Colliers International Completes $1.5 Million Sale of Scottsdale Law Firm Sale Leaseback

Colliers International in Greater Phoenix recently completed the sale of a 6,000-square-foot freestanding office building for $1.5 million, or $250 a square foot. The Scottsdale office building located in the Indian Bend Corporate Centre currently houses the Law Offices of Margrave Celmins, P.C. 8171 E. Indian Bend Rd, LLLP of Scottsdale traded the property, 8171…

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Cobalt Sale Demonstrates “Stalled-to-Stable” Phoenix Multifamily Recovery

Capital Markets experts in the Phoenix office of JLL have completed the $16.2 million ($180,000 per unit) sale of Cobalt on 32nd Street, a case study for Phoenix’s stalled-to-stable multifamily recovery and a sign of continued investor appetite for the market’s upside potential. JLL’s Executive Vice President John Cunningham and Vice President Charles Steele represented…

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Glendale shopping center acquired by Phillips Edison

Phillips Edison Grocery Center REIT II, Inc. (the “Company”) today announced it has acquired two grocery-anchored shopping centers, expanding the Company’s portfolio in Arizona and Florida. 51st and Olive Square is an 88,225 square foot grocery store-anchored shopping center in Glendale, Arizona, a northwest suburb of Phoenix. The center is anchored by Fry’s Food and Drug grocery…

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UNS Energy Corporation Renews Management Agreement with Ryan to Continue Managing their Corporate Headquarters for Tucson Electric Power

UNS Energy Corporation has selected Ryan Companies US, Inc. to continue to manage the Ryan-constructed, nine-story, 260,914 square foot, corporate headquarters for Tucson Electric Power (TEP). For the past four years, Ryan’s Real Estate Management team has provided management and engineering services to UNS through the construction process and into the operational transition. After the four-year assignment, UNS held a competitive bid and…

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Colliers International Assists Veteran Affairs with Medical Office Lease in North Central Phoenix

Colliers International in Greater Phoenix recently assisted the U.S. Department of Veterans Affairs in the lease of a 29,312-square foot, Class B medical office in the Camelback Medical Plaza in Phoenix. The Phoenix VA leased the property, located at 5040 N. 15th Avenue, from CHP Camelback Medical LLC/Elevation Companies of Denver. Colliers International Associate Vice…

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Colliers International Assists Veterans Affairs with Lease of Estrella Health Center in West Phoenix

Colliers International in Greater Phoenix recently assisted the U.S. Department of Veterans Affairs in securing a long-term office lease in the 80,814-square foot Estrella Health Center in Phoenix. The Phoenix VA leased the 4th floor of the building, located at 9250 W. Thomas Road, from Legend Real Estate Management with corporate offices in Los Angeles.…

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