New to Market Archives

Cox Communications building to be redeveloped as apartments

Cox building

ORION Investment Real Estate announced Thursday night the closing of a single-story office/warehouse building, located at 160 S. MacDonald in Mesa, Arizona for $750,000 to Cardinal Capital Management, Inc. “The buyer plans to redevelop the site into an apartment community and wanted to be close to the future light rail stations,” says Nick Miner, Vice… Read More →

Chandler opens RFP for retail, entertainment

rsz_chandler_logo

The City of Chandler is looking for proposals to add mixed use development, including retail and entertainment to its downtown. The City has opened a Request for Proposals (RFP) for the 4.6-acre property located on the southwest corner of Chandler Boulevard and Arizona Avenue commonly known as Sites 1-2-3. This property acts as the northern… Read More →

Sossaman Development plans to build retail project in Mesa

Shops-at-Costco-SperryVanNess, WEB

Trenton McCullough and Shari A. Tucker-Gasser, Retail Investment Advisors in the Phoenix Sperry Van Ness office, represented the buyer, Sossaman Development LLC, in the $2,200,000 purchase of 4.95 acres of commercial land zoned LC, formerly known as C-2, in the City of Mesa. Located just north of Costco on the hard corner of Sossaman Road… Read More →

Culinary Dropout concept comes to Tempe this fall

Courtesy of Fox Concept Restaurants

Fox Restaurant Concepts (FRC) and development partner, Brian Frakes, plan to open the first East Valley Culinary Dropout location in October 2014 on First Avenue and Farmer Avenue in Tempe, Ariz. Known for their innovative restaurant concepts, FRC is planning their largest project to date with this Culinary Dropout location at Farmer Arts District at… Read More →

Cresa executes disposition and new lease for 3M Company

Tenant representation firm Cresa announced that it had executed the disposition of a 270,890 SF building and 42 acres of land for $31.91 million in Ontario, Calif., for 3M Company. As part of the transaction, Cresa Phoenix negotiated a 10-year lease on a 454,877 SF distribution facility to be constructed on a vacant parcel nearby.… Read More →

Isagenix International comes to Rivulon development

Isagenix Entryway Rendering

Columbus-based Nationwide Realty Investors announced today that it has signed a lease with Arizona based health and wellness leader Isagenix International, LLC to occupy a 3-story single-tenant building at its master-planned Rivulon development in Gilbert, Ariz. Also completed is a land swap agreement with LA Fitness. Nationwide Realty Investors President and COO Brian J. Ellis… Read More →

McCarthy awarded Verrado Heritage K-8 school project

Victory at Verrado

McCarthy Building Companies was recently awarded a preconstruction services contract by the Litchfield Elementary School District (LESD) for the estimated $12 million Verrado Heritage Elementary School, located just west of Verrado Way and north of Thomas Road in Buckeye, Ariz. McCarthy will begin work on the new 80,500-square-foot K-8 school in August. The school will include… Read More →

One Step Beyond leases 12KSF in Surprise

The Offices at Reems in Surprise pic 2, WEB
July 16, 2014 by in AZRE Magazine | Brokerage | New to Market

Colliers International in Greater Phoenix recently completed an 11,800-square-foot office lease in Surprise for One Step Beyond, Inc., a Peoria-based day training organization for individuals with developmental disabilities. One Step Beyond is leasing space at The Offices at Reems, an office condo project. The tenant signed a 10.5 year-lease for two buildings located at 15527… Read More →

New City Church buys office shell in downtown Phoenix

Photo credit CoStar

Colliers International in Greater Phoenix has recently completed the sale of a Class C office shell in downtown Phoenix for $2.3 million, or $130 a square foot. Phoenix-based New City Church purchased the building, located at 1300 N. Central Ave., from Drapac Group of Los Angeles. The New City Church has experienced tremendous growth in… Read More →

Ground breaks on second building at Liberty Center at Rio Salado

Liberty Center at Rio Salado, a Class A LEED Silver office development in Tempe.

Liberty Property Trust will break ground this week on its second building at its new park, Liberty Center at Rio Salado in Tempe. Located at 1910 W. Rio Salado Parkway, Building Two will be a two-story, 156,030 square foot Class A office building. The project is designed to achieve LEED® Silver certification and the total… Read More →

New to Market: Broadstone Lincoln

Broadstone Lincoln pool, WEB

Broadstone Lincoln Developer: Alliance Residential Company General Contractor: Alliance Residential Builders Architect: ORB Architecture Location: 7100 E. Lincoln Dr., Scottsdale, Ariz. Size: 219,000 SF (net rentable area) Value: $50M Start and completion dates: Started third quarter 2012. Completed second quarter 2014. Project Description: Broadstone Lincoln is a 264-unit community that sits on 5.31 acres of… Read More →

Lincoln Property Co. wins International BOMA Award

AZGF 10x4, WEB

Lincoln Property Company (LPC)’s LEED Platinum Arizona Game & Fish (AZGF) Department Headquarters in Phoenix is among only 14 buildings from across the world to earn an International BOMA “The Outstanding Building of the Year” (TOBY) award at this year’s BOMA conference, held last week in Orlando, Fla. The TOBY awards are directed by the… Read More →

Pacific Realty Advisors plan 211KSF spec industrial project

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Cassidy Turley announced today that Pacific Realty Advisors (Kenn Francis and Tod Thorpe, Scottsdale, Ariz.) will break ground this year on a ±211,505 SF, two-building industrial project on the northwest corner of Broadway Road and Dobson Road in Mesa, Ariz. Cassidy Turley’s Mike Haenel, Andy Markham, SIOR, and Will Strong have the leasing assignment for… Read More →

Deco Communities opens sixth cabana modern apartment property

Cabana on Seventh

Scottsdale-based Deco Communities has opened its sixth Cabana Modern Apartment Homes complex bringing its brand of hip, modern and affordable rental units to the heart of North Central Phoenix’s eclectic 7th Street neighborhood. Cabana on Seventh offers 74 stylishly renovated units offering urban-influenced living spaces designed for Gen Y renters. Located at 5615 N. 7th… Read More →