ORION Investment Real Estate Negotiates Sale of Medical Office Complex for $12.75 Million

  ORION Investment Real Estate announced the closing of Copper Point Business Park, a 3-building, 2-story, class A office/retail complex, located in the Gilbert, Arizona for $12.75 million ($117 per SF) to West Coast Capital Partners. “Copper Point was an excellent strategic addition to West Coast Capital Partners’ portfolio.  As an underperforming, yet well located…

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CBRE Completes $51 Million Sale of Two Premier Class A Office Buildings in Phoenix

Dec. 23, 2013–CBRE has negotiated the sale of two premier class A office buildings in the Phoenix metro area for a total consideration of $51 million. The sale included the 175,186-square-foot building at 5090 N. 40th St. in Phoenix and the 152,081-square-foot Scottsdale Financial Center III located at 7272 E. Indian School Road in Scottsdale,…

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Jones Lang LaSalle Expands Retail Brokerage Platform into Phoenix

Dec. 18, 2013 — Jones Lang LaSalle (JLL) today announced the expansion of its retail platform into Phoenix, with the addition of three brokerage specialists. Tyson Switzenberg will lead the firm’s newly formed Phoenix retail brokerage practice, along with Senior Associate John Reva and Associate Trask Switzenberg. Together they will partner with Craig Killman, JLL’s West…

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Floor & Décor to Open First Location in Tucson, Third in Arizona

Dec. 12, 2013 – CBRE has negotiated a 58,205-square-foot lease at ABC Retail Center located at 7125 E. Broadway Blvd. in Tucson, Ariz. Floor & Décor, an Atlanta, Ga.-based company and leading specialty retailer in the hard surface flooring market, has leased the building and opened December 12th, marking its first location in Tucson. Nancy…

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Cushman & Wakefield Completes Sale of Phoenix Office Building

Dec. 11, 2013–Cushman & Wakefield of Arizona, Inc. completed the sale of the Arcadia Gateway Center, located at 4222 East Thomas Road, Phoenix, Arizona 85018. The four-story, Class A office building was constructed in 1999 and totals 89,835 square feet. The property currently boasts 93 percent occupancy and included the adjacent three-story parking structure. MIG…

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