Brokerage Archives

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 →

Purchased land near Mill Ave. planned for high-rise apartments

Downtown
by in AZRE Magazine | Brokerage | Site Selection

An investment firm plans to develop a high-rise apartment project at one of the two plots of land it purchased near Mill Avenue, according to Cushman & Wakefield who represented the sellers in the deal. Core Campus Investment Partners LLC purchased .75 acres at the southeast corner of Seventh Street and Mill Avenue in Tempe, along… Read More →

Multi-property double-escrow transaction completed by CBRE

CBRE
by in AZRE Magazine | Brokerage

A four property exchange with three double escrows was completed by CBRE’s Bill Bayless and Helix Properties LLC’s Ryan Spiekerman, Adam Feldman and Marc Altieri, negotiating on behalf of a single-entity LLC controlled by Helix. The multi-property, double-escrow transaction also involved Phoenix-based Verde Investments. Verde was represented by Scott Ellsworth of SRS Real Estate Partners. Through… Read More →

Mixed-use project at University Drive and Forest Avenue sold

by in AZRE Magazine | Brokerage

Cushman & Wakefield negotiated the $15.24 million sale of the mixed-use development at the northwest corner of University Drive and Forest Avenue in Tempe, Ariz. to Minneapolis-based The Opus Group. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the seller, Sundt Companies of Tempe. The 115,325-square-foot development site, yet to be named, will include two… Read More →

CPI negotiates $1.85M industrial sale

CPI
by in AZRE Magazine | Brokerage

Arizona-based brokerage firm Commercial Properties Inc./CORFAC International. (CPI), completed the $1.85 million sale of an industrial investment building located at 61 S. William Dillard Dr. in Gilbert, Ariz. The building is approximately 14,910 square feet, located in the Elliot Commerce Park. Jeff Hays of CPI’s Industrial Team represented the owner, Sagamore Properties LLC. Hays commented, “This property was built in… Read More →

Tractor Supply Co. location sells for $5.88M

CBRE
by in AZRE Magazine | Brokerage

CBRE completed the sale of a newly constructed, single-tenant Tractor Supply Co. location at 24930 S. Ellsworth Rd. in Queen Creek, Arizona. The 21,702-square-foot Tractor Supply Co. opened for business on October 8, 2016. Total consideration for the transaction was nearly $5.88 million. Joseph R. Compagno with CBRE’s Phoenix office represented the seller and buyer; Long Development… Read More →

CBRE completes 5 apartment deals worth $6.8M

CBRE
by in AZRE Magazine | Brokerage

CBRE Multifamily Investment Group recently completed five transactions of multifamily properties located in Northern and Central Phoenix—Mountain View, Heritage Park, Palm Vista, Morningside Pointe and The Wells—with a total consideration of approximately $7 million. Mountain View: A 26-unit complex located at 9633 N. 17th Ave. in Phoenix, Arizona. Total consideration for the transaction was $1.33 million,… Read More →

Apartments near Raintree Drive sell for $51M

Apartments near raintree drive
by in AZRE Magazine | Brokerage

MG Properties purchased a Scottsdale apartment community, Broadstone Scottsdale Horizon, from Rockwood Capital and Alliance Residential Company for $51 million, according to JLL Phoenix, which negotiated the deal. Executive Vice President John Cunningham and Senior Vice President Charles Steele led the JLL team on the deal. Broadstone Scottsdale Horizon is a 330-unit rental community near 92nd Street… Read More →

Student apartments near UA sell for $2.695M

Student apartments
by in AZRE Magazine | Brokerage

Located less than one half mile south of The University of Arizona Campus, Cherry Park Studios student housing complex closed for $2,695,000 ($165.32/SF). Cherry Park Studios consists of 17 student housing apartments. The property was originally built in 1952, then expanded by the American Red Cross in 1985. Roja Cruz Apartments LLC purchased the building… Read More →

CBRE completes double escrow sale near South Mountain

CBRE
by in AZRE Magazine | Brokerage

CBRE completed the sale of CVS Plaza at South Mountain at 1615 – 1635 E. Baseline Rd. in Phoenix, Arizona and negotiated the spinoff of the CVS Pharmacy, which closed the same day. The sale included an approximately 14,000-square-foot. retail strip center and a 14,169-square-foot CVS Pharmacy. The first sale commanded a price of $5.9… Read More →