Big Real Estate Deal Could Bring 3,200 Jobs to East Valley Hub

Article originally posted on Phoenix Business Journal on April 23, 2017

Another 3,200 jobs could be coming to Tempe at a new development being built at the Loop 202 and 101 freeways.

Freedom Financial Network — a Silicon Valley based online financial services and debt consolidation firm — has inked a 300,000-square-foot lease at Rio2100.

That is a 52-acre development being built by The Boyer Co.

FFN already has approximately 1,600 workers in the region and wants to double that number at the new campus.

CBRE Group’s (NYSE: CBG) Bryan Taute and Charlie von Arentschildtrepresented Boyer and Pat Williams and Gregg Walker with JLL (NYSE: JLL) represented FFN in the build-to-suit lease.

Tempe has landed a number of big jobs and developments including campuses for State Farm and Northern Trust (Nasdaq: NTRS).

JPMorgan Chase & Co. (NYSE: JPM) is also building a new 4,000-worker campus at Elliot Road and Loop 101 freeway.

CBRE’s Taute said Tempe keeps on building in its economic and jobs momentum.

“Rio2100 leverages unique location advantages including unparalleled access to the Valley, unmatched visibility along the 101 and 202 freeways, and proximity to Tempe’s premier retail, dining and entertainment options,” said Taute. “Further development along Rio Salado Parkway demonstrates the continued strength of the Tempe submarket. With Freedom Financial now in the mix, tenant interest and activity will increase as we turn our focus to Phase I and future phases.”

Freedom Financial will occupy two buildings at the Rio development. They have visibility from the Loop 202 freeway.

“We are proud to be partnering with The Boyer Company, and ecstatic to be increasing our commitment to Tempe,” said Freedom Financial Network co-founder and CEO Brad Stroh. “We have an amazingly talented team of 1,600 teammates today, and we’re excited to be building our future campus that will allow us to double our team in Tempe. The project, location, and partners are perfectly suited to meet our growth aspirations.”