Masco Corporation Leases 25,002 SF at Pioneer Packaging Center in Phoenix

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced that it completed a lease of 25,002 square feet for Service Partners Supply, LLC at Pioneer Packaging Center, 2440 South 8th Place, Phoenix, AZ. Senior Vice President Bruce Calfee and Vice President Josh Wyss of Cassidy Turley’s Industrial Group represented the landlord,…

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Westwood Financial Corp. Announces Opening of Flower Child at Camelback Village

Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the U.S., has announced that Flower Child, a farm-fresh fast-casual restaurant, has opened at the firm’s Camelback Village shopping center in Phoenix.    According to Randy Banchik, executive vice president of Westwood Financial Corp., the concept that was developed by…

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Lee & Associates’ Craig Coppola Gives Takeaways From Counselors of Real Estate Annual Convention

Craig Coppola, Principal at Lee & Associates, attended the Counselors of Real Estate Annual Convention last year and offers a few takeaways from the event that offer guidance and suggestions for real estate professionals going forward: –Seek to manage and mitigate risk, not eliminate risk. –Avoid the tyranny of the averages  –Be local. Do not just…

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Nutraceutical Co. Expands to 38,500 SF Manufacturing Building for $1.82M

Forever Nutraceutical, LLC, a supplement products supplier has paid $1.82 million for a 38,500 SF manufacturing facility at 4250 E. Broadway Rd. in Phoenix, just one block from their current production facility. Lee & Associates Principal Ken McQueen negotiated on behalf of Forever Nutraceutical. The seller, Sorenson Group Management of Salt Lake City, UT was represented by Newmark Grubb Knight…

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Commercial Properties Inc., Secures 22,112 SF Of Office Space For Brookwood Commerce Centre

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of 22,112 SF of office space at Brookwood Commerce Centre located at 4425 West Olive Avenue in Glendale, Arizona.  Eric Butler of CPI’s Scottsdale Office represented the landlord, 4425 W Olive Ave LLC, in this transaction.  Brookwood Commerce…

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Valley Real Estate Entrepreneur Michael Pollack to Make National TV Debut on Tuesday Night

Without further delay it is finally here.  Valley real estate entrepreneur Michael Pollack, of Pollack Investments, will make his national television debut on Tuesday night, April 29th when he appears on an episode of A&E’s Barry’d Treasure. Pollack’s love of collecting rare memorabilia has spanned more than 40 years.  From his sought after Frank Polk…

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Ace Hardware® to Open New Ahwatukee Location

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced it has completed a 15,000 square foot lease for Ace Hardware, at Desert Foothills Plaza located at 1323 East Chandler Boulevard in Phoenix. Vice President Brent Mallonee of Cassidy Turley’s retail group represented Ace Hardware in the lease transaction. The landlord, Phoenix-based…

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T.W. Lewis Company Hires Ashley Hale

T.W. Lewis Company has added another strategic hire to its roster: Ashley Hale. Hale joins T.W. Lewis Company as the senior accountant. She assists with preparation of the Annual Business Plan and Mid-Year Review. Additionally, she manages accounts payable, payroll, sales tax accounting, coordinating the employee benefit program, bank reconciliations, and maintaining all accounting files. Previously,…

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California Investor Buys Corporate Fountains for $3.5 Million

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced the successful sale of a ±90,000-square-foot Class B office project at 4415 – 4625 South Wendler Drive in the Tempe/Airport Submarket. California-based investor Greenlaw Partners purchased the property for $3.5 million ($38.88/psf) from REO Asset Manager, John Mitchell, of LNR Partners (Miami…

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Colliers International Hires Financial Expert Experienced with $50 Billion in Transactions

Colliers International in Greater Phoenix has appointed Kirk Kuller a vice president. Kuller brings 15 years of financial experience into his new position, including the structuring and underwriting of more than $50 billion in transactions. Kuller joins Colliers’ investment property sales team led by Mindy Korth, recently named the  NAIOP Investment Broker of the Year…

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CBRE Negotiates $11.1 Million Sale of Two Premier Class A Office Buildings from ViaWest Group to Melcor Developments Arizona, Inc.

ViaWest Group has sold two premier class A office buildings in the Phoenix metro area for a total consideration of $11.1 million. CBRE negotiated the sale to Melcor Development of the ±24,154-square-foot Perimeter Parkview Corporate Center at 8355 E. Hartford Drive Scottsdale, Ariz. and the ±35,066-square-foot Chauncey Professional Center located at 6930 E. Chauncey Lane,…

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Largest Commercial/Runway Parcel in Scottsdale Airpark Sells for $8.3 Million

Scottsdale Airpark’s largest commercial land parcel on the runway, at 9.54 acres, sells to a local investment company for $8.325 million or $20.03 per square foot. Mark Linsalata, Bill Blake and Fred Darche, principals with Lee & Associates represented the seller, Phoenix Dragon FEI, LLC of Scottsdale. Linsalata represented the buyer, Boeing V, LLC, a private investment entity in Phoenix.…

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