RETAIL LEASES: Peter McQuaid, Greg Vanlerberghe and Erin Schrauth represented the landlord at Gilbert Fiesta II, located at 183 W. Williams Field Road in Gilbert, to lease 1,400 SF to Ultra Dynamic Nails. Rommie Mojahed and Mary Ridberg represented the landlord to at Lindsay Groves Marketplace to lease 2,287 SF to Firehouse Subs. The shopping…Details
Billy Beane, general manager of the Oakland Athletics who was portrayed in the book and then the movie “Moneyball,” is the featured guest at NAIOP Arizona’s first Signature Speaker Series of 2014. The event is scheduled for Thursday, May 15, at the Arizona Biltmore. Registration in the northwest lobby of the Grand Ballroom begins at…Details
May 5, 2014 — Tempe, Ariz: Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of 22,186 SF of office space located at 1030 North Colorado Boulevard in Gilbert, Arizona. Tyson Breinholt of CPI’s Tempe Office represented the new tenant, Ready Auto Transport, LLC, in this transaction. …Details
Tempe Mayor Mark Mitchell and Tempe city council members joined developer Ryan Companies, architect DAVIS, owner Parkway Properties and other community leaders to celebrate the start of construction of Hayden Ferry Lakeside III (HFL III) on the corner of Mill Avenue and Rio Salado Parkway. HFL III, a planned class A, 265,000 square foot, 10-story office tower, is…Details
Hines, the international real estate firm, announced today that the Arizona Super Bowl Host Committee has signed a 7,535-square-foot lease in Renaissance Square, a two-building, 965,000-square-foot Class A office complex located in the hub of downtown Phoenix. Super Bowl XLIX is scheduled to be played at University of Phoenix Stadium on February 1, 2015, marking…Details
CBRE has negotiated a 201,724-square-foot lease at Rio West Business Park, a class A office complex located at 1821, 1921 and 2021 W. Rio Salado Parkway in Tempe, Ariz. Fort Worth, Texas-based American Airlines Group, the holding company for American Airlines and US Airways, is the anchor tenant of the business park, where the company…Details
SRS Real Estate Partners is pleased to announce thatULTA Beauty has leased a 10,000-square-foot space in Prescott Valley Crossroads Shopping Center. ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, salon products, and salon services in the United States. As of February 1, 2014 the Company operates 675 retail stores across…Details
A nutraceuticals manufacturer leased 33,624 SF for 10+ years at Tempe Distribution Center, 1895 S. Los Feliz Dr., Tempe. The new tenant will occupy a portion of the 51,730 SF multi-tenant warehouse building. Rick Lee, Principal with Lee & Associates Arizona procured the tenant, DM Nutraceuticals. Jackie Orcutt, Director with Cushman & Wakefield represented both owners, Blackridge Real Estate Group…Details
CBRE Multi-Housing Investment Properties Group Negotiates Sale of Parkway Apartment Complex in Metropolitan Phoenix
CBRE has negotiated the following multi-family sales transaction: Mike Davis of Oxnard Calif. has purchased the Parkway apartment complex, a 16-unit multi-family property located at 6516 N. 17th Ave. in Phoenix, from Abbotsford, British Columbia, Canada-based Parkway Westco Apartments, L.P. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and seller in…Details
CBRE Multi-Housing Investment Properties Group Negotiates Sale of Oak Creek Apartment Complex in Metropolitan Phoenix for $2.7 Million
CBRE has negotiated the following multi-family sales transaction: 801 Turney LP of Tempe, Ariz. has purchased the Oak Creek apartment complex, a 60-unit multi-family property located at 801 W. Turney Ave. in Phoenix, from the Gary B. Outzen Trust and Jacqueline Schneider Trust. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties…Details
DAUM Commercial Real Estate Services announced that it represented the buyer in the purchase of a two-story 27,000 sq. ft. office building situated on 6.3 acres of land located at 18185 N. 83rd Ave., Glendale, Ariz. The purchase price was $3,507,925 ($129.92/sq.ft.) Benjamin Johnson of DAUM’s Phoenix office represented AEK Property 7, LLC in the acquisition of…Details
- 8MM – Acquisition loan for a 177-unit fully rented mobile home park community in Williston, North Dakota.
- 1.5MM – Financing for multifamily portfolio in Phoenix, Arizona.
- 3.25MM – Acquisition and rehab loan for 60 multifamily units in Phoenix, Arizona.
Luke Donahue, senior director of NorthMarq Capital’s Phoenix office secured acquisition financing for a 19,884 SF Napa Auto Center located at 18705 E. Business Park Dr. The transaction was arranged for the borrower by NorthMarq through its relationship with a correspondent insurance company.
Going out to dinner in southern Scottsdale? Pretty soon, you may just be going to SkySong. SkySong, The ASU Scottsdale Innovation and its development team are now leasing a planned 10,500 square foot retail building to be built on the northeast corner of Scottsdale Road and SkySong Boulevard. The new retail building should attract new…Details
Vestar, a leading privately held real estate company in the western United States that acquires and manages retail and entertainment destinations that serve as community focal points, is proud to announce a new addition to its executive team. Clint Marchuk, Vice President of Acquisitions, is responsible for the identification, evaluation and consummation of shopping center…Details