NAI Horizon Announces Recent Transactions

5700 W. Olive Ave.
5700 W. Olive Ave.

Sale Transactions:

Barbara Lloyd and Lane Neville negotiated the sale of a 14,171 SF medical property, representing the seller, SBAZ Real Estate Holdings, LLC for $1,175,000. The property is located at 5700 West Olive Avenue in Glendale, AZ. Aaron Carson with Carson Realty Advisors represented the buyer, Karp Sunbelt Properties #3, LLC.

Mark Wilcke negotiated the sale of 5.38 acres of land, representing the buyer, Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, for $1,037,381. The property is located at Lot 570 Unit 7 North Parcels in Mesa, AZ. Casey Christensen with Nathan & Associates represented the seller, DMB Mesa Proving Grounds, LLC.

Patrick Sheehan and Tom Young negotiated the sale of a 28,940 SF industrial property, representing the seller, High Rise Living, LLC, for $950,000. The property is located at 2525 West Broadway Road in Phoenix, AZ. Peter Batschelet with Lee & Associates represented the buyer, Taytur Leasing, LLC.

Chris Gerow, Shelby Tworek, and Gabe Ortega negotiated the sale of a 22,613 SF retail property, representing the buyer, Phoenix Planet Fitness, LLC, for $950,000. The property is located at 3975 East Thomas Road in Phoenix, AZ. Eric Termansen and Neil Board with Western Retail Advisors represented the seller, Red’s Moviola I, LLC.

Sharon Reeves and Mark Wilcke negotiated the sale of a 25,681 SF retail property, representing the seller, JED C, LLC, for $640,000. The property is located at 5120-5142 West Glendale Avenue in Glendale, AZ. The buyer, Synergy Loan Solutions, LLC, was represented by Arizona Private Realty, LLC.    

Laurel Lewis negotiated the sale of an 8,727 SF office property, representing the buyer, MaeBee Holdings, LLC, for $610,890. The property is located at 825 East Warner Road in Chandler, AZ. Marc Tuite with Cassidy Turley represented the seller, Tuite Family Survivors Trust u.a.d. January 7, 2008.

Lease Transactions:

Chris Gerow, Shelby Tworek, and Gabe Ortega represented both the landlord, GM 40 T LLC, and the tenant, JEG Fit 40th & Thomas, LLC, in a 15 year retail lease transaction for a 22,613 SF space at 3975 East Thomas Road in Phoenix, AZ.

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Mountain Range Restaurants, in a 15 year retail lease transaction for a 4,700 SF space at 4303 West Peoria Avenue in Glendale, AZ. Paul Serafin and Matt Morrell with De Rito Partners represented the landlord, DP89, LLC.

Tom Bean, Troy Giammarco, and Laurel Lewis represented the landlord, TriCal Commercial Investments, LLC, in a 65 month lease transaction for a 297 SF space at 250 North Litchfield Road in Goodyear, AZ. Arvle Knight with Kasten Long Commercial represented the tenant, Verco Decking, Inc.

Laurel Lewis represented the landlord, HB Foothills Gateway, LLC, in an 86 month office lease transaction for a 4,153 SF space at 4505 East Chandler Boulevard in Phoenix, AZ. The tenant was West USA Realty, Inc.

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Luv My Bling, LLC, in a 7 year retail lease transaction for a 2,200 SF space at 3491 West Frye Road in Chandler, AZ. Cameron Warren with Phoenix Commercial Advisors represented the landlord, GM Chandler Village, LLC.

Laurel Lewis represented the landlord, HB Foothills Gateway, LLC, in a 66 month office lease transaction for a 2,560 SF space at 4505 East Chandler Boulevard in Phoenix, AZ. Grafton Milne with Menlo Group represented the tenant, Smith LC.

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Linda Mar Ventures, Inc., in a 5 year retail lease transaction for a 1,400 SF space at 1825 East Guadalupe Road in Tempe, AZ. The landlord was WRI Retail Pool I.

Peggy Johnson represented the landlord, Alice Avenue, LLC, in a 5 year office lease transaction for a 770 SF space at 1130 East Missouri Avenue in Phoenix, AZ. The tenant was John D Hensler, LLC.             

Tom Bean and Troy Giammarco represented the tenant, JOBY Management, in a 26 month office lease transaction for a 1,374 SF space at 14239 West Bell Road in Surprise, AZ. Tyler Smith with Colliers International represented the landlord, Paramount Surprise, LLC.  

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