New to Market Archives

Deer Valley Medical Buildings achieves maximum occupancy

6704 Deer Valley lll Photo Exterior

Ensemble Real Estate Solutions has closed three new leases totaling 25,000 square feet at Deer Valley Medical Office Buildings II & III on the campus of HonorHealth Deer Valley Medical Center. These new deals bring the two medical office buildings (totaling more than 154,000 square feet) to 100 percent occupancy. Recent transactions that brought the… Read More →

Natural Grocers to open at Scottsdale Towne Square

123rf.com: Jennifer Huls

DTZ, a global leader in commercial real estate services, has announced that Colorado-based Natural Grocers by Vitamin Cottage signed a lease for 27,827 square feet at Scottsdale Towne Square, 13802 N. Scottsdale Road.  DTZ Managing Director’s Cliff Johnston and John Appelbe represented the landlord, Holualoa Scottsdale Retail, LLC. Established in 1955 by Margaret and Philip… Read More →

CBRE recent transaction report for Southern Arizona

123rf.com: hanohiki

CBRE’s Tucson office has released the following recent transactions: Stewart Title & Trust of Tucson has leased 1,917 square-feet of office space at 3573 E. Sunrise Dr., La Paloma from DHS Property Investments. The tenant and landlord were represented by David Montijo and Bruce Suppes with CBRE’s Tucson office. Fidelity Brokerage Services LLC has leased… Read More →

Brentwood apartment property in Phoenix sells for $9.65M

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Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Brentwood, a 224-unit apartment property in Phoenix. The asset sold for $9,650,000. Cliff David, a Marcus & Millichap vice president investments, and Steve Gebing, a senior director with Institutional Property… Read More →

Tempe office warehouse building trades at $3.3 Million

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A 33,400 SF warehouse at 1917-1965 W. First St., in Tempe near Rio Salado Pkwy. and Priest Dr. sold for $3,316,010 or $99.28 per square foot in an all-cash deal. Rick Robertson, Principal with Lee & Associates represented both the buyer and seller in this transaction. The buyer was Danari Temple, LLC an investment partnership… Read More →

De Rito Partners announce recent commercial transactions

123rf.com: feverpitched

Jamba Juice joins Shops at Norterra Jamba Juice finalized a deal to add a new location in North Phoenix, at the northwest corner of Happy Valley Road and Norterra Parkway. John Palmieri represented the tenant in completing the lease of the 1,057-square-foot space. Sonoran Cycles joins new mixed-use development in Surprise Sonoran Cycles signed a… Read More →

Zenefits continues rapid growth with new Tempe office building

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Zenefits, the free, cloud-based human resources technology company that automates and eliminates HR administrative work for businesses, has announced that due to its rapid growth and hiring it has signed a 10-year lease for a large, new office in Tempe, which will be its second office site in greater Phoenix. The San Francisco-headquartered company will… Read More →

SimonCRE purchases retail building from Los Olivos Norte

LosOlivos__SimonCRE

Commercial real estate developer SimonCRE purchases a +/- 7,000 SF retail building from a popular Scottsdale restaurant located within the Sonora Village Shopping Center. The building is located at 15544 N. Pima Road in Scottsdale, just off Frank Lloyd Wright and the Loop 101 in Scottsdale, AZ. After nearly 20 successful years in business, Los… Read More →

Capital One provides an $11.9 million Freddie Mac loan

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Capital One has announced that it has provided an $11.9 million Freddie Mac fixed-rate loan to refinance Catalina Village, a 376-space, all-age manufactured housing community (MHC) in Phoenix, Arizona. Damon Reed, Senior Vice President and Capital One’s Director of MHC Finance, originated the transaction. The key principal is a repeat customer of both Capital One and… Read More →

Ryan Companies and Group Health Cooperative break ground

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Officials from Group Health Cooperative, Ryan Companies US, Inc., and the city of Renton broke ground for their new operations facility in Renton, Washington. Renton Mayor Denis Law joined Group Health President and CEO Scott Armstrong and Ryan Companies US President and CEO Pat Ryan to mark the beginning of the construction project. “Group Health… Read More →

Monster Paint FX relocates to Avondale

Monster Paint FX
June 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the relocation of Monster Paint FX to 1422 N. Eliseo C. Felix Jr. Way. The lease is for 13,230 square feet. Monster Paint FX, which previously was at 7115 N. 110th Ave. in Glendale, is a locally owned company that provides custom auto body… Read More →

C & W | PICOR recent transactions: June 25, 2015

4011 E. Columbia
June 29, 2015 by in AZRE Magazine | Brokerage | New to Market

SALE GMSK Properties, LLC purchased a retail pad at the southeast corner of Mission and Irvington Roads in Tucson from Charford, Inc. for $150,000.  Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the buyer and the seller in this transaction. Magee Marquez, LLC purchased a 1,271 square foot office building at 2292… Read More →

Hines commences construction at Chandler Viridian

Chandler Viridian, CBRE

Hines, the international real estate firm, has commenced construction on the infrastructure at Chandler Viridian and is moving forward with the design of the Class-A, six-story office building for the mixed-use property’s master plan development. Chandler Viridian, located at the northwest corner of the Loop 101/Loop 202 interchange in the heart of the Price Corridor… Read More →

Tucson IDA issues RFP for 2 acres in downtown

An Aerial Shot of Downtown Tucson, Arizona

Today the Industrial Development Authority of the City of Tucson, Arizona, aka the Tucson IDA, issued a Request for Proposals for the property commonly known as “Block 175”, which is approximately 1.943 acres located in the heart of downtown Tucson. Marilyn Robinson, the Tucson IDA’s president, said, “The Tucson IDA believes that the timing for… Read More →