News Column

Nationstar Could Add 1,200 Jobs in Phoenix Region

June 26, 2013

The recent announcement that Nationstar will bring 1,200 jobs to Chandler over the next few years points to the efforts the city has made to secure more business opportunities for the community, its economic development director told the Tribune last week.

Nationstar recently acquired the mortgage servicing rights of Bank of America, which added one million mortgages to its portfolio, doubling its size. The 1,200 jobs coming to Chandler will be a mixture of customer service and loan counselor jobs, as well as the administrative and support positions needed to assist and manage those loans, said Nationstar spokesman John Hoffmann.

"We're staffing all those positions locally. There have been a few folks we've moved into the area, but the vast majority will be people we will be hiring from that area," Hoffmann said. "That's why we came to that market, because we knew there was the talent in place in that community to support our operations."

The mortgage service and lending company will be the first major company at Continuum Science & Technology Park in Chandler's Price Corridor. Continuum is being redeveloped from its prior use by Motorola into a multi-use business center, said Christine Mackay, Chandler's economic development director.

"Capital Commercial Investment has done a brilliant job on developing that property from being a single user property to a stunning business park," Mackay said.

The company bought the 152-acre Motorola property in 2009. Already, CyrusOne has a data center there and an announcement about another tenant will come this week.

One week after the Nationstar announcement earlier this month, Garmin announced it would expand operations in Chandler and build a 60,000 square foot building in the Chandler Corporate Center, where it has leased space for five years. Garmin, a leader in Global Positioning Satellite (GPS) devices, will add 141 new software and product development jobs over the next three years.

Earlier this spring, GM announced it would put its fourth Innovation Technology Center in Chandler and add about 1,000 jobs.

"The timing is right for Chandler. For so long we really focused on the infrastructure and jobs and getting builders to build quality buildings. The workforce is here," Mackay said. "Our focus for decades has been on what's happening in Chandler right now."

Mackay said that planning helped Chandler during the recent recession. The city even added 6,000 jobs in 2010, during the height of the economic downturn.

"Chandler was not hurt as badly as some of the other communities nationwide during the economic downturn. Chandler was kind of the poster child for, 'If you plan a community well and keep your eye on the ball, as companies move and continue to grow, they stay in place and continue to see success,'" she said. "Then there's the timing of the downturn. If it had been five years earlier, we would have been hit harder. We spent time from 2001 to 2007 finishing infrastructure and business parks and bringing good companies into the community and recruiting developers who understand business and how to work with the companies the brokers and the staff bring in."

Source: (c)2013 East Valley Tribune (Mesa, Ariz.) Distributed by MCT Information Services

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