Raintree Corporate Center Phase II Sold for $32M

ViaWest Group, in a joint venture with Contrarian Capital Management of Greenwich, CT, has sold a single-tenant office building, occupied by global asset manager Vanguard Group, for $32.1 million.  The building, Raintree Corporate Center II, was purchased along with its twin building, the multi-tenant Raintree Corporate Center I, in December 2015 on Auction.com. The buyer is…

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JLL’s Buckeye Land Sale Ushers In Major Cardinal IG Glass Development

On behalf of Evergreen Devco Inc. and Evergreen-Apache & Southern LLC (Evergreen), the Phoenix office of JLL has completed the sale of 77 acres of land in Buckeye, Arizona to Cardinal IG Companies (Cardinal IG). Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will bring 100 new jobs to…

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LGE Design Build Starts Construction on 33,000 SF Distribution Center for WireMasters in Mesa

LGE Design Build has started construction on a new 33,000-square-foot distribution center for WireMasters, a distributor of wire, cable and associated electrical components for cable harnesses serving the military, aerospace and defense industry. The new distribution center, expected to be complete in early 2017, will serve the southwestern United States. Located at 1748 N. Higley…

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Damon Jeffrey named Director of Development Services at VanTrust

VanTrust Real Estate, LLC., a full-service real estate development company with headquarters in Phoenix, announced Damon Jeffrey as Director of Development Services. In his role, he will work with designers and contractors to execute projects as they are identified during development. Jeffrey’s current projects include Chandler Corporate Center, a 119,000-square-foot office development on Chandler Boulevard…

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Superior Asset Quality Drives Phoenix Industrial Sale

As investment grade tenants continue to see the value of locating in Phoenix, investors are seeking out the market’s high-quality industrial assets. On behalf of Gramercy Property Trust, JLL’s Capital Markets experts today announced the firm facilitated the sale of Goodyear Crossing II, an 820,384-square-foot, Class A fulfilment center in Goodyear, Arizona. Hines purchased the…

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MARCUS & MILLICHAP SELLS CENTRAL PHOENIX MULTIFAMILY FOR $1,200,000 or $150,000 PER UNIT

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The SEBO, an early century historic apartment building located in the prestigious Roosevelt Historic District of Downtown Central Phoenix. The asset commanded a sales price of $1,200,000 or $150,000…

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Lincoln Property Co. TOBY Win Sends Company to International Awards

For the second year in a row, Lincoln Property Company (LPC) Desert West has earned a regional “The Outstanding Building of the Year” (TOBY) award from the Building Owners and Managers Association (BOMA). LPC earned the TOBY for its management of the the Arizona Department of Environmental Quality (ADEQ) Building, situated in Central Phoenix, just off of Interstate…

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ABI Multifamily Closes Glendale Community for $15M

ABI Multifamily, Arizona’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $15,000,000 sale of the Country Creek Apartments, a 336-unit apartment community located in Glendale, Ariz.   Located in the South Glendale Submarket, Country Creek is approximately a mile from Downtown Glendale and a short drive to The…

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