PHOENIX, AZ – October 27, 2023 – Vero Capital (formerly Admiral Capital Group) is pleased to re-brand and redevelop Kierland I & II, a two-building office campus totaling 410,000 square feet in Scottsdale. Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, will lead leasing and management of the property.
Reimagined as Inisio at Kierland, the property overhaul includes a $29 million capital program over the course of the redevelopment that will establish its reputation as a premium, multi-functional workplace that strives to create a memorable experience for employees and visitors alike. Located at 16430 North Scottsdale Road and 16260 North 71st Street, the property is set to kick off construction with planned completion in Q3 2024.
The destination environment has been re-envisioned as dynamic, collaborative, and creative, with a primary focus on hospitality, inclusive of a dedicated, on-site Customer Experience Manager (CXM), where every aspect of the user experience will be a priority. Inisio’s first-class facilities, flexible workspaces, and range of lifestyle amenities will cater to the wellness, workspace, and lifestyle needs of today’s tenants. Accessible workspaces include a training center, shared conferencing, flexible huddle rooms, focus booths, a working library, and billiards break room. Employees can re-energize with health-focused amenities such as a state-of-the-art, 6,000-square-foot wellness center inclusive of thermal saunas, flex & recovery spaces, massage therapy, spa-inspired private showers & changing rooms, pickleball courts, and an outdoor fitness yard.
“It was important that the re-design and re-brand of the property focuses on the energy, wellness, and connectivity that is so important when it comes to attracting today’s modern workforce,” said Andy Stone, Managing Partner at Vero Capital. “We chose the name Inisio because it implies the start of something new—a new attitude, new mindset, and new vision for the future of the workplace—an inspired workplace community that fosters growth, innovation, and collaboration, and we believe that is exactly what this project will be.”
Creating engaging environments such as a curated coffee service, designated food truck zones, and an outdoor pavilion will add the space for personal connection that tenants seek, providing the opportunity to unwind and enjoy the outdoors on a regular basis. Additionally, Inisio’s proximity to neighborhood amenities such as high-end retail, dining, hotels, entertainment, hiking trails, and world-renowned golf courses, makes it both a convenient and accessible option.
“The vision of Inisio has always been an experiential office campus that goes beyond traditional workspace, offering employees a place to be inspired, equipped with everything they need to excel, and excited to show up every day,” said Stream Vice President Stirling Pascal. “The design of Inisio incorporates all the elements that tenants seek in today’s market, providing an artfully designed workplace with on-site amenities to enhance company performance. From high-end furnished spec suites to a 6,000 SF fitness center and numerous collaboration spaces, no detail was overlooked in delivering a best-in-class office experience.”
Leading the leasing at Inisio are Stream Managing Directors John Bonnell and Brett Abramson, and Vice Presidents Stirling Pascal and Chris Beall. Multiple spaces are available for lease, ranging from 2,000 to 60,000 square feet, and including five new spec suites that effortlessly align space and place with a mix of private offices and shared spaces to create efficiency and opportunity. For more information on availabilities or to schedule a tour, please reach out to Stream Phoenix at 602.855.0055.
About Vero Capital
Vero, formerly Admiral Capital Group, was founded in 2008 to deliver long term value to our investors and positively impact the communities where we invest. Since inception, we have acquired over $3 billion of real estate assets, and have invested in strategic private equity opportunities that benefit from our established relationships and competitive advantages. Vero has grown into a vertically integrated investor in focused strategies, while our Admiral partnership continues to support social impact investing. Our history of utilizing research and local market knowledge to identify relative value across asset classes and investing early in evolving themes and markets has resulted in a strong track record and long-term relationships with our investors.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.