Stockdale Capital Partners, a Los Angeles-based, vertically-integrated real estate investment firm, is committing over $20 million on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, Arizona to be a fully lab-enabled life science facility. The renovation will also include several move-in-ready wet lab suites, and upgraded tenant amenities including a fitness center, 110-person capacity auditorium, meeting space, tenant lounge, and 1.5-acre rooftop garden.
Ilume is a versatile 370,000 square-foot Class A, LEED-certified building able to serve life sciences, medical and office tenants. The building was originally designed by famed architect Will Bruder and served as the former Henkel North American headquarters.
In conjunction with its renovation plan, Stockdale also recently hired Cushman & Wakefield’s life sciences broker team comprising Alexandra Loye, Scott Boardman, and Kristina Cutillo in Phoenix to handle leasing efforts for the transformed property.