COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±12,000 SF INDUSTRIAL WAREHOUSE BUILDING IN CHANDLER

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 2915 West Fairview Street, Chandler, Arizona. Leroy Breinholt represented the buyer and Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the seller in this transaction. The ±12,000 SF, freestanding warehouse building is…

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Cresa Phoenix completes 29,242 SF lease for IDI Distributors, Inc.

Cresa Phoenix announced that it completed a 29,242 square foot lease for IDI Distributors, Inc. at 236 East Pima Street, in Phoenix. Cresa Phoenix Vice President Ted Liles and Advisor Grant Kingdon negotiated on behalf of the tenant, IDI Distributors, Inc., a “One-Stop-Shop” for insulation products and technical expertise. The landlord, Thackeray Partners, was represented…

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ROSS BROWN PARTNERS/ JLL INK LARGE TEMPE OFFICE SUB-LEASE WITH CONCENTRIX CORP.

Ross Brown Partners, Inc. represented the Sub-Tenant, Concentrix Corporation, and Jones Lang LaSalle represented the Sub-Lessor, University of Phoenix, in a 101,000 SF office lease at 1601 W. Fountainhead Parkway in Tempe. Originally a spec office building design that was revised to accommodate the educational use of University of Phoenix, the 3 ½ floors of…

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Regent Properties Purchases 90 Mountain View for $34.6 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Los Angeles based Regent Properties, a multi-faceted real estate investment company, has acquired 90 Mountain View, a 183,644 square foot office project located at 9977-9999 N. 90th Street in Scottsdale, AZ, for $34.6 million ($188.41 per square foot). The seller…

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CBRE Completes $2.75 Million Sale of the Kohl’s Shops at Glassford Hill Marketplace in Prescott Valley, Ariz.

CBRE has completed the sale of a net leased shopping center located at 3264 N. Glassford Hill Road in Prescott Valley, Ariz. Shadow-anchored by a Kohl’s department store, the 8,639-square-foot retail property commanded a sale price of $2.75 million. The property is known as The Shops at Glassford Hill Marketplace. Joseph Compagno with CBRE’s Phoenix…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,033-SQUARE FOOT NET-LEASED PROPERTY

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 Raising Cane’s, a 3,033-square foot net-leased property located in Glendale, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,550,000. Mark Ruble…

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JLL Land Sale Brings Tractor Supply Co. Distribution Center to Casa Grande

The Phoenix office of JLL has completed a 100-acre land sale that will bring a new Tractor Supply Company (NASDAQ: TSCO) distribution center to the Central Arizona Commerce Park in Casa Grande, Ariz. Tractor Supply, the largest rural lifestyle retail store chain in the United States, will build an approximately 650,000-square-foot distribution center, with the…

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Colliers International Completes Sale of 672-Unit Autumn Ridge Apartments in Phoenix

Colliers International in Greater Phoenix recently completed the sale of the 672-unit Autumn Ridge Apartments, a Class B complex in North Phoenix. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines purchased the complex, located at 1944 W. Thunderbird Road, from Summit Autumn Ridge LLC of Los Angeles. Colliers Cooke Team,…

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MG Properties Group Acquires Arizona and California Multifamily Communities for $50 Million Total

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of two multi-family properties; the 376-unit Garden Grove Apartments in Tempe, Arizona and the 72-unit Bella Vista Apartments in Napa, California. “Both acquisitions leverage our existing management platform, creating operational efficiencies and allowing us to scale our portfolio in…

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