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.
SALES
1. Gilbert & Southern
Mesa
238,613 SF; $9,530,200
Buyer: Astani Enterprises, Inc.
Seller: Wells Fargo
Listing Broker: Chad Tiedeman, Steven Underwood, Greg Laing, Teale Bloom and Cameron Warren, Phoenix Commercial Advisors
2. Tutor Time
Cave Creek
25,315 SF; $8,750,000
Buyer: Terry & Steve Blumenfeld Seller: National Retail Development Partners Listing Broker: Chad Tiedeman, Phoenix Commercial Advisors
3. Hurley Plaza
Phoenix
20,243 SF; $6,922,104
Buyer: Capstone Advisors, Inc. Seller: Lawrence & Geyser Development Listing Broker: Chad Tiedeman, Phoenix Commercial Advisors
4. 35th Avenue & Bell Road
Phoenix
78,422 SF; $5,493,146
Buyer: Kinetic Companies Seller: CWCapital Asset Management, LLC Listing Broker: Jules Sherwood, Rockwood Real Estate Advisors
5. Peoria Square
Glendale
23,075 SF; $5,300,000
Buyer: Cave Creek Capital Partners LLC Seller: Sierra Consulting Group, LLC Listing Broker: Adrian Evarkiou, Helo Real Estate Buyer’s Broker: Max Bippus, CBRE
LEASES
1. Glendale Market Square, Glendale
5870 W. Bell Rd.
45,000 SF
Landlord: Kimco Realty Tenant: Lina Home Furnishings
Landlord Brokers: Dan Lupien, Kimco Realty
2. Glendale Market Square, Glendale
5850 W. Bell Rd.
29,000 SF
Landlord: Kimco Realty Tentant: J. Levine Auction & Appraisal
Landlord Brokers: Dan Lupien, Kimco Realty
3. Ahwatukee Foothills Towne
Center, Phoenix
26,939 SF
Landlord: DDR Corp. Tenant: Michaels Tenant Broker: Tommy Woods and Brian Woods, Colliers International
4. Glendale Galleria, Glendale
20,990 SF
Landlord: Brixmor Property Group Tenant: Sears Outlet
Landlord Broker: Traci Russell, CBRE
5. Bell Town Center, Phoenix
19,689 SF
Landlord: Nexus Development Tenant: Office Max Landlord Brokers: Tommy Woods and Brian Woods, Colliers International
