Morelos Place, Lee and Associates

Big Deals: Industrial, Oct. to Nov. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
Top 5 Notable Leases and Sales (October 1 to November 30, 2013) Source: Cassidy Turley Research Department, Colliers International and CoStar

 

SALES

1. First Solar Factory, Mesa First Solar 2
1,328,075 SF; $113.6M
Buyer: Everest Apple Inc.
Seller: First Solar, Inc.
Listing Brokers: Michael White, Jim Wilson and Nathan Zoucha Cushman and Wakefield

2. Coldwater Depot, Phase I, Avondale
603,853 SF; $39.65M
Buyer: Lake Washington Partners
Seller: Clarion Partners
Listing Brokerage: CBRE

3. Mountain Vista Commerce Center, Phoenix
126,263 SF; $11.36M
Buyer: Stockbridge Capital
Seller: Buchanan Street Partners

4. Lincoln Sky Harbor, Scottsdale
126,807 SF; $7,525,000
Buyer: Pacific Office Furnishings
Seller: Lincoln Property Company
Listing Brokerage: CBRE

5. McDowell Mountain Business Center III, Scottsdale
79,720 SF; $7M
Buyer: Matthew Wykoff
Seller: R T Shell, Inc.
Listing Brokerage: Shell Commercial

 

LEASES

1. 6850 W. Morelos Pl., Chandler 6850 W Morelos
126,251 SF
Landlord: Eastgroup Properties, Inc.
Tenant: Arizona Nutritional Supplements
Landlord and Tenant Brokers:
Tom Louer and Stein Koss, Lee & Associates

2. 1901 W. Fillmore St.,
Phoenix
42,444 SF
Landlord: Phoenix Freeway Partners
Tentant: The Sutta Company, Inc.
Landlord Brokerage: Harrison Properties
Tenant Brokerage: Cresa

3. 51 Bells,
Glendale
40,650 SF
Landlord: 51 Bells Limited Partnership
Tenant: Empereon Marketing
Landlord Brokerage: Cassidy Turley

4. 5010 S. 48th St.,
Phoenix
30,240 SF
Landlord: Northcom 44 LLC
Tenant: National Restaurant Supply Co.
Landlord Brokerage: Cassidy Turley

5. 7239 N. El Mirage Rd.,
Glendale
23,500 SF
Landlord: AZCO Mining, Inc.
Tenant: Vision Air America, Inc.
Landlord BrokerAGE: Sorensen & Black
Tenant Brokerage: Cassidy Turley

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Amanda Ventura

About Amanda Ventura

Amanda Ventura is an editor, award-winning writer and pop culture enthusiast. When she's not up against deadlines, she is exploring Arizona, trying recipes that require every dish in her kitchen be used, collecting 5K swag bags and race numbers and volunteering at a local animal shelter. Her bookshelf is full of autobiographies and her desk is covered in Sticky Notes. She dislikes the Oxford comma and still cannot believe she gets to meet and write about interesting people for a living.