CBRE Completes 1031 Exchange Fire-Safety Industry Leader

CBRE has negotiated the purchase of the Phoenix Tech Center property located at 10230 S. 50th Place in Phoenix. The buyer, Telgian, Inc., will relocate its corporate headquarters to the new facility. Cooper Fratt, John Werstler and Jerry McCormick brokered the transaction on behalf of Telgian, helping the fire-industry leader accommodate the company’s growing operation…

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Colliers International Completes $5.9M Sale of Phoenix Corporate Headquarters & Showroom

Colliers International in Greater Phoenix recently completed the sale of a 63,400-square-foot state-of-the-art office, showroom and warehouse building for $5.9 million, or $93.05 a square foot. The Phoenix flex industrial building currently houses Facilitec Inc. which provides interior office products, design and project management. King Ranch Properties II, LLLP of Phoenix traded the asset, 4501…

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ABI Multifamily Brokers $28M Sale of Prestigious Morningside Apartment Homes in Scottsdale, Ariz.

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the $28,000,000 / $175,000 Per Unit sale of the 160-unit, Morningside Apartment Homes in Scottsdale, Ariz. Morningside, originally built in 1989, features spacious 1, 2 and 3-bedroom units with a weighted average size of approximately 1,019 square feet and full size…

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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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