Brokerage Archives

Cushman & Wakefield | PICOR report recent transactions

Revere Investments, LLC purchased a 2,076 square foot office building at 6079 E. Grant Rd. in Tucson for $282,000 from Kaneen Property, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.

Cushman & Wakefield | PICOR reported the following transactions on May 22: SALE 1845 Investments, LLC purchased a 2,200 square foot building at 1841 and 1845 S. Craycroft Rd. in Tucson from Quik-Mart Stores, Inc. for $300,000.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the buyer and Aaron LaPrise, Retail Specialist… Read More →

Haven Behavioral Health expands at Phoenix Memorial Center

Phoenix Memorial

CBRE has negotiated an additional 8KSF of leased space at Phoenix Memorial Center. Haven Behavioral Health has expanded to 30KSF, up from 22KSF. Phoenix Memorial Center is now 93.4 percent leased. Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The tenant was self-represented. “The owners… Read More →

$2B freeway expansion benefits $1.4M land opportunity

Cropped ADOT map of proposed expansion routes

No stranger in representing multifamily and land opportunities, Chip Kloppenburg and John Trujillo with Sperry Van Ness in Phoenix are ready to make their own “land” mark at 5252 S. 36th Street in Phoenix. The team is representing the seller.  The 9.64 acres are located only 10 miles from the recently approved Loop 202 extension off Pecos Road. The decision to… Read More →

Arvato Digital Services moves to San Tan Tech Center

San Tan Tech Center, Courtesy of ViaWest

ViaWest Group announced today that Arvato Digital Services, LLC, a subsidiary of the multi-billion dollar global media and services company Bertelsmann, has signed a six-year lease for 33,048 SF of office space at San Tan Tech Center.  The ±129,187 SF property is located at 145 S. 79th Street in Chandler and is also home to the… Read More →

Wentworth Property Company announces West 80 plans

West 80 rendering, courtesy of DTZ.

DTZ announced May 21 it has begun to market West 80, a ±379,635 SF, for-lease, speculative development by Wentworth Property Company (WPC). Located on the southeast corner of 80th Avenue and Buckeye Road in Phoenix, WPC plans to break ground on the industrial distribution center before year-end with delivery in 2016. DTZ Executive Managing Directors Andy… Read More →

Home Depot signs 12-year back office lease

Tempe One, Courtesy of Lee & Associates

Lee & Associates Arizona announced the signing of a 12-year, 111,349 SF lease with The Home Depot USA, Inc. of Atlanta. The back office building known as Tempe One is located at 1717 W. 16th St. in Tempe. Move-in for the online call center is scheduled for Q4 of this year. Rick Lee, Principal with… Read More →

Tempe Warner Self Storage sells for $6.7M

Tempe Warner Self Storage

Cushman & Wakefield announced the sale of Tempe Warner Self Storage at 1835 E. Warner Rd. in Tempe for $6.7M. Greg Wells of Cushman & Wakefield, director of the Self-Storage Industry Group represented the seller, Hibernia Tempe, LLC, and procured the buyer, StorQuest Self Storage The 52,200 SF self-storage building offers 100 percent drive-up access… Read More →

Aura at Midtown sells for $8.69M

Aura at Midtown, Courtesy of Marcus & Millichap

Marcus & Millichap announced the sale of Aura at Midtown, a 96-unit apartment complex in Phoenix. The $8.69M sales price equates to $90,500 per unit. Steve Gebing, a senior director of Institutional Property Advisors, a division of Marcus & Millichap, along with Marcus & Millichap vice president investments Cliff David, first vice president investments Richard… Read More →

Concentrated Culture: The symbiosis of new-build and adaptive reuse

Portland on the Park, Courtesy of DAVIS

There are undeniable truths in commercial real estate. For instance — retail follows rooftops. However, when the right variables come together, the presence of retail can create a demand for mixed-use communities. This is a phenomenon Michelle Schwartz, associate at RSP Architects, has observed in her firm’s recent work. “Arizona has such a short history… Read More →

ViaWest purchases fourth Southwest industrial property

Riverside Industrial

ViaWest Group announced a new addition to its expanding portfolio, with the recent successful acquisition of the 72,129 SF multi-tenant industrial building located at 77 N. 45th Ave. in the heart of southwest Phoenix. Phoenix-based ViaWest Group paid $3.07M on the acquisition. This is the fourth acquisition in ViaWest’s new fund focused on the purchase… Read More →

CBRE Tucson reports recent transactions

3561 Sunrise, Courtesy of CBRE

CBRE’s Tucson office has released the following recent transactions: LEASES Chris Valenzuela has leased 3,000 square-feet for a vapor lounge at 2900 E. Broadway Blvd. from HLF Properties. The tenant was not represented in the transaction. The landlord was represented by Nancy McClure and Michael Laatsch with CBRE’s Tucson office. Darling Financial has leased 1,931… Read More →

West Osborn Apartment Community sells for $800,000


CBRE has negotiated the following multi-family sale transaction: Clear Sky Uptown III LLC from Phoenix, AZ has purchased West Osborn, a 17-unit multi-family property located at 445 West Osborn Road in Phoenix, Arizona from West Osborn Apartments LLC of Phoenix, AZ. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and the… Read More →

Investors Warranty sells Arrowhead Business Center

Arrowhead Business Center

DTZ announced today the sale of Arrowhead Business Center, a ±43,915 SF, three building office campus in Glendale.  Dunbar Real Estate Investment Management (Los Angeles) purchased the campus for $5.6 million from Investors Warranty of America Inc. through its investment advisor AEGON USA Realty Advisors LLC. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve… Read More →

Phoenix Mobile Home Park sold for $855,000

May 14, 2015 by in AZRE Magazine | Brokerage

The sale of Last Chance Mobile Home Park was completed April 27, 2015 for $855,000 to a local private investment firm.  John Sheedy with Park Brokerage Inc. represented the buyer and the seller on the transaction. Last Chance Mobile Home Park is located at 15625 North 25th Place in Phoenix, Arizona. Last Chance is an all ages community… Read More →