Southern Ridge Apartments in Mesa Sells for $6,510,000

Failed Condo project is re-assembled to one buyer from 57 separate ownership groups. ABI Multifamily, a dedicated multifamily brokerage and advisory services firm, is pleased to announce the sale of Southern Ridge, an apartment community platted as individual condos, located in Mesa, Arizona. The 113 Unit garden-style community was originally built in 1985. Southern Ridge…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A 24,565 SF INDUSTRIAL RESEARCH & DEVELOPMENT BUILDING IN CHANDLER

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of 6145 W Detroit Street, Chandler, Arizona. Jeff Hays, Chad Neppl and Ryan Steele of CPI’s Tempe Industrial Group represented the buyer in this transaction. The ±24,565 SF, freestanding research & development/manufacturing building is located at 6145 W…

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LGE Design Build Starts Construction on Crown Castle’s Chandler Build to Suit

LGE Design Build has broken ground and is currently in the process of constructing Crown Castle’s 70,000-square-foot, two-story Class A office build to suit in Chandler. Crown Castle, the nation’s largest provider of wireless infrastructure, expects to move into the new facility next summer, located at southeast corner of Germann Road and Stearman Drive. Crown…

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VALLEY PARTNERSHIP’S 2014 COMMUNITY PROJECT TRANSFORMS GROUNDS AT ARIZONA FOUNDATION FOR THE HANDICAPPED WITH MORE THAN 200 VOLUNTEERS

By Megann Jakubek On a sun-splashed fall morning, more than 200 volunteers traded their business attire for work clothes and work gloves to help transform the Perry Rehabilitation Center at the Arizona Foundation for the Handicapped (AFH). The occasion was Saturday’s 27th annual Valley Partnership Community Project. Each year Valley Partnership undertakes a community project…

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Physician-Owned Medical Office Building Under Construction Near Chandler Regional Medical Center

Construction is underway on a new state of the art medical office building, located at 77 South Dobson Road in Chandler, Arizona. Construction began on the 17,500 square foot, one-story building in June 2014 and is set to complete by the end of December. Once finished the new building’s owner, Premier Cardiovascular, will occupy 8,800…

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CBRE Multifamily Investment Group Negotiates Sale of Fiesta Arms Apartment Complex in Metropolitan Phoenix

CBRE has negotiated the following multi-family sales transaction: • Elain and Maher Meida from Phoenix, Ariz. has purchased the Fiesta Arms apartment complex, a 20-unit multi-family property located at 8822 North 1st Street in Phoenix, Ariz., from FSFA 89, LLC, of Phoenix, Ariz. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller…

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NorthMarq Capital completes two refinancing placements for two Scottsdale office buildings totaling $29 million

James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based regional office has assisted the Perry family with financing placements on two premier Scottsdale office buildings totaling a combined $29 million. Scottsdale Professional Building contains 76,647 sq.ft. and was constructed in 2004. Scottsdale Executive office Building contains 181,081 sq.ft. and was constructed in 1997.…

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BROADSTONE LINCOLN EARNS LEED PLATINUM CERTIFICATION

Alliance is excited to announce its 264-unit, Scottsdale-area development, Broadstone Lincoln located at 7100 E. Lincoln Dr., was recently awarded LEED-H Platinum Certification. This marks Alliance’s second development nationwide to achieve this level of certification. “Alliance is very proud to achieve LEED-H Platinum certification with Broadstone Lincoln — we took great care in developing this…

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Canadian Investor Purchases Palm Valley Office Park I & II for $15.35 Million Cassidy Turley Negotiates Sale and Wins Leasing Assignment

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that Kootenay Holdings, a private investor, has acquired Palm Valley Office Park I & II, a 83,575 square foot office project located at 1616 North Litchfield Road and 1646 North Litchfield Road in Goodyear, AZ, for $15.35 million ($183.67 per square foot).…

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CUSHMAN & WAKEFIELD CLOSES 5 TENANT REP DEALS FOR DISTRIBUTION PROPERTIES IN THE SOUTHEAST VALLEY

Identifying prime distribution space in the Southeast Valley, the Cushman & Wakefield of Arizona leasing team of Jackie Orcutt, John Grady, and Mackenzie Ford recently closed five tenant representation deals totaling 76,734 square feet. The leases range in size from 3,744 SF to 26,023 SF across the Southeast Valley. “It has become increasingly difficult to…

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CBRE Completes $4.5 Million Sale of a 46,119-Square-Foot Industrial Property on 14.83 Acres in Chandler, Ariz.

CBRE has completed the sale a 46,119-square-foot industrial property located at 1100 N. Hamilton St. in Chandler, Ariz. The property, which sits on 14.83 acres, commanded a sale price of $4.5 million. Evan Koplan and Mike Parker with CBRE’s Phoenix office negotiated the sale on behalf of the seller, TW Steel of Chandler. The buyer,…

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