The former Macy’s building at Fiesta Mall will be transformed into the Fiesta Corporate Campus, creating an office center with the potential to house up to 1,300 employees.

Verde Fiesta I, LLC, represented by Scott Jackson and Steven Johnson, has reached an agreement with Macy’s, Inc. to purchase the building. Adam Madison of Cushman & Wakefield of Arizona’s Retail Properties division represented Verde Fiesta in the negotiations.

Rendering of Fiesta Corporate Center at Fiesta Mall. (Rendering courtesy of the City of Mesa).

Rendering of Fiesta Corporate Center at Fiesta Mall. (Rendering courtesy of the City of Mesa).

“Fiesta Mall is the center of the Fiesta District and this reuse of Macy’s is exactly the type of urban development we’ve had in mind for the area,” Mayor John Giles said at a press conference in downtown Mesa. “I’m pleased to welcome Verde Fiesta I, LLC and wish them the best of success.”

Cushman & Wakefield also handles property management of Fiesta Mall, with the exception of its big box retailers. The property is a two-story building consisting of 158,000 square feet on 8.13 acres.

The Fiesta Corporate Campus is an important first step to reinvigorate the 35-year-old mall. Macy’s closed its store at Fiesta Mall in early 2014.

“The development by Verde Fiesta I, LLC at the Macy’s site is much needed shot in the arm for Fiesta Mall. This project will add to the investments made by the City of Mesa and area stakeholders to strengthen the entire Fiesta District,” Vice Mayor Dennis Kavanaugh said.

Construction to remodel the building is scheduled to begin this fall. The exterior of the building will be modernized under the Fiesta District design guidelines. A 2,500 square foot patio/break area will be added to the upper-level providing a comfortable setting for employees with seating, views of the Fiesta District and natural shading.

“The property has many key features for companies considering locations in the east valley including freeways and immediate access to hotels, restaurants and a diverse labor force,” Verde Fiesta I, LLC Partner Scott Jackson said. “The building design provides a strong corporate image and the high ceilings, data services and plentiful parking will meet today’s office user needs.”

Jackson said Verde Fiesta is looking to attract a single tenant. However, he added that there could also be up to four tenants. Verde Fiesta paid $2.750 million for the property. Construction of the project is expected to take 18 months.