Levrose Named Exclusive Listing Agent for Scottsdale Executive Office Park

Levrose Commercial Real Estate/TCN Worldwide was recently awarded the exclusive listing for the leasing of Scottsdale Executive Office Park in Scottsdale, Ariz. Featuring more than 251,000 square feet of office space, the property is strategically located within the prestigious McCormick Ranch master planned community at the southeast corner of Hayden Road and Via De Ventura…

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Tharco Freeport Distribution Center in Phoenix Sells for $8.1 Million

DTZ, a global leader in commercial real estate services, announced today that Bixby Land Company purchased Tharco Freeport Distribution Center, 640 S. 51st Ave. in Phoenix’s Southwest submarket. Pacifica Real Estate Group sold the 108,287 square foot institutional quality industrial distribution center for $8.1 million. The building is fully leased to Tharco, one of the…

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HINES COMPLETES 60,000 SF LONG-TERM LEASE FOR LAW FIRM AT RENAISSANCE SQUARE

Hines, the international real estate firm, recently completed a 60,000-square-foot long-term lease for Jones, Skelton & Hochuli at its downtown Renaissance Square. The Phoenix-based firm with 80 attorneys and 125 support staff will be relocating from mid-town Phoenix to the new downtown Phoenix location. The law firm specializes in trial practice, insurance law, personal injury…

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Construction Begins on Corridors Industrial Park in Deer Valley, Ariz.

Trammell Crow Company (TCC) and joint venture partner Principal Real Estate Investors announce that construction has commenced on Corridors Industrial Park in Deer Valley, AZ. The project will consist of four, Class A speculative industrial buildings, totaling 220,259 square feet. Construction is scheduled to be completed by the end of the year. “We are thrilled…

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Lincoln Equities Group (LEG) Announces Capital Improvement Plan for Newly Acquired Morristown Office Properties

Lincoln Equities Group LLC (LEG) has commenced an extensive capital improvement plan for three Class A office properties it acquired last month in Morristown totaling over 400,000 square feet. The sweeping modernization plans for 60 Columbia Road, 1200 Mount Kemble Avenue and 100 Southgate Parkway include upgraded lobbies, new roofs and HVAC systems, landscaping and…

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MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $1,995,000 or $110,833 PER UNIT

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Mode at 18, a recently renovated boutique apartment building in the Central Phoenix, Arizona. The asset commanded a sales price of $1,995,000 or $110,833/unit. Brian Tranetzki and Rich Butler,…

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Colliers International Completes $6 Million Sale Of Triple Net Retail Center in Glendale, Ariz.

Colliers International in Greater Phoenix recently completed the sale of Arrowhead Lakes Marketplace, a 22,280-square-foot, grocery-anchored retail center for $6 million ($269.30 per square foot). DCL Investments, LLC of Marreno, La., purchased the property, located at 20329 North 59th Avenue in Glendale, from AHR, LLC of Scottsdale. Steve Gonzalez, senior vice president; Marcus Muirhead, vice…

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LGE Design Build Completes 63,000 SF Papago Tech

LGE Design Build has completed construction on Papago Tech, a 63,000-square-foot research, development and manufacturing shell building near Phoenix Sky Harbor International Airport and Arizona State University. Papago Tech, 500 S. 48th Street in Phoenix, is located on 48th Street and Washington. The building has 24-foot clear height ceilings, ample power and freeway visibility. Silagi…

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C&W NEGOTIATES LONG-TERM LEASE FOR NATIONAL TELEMARKETING SERVICES COMPANY

Cushman & Wakefield of Arizona, Inc. negotiated a long-term sublease for DialAmerica Marketing, Inc. at Riverpoint, located at 3100 E. Broadway Rd. The transaction is for a new DialAmerica call center in the Valley. DialAmerica, headquartered in Mahwah, N.J., will occupy 50,267 square feet of office space at Riverpoint Building No. 2. The company’s lease…

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Janielle Penner joins Retail Sales/Leasing Team at Sperry Van Ness, LLC in Phoenix

The commercial real estate brokerage of Sperry Van Ness, LLC has announced that Janielle Penner has joined the brokerage as a Junior Advisor. She will be working closely with industry leader and National Council Chair of Multi-tenant Retail, Shari A. Tucker-Gasser, specializing in retail property acquisitions and disposition, as well as the leasing of multi-tenant…

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New Partnership Breathes Life Into Stalled Troon North Development

In the first of several ventures, Remington Nevada and InterCapital Development have teamed up with locally-based Capital Asset Management (CAM), Phoenix, to purchase The Villages at Troon North Phase II, a 67,000-sq-ft office condominium project and The Villages at Troon North Phase III, a future upscale residential condominium development. Collectively, the properties sit on 11.8…

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