In The Spotlight Archives

Prologis sells Phoenix warehouse for $24.25M

5555 W. Lower Buckeye Rd.

Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million, or $49.87 per square foot. Exeter Property Group, headquartered in suburban Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT. Executive Vice Presidents Don MacWilliam and Payson MacWilliam with… Read More →

Villa De Paz Plaza sells for $1.435M

indian_school, ORION, WEB
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

ORION Investment Real Estate announced the sale of Villa De Paz Plaza located 1.5 miles from the Loop 101 on 107th Avenue and Indian School Road.  The plaza is located directly across from Fry’s Grocery Store and other major retailers. Villa De Paz Plaza is a 15,441 total square foot retail center with an additional… Read More →

California investor buys two Surprise office buildings

The Offices at Reems
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed the sale of two office buildings in Surprise, for $2.15 million, or $182.17 a square foot, which are presently leased to One Step Beyond Inc., a nonprofit of Peoria. Richards Family Trust of San Diego purchased the buildings, located at 15527 and 15331 North Reems Road, from Reems… Read More →

Daum negotiates $1.7M industrial sale

819 W. Fairmont, Daum, WEB
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Daum Commercial Real Estate Services has negotiated the $1.721 million sale of a 27,872-square-foot industrial building located at 819 W. Fairmont Avenue in Phoenix. Rich Sica and Jay Krew with Daum Phoenix represented the seller. Justin LeMaster of Cushman & Wakefield represented the buyer in the transaction. The buyer, SPCLO IV, LLC of Phoenix bought… Read More →

Nelson Brown elected to ABA Board of Directors

ABA logo

The Arizona Builders Alliance welcomed Nelson Brown, president of J.B. Steel, as a newly elected board member of the ABA’s statewide board at the January 2015 board meeting.  J.B. Steel is an AISC certified fabricator and erector of structural and miscellaneous steel servicing Arizona. Nelson earned his Bachelor’s Degree in Chemical Engineering from Rensselaer Polytechnic… Read More →

Florida investor buys Target, US Bank buildings

TargetTempe, CBRE, WEB

CBRE has completed the sale of two single-tenant net leased investment properties in Tempe, Ariz. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road. The properties are located on a 10.02-acre corner parcel and commanded a sale price of $11.9 million representing a 5.35… Read More →

SkySong 3 is now 90 percent leased

Plaza-Skysong-3

Two new key tech additions are coming to the newest building in SkySong, The ASU Scottsdale Innovation Center. An information technology solutions firm and an online technology and business library provider are going to call SkySong 3 their new home. Solugenix Corporation is the longest-serving IT consulting firm in the nation, doing pioneering work since… Read More →

Orvieto Investments purchases 4.61 acres in Tucson

123RF.com, Copyright: valeriylebedev
January 26, 2015 by in AZRE Magazine | Brokerage | In The Spotlight

Orvieto Investments LLC, owned by Barbara and Tom Mannschreck, has purchased an industrial property located at 3911 Highway Dr. in Tucson, which consists of an office/warehouse building of 10,760 sq. ft. with four additional outlying buildings on 4.61 acres. The facility is leased to Jacobs Field Services, an affiliate of Jacobs Engineering, a New Your… Read More →

Phoenix Heart buys its office building

Talavi, JLL, WEB

In a deal that points to rising corporate confidence, the Phoenix office of JLL has completed a $6.25 million class-A office building sale that brings Phoenix Heart – the anchor tenant at 5859 Talavi – from project tenant to project owner. JLL Senior Vice President Brian Ackerman represented the property seller, Credit Union West, in… Read More →

AZRE announces 2015 RED Awards finalists

RED-Awards-Logo10

Every February for the last 10 years, AZRE magazine has shone a spotlight on the commercial real estate industry through its annual Real Estate Development (RED) Awards. This year, a record number of projects and brokerage teams were nominated for a chance to be recognized at this year’s RED Awards. After lively debate and a… Read More →

Groundbreaking marks start of Waypoint office campus

ATS at Waypoint, LPC, WEB

Officials from Harvard Investments, Lincoln Property Company (LPC), the City of Mesa and anchor tenant American Traffic Solutions (ATS) were on hand yesterday for the groundbreaking of Waypoint, a two-building, 258-square-foot Class A office campus in Mesa, Ariz., that is nearly 50 percent pre-leased to ATS. ATS, a leader in road safety and toll management,… Read More →

NPL Construction’s 50KSF operations center is completed

NPL Exterior 178_HDR no logo, LGE, WEB

LGE Design Build has constructed a 50KSF regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale, including office space, a training facility, and a warehouse storage area plus several acres of land for NPL’s large fleet… Read More →

10th annual RED Awards finalists will be announced Friday

RED-Awards-Logo10

Every February for the last 10 years, AZRE magazine has shone a spotlight on the commercial real estate industry through its annual Real Estate Development (RED) Awards. This year, a record number of projects and brokerage teams were nominated for a chance to be recognized at this year’s RED Awards. Nominations for the 2015 RED… Read More →

Kierland II sells for nearly $50M

Kierland II

CBRE has negotiated the sale of Kierland II located at 16260 N 71st Street in Scottsdale, Ariz. The 237,875-square-foot office building commanded a sale price of $49.15 million. The property was approximately 80 percent leased at time of sale. Jim Fijan and Will Mast with CBRE’s Phoenix office negotiated the transaction. The seller was The… Read More →