JLL Secures Benchmark Tenant Lease at Airport I-10 Business Park

Wentworth Property Company/Clarion Partners and the Phoenix office of JLL have secured a benchmark 63,000-square-foot tenant lease commitment this week at Airport I-10 Business Park—one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix history. The lease, made by Illinois-based Anixter International, Inc., fills almost half of Airport I-10’s “Building E” months before…

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Craig Schrader Joins Cushman & Wakefield of Arizona as Project Manager

Craig Schrader has joined Cushman & Wakefield of Arizona, Inc. as a Project Manager in Corporate Occupier & Investor Services. Schrader will be responsible for business development and project management, working with the Property Management team. He will also work in support of Cushman & Wakefield’s brokerage teams. Schrader joins the Phoenix office after spending…

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Cresa Phoenix Expands with Top Producing Corporate Real Estate Advisory Team

The largest and fastest-growing commercial real-estate tenant representation firm in North America, just got larger. Cresa Phoenix welcomes one of the most successful corporate real estate advisers in the Valley, Chris Walton. Walton will join Cresa’s global platform as a Managing Principal, along with Ryan Burkett as Vice President and Chris Ellington as Advisor. Alongside…

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Commercial Properties Inc. Announces Sale of a 10,672 SF Industrial Building in Chandler

Commercial Properties, Inc. announces the sale of a 10,672-sqaure-foot, freestanding, industrial building located in Arizona Corporate Center at 3215 N. Nevada St. in Chandler to E&E Tradeshow Rentals and Properties. Eric Jones and Leroy Breinholt of CPI’s Tempe Office represented the seller in this transaction. 3215 N. Nevada St. is a single-tenant building with a…

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Colliers International Sells Fletcher Heights Marketplace in Peoria for $3.15M

Colliers International in Greater Phoenix recently sold the 26,658-square-foot Fletcher Heights Marketplace in Peoria for $3.15 million, or $118 per square foot. Daniel Ortega, a vice president, and Larry Ortega, an executive vice president; both of Colliers International, represented the seller, LB-UBS 2003-C7 Fletcher Heights Marketplace, LLC, of Phoenix. The buyer, Eleven Investments, LLC, of…

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Colliers International Leases a Chandler Build-to-Suit to Crown Castle International

Colliers International in Greater Phoenix has recently completed the long-term lease of a 70,000-square-foot build-to-suit, Class A office property in Chandler. Crown Castle International, one of the country’s largest independent owners and operators of shared wireless infrastructure, will lease the building on the southeast corner of Germann Road and Stearman Drive in Chandler from developer…

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DAUM Represents Buyer of 13K-Plus SF Industrial Building

DAUM Commercial Real Estate Services announced that it represented the buyer in the purchase of a 13,178-square-foot industrial building located in Phoenix. Trevor McKendry of DAUM’s Phoenix office represented Quality Bedding, Inc. in the sale. The building is located at 4132 N. 38th Drive. Quality Bedding, Inc has been manufacturing bedding for over 20 years…

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Rivulon Developer Acquires Additional 2.9 Acre Parcel

Columbus-based Nationwide Realty Investors announced today the acquisition of a 2.9-acre parcel of land that will be incorporated into their master-planned Rivulon development in Gilbert, Arizona. Located at the corner of Pecos and Gilbert roads, the land was obtained from Exxon Mobile and will complete the development block along Gilbert Road between AZ 202 and…

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Whitestone REIT Launches Repositioning of Two Houston Properties

Whitestone REIT, a fully integrated real estate company that owns, operates and re-develops Community Centered Properties, today announced the official launch of two property redevelopment and repositioning programs in its Houston, Texas, region. Sugar Park Plaza, a 95,032 square foot property with a daily traffic count of 259,000, is located at the exit ramp of…

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Newmark Grubb Knight Frank Completes $12.5M, 355-Unit Apartment Sale

Newmark Grubb Knight Frank negotiated the $12.5 million sale of the Bella View Apartments located at 2912 E. Indian School Road, in Phoenix. The property, a 355-unit Class B Apartment complex, was built in 1979 and sits on approximately 7.92 acres. Karl Abert, Managing Director with NGKF’s Phoenix office represented the seller, Belleview Communities, LLC.…

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Cushman & Wakefield Negotiates $11.4M Sale of Former Jabil Building

Cushman & Wakefield of Arizona, Inc. negotiated the $11.4 million sale of a former electronics manufacturing/warehouse building at 615 S. River Drive. The 193,000-square-foot property was built in 1982, expanded in 1994 and expanded again in 1997. It includes 176,000 square feet of fully air-conditioned manufacturing and warehouse space and 17,000 square feet of office…

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Technology, Medical & Chiropractic Businesses Complete Leases at Hines’ Renaissance Square

A premier technology company and a medical & chiropractic center recently completed leases at Hines’ Renaissance Square in downtown Phoenix. Executive Technology Inc. has leased almost 2,000 square feet over six years at One Renaissance Square, relocating its office from Tempe. ETI is a veteran-owned business that provides technology solutions for law enforcement agencies and…

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