Pulte Homes, the home builder based in Bloomfield Hills, MI, has signed a 10-year, 96,000-square-foot lease to anchor the first phase of the Terra Verde Corporate Campus in Scottsdale, AZ.
Pulte will relocate from its current Arizona headquarters in Raintree Corporate Center in the fall of 2009. The lease is valued at approximately $30 million.
Currently under construction, Phase I of Terra Verde Corporate Campus is south of the southwest corner of Loop 101 and Bell Road. The three-story office building will total 183,984 square feet. Phase I is expected to deliver in the second quarter of 2009.
When complete, the campus will have three buildings totaling roughly 500,000 square feet.
Pat Williams and Steve Corney with The Staubach Company in Phoenix represented Pulte Homes. Michael Beall, Tim Whittemore and Chris Walker of Cushman & Wakefield represented the landlord, Desert Troon Cos.