Stevens-Leinweber Principal Purchases Camelback Corridor Office Building for Expansion
An entity formed by Stevens-Leinweber Construction President Jamie Godwin has purchased a two-story office building within metro Phoenix’s Camelback Corridor area, earmarking the multi-tenant property for a substantial renovation and home for the company’s new, expanded headquarters.
The building sits on just over one acre at 5045 N. 12th St. in Phoenix and totals 28,564 square feet. It was purchased for $3.85 million, with more than $2 million planned in tenant improvements and building shell updates.
A leading Phoenix-based general contractor, Stevens-Leinweber Construction (SLC) will occupy 10,000 square feet of the building, representing an expansion from its current 7,844-square-foot office located less than one mile away at 730 E. Highland Ave. SLC currently employs more than 80 team members and continues to grow.
“We are a homegrown Phoenix company that focuses solely on the Phoenix market. Being able to grow and serve our clients here is an honor, as is the opportunity to bring new life to this building,” said Godwin. “The creation of our new headquarters will allow SLC to do what we do best, which is to apply our expertise and creativity to help metro Phoenix commercial real estate achieve its highest and best use.”
Founded in 1981, SLC is one of the Valley’s largest and most active locally based construction firms, providing general contracting, construction management and consulting, tenant improvement and ground-up office and industrial development services. Driven by the motto “Promises Made. Promises Kept.” the company has completed more than 9,000 projects since its inception.
Chris Krewson of Newmark represented SLC in the purchase of the 5045 building. Wally Hale and Drew Sampson of Avison Young represented the building seller, 5045 Associates LLC.
SLC is working in collaboration with Phoenix-based McCarthy Nordburg to design and deliver its new corporate headquarters space, with a focus on productivity, employee-centric amenities and comforts. Highlights of the new SLC office renovation include exposing the building’s concrete structural T-beams, adding skylights in open office areas, creating glass-lined private offices and conference spaces, and establishing an employee break room featuring a beer tap, shuffleboard table, interactive Golden Tee golf arcade station and complimentary snacks and beverages.
Other planned improvements include renovations to the building’s shared courtyard and common areas, new HVAC systems and the addition of a fire sprinkler system.
Built in 1964 and renovated in 1997, the 5045 building is currently leased to multiple tenants including Pinnacle Family Services, accounting firm Abbott-Privee PLLC and law firm Hienton & Curry PLLC. It sits just off of Camelback Road, with direct access to the broad retail and restaurant amenities of the Camelback Corridor. It is also minutes from US-51/Piestewa Freeway, downtown Phoenix and Sky Harbor International Airport.
Construction on SLC’s new headquarters is underway now, with completion and move-in by the company expected by the end of 2023.