Other Archives

Lee & Associates broker 2 Buckeye land deals

Sundance Land Sites

Two commercial land transactions in Buckeye totalling just over 54 acres, sold for $4,000,000 ($74,061 per AC) or $1.70 per SF. The buyer and seller were the same for both parcels and was part of a 1031 Exchange. Plans are to hold the properties for future investment. Lee & Associates principals Mark Linsalata and Nate Bubeck… Read More →

Industrial land sale creates value and opportunities


A straight-forward 48.9 acre industrial land parcel sale spurs interest from players looking for a piece of the puzzle. The most compelling part of sale was the several transactions involving portions of this property all before the close of escrow. Scottsdale Investment Management of Scottsdale purchased the 48.9 acres near the SWC of 39th Ave.… Read More →

C&W | PICOR end November with multiple transactions

123rf.com: Oleg Dudko

SALE Branching Roots, LLC purchased a 3,400 square foot retail building at 948 N. Main Ave. in Tucson from Rosemary Snow for $190,000.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the seller and Kristy Kelley with Long Realty Company, represented the buyer in this transaction. Younquist, Inc. purchased 28,250 square feet… Read More →

NAIOP members’ office and industrial projects

SkySong, The ASU Scottsdale Innovation Center — SkySong 4

Project profile criteria per NAIOP: Property must be owned or have non-refundable earnest money in escrow by 8/1/15. Property must have a color site plan and color rendering completed. Property must have proper zoning in place. Property must be bigger than 100,000 square feet Amkor Headquarters  Developer: Ryan Companies US, Inc. General Contractor: Ryan Companies… Read More →

Wood Partners begins leasing Alta Steelyard Lofts in Chandler


Wood Partners, a national leader in real estate development and acquisition, is now leasing units for its new apartment community, Alta Steelyard Lofts. The 301-unit community, which was built on the foundation of a historic steel fabrication facility, is the first new apartment complex in downtown Chandler in more than 20 years. “Conveniently located in the… Read More →

CorePower Yoga replaces old print shop on Mill Ave.

Mill Ave

ORION Investment Real Estate has announced the sale of a single-tenant retail building for $1,200,000, or $371.75/SF. The property is located in the heart of bustling Tempe on renowned Mill Avenue, just south of University Drive. The free-standing building is well-situated, located adjacent to Arizona State University’s Main Campus, and a short drive from the Phoenix… Read More →

Pure Barre leases two new locations in Phoenix

Photo courtesy of Pure Barre Facebook

SRS Real Estate has announced that Pure Barre, the largest and most established barre fitness concept in North America, has leased two new locations in the Phoenix area; a 1,935-square-foot space has been leased in Village Square at Dana Park at the intersection of Baseline Road and Val Vista Drive in Mesa, Ariz., and a… Read More →

Gracie Barra Jiu Jitsu school signs long-term lease

Gracie Barra

Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space. Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term… Read More →

Sundt to redevelop Pima Animal Center in Tucson

scottsdale quarter

Sundt Construction, Inc. was selected as the Construction Manager at Risk (CMAR) for the redevelopment of the Pima Animal Care Center in Tucson, Arizona. Once completed, the project will replace most or all of Pima County’s outdated animal care center originally built in 1968, when the County  had less than a third of its current resident population… Read More →

Velocity Retail recent August transactions

Park West Shopping Center

The following is a summary of recent retail transactions completed by Velocity Retail Group, LLC. Anytime Fitness opening in northeast Phoenix Michael Clark, Larry Miller and John Jackson from Velocity Retail represented the landlord, Scottsdale Land Company, LLC, an entity of Wadsworth Development, in the 5,955 square foot 10-year transaction at the northeast corner of Thunderbird… Read More →

Cashen signs two leases within their 1,700,000 SF portfolio

123rf:  Andriy Popov

The first lease was signed at Mesa Fiesta Center located at Alma School Road and the U.S. 60 in Mesa.  A 25,000 s.f., ten year lease was finalized with the Feed My Starving Children organization.  The charity feeds 1,000,000 starving children around the world each year in 70 countries.  In 2014, they had over 900,000… Read More →

Cresa negotiates on behalf of Southwest Jet Center

Photo: http://southwestjet.com

Southwest Jet Center, owner of the largest private hangar at Scottsdale Airpark, recently purchased 73,826 SF on 5.6 acres of land at Phoenix-Mesa Gateway Airport, 5615 South Sossaman Road, in Mesa. Chris Walton, Gary Gregg, Eric Walker, and Ryan Burkett of Cresa Phoenix represented the buyer. The landlord, GE Capital, was represented by JLL. “We… 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 →

Sundt to build temporary lodging at Luke AFB

Luke AFB, Sundt, WEB

The U.S. Air Force 56th Contracting Squadron recently selected Sundt Construction, Inc. as the general contractor for a new temporary lodging facility at Luke Air Force Base in Glendale, Ariz. The $8.9 million, 42,000-square-foot project includes construction of four single-story lodging facilities with 28 units, providing Air Force personnel with short-term, quality housing accommodations as… Read More →