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.

One South Church attracts 22KSF of new office tenants

Low Level Aerial view of Downtown Tucson, Arizona
September 30, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE recently negotiated long-term office leases with major tenants at One South Church, the landmark building in downtown Tucson, Ariz. Global engineering firm HDR has leased 9,659 square feet of space, while Regus, the world’s largest provider of flexible work space, has inked a deal for the entire 12,659-square-foot 12th floor. Buzz Isaacson with CBRE’s… Read More →

De Rito reports new burger restaurant, Orange Theory leases

Kelly's Burger 2
September 30, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Pizza Hut adding Avondale location Pizza Hut completed a deal to add another Valley location, this one at the southwest corner of Dysart Road and Van Buren Street in Avondale. Morey Fischel of De Rito Partners represented the tenant in the deal for a 1,800-square-foot space. Metro PCS opening new location in El Mirage Metro… Read More →

Jamie Godwin joins Stevens Leinweber Construction

Jamie Godwin//Corporate and Commercial Photography
by Mark Skalny

Scottsdale, Ariz.-based general contractor Stevens Leinweber Construction has announced that Jamie Godwin has joined the firm as vice president. Godwin, who has more than 23 years of construction experience, will be providing project management and business development services. Godwin spent the last five years as a founding partner of Phoenix-based The Richard Solomon Group /… Read More →

Park Lucero development to bring more than 1,000 jobs to Gilbert

Park Lucero

Trammell Crow Company, in partnership with Artis REIT, broke ground on the first phase of the Park Lucero project in Gilbert, AZ. The industrial park and buildings were designed by Butler Design Group and is being constructed by D.L. Withers Construction, both Phoenix-based companies. Phase I, at build-out, will feature three buildings totaling 210,000 square… Read More →

Helix announces plans for retail development in Goodyear

Pebble Creek Plaza retail parcel. Courtesy of Helix

Helix, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently announced a development agreement with Hubbell Land, LLC, to develop the newly acquired and repositioned commercial property, Pebble Creek Plaza Retail Pads in Goodyear, Ariz. Located at Pebble Creek Parkway and Virginia Ave. in Goodyear, Pebble Creek Plaza Retail Pads includes… Read More →

Auto finance company leases 40KSF in Tempe

Papago Tech Center, Courtesy of CoStar
September 29, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed a 40,000-square-foot office lease at Papago Technology Center located at 1700 N. Desert Drive in Tempe, Ariz. Bryan Taute with CBRE represented the landlord, WDP Partners of Phoenix. The tenant, Greenville, NC-based Regional Acceptance Corp. a division of BB&T Bank, was represented by Jason Moore and Keith Lammersen with JLL. This lease… Read More →

Adaptive reuse of Phoenix post office wins architecture award

Post Office, WEB

Holly Street Studio Architects’ Diane Jacob’s infusion of Arizona State University’s 30KSF student center at a historic United States federal building in downtown Phoenix recently won a Crescordia award for historic preservation. Caliente Construction handled construction of the project. Since the center’s opening in early 2013, students, faculty and the community at large have used the… Read More →

CBRE releases Tucson transaction report

1951 W Grant Rd, WEB
September 29, 2014 by in AZRE Magazine | Blogs | Brokerage | In The Spotlight

CBRE’s Tucson office has released the following recent transactions for the greater Tucson area:   Life Energy Wellness, LLC has leased 1,627 square feet of office space at 5232 E. Pima Street in Tucson. The local chiropractic practice led by Dr. Jaime Sanchez was represented by Bruce Suppes with CBRE’s Tucson office. The landlord, 2030… Read More →

Covered Wagon RV Park sells for $1.25M

Courtesy of Marcus & Millichap
September 29, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Marcus & Millichap announced the sale of Covered Wagon RV Park, 44 RV Site, two MH site and a SFR/office built on 3.27 acres Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset was listed for $1,250,000. Octavian Paul and Douglas A. Danny, MHC/RV Resort investment specialists in Marcus &… Read More →

Fine Line Fabricating buys office-industrial space in Phoenix

16461 N  25th Ave, daum, web
September 25, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Daum Commercial Real Estate Services has negotiated the $1.2 million sale of a 20,565-square-foot office-industrial building located at 16461 N. 25th Avenue in Phoenix. Jerry Hillery and Chris Rogers of Daum in Phoenix represented the buyer, Fine Line Fabricating. The seller, Baughman-Williams, was represented by TJ Swearengin and Matt Hobaica of Lee & Associates. The… Read More →

Freeport Industrial Center reaches full occupancy

Freeport Distribution Center
September 25, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease  at Freeport Industrial Center, 5502 W. Buckeye Ave.   Elontec, an award-winning, woman-owned office furniture, relocation and cabling company, will consolidate its operations and relocate its corporate headquarters to the property. This lease brings the 103,400-square-foot Freeport Industrial Center to 100 percent occupancy. Elontec has… Read More →

Local entreprenuers form environmental consulting firm

Earthworks

Entrepreneurs Cherie Koester and Jana Baldwin have partnered to form Earthworks Environmental, LLC, an environmental consulting business in Metro Phoenix. With both serving as principals of the firm, Koester and Baldwin bring more than 16 years of combined regulatory and industrial experience in Storm Water Pollution Prevention (SWPPP), dust control and construction safety compliance. Earthworks Environmental… Read More →

Brittany Warnica promoted by CBRE

Brittany Warnica, CBRE
September 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight | Newsmakers

CBRE announced that Brittany Warnica has been named marketing director for the Arizona market. For the past three years, Warnica has been leading the marketing efforts in Phoenix and recently took on management of Tucson marketing. “We are so pleased to elevate Brittany to marketing director for Arizona. She is a tenured, well-respected member of… Read More →

Wentworth Property, Northwood Investors to redevelop 234KSF office

Rendering courtesy of Gensler

Wentworth Property Company (WPC) and Northwood Investors purchased a ±234,446 square foot office project at 1665 W. Alameda Drive. The partners had the vision to see the unique potential in the property and purchased it for $13.83M with plans to spend $20 to $25 million on redeveloping the project. They selected Gensler as the architect,… Read More →

American Traffic Solutions relocates 600 employees to Waypoint

Waypoint at Riverview

Harvard Investments, Lincoln Property Company (LPC) and American Traffic Solutions (ATS) announced today that ATS will be relocating more than 600 employees to Waypoint, a new Class-A office campus located in Mesa, Ariz. ATS’s lease includes total occupancy of one of two new buildings planned by owner Harvard Investments and development partner LPC. “We welcome… Read More →