Columbus-based Nationwide Realty Investors has signed a lease with Arizona based health and wellness leader Isagenix International, LLC to occupy a 3-story single-tenant building at its master-planned Rivulon development in Gilbert, AZ. Also completed is a land swap agreement with LA Fitness.
The Isagenix lease agreement launches the first phase in the 250-acre Rivulon development located at the corner of Gilbert Road and the AZ Loop 202. The 150,000-square-foot building for Isagenix is scheduled to be completed in late 2015 as part of the approximately three million square feet of Class A office planned for the project.
The 4-story, 125,000 square foot speculative office building originally planned for this site, will shift slightly east, and be located adjacent to the Isagenix building on the AZ Loop 202. Construction on the speculative office building will begin in the second half of 2014 with anticipated completion in fall 2015.
Isagenix is represented by Pat Williams and Andrew Medley of Jones Lang LaSalle and Nationwide Realty Investors is represented by Fred Darche and John Cerchiai of Lee & Associates.
Nationwide Realty Investors has also agreed to a land swap deal with LA Fitness to allow for an LA Fitness facility to be built adjacent to the Isagenix building. The fitness facility will serve as a key amenity for Rivulon tenants and residents. Construction of the LA Fitness building will begin this month, with anticipated opening in March 2015. LA Fitness is represented by Walt Brown of Diversified Partners and Nationwide Realty Investors is represented by Fred Darche and John Cerchiai of Lee & Associates.