New to Market Archives

C & W | PICOR end of August recent transactions

123rf:  Andriy Popov
September 1, 2015 by in AZRE Magazine | Brokerage | New to Market

SALE OVA Enterprises, LLC purchased 45,000 square feet of vacant land, Lots 15–16, in Cochise Industrial Park in Douglas, Arizona, for $350,000 from Thomas Investment Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, and Robert Maloney with Tierra Antigua Realty in Sierra Vista, Arizona, represented the seller in this transaction. HANAN INV, LLC purchased a… Read More →

Former Nimbus Brewery building sold for more than $1.4M

Craft beer
August 30, 2015 by in AZRE Magazine | Brokerage | New to Market | Retail

CBRE has completed the sale of the former Nimbus Brewery and Restaurant building at 6464 E. Tanque Verde Road in Tucson. The property commanded a sale price of $1.415 million, or $168 per square foot. Pete Villaescusa and Jesse Peron with CBRE’s Tucson office negotiated on behalf of the seller, McMahon Properties, LLC of Tucson.… Read More →

Three national restaurant users coming to Las Plazas at Old Vail

Las_Plazas_at_Old_Vail_PHOTO

Las Plazas at Old Vail, a 17-acre retail development at the northwest corner of Houghton and Old Vail Roads in Southeast Tucson, has landed its first wave of restaurant users. CBRE has recently completed the sale of the first three lots and the development will soon be home to a Taco Bell, Native Grill and… Read More →

Colliers International completes sale of 1,114-Unit portfolio

rsz_propertymanagement

The Cooke Multifamily Team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, AZ 3 multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56. The size of this Class A and Class B+ portfolio attracted attention from investors around the world. The deal was awarded to an… Read More →

LGE completes Pomo at Gilbert’s Heritage Marketplace

Pomo

LGE Design Build has completed tenant improvement construction for the 2,600-square-foot Pomo Pizzeria Napoletana at Heritage Marketplace in Gilbert. The restaurant features a 6,000-pound, wood-fire pizza oven imported from Italy with hand-crafted stone. In addition, the authentic Italian restaurant features a bar and outdoor seating. “As one of the restaurant hotspots in the Valley, Heritage… 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 →

Meridian Capital finances Glendale Market Square property

startup

Meridian Capital Group, America’s most active debt broker, negotiated a $21.1 million loan for the acquisition and rehabilitation of Glendale Market Square, a retail property located in Glendale, AZ on behalf of a Southern California-based developer. The three-year loan, provided by a debt fund, features a floating-rate, interest-only payments for the full-term and two one-year… Read More →

C & W | PICOR late August recent transactions

Deal, WEB

SALE Damar Properties, LLC purchased a 26,440 square foot industrial building at 5970 S. Palo Verde Rd. in Tucson from Lazydays Land Holdings, LLC for $1,100,000.  Rob Glaser, SIOR, CCIM, Industrial Specialist, with Cushman & Wakefield | PICOR, represented the seller and Doug Marsh with Oxford Realty Advisors, represented the buyer in this transaction. Nexpa… Read More →

Uptown Plaza welcomes Muse Apparel as their first new tenant

Photo by Vintage Partners

Uptown Plaza, the landmark shopping center at the intersection of Central Ave. & Camelback Rd., has announced the grand opening of its first new tenant, Muse Apparel, since kicking off a wall-to-wall renovation in mid-2014. Opening just in time to celebrate Uptown Plaza’s 60th Anniversary tomorrow, August 25, 2015, this popular 10-year-old local women’s clothing boutique recently relocated… Read More →

Ruaha River Power launches Lukosi River Feasibility Study

ruaha

Ruaha River Power Company Limited (“Ruaha Power”) has announced that Ritoch-Powell & Associates (RPA), a Phoenix, Arizona based engineering consulting firm has been selected to undertake a feasibility study for a cascading series of run-of-river hydropower projects on the Lukosi River in central Tanzania. The feasibility study is being partially funded by a US $600,000… Read More →

Norterra West breaks ground in Phoenix

Norterra Rendering 01

USAA Real Estate Company of San Antonio, Texas, in association with Tempe, Arizona-based Metro Commercial Properties, has broken ground on a speculative office development in the I-17 / Deer Valley submarket in Phoenix. The development, named Norterra West, will include two (2), three-story Class-A office buildings approaching 300,000 square feet, and will capitalize on the… Read More →

Sundt to redevelop Pima Animal Center in Tucson

kitten

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 →

L.I.F.E. replaces Rancho Solano Gilbert Campus for $4.5M

Rancho Solano

Cushman & Wakefield (C&W) of Arizona negotiated the $4.5 million sale of the Rancho Solano Gilbert Campus, 1305 S. Gilbert Road, to IPF Rancho Solano, LLC of San Diego. Jim Wilson, Executive Director with Cushman & Wakefield’s Phoenix office and Scott Shelbourne of C&W’s Chicago office represented the seller, Arizona Prep Real Estate, LLC of… Read More →

Ground breaks on 386,100 SF industrial project in Tolleson

First Industrial Rendering

Sun State Builders has broken ground on the First Industrial project in Tolleson, AZ. The 386,100-square foot cross dock distribution facility situated on 21.2 Acres will be complete by December of this year and will serve as the new home of Mattress Firm and other tenants. The Class A building will offer 36-feet clear height, K-25 ESFR,… Read More →