Vestis Group Brokers Phoenix Apartments Sale for $133,100 Per Unit

Vestis Group Principals Natan Jacobs and Les Litwin have completed the sale of Monterosa Apartments, an 8-unit multifamily community located in the sought after Arcadia neighborhood, just east of the Biltmore in Phoenix, for $1.065 million, or $133,100 per unit ($157.75 per square foot). 3728 East Monterosa Apartments, LLC of Phoenix sold Monterosa Apartments, located…

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Arizona Urology Specialists Leases 12,034 SF at Country Club Manor

Cassidy Turley Commercial Real Estate Services completed a 10-year lease of 12,034 square feet for locally based Arizona Urology Specialists PLLC at Country Club Manor, 1221-1313 E. Osborn Road in Phoenix. Senior Vice President Gordon Raguse and Vice President Chris Jantz of Cassidy Turley’s Office Group represented landlord Hyperion Fund LP, while David Heiple of Heiple…

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Cresa Executes Disposition and New Lease for 3M Company

Cresa, the world’s largest tenant representation firm, announced that it had executed the disposition of a 270,890-square-foot building and 42 acres of land for $31.91 million in Ontario, Calif. for 3M Company. As part of the transaction, Cresa Phoenix negotiated a 10-year lease on a 454,877-square-foot distribution facility to be constructed on a vacant parcel nearby.…

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NorthMarq Capital’s Phoenix Office Arranges Two Retail Transactions Totaling $14.7M

James V. DuMars, Senior Vice President and Managing Director of NorthMarq Capital’s Phoenix regional office secured two retail transactions totaling $14.7 million. Old Spanish Trail Crossing Located at 9525 and 9545 E. Old Spanish Trail and 9565 East 22nd Street in Tucson, this 42,816-square-foot retail property was refinanced at $8.925 million. The transaction was arranged…

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Sperry Van Ness Negotiates the Sale of Full Circle Ranch Bed & Breakfast Inn in Cave Creek for $700K

Carrick Sears, Senior Investment Advisor in the Phoenix office of Sperry Van Ness, negotiated the $700,000 sale of Full Circle Ranch Bed & Breakfast Inn at 40205 N. 26th St. in Cave Creek. The buyers, Tom and Debby Kinsella, desired to relocate from Denver to the Southwest and chose Phoenix. Debby Kinsella has long known one…

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California Investor Purchases Westwood Business Park for $7.4M

Commercial real estate services provider Cassidy Turley announced the $7.4 million ($80.88 per square foot) sale of Westwood Business Park, a Class B office development at 2222-2228 W. Northern Ave. in the northwest Phoenix submarket. California-based LBK Trust III purchased the property from Nebraska-based MJA Holdings, LLC. Cassidy Turley Executive Managing Director Eric Wichterman and Senior…

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Isagenix International Coming to 250-Acre Rivulon Development

Columbus-based Nationwide Realty Investors announced today that it has signed a lease with Arizona based health and wellness leader Isagenix International, LLC to occupy a three-story single-tenant building at its master-planned Rivulon development in Gilbert, AZ. Also completed is a land swap agreement with LA Fitness, Nationwide Realty Investors President and Chief Operations Officer Brian…

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Retail Investor Taps Cassidy Turley for 300,000 SF Walmart Power Center in Mesa

Commercial real estate services provider Cassidy Turley announced it has been engaged by Greenfield Gateway Retail Investments for the marketing and leasing assignment of Greenfield Gateway in Mesa. The assignment consists of a 300,000-square-foot shopping center anchored by Walmart Supercenter and Sportsman’s Warehouse. Cassidy Turley Vice President Brent Mallonee is now leasing the property. “We…

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NAIOP to FAA: Retract Proposed Height Reductions of Commercial Buildings Near U.S. Airports, Including Sky Harbor

The Arizona Chapter of NAIOP has urged the Federal Aviation Administration to retract the proposed One Engine Inoperative Procedures in the Obstruction Evaluation Studies published in the Federal Register on April 28. “While  NAIOP-AZ fully supports the FAA’s role to oversee aviation safety, we oppose this proposed OEI policy, note that it does not address…

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Colliers International Completes 11,800 SF Lease at Surprise Office Condo Project

Colliers International in Greater Phoenix recently completed an 11,800-square-foot office lease in Surprise for One Step Beyond, Inc., a Peoria-based day training organization for individuals with developmental disabilities. One Step Beyond is leasing space at The Offices at Reems, an office condo project. The tenant signed a 10.5 year-lease for two buildings located at 15527…

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