Vestis Group Completes Sale of Estates at Midtown

Vestis Group announced that brokers Victoria Miachika, Natan Jacobs and Les Litwin have completed the sale of Estates at Midtown Apartments, a 14-unit multifamily community located near the Valley Metro Light Rail in midtown Phoenix, Arizona for $1.15 million, or $82,143 per unit. Medlock Manor Apartments, LLC of Mesa, Arizona sold the Estates at Midtown Apartments,…

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Pinal Land Holdings LLC Closes Largest Acreage Deal Since the Recent Recession on More than 11,400 Acres in Pinal County

Dec. 30 2013–Pinal Land Holdings, LLC (PLH) announced today that it has closed on more than 11,400 acres of land in Pinal County. The land, previously owned by the City of Mesa will be purchased in three phases. This is one of the largest land deals in the history of the City and represents a…

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CBRE Completes $51 Million Sale of Two Premier Class A Office Buildings in Phoenix

Dec. 23, 2013–CBRE has negotiated the sale of two premier class A office buildings in the Phoenix metro area for a total consideration of $51 million. The sale included the 175,186-square-foot building at 5090 N. 40th St. in Phoenix and the 152,081-square-foot Scottsdale Financial Center III located at 7272 E. Indian School Road in Scottsdale,…

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Jones Lang LaSalle Expands Retail Brokerage Platform into Phoenix

Dec. 18, 2013 — Jones Lang LaSalle (JLL) today announced the expansion of its retail platform into Phoenix, with the addition of three brokerage specialists. Tyson Switzenberg will lead the firm’s newly formed Phoenix retail brokerage practice, along with Senior Associate John Reva and Associate Trask Switzenberg. Together they will partner with Craig Killman, JLL’s West…

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Cushman & Wakefield Negotiates $17.1 Million Sale of Country Club Estates in Flagstaff

Dec. 13, 2013– Cushman & Wakefield of Arizona, Inc. has negotiated the $17.1 million sale of Country Club Estates in Flagstaff, AZ. The property, located at 5205 E. Courtland Blvd. and built in 1984, contains 201 units and was 95 percent occupied at the time of the sale. Jackson Square Properties of San Francisco, CA., sold the…

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Floor & Décor to Open First Location in Tucson, Third in Arizona

Dec. 12, 2013 – CBRE has negotiated a 58,205-square-foot lease at ABC Retail Center located at 7125 E. Broadway Blvd. in Tucson, Ariz. Floor & Décor, an Atlanta, Ga.-based company and leading specialty retailer in the hard surface flooring market, has leased the building and opened December 12th, marking its first location in Tucson. Nancy…

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Cushman & Wakefield Completes Sale of Phoenix Office Building

Dec. 11, 2013–Cushman & Wakefield of Arizona, Inc. completed the sale of the Arcadia Gateway Center, located at 4222 East Thomas Road, Phoenix, Arizona 85018. The four-story, Class A office building was constructed in 1999 and totals 89,835 square feet. The property currently boasts 93 percent occupancy and included the adjacent three-story parking structure. MIG…

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Velocity Retail Group Negotiates 24,000 Square Foot Mattress Firm Supercenter for North Scottsdale

Dec. 10, 2013- The first Arizona, large-format Mattress Firm is coming to Scottsdale in the first quarter of 2014. The 23,958 square foot outlet store will be one of the largest Mattress Firm Supercenters in the country, and will offer buyers a huge selection of mattress choices at outlet prices. Typically seeking stores between 3,500…

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