Arcadia Village Shopping Center Sells for $19.65 Million

Cushman & Wakefield announced today the purchase of Arcadia Village, a CVS pharmacy-anchored, neighborhood shopping center located on the southwest corner of Camelback Road and 40th Street in the prestigious Arcadia neighborhood in Phoenix, Arizona for $19.65 million. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Arcadia Retail, LLC.…

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Sun State Builders Announces the Groundbreaking of First Electronics, Inc.

Sun State Builders is proud to announce the groundbreaking of a new state-of-the-art circuit board manufacturing facility and office for First Electronics, Inc. (FEI) in Chandler, Ariz. The 32,000 SF concrete tilt building boasts 24’ clear heights, full air conditioning, and great freeway access. The new facility features cutting edge wave soldering equipment and a…

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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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