NAI Horizon Recent Sale and Lease Transactions

NAI Horizon Sales:

>> Chad Neppl and Jeff Hays negotiated the sale of a 70,000 SF industrial building representing the sellers, Watkins Industrial, LLC., for $4.6M. The property is at 951 W. Watkins St. in Phoenix (above photo). Jack Stone with JMS Commercial Real Estate Services, LLC., represented the buyer, World on Watkins, LLC.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega, negotiated the sale of a 9,213 SF retail building representing the buyer, Evergreen I-17 & Peoria, LLC., for $900,000. The property is at 10004 N. 26th Dr. in Phoenix. Max Bippus with CBRE, represented the seller Texas Star Steakhouse & Saloon of Arizona, INC.

NAI Horizon Leases: 

>> Thomas Bean represented the tenant, Snap-On Tools Company, LLC., in a 66- month office lease for a 2,498 SF property at 426 N. 44th St. in Phoenix. William Zurek with Transwestern, represented the landlord, Phoenix Office Grand Avenue Partners, LLC.

>> Chad Neppl and Jeff Hays represented the landlord, Andon Investments, LLC, in a 36- month industrial lease for a 8,000 SF property at 2211 W. Roosevelt St. in Phoenix. John Reinhardt, with Industrial Property Specialists represented the tenant, Sierra Waste Systems.

>> Peggy Johnson represented the landlord, Greg & Jacqui Modesti, in a 7-year office lease for a 1,282 SF property at 10619 N. Hayden Rd. in Scottsdale.

>> Barbara Lloyd and Thomas Bean represented the landlord, Wilshire Enterprises, Inc., in a 38-month office-medical lease for a 3,333 SF property at 4515 S. McClintock Dr. in Tempe. Shane Stottler with US Preferred Realty, represented the tenant Arizona Exclusive Investments, LLC.



About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.