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…


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…


Marcus & Millichap Sells 23-Unit Multifamily Asset in Phoenix

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of Biltmore Courtyard, a 23-unit apartment property located in Phoenix. The asset commanded a sales price of $1.725 million, or $75,000 per unit. Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus &…


Scottsdale’s Upscale Lincoln Plaza Shopping Center Sells for $25M

Lincoln Plaza Shopping Center, located on the southwest corner of Scottsdale Road and Lincoln Drive in Scottsdale, was sold to an investment group for $25 million, or $330 per square foot. AJ’s Fine Foods is the supermarket anchor of the premier retail center that is poised for future redevelopment. Lee & Associates’ Fincham/Dempsey Investment Team,…


Marcus & Millichap Arranges the Sale of a 43,584 SF Industrial Building

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of 15002 N. 25th Drive, a 43,584-square-foot industrial property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2.45 million. Neal Waldman, investment specialist in…


Vestis Group Purchases Melrose District Apartments In Midtown Phoenix

Vestis Group announces that Principals Natan Jacobs and Les Litwin have completed the sale of Nationwide Apartments, a 12-unit multifamily community located in the trendy Woodlea Melrose neighborhood in Midtown Phoenix, Arizona for $420,000 / $35,000 per unit. Miguel Loza and Javier Escobedo of Orange County, Calif.  sold Nationwide Apartments, located at 4127 N. Ninth Avenue, in…


Commercial Properties Inc. in on Sale of a 13,400 Sf Retail Center In Scottsdale

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announces the sale of a 13,400 SF retail strip center located at 10636 N. 71st Way in Scottsdale. Matt Zaccardi of CPI’s Tempe Office represented the buyer in this transaction. Sundown Plaza, 10636 N. 71st Way, is a multi-tenant strip center formerly owned by…


Colliers International Completes 10,000 Square Foot Lease for Canadian Educational Company Launching into the U.S.

Colliers International in Greater Phoenix recently completed a 10,000 square foot lease at a Costco Plaza in Tempe to a Canadian educational company. Maple Bear Schools will lease space at 1255 E. Elliot Road from GDA Real Estate LLC of Colorado Springs, Colo., to launch operations for an expansion into the western United States. The…


Paul Sweetland Joins Industrial Properties Division at Cushman & Wakefield of Arizona

Paul SweetlandPaul Sweetland has been named Senior Director in the Industrial Properties Division of Cushman & Wakefield of Arizona, Inc.

Sweetland leases and sells industrial properties with a specialization in freestanding owner/user buildings and multi-tenant developments. Clients served by Sweetland include Western Refining, Harsch Investment Properties, Westcore Properties, Washington Federal, MDI Capital, Panattoni Development, Equity Building Services, City National Bank and GE Capital.

Sweetland brings to Cushman & Wakefield more than 16 years of experience in the industrial real estate market. He spent 13 years practicing in the Las Vegas market and has worked in the Metro Phoenix area for the past three years.

“We are thrilled to have Paul join us as we continue to grow our industrial presence in the greater Phoenix market,” commented Joe Cook, C&W’s COO, U.S. Markets.

Sweetland holds the designation of Society of Industrial and Office Realtors (SIOR). He earned real estate licenses from both the Arizona School of Real Estate and Business and the Nevada School of Real Estate and Business.