Discovery Business Campus
By: Alison Melnychenko, owner of Scottsdale, Arizona-based Word Games - Fall 2016
In June 2010, WPC first toured the former Motorola/Freescale Semiconductor campus, which consisted of four industrial buildings totaling about 770,000 square feet (451,000 square feet of which were occupied) and three ancillary buildings totaling 50,000 square feet. On paper, this property looked like a clear “no.” Nothing about it — its outdated design, aging infrastructure and unknown demand in the submarket — seemed to make sense.
But Jim Wentworth Jr., principal with WPC, saw a blank canvas and an opportunity. He recognized the value of the property’s location in Tempe, Arizona, adjacent to the Loop 101 freeway at a full-diamond interchange, as well as its size (136 acres) and proximity to a large, educated workforce. Wentworth knew that translated to three of the top “wish list” items for a corporate user: access, parking and labor. WPC committed to utilizing the existing buildings, believing that the structures could be redeveloped into modern office space. Staying true to that belief, WPC and Northwood purchased the property in June 2011, exactly 12 months after that first property tour, and immediately renamed the project Discovery Business Campus.
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