Avison Young negotiates sale of 3080 N. Civic Center Plaza in Scottsdale

Avison Young, the world’s fastest-growing commercial real estate services firm, announced today the sale of a 21,776-square-foot (sf) former church building on 2.07 acres at 3080 N. Civic Center Plaza in Scottsdale, Ariz. Located in Old Town Scottsdale, the site is slated for adaptive reuse as an office property. Avison Young Principals Alexandra Loye and…

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COMMERCIAL PROPERTIES INC., IS PLEASED TO ANNOUNCE THE SALE OF A 66,756-SF OFFICE/FLEX BUILDING IN CHANDLER

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of a 66,756 SF Class A office/flex building located at 2225 S Price Road in Chandler, Ariz. John G. Soldo, SIOR of CPI’s Tempe office represented the Buyer, Ross Mitchell of Dunbar Real Estate Investment Management from El…

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Lincoln Property Co. Secures SAP as First Tenant, Breaks Ground on The Grand at Papago Park Center

Just as it breaks ground on the first building at The Grand at Papago Park Center in Tempe, Arizona, Lincoln Property Company (LPC) has secured a pre-lease commitment from a major first tenant: leading enterprise application software company SAP America (NYSE: SAP).   SAP is currently located in the Scottsdale Galleria, but will relocate to the first building at The Grand…

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NGKF Retail Represents Bealls, Inc. in Southwest Regional Expansion

Newmark Grubb Knight Frank (NGKF) announced the Southwest expansion of privately-owned Bealls, Inc. (Bealls Outlet and Burkes Outlet), a national off-price retailer, in Phoenix, Albuquerque, Tucson and Las Vegas. Represented by Tim Westfall and Joe Doucett with NGKF Arizona Retail, Bealls, Inc. closed seven transactions in the last quarter for more than 136,000 square feet.…

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BERKADIA COMPLETES $36 MILLION SALE OF ARIZONA MULTIFAMILY PROPERTY

Berkadia today announced the recent sale of the Bellagio Apartments, a multifamily property located in Scottsdale, Arizona. The $36.25 million sale was completed on March 31, reflecting a $179,455 per-unit price. Senior Managing Director Mark Forrester, Managing Director Ric Holway, Vice President Dan Cheyne and Associate Tom Wolff of the Phoenix office helped facilitate the…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,023-SQUARE FOOT NET-LEASED PROPERTY

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 Taco Bell Ground Lease, a 2,023-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.   The asset sold for $1,400,000.…

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MARCUS & MILLICHAP ARRANGES THE SALE OF A 7,000-SQUARE FOOT NET-LEASED PROPERTY

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 O’Reilly Auto Parts, a 7,000-square foot net-leased property located in Tucson, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,250,000. Mark…

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LGE Design Build completes 40,000 SF Video West Inc. office/warehouse headquarters in Phoenix

LGE Design Build has completed construction on Video West Inc.’s new 40,000-square-foot office/warehouse headquarters in Phoenix. Video West Inc., a national audio visual rental and staging company, moved from Tempe to the new location at 1050 N. 52nd Street, doubling the size of its former space. The new building provides expedited shipping and receiving capabilities,…

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