CBRE Completes $10.85 Million Sale of 104,880-Sq.-Ft. Single-Tenant JCPenney in Phoenix

CBRE has completed the sale of a single-tenant, JCPenney located in the Ahwatukee Foothills, on East Ray Road and the I-10 freeway. Joseph R. Compagno with CBRE’s Phoenix office represented the seller, Yorktown Corporation of Santa Cruz, Calif., and the buyer, GRT Ray JCP, LLC of Santa Monica, Calif. The 104,880-square-foot retail property commanded a…

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Daum Negotiates $7M 22-acre Industrial Land Purchase in Deer Valley

Daum Commercial Real Estate Services has negotiated the 22-acre industrial land purchase located at the southeast corner of 23rd Ave. and Alameda in Deer Valley.   The transaction was made successful through Robert Lundstedt, Trevor McKendry, and Chris Rogers of Daum Phoenix, who represented both the buyer, Griffin Opportunities of Los Angeles and the seller,…

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Lincoln Village Apartments in Phoenix Sell for $6.1+ Million

Colliers International of Greater Phoenix has negotiated the $6,175,000 sale of Lincoln Village apartments at 2211 W. Campbell Ave. in Central Phoenix. “Lincoln Village is a perfect example of a property purchased to take advantage of rapid rising rents in the recovering west side of Phoenix,” says Trevor Koskovich, executive vice president of Colliers International. …

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Arizona Oncology Breaks Ground for State-of-the-art Treatment Center in the East Valley

Arizona Oncology, one of the largest medical groups in Arizona devoted exclusively to cancer care and a practice in The US Oncology Network, held a groundbreaking ceremony today for its new state-of-the-art cancer treatment center in the East Valley. The new 21,000 square foot facility will be located at Arizona State University Research Park. Scheduled to open in April 2017, it will offer…

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EVERGREEN DEVELOPMENT ACQUIRES 1.12-ACRE LAND PARCEL FOR MULTI-TENANT RETAIL BUILDING AT NEW FRY’S MARKETPLACE DEVELOPMENT IN PEORIA

Evergreen Development formally acquired 1.12 acres of land adjacent to the new Fry’s Marketplace development at 25355 North Lake Pleasant Parkway, on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria. Evergreen plans to break ground on the planned 7,550-square-foot multi-tenant building this month. The Shops at Lake Pleasant are…

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NAI Horizon negotiates $3.33 million investment property sale in Phoenix

NAI Horizon Associate John Toben represented the buyer in the acquisition of the $3.33 million investment property sale of a newly constructed Kneaders Bakery and Café at 4126 E. Indian School Rd., in Phoenix.   Toben represented Scottsdale-based LEP Properties, LLC, in the transaction. “The highly-desired Arcadia neighborhood is now home to a healthy option…

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