The new iFactor office will feature a number of collaboration spaces and video conferencing in meeting rooms to support communication between employee teams and the utility companies using iFactor software. “Situated in the rapidly developing Downtown Tempe area, the location gives employers access to an abundant pool of talent with the largest public university in the country – Arizona State University – located only five minutes away, while also providing an amenity-rich downtown vibe that the millennial workforce is attracted to.” “We were able to negotiate deal terms at Hayden Ferry 3 that will help iFactor attract and retain great talent, including a great signage package and lease flexibility that accommodates their future needs from a growth perspective,” said Bartos. The firm has grown over 38 percent in 2015 and expects to grow an additional 45 percent within the next two years. The new space is located on the fifth floor of the building and will create an open floor plan to encourage collaboration.
IFactor signed a lease for 17,000 square feet to accommodate future growth. Ryan Bartos and Matthew Coxhead of Savills Studley’s Phoenix office negotiated the transaction on behalf of iFactor Bryan Taute of CBRE represented the landlord, Parkway Properties, Inc.
IFACTOR IN TEMPE SOFTWARE
Savills Studley represented utility software company iFactor with its long-term lease agreement at the new Hayden Ferry 3 development under construction in Tempe, AZ.
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