Brokerage Archives

Colliers completes the sales of multifamily complex

123rf.com: Tim Wege

Colliers International in Greater Phoenix recently completed two sales for one buyer, Investment Property Associates (IPA) of Grand Haven, Mich. The buyer purchased the 395-unit Sienna Springs apartment complex for $20.5 million and the adjacent Willowick Square office building for $5.9 million, both in Phoenix. Both properties are located on the southwest corner of North… Read More →

Desert Ridge Corporate Center reaches 95% occupancy

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September 2, 2015 by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Two office leases totalling 47,372 SF were leased at Desert Ridge Corporate Center I and II, 20830-20860 N. Tatum Blvd., in Phoenix. These transactions bring occupancy in both buildings to 95 percent. Lee & Associates principals Craig Coppola, Bill Blake, Colton Trauter, Andrew Cheney and Associate Gregg Kafka, represented the landlord in both of these… Read More →

C & W | PICOR end of August recent transactions

123rf:  Andriy Popov
September 1, 2015 by in AZRE Magazine | Brokerage | New to Market

SALE OVA Enterprises, LLC purchased 45,000 square feet of vacant land, Lots 15–16, in Cochise Industrial Park in Douglas, Arizona, for $350,000 from Thomas Investment Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, and Robert Maloney with Tierra Antigua Realty in Sierra Vista, Arizona, represented the seller in this transaction. HANAN INV, LLC purchased a… Read More →

Ironline Partners sells 2828 N. Central Avenue for $9.8 Million

Sold Sign

DTZ, a global leader in commercial real estate services, has announced the sale of 2828 N. Central Avenue, a ±104,016 square foot, 14-story office tower in Phoenix located on the southwest corner of Central Avenue and Thomas Road. Granite Investment Group of Irvine, CA, acquired the property for $9.8 million from Phoenix-based Ironline Partners. Senior… Read More →

Former Nimbus Brewery building sold for more than $1.4M

Craft beer
August 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million, or $168 per square foot. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated on behalf of the seller, McMahon Properties, LLC of Tucson.… Read More →

Three national restaurant users coming to Las Plazas at Old Vail

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Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed its first wave of restaurant users. CBRE has recently completed the sale of the first three lots and the development will soon be home to a Taco Bell, Native Grill and… Read More →

Colliers International completes sale of 1,114-Unit portfolio

rsz_propertymanagement

The Cooke Multifamily Team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, AZ 3 multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56. The size of this Class A and Class B+ portfolio attracted attention from investors around the world. The deal was awarded to an… Read More →

I-10 West business center sells for $5.5 Million

I-10 West Business Center

DTZ has announced that Thackeray Partners and Trammell Crow Company sold I-10 West Business Center, a three building, multi-tenant industrial complex located one block south of Interstate10 between 55th and 57th Avenue. A Phoenix-based private investor, Kensington Investments, purchased the ±81,571 square foot property for $5.5 million. Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve… Read More →

Gracie Barra Jiu Jitsu school signs long-term lease

Gracie Barra

Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space. Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term… Read More →

Meridian Capital finances Glendale Market Square property

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Meridian Capital Group, America’s most active debt broker, negotiated a $21.1 million loan for the acquisition and rehabilitation of Glendale Market Square, a retail property located in Glendale, AZ on behalf of a Southern California-based developer. The three-year loan, provided by a debt fund, features a floating-rate, interest-only payments for the full-term and two one-year… Read More →

C & W | PICOR late August recent transactions

Deal, WEB

SALE Damar Properties, LLC purchased a 26,440 square foot industrial building at 5970 S. Palo Verde Rd. in Tucson from Lazydays Land Holdings, LLC for $1,100,000.  Rob Glaser, SIOR, CCIM, Industrial Specialist, with Cushman & Wakefield | PICOR, represented the seller and Doug Marsh with Oxford Realty Advisors, represented the buyer in this transaction. Nexpa… Read More →

After 40 years, family sells redevelopment in Payson

Sold Sign

An era spanning over four decades of property ownership came to an end for three retired school teachers, which so happen to be sisters. The family owned and operated assorted businesses which had been previously used as a gas station and grocery store, operated by the parents, an ice store that was operated by the… Read More →

Cathedral Development Group closes on $44M refinancing

Westward Ho

Cathedral Development Group, Inc. (CDG) of Providence, RI has closed on a $44-million refinancing on the Westward Ho Apartments, a 289 unit Elderly Designated affordable housing property in Phoenix, AZ. The refinancing program on the project includes an FHA 221 D4 Substantial Rehabilitation loan, 9% Low Income Housing Tax Credits (LIHTC) and Federal Historic Tax… Read More →

L.I.F.E. replaces Rancho Solano Gilbert Campus for $4.5M

Rancho Solano

Cushman & Wakefield (C&W) of Arizona negotiated the $4.5 million sale of the Rancho Solano Gilbert Campus, 1305 S. Gilbert Road, to IPF Rancho Solano, LLC of San Diego. Jim Wilson, Executive Director with Cushman & Wakefield’s Phoenix office and Scott Shelbourne of C&W’s Chicago office represented the seller, Arizona Prep Real Estate, LLC of… Read More →