AZ: Nationstar Locates in Chandler’s Price Corridor, Creating 1,200 Jobs
5 Jun, 2013
Continuum Science & Technology Park in Chandler’s Price Corridor has located its first major company, Nationstar Mortgage. Nationstar is one of the nation’s leading mortgage servicers and lenders.
Nationstar will be placing 1,200 new jobs in 160,000 square feet of space, with an option to expand. The company is currently occupying temporary space in the same building as tenant improvements are completed.
“Nationstar is strong and growing, and we’re excited to be opening our newest site in Chandler,” said Nationstar Mortgage Executive Vice President Mike Rawls. “The Chandler area provides access to existing mortgage industry talent and a well-educated workforce. We look forward to building a great team here.”
The jobs will be in the Advanced Business Services sector, including mortgage processing and origination as the company collects and processes loans.
“Chandler’s broad spectrum of industries serves us well as companies evaluate whether a community has the potential for industry partners,” said Mayor Jay Tibshraeny. “We have developed the workforce Nationstar needs through a strong financial services sector and the partnerships Chandler has in place with ASU and the University of Arizona.”
““I’m pleased to welcome a great employer like Nationstar Mortgage to Chandler, which has gone above and beyond in its mission to attract high-impact companies to the Price Corridor,” said Barry Broome, president and CEO of the Greater Phoenix Economic Council. “The southeast valley’s strong labor pool is a proven asset for the region, and was no doubt a key factor in Nationstar’s decision.”
“I want to thank the Nationstar team for its confidence in, and commitment to Arizona,” said Sandra Watson, President and CEO, Arizona Commerce Authority. “This project represents a significant investment in our state and will create hundreds of jobs for Arizonans. It continues to showcase Arizona as a state rich with talent and full of opportunity, with the government backing to support individual business success.”
Continuum is a 153-acre, master planned Science & Technology Park that advances the vision of the Price Corridor as a ‘super technology’ region, making Chandler competitive on an international scale. Continuum is expected to be home to 8 to 12 thousand jobs and generate $250-$300 million in primary economic impacts at build-out.
““Nationstar’s desire for prominent identity, unparalleled infrastructure, and a quality labor pool made our project a perfect choice, and we couldn’t be more excited to have them as one of the first tenants at Continuum,” said Kevin Miller, Senior Vice President-Southwest Region, Capital Commercial Investments. “The addition of Nationstar continues to reinforce our position as one of the premier business parks in the valley.”
Nationstar joins notable employers in the Price Corridor in key industries of Aerospace, Life Sciences, High Technology R&D/Manufacturing and Advanced Business Services.
Price Corridor is credited for developing the high-tech manufacturing industry across the state and is key to the location and continued expansion of Intel as Air Products invested in an ultra-pure nitrogen pipeline through the Corridor. Continued investment by the City of Chandler and others in infrastructure, including high capacity wet utilities, power and telecom and industrial power infrastructure, make the Price Corridor competitive on an international plain.
Price Corridor extends six miles along the southwestern portion of Chandler, Arizona. The Corridor’s commercial real estate mix includes Class ‘A’ office, executive office suites, light industrial parks, mixed-use projects and corporate and technology campus settings.
Key employers include Amkor Technology, Bank of America, ebay/Paypal, Freescale, Hanjin Shipping, Infusionsoft, Intel, Isagenix, Isola, Microchip Technologies, Orbital Sciences, Rogers Corporation and Wells Fargo.
For more information, visit www.chandleraz.gov/pricecorridor.