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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CBRE Completes Sale of 88,774-Square-Foot, Two-Building Industrial Property in Phoenix, Ariz.

Oct. 31, 2013- CBRE has completed the sale of an 88,774-square-foot, two-building industrial property located at 43 N. 48th Ave. in Phoenix, Ariz. The all-cash transaction totaled $2.5 million. Jerry McCormick and Cooper Fratt of CBRE’s Phoenix office represented the seller, Atkinson Land Holdings LLC of Mesa, Ariz. The buyer, La Habra, Calif.-based tool and…

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SRS Real Estate Partners Brings Casual Male to Arrowhead Towne Center

SRS Real Estate Partners is pleased to announce that Casual Male, a men’s apparel store, has leased a 7,100-square-foot space at Arrowhead Towne Center.  Tenants located at Arrowhead Towne Center include; Babies R Us, Verizon, AT&T, and Pita Jungle. Brian Polachek with SRS Real Estate Partners represented the landlord, Arrowhead 75 Bell Development, LLC, in…

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Lincoln Property Company Continues Phoenix Industrial Push With Second Major West Valley Business Park

Oct. 29, 2013- Just two weeks after unveiling its plans to develop a major new business park in Goodyear, Ariz., Lincoln Property Company (LPC) has announced another new business park project, 10 Lincoln. 10 Lincoln will total more than 1 million square feet on 72 acres. The development consists of five buildings ranging in size…

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Batschelet Joins Lee & Associates Arizona Industrial Team

Lee & Associates Arizona is pleased to welcome Peter Batschelet as an Associate. He will join our industry-leading group of 22 industrial principals and associates. Mr. Batschelet brings with him a solid work ethic, an accomplished record in sales and leasing and a strong commitment to his growing roster of clients. He has 7 years experience in commercial brokerage and was most recently…

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Cassidy Turley Completes $12.7 Million Sale of The Shops at Prescott Gateway

Oct. 28, 2013 – Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold The Shops at Prescott Gateway, a ±34,671-square-foot shopping center adjacent to Prescott Gateway Mall, on the southwest corner of Highway 69 and Lee Boulevard in Prescott, Arizona. Cole Real Estate Investments, Inc. (NYSE: COLE) purchased…

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Cassidy Turley Completes 10,746 SF Lease for Injured Workers Pharmacy in Phoenix

Oct. 25, 2013- Cassidy Turley, a leading commercial real estate provider in the U.S., announced that it completed a 10,746-square-foot lease for Injured Workers Pharmacy, LLC (Methuen, MA) at Phoenix Tech Center, 5029 East Sunrise Drive. Tyler Wilson, Mark Stratz and Scott Baumgarten with Cassidy Turley’s Office Group represented the Tenant while Dave Seeger, Karsten…

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NexCore-Heitman Acquires $114 Million Medical Office Portfolio in California, Arizona

NexCore Group LP, a national healthcare real estate firm, and Heitman LLC, a multi-national real estate investment management firm, announced today the acquisition of a ±671,811 square foot medical office portfolio in California and Arizona. Dignity Health occupies approximately 33 percent of the portfolio. Dignity is the fifth largest hospital system in the nation, with…

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CBRE Completes $2.1 Million Sale of 10,137-Square-Foot North Scottsdale Medical Office Space

Oct. 25, 2013- CBRE has completed the sale of three units within the Mountain View Office Suites, located at 9787 N. 91st St. in Scottsdale, Ariz. The 10,137-square-foot medical office building commanded a sale price of $2.1 million. Andrew Fosberg and Steve Fernandez of CBRE’s Phoenix office represented the seller, Phaedrus LLC of Scottsdale, Ariz. The buyer,…

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Davis Enterprises Announces Recent Lease Transactions

Oct. 24, 2013- Davis Enterprises, a leading investment and development company that has served the Phoenix commercial and multi-family market for six decades, recently closed on three lease deals for several of its properties in the Valley. Ritoch-Powell & Associates (RPA), a full-service engineering and surveying firm, signed a long-term lease to occupy approximately 9,000…

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Salt River Devco Welcomes New Tenants to Chaparral Business Center

Oct. 24, 2013- Salt River Devco announced that it has leased 67,734 square feet and reached 91 percent occupancy at the Chaparral Business Center. New tenants include education solutions company Edgenuity Inc., internet security firm Sitelock, LLC., mortgage lender New American Funding and title and escrow company Title 365. Devco, an enterprise of the Salt…

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