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.

Rainbow Housing has signed 7 contracts in 2014 so far

RainbowHousing, WEB

Rainbow Housing Assistance Corporation (Rainbow), a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country, signed seven new contracts bringing in more than 1,500 new units throughout Washington, California and Texas. Additionally in 2014, Rainbow added three new clients to its service portfolio as well as several service-oriented… Read More →

Pizza85 leases two more store locations, celebrates grand openings

Rendering of Pizza Five85's Chandler location. Courtesy of Velocity Retail.
August 14, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Andy Kroot announced that Pizza Five85 will be opening two new locations in the Phoenix area in August/early September with two more stores on the horizon. Kroot, principal at Velocity Retail represented Pizza Five85 in its leasing of its two new locations. “I am looking forward to continuing to help Pizza Five85 locate and open… Read More →

Desert Mini Storage owner buys 22KSF office building for $3.5M

Colliers, Office, Costar, WEB
August 14, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed a sale of a Class A, 22,345-square-foot office building in Scottsdale for $3.5 million, or $156 a square foot. Spensa Management, LLC, of Minnesota purchased the building, located at 8525 E. Pinnacle Peak Road, from K2H Pinnacle Peak Place, LLC, of Vancouver, BC, Canada. Mike Milic, vice president;… Read More →

Glimcher breaks ground on 170KSF at Scottsdale Quarter

ScottsdaleQuarterOffice, WEB

Glimcher Realty Trust has broken ground on Block M at Scottsdale Quarter, a six-story, approximately ±170,000 SF Class-A, mixed-use building in north Scottsdale, Ariz. Located at the southeast corner of the high-end lifestyle center, the new tower will feature premier office space, above ground-floor retail plus an additional parking garage for both tenants and visitors.… Read More →

Ryan West Business Park sells for $14.59M

8313 Latham, WEB

Cassidy Turley announced today that a subsidiary of Cohen Asset Management purchased Ryan West Business Park, a ±242,863 square foot warehouse distribution building at 8313 Latham in Tolleson for $14,591,460 from EG Properties, LLC. Ryan Companies US, Inc’s (Ryan) Real Estate Management group was the asset manager for the seller and will continue to serve… Read More →

Caretaker Landscape hires, promotes four managers

August 14, 2014 by in AZRE Magazine | Blogs | Newsmakers

Caretaker Landscape and Tree Management has hired four new managers. Pat Lynch, Senior Account Manager Caretaker Landscape and Tree Management has promoted Pat Lynch to Senior Account Manager.  Lynch is a Certified Desert Landscape Professional (CDLP), Arizona Certified Landscape Professional (ACLP) and Arizona Certified Pesticide Applicator (ACPA).  Lynch joined Caretaker more than nine years ago… Read More →

Plaza Companies awarded leasing for Arrowhead Medical Plaza II

Arrowhead, WEB

Plaza Companies has been selected to manage property and construction services for a busy medical office building in Glendale. American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare) has retained Plaza Companies for its 45,289-square-foot Energy-Star rated property known as Arrowhead Medical Plaza II.  The three-story medical office building is located on the campus of Arrowhead Hospital at 18700 N 64th Dr. in Glendale.  Over the… Read More →

Anixter commits early to Airport I-10 spec development

Airport I-10

Wentworth Property Company/Clarion Partners and the Phoenix office of JLL have secured a benchmark 63,000-square-foot tenant lease commitment this week at Airport I-10 Business Park—one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix history. The lease, made by Illinois-based Anixter International, Inc., fills almost half of Airport I-10’s “Building E” months before anticipated shell construction… Read More →

Craig Schrader joins Cushman & Wakefield

Craig Schrader, Cushman & Wakefield
August 13, 2014 by in AZRE Magazine | Brokerage | Newsmakers

Craig Schrader has joined Cushman & Wakefield of Arizona, Inc. as a Project Manager in Corporate Occupier & Investor Services (CIS). Schrader will be responsible for business development and project management, working with the Property Management team. He will also work in support of Cushman & Wakefield’s brokerage teams. Schrader joins the Phoenix office after… Read More →

Cresa Phoenix adds corporate advisory team

Christopher R. Walton joins Cresa as a Managing Principal of the Phoenix office.

Cresa, a commercial real estate tenant representation firm, just got larger. Cresa Phoenix announced that one of the city’s most successful corporate real estate advisory teams has joined Cresa. Chris Walton will join Cresa’s global platform as a Managing Principal, along with Ryan Burkett as Vice President, and Chris Ellington as Advisor. Alongside the other… Read More →

E&E Tradeshow Rentals leases 10KSF at Arizona Corporate Center

3215 N Nevada Street, CPI, WEB
August 13, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., announced the sale of a 10,672 SF freestanding, industrial building located in Arizona Corporate Center at 3215 N Nevada Street in Chandler, Arizona to E&E Tradeshow Rentals and Properties. Eric Jones and Leroy Breinholt of CPI’s Tempe Office represented the seller in this transaction. 3215 N Nevada Street is a single-tenant building… Read More →

John Trujillo joins Sperry Van Ness

August 12, 2014 by in AZRE Magazine | Brokerage | Newsmakers

John L. Trujillo comes to Sperry Van Ness with more than a decade of experience in commercial real estate. John will be specializing in retail leasing and sales. His experience includes brokerage leasing and sales, acquisitions and management and commercial property development. Trujillo has also worked for two major general contractors’ real estate divisions in… Read More →

Crown Castle leases 70KSF build-to-suit in Chandler

Crown Castle photo, WEB

Colliers International in Greater Phoenix has recently completed the long-term lease of a 70,000-square-foot build-to-suit, Class A office property in Chandler. Crown Castle International, one of the country’s largest independent owners and operators of shared wireless infrastructure, will lease the building on the southeast corner of Germann Road and Stearman Drive in Chandler from developer… Read More →

Fletcher Heights Marketplace in Peoria goes for $3.15M

Fletcher Heights Marketplace, WEB
August 11, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently sold the 26,658-square-foot Fletcher Heights Marketplace in Peoria for $3.15 million, or $118 a square foot. Daniel Ortega, a vice president, and Larry Ortega, an executive vice president; both of Colliers International, represented the seller, LB-UBS 2003-C7 Fletcher Heights Marketplace, LLC, of Phoenix. The buyer, Eleven Investments, LLC, of… Read More →

Rich Distler returns to McCarthy Building Cos.

Rich Distler, McCarthy Building Companies

McCarthy Building Companies Inc. recently hired Rich Distler as Vice President of Business Development for the Infrastructure and Water Services team in the Southwest region. His primary focus will include water and wastewater treatment plants for municipalities and private owners. In this position, Distler will play a key role, providing 24 years of industry expertise… Read More →