CBRE’s Cooper Fratt Appointed to Discovery Triangle Development Corporation Board of Directors

CBRE March 4, 2014


Cooper Fratt

CBRE has announced that Associate Cooper Fratt has been appointed to the board of the Discovery Triangle Development Corporation. The DTDC deploys its expertise redevelopment in the Discovery Triangle, an asset-rich urban region between Phoenix, Tempe and Papago Park.

“I am honored to represent CBRE on the Discovery Triangle Development Corporation Board. As a company, we believe strongly in redeveloping and reinvesting within the Triangle and I am looking forward to working towards those initiatives on behalf of CBRE,” said Fratt. “Vibrant, well-planned urban environments in which people can truly live work and play are essential to the economic development and health of metro areas, and the DTDC is working to strengthen metro Phoenix’s urban core. It’s an exciting effort to be a part of.”

Fratt has a bachelor’s degree in finance from Gonzaga University in Spokane, Wash. In addition to his seat on the Discovery Triangle Development Corporation Board, he is a member of NAIOP Arizona, where he serves on the Developing Leaders Membership Committee. He is also a member of the WESTMARC Economic Development Committee.

A brokerage professional who works on a team that specializes in industrial and high-tech markets, Fratt began his brokerage career in 2011. Now two-and-a-half years into his career, Cooper has been involved in more than 1,000,000 square feet of industrial leasing transactions, 500,000 square feet of industrial sale transactions and 120 acres of industrial land. His commercial real estate experience and market knowledge will be valuable resources to the work of the Discovery Triangle Development Corporation.

The Discovery Triangle Development Corporation leverages its expertise in redevelopment, public financing, incentives and market knowledge to help projects succeed in the Discovery Triangle. Working to identify, develop and market opportunities for creative infill solutions within the region, DTDC helps to ensure new projects can be launched speedily and efficiently.

“CBRE has been a partner of the DTDC since day one. The company, and Cooper specifically, bring expertise and market knowledge that help us be successful. We are honored that they are committed to this long-term partnership,” said Don Keuth, CEO of the DTDC.

CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

A center of innovation and knowledge, the Discovery Triangle has proximity to hundreds of cutting-edge companies, particularly those in entrepreneurial industry clusters that include the biosciences, aerospace and aviation, advanced business services, and emerging technologies. There is also a significant number of innovation incubators strategically clustered within the Triangle. The area also boasts a concentration of top-tier higher educational institutions developing a well-educated work force, including ASU in Tempe and downtown Phoenix, UofA College of Medicine, Gateway Community College, University of Phoenix and Rio Salado Community College. A true live, work, play environment, Discovery Triangle offers a wide variety of student, workforce, senior and affordable housing options as well as numerous recreational amenities, including a concentration of performing arts venues, art galleries and museums, professional sports and Spring Training facilities, and one of the nation’s largest urban parks, Papago Park. Additionally, the Triangle benefits from easy accessibility via Phoenix Sky Harbor International Airport, a well-connected freeway system, and many multi-model transportation alternatives, including light rail, bike paths, bus transit and the newly construction Sky Train.

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