(NEWS RELEASE)
The Alter Group announces three new headquarters leases at Riverwalk Arizona (www.riverwalkarizona.com), a 187-acre mixed-use business park in Scottsdale, AZ. Progress Residential will lease 34,558 SF of space, IDT911 signed for 18,763, and Payroll Experts will occupy 7,824 SF. Michael J. Alter, President of the Chicago-based national corporate real estate development firm announced the transactions.
Progress Residential is one of the largest providers of high quality single-family rental homes in the United States, with homes in the country’s fastest growing markets. Outside of Scottsdale, they also have regional offices in Tampa, Las Vegas, Dallas, Houston, and Atlanta.
Matthew Coxhead, Managing Director, Savills Studley, represented Progress Residential. Kurt W. Rosene, Principal, Novo Development, represented The Alter Group.
IDT911 signed a long-time lease extension and is expanding its operations at 7580 N. Dobson Rd. The company is the leading provider of services that help businesses and their customers defend against data breaches and identity theft. IDT911 offers unrivalled support for more than 660 client partners and 17.5 million households. Founded in 2003 by Adam K. Levin, the company has grown dramatically with locations in the United States, Canada and Ireland. With its wholly owned subsidiary, IDT911 Consulting™, IDT911 delivers information security and data privacy.
Mark Seale, Senior Director with Cushman & Wakefield, represented IDT911 in the lease negotiations. Kurt W. Rosene, Principal, Novo Development, represented The Alter Group.
With 1,000 active clients and growing, Payroll Experts provides outsourced payroll solutions and cloud-based Human Resource Management solutions, including applicant tracking, paperless employee on-boarding, benefit administration, performance review management, time and attendance, 401(k), employee benefits and Human Resource consulting, serving businesses with up to 5,000 employees Nationwide. With their clients’ employee footprint in all 50 states and the US Virgin Islands, Payroll Experts is responsible for the timely and accurate payment of 40,000 employees nationwide, and move over two billion dollars each year.
Tom Nicholas, Senior Vice President, San Diego Region, Colliers International, represented Payroll Experts. Kurt W. Rosene, Principal, Novo Development, represented The Alter Group.
One of the country’s largest developments on Native American land to date, Riverwalk Arizona will yield an estimated 1,500,000 SF of corporate office and retail space, and create up to 15,000 new jobs. Riverwalk Arizona is set on prime land owned by the Salt River Pima-Maricopa Community, home to the Pima and Maricopa Indians, descendants of the ancient Hohokam Indians.
The Alter Group is a national corporate real estate development firm with five vertically integrated affiliate companies. The firm, founded by William A. Alter in 1955, has developed close to 100,000,000 SF of speculative projects for its own portfolio and build-to-suit facilities for corporate users. This year, the company has 2,500,000 SF of space permitted and ready for development in markets across the nation. Information at www.altergroup.com.
