Pecan-Promenade

Big Deals: Retail, June 2014 – July 2014

azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Leases and Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Retail Sales

1. Pecan Promenade, Tolleson
132,587 SF; $19M
BUYER: CIRE Equity
SELLER: Tate Capital Real Estate Solutions, LLC

2. Chandler Heights Village, Gilbert
50,763 SF; $12.65M
BUYER: West Valley Properties, Inc.
SELLER: Dr. Bradley A. Tinker
Listing Brokerage: Phoenix Commercial Advisors

3. South Mountain Crossing Shopping, Phoenix
132,314 SF; $11,172,825
BUYER: Lamar Companies
SELLER: Moreno Companies LLC
Listing Brokerage: Lee & Associates

4. The Shoppes at Highlands Village, Mesa
87,486 SF; $10.5M
BUYER: Glenwood Development Company, LLC
SELLER: Donahue Schriber Realty Group
Listing Brokerage: Cassidy Turley

5. Greenfield Gateway, Mesa
70,699 SF; $7,975,000
BUYER: Oakpoint Advisors
SELLER: Starwood Capital Group
Listing BrokerageS: CBRE/Colliers International

Retail Leases

Camelback Colonnade, Phoenix

Camelback Colonnade, Phoenix


1. Camelback Colonnade, Phoenix
80,328 SF
Landlord: The Macerich Company
Tenant: Food & Decor
Landlord Brokers: Mike Kallner, RED Development, LLC

2. Peoria Town Center, Glendale
56,875 SF
Landlord: SNS Investments
Tenant: State Trailer RV & Outdoor Supply
Landlord BrokerAGE: Rein & Grossoehme

3. The Village at Sun Lakes, Chandler
27,600 SF
Landlord: Arizona Partners Retail Investment Group
Tenant: Goodwill
Landlord BrokerAGE: Arizona Partners Retail Investment Group
TENANT BrokerAGE: Velocity Retail

4. Camelback Plaza, Phoenix
24KSF
Landlord: SAFCO Capital Corp.
Tenant: V&V Event Hall
Landlord BrokerAGE: ZELL Commercial Real Estate Services, Inc.
TENANT BrokerAGE: ZELL Commercial Real Estate Services, Inc.

5. Shea Scottsdale East, Scottsdale
22,450 SF
Landlord: Karlin Real Estate
Tenant: LA Fitness
Landlord BrokerAGE: Arizona Partners Retail Investment Group
TENANT BrokerAGE: Diversified Partners

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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.

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