On March 1, AZRE hosted the 7th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2011 and the construction teams involved. AZRE held an open call for nominations and a record 116 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. This year, the winner for Brokerage Teams of the Year: Leasing & Sales was Cushman & Wakefield Leasing.
Brokerage Teams of the Year: Leasing & Sales
Cushman & Wakefield Leasing
The Team: Mark Detmer, Bo Mills
Lease Details: 64 transactions totaling 5.115 MSF
$112.7M in value
Largest transactions closed in 2011: 1.267 MSF, $49.9M, 10 years, confidential Internet retailer
Mark Detmer and Bo Mills of Cushman & Wakefield Leasing completed the largest industrial lease in Arizona during 2011 at more than 1.2 MSF. Their lease is considered one of the largest industrial deals in the country in the past four years. Additionally, this team also closed the four largest leases in the Phoenix area since 2009. Aside from respected real estate brokers, Detmer and Mills are involved in several community organizations. Mills is the incoming president for SIOR Arizona and has been on the NAIOP Board of Directors since 2006. Detmer is a board member of CSCMP and a leading member of the C&W National Industrial Investments Board. Both support Phoenix Children’s Hospital, Boys & Girls Club and Tumaini, a Kenyan orphanage.
Video by Cory Bergquist