COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A ±8,252 SF RETAIL BUILDING IN CHANDLER, ARIZ.

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 3110 N Arizona Avenue in Chandler, Arizona. Tom Semancik of CPI’s Tempe Retail Investment Group represented the seller, Holmes/cc LLC. Occupied by Pacific Seafood Buffet, the ±8,252 SF restaurant is located just north of Elliot Road with…

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VESTIS GROUP BROKERS SALE OF LOMA LINDA GARDEN APARTMENTS IN PHOENIX

Vestis Group is pleased to announce that Brokers Natan Jacobs, Les Litwin and Chad Barber have completed the sale of Loma Linda Garden Apartments, a 26-unit multifamily community located at 2104-2122 East Fairmount Avenue, in the trendy Loma Linda Neighborhood in the Biltmore-area of Phoenix, Arizona for $1,500,000 / $57,692 per unit. “The buyer is…

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Native Grill & Wings International Headquarters Lands at Galveston Tech Center

The ViaWest Group announced today that Native Grill & Wings has signed a 10-year lease for approximately 5,825 SF of office/test kitchen space in the 6825 W. Galveston street building in Chandler. The project, referred to as Galveston Tech, is comprised of one Class-A flex-office building totaling 74,525 SF and with this transaction and other…

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CUSHMAN & WAKEFIELD NEGOTIATES $1.5 MILLION SALE OF PHOENIX INDUSTRIAL BUILDING

Cushman & Wakefield of Arizona, Inc. completed the $1,557,000 million sale of an industrial property at 3025 W. Weldon Ave. The 23,500 square-foot building is situated on approximately three acres of land and was constructed in 1966. Talus Development Corporation, a Phoenix-based telecommunications and utility contracting firm purchased the building. Talus Development was in the…

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Colliers International to Offer Comprehensive Data Center Architectural Solutions

Colliers International in Greater Phoenix has launched a strategic partnership with the IT design and architectural firm, GlassFire, Inc., to provide comprehensive converged data center solutions for clients with mission critical or new data center requirements. With the global data center construction market expected to boom from $14.6 billion in 2014 to $22.7 billion by…

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CUSHMAN & WAKEFIELD COMPLETES $4.975 MILLION SALE OF GLENDALE APARTMENT BUILDING

Cushman & Wakefield of Arizona, Inc. completed the $4,975,000 sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet ($51.95 PSF). The property, which includes nine buildings, currently boasts 93 percent occupancy. Terra Vista Investments USA of Vancouver, Canada…

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TRAMMELL CROW COMPANY AND PRUDENTIAL REAL ESTATE INVESTORS ANNOUNCE NEW OFFICE CAMPUS IN CHANDLER, ARIZ.

Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, and Prudential Real Estate Investors today announced an agreement to form a joint venture to develop a Class A, speculative office campus featuring two, two-story buildings totaling 210,000 square feet in Chandler, Ariz. PREI, among the world’s largest real estate…

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Colliers International Completes $34.9 Million Sale of Midtown On Main Apartments in Mesa

Colliers International in Greater Phoenix recently completed the sale of the 472-unit Midtown on Main Apartments, a transit-oriented, Class B complex in Mesa for $34.95 million, or $74,047 per unit. Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines (DFA/BH Midtown LLC of Houston, Texas) purchased the complex, located at 2121…

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Whitestone REIT Announces Strategic Acquisitions of Two Value-Add Highly Visible Hard Corners at Two Existing Phoenix Properties

Whitestone REIT (NYSE:WSR) (“Whitestone”), announced today that it has completed two strategic acquisitions of hard corners at its Village Square at Dana Park and Fulton Ranch-Towne Center Properties in the Phoenix market. Prior to purchase, the hard corners adjoining Whitestone’s Village Square at Dana Park and Fulton Ranch-Towne Center, which were acquired in 2012 and…

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One MacDonald Center Welcomes Arizona Department of Child Safety

DTZ, a global leader in commercial real estate services, announced today that the Arizona Department of Child Safety (DCS) leased 27,340 square feet at One MacDonald Center, 1 N. MacDonald Drive in Mesa, Ariz. DTZ Associate Vice Presidents Gregg Sherman and Scott Isacksen represented the landlord, Omniment MacDonald, LP, during the lease negotiations. DCS represented…

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