AP NEWS

Irgens Leases 130,000+ SF to Bridgepoint Education

August 23, 2018

PHOENIX--(BUSINESS WIRE)--Aug 23, 2018--Irgens – Phoenix announces that Bridgepoint Education, Inc., has signed a long-term lease at the company’s Ascend at Chandler Airport Center project, located at 1181 E. Northrop Blvd. Bridgepoint Education will use the property for a call center, general offices, and administrative offices.

“Irgens builds new opportunities for our clients with each project. Ascend at Chandler Airport Center is a perfect fit for Bridgepoint as they expand their operations in Arizona,” said Jason Meszaros, Irgens senior vice president and managing regional director. “Chandler is an attractive location for innovative companies like Bridgepoint, and we look forward to completing this building to provide a creative workplace that meets their goals,” added Jason Anzalone, vice president of development with Irgens.

Ready in early 2019, the facility will feature an energy-efficient and open working environment, with a café, gym, and on-site health clinic. Currently, Bridgepoint employees in the area are working in a transitional location located in Tempe. Bridgepoint leased the space for a term in excess of 11.5 years and will take possession of the space in mid-April 2019.

“We’re looking forward to our planned expansion into a permanent location in the greater Phoenix area,” said Brent Fitch, Senior Vice President, Shared Services Operations, at Bridgepoint Education. “This new site will provide a positive and engaging environment for our employees here. This facility will be a valuable addition to our other locations, helping us to recruit new talent to complement our existing employees in California, Colorado, and Iowa.”

“We are pleased to welcome Bridgepoint Education to Chandler,” said Chandler Mayor Jay Tibshraeny. “This leading education services provider joins a rapidly growing employer base in our Airpark area. There has been a tremendous amount of development in the Airpark over the past couple years, including Ascend at Chandler Airport Center, and it is exciting to see these new buildings attract nationally recognized companies that create quality jobs.”

The building is located within Ascend at Chandler Airport Center, a multi-building business park at the northwest corner of South Cooper and East Germann roads in Chandler. The park is situated just off the SanTan Loop 202 at the Cooper Road interchange. When fully developed, the park will contain more than 400,000 square feet of the Valley’s most innovative work space.

Ascend at Chandler Airport Center was developed by Irgens. In addition to this building, Irgens has 20.5 acres remaining within the park that are available for build-to-suit or pre-lease developments from 40,000 to 250,000 square feet.

Chandler Airport Center is situated near Chandler Municipal Airport; Phoenix-Mesa Gateway Airport; Chandler Fashion Square; and a variety of other hotel, hospital, medical center, and retail amenities. Its location on the SanTan 202 Freeway appeals to prospective tenants because it provides access to nearly 1.8 million employees within a 30-minute commute.

Transaction Summary Tenant Broker: Tom Martinez and Mike Conner, CBRE Lessee: Bridgepoint Education, Inc. Lessor: Ascend Northrop, LLC Developer & Sponsor: Irgens Partners, LLC Landlord Broker: Jerry Noble and Greg Mayer, Cushman & Wakefield

For more information, contact: Jason Meszaros: 602-682-0200 | jmeszaros@irgens.com

About Irgens

Irgens is a full-service real estate solutions firm that has completed hundreds of successful projects totaling more than $2 billion in value throughout the United States over the past 30 years. With offices in Phoenix, Chicago, and Milwaukee, the Irgens team of real estate professionals offers creative and measurable solutions aimed at maximizing asset value and achieving total project success. To view a portfolio of Irgens projects, visit www.irgens.com.

About Bridgepoint Education

Bridgepoint Education, Inc. (NYSE:BPI) harnesses the latest technology to reimagine the modern student experience. Bridgepoint owns two academic institutions – Ashford University and University of the Rockies. Together, these programs, technologies, and resources represent a unique model for advancing education in the 21st century. Bridgepoint stands for greater access, social learning, and exposure to leading minds. For more information about Bridgepoint Education, email Corporate.Communications@bpiedu.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180823005478/en/

CONTACT: Media Contact:

The Rodie Company

Robin Rodie Vitols, 602-810-4120

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KEYWORD: UNITED STATES NORTH AMERICA ARIZONA

INDUSTRY KEYWORD: EDUCATION UNIVERSITY CONTINUING OTHER EDUCATION URBAN PLANNING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: Irgens Partners, LLC

Copyright Business Wire 2018.

PUB: 08/23/2018 10:00 AM/DISC: 08/23/2018 10:01 AM

http://www.businesswire.com/news/home/20180823005478/en

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