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GERMAN CONSUMER PRODUCTS BRAND HENKEL SEEKING BUYER FOR ICONIC SCOTTSDALE HEADQUARTERS
CBRE Selected as Exclusive Advisor to Market Property
PHOENIX – June 09, 2017 – CBRE Group, Inc. announces the firm has been selected by German-based consumer products global leader, Henkel, to market and sell its 368,000 square foot Class A office and R & D facility as the company prepares for its early 2018 relocation to Stamford, Connecticut. Notwithstanding office and R&D space, the building lends itself to a multitude of uses including biotech, education, medical and data center.
Located at 7201 E. Henkel Way, in the prestigious North Scottsdale office market, the asset encompasses approximately 262,000 square feet of office space and 106,000 square feet of R&D space that can easily be converted into a variety of uses including office space. The property was designed by Phoenix-based architect, Will Bruder, and completed in 2008 as a build-to-suit for Henkel’s North American consumer goods headquarters.
“The property presents itself as a rare investment for its sustainable design, unique amenities and its flexibility to be completely customized to meet the needs of users in nearly any industry,” said Fijan, executive vice president, CBRE. “The live-work-play environment Scottsdale is known for continues to entice the millennial workforce, and attract large and notable employers, including HonorHealth, Vanguard, Fender, Quicken Loans and Axon, formerly Taser.”
Henkel gained its presence in the Valley with its 2004 acquisition of The Dial Corporation, previously one of Arizona’s largest corporations. Last year, Henkel acquired The Sun Products Corporation and plans to relocate its consumer products headquarters to Stamford, Connecticut, bringing it closer to its North American headquarters in Rocky Hill, Connecticut.
“Dial is a historic brand with long-standing roots in the Valley, and its tremendous impact on greater Phoenix will not be forgotten,” Fijan continued. “We are looking forward to finding a suitable buyer for this iconic property that will forever carry a piece of history along with it.”
The LEED® Certified building features a cafetorium–a combined cafeteria and auditorium space–and a three-level, 1,000-space subterranean parking garage. The property’s 82’ central atrium is capped with an energy-efficient “breathable” membrane skylight, the first of its kind in the western U.S., which allows textured light to penetrate into the heart of the building. A third-floor roof garden, with approximately 1.5-acres of outdoor space offering views of the McDowell Mountains and the Sonoran Desert, provides insulation for the floors below.
Situated at the corner of Loop 101 and Scottsdale Road, the property benefits from high accessibility to all submarkets of the Valley. Additionally, it is located less than five minutes from Scottsdale Municipal Airport and 25 minutes from Sky Harbor International Airport. Arizona State University, the largest nonprofit public university in the country with 50,000 students on its Tempe campus, is located approximately 20 minutes south of the property.
Note to media: A virtual tour of the property can be viewed here: https://www.youtube.com/watch?v=f2fUfbmd7SQ&feature=youtu.be
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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