Lee & Associates Represents Seller in Two Separate Transactions

Southwest Products Corp., a diesel engine and power equipment supplier represented by Jeff Conrad, Principal with Lee & Associates Arizona, has sold two Southwest Phoenix industrial properties totaling 33,729 SF in separate transactions for $2.23 million.  “The activity on the buildings was brisk. Both properties were tied up and put into escrow prior to Southwest Products vacating into their…

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Orion Investment Represents Buyer in 94-Unit Apartment Purchase

The ORION Multifamily Group of Orion Investment Real Estate announced the closing of Sun Crest Apartments, a 94-unit, “Class B” apartment project, for $4,450,000 ($47,340 per unit). The buyer is KR Capital, LLC, an experienced Calabasas, California-based Phoenix multifamily ownership group. “Over the past several years the buyer has had positive experiences in this Mesa submarket and Sun…

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Marcus & Millichap Arranges Sale of 6,000 SF Net-Leased Property

Marcus & Millichap announced the sale of Aaron’s, a 6,000-square foot net-leased property located in Buckeye, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,685,000. Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property…

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Cassidy Turley Completes 5,000SF Lease at Scottsdale Plaza for Giant Bicycles

Cassidy Turley negotiated a ±5,000SF lease for Giant Bicycles at Scottsdale Plaza, on the northwest corner of 68th Street and Thomas Road in Scottsdale. Chris Hollenbeck, with Cassidy Turley’s Retail Group, negotiated the lease on behalf of the landlord, Marino Investments. Giant Bicycles started in 1972 with one goal: Create a better cycling experience for…

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Cassidy Turley Completes $13.5 Million Sale of Camelwest Plaza California Investor Purchases Office Property at 19th Ave. and Camelback

  Cassidy Turley sold Camelwest Plaza, a ±174,554-square-foot class B office property featuring two (2) four-story buildings at 1951 and 2001 West Camelback Rd. in Phoenix. 1128 Valencia Associates, LLC (Newport Beach, CA), advised by Apex Commercial Advisory (Brandt McCullough), purchased the property for $13,500,000 ($77.34psf) from Fenway Camelwest, LLC of San Diego. Executive Vice President…

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Orion Investment Helps Canadian Buyer Purchase 264-Unit Property

The ORION Multifamily Group of Orion Investment Real Estate is pleased to announce the closing of the 264-unit, “Class A” apartment project – Desert Harbor Apartment Homes – for $26,682,000 ($101,068 per unit). The buyer, an affiliate of Murray Hill Developments Ltd., is one of the most experienced multifamily real estate operating and development companies in Canada. “It…

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