Press Release – Warehouse District Property Leased

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December 21, 2015 (Mesa, Arizona)

Phoenix based WebPT and Galvanize, a Denver based technology educational company, will soon be occupying 122,000 SF at 515 E Grant Street in the historic Warehouse District of downtown Phoenix. TJ Zaharis, designated broker for COBE Real Estate, represented the owner of the warehouse, Cowley Cos. Inc. in negotiating the long term leases which will include extensive renovations of the 1946 red brick warehouse.

With an expected move in date of September 2016, the warehouse renovation along with these two highly successful companies as tenants, will create a unique transformation of a former produce distribution facility into a hip and innovative high tech campus.

This will be the 5th move for WebPt, a web-based physical therapy electronic medical records company. They will move across the street from their current warehouse location and double their current space.   “We’re staying with the theme of collaborative, open spaces, with lots of meeting rooms,” said WebPT co-founder and President Heidi Jannenga . “We’re cutting up the floor so you can see the basement level from the main floor (like a reverse loft) and there will also be a mezzanine loft for the three-level office.”

The extensive renovations by Cowley Cos. Inc., will also include construction of an amphitheater, recording studio, restaurant and coffee shop.

“The central location and affordability of the Warehouse District lets us be centrally located and convenient to students,” said Jim Deters, founder and CEO of Galvanize. “We saw the Warehouse District as a place creative people want to be,” Deters said. “We need to be in the middle of that work cluster.”

TJ Zaharis, who represented Cowley Cos in the negotiations, sees the Grant Street Warehouse project as a catalyst for future investment and employment over the next decade. “The Downtown Warehouse District has a vast amount of early last century properties that are perfect for this technology office use.” Zaharis further states, “This announcement is a big win for the Warehouse District that has been years in the making – all the collaboration between the public and private sectors should be celebrated for truly being pioneers in this revitalization.