PROVISION, specialty coffee roaster, cocktail bar, and eatery located in the Arcadia neighborhood, just leased its second location. The popular local coffee concept will be the newest addition to the 7th Street corridor, already home to Phoenix restaurant mainstays like The Yard, Mora Italian, Stock and Stable and more.
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At its current location on the northeast corner of 32nd Street and Campbell Avenue, PROVISION specializes in a variety of coffee beverages, including nitro cold brew, unique coffee-based cocktails, signature espressos and teas. The new location will expand this offering with a new food menu of breakfast, lunch, and tapas options.
The new location will be a feature in the LINK, a dynamic 3-story glass-enclosed structure joining the two office buildings on the southeast corner of 7th Street and Missouri Avenue. Along with PROVISION, the new space will serve as a common amenity area for tenants in the newly renovated office project.
“We are so excited to join a vibrant community and serve our heartfelt vision for the space,” Lawrence Jarvey, co-founder of PROVISION, said. “It’s an incredible space and we hope people will be inspired and enjoy the new full food menu we are launching in the new location.”
The two office buildings, originally constructed in the late 1970s, were purchased in 2019 by the ownership group comprised of WHI Real Estate Partners and Mainstreet Capital Partners. The group recognized the offices no longer reflected the dynamic restaurant and retail activity in the area and had the vision of a complete transformational rehabilitation and reconfiguration of the project.
“As the 7th Street corridor has matured, the 7th Street and Missouri Avenue intersection has become a focal point for office tenants that value numerous walkable amenities and restaurants nearby,” David A. Warren, partner at Mainstreet Capital Partners said. “The LINK project is a result of that demand and will not only cater to our tenants, but the surrounding residential neighborhoods as well.”
Teale Bloom and Cameron Warren at Phoenix Commercial Advisors provided leasing representation to the ownership group.
Office suites, ranging from 1,500 square feet to 14,000 square feet, as well as 3,000- to 6,000-square-foot ground-floor retail spaces are available in the 711 East Missouri Avenue building, fronting 7th Street.
Founded by Dan Suh and Lawrence Jarvey, the concept of PROVISION is built on a passion and belief in building community — and connecting people — through high quality coffee, food, and drinks. Suh and Jarvey are committed to responsibly sourcing coffee while also helping the lives of the farmers that grow and harvest coffee around the world. For more visit, www.provisioncoffee.com.
WHI Real Estate Partners manages a series of fully discretionary real estate funds whose investors include university endowments, foundations, health care systems, pension plans and family offices, among others.
Mainstreet Real Estate Partners is a real estate investment and management firm specializing in providing value-added returns through acquisition, development and repositioning of office, industrial and multi-family properties.
WHI Real Estate Partners has invested in several office projects in the Phoenix metro area, including the highly successful redevelopment of The Quad office project at 64th Street and Thomas Road in Scottsdale, Ariz. Mainstreet Capital Partners and its local partner, Warren, have been involved in the acquisition and renovation of numerous office projects throughout metro Phoenix, including Anchor Center at 22nd Street and Camelback Road and its current renovation of Camelback Lakes at 28th Street and Camelback Road.