There’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 (December 1, 2013 to January 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.
Office Sales
1. 100 Centerpoint, Tempe
298,954 SF; $57.5M
Buyer: JPMorgan Chase & Co.
Seller: Brookfield Real Estate Opportunity Fund
Listing Broker: Chris Krewson and Mike Garlick, Newmark Grubb Knight Fran
Buyer Broker: Kevin Calihan, CBRE
2. 5090 Building, Phoenix
175,186 SF; $26.35M
Buyer: Lowe Enterprises Real Estate Group
Seller: CJK Investments
Listing Brokerage: CBRE
3. Perimeter Gateway I, Scottsdale
230,000 SF; $26M
Buyer: Desert Troon Companies
Seller: CW Capital Asset Management, LLC
4. Scottsdale Financial Center III, Scottsdale
152,077 SF; $24.65M
Buyer: Lowe Enterprises Real Estate Group
Seller: CJK Investments
Listing Brokerage: CBRE
5. Northgate Corporate CentRE, Phoenix
131,854 SF; $22.825M
Buyer: Griffin Capital Corp.
Seller: Najafi Companies
Listing Brokerage: CBRE
Office Leases
1. Pima Office Pavilion, Scottsdale
90K SF
Landlord: Healthcare Realty Services Inc.
Tentant: Rural Metro
Landlord Brokers: Jim Achen, Jr., Bill Zurek, Larry Pobuda, Transwestern
Tenant Broker: Tom Adelson, CBRE
2. Phoenix Plaza – Tower II, Phoenix
55,946 SF
Landlord: General Electric Capital Corp.
Tentant: Abengoa
Landlord Brokerage: CBRE
Tenant Brokerage: CBRE
3. Western International University, Phoenix
39,424 SF
Landlord: Anthem Education
Tentant: The Bryman School
Landlord Brokerage: DAUM Commercial Real Estate Services
Tenant Brokerage: Newmark Grubb Knight Frank
4. Allred Park PlacE, Chandler
34,945 SF
Landlord: Mark Krison, Brad Anderson, Mike Strittmatter
Tentant: INSYS Therapeutics Inc.
Landlord Brokerage: CBRE
Tenant Brokerage: Cassidy Turley
5. U.S. Bank Center, Phoenix
26,490 SF
Landlord: Angelo, Gordon & Co.
Tentant: Jacobs Engineering Group Inc.
Landlord Brokerage: Jones Lang LaSalle
Tenant Brokerage: Cushman & Wakefield
