Brokerage Archives

Acacia Health Center undergoes $13.2M expansion

Acacia Health Center Exterior

Sagewood, a Continuing Care Retirement Community (CCRC) is expanding its onsite Acacia Health Center to double in size, according to Sagewood’s Executive Director, Stewart Ingram. The $13.2 million expansion will include another 36,300 square feet to Acacia Health Center at Sagewood. The addition of 60 beds will include a 20-bed memory care neighborhood and 40… Read More →

Tempe office warehouse building trades at $3.3 Million

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A 33,400 SF warehouse at 1917-1965 W. First St., in Tempe near Rio Salado Pkwy. and Priest Dr. sold for $3,316,010 or $99.28 per square foot in an all-cash deal. Rick Robertson, Principal with Lee & Associates represented both the buyer and seller in this transaction. The buyer was Danari Temple, LLC an investment partnership… Read More →

De Rito Partners announce recent commercial transactions

123rf.com: feverpitched

Jamba Juice joins Shops at Norterra Jamba Juice finalized a deal to add a new location in North Phoenix, at the northwest corner of Happy Valley Road and Norterra Parkway. John Palmieri represented the tenant in completing the lease of the 1,057-square-foot space. Sonoran Cycles joins new mixed-use development in Surprise Sonoran Cycles signed a… Read More →

Zenefits continues rapid growth with new Tempe office building

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Zenefits, the free, cloud-based human resources technology company that automates and eliminates HR administrative work for businesses, has announced that due to its rapid growth and hiring it has signed a 10-year lease for a large, new office in Tempe, which will be its second office site in greater Phoenix. The San Francisco-headquartered company will… Read More →

$7M JLL Hangar sale shows Phoenix aerospace is flying high

hangars

The Phoenix office of JLL has closed the $7 million sale of The Hangars at 5615, a major, state-of-the-art office and hangar facility with direct runway access to Phoenix Mesa-Gateway Airport, the hub of Phoenix’s up-and-coming aerospace corridor. Although the property is currently 100 percent vacant, it is being acquired by an investor with an expected commitment for… Read More →

SimonCRE purchases retail building from Los Olivos Norte

LosOlivos__SimonCRE

Commercial real estate developer SimonCRE purchases a +/- 7,000 SF retail building from a popular Scottsdale restaurant located within the Sonora Village Shopping Center. The building is located at 15544 N. Pima Road in Scottsdale, just off Frank Lloyd Wright and the Loop 101 in Scottsdale, AZ. After nearly 20 successful years in business, Los… Read More →

Capital One provides an $11.9 million Freddie Mac loan

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Capital One has announced that it has provided an $11.9 million Freddie Mac fixed-rate loan to refinance Catalina Village, a 376-space, all-age manufactured housing community (MHC) in Phoenix, Arizona. Damon Reed, Senior Vice President and Capital One’s Director of MHC Finance, originated the transaction. The key principal is a repeat customer of both Capital One and… Read More →

AZRE Forum enlists industry leaders for panels

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AZ Big Media is hosting prominent Arizona commercial real estate professionals at its inaugural AZRE Forum, a mid-year industry update and forecast. “AZRE is the leading commercial real estate magazine in the Valley,” says editor Amanda Ventura. “The AZRE Forum is a new way for AZ Big Media and AZRE to reach its readership and… Read More →

Monster Paint FX relocates to Avondale

Monster Paint FX
June 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the relocation of Monster Paint FX to 1422 N. Eliseo C. Felix Jr. Way. The lease is for 13,230 square feet. Monster Paint FX, which previously was at 7115 N. 110th Ave. in Glendale, is a locally owned company that provides custom auto body… Read More →

C & W | PICOR recent transactions: June 25, 2015

4011 E. Columbia
June 29, 2015 by in AZRE Magazine | Brokerage | New to Market

SALE GMSK Properties, LLC purchased a retail pad at the southeast corner of Mission and Irvington Roads in Tucson from Charford, Inc. for $150,000.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer and the seller in this transaction. Magee Marquez, LLC purchased a 1,271 square foot office building at 2292… Read More →

Cushman & Wakefield settles Dept. of Child Services lease

Mesa
June 27, 2015 by in AZRE Magazine | Blogs | Brokerage | Site Selection

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the Arizona Department of Child Safety (DCS) at Mesa Financial Plaza, 1201 S. Alma School Road. The lease, for 46,401 square feet spanning 2 1/2 floors, is new operating office space for DCS. Mesa Financial Plaza, a 16-story high-rise office tower, was built in… Read More →

Jack Travis Logistics receives long-term relocation lease

Pima-Distribution-Center
June 26, 2015 by in AZRE Magazine | Brokerage

Cushman & Wakefield of Arizona, Inc. negotiated a long-term relocation lease for Jack Travis Logistics at Pima Distribution Center #1, located at 236 E. Pima St. The lease is for 20,000 square feet of industrial space, to relocate the company from Tempe, on July 1.  Jack Travis Logistics is a modern freight shipping and logistics… Read More →

Investors drawn to success of local restaurant real estate

DosGringo

Phoenix loves its food, a characteristic that’s growing the local restaurant industry and building a strong investment story for restaurant real estate. This strength is evidenced by JLL’s recent $4.7 million Dos Gringos, Inc. restaurant portfolio sale, a multi-building deal spanning three active retail markets. JLL’s Tyson Switzenberg, John Reva, Trask Switzenberg and Matthew Berres completed the sale on behalf of Arizona-based… Read More →

Scottsdale Airpark Plaza gets new design retrofit and rename

Habitat X Before Picture

Colliers International in Greater Phoenix sold a 41,348-square-foot multi-tenant, Class B office building in Scottsdale for $4.232 million, or $102 per square foot. The former Scottsdale Airpark Plaza building is being fully redesigned, renovated and renamed Habitat-X (known as Hab-X). EDU3 Ventures of Scottsdale and SHOP LLC of Phoenix purchased the building, located at 13430… Read More →