Jimmy John’s Leases Three New Spaces

SRS Real Estate Partners has leased three new spaces for Jimmy John’s Gourmet Sandwiches.  The first location is a 1,896-square-foot space at Fountain Square Plaza located at the northwest corner of Bell Road and 7th Street in Phoenix, Ariz.  This Safeway anchored center includes Planet Fitness, McDonald’s and Payless Shoes. The second location is a…

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NorthMarq Arranges $6.45M Mortgage for Sprouts Distribution Facility in Glendale

 James DuMars, senior vice president and managing director of NorthMarq’s Phoenix regional office, arranged acquisition financing of $6.45 million for 5445 W. Missouri Avenue (Missouri/55th Avenue) in Glendale, Arizona.  This asset is a 106,000 sq. ft. office/warehouse building 100% leased to Sprouts.  Financing was based on a 7-year term and a 21-year amortization schedule.  NorthMarq…

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SmithGroupJJR-Designed Project Certified By ILFI As Largest Net Zero Energy Building In the World

The new Phoenix Regional Office of DPR Construction, designed by SmithGroupJJR, has been officially certified as a Net Zero Energy Building by the International Living Future Institute (ILFI). It’s the largest building in the world to achieve Net Zero Energy Building Certification through the Institute to-date. SmithGroupJJR designed the comprehensive renovation of the windowless, 1970’s…

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GPE Announces 8 Commercial Transactions

GPE Companies reports the following transactions: Sales Scottsdale, AZ – Franklin & Dawn Boxberge (Trustees) purchased 2,730 SF for $232,500 at Vista Bonita, 8701 East Vista Bonita Drive. Bret Isbell and Russell Fine represented the seller. Phoenix, AZ – Paramount Skyline purchased Skyline Ridge at the Preserve Condominiums for $2,200,000 at 1502 East Dunlap Road. This property…

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Marcus & Millichap Sells 22-Unit Coronado Apartments in Scottsdale for $1.42M

Marcus & Millichap Real Estate Investment Services has announced the sale of Coronado Apartments, a 22-unit apartment community located in Scottsdale, Arizona. The asset commanded a sales price of $1,420,000 or $64,545 a unit.Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property…

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Cassidy Turley Represents National Credit Union Administration in Lease

Cassidy Turley announced it successfully negotiated a lease renewal on behalf of the National Credit Union Administration (NCUA) at Papago Buttes Corporate Plaza, 1230 W. Washington Street. Mark Seale and Peter Menna with Cassidy Turley’s Office Tenant Representation Group negotiated the transaction on behalf of National Credit Union. Tony Hepner with Metro Commercial Properties, the building’s…

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Marcus & Millichap Arranges the Sale of 139-unit Country Gables

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Country Gables, a 139-unit apartment property located in Glendale, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $6,500,000. Cliff David, Steve Gebing and Rich Butler, all vice president…

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