Velocity Retail Represents Krispy Kreme Franchisee in Chandler Building Purchase

Krispy Kreme Doughnuts franchisee Hot Glazed Enchantment, Inc. of New Mexico purchased the former Washington Mutual Bank building at the  southwest corner of Chandler Blvd and Alma School Rd in Chandler, AZ. The transaction closed escrow on August 26, 2013 with Andy Kroot of Velocity Retail Group, LLC representing the Buyer and SRS Real Estate Partners representing the Seller – Grossman/Robson…

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Cushman & Wakefield Completes $15 Million Sale of Versante Apartments

  Cushman & Wakefield of Arizona, Inc. has completed the $15 million sale of the Versante Apartments, located at 1330 W. Broadway Rd. in Tempe. The apartment building was constructed in 1971 and contains 240 apartment units totaling 184,752 square feet.  The property currently boasts 94 percent occupancy.  Gelt, Inc., of Tarzana, Calif., purchased the…

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Marcus & Millichap Negotiate $1.2 Million Apartment Sale

  Marcus & Millichap Real Estate Investment Services has announced the sale of Campbell Apartments, a 24-unit apartment community located in the prestigious Biltmore area in Phoenix, Arizona, for $1.2 million or $50 thousand a unit. Brian Tranetzki and Rich Butler, multifamily investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing assignment…

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Goodwill Signs Three Leases in Phoenix Metro With Help of Velocity Retail

Goodwill of Central Arizona has signed three new leases in the Phoenix metro area. Andy Kroot, Principal at Velocity Retail, has represented Goodwill for 10 years as the company has seen considerable store growth. The three leased properties are located in Goodyear, Buckeye and Maricopa. The Goodyear location is a 30,256 square foot store and will…

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SRS Facilitates Sale of Chandler Shopping Center Parcel

SRS Real Estate Partners is pleased to announce the sale of a 53,492-square-foot shopping center outparcel which includes a 3,504-square-foot former bank building located at the southwest corner of Chandler Boulevard and Alma School Road in Chandler, Ariz.   Alan Houston and Jeff Alba with SRS Real Estate Partners represented the seller, Grossman/Robson Associates in…

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Levrose Commercial Real Estate Announces Recent Transactions

Levrose Commercial Real Estate has released the following list of completed sale and lease transactions.  Geoff Turbow and Zak Kottler negotiated the sale of 14,000 square feet of office space located at 7531 E. 2nd Street in Scottsdale, AZ. The buyer of this Scottsdale office space is Dean Enterprises.  Geoff Turbow negotiated the sale of 9.19 acres of land…

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Lee & Associates Represents Seller in Two Separate Transactions

Southwest Products Corp., a diesel engine and power equipment supplier represented by Jeff Conrad, Principal with Lee & Associates Arizona, has sold two Southwest Phoenix industrial properties totaling 33,729 SF in separate transactions for $2.23 million.  “The activity on the buildings was brisk. Both properties were tied up and put into escrow prior to Southwest Products vacating into their…

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Orion Investment Represents Buyer in 94-Unit Apartment Purchase

The ORION Multifamily Group of Orion Investment Real Estate announced the closing of Sun Crest Apartments, a 94-unit, “Class B” apartment project, for $4,450,000 ($47,340 per unit). The buyer is KR Capital, LLC, an experienced Calabasas, California-based Phoenix multifamily ownership group. “Over the past several years the buyer has had positive experiences in this Mesa submarket and Sun…

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Marcus & Millichap Arranges Sale of 6,000 SF Net-Leased Property

Marcus & Millichap announced the sale of Aaron’s, a 6,000-square foot net-leased property located in Buckeye, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,685,000. Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property…

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