Menlo Group Arranges Lease for Offerpad Headquarters
Menlo Group Commercial Real Estate has successfully negotiated the lease of a 40,000 sq. ft. space in Chandler on behalf of Offerpad.
Tempe, AZ, October 02, 2018–(PR.com)–Menlo Group Commercial Real Estate has arranged a six-year lease for Offerpad, a tech-enabled real estate company, at 2150 E. Germann Rd. in Chandler, Ariz.
Tanner Milne, president and founder of Menlo Group, represented Offerpad, and Mark Krison of CBRE represented the landlord, Douglas Allred Company.
The property, which is located near the Chandler Municipal Airport, will serve as Offerpad’s permanent headquarters when the company moves in early next year. The nearly 40,000-square-foot space will meet the demands of Offerpad’s ever-growing staff.
“To watch this all come together has been exciting,” Milne said. “I’ve been working with the Offerpad founders since the beginning, and I’ve enjoyed getting to grow with them. I’m excited to see what they do next.”
Milne first worked with Offerpad when the company moved into its current offices in Gilbert. He was also involved with the opening of Offerpad offices in cities such as Atlanta, Las Vegas and Orlando. Since its inception in 2015, Offerpad has participated in thousands of real estate transactions and is projected to purchase and sell $1.5 billion in single-family homes over the next year.
About Menlo Group
Menlo Group is a full-service commercial real estate brokerage headquartered in Tempe, Ariz. We specialize in buyer/tenant representation, seller/landlord representation, investment services, real estate consulting, property management and project management. We exist to support clients, advisors and employees in their professional objectives through effective real estate strategies. Please check out our other press releases to read about our other notable commercial real estate transactions.