Author Archives: 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.

BOMA Award Winners

San Tan Corporation
November 21, 2014 by in AZRE Magazine | Featured

A Night at the TOBY Awards BOMA’s annual The Outstanding Building of the Year (TOBY) awards will be presented November 14 in Phoenix. The following finalists have a chance to compete at a regional level following a victory among the Greater Phoenix chapter. Last year, the Arizona Game & Fish Department building, managed by Lincoln… Read More →

Continental Plaza sells for $1.6M

Continental Plaza, Lee and Associates, WEB
November 21, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Continental Plaza, a 37,400 SF retail shopping center at 855 W. University Dr. in Mesa sold for $1,612,500 or $43.11 per SF. The transaction closed on Nov. 14. The neighborhood center was over 70 percent leased at the time of sale. Lee & Associates principals, Jan Fincham and Pat Dempsey completed the deal on behalf… Read More →

Voit grows team in Phoenix with two new brokers

November 20, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Voit Real Estate Services’ Phoenix office is continuing to expand its presence in the Greater Phoenix market with the addition of two top-producing brokers. Voit is pleased to announce the addition of Jenette Bennett and Jason Jones, both specializing in retail and focused on the West Valley, who have joined the firm as vice presidents.… Read More →

Lee & Associates to market Cabot Commerce Center

Courtesy of Lee and Associates
November 20, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Lee & Associates Arizona has been awarded the marketing assignment at Cabot Commerce Center, a three-building project totaling 227,160 square feet. Lee & Associates principals, Jeff Conrad, Matt Hobaica and Chris McClurg were tasked with securing tenants for the general industrial multi-tenant development. These institutional quality buildings feature grade level and truckwell loading (per bay),… Read More →

CSHQA celebrates 125 years of operation

Safeway Scottsdale

CSHQA, an architecture and engineering firm, is celebrating 125 years of continuous operation. It was established in 1889 as William S. Campbell Architects. James A. Fennel joined in 1904 the name changed to Wayland & Fennel Architects. Glen Cline and his friend Neil Smull joined in 1949 and 1961, respectively. Shortly after Robert Hamill and… Read More →

Phoenix Towers gets $5M renovation, newly painted exterior

Phoenix Towers, courtesy of Ghaster Painting & Coatings
November 19, 2014 by in AZRE Magazine | Construction | In The Spotlight

Phoenix Towers is a unique high-rise residential community in the heart of Phoenix’s arts district, just north of downtown on Central Avenue.  Built in 1957 as a resident-owned cooperative community, Phoenix Towers is now considered an outstanding example of mid-century architecture and is listed on the Department of the Interior’s register of historic buildings. Located… Read More →

Dove Mountain Centre in Marana sold

Dove Mountain Centre
November 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently sold the 82,450± square-foot Dove Mountain Centre, a high-end shopping center in Marana, Ariz. This property is located at the main entrance to the Dove Mountain master-planned community. Mindy Korth, executive vice president, and Kirk Kuller, vice president, both of Colliers International, represented the seller. Paul Schloss of Bourne… Read More →

Terri’s Consign & Design office building sold for $2.8M

Terri's_Hopley, WEB
November 19, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of a 23KSF, class-A office building in Scottsdale for $2.87M, or $126 per square foot. The buyer, Desert Palm Management Group of Phoenix, purchased the building, located at 15000 N. Hayden Road, from LC Coffey of Lincoln, Neb. Colliers International Executive Vice President Greg Hopley represented… Read More →

Sundt hires Garren Echols, Kelly Wyllie

November 19, 2014 by in AZRE Magazine | Construction | Newsmakers

Sundt Construction, Inc. recently welcomed preconstruction project manager Garren Echols and project engineer Kelly Wyllie to its Southwest office. Echols, with nearly 20 years of construction experience, comes to Sundt after serving as deputy director of estimating for one of the nation’s leading engineering and construction firms. In his role at Sundt, Echols works closely… Read More →

Tempe industrial building trades for $1.7M

7425 S. Harl_photo, lee associates, web
November 18, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

A 27,800 SF Industrial warehouse at 7425 S. Harl Ave. in Tempe at the I-10/Elliot Industrial Park sold Nov. 14 for $1,695,000 or $60.97 per SF. The building was 67 percent leased at time of sale. Lee & Associates principals Andy Ogan, Matt Fredrick and Matt McDougall represented both sides of this transaction. Ogan represented… Read More →

Mercy Gilbert to redesign its orthopedic department

Blue Desert Mercy Gilbert Orthopedic Physical Therapy Room
November 18, 2014 by in AZRE Magazine | Featured | In The Spotlight

Blue Desert Interiors was recently awarded the contract to redesign the 11,400 square foot Orthopedic Department at Dignity Health’s Mercy Gilbert Medical Center. The goal of the project is to improve patient healing by redesigning existing interiors into a baseball theme that inspires post-surgery activity through therapy and promotes an atmosphere of team collaboration with… Read More →

NAIOP Arizona announces developing leaders, mentors

A Developing Leaders education event featured breakfast with Valley businessman Sam Fox at The Henry.
November 18, 2014 by in AZRE Magazine | Featured | In The Spotlight

Earlier this month, NAIOP Arizona announced its incoming class of Developing Leaders for 2014/2015 and the mentors. This is the chapter’s fourth year hosting the mentorship program. The incoming class and mentors are: >> Zach Barness, Tratt; Keaton Merrell, Legacy Capital >> Patrick Boyle, CBRE; Jim Wentworth Jr., Wentworth Property >> Derek Buescher, Irgens; Pat… Read More →

STORE Capital announces IPO pricing

STORE Capital Logo copy
November 18, 2014 by in AZRE Magazine | Featured | In The Spotlight

STORE Capital Corporation, an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate (STORE), announced Tuesday the pricing of its initial public offering of 27,500,000 shares of its common stock at a price to the public of $18.50 per share. The shares are expected to begin trading on… Read More →

Helix acquires Sonoran Corporate Center building

Building six at the Sonoran Corporate Center

Helix, an Arizona-based commercial real estate brokerage, management, investment services and development company, recently acquired new Scottsdale commercial property, Sonoran Corporate Center Building 6 for $1.57 million. Located just off the 101 and Princess Drive, in Scottsdale, Sonoran Corporate Center includes a 10,154 square foot building that is 100 percent occupied by Medical Practice Innovations… Read More →

Retail center with Lee Lee Oriential Supermarket sells for $3.67M

Lee Lee Oriental Supermarket
November 17, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed the investment sale of a 60,080-square-foot retail space in Peoria for $3.67 million, or $61.12 per square foot. JGNK Investments Arizona LLC, of Santa Ana, Calif., purchased the property at 7575 W. Cactus Road from 75 Cactus LLC, of Phoenix. Marcus Muirhead, associate vice president, and Lauren Rodes,… Read More →