New to Market Archives

Southwest Industrial Center

Southwest Industrial Center

Southwest Industrial Center Developer: Hillwood, A Perot Company General Contractor: Hillwood Construction Services Location: 7775 W. Buckeye Rd., Phoenix Size: +/-684,420 SF (Expandable to 1,251,608 SF) Brokerage Firm: CBRE Start/Completion: March to October 2014 Subcontractors: Ace Asphalt, Aero Automatic, Bell Steel, Canyon State Electric, Levake Construction, Markham Contracting, Panelized Roof, Suntec Concrete Highlights: Phase I… Read More →

Chandler approves 20-acre industrial park plans

Chandler Airport Center rendering

The Chandler City Council approved the Planned Area Development (PAD) zoning request and site plan approval for Chandler Airport Center on Oct. 23, a general industrial park at the SWC of Germann and Cooper roads in Chandler. Meritex Chandler, LLC, a wholly owned subsidiary of Minneapolis based Meritex, will develop Chandler Airport Center in association… Read More →

Hayden House Tempe plans $200M mixed-use project

Mill & Rio Salado Rendering, DWC

Cassidy Turley has announced that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies (Douglas Wilson, Chairman and CEO), Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, (Jeff Wenaas, President) and Los Angeles-based Karlin Real Estate closed on 2.51 acres at the southwest corner Mill Avenue and… Read More →

DriveTime Automotive signs 96KSF lease at Liberty Center

Stop 2: Liberty Center at Rio Salado

Liberty Property Trust announced the signing of a 96,000 square foot lease with DriveTime Automotive Group for a new corporate headquarters in Liberty Center at Rio Salado in Tempe.  It will be the third class-A office building that Liberty will deliver at its newly launched park since construction began in the fourth quarter of 2013.… Read More →

New To Market: Broadway 101 Commerce Center Park – Phase III

Broadway101_Phase3_Elevations_CT

DEVELOPER: Property Realty Advisors General contractor: TBD Architect: Euthenics Architecture & Interiors Location: NWC of Broadway and Dobson roads, Mesa, Ariz. Size: 211,505 SF Brokerage Firm: Cassidy Turley Value: WND Start/Completion: December 2014 SUBCONTRACTORS: Parsons Design Studio, CaliChi Design Group Highlights: Commerce Center Park Phase III features two buildings totaling approximately 211,505 SF on the… Read More →

New to Market: Lux Air Jet Centers

LuxAir_Entry

OWNER: Lux Air Jet Centers Construction Manager: BSI Construction Services General contractor: Adolfson & Peterson Construction Architect: Larson Associates Location: Phoenix-Goodyear Airport – 1658 Litchfield Road, Goodyear, Ariz. Size: 67,290 SF Value: $8.2M Start/Completion: July 2014 to April 2015 Highlights: The Lux Air Goodyear location will be a fixed-base operator (FBO) facility for Lux Air… Read More →

$350M ‘green’ condominium project moves into Scottsdale

SC at Silverleaf 1

The Sterling Collection at Silverleaf, a “green” luxury condominium development, is set to launch sales in early November. The $350M development is one of the largest luxury residential projects in the Southwest.   Developed by Scottsdale-based Cypress Development Group, The Sterling Collection at Silverleaf will be the most luxurious condominium community to ever be developed… Read More →

Multifamily developers make name brand connection

Multifamily

Naming apartment communities has always been an art form. Some community names connect to romantic or exotic locales, others to the landscape and still more simply to location. “We believe that an apartment is more than just a place to have dinner and go to bed,” says Rob Lyles, partner in Deco Communities. “We see… 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 →

Phoenix Rising Investments starts Centrica redevelopment in Mesa

Centrica, Courtesy of Cushman & Wakefield

Phoenix Rising Investments, LLC has begun redevelopment on Centrica, an up to 140KSF, class-A office building at 1550 W. Southern Ave. The adaptive re-use project located near the US 60/Loop 101 interchange in the Southeast Valley will turn three former big-box retail stores into an ideal location for companies seeking modern office space that offers… Read More →

AFI-USA sells downtown Phoenix development site for $12.75M

Downtown_Phoenix_Aerial_Sketch-on

Real estate developer Africa-Israel USA (AFI-USA) announces the sale of a five-acre downtown Phoenix development site at the corner of Central Avenue and McDowell Road for $12.75 million. AFI-USA had owned the property since 2004. Lennar Multifamily Communities is the purchaser and plans to transform what is currently an empty lot into a 288,000-square-foot luxury residential… Read More →

Michael Lewis Co. buys parcel in Goodyear Gateway South

Goodyear Gateway South, EJM Development

Goodyear Gateway South, the 221-acre industrial zoned park being developed by EJM Development Co. just north of the Phoenix Goodyear Airport, has announced its first user. Michael Lewis Co. (MLCo) has purchased a 30-acre parcel for development. The financial terms of the transaction were not disclosed. Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s… Read More →

LGI Homes Arizona buys 151 lots in Buckeye

Sundance Lots_LGI Homes, Cassidy Turley, WEB

Cassidy Turley announced the sale of 40 finished and 111 platted lots in the master-planned subdivision of Sundance, located in Buckeye, AZ. LGI Homes Arizona, LLC (NASDAQ: LGIH) purchased the lots for $3.9 million. The seller was Kaufman Capital Sundance, LLC. Cassidy Turley Vice Presidents Brian Rosella and Will French negotiated the transaction on behalf… Read More →

CBRE to market office space at Chandler Viridian

Chandler Viridian, CBRE

CBRE has been awarded the marketing assignment for the ±240,000 SF office portion of Chandler Viridian, the $150 million, mixed-used project to be developed by Hines. The multi-faceted development project will be located on the former Elevation Chandler site near Chandler Fashion Center. Construction on the project is slated to begin 1Q 2015 and will… Read More →