North Dakota Investor Purchases Walmart Shops at Laveen Village for $7.15 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that North Dakota-based Eleven Investments, LLC acquired Walmart Shops at Laveen Village, a neighborhood shopping center along with a developable pad located at 3525 W. Southern Avenue, for $7.15 million ($151.81 PSF). The seller was Washington-based Pacific West Land, LLC. Executive Managing…

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NorthMarq Capital Funds $13.744 Million Acquisition Financing for Waterstone Apartments in Mesa

Luke Donahue, senior director of NorthMarq Capital’s Phoenix office funded the $13.744 million acquisition loan of Waterstone Apartments, a 269 unit multifamily property located in Mesa, Ariz.  The transaction was funded by NorthMarq’s through their FHLMC seller/servicer platform. “NorthMarq was pleased to have the opportunity to fund another loan for this good repeat client of…

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LGE Design Build Completes Construction On New Barron Lighting Production Facility In Glendale

LGE Design Build has completed construction on the new production facility for Barron Lighting at 7885 N. Glen Harbor Blvd. in Glendale.  The 80,000 square foot production site received its Certificate of Occupancy on (date). The company expects to gain greater efficiencies among other benefits it will realize from the new facility.  Added features will…

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Trailer Manufacturer Takes 51,260 SF on 64-Month Lease in Southwest Phoenix

An auto trailer manufacturer has more than doubled the size of its operations by signing a new 64-month, 51,260 SF lease at 6902 W. Hadley St. in Phoenix. Pete Batschelet, Associate with Lee & Associates Arizona, negotiated on behalf of the tenant, Sun Country Trailers & Towing. Jeff Hays with Commercial Properties represented the landlord, JM Wells Company, LP of Elkhart,…

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CBRE Lands Marketing Assignment for Two Tucson Airport Authority Facilities in Arizona

CBRE has been awarded the marketing and leasing assignment for the Tucson Airport Authority (TAA) airport system. Comprised of Tucson International Airport and Ryan Airfield, CBRE will oversee the marketing of the airport system’s ±10,147 acres of commercial development land. “This is an exciting opportunity and we look forward to working with the Tucson Airport…

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JLL Completes 200,000 SF Lease with Kuehne + Nagel in Casa Grande

The Phoenix office of JLL has completed a 201,666-square-foot, five-year warehouse/distribution lease with global logistics company Kuehne + Nagel, Inc. in Casa Grande. The lease establishes Kuehne & Nagel’s presence in the Central Arizona market—a growing site selection consideration for industrial distribution and logistics users in the Western United States. “For the right users, Pinal…

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SkySong Creates “Outdoor Living Room” Work Environment

Sometimes, a little fresh air is all it takes to get the creative ideas and innovation flowing.   So, as part of efforts to enhance an already exceptional work environment, SkySong, The ASU Scottsdale Innovation Center has created a new “Outdoor Living Room” work environment where employees working at the project can collaborate and conduct business while enjoying Arizona’s weather and scenic…

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Cushman & Wakefield Of Arizona Names Scott Offermann Managing Director For CIS Critical Operations

Scott Offermann has been named Managing Director | Critical Operations for Corporate Occupier and Investor Services (CIS) at Cushman & Wakefield of Arizona. In his role, Offermann will oversee the delivery of critical operations for Cushman & Wakefield. His duties include providing support on requests for proposal (RFP) and providing technical guidance and support on…

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