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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SRS Real Estate Partners Brings Hot N Juicy Crawfish to Centerpoint on Mill

Oct. 24, 2013- SRS Real Estate Partners is pleased to announce that Hot N Juicy Crawfish, a seafood restaurant, has leased a 3,170-square-foot space at Centerpoint on Mill.  This is Hot N Juicy Crawfish’s first location in Arizona, and the restaurant plans to open Spring 2014.  Tenants located at Centerpoint on Mill include; AMC Theaters,…

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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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Lincoln Property Company Sells Project Near Phoenix Sky Harbor International Airport

Lincoln Property Company, has sold the award winning Lincoln Sky Harbor to LTJ Skyline/Grand Stable and Carriage.  Lincoln Sky Harbor is situated on 7.57 acres and consists of three buildings totaling approximately 130,000 square feet.  The property is located at the northwest corner of 16th Street and Interstate 17, in Phoenix, Arizona and neighbors Phoenix Sky Harbor International…

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Levrose/TCN Worldwide Releases Recent Transactions

Oct. 24, 2013- Levrose/TCN Worldwide has released the following list of completed sale and lease transactions. Sale Transactions:The Salvatierra Law Group has purchased 8,340 square feet of office space at 1817 N. 3rd Street in Phoenix, Ariz. The sale of this office space was facilitated by Matt Leonard of LevroseCommercial/TCN Worldwide. A private company has purchased 62,874…

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MODE Real Estate Hires Marni Seeton

MODE Real Estate Management Services is pleased to announce its recent hire of Marni Seeton, who will join the team as Lead Maintenance Coordinator at their Scottsdale office. “We are excited to have Marni join us as an exciting new addition to our property management team,” said Patty Hartley, president of MODE Real Estate Management Services. “Because 2013 has been a tremendous year of growth for us,…

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Marcus & Millichap Arranges the Sale of a 9,026 Square Foot Net-Leased Property

Oct. 23, 2013- Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Dollar General, a 9,026-square foot net-leased property located in Williams, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,492,657. Jamie Medress and Mark Ruble, investment…

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Cushman & Wakefield Signs Six Leases at Chandler Business Center in The 3rd Quarter

Oct. 23, 2013- The Cushman & Wakefield leasing team representing Chandler Business Center has completed six office leases at the property in 120 days.  Chandler Business Center, located at 6150 W. Chandler Blvd., is a multi-tenant industrial/flex park owned by investment manager Clarion Partners, LLC.  The six leases recently signed total 42,192 square feet, increasing…

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American Realty Capital Properties and Cole Real Estate Investments Merge to Create World’s Largest Net Lease REIT

Oct. 23, 2013- American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) and Cole Real Estate Investments, Inc. (“Cole”) (NYSE: COLE) announced today that they have signed a definitive agreement to merge the two companies (the “Merger Agreement”).  The transaction is valued at $11.2 billion and will create the largest net lease REIT with an enterprise…

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CPI Announces The Sale of an 88,774 Square Foot Industrial Property in Phoenix

Commercial Properties Incorporated (CPI) proudly announces the sale of an 88,407 square foot industrial property located in Phoenix, Ariz. John Soldo and Leroy Breinholt of CPI’s Industrial Team represented the buyer, Chrisman Lock Chiang, in the recent purchase of 43 N. 48th Ave. in Phoenix, AZ. “Chrisman Lock Chiang is a tool and manufacturing owner/user from…

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Cushman and Wakefield and Sperry Van Ness Lease More Than 147,000 Square Feet to Origami Owl

Growing custom jewelry firm, Origami Owl (origamiowl.com), has leased 147,486 square feet of space at 10 Chandler Business Park, located along the east side of Interstate 10 between Chandler Boulevard and Ray Road. Origami Owl leased all of Building 9 this past summer, totaling 81,238 square feet of distribution/warehouse and office space at 500 N.…

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