Surprise Office Building, Pair of Industrial Properties Highlight Recent Sales Closed by NAI Horizon

Phoenix, Ariz. – The $3.23 million sale of an office building in Surprise and the sale of two industrial buildings totaling $1.3 million highlight recent transactions closed by NAI Horizon professionals.

 

Sale Transactions:

Tyler Smith and Marcus Muirhead with Lee & Associates negotiated the sale of 32,505 SF office property, representing the seller, Surprise Mountain, LLC, for $3.23 million. The property is located at 14780 W. Mountain View Blvd., Surprise, AZ. John Cerchiai with Lee & Associates represented the buyer, Development Services of America, Inc.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of a 5.95-acre parcel of land, representing the buyer, JEG-FIT 43rd Ave. & I-10 Partners, LLC, for $850,000. The property is located at 1540 N. 43rd Ave., Phoenix, AZ. Kawa & Associates represented the seller, Southwest Regional Council of Carpenters.

Rick Foss negotiated the sale of a 9,258 SF freestanding industrial building, representing the buyer, 2919 S. Potter, for $814,704. The property is located at 2919 S. Potter Dr., Tempe, AZ. Conner Lee, Rick Lee and Nate Bubeck with Lee & Associates represented the seller, 5 M’s Partnership, LLC.

Rick Foss negotiated the sale of an industrial property, representing the seller, Andre Horga, for $460,000. The property is located at 1334 E. Van Buren, Phoenix, AZ. Steve Farrell with Lee & Associates represented the buyer, Jireh Industries, LLC.

Sharon Reeves negotiated the sale of a 5,579 SF retail property, representing the buyer, Desert Rose Corporation, for $425,000. The property is located at 6607 S. Kings Ranch Rd., Gold Canyon, AZ. CBRE represented the seller, Wells Fargo Bank.

Barbara Lloyd, CCIM; Laurel Lewis; and Lane Neville negotiated the sale of a 5,258 SF office property, representing the seller, Troon, LLC, for $280,680. The property is located at 10045 E. Dynamite, Suites 205, 210 & 215, Scottsdale, AZ. Morgan Taylor Realty represented the buyer, Coronado Ventures, LLC.

Barbara Lloyd, CCIM; Laurel Lewis; and Lane Neville negotiated the sale of a 4,098 SF office property, representing the seller, Troon, LLC, for $280,680. The property is located at 10045 E. Dynamite, Suites 220,225 & 230, Scottsdale, AZ. Morgan Taylor Realty represented the buyer, Pensco Trust Company, LLC.

Barbara Lloyd, CCIM; Laurel Lewis; and Lane Neville negotiated the sale of a 1,707 SF office property, representing the seller, Troon, LLC, for $102,420. The property is located at 10045 E. Dynamite, Suites 100 & 105, Scottsdale AZ. Morgan Taylor Realty represented the buyer, Blueshore Holdings, LLC.

 

Lease Transactions:

Jeff Adams represented the tenant, AES Direct Express, LLC, in a long-term industrial lease for 40,415 SF at 2075 W. Obispo Ave., Gilbert, AZ. Steve Sayre and Steve Larsen with JLL represented the landlord, LIT Industrial Limited Partnership.

Tyler Smith, Troy Giammarco and Joe Pequeno represented both the tenant, PCI Group Companies, Inc., and the landlord, The Esam Morsy Revocable Trust Dated July 16, 2008, in a 36-month office lease for 25,490 SF at 14804 N. Cave Creek Rd., Phoenix, AZ.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Anthony Leparulo Separate Property Trust, in a 120-month retail lease for 2,600 SF at 780 W. Elliot Rd., Tempe, AZ. Nic Chavira with Rein & Grossoehme represented the tenant, LRS, LLC.

Tom Bean, CCIM, represented the tenant, Valley OBGYN, in a 63-month lease for 5,371 SF at 5111 N. Scottsdale Rd., Scottsdale, AZ. RevCorp, Inc. represented the landlord, SEL/Plaza 5111 Limited Partnership.

Tyler Smith, Troy Giammarco and Joe Pequeno represented the landlord, Arizona Property Management, LLC, in a 65-month retail lease for 4,273 SF at 11340 W. Bell Rd., Surprise, AZ. Chris Ackel with CBRE represented the tenant, People of Faith, Inc.

Jeff Adams represented the tenant, Harrell’s, LLC, in a long-term industrial lease for 8,091 SF at 909 W. Pinnacle Peak Rd., Building A, Phoenix, AZ. Trevor McKendry and Chris Rogers with Daum Commercial Real Estate represented the landlord, Duke/Griffin Pinnacle Peak, LLC. 

Jeff Adams represented the tenant, Ape Index Rock Climbing Gyms, LLC, in a long-term industrial lease for 9,888 SF at 9700 N. 91st Ave., Phoenix, AZ.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, A Splash of Color, LLC, in a 60-month retail lease for 1,900 SF at 9160 E. Shea Blvd., Scottsdale, AZ. Ryan Maroney with Newmark Grubb Knight Frank represented the landlord, Neglia 9160 Property, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, SVH Fitness, LLC, in a 60-month retail lease for 1,250 SF at 16854 N. Thompson Peak Rd., Scottsdale, AZ. Jennifer Eggert and Michael Achtman with ORION Investment Real Estate represented the landlord, The Art at MMM, LLC.

Matt Harper represented the landlord, Puchhi, Inc., in a 60-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ.

Laurel Lewis represented the tenant, Craig W. Penrod, PC, in a 12-month office lease for 1,885 SF at 301 W. Warner Rd., Tempe, AZ.

Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease for 3,720 SF at 9501 W. Peoria Ave., Peoria, AZ.

Laurel Lewis represented the tenant, Total Presence Preservation, in a 13-month industrial lease for 1,850 SF at 23335 N. 18th Dr., Phoenix, AZ. Randy Shell with Shell Commercial represented the landlord, DV Investment Partners, LLC.

Matt Harper represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 420 SF at 1241 E. Broadway Rd., Mesa, AZ.

 

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson.  NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.

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