Brokerage Archives

Homebuilder pays $3.5M for 18 acres in sought-after submarket

Cushman & Wakefield announced that CRG Financial Partners, LLC sold 18.1 acres at the southeast corner of Loop 303 and El Mirage Road in Maricopa County for $3.5 million to Scottsdale-based AV Homes of Arizona, LLC. Brian Rosella of Cushman & Wakefield represented the seller. AV Homes of Arizona, the developer and builder of active… Read More →

HFF closes $21.13M sale of office building in Tempe

by in AZRE Magazine | Brokerage

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $21.13 million sale of 1616 West 17th Street, a 111,349-square-foot, newly renovated office building that is fully leased to Home Depot U.S.A., Inc. in Tempe, Arizona. HFF marketed the property on behalf of the seller, Tempe One Investors, LLC, and procured the buyer,… Read More →

Scottsdale Airpark property sells for $8.6M

by in AZRE Magazine | Brokerage

Cushman & Wakefield completed the sale of Monark Center at 15500 N. Greenway-Hayden Loop in Scottsdale for $8.65 million. Private investor Max H. Baril purchased the property The buyer was Max H. Baril, a private investor. The seller, Enright Capital of Calgary, Alberta, was represented by Tracy Cartledge, Bob Buckley, Steve Lindley and Ben Geelan of… Read More →

Popular Scottsdale shopping center sells for $31M

Scottsdale shopping center
by in AZRE Magazine | Brokerage

CBRE Group, Inc., completed the sale of Scottsdale Towne Square, a 162,259-square-foot grocer-anchored center at 13802 N. Scottsdale Rd. in Scottsdale, Ariz. The seller, Holualoa Scottsdale Retail LLC, based in Tucson, Ariz., was represented by CBRE’s Phoenix Bob Young, Glenn Smigiel, Steve Brabant and Rick Abraham. The buyer is Salt Lake City-based Woodbury Corporation, a full-service… Read More →

Health tech firm leases space in warehouse district for new offices

Health tech firm in Downtown Phoenix warehouse district
by in AZRE Magazine | Brokerage

CBRE Group Inc. negotiated a 26,174-square-foot lease in the Downtown Phoenix Warehouse District. Arizona-based Scientific Technologies Corporation, a health technology innovation and services company, will occupy the warehouse-turned-office-space. Corey Hawley and Jimmy Cornish with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, 1st Buchanan LLC. Jim Sadler and Darius Green with Keyser represented Scientific… Read More →

Cushman & Wakefield recognizes top Phoenix producers

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors… Read More →

CBRE and ViaWest complete $23.3M sale in Chandler Midway Corporate Center

by in AZRE Magazine | Brokerage | Office

On behalf of ViaWest Properties, CBRE recently completed the sale of twin, two-story Class A office buildings in the Chandler Midway Corporate Center located at 5670 and 5710 W. Chandler Blvd. in Chandler, Ariz. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, Phoenix-based ViaWest Group. The buyer was Encino-Calif.-based Kramer-Wilson Company,… Read More →

Phoenix is selling off surplus real estate … what are the deals?

Phoenix

It has been found that the City of Phoenix owns a lot of excess vacant land and as a result, Phoenix is hoping to sell the land parcels it doesn’t need to developers. The City of Phoenix owns about 1,400 plots of land, which is worth more than $150 million in total, according to a report by the… Read More →

Cushman & Wakefield recognizes top Phoenix producers for 2016

Phoenix
by in AZRE Magazine | Brokerage

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors Michael… Read More →

Growing Kansas-based law firm signs lease at Esplanade

Cushman & Wakefield announced that Spencer Fane has leased 8,502 square feet at Esplanade, located at 2425 E. Camelback Road in Phoenix. The tenant signed an 18-month full-service gross lease for $38.00 per square foot from LBA Realty. The 11-story, 235,077-square-foot office building is phase one within the mixed-use Camelback Esplanade, located at the southeast… Read More →

Land in Glendale and Scottsdale sell for $6.2M

Scottsdale
by in AZRE Magazine | Brokerage | Site Selection

A land parcel in Scottsdale and a second land parcel in Glendale were sold in two separate transactions, which were both negotiated by Lee & Associates. The Glendale land site will be used for an expansion of the Coca Cola bottling plant in the Glendale airport. The 8-acre Glendale land parcel is at the southeast corner… Read More →

Pondering President Trump’s trade policy and impact on industrial real estate

President Donald Trump’s focus on curbing the trade deficit by bolstering U.S. exports and reducing imports could drive policy changes that impact industrial real estate markets throughout the U.S., Cushman & Wakefield reported in a logistics and industrial research briefing released today. However, the report concludes that a trade war with China or U.S. withdrawal from NAFTA… Read More →

2.15 acres sold near 24th street and Thomas road

24th street and Thomas road
by in AZRE Magazine | Brokerage

An infill development land site that was initially slated for 10 single-family homes was sold for $840,000, according to ORION Investment Real Estate. The site was purchased for $840,000. The 2.15-acre site is located just south of the southwest corner of Cambridge avenue and 27th street. Two Blonde Chicks LLC sold the property to Arcadia 1 LLC. Nick Miner… Read More →

Tempe apartment complex sold for $9M

Tempe apartment
by in AZRE Magazine | Brokerage | Multi-Family

A 100-unit Tempe apartment complex, Parkside Apartments, was sold to a California-based firm for $9 million, according to Cushman & Wakefield. The apartment complex is located near Broadway Road and Priest Drive at 1801 S. Cutler Dr. In Tempe and was sold by Clear Sky Capital Parkside to Devistar II Properties LLC. Cushman & Wakefield Executive… Read More →