Brokerage Archives

Opportunity for high-tech firms spills into Phoenix’s suburban markets

Infusionsoft

As goes the high-tech industry, so goes opportunity. Once a high-tech company anchors a neighborhood, housing prices rise, new amenities spring up and unemployment dips. JLL’s latest High-Technology Office Outlook reveals where high-tech companies are looking for (and finding) reasonably priced labor and real estate, and how new and unexpected markets like suburban Phoenix are… Read More →

Auto aftermarket company signs 109KSF lease in Phoenix

Canal Crossing

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction. Lee & Associates principals Jeff Conrad and Allen Lowe represented the landlord, Conor Commercial Real Estate (a real estate development and investment arm… Read More →

11.58-acre, SW Phoenix industrial facility sold for $2.93M

Lee & associates industrial aerial, web
September 17, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Four buildings totaling 18,496 SF on 11.58 acres of land at 8164 W. Buckeye Rd. in Phoenix, has sold for $2,925,000. The transaction was recorded on September 8. Lee & Associates principals Matt Hobaica, Allen Lowe and TJ Swearengin negotiated on behalf of the owner, MidFirst Bank. Hobaica secured the buyer, EMC Holdings, LLC of… Read More →

Elontec leases 28KSF in Phoenix

Cresa Phoenix
September 16, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cresa Phoenix announced Tuesday that it completed a 28,231 square foot lease for Elontec, LLC at Freeport Industrial Center, 5502 W. Buckeye Rd., in Phoenix. Cresa Phoenix Vice President Ted Liles negotiated on behalf of the tenant, Elontec, LLC, an award winning, female owned furniture, relocation and cabling company. The landlord, BC 5 Buckeye LLC,… Read More →

Cody Kollmann joins Cushman & Wakefield

September 16, 2014 by in AZRE Magazine | Brokerage | In The Spotlight | Newsmakers

Cody Kollmann has joined Cushman & Wakefield of Arizona, Inc. as an Associate in the Office Division of the Tenant Representation Group. Kollmann, formerly an intern at Cushman & Wakefield this past summer, will be working with Senior Director Jay Hoselton and Senior Associate Chris Nord.  His intern experience included market research, updating tenant information,… Read More →

Freeport Distribution Center sells for $12.17M

Freeport Distribution Center, HFF, WEB

HFF announced Monday that it has closed the sale of Freeport Distribution Center, a two-building, 219,240-square-foot distribution center in Phoenix. HFF marketed the property on behalf of the seller, IDI Gazeley, part of Brookfield Logistics Properties under the Brookfield umbrella.  An affiliate of Lincoln Property Company purchased the center for $12.17 million free and clear… Read More →

First Commons at West 10 sells for $6.08M

First Commons at West 10
September 15, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced the sale of First Commons at West 10, a ±99,528, institutional-quality, multi-tenant industrial complex. Located at 4625 and 4635 W. McDowell Road, the two-building, general industrial warehouse buildings were purchased by Enright Capital, Calgary, Alberta for $6.08 million. The seller was MDI Capital. Cassidy Turley Senior Managing Directors Bob Buckley, Tracy Cartledge… Read More →

Paradise Arbor apartments sell in Phoenix for $1.176M

Paradise Arbor Apartments, ABI, WEB
September 15, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

ABI Multifamily, a multifamily brokerage and advisory services firm, announced the sale of Paradise Arbor, an apartment community located in Phoenix. The 28-unit garden-style community was originally built in 1985, with renovations in 2011 and 2012, and sold for $1,176,000 or approximately $42,000 per unit. “This is a well constructed all two bedroom community located… Read More →

Tanque Verde apartments in Tucson sell for $21.3M

Tanque Verde, WEB
September 15, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of the Tanque Verde apartment complex, 428-unit multifamily community located at 7671 E. Tanque Verde Road in Tucson, Ariz. The multifamily asset sold for $21.3 million. The property was 94 percent leased at time of sale. Michael Sandahl and Wyatt Campbell with CBRE’s Tucson office, along with Tyler Anderson, Sean… Read More →

Pima Norte signs three tenants

PIma Norte, Courtesy of Whitestone REIT
September 15, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Whitestone REIT (“Whitestone”), a fully integrated real estate company that owns, operates and re-develops Community Centered Properties, welcomed new tenants Berkshire Hathaway HomeServices Arizona Properties, Carefree Movement and KT Financial at the Pima Norte property located just north of Scottsdale, Ariz., in the Carefree and nearby Cave Creek area. Pima Norte, an executive office and… Read More →

Bob Kline joins Cushman & Wakefield capital markets group

Signaling a move to expand its Capital Markets platform, Cushman & Wakefield has added a capital markets and commercial real estate veteran to its leadership roster. Bob Kline of RW Kline Companies has joined the firm as Senior Managing Director of the Equity, Debt and Structured Finance Group (EDSF). Kline was previously CEO of the… Read More →

Alliance Residential’s Bruce Ward named 2014 ‘Executive of the Year’

Bruce Ward, Alliance Residential

Alliance Residential Company announced that Bruce Ward, the company’s chairman and CEO, has been named the 2014 Executive of the Year by Multifamily Executive, one of the leading trade publications for the multifamily housing industry. One of the most prestigious honors of the multifamily industry, the Executive of the Year Award is given annually to… Read More →

Crust Pizza signs 10-year least at Crowne Plaza San Marcos

Crowne Plaza San Marcos
September 11, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Colliers International in Greater Phoenix recently negotiated a 10-year restaurant space lease at Crowne Plaza San Marcos Golf Resort and Hotel in Chandler. Crust Management, LLC, of Phoenix, leased 6,550 square feet, 2,850 square feet of which is in the basement of the resort located at 1 San Marcos Place. Crust was represented by Ken… Read More →

Adler buys 164KSF office campus in Deer Valley

Corridors, WEB

Adler Realty Investments, Inc. (Adler) purchased four multi-tenant office buildings in Phoenix for $16M. The property is part of a larger 80 acre mixed-use park called “Corridors” in the Deer Valley submarket of Phoenix. The Alter Group, the developer of the park, was the seller in the transaction. The 164,000 square feet office campus is currently… Read More →