Industry_East_West_Sold-2, Cassidy Turley

Big Deals: Office, 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. Stetson Plaza, Scottsdale Industry_East_West_Sold-2, Cassidy Turley
89,700 SF; $18.5M
Buyer: Alliance Residential Company
Seller: Triyar Companies, LLC
Listing Brokers: David Fogler, Steven Nicoluzakis and Don Arones, Cassidy Turley

2. Missouri Falls, Phoenix
187,648 SF; $13,801,858
Buyer: ICIC Commercial Investments, LLC
Seller: For 1031 Missouri LLC
Listing Brokerage: CBRE

3. Sky Harbor Towers, Phoenix
273,623 SF; $12.1M
Buyer: Orsett Properties, Ltd.
Seller: LNR Partners, Inc.
Listing Brokerage: Cassidy Turley

4. Arcadia Gateway Center, Phoenix
89,811 SF; $10,555,000
Buyer: MIG Real Estate, LLC
Seller: Bible Education Legacy Fund I
Listing Brokerage: Cushman & Wakefield

5. 1511 N. Project Dr., Tempe
61,807 SF; $7.8M
Buyer: SRP
Seller: Altier Credit Union
Listing Brokerage: Colliers International

 

LEASES

1. Desert Canyon 200, Phoenix Desert Canyon 200
68,554 SF
Landlord: Washington Capital Management, Inc
Tenant: Matric Absence Management
Landlord Brokers: Ashley Brooks, Jim Bayless and Jenny Aust, CBRE
Tenant Broker: Steve Corney, Jones Lang LaSalle

2. Camelback Esplanade II, Phoenix
42,787 SF
Landlord: Metropolitan Life Insurance Company
Tentant: Tiffany & Bosco, P.A.
Landlord BrokerAGE: Cushman & Wakefield
Tenant BrokerAGE: Cushman & Wakefield

3. Perimeter Gateway 101, Scottsdale
25,000 SF
Landlord: Desert Troon Companies, Inc.
Tenant: Accolade
Landlord BrokerAGE: Lee & Associates

4. University Offices, Phoenix
15,044 SF
Landlord: Three Strands, LLC
Tenant: ComTrans
Landlord BrokerAGE: Sperry Van Ness

5. Papago Park Center, Tempe
13,926 SF
Landlord: Phoenix Investors #13
Tenant: AdOn Network
Landlord BrokerAGE: Lee & Associates

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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.