CHANDLER, Ariz. — D.R. Horton, the largest homebuilder in the United States, has purchased a 41,000 square-foot office building on Price Corridor to expand their local operations. Located at 1890 S. Price Road, D.R. Horton is beginning tenant improvements this month and plans to complete their office buildout by April 2025.
“We are thrilled to see another large Fortune 500 company like D.R. Horton commit to the office market in our coveted Price Corridor,” said Chandler Mayor Kevin Hartke. “Our Economic Development team continues to aggressively pursue office projects, and announcements like this will lead to continued momentum. We look forward to building a closer relationship with the D.R. Horton team in the years to come.”
“We are excited to have a permanent home for our Phoenix East Division within the City of Chandler. 1890 S. Price provides a convenient location for our team members as well as great access to all of our East Valley communities. We would also like to thank the City of Chandler and EQT Exeter for their hard work and collaboration on this transaction,” said Brent Davis, D.R. Horton Phoenix East Division President.
“We are honored to deliver D.R. Horton's newest division office on the ever-dynamic Price Corridor of Chandler,” stated Scott Guo, Market Leader for EQT Exeter. “Working with the D.R. Horton team and their brokerage representative Transwestern has been a pleasure. A special thanks to the professional staff at the City of Chandler, who moved mountains to provide the necessary municipal support to facilitate this transaction. We see abundant future opportunities in Chandler and will continue to invest in and provide the highest quality real estate solutions in the City.”
D.R. Horton will share the same campus as Yield Engineering System, a full-building semiconductor supplier welcomed in 2022. On this Price Road campus, one office building at 1900 S. Price Road remains available for occupancy. The building has been fully renovated with new mechanical systems and spans 76,398 SF across three floors.
A grand opening celebration for D.R. Horton is planned for Summer 2025 with further details to be announced at a later time.
D.R Horton, Inc.
Founded in 1978 and headquartered in Arlington, Texas, D.R. Horton has operations in 121 markets in 33 states in the North, East, Southeast, South Central, Southwest and Northwest regions of the United States. D.R. Horton has been the largest builder in the United States by volume since 2002. For over 45 years, D.R. Horton has consistently delivered top-quality new homes to homebuyers across the nation. The livable floor plans, energy-efficient features and robust new home warranty demonstrate our commitment to excellence in construction. D.R. Horton exhibits leadership in residential development through design innovation, superior craftsmanship and responsiveness to the needs of its customers. For more information, visit D.R. Horton. D.R. Horton is an equal housing opportunity builder.
About EQT Exeter
EQT Exeter is a global real estate investment manager with over $30 billion of equity under management. EQT Exeter acquires, develops, leases, and manages logistics/industrial, office, life science and residential properties in Europe, the Americas and Asia. With over 450 experienced professionals operating in more than 50 offices globally, EQT Exeter owns and operates over 2,000 properties and 375 million square feet. EQT Exeter's track record comprises over $45 billion in total property gross asset value since inception, spanning over 450 million square feet globally. EQT Exeter is the real estate division of EQT AB, a purpose-driven global investment organization.
About the City of Chandler
Chandler, Arizona has built a reputation as a Community of Innovation. Life in Chandler goes beyond a thriving and dynamic business community with progressive entrepreneurship. Known for its rich diversity, the city offers an outstanding quality of life for all generations with great schools and recreational opportunities. Chandler has grown to become the state's fourth-largest city with a population of more than 288,000. Chandler has been named one of the nation's Best Places to Find a Job and Best Cities for Women in Tech. The city also is one of the safest communities in the nation and boasts AAA bond ratings from all three national rating agencies, one of a select few cities and towns nationally to receive this prestigious designation. For more information, visit the city website, or connect with the city on social media.
Media contacts:
D.R. Horton Media Relations
MediaRelations@drhorton.com
Stephanie Romero
City of Chandler, Public Information Officer
480-782-2231
