DPC Development Company Completes $6 Million Acquisition of Cotton Corporate Center III

DPC Development Company (DPC) recently completed the acquisition of Cotton Corporate Center III at 4720 E. Cotton Gin Loop in Phoenix, Ariz.  Cotton Corporate Center III is a Class “A” Silver LEED® Certified project located within the 280 acre master-planned Cotton Center business park.  The property was purchased from Buchanan Street Partners a real estate…

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Ensemble Real Estate Solutions Closes 2013 with $58.5 Million in New Leases

Ensemble Real Estate Solutions maintained a steady pace in leasing activity for 2013, securing $58.5 million in new leasing deals from 207 medical office transactions, totaling approximately 620,000 square feet.   Ensemble also brokered seven sales transactions with a total value of $7.8 million.  “We are proud of our team’s accomplishment in 2013,” stated Bill…

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Marcus & Millichap Arranges the Sale of a 4,402-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Circle K, a 4,402-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2,592,593. Jamie Medress and Mark Ruble, investment specialists in…

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Marcus & Millichap Arranges the Sale of a 14,490-Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Walgreens, a 14,490-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $7,900,000. Mark Ruble and Jamie Medress, investment specialists in Marcus…

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CBRE Negotiates 90,152-Square-Foot Industrial Lease in Phoenix, Ariz.

CBRE has negotiated a 90,152-square-foot office/warehouse lease at 4707 E. Baseline Rd. in Phoenix, Ariz.   Pat Feeney, Dan Calihan, Rusty Kennedy, Mike Parker and Evan Koplan with CBRE’s Phoenix office represented the landlord, Dalfen America Corp. of Westmont, Quebec, Canada. The tenant, a San Carlos, Cailf.-based distributor of electrical products, was also represented by…

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Cushman & Wakefield Negotiates $13.2 Million Sale Of Mesa Corporate Center

Cushman & Wakefield of Arizona, Inc. has negotiated the $13.2 million sale of Mesa Corporate Center,  located at 1001 W. Southern Ave. The 106,077-square-foot office building was constructed in 2000 and was 89 percent occupied at the time of the sale.  Tenants include Allstate Insurance Company, DeVry University and Allied Barton Security. Parkway Properties of…

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Southwest Value Partners Purchases Continuum Business Park in Chandler

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the sale of Continuum, a ±152-acre master planned business park to San-Diego based Southwest Value Partners (“SVP”), Managing Principals Mark Schlossberg and Cary Mack. SVP purchased the project in Chandler, Arizona for $51.75 million. The seller was Capital Commercial Investments, Inc. (Austin).…

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CBRE Completes $51.75 Million Sale of Continuum Business & Technology Park in Chandler, Ariz.

CBRE has completed the sale of Continuum Business & Technology Park located at 2501 S. Price Rd. in Chandler, Ariz. The business park, which currently consists of a ±463,300-square-foot, class A office building on 152 acres, commanded a sale price of $51.75 million. Luke Walker and Dave Carder with CBRE’s Phoenix office and Kevin Miller…

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Commercial Properties Inc., Announces the Sale of 31,682 Square Foot Property

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 31,682 SF industrial property located at 3195 E 36th Street in Tucson Arizona.  Chad Ackerley of CPI’s Tempe Office represented the new owner, Hercules Capital, the parent company of Hercules Industries from Denver, Colorado.  Hercules Industries…

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CBRE Completes $21+ Million Sale of 43rd Avenue Logistics Center in Phoenix, Ariz.

CBRE has announced the sale of 43rd Avenue Logistics Center located at 1635 S. 43rd Ave. in Phoenix, Ariz. The 394,775-square-foot industrial property commanded a sale price in excess of $21 million. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office negotiated the sale. The seller was 43rd Avenue Logistics Center, LLC, an…

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CBRE Negotiates Industrial Sale at Elliot Commons Business Center in Gilbert, Ariz.

CBRE has negotiated the sale of a 6,656-square-foot flex industrial property within Elliot Commons Business Center in Gilbert, Ariz. The asset, located at 170 S. Williams Dillard Dr. in suites 115 and 116, commanded a sale price of $780,000 or $115/sf.   A collaborative team of commercial real estate professionals, including Mike Parker, Evan Koplan,…

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Sprint Leases 12,394 square feet at ViaWest Properties’ Chandler Midway

Cassidy Turley announced that it completed a 12,394 square foot lease for Sprint at Chandler Midway, 5710 West Chandler Boulevard. Executive Vice Presidents Mark Stratz, Tyler Wilson and Scott Baumgarten with Cassidy Turley’s Office Group represented the landlord, locally based ViaWest Properties, while Dave Barrett with CBRE represented the tenant. Sprint, one of the largest…

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