Menlo Group successfully negotiated multiple transactions to fill Surprise Professional Plaza, located at 15331 W. Bell Rd. in Surprise, Ariz.
Tempe, AZ, August 24, 2021–Menlo Group Commercial Real Estate is excited to announce that Surprise Professional Plaza has reached 100 percent occupancy. The full-service commercial real estate brokerage successfully completed nearly 30 sale and lease transactions to fill the three-story, multi-tenant office and medical property.
In 2015, owners of the office complex first approached Menlo Group Advisors Rich Andrus, MBA, CCIM, and Stuart Milne, CCIM, about listing the property. At the time, the space only had two tenants.
Andrus and Milne worked with the owners to create a strategy to turn the building into condominiums. They enlisted the assistance of Adam Baugh and his team at Withey Morris to successfully complete the zoning and re-platting process in early 2018.
With condos in place, the owners could take advantage of the high demand for owner/user product in the area. This approach also enabled Menlo Group to lease spaces and then sell them as investment opportunities.
“We have worked with Menlo Group on a variety of projects throughout the years, and they never fail to deliver exceptional service,” said Patrick Brown of RRS & Company. “Surprise Professional Plaza is a quality asset, and we’re glad to see so many great businesses in the building.”
Over the years, Menlo Group has worked with groups such as Sonora Quest, Office Evolution and Edward Jones to move into the 49,554 sq. ft. space. Surprise Professional Plaza is located at 15331 W. Bell Rd. in Surprise, Ariz., near Adelante Healthcare Surprise and many major retailers and restaurants.
“We have enjoyed working with the property owners to creatively market the space, and we’re excited to see the final suites sell,” said Milne. “The Phoenix metro office and medical office markets continue to be on fire, making it a great time to lease or sell.”
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 contact our landlord/seller team to discuss listing your commercial property.