CBRE Completes $150 Million Sale of Retail Portfolio Including Village Center

CBRE has completed the sale of the Phillips-Edison Fund IV Portfolio. The nine-property retail portfolio sold for $150 million and totals over 1.35 million square feet. Jesse Goldsmith and Steve Julius of CBRE in Phoenix, Ariz., along with Christian Williams and Gleb Lvovich of CBRE’s National Retail Investment Group, negotiated the sale between the seller,…

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Cassidy Turley Announces Purchase of St. Luke’s Medical Building for $8.45 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced the successful sale of a ±49,816-square-foot medical office building at 555 North 18th Street in Phoenix’s Downtown Submarket. San Francisco-based Stockbridge Funds purchased the property for $8.45 million ($169.62 per square foot) from Chicago-based Heitman Real Estate Investment Management. Executive Managing…

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NorthMarq Capital Arranges $22.8 Million in Acquisition Financing for Ocotillo Springs

James DuMars, SVP/managing director of NorthMarq Capital’s Phoenix office and Michael Elmore, EVP/managing director of NorthMarq Capital’s Los Angeles office secured $22.8 million in acquisition financing for Ocotillo Springs, a class-A 272-unit multifamily property located at 825 W. Queen Creek Road in Chandler, Arizona. The transaction was structured with a seven-year term with three years…

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Levrose/TCN Worldwide Sells Scottsdale Office Building for $2.45 Million

Levrose Commercial Real Estate/TCN Worldwide has completed the sale of a 37,270 square foot office building in Scottsdale for $2,450,000, or $65.74/square foot. The sale was facilitated by Kelly O’Dea of Levrose/TCN Worldwide. Collection Service Bureau, Inc., a company who exclusively specializes in receivables management and recovery solutions for the healthcare industry, purchased the building…

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Commercial Properties Inc., Announces Sale of Harris Park Professional Plaza

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of Harris Park Professional Plaza. Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented both the buyer and seller in this transaction. The 27,864-square-foot, Class-B office building is located at 1550 E McKellips Road in Mesa,…

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Lincoln Property Co. Acquires Freeport Distribution Center in Phoenix

Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix. Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport. The project is a close-in infill site offering immediate connectivity to the I-10, I-17…

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Partial Condominium Community Near Arizona State University in Tempe Sold

ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of 22 of 54 units at Rialto Condominiums, a community near Arizona State University. Converted and renovated with condo grade finishes in 2006, the 22 units with HOA control sold for $1,530,435 or approximately $69,565 per unit. “The economic…

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Cassidy Turley Assist in $14 Million Sale of Scottsdale Retail Center

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced that Hayden Crossing Shopping Center, a 63,446-square-foot neighborhood retail center at 8015-8035 E. Indian School Road sold for $14 million ($221.38 per square foot). Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group represented the…

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Cassidy Turley Represents Donahue Schriber in Sale of Marley Park Plaza

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced the sale of Marley Park Plaza, a 77,545 square foot, grocery-anchored neighborhood shopping center at 15411 W. Waddell Road in Surprise. IMAN Enterprises, LLC of Surrey BC, Canada, purchased the retail center for $12.45 million from Donahue Schriber Realty Group. Cassidy…

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Ventana Medical Systems, Inc. to Lease 60,000 Built-to-Suit Project in Tangerine Commerce Park in Marana, Ariz.

An affiliate of Cottonwood Properties announced they will be constructing and leasing a 60,000-square-foot distribution facility for Ventana Medical Systems, Inc. The new facility is located in Tangerine Commerce Park located on Tangerine Farms Road, just west of the Tangerine Road freeway interchange. This is the first development within the 100-acre business park that provides…

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Automotive Repair Facility in Scottsdale Airpark Trades for $1.2 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., has announced the $1.2 million sale of an automotive repair facility at 15445 North 83rd Way in the Scottsdale Airpark. Cassidy Turley Senior Vice President Michael Kitlica negotiated the transaction on behalf of the buyer, L&R Real Estate Holdings, LLC (dba Roven Techs).…

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