Brokerage Archives

One South Church attracts 22KSF of new office tenants

Low Level Aerial view of Downtown Tucson, Arizona
September 30, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE recently negotiated long-term office leases with major tenants at One South Church, the landmark building in downtown Tucson, Ariz. Global engineering firm HDR has leased 9,659 square feet of space, while Regus, the world’s largest provider of flexible work space, has inked a deal for the entire 12,659-square-foot 12th floor. Buzz Isaacson with CBRE’s… Read More →

De Rito reports new burger restaurant, Orange Theory leases

Kelly's Burger 2
September 30, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Pizza Hut adding Avondale location Pizza Hut completed a deal to add another Valley location, this one at the southwest corner of Dysart Road and Van Buren Street in Avondale. Morey Fischel of De Rito Partners represented the tenant in the deal for a 1,800-square-foot space. Metro PCS opening new location in El Mirage Metro… Read More →

Auto finance company leases 40KSF in Tempe

Papago Tech Center, Courtesy of CoStar
September 29, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed a 40,000-square-foot office lease at Papago Technology Center located at 1700 N. Desert Drive in Tempe, Ariz. Bryan Taute with CBRE represented the landlord, WDP Partners of Phoenix. The tenant, Greenville, NC-based Regional Acceptance Corp. a division of BB&T Bank, was represented by Jason Moore and Keith Lammersen with JLL. This lease… Read More →

CBRE releases Tucson transaction report

1951 W Grant Rd, WEB
September 29, 2014 by in AZRE Magazine | Blogs | Brokerage | In The Spotlight

CBRE’s Tucson office has released the following recent transactions for the greater Tucson area:   Life Energy Wellness, LLC has leased 1,627 square feet of office space at 5232 E. Pima Street in Tucson. The local chiropractic practice led by Dr. Jaime Sanchez was represented by Bruce Suppes with CBRE’s Tucson office. The landlord, 2030… Read More →

Covered Wagon RV Park sells for $1.25M

Courtesy of Marcus & Millichap
September 29, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Marcus & Millichap announced the sale of Covered Wagon RV Park, 44 RV Site, two MH site and a SFR/office built on 3.27 acres Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset was listed for $1,250,000. Octavian Paul and Douglas A. Danny, MHC/RV Resort investment specialists in Marcus &… Read More →

Fine Line Fabricating buys office-industrial space in Phoenix

16461 N  25th Ave, daum, web
September 25, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Daum Commercial Real Estate Services has negotiated the $1.2 million sale of a 20,565-square-foot office-industrial building located at 16461 N. 25th Avenue in Phoenix. Jerry Hillery and Chris Rogers of Daum in Phoenix represented the buyer, Fine Line Fabricating. The seller, Baughman-Williams, was represented by TJ Swearengin and Matt Hobaica of Lee & Associates. The… Read More →

Freeport Industrial Center reaches full occupancy

Freeport Distribution Center
September 25, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease  at Freeport Industrial Center, 5502 W. Buckeye Ave.   Elontec, an award-winning, woman-owned office furniture, relocation and cabling company, will consolidate its operations and relocate its corporate headquarters to the property. This lease brings the 103,400-square-foot Freeport Industrial Center to 100 percent occupancy. Elontec has… Read More →

Brittany Warnica promoted by CBRE

Brittany Warnica, CBRE
September 23, 2014 by in AZRE Magazine | Brokerage | In The Spotlight | Newsmakers

CBRE announced that Brittany Warnica has been named marketing director for the Arizona market. For the past three years, Warnica has been leading the marketing efforts in Phoenix and recently took on management of Tucson marketing. “We are so pleased to elevate Brittany to marketing director for Arizona. She is a tenured, well-respected member of… Read More →

Wentworth Property, Northwood Investors to redevelop 234KSF office

Rendering courtesy of Gensler

Wentworth Property Company (WPC) and Northwood Investors purchased a ±234,446 square foot office project at 1665 W. Alameda Drive. The partners had the vision to see the unique potential in the property and purchased it for $13.83M with plans to spend $20 to $25 million on redeveloping the project. They selected Gensler as the architect,… Read More →

American Traffic Solutions relocates 600 employees to Waypoint

Waypoint at Riverview

Harvard Investments, Lincoln Property Company (LPC) and American Traffic Solutions (ATS) announced today that ATS will be relocating more than 600 employees to Waypoint, a new Class-A office campus located in Mesa, Ariz. ATS’s lease includes total occupancy of one of two new buildings planned by owner Harvard Investments and development partner LPC. “We welcome… Read More →

Sapphire Scientific leases 31KSF in Phoenix

Sapphire Scientific leased 31KSF at 21430 N. 15th Ln. in Phoenix.
September 23, 2014 by in AZRE Magazine | Blogs | Brokerage | Featured | In The Spotlight

Commercial Properties, Inc., announced the lease of a 31,034 SF industrial suite located at 21430 N. 15th Ln. in Phoenix. John G. Soldo, SIOR of CPI’s Tempe Industrial Group represented the tenant in this transaction. The property is a multi-tenant warehouse building owned by Columbia Arizona 15Th Industrial LLC, and is located just south of… Read More →

Scottsdale Executive Office Center signs new tenants

Scottsdale Executive Office Center, Courtesy of Cushman & Wakefield of Arizona
September 22, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cushman & Wakefield of Arizona, Inc. negotiated 21,085 square feet of new leases at Scottsdale Executive Office Center, 15880, 15990 and 16100 N. Greenway-Hayden Loop. Ingram Micro, Inc., a Santa Ana, Calif.-based firm, opened a technology incoming call center and occupies 14,926 SF. PHX Architecture relocated from a central Scottsdale location into 6,159 SF. “The… Read More →

Colliers International hires first mission critical data center expert

data center to be built in price corridor in chandler

Colliers International in Greater Phoenix has hired Michael Ortiz, its first mission critical and data center expert, to help capture the data center construction market which is expected to boom to $20 billion in the U.S. and $80 billion globally by 2020, according to a 2011 Data Center Knowledge article. Construction for data centers, the… Read More →

Superstition Springs Business Park trades for $13.98M

Superstition Springs Business Park
September 21, 2014 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Lee & Associates is pleased to announce the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $13,985,000 or $137.90 per SF. Total SF for the project was 101,411 SF. The transaction closed on September 12. Lee & Associates Arizona brokers facilitated both sides of the… Read More →