March 19th, 2018
Nationwide Realty Investors announced several new development updates and tenant announcements at Rivulon, the expansive master-planned, mixed-use development located at the corner of Gilbert Road and the AZ 202.
Two new 60,000-square-foot, two-story, Class A office buildings located along Rivulon Boulevard are now complete. Morgan Stanley Smith Barney Financing LLC, an affiliate of the global financial services company, will move in July. Additional leases for the buildings at 111 and 161 E. Rivulon Blvd have been signed by Fairway Independent Mortgage Corporation, Security Title Agency, and Miller Financial Group.
“We are pleased to announce the completion of additional office buildings at Rivulon and this line-up of high-caliber tenants,” said Ellis. “The demand for space at Rivulon is very high. People want to be part of a best-in-class project in a highly visible location with proximity to great amenities.”
In response to the growing demand, Nationwide Realty Investors has also announced the development of The Commons at Rivulon, a multi-building creative office neighborhood. The campus will have a main entryway off Rivulon Boulevard with easy access from both Gilbert Road and Pecos Road. The first phase of development will include two highly customizable, two-story, 100,000 square-foot buildings with large, open floor plans. These multi-tenant buildings will cater to technology, creative and collaborative tenants seeking open and flexible space in an integrated campus environment. The dedicated neighborhood will feature outdoor communal spaces, access to walking paths, and nearby retail and restaurants.
The Rivulon development is also adding another restaurant to its growing retail mix. Wildflower, a local café serving sandwiches, salads and baked goods will open in early April. The restaurant will join Sauce Pizza & Wine, Jersey Mike’s Subs, Yogi’s Grill Teriyaki & Roll, Grabbagreen, and an Isagenix retail store in the project’s 17,000 square-foot retail building. In addition, Audi Gilbert will open in late 2018 joining Gilbert’s first Mercedes-Benz dealership and a Volvo dealership now open along Gilbert Road.
Fred Darche and Spencer Nast of Lee & Associates represented Nationwide Realty Investors in the real estate transactions involving Morgan Stanley Smith Barney Financing LLC, Fairway Independent Mortgage Corporation, Security Title, and Miller Financial Group.
About Rivulon: Rivulon is a 250-acre mixed-use developed located at the corner of Gilbert Road and AZ 202 in Gilbert, Arizona. When fully complete, the $750 million business district will include 3 million square feet of Class A office space, +/-100,000 square feet of retail and restaurants, and hospitality uses. For more information visit: www.rivulon.com
About Nationwide Realty Investors: Nationwide Realty Investors is the real estate development affiliate of Nationwide and the developer of the Arena District and Grandview Yard in Columbus, Ohio, and Gainey Ranch Corporate Center in Scottsdale, Arizona. Directly and through joint ventures, Nationwide Realty Investors owns more than $2 billion in real estate investments.