Brokerage Archives

Lakeview at Superstition Springs sells for $66.6M

Lakeview at SSprings v2, CBRE WEB

CBRE has completed the sale of Lakeview at Superstition Springs, a 676-unit apartment complex located at 1849 S. Power Rd. in Mesa, Ariz. The multifamily asset sold for $66.6 million. The property was 95 percent leased at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the… Read More →

CBRE leases 67KSF to Arizona’s newly created CSFS agency

West 101 Corporate Center, CBRE, WEB

CBRE has completed two office leases totaling 67,335 square feet in Metropolitan Phoenix. The leases are representative of new office requirements by Arizona for the newly created Child Safety and Family Services agency (CSFS). A 26,265-square-foot, full-floor space in West 101 Corporate Center, which is owned by Los Angeles, Calif.-based Regent Properties and located at… Read More →

Noble, Orcutt named market leaders for Cushman & Wakefield

Jerry Noble and Jackie Orcutt

Cushman & Wakefield Inc. has named Jerry Noble and Jackie Orcutt as Market Leaders of its Arizona operations in Phoenix. Noble and Orcutt have previously served as leading commercial real estate professionals for C&W in Phoenix. “We could not be more pleased with our decision to entrust our Phoenix operations to Jerry and Jackie,” says… Read More →

Calif. investment firm takes Chandler Iridium facility for $12.7M

1800 S. Price, Lee Associates, WEB

A 69,429 SF fl ex manufacturing facility and an adjacent 2.97 AC parcel at 1800 S. Price Rd. in Chandler has been sold for $12.65M. The building is fully-leased to Iridium Communications with an estimated 10 years remaining on their lease. Cohen Asset Management, Inc., a California-based private real estate investment fi rm purchased the… Read More →

Valley retail portfolio sells for $150M

Target-Village Center, CBRE, WEB

CBRE has completed the sale of the Phillips-Edison Fund IV Portfolio. The nine-property retail portfolio sold for $150 million and totals over 1.35 million square feet. Jesse Goldsmith and Steve Julius of CBRE in Phoenix, Ariz., along with Christian Williams and Gleb Lvovich of CBRE’s National Retail Investment Group, negotiated the sale between the seller,… Read More →

Sand Capital acquires Four Peaks Plaza

Four peaks plaza

Sand Capital, a privately-held real estate investment company, located in Scottsdale, Ariz., has just closed on 140,390 square foot Target-anchored power center in Fountain Hills. Sand Capital is the financial arm and sister company to Sandor Development Company, which was founded in 1963 in Indianapolis, Indiana. Today, Sandor owns and manages over 8 million square… Read More →

San Francisco investor buys St. Luke’s Medical building for $8.45M

555North18thStreet, Cassidy Turley, WEB

Cassidy Turley announced the successful sale of a ±49,816 square foot medical office building at 555 North 18th Street in Phoenix’s downtown submarket. San Francisco-based Stockbridge Funds purchased the St. Luke’s Medical property for $8.45 million ($169.62/psf) from Chicago-based Heitman Real Estate Investment Management. Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover… Read More →

Villa Serena apartment complex sells for $6.42M

Villa Serena Main Pic, Colliers, WEB
August 27, 2014 by in AZRE Magazine | Blogs | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of Villa Serena, a 137-unit Class B apartment complex, for $6.42 million, or $46,861 per unit. Janet LePage of North Vancouver, BC, purchased the complex, located at 4221 W. Dunlap Avenue, from Bligh Group, LLC, of Rancho Santa Fe, Calif. Bill Hahn, Jeffrey Sherman and Trevor… Read More →

Penco Properties buys Harris Park Professional Plaza

Courtesy of CPI
August 26, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of Harris Park Professional Plaza.  Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented both the buyer and seller in this transaction. The 27,864 SF, Class B office building is located at 1550 E McKellips Road in Mesa, Arizona… Read More →

California company buys Sonoran Vista Apartments complex

Sonoran Vista Apartments
August 26, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

CBRE has completed the sale of the Sonoran Vista apartment community, a 264-unit apartment complex located at 9340 E. Redfield Rd. in Scottsdale, Ariz. The multifamily asset, which is situated in the heart of the north Scottsdale submarket was 95 percent leased at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch… Read More →

California investor buys nearly half of Rialto Condominiums

Rialto in Tempe, ABI, WEB
August 26, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

ABI Multifamily announced the sale of 22 of 54 units at Rialto Condominiums, a community near Arizona State University (ASU). Converted and renovated with condo grade finishes in 2006, the 22 units with HOA control sold for $1,530,435 or approximately $69,565 per unit. “The economic activity and development happening in Tempe has been very exciting. … Read More →

Lincoln Property Co. acquires Freeport Distribution Center

Freeport Distribution Center, WEB

Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix. Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport. The project is a close-in infill site offering immediate connectivity to the I-10, I-17… Read More →

Cassidy Turley reports two retail center sales

Marley Park Plaza
August 26, 2014 by in AZRE Magazine | Brokerage | In The Spotlight

Cassidy Turley announced the sale of Marley Park Plaza, a 77,545 square foot, grocery-anchored neighborhood shopping center at 15411 W. Waddell Road in Surprise. IMAN Enterprises, LLC of Surrey BC, Canada, purchased the retail center for $12.45 million from Donahue Schriber Realty Group. Cassidy Turley Executive Managing Directors Ryan Schubert, Michael Hackett, Dan Wald and… Read More →

Liberty Tolleson Center reaches 100 percent occupancy

Liberty Tolleson Center

Liberty Property Trust announced it has signed a lease with Green Light Direct Services at Liberty Tolleson Center, bringing the 200KSF project to 100 percent occupancy. Green Light Direct Services will move into its new location, 8601 W. Washington Street, in October. Rick Collins of CD Commercial Advisors represented Green Light Direct Services and Tony… Read More →