Brokerage Archives

Desert Commercial Advisors announces sales, leases Vadim Guzhva
by in AZRE Magazine | Brokerage

Desert Commercial Advisors announced its recent sales and leases, totaling $1,515,000 million in sales across the Valley, and 21,915 square-feet worth of leased out space. Sales: Office advisors, Justin Horwitz and Paul Borgesen III sold 8,643 square-feet to Michael Smith, who was represented by SRM Development for $635,000.00. The retail property is located at 2722 N.… Read More →

ARM signs lease for Arizona operations in Chandler

by in AZRE Magazine | Brokerage | Office

Cushman & Wakefield, a commercial real estate services firm, announced, Monday, that ARM Inc. leased a 13,275 square-foot space for its new Arizona operations at The Park at San Tan in Chandler. ARM, headquartered in Cambridge, England, is a semiconductor intellectual property supplier. ARM licenses intellectual property to a network of partners, which includes the world’s… Read More →

Hoskin-Ryan signs long-term Phoenix lease Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage | Office

Hoskin-Ryan Consultants, Inc., a full-service, civil engineering firm signed a long-term, 12,808 SF office lease at 5050 @ Camelback located near 40th Street and Camelback Road. Craig Coppola and Andrew Cheney, Principals and Gregg Kafka, Associate with Lee & Associates, represented the landlord, California-based Mark IV, Capital Inc., while Scott Nelson with Commercial Properties, Inc.… Read More →

McCarthy Building names new VP of operations

hire employee job

McCarthy Building Companies Inc. named Dr. David Peterson vice president of operations for Education Services in the Southwest division. The Education Services team focuses on construction and renovation projects for K-12 schools and community colleges primarily in Arizona, New Mexico and Colorado. In his leadership position, Peterson will oversee all of the Education team’s operations and supervise project… Read More →

Anthem property sells for $3.09M Oleg Dudko
by in AZRE Magazine | Brokerage

An Anthem property, that Valley Child Care leases, sold to Ira Stegner for $3,090,000 by Anthem Heritage, LLC. The building is located near Daisy Mountain Drive and Anthem Way, and is a 10,014 square-foot freestanding building. Valley Child Care & Learning Center is the sole-tenant of the property, and is in an absolute lease until… Read More →

Desert Vista Commerce center sells for $8.9M

Desert Vista Commerce Center
by in AZRE Magazine | Brokerage

BKM Capital partners purchased a Tempe multi-tenant industrial center, Desert Vista Commerce Center, for $8,914,000. The 98,678 square foot, three-building complex was purchased in a value-add transaction. Kidder Mathews commercial real estate brokers, Darren Tappen, Mike Kasulaitis, and Aric Adams, represented BKM Capital Partners in the transaction. Washington-based Desert Vista LLC – Richard Donovan, a… Read More →

Roosevelt Business Park sells for $14.9M

Roosevelt Business Park
by in AZRE Magazine | Brokerage

The Roosevelt Business Park, a four-building industrial park near Roosevelt Street and 75th Avenue , was sold to California-based WLA Realty Group for $14.9 million. Cushman & Wakefield Senior Vice President Gary Anderson, Senior Managing Directors Paul Boyle and Rick Danis, along with Associate Mike Gilbert negotiated the sale transaction. WLA Realty Group bought the… Read More →

Phoenix warehouse sells for $3.57M

by in AZRE Magazine | Brokerage | Industrial

California-based Daum Commercial Real Estate Services negotiated the $3.57 million sale of a 35,318-square-foot industrial warehouse located at 21615 N. 7th Avenue in Phoenix. Chris Rogers and Trevor McKendry of Daum Phoenix represented both the buyer and seller in the transaction. Bob Lundstedt, first vice president of Daum Phoenix, assisted in representing the seller. The… Read More →

Plexus Worldwide moves into new headquarters

Plexus Worldwide
by in AZRE Magazine | Brokerage

Scottsdale-based Plexus Worldwide, a direct-marketing weight-loss and health-supplement seller, is moving into a new 70,000 square-foot headquarters near by its warehouse and fullfillment center, creating its own campus. Combined with Plexus’ 30,000 square-foot warehouse, the new headquarters creates a 100,000 square-foot combined campus. The campus is in the Pima Center, a 209-acre mixed-use business park… Read More →

Plaza Companies’ records $56M in new sales, leases

by in AZRE Magazine | Brokerage

Plaza Companies’ Brokerage services team ended 2015 with $56 million worth of sales and leases in the medical office marketplace. The Brokerage Services Team tallied a total of $39 million in new lease deals from 111 new and renewed leases totaling 290,000 total square feet. The Brokerage services team is led by Megan Reeves, executive vice president-Brokerage Services, Perry Gabuzzi,… Read More →

Chandler industrial property sells for $3.15M

Phoenix Warehouse
by in AZRE Magazine | Brokerage | Industrial

Phoenix-based GPE Commercial Advisors secured the sale of 5.21 acres of zoned industrial land that included 25,234 square-feet of office and warehouse space in Chandler for $3,150,000. CSW Land Co Riggs purchased the property, and Gail Brown associate vice president at GPE represented the seller while John Werstler of CBRE represented the buyer. The property… Read More →

Scottsdale medical plaza sells for $1.5M

Scottsdale Medical Plaza
by in AZRE Magazine | Brokerage | Medical

Scottsdale office and medical complex, Plaza Leyenda, sold for $1,523,000 to Utah-based MD Consultants. Capital Asset Management represented MD Consultants, and Deleware-based FNBN-CMLCON I LLC sold the property located near Frank Lloyd Wright and Shea Boulevards. Plaza Leyenda offers easy access to the Loop 101 and is within minutes of the Mayo Clinic and Scottsdale… Read More →

Paradise Valley Corporate Center sells for $37.4M

Corporate Center
by in AZRE Magazine | Brokerage

The Paradise Valley Corporate Center, near Cactus Road and Tatum Boulevard, sold for $37.4 million to a California-based real estate investment firm. Cushman & Wakefield’s Executive Director Chris Toci and Director Chad Littell negotiated the sale to Buchanan Street Partners, and no other outside broker was involved. The office complex is currently 94 percent leased.… Read More →

CBRE completes $24.35M sale of Gilbert apartments feverpitched
by in AZRE Magazine | Brokerage | Multi-Family

CBRE  completed the sale of Cambria, a 174-unit apartment community located at 130 W. Guadalupe Road in Gilbert, for $24.35 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the transaction. “Cambria is a well-located asset in highly desirable Downtown Gilbert,” Cunningham said. “The buyer was able to purchase… Read More →