Zocallo Plaza in Scottsdale Sells for $15.55 Million

Cushman & Wakefield announced today the sale of Zocallo Plaza, a 51,195 square foot (sf) strip-retail shopping center located on Scottsdale Road, between Greenway-Hayden Loop and Tierra Buena Lane in Scottsdale, Ariz. for $15.55 million. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Enright Zocallo LP. The buyer was…

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Surging Job Growth Sets Table for Phoenix Industrial Park Sale

With job growth continuing to show year-over-year gains, the Phoenix area is experiencing tremendous industrial activity. On behalf of Invesco, JLL’s Capital Markets experts today announced the sale of the Tempe Commerce Park in Tempe, Arizona. BKM Capital Partners purchased the five-building park, which totals 539,979 square feet of rentable area. Managing Directors Mark Detmer,…

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CBRE Completes Sale of Corporate Center @ Kierland

CBRE has completed the sale of Corporate Center @ Kierland, a multi-tenant, Class-A office development in the Scottsdale Airpark submarket of metropolitan Phoenix. The ±107,846-square-foot, two-story office building was 88 percent leased at time of sale. A team of brokers including Barry Gabel, Chris Marchildon, Kevin Shannon, Glenn Smigiel and Bob Young represented the institutional…

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Before the Demo: Vacant Watt Building Fuels Phoenix Firefighter Training

Days before it demolished an old retail building to make way for View 32 – the North 32nd Street Corridor’s first new urban apartment project in decades – Watt Communities of Arizona turned the space over to Phoenix firefighters for a rare opportunity to kick, drag and drill through interiors as part of real-time emergency exercises. “Firefighters don’t…

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