Author Archives: AZRE

AZRE

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.

Indian Bend Corporate Center condo sells for $1.413M

8111 E Indian Bend, WEB
May 26, 2015 by in AZRE Magazine | Brokerage

Commercial Properties, Inc. announced the sale of a ±9,002 SF office condo. Ron Schooler and Kenneth Elmer of CPI’s Scottsdale Office Group represented the seller, Cazona Commercial Properties, LLC in this transaction. RLB Real Estate Holdings LLC purchased the ±9,002 SF Class B Office condo in the Indian Bend Corporate Center, at 8111 E. Indian… Read More →

Heritage Marketplace enters phase two

Courtesy of LGE Design Build

LGE Design Build is starting the construction of the second phase of Heritage Marketplace with rapid leasing momentum. Phase 2, slated to begin construction in late June with a December completion, is already experiencing strong pre-leasing activity. Phase 1 is complete and 100 percent leased for retail and restaurant spaces. An integral part of Gilbert’s… Read More →

Cushman & Wakefield | PICOR report recent transactions

Revere Investments, LLC purchased a 2,076 square foot office building at 6079 E. Grant Rd. in Tucson for $282,000 from Kaneen Property, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

Cushman & Wakefield | PICOR reported the following transactions on May 22: SALE 1845 Investments, LLC purchased a 2,200 square foot building at 1841 and 1845 S. Craycroft Rd. in Tucson from Quik-Mart Stores, Inc. for $300,000.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer and Aaron LaPrise, Retail Specialist… Read More →

Haven Behavioral Health expands at Phoenix Memorial Center

Phoenix Memorial

CBRE has negotiated an additional 8KSF of leased space at Phoenix Memorial Center. Haven Behavioral Health has expanded to 30KSF, up from 22KSF. Phoenix Memorial Center is now 93.4 percent leased. Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The tenant was self-represented. “The owners… Read More →

GCC automotive technology complex celebrates topping out

Courtesy of Adolfson & Peterson

On May 19, Adolfson & Peterson Construction (A&P) celebrated the “topping-out” construction milestone on the new automotive technology complex at Glendale Community College (GCC). The topping-out event marked the completion of the highest point of construction on the jobsite and was celebrated with a catered breakfast and recognition ceremony. Current College President, Dr. Irene Kovala,… Read More →

Helix Capital closes $5.83M private loan deal

Courtesy of Serendipit Consulting

Helix Capital, an Arizona-based commercial real estate investment, development, brokerage and management company, recently closed a $5.83 million private loan deal. Helix provided private financing for a 52,134 SF shopping center located at Bell and Reems Roads in Surprise, Ariz. The shopping center is 100 percent leased and Mountainside Fitness is the anchor tenant, occupying 75… Read More →

$2B freeway expansion benefits $1.4M land opportunity

Cropped ADOT map of proposed expansion routes

No stranger in representing multifamily and land opportunities, Chip Kloppenburg and John Trujillo with Sperry Van Ness in Phoenix are ready to make their own “land” mark at 5252 S. 36th Street in Phoenix. The team is representing the seller.  The 9.64 acres are located only 10 miles from the recently approved Loop 202 extension off Pecos Road. The decision to… Read More →

Arvato Digital Services moves to San Tan Tech Center

San Tan Tech Center, Courtesy of ViaWest

ViaWest Group announced today that Arvato Digital Services, LLC, a subsidiary of the multi-billion dollar global media and services company Bertelsmann, has signed a six-year lease for 33,048 SF of office space at San Tan Tech Center.  The ±129,187 SF property is located at 145 S. 79th Street in Chandler and is also home to the… Read More →

Cathy Teeter promoted at CBRE

CBRE Cathy Teeter, WEB
May 21, 2015 by in AZRE Magazine | Newsmakers

CBRE has announced that Catharine Teeter has been promoted to the position of regional sales director for the Southwest Region. In this role, she will work closely with the managing directors in CBRE’s Phoenix, Tucson, Salt Lake City, Las Vegas and Albuquerque offices on reporting business and market share activity, new business pursuits, pipelines and… Read More →

Chandler Airport Water Reclamation Facility wins AWA award

CDP Commercial, LLC; Provided by McCarthy Building Cos.

The Chandler Airport Water Reclamation Facility expansion project, led by McCarthy Building Companies, was recently named the 2015 Water Reuse Project of the Year by the Arizona Water Association. The $105 million dollar expansion project, located at 905 E. Queen Creek Road in Chandler, Ariz., underwent a 7 million gallons per day (MGD) expansion that allows the… Read More →

Greystar receives top awards from AMA

Lesa LaRocca

Greystar recently received five top achievement awards and industry-wide recognition at the 2015 Annual Tribute event organized by the Arizona Multihousing Association (AMA). The AMA presented awards to rental communities and industry professionals that demonstrated excellence related to operating performance, community service, industry experience, teamwork and impact on the properties. The Arizona apartment industry’s 23rd annual… Read More →

Wentworth Property Company announces West 80 plans

West 80 rendering, courtesy of DTZ.

DTZ announced May 21 it has begun to market West 80, a ±379,635 SF, for-lease, speculative development by Wentworth Property Company (WPC). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive Managing Directors Andy… Read More →

Home Depot signs 12-year back office lease

Tempe One, Courtesy of Lee & Associates

Lee & Associates Arizona announced the signing of a 12-year, 111,349 SF lease with The Home Depot USA, Inc. of Atlanta. The back office building known as Tempe One is located at 1717 W. 16th St. in Tempe. Move-in for the online call center is scheduled for Q4 of this year. Rick Lee, Principal with… Read More →

Sidney Smith promoted at HKS

Sidney Smith, Courtesy of HKS
May 21, 2015 by in AZRE Magazine | Newsmakers

Sidney Smith, AIA, NCARB has been promoted to associate principal and senior vice president for HKS. He will assume the role of team manager for the Phoenix office, overseeing staffing and workload. Smith will continue as project manager/senior construction contract administrator for his projects, including Phoenix Children’s Hospital and the 45 Lansing residential luxury high-rise in… Read More →

Scheduling Institute opens in Phoenix warehouse district

Image provided by LGE Design Build

LGE Design Build has completed the renovation of the former Jackson’s on 3rd restaurant into a 23KSF West Coast training center for the Scheduling Institute, a medical and dental practice training company based in Alpharetta, Ga. PHArchitecture was the architect of record. The new training center, located at 245 E. Jackson St. in the downtown… Read More →