Lee & Associates Brokers 10-Year+, 109,060 Square Foot Lease at Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 square feet at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction. Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment…

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Lee & Associates Signs Three-Year, 42,000 Square Foot Lease for Chandler Warehouse Space

Lee & Associates, an Arizona-based company signed a 36-month lease for 42,000 square feet at the Gold Canyon Candles Building at 6205 S. Arizona Ave. in Chandler. Lee & Associates principals TJ Swearengin, Stein Koss, SIOR and Tom Louer, SIOR, represented the landlord, Gold Canyon Candles, which occupies a majority of the 212,070-square-foot warehouse building.…

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Vestar Celebrates its 25th Anniversary

Vestar, the largest privately held retail developer in the western US, is celebrating 25 years of creating and managing leading shopping and entertainment destinations. Today Vestar owns and operates over 23 million square feet of retail property located across several western states. The company’s most noteworthy projects include Desert Ridge Marketplace, the award winning 1.2…

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First Commons at West 10 Sells for $6.08 Million

Cassidy Turley has announced the sale of First Commons at West 10, a ±99,528, institutional-quality, multi-tenant industrial complex. Located at 4625 and 4635 W. McDowell Road, the two-building, general industrial warehouse buildings were purchased by Enright Capital, Calgary, Alberta for $6.08 million. The seller was MDI Capital. Cassidy Turley Senior Managing Directors Bob Buckley, Tracy…

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Colliers International Completes Restaurant Lease for Crowne Plaza San Marcos

Colliers International in Greater Phoenix recently negotiated a 10-year restaurant space lease at Crowne Plaza San Marcos Golf Resort and Hotel in Chandler. Crust Management, LLC, of Phoenix, leased 6,550 square feet, 2,850 square feet of which is in the basement of the resort located at 1 San Marcos Place. Crust was represented by Ken…

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Cresa Phoenix Completes 28,231 Square Foot Lease for Elontec, LLC

Cresa Phoenix announced that it completed a 28,231 square foot lease for Elontec, LLC at Freeport Industrial Center, 5502 West Buckeye Road, in Phoenix. Cresa Phoenix Vice President Ted Liles negotiated on behalf of the tenant, Elontec, LLC, an award winning, female owned furniture, relocation and cabling company. The landlord, BC 5 Buckeye LLC, was…

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Four Peaks Plaza in Fountain Hills Sells for $9.9 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced that Four Peaks Plaza, a 140,390-square-foot power retail center in Fountain Hills located at 16735-16845 East Shea Boulevard, sold for $9.9 million. Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group represented the seller, Retail…

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CBRE Capital Markets Secures $46.4 Million in CMBS Financing in Three Major Transactions in Western U.S.

CBRE Capital Markets’ Debt & Structured Finance team arranged $46.4 million in CMBS debt in three major transactions across the Western U.S. The transactions include: The Grove, located at 365 W. Craig Road in Las Vegas, Nevada; Villa Encanto, located at 4315 E. Thunderbird Road in Phoenix, Arizona; and Gander Mountain Company located on E.…

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LKQ Corporation Leases 109,060 Square Feet at Canal Crossing Logistics Center

Co-developers Conor Commercial Real Estate, a member of The McShane Companies, and Globe Corporation, are pleased to announce that LKQ Corporation has executed a 10-year lease of 109,060 square feet at its Canal Crossing Logistics Center development in Phoenix, Arizona. The Fortune 500 company will occupy approximately 70 percent of this 155,114-square-foot premier multi-tenant industrial…

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ANDREW JAFFE WINS CORFAC INTERNATIONAL’S 2014 OLEN MONSEES AWARD (AKA THE ‘UNSUNG HERO’)

CORFAC International 2014 President Robert Tillsley, SIOR, announced that Andrew Jaffe, SIOR, with Tempe, Arizona-based Commercial Properties Incorporated/CORFAC International has won CORFAC International’s Olen Monsees Award. The Olen Monsees Award recognizes the CORFAC individual as the ‘Unsung Hero’ for the CORFAC member who goes above and beyond without being asked and with little recognition. Andrew…

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Adler Realty Investments Acquires a 164,000 Square-Foot Office Campus in Phoenix

Adler Realty Investments, Inc. (Adler) purchased four multi-tenant office buildings in Phoenix, AZ for $16,000,000. The property is part of a larger 80 acre mixed-use park called “Corridors” in the Deer Valley submarket of Phoenix. The Alter Group, the developer of the park, was the seller in the transaction. The 164,000 square feet office campus…

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