Hello, readers! Let’s get into another week of Business Briefcase.
First this week, BH Properties of Los Angeles purchased the Honeywell Aerospace Glendale DSES Campus at 19019 N. 59th Avenue, south of the Loop 101 and in Arrowhead Ranch. Constructed in 1986, the Honeywell campus is around 252,300 square feet on 45 acres and features offices, clean rooms, R&D labs and assembly areas. Honeywell International Inc. occupies the entirety of the space, for which the lease was recently extended until July 2024.
“The Honeywell facility is a great example of our long-term commitment to the greater Phoenix market. This facility is critically important not only to Honeywell but also to Arizona, as aerospace and defense manufacturing is the fourth largest employment sector in the state,” said Andrew VanTuyle, senior managing director of investments for BH Properties.
“This acquisition offered us the opportunity to purchase a mission-critical facility that has not changed hands in 30 years and expand our growing presence in the west with a signature asset.”
Next, West Valley Bancorp, Inc. and West Valley National Bank President and CEO Candace Hunter Wiest has been named chairwoman of Delta Dental of Arizona’s corporate board of directors. Prior to this promotion, Wiest has been on the dental insurance company’s board since 2014. She has also held roles on the company’s compensation, finance and strategy committees.
Wiest is also a director of West Valley National Bank and West Valley Bancorp Inc., and a director and the secretary of Cancer Treatment Centers of America’s Western Regional Medical Center.
Earlier in her life, Wiest — who had prior to this worked in the hospitality and insurance industries — entered the banking industry as a loan clerk in 1986. Last year marked her 25th anniversary as a CEO.
“Candace’s business acumen and risk management experience are remarkable assets to the organization and I could not be more thrilled to work alongside her,” said Allan Allford, president/CEO of Delta Dental of Arizona.
“Candace’s guidance will better position Delta Dental of Arizona in the marketplace as we continue to optimize business operations and pursue new opportunities to promote optimal oral health.”
Moving along, StarshineAZ, 6801 N. Glen Harbor Boulevard, Suite 201, has planned an event focused on “Nondisclosure Agreements and What They Actually Do” from 11:30 a.m. to 1 p.m. Tuesday, May 14. The event will be presented by Megan Porth, founder and managing attorney of Your Contract Shop, who will teach participants what nondisclosure agreements are and how they should be used, what information is protected in a nondisclosure agreement and the best practices on reading, writing and negotiating a nondisclosure agreement.
Attendance is free for Starshine Communities members and potential new members, though it is open to the public. Nonmembers must pay $20. For more information on StarshineAZ or a free trial membership, visit starshineaz.com. For more information on the event, visit https://bit.ly/2H4Bo5R.
Then, from 5 to 7 p.m. Thursday, May 16, the Glendale Chamber of Commerce will hold its next Business After Hours event at Arrowhead BMW, 19250 N. 101 Loop. The event allows local businessmen and -women to come together and share ideas, products and services. It is recommended that attendees bring flyers or brochures. For members, early registration is complimentary if registered by the Monday prior to the event; otherwise, attendance costs $20. For nonmembers attendance costs $60. Reservations are required. For more information, call the chamber at 623-937-4754.
That’s all the briefs for this week. Thanks for reading!