeth Arden Spas Sets Up Offi ce in Downtown Tempe With 11-Year Lease

Elizabeth Arden Spas Sets Up Offi ce in Downtown Tempe With 11-Year Lease

TEMPE, AZ – December 18, 2012 – (RealEstateRama) — Elizabeth Arden Spas has signed an 134-month, 13,021 SF lease at Tempe Gateway, 222 S. Mill Ave. in Downtown Tempe to serve as their retail operations hub for the U.S.

The Class A offi ce building is owned by Gateway Tempe, LLC, a subsidiary of Vulcan, Inc., Microsoft President & CEO Paul Allen’s Seattlebased real estate investment and development company. The 13,021 SF space will be on the second fl oor and brings occupancy of the building to over 80 percent.

Ken McQueen, Principal with Lee & Associates represented Elizabeth Arden while Phil Breidenbach and Lindsey Carlson of Colliers International represented Gateway Tempe, LLC.

“This was an excellent opportunity for an iconic brand-name company to be located in the center of a dynamic location such as this,” said McQueen. “They are committed long-term to the Tempe market and feel Mill Avenue offered the economics and amenities they desired,” he added.

The Downtown Tempe Class A market has seen much activity over the past year including talk of a new offi ce tower at Hayden Ferry Lakeside.

The area features strong amenities unparalleled in the Valley such as freeway, light rail and numerous ground transportation options. Tempe Gateway features excellent views of the city and Tempe Town Lake and is in close proximity Downtown Tempe’s Mill Ave. District and to Sky Harbor International Airport.

Contact Ken McQueen: 602.474.9564
kmcqueen (at) leearizona (dot) com

About Elizabeth Arden
Elizabeth Arden, Inc. licenses the trademarks for the Elizabeth Arden and Red Door brand names to Red Door Spa Holdings, the owner and operator of the Elizabeth Arden Red Door Spas. Elizabeth Arden is a global prestige beauty products company with an extensive portfolio of prestige beauty brands sold in over 120 countries. The company’s brand portfolio includes Elizabeth Arden skincare, color and fragrance products, the fragrance brands for multiple celebrities. Red Door Spa Holdings entity owns and operates 31 Red Door Spas in freestanding locations and upscale resort and hotel properties in the United States .

About Lee & Associates Arizona
Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, offi ce, land and investment sectors of the Phoenix commercial real estate market. The Phoenix offi ce was established in 1991 and is now recognized as one of the most successful brokerage fi rms in the state. Each of the 46 nationwide Lee & Associates offi ces has a strong local ownership combined with a powerful platform from the national Lee & Associates network.

Contact:
Matt DePinto
Senior Research Analyst
Public Media Relations
ph: 602.474.9512
mdepinto (at) leearizona (dot) com
www.leearizona.com

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