CBRE Negotiates $3.6 Million Sale of Two Industrial Buildings Totaling 129,690 Square Feet in Tempe

CBRE has negotiated the sale of 1868 and 1872 E. Broadway in Tempe, Ariz. The two industrial buildings, totaling 129,690 square feet, commanded a sale price of $3.6 million. Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the buyer, Hypertec USA, which is a subsidiary of Saint-Laurent, QC, Canada-based Ciara Technologies in the…

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125,292 Square Foot Dunn-Edwards Buildings Sell to Canadian Tech Co. for $3.6 Million

Two industrial buildings at 1868-1872 E. Broadway Rd. in Tempe, totalling 125,292 SF, have been sold for $3.6 million. The buyer was Hypertec Capital, LLC of Quebec, Canada. Hypertec is one of the leading providers of information technology products and services and has more than 3,000 customers in over 60 countries. Lee & Associates Arizona principals Allen Lowe and Rick…

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Chelsea Maddox Joins Cushman & Wakefield as Director of Healthcare Practice Group

Cushman & Wakefield of Arizona announced that Chelsea Maddox has joined the company as Director of Brokerage Services, Healthcare Practice Group.  Maddox will provide comprehensive healthcare real estate consulting services including representation on the leasing and sales of medical office space to owners and tenants.  Maddox spent the past year with Healthcare Trust of America,…

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Marcus & Millichap Arranges Sale of 5,000-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 US Bank Ground Lease, a 5,000-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 $3.458 million. Jamie Medress and Mark Ruble,…

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Parkway Fountains Office Building Undergoing Renovation Project

Parkway Fountains, a four-story Camelback Corridor office building is getting a $600,000 renovation and being reintroduced to the market. New owner and operator Griffin Partners of Houston, TX is making a foray into the Metro Phoenix office market. The company is starting with Parkway Fountains, located at 1702 E. Highland Ave.  The 80,315-square-foot property was…

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Cashen Realty Advisors Brokers $5.2 Million Acquisition

Talia Jevan Properties, Inc. acquired the 22,080 s.f. North Scottsdale Corporate Office Complex located at 6970 E. Chauncey Lane in Scottsdale. The Purchase Price of the Property was $5.2 million. The seller in the transaction was Alliance Real Estate Holdings LLC. Talia Jevan owns two additional assets in the Metro Phoenix market and continues to seek investment opportunities…

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Colliers International Appoints Top Real Estate Professional Mindy Korth to Executive Vice President

Colliers International in Greater Phoenix has appointed Mindy Korth, a top commercial real estate executive with nearly 30 years of experience in the Phoenix market, executive vice president, adding depth to the firm’s investment sales expertise.  Korth will drive Colliers’ investment property sales by pinpointing prime business opportunities for clients, developing business strategies and conducting…

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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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