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.

Liberty Center at Rio Salado completes first building

Liberty Center at Rio Salado is a partnership between Liberty Property Trust and Markham Contracting Co.

Liberty Property Trust announced that it has completed the construction of its 155,000 square foot Class A office building, located at 1850 W. Rio Salado Parkway in Tempe.  The building opening marks Liberty’s first of up to potentially 11 buildings planned at Liberty Center at Rio Salado, and officially launches the innovative mixed-use business park.… Read More →

ZELL reports recent retail transactions

Scottsdale Seville, La Petite
October 17, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

ZELL Commercial Real Estate Services, Inc., a full service shopping center management and leasing firm based in Phoenix, Arizona announces the following retail lease transactions: HERBAL NAILS & SPA GOING TO MARKETPLACE AT LINCOLN IN SCOTTSDALE, ARIZONA  Herbal Nails & Spa, offering organic nail, facial and waxing services, has leased 1,255 square feet in the… Read More →

Crossroads Corporate Center sells for $7.18M

Crossroads Corporate Center

CBRE has completed the sale of Crossroads Corporate Center located at the northwest corner of I-17 and Bell Road in metropolitan Phoenix. The ±105,107-square-foot office/flex building commanded a sale price of $7.18 million. Barry Gabel, Chris Marchildon, Ashley Brooks, Jim Bayless and Jenny Aust with CBRE’s Phoenix office negotiated the sale between the buyer, a… Read More →

HFF arranges acquisition financing for Camelback Center

HFF OM - Camelback Center

HFF announced it has arranged acquisition financing for Camelback Center, a 32,963-square-foot, CVS-anchored retail center in Phoenix. HFF worked on behalf of a private real estate fund advised by Crow Holdings Capital- Real Estate to secure the fixed-rate loan through Guggenheim Commercial Real Estate Finance, LLC.  Loan proceeds were used to acquire the property. Camelback… Read More →

Hines closes on purchase of 25-acre Chandler Viridian

C:UsersRogerDesktopProjectsHines - Chandler CommonsCADCD

Hines, the international real estate firm, announced today that it has closed on the purchase of the 25.5-acre site for Chandler Viridian, a mixed-use property on the northwest corner of the Loop 101/Loop 202 interchange, adjacent to the Chandler Fashion Center. Hines has been working on Chandler Viridian for nearly two years due to the… Read More →

Kitchell completes first phase of Scottsdale Bible Church renovations

Bible Church, Greg Vatt, Kitchell, WEB

Kitchell recently completed the first phase in transforming the Scottsdale Bible Church campus at Shea Blvd. and 76the Street. The work included construction of Grace Chapel, which serves as a “front door” to the entire 18-acre campus, as well as the Special Ministries classrooms and the Student Center. In addition, Kitchell remodeled administration areas, a large bathroom… Read More →

Three tenants sign, open Shops at 38th Street Plaza

Shops at 38th St Plaza, WEB
October 16, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

SRS announced three new tenants now open at Shops at 38th Street, a neighborhood shopping center located at the northwest corner of Indian School Road and 38th Street in the Arcadia area of Phoenix. The Whining Pig Beer & Wine Bar is opening their second location just one year after their first location opened at 16th Street… Read More →

Walton Group announces new senior vice president

Kip Gilleland
October 16, 2014 by in AZRE Magazine | Newsmakers

The Walton Group of Companies, with U.S. headquarters in Scottsdale, Ariz., announced that Kip Gilleland will join Walton’s land acquisitions and institutional relationships group, Walton Asset Management, as Senior Vice President. In his new role, Gilleland will oversee land acquisition and new market research in the Southwest United States in strategic growth areas like Arizona, California, Denver,… Read More →

TMC renovates expanded space in downtown Phoenix

TMC Rendering, WEB

Torres Multicultural Communications (TMC) – an independent, Latina-owned, full-service agency specializing in marketing and public relations solutions for today’s multicultural marketplace – continues to grow at a rapid pace with the relocation to a newly-renovated office space in Downtown Phoenix, in addition to launching Luna Culture Lab in the next months. According to TMC President… Read More →

Robert Gracz wins executive award from CoreNet Global

Bob-Gracz

Robert Gracz, Vice President of Corporate Real Estate for Avnet, Inc., was named the Corporate Real Estate Executive of the Year for the Arizona chapter of CoreNet Global. CoreNet Global is the world’s premier professional association for corporate real estate executives and workplace professionals. In his role at Avnet, Inc., Gracz is responsible for executing… Read More →

UofA breaks ground on 245KSF Biosciences Partnership Building

Biosciences_Partnership_Building_poster

With a shovel of dirt, construction began Thursday on the 10-story Biosciences Partnership Building; the latest development in downtown Phoenix.   University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton tilled the soil ceremoniously marking the beginning of the 2-year design and construction for the 245,000-square foot research building on the Phoenix… Read More →

Hines buys Elevation Chandler site for $8.25M

ElevationChandler, Cassidy Turley, WEB

Cassidy Turley announced the sale of a 10.55-acre site at the northwest corner of Loop 101 and Loop 202 Freeways in Chandler, Ariz. Hines Interests Limited Partnership purchased the former Elevation Chandler site for $8.25 million. The seller was Price & Frye Investments, LLC. Cassidy Turley Executive Managing Directors David Fogler and Steven Nicoluzakis and… Read More →

Irgens breaks ground on Portico Place II in Chandler

Members of the development team break ground on Portico Place II in Chandler.

Irgens has broken ground on Portico Place II, a 48,173 sf, two-story, class-A multi-tenant office building located at 2195 West Chandler Boulevard. This speculative office building is being developed in response to growing demand for new, contemporary office space in the southeast Valley submarket by commercial office tenants. Current class-A office vacancy in the Southeast… Read More →

M Group Scenic Studios leases 11KSF at Evans Airpark Center

Scottsdale airport runway edge
October 15, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Kent Circle Investments, LLC (Scott Seldin, manager) announces M Group Scenic Studios, Inc. has leased an 11,438 SQ FT of industrial space at Evans Airpark Center. M Group Scenic Studios, Inc. specializes in large-scale national and international events. The landlord, Kent circle Investments, LLC was represented by Jim Keeley, Colliers International. M Group Studios, Inc. was… Read More →

Dollar General sells in Marana, Ariz.

Dollar General rendering

Marcus & Millichap announced the sale of Dollar General, a 9,100-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,755,000 and is currently under construction. Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive… Read More →