Togo’s Continues Arizona Expansion With Signing of Latest Multi-Unit Agreement in the Phoenix Market

Nov. 6, 2013- Togo’s Eateries, Inc., a “West Coast Original” since 1971, announced today it has signed a development agreement with a new franchise group to open three restaurants in the Greater Phoenix area. The franchisees will develop three restaurants in Ahwatukee, Tempe and Avondale over the next two to three years. This new development…

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Colliers International Completes $7.8 Million Sale of Tempe Office Building to SRP

Colliers International in Greater Phoenix recently served as advisers in the sale of a Tempe Class B office building, 1511 N. Project Drive, to SRP for $7.8 million or $122.97 per square foot. SRP purchased the 61,807 square-foot-building from Altier Credit Union to expand its administrative space. SRP already occupied approximately 40,000 square feet of…

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Helix Capital’s Next Gen Division Purchases Paradise Valley Area Medical Plaza and North Phoenix Industrial Building

Nov. 6, 2013- Two large Phoenix medical office and industrial buildings totaling more than 80,000 square feet have been purchased by the Next Gen Division of Helix Capital, an Arizona-based commercial real estate brokerage, management, investment services and development company. Next Gen PV Medical, LLC purchased a 5.58-acre multi-tenant medical office plaza at 16620 N.…

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Accelerated Development Services Announces the Grand Opening of Tractor Supply at Frontier Crossing in Kingman, Ariz.

Nov. 6, 2013- The grand opening of Tractor Supply will be held November 9th at Frontier Crossing, located at the southeast corner of Interstate 40 and Stockton Hill Road in Kingman, Arizona.  The 25,898 square foot store will join 99 Cent Only and Sears Hometown as part of the tenant lineup for this newly redeveloped shopping…

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RJM Construction renovating new office space for Meritage Homes Corporation in Scottsdale, Ariz.

Nov. 6, 2013- RJM Construction, a Phoenix general contractor, recently began renovations for the new corporate headquarters of Meritage Homes, the ninth-largest public homebuilder in the United States. Its new location will be at 8800 E. Raintree Drive, Scottsdale, Ariz., in the Raintree Corporate Center, a three-story Class A office building. Renovation of the 55,000-sq.-ft.…

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Marcus & Millichap Arranges The Sale of a 126-Room Hospitality Property

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Days Inn Phoenix West, a 126-room hospitality property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $2.6 million. James I. Meng, a hospitality investment specialist…

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CBRE Negotiates $1.5 Million Sale of 25,216-Square-Foot Property in Tucson, Ariz.

Nov. 4, 2013- CBRE has negotiated the sale of a 25,216-square-foot commercial property located at 222 E. 5th St. in Tucson, Ariz. The building, which sits on a 36,950-square-foot parcel, commanded a sale price of $1.5 million. Buzz Isaacson with CBRE’s Tucson office represented the buyer, Tucson-based Michael R. Wattis, Inc. The seller, 222 Storage…

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De Rito Partners, Inc. Negotiates $1.4 Million Sale of Alameda Crossing Restaurant Building

Agents Paul Serafin and Matt Morrell with De Rito Partners, Inc. negotiated the $1.4 million dollar sale of a 6,699 square foot restaurant building at Alameda Crossing on the N/NE corner of Dysart & McDowell Roads.  The buyer was Rangel Enterprises, LLC for Martin & Patricia Rangel, Fiesta Mexicana Restaurants and the seller was AR…

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CBRE Multi-Housing Private Capital Group Negotiates $2.58 Million Sale of Atrium Apartment Complex in Tempe, Ariz.

CBRE has negotiated  a recent multi-family sales transaction. Beau E. Clover of Ruitland, Idaho has purchased the Atrium apartment complex, a 39-unit multi-family property located at 1835 E. Don Carlos Ave. in Tempe, Ariz., from Lenexa, Kan.-based seller Marshall Acquisitions & Holdings LLC. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties…

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