Strategic Storage Trust, Inc. (SSTI) Acquires 480-Unit Facility In Chandler, Arizona For Approximately $4.9 Million

Strategic Storage Trust, Inc. (SSTI) – a publicly registered self-storage REIT – recently acquired a 480-unit facility, located on West Chandler Boulevard in Chandler, Ariz., for approximately $4.9 million. The approximately 51,000 net rentable square foot facility will be re-branded under the SmartStop® Self Storage trade name.   “This facility is in a solid retail location,…

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Av-Air Breaks Ground on 162,500 SF, Multi-building Project Totalling $15M

Arizona-based Av-Air, Inc. has hired Sun State Builders to construct its new 2-building, 162,500+ SF headquarters for a total project cost of nearly $15 million. The 6.17 acre parcel at 6877 W. Frye Rd., Chandler, fronts the Loop 202 Freeway in Santan Technology Park. Av-Air purchased the property and broke ground soon after. Andy Ogan, Principal with Lee & Associates…

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Hannay Realty Advisors Has Been Appointed As Property Manager For The Canyon Trails Towne Center In Goodyear

Phoenix-based Hannay Realty Advisors (www.hannayrealtyadvisors.com), is pleased to announce that they have been awarded the property management assignment for Canyon Trails Towne Center located at 625 South Cotton Lane in Goodyear, Arizona.  Canyon Trails Towne Center is a 202,196 square foot retail shopping center anchored by Target, PetSmart, and Ross. “This is our second assignment…

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CBRE Completes $6 Million Sale of a 104,352-Square-Foot Manufacturing & Distribution Building in Chandler, Ariz.

CBRE has completed the sale of a 104,352-suqare-foot manufacturing facility in Chandler, Ariz. The building, located at 464 E. Chilton Dr. in Chandler, Ariz., sold for $6 million. The building was fully occupied at time of sale. Mike Parker and Evan Koplan with CBRE’s Phoenix office had previously negotiated the lease on behalf of the…

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Cushman & Wakefield Negotiates Nearly $29.6 Million Sale Of Five-Building Agave Center

Cushman & Wakefield of Arizona, Inc. has negotiated the $29.593 million sale of the distinctive five-building office/flex development project known as Agave Center.  Agave Business Center (55,221 rentable square feet), located at 8945 S. Harl Ave., is 71 percent occupied and enjoys one of the largest remaining blocks of potential “creative” space along the I-10…

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The Opus Group® Announces Opening of Phoenix Office and Appointment of Lawrence Pobuda as Senior Vice President and General Manager

The Opus Group (Opus) announced today it is opening an office in Phoenix and has hired 26-year industry veteran Lawrence (Larry) Pobuda as senior vice president and general manager of Opus Development Company, L.L.C. “We see significant growth potential in Phoenix, particularly in the sectors in which we have expertise,” said Tim Murnane, president and CEO of…

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La-Z-Boy Home Furnishings Opens Scottsdale Fashion Square New Format Store

Velocity Retail Group was presented a challenge from their longtime client,La-Z-Boy.  The challenge was to find a location at Scottsdale’s Fashion Square Mall for a new store.  The retail market surrounding this successful mall is very tight, with few suitable vacancies occurring.  Darren Pitts, Executive Vice President at Velocity Retail in partnership with Bob Crum…

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Prologis Riverside Distribution Center in Phoenix Sells for $13.2 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Prologis Riverside Distribution Center, a ±250,796-square-foot industrial project at 2225 South 43rd Avenue in the Southwest Phoenix submarket. Pennsylvania-based Exeter Property Group purchased the property for $13.2 million ($52.63/psf) from San Francisco-based Prologis. Cassidy Turley Executive Managing Directors Andy…

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