uuid

dealPage_DealQuery

viewer

wrapper_Viewer

dealPage_dealHeaderViewer

dealPage_DealPassReasonViewer

dealPage_DealInquiryProviderViewer

dealPage_DealFooterForCustomDesignViewer

dealPage_DealBodyViewer

dealPage3_DealPage3Viewer

teaserDealPage_TeaserDealPage_Viewer

content

wrapper_Content

deal

type

dealName

dealHeadline

filesUrl

files

dealPageType

landingPageContent

dealPage_dealOwnerHeader

dealPage_dealHeader

dealPage_dealBody

dealPage_dealMap

dealPage_dealPassReasonFooter

dealMeta_Deal

dealPage_DealHeaderForCustomDesign

dealPage_DealBodyForCustomDesign

dealPage_DealFooterForCustomDesign

dealPage_DealInquries

vdrTable_VdrTableDeal

dealPage3_DealPage3

teaserDealPage_TeaserDealPage

actor

canEditInvestorSubscription

hasInvestorCenterSubscription

demoUrl

viewerIsEditor

dealPageUrl

dealEditUrl

dealTypes

highlightedEconomics

totalDealSizeMillions

addresses

economics

teaser

offeringMemo

user

galleryFiles

propertyTypes

riskProfiles

dealDescription

richDescription

shouldSpotlightDealUser

highlightedUsers

ownerCompanies

sponsorEquityMillions

financedPreferredEquityMillions

financedPreferredEquityFilled

financedPermanentLoanMillions

financedPermanentLoanFilled

financedMezzLoanMillions

financedMezzLoanFilled

financedLpjvEquityMillions

financedLpjvEquityFilled

financedLandLoanMillions

financedLandLoanFilled

financedConstructionLoanMillions

financedConstructionLoanFilled

financedCogpEquityMillions

financedCogpEquityFilled

financedBridgeLoanMillions

financedBridgeLoanFilled

sponsorEquityPercent

financedCogpEquityPercent

financedLpjvEquityPercent

financedPreferredEquityPercent

financedMezzLoanPercent

financedConstructionLoanPercent

financedBridgeLoanPercent

financedPermanentLoanPercent

financedLandLoanPercent

inquiries

company

viewerPassReasons

potentialPassReasons

pageDesign

thumbnailImage

publicImage

visibility

dashboardUrl


  <div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
   justify-content: center; font-family: Inter,sans-serif; ">
    <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F202647f2-91d5-452a-a395-64b8b5edecb6%2Ffafcc531-601f-4290-89b1-0f514ba3426d" onerror="this.style.display='none'" alt="501 Gateway Image" style="object-fit: cover; width: 200px;" />
    <p style="margin-top: 0.5rem; text-transform: uppercase; font-size: 10px; letter-spacing: 0.025em;"> Office </p>
    <p style="margin-top: 0.05rem; color: #0D1321; text-align: left; font-weight: 400; font-family: Cormorant Garamond, serif; font-size: 20px;">
      501 Gateway
    </p>
    <p style="margin-top: 0.25rem; text-transform: uppercase; font-size: 8px; letter-spacing: 0.1em;"> Phoenix,  AZ </p>
    <p style="margin-top: 0.25rem;">By Cushman &amp; Wakefield</p>
    <a href="https://platform.reverecre.com/project/202647f2-91d5-452a-a395-64b8b5edecb6" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
      View Listing
    </a>
  </div>


Cushman & Wakefield plc (together with its subsidiaries, “Cushman & Wakefield,” “the Company,” “we,” “ours” and “us”) is a leading global commercial real estate services firm with an iconic brand and approximately 50,000 employees led by an experienced executive team. We operate from over 400 offices in 60 countries, managing over 4.1 billion square feet of commercial real estate space on behalf of institutional, corporate and private clients. We serve the world’s real estate owners and occupiers, delivering a broad suite of services through our integrated and scalable platform. Our business is focused on meeting the increasing demands of our clients through a comprehensive offering of services including Property, facilities and project management, Leasing, Capital markets, Valuation and other services. In 2020, 2019 and 2018, we generated revenues of $7.8 billion, $8.8 billion and $8.2 billion, respectively, and service line fee revenue of $5.5 billion, $6.4 billion and $6.0 billion, respectively.

Managing Director

Executive Managing Director

Vice Chair

Managing Director 

Sales Team

Four-story institutional-quality office project totaling ±102,305 square feet (SF) and adjacent four-story parking garage.

±76% leased to a diverse mix of high-quality tenants.

Outstanding near-term leasing success. Despite being in shell condition, 12,365 SF (12% of the building) was leased to two tenants in the 2nd quarter.

Over $5.1 million invested in renovations, building systems upgrades and tenant improvements from 2016 to present.

Flexible L-shaped floor plates, which are perfectly suited to efficiently accommodate both large and small tenants. 

Buildings with floor plates accommodative to smaller tenants (up to 30,000 SF, divisible to 3,500-5,000 SF) within a 3-mile radius of 501 Gateway boast a healthy ±13.7% vacancy rate.

Significant tax savings potential from pending appeal (not modeled herein, call Cushman & Wakefield team for details). 

Exceptional value with pricing at approximately a fraction of replacement cost. Recreating a building of this size and quality would exceed ±$500/SF.

Expansive window lines provide majestic views from upper floors of the Papago Buttes, Camelback Mountain, and Sky Harbor International Airport.

True ‘transit’ location within walking distance of the Metro Light Rail, four (4) different freeways within five (5) miles of the property, and near-immediate vehicular and rail access to the Sky Harbor International Airport.

Strategically located at the northwest border of Downtown Tempe, benefiting from access to Tempe’s Mill Avenue Entertainment District, a 24/7 live-work-play urban hotspot, and its other amenities.

Eric Wichterman is an Executive Managing Director with 29 years of experience. He specializes in the sale of office investment properties and heads the top private capital markets team in the Greater Phoenix area.

Over his career, Eric has closed over 591 sale transactions totaling over $4.1 billion in consideration, resulting in an unprecedented market share in the mid-cap sector of the Valley's office investment market. He has been the top overall producer of the Phoenix office 12 of the last 16 years.

Eric serves on the Executive Board of Cushman & Wakefield's national Private Capital Group which represents mid-cap investors and private clients in acquisitions and dispositions of investment properties in the southwest.

Overview

Photo Gallery

Sales Team

Inquire