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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Marcus & Millichap Seal Sale of 106,503-Square-Foot Retail Property

Marcus & Millichap announced the sale of La Ronde Centre, a 106,503-square-foot retail property located in Sun City, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $8 million. Sanford Burstyn, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property…

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Marcus & Millichap Arranges the Sale of 11,272-Square-Foot Net-Leased Property

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Arrowhead Health Center, a 11,272-square-foot net-leased property located in Scottsdale, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $4.5 million. Mark Ruble and…

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California Investor Purchases Phoenix Grocery Anchored Center for $11.9 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced that Amargosa Palmdale Investments, LLC of Beverly Hills, CA, purchased Southern Plaza, a ±75,233 square foot neighborhood shopping center located at 6036 S. 7th Avenue for $11.9 million. Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital…

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CBRE Negotiates 22,500-Square-Foot Industrial Property Lease in Tuscon

CBRE has negotiated the purchase of a 22,500-square-foot industrial facility for Bakehouse Bread Company. The property is located at 2520 N. Jackrabbit Ave. in Tucson. The asset commanded a sale price of $1.35 million. Tim Healy and Bob DeLaney with CBRE’s Tucson office represented Bakehouse Bread Company in the transaction. The landlord, Michael and Janet…

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Marcus & Millichap Arranges the Sale of 5,128-Square-Foot Net-Leased Property

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Brakes Plus, a 5,128-square-foot net-leased property located in Peoria, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,735,000. Mark Ruble and Jamie Medress,…

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BH Properties Acquires 62,776-Square-Foot Warehouse

BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix, for $1.9 million. The all-cash deal closed in 18 days. “This property presented a prime investment opportunity as we are actively…

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