Five Star Development Enlists CBRE to Lease Buckeye Business Center

Five Star Development has enlisted CBRE to lease and market its 698,853 square-foot, multi-tenant Buckeye Business Center in Phoenix.

Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE's Phoenix office will lead the marketing and leasing efforts for the Class-A facility (8585 W. Buckeye Road) located along Buckeye Road between 83rd and 87th avenues.

Built in 2015, the center can potentially house up to seven tenants and offers bay sizes of approximately 20,457 square feet, office improvements to suit, 32-foot clear heights, dock equipment and high-efficiency lighting included in base package, up to 350 available parking spaces and is Foreign Trade Zone capable.

"We're excited to be working with Five Star Development on Buckeye Business Center," said Feeney. "Just two weeks into the job and we already have robust interest from prospective tenants, particularly those with distribution requirements. Located in the Tolleson submarket, the center is ideally located with its proximity to the I-10 freeway as well as a strong labor pool for potential users to pull from in the immediate area."

Feeney added that the team already has three RFPs from users in industries ranging from healthcare and pharmaceuticals to electronics, among others.

For more information on Buckeye Business Center, contact Pat Feeney at 602-735-5530.

About Five Star Development
Founded in 1978 and headquartered in Scottsdale, Ariz., Five Star Development owns and develops projects in multiple real estate asset classes including hospitality, industrial, residential and retail in Arizona, California, Texas and New Mexico. For more information, visit www.fivestardevelopment.com.

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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