Brokerage Archives

CBRE negotiates sale of Tilted Kilt restaurant and headquarters

Tilted Kilt Tempe location
by in AZRE Magazine | Brokerage

In two separate transactions, CBRE completed the sale of Tilted Kilt’s build-to-suit flagship restaurant and corporate headquarters located at 1617 W. Warner Rd. and 8915 S. Harl Ave. in Tempe, Ariz., respectively. The 10,321-square-foot retail property is home to Tilted Kilt’s new flagship restaurant and is situated on approximately 2.6 acres of land. The restaurant… Read More →

NAI Horizon hires Michael Gaida to bolster business brokerage

ABI Multifamily
by in AZRE Magazine | Blogs | Brokerage

NAI Horizon announced that Michael Gaida has joined the company as an associate to help grow and maintain business brokerage initiatives. His primary areas of responsibility will be business brokerage and retail and industrial leasing and brokerage. Past businesses sold have been in the industrial, manufacturing, commercial development, restaurant and services industries. Gaida represents sellers… Read More →

Fox Restaurant Concepts expands corporate headquarters

by in AZRE Magazine | Blogs | Brokerage

Since 2012, Sam Fox’s corporate headquarters for Fox Restaurant Concepts has sat above The Henry, one of his signature restaurants, in a multi-tenant office complex called The Park located at 4455 E. Camelback Road in Phoenix. Recently, Fox announced the expansion of their corporate offices at The Park. Fox Restaurant Concepts and True Foods Kitchen,… Read More →

Deer Valley Flight Center sold for $4.5M

Deer Valley Flight Center
by in AZRE Magazine | Brokerage

The Flight Center in Deer Valley at 615 and 625 W. Deer Valley Rd. was sold to Scottsdale-based KBP Realty Advisors for $4.5 million, according to Cushman & Wakefield, which worked on the deal. Bob Buckley, Steve Lindley, Tracy Cartledge and Ben Geelan with Cushman & Wakefield represented the seller, California-based Business Properties. Flight Center is a 33,451-square-foot,… Read More →

Developers buy land along Central Avenue for mixed-use project

Central Avenue mixed-use project
by in AZRE Magazine | Brokerage

A partnership between three companies purchased 1.565 acres near Central Avenue and McDowell Road in Phoenix for $4.5 million, according to Colliers International. Ryan Companies, Tilton Development Company and Hunt Investment Company plan to develop a mixed-use project with residential and office components on the site, at the northeast corner of Willetta Street and Central… Read More →

Medical building near Westgate Entertainment Center closes

by in AZRE Magazine | Brokerage

With easy freeway access just off of the Loop 101, 7410 North Zanjero Boulevard is a 10,500 square foot medical building that sold for $3,215,000 ($306/SF). Leased to Palo Verde Cancer Specialists, there are over $2 million in tenant improvements made to the property for this specialized use. The property is adjacent to Westgate Entertainment… Read More →

Charter school purchases Peoria campus for $6.8M

Charter school
by in AZRE Magazine | Brokerage

Charter School Solutions Sonoran LLC purchased a school campus at 17667 N. 91st Ave. in Peoria for $6,800,000. The site is home to Sonoran Science Academy, which has leased the property since 2014 “This is yet another sale further validating educational based real estate as a defined institutional asset class,” says Todd Noel, executive vice… Read More →

CBIZ Plaza sells in Midtown for $26M

Cushman & Wakefield

A midtown office tower, near Central Avenue and Thomas Road, was sold to Houston-based Riva Ridge Development from Miami-based LNR Property Corporation for $26 million, which included fees assessed by an auction company, according to Cushman & Wakefield. The CBIZ Plaza is located at 3101 and 3111 N. Central Ave. in Phoenix, across the street… Read More →

JLL gets 3131 and 3133 Camelback listing assignment

JLL
by in AZRE Magazine | Brokerage

The Phoenix office of JLL has been assigned the listing assignment for 3131 and 3133 Camelback, a two-building office property at the southwest corner of Camelback Road and 32nd Street. JLL will represent the building on behalf of TR Camelback Corp., and JLL Senior Managing Director Dennis Desmond and Managing Director Lynn LaChapelle represent the company. The team launched the property for… Read More →

NAI Horizon negotiates $2.723M Planet Fitness lease

by in AZRE Magazine | Brokerage

NAI Horizon negotiated a long-term lease for a Planet Fitness at 1625 W. Camelback Rd., in Phoenix. The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega and Associate Patrick Anthon represented the tenant, JEF-FIT 17th Ave. & Camelback LLC of Philadelphia in the transaction… Read More →

Daum negotiates $1.235M Deer Valley sale

Daum
by in AZRE Magazine | Brokerage

Daum Commercial Real Estate Services negotiated the $1.235 million sale of an 11,236-square-foot industrial office building located at 23026 N. 16th Ln. in the Deer Valley area of Phoenix. The buyer of the fully-leased industrial office facility was California-based A Development. The seller was Jim Campbell, CEO of Phoenix-based Campbell Development. Campbell Development occupies half of… Read More →

Liberty signs first tenants at Liberty Logistics Center II

Liberty Logistics Center II
by in AZRE Magazine | Brokerage

Leases for the first two tenants at the 72-acre Phoenix industrial park, Liberty Logistics Center II, were recently signed, according to Liberty Property Trust. Essendant Co. will take up 60 percent of the second building at the center that is planned to be completed this summer, in a pre-lease for 261,880 square feet of space at… Read More →

Walmart anchored retail center sells for $41.3M

Walmart
by in AZRE Magazine | Brokerage

An entity owned by Goldman Sachs & Co. purchased the Walmart anchored Bethany Towne Center, located near Bethany Home Road and 35th Avenue in Phoenix, for $41.3 million, according to Cushman & Wakefield. Bethany Towne Center has 305,742 square feet of retail space and was 92.3 percent leased out at the time of the sale. Walmart makes… Read More →

Mesa apartments near Falcon District sell

sold
by in AZRE Magazine | Brokerage

California-based OpenPath Investments purchased Green Leaf Vista, a 98-unit apartment complex in Mesa, from Green Leaf Partners for an undisclosed amount, according to brokerage firm Marcus & Millichap who represented the sellers. The property is located at 3443 E. University Dr. in Mesa, four miles from the Falcon District, a 5,100-acre area composed of more than 10… Read More →