Tag Archives: Big Deals

Morelos Place, Lee and Associates

Big Deals: Industrial, Oct. to Nov. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
Top 5 Notable Leases and Sales (October 1 to November 30, 2013) Source: Cassidy Turley Research Department, Colliers International and CoStar

 

SALES

1. First Solar Factory, Mesa First Solar 2
1,328,075 SF; $113.6M
Buyer: Everest Apple Inc.
Seller: First Solar, Inc.
Listing Brokers: Michael White, Jim Wilson and Nathan Zoucha Cushman and Wakefield

2. Coldwater Depot, Phase I, Avondale
603,853 SF; $39.65M
Buyer: Lake Washington Partners
Seller: Clarion Partners
Listing Brokerage: CBRE

3. Mountain Vista Commerce Center, Phoenix
126,263 SF; $11.36M
Buyer: Stockbridge Capital
Seller: Buchanan Street Partners

4. Lincoln Sky Harbor, Scottsdale
126,807 SF; $7,525,000
Buyer: Pacific Office Furnishings
Seller: Lincoln Property Company
Listing Brokerage: CBRE

5. McDowell Mountain Business Center III, Scottsdale
79,720 SF; $7M
Buyer: Matthew Wykoff
Seller: R T Shell, Inc.
Listing Brokerage: Shell Commercial

 

LEASES

1. 6850 W. Morelos Pl., Chandler 6850 W Morelos
126,251 SF
Landlord: Eastgroup Properties, Inc.
Tenant: Arizona Nutritional Supplements
Landlord and Tenant Brokers:
Tom Louer and Stein Koss, Lee & Associates

2. 1901 W. Fillmore St.,
Phoenix
42,444 SF
Landlord: Phoenix Freeway Partners
Tentant: The Sutta Company, Inc.
Landlord Brokerage: Harrison Properties
Tenant Brokerage: Cresa

3. 51 Bells,
Glendale
40,650 SF
Landlord: 51 Bells Limited Partnership
Tenant: Empereon Marketing
Landlord Brokerage: Cassidy Turley

4. 5010 S. 48th St.,
Phoenix
30,240 SF
Landlord: Northcom 44 LLC
Tenant: National Restaurant Supply Co.
Landlord Brokerage: Cassidy Turley

5. 7239 N. El Mirage Rd.,
Glendale
23,500 SF
Landlord: AZCO Mining, Inc.
Tenant: Vision Air America, Inc.
Landlord BrokerAGE: Sorensen & Black
Tenant Brokerage: Cassidy Turley

Industry_East_West_Sold-2, Cassidy Turley

Big Deals: Office, Oct. to Nov. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
Top 5 Notable Leases and Sales (October 1 to November 30, 2013) Source: Cassidy Turley Research Department, Colliers International and CoStar

 

SALES

1. Stetson Plaza, Scottsdale Industry_East_West_Sold-2, Cassidy Turley
89,700 SF; $18.5M
Buyer: Alliance Residential Company
Seller: Triyar Companies, LLC
Listing Brokers: David Fogler, Steven Nicoluzakis and Don Arones, Cassidy Turley

2. Missouri Falls, Phoenix
187,648 SF; $13,801,858
Buyer: ICIC Commercial Investments, LLC
Seller: For 1031 Missouri LLC
Listing Brokerage: CBRE

3. Sky Harbor Towers, Phoenix
273,623 SF; $12.1M
Buyer: Orsett Properties, Ltd.
Seller: LNR Partners, Inc.
Listing Brokerage: Cassidy Turley

4. Arcadia Gateway Center, Phoenix
89,811 SF; $10,555,000
Buyer: MIG Real Estate, LLC
Seller: Bible Education Legacy Fund I
Listing Brokerage: Cushman & Wakefield

5. 1511 N. Project Dr., Tempe
61,807 SF; $7.8M
Buyer: SRP
Seller: Altier Credit Union
Listing Brokerage: Colliers International

 

LEASES

1. Desert Canyon 200, Phoenix Desert Canyon 200
68,554 SF
Landlord: Washington Capital Management, Inc
Tenant: Matric Absence Management
Landlord Brokers: Ashley Brooks, Jim Bayless and Jenny Aust, CBRE
Tenant Broker: Steve Corney, Jones Lang LaSalle

2. Camelback Esplanade II, Phoenix
42,787 SF
Landlord: Metropolitan Life Insurance Company
Tentant: Tiffany & Bosco, P.A.
Landlord BrokerAGE: Cushman & Wakefield
Tenant BrokerAGE: Cushman & Wakefield

3. Perimeter Gateway 101, Scottsdale
25,000 SF
Landlord: Desert Troon Companies, Inc.
Tenant: Accolade
Landlord BrokerAGE: Lee & Associates

4. University Offices, Phoenix
15,044 SF
Landlord: Three Strands, LLC
Tenant: ComTrans
Landlord BrokerAGE: Sperry Van Ness

5. Papago Park Center, Tempe
13,926 SF
Landlord: Phoenix Investors #13
Tenant: AdOn Network
Landlord BrokerAGE: Lee & Associates

PHX-Karting,-CPIweb

Big Deals: Retail, Oct. to Nov. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
Top 5 Notable Leases and Sales (October 1 to November 30, 2013) Source: Cassidy Turley Research Department, Colliers International and CoStar

SALES

1. Fountain Hills Plaza, Fountain Hills FountainHillsPlaza
111,289 SF; $20.5M
Buyer: Whitestone REIT
Seller: The Pederson Group
Listing Brokers: Glenn Smigiel, Bob Young, Steve Brabant and Rick Abraham, CBRE

2. Safeway, Peoria
57,795 SF; $14.36M
Buyer: SAR Enterprises
Seller: Pacific West Land
Listing Brokerage: CBRE

3. LA Fitness, Casa Grande
45,000 SF; $9M
Buyer: The McNaughton Company
Seller: Vanderbilt Group, LLC
Listing Brokerage: Retail Investment Group, LLC

4. Ashley Furniture/Oasis Bedrooms, Mesa
53,312 SF; $6.1M
Buyer: Ashley Furniture
Seller: Coventry II DDR SM
Listing Brokerage: Marcus & Millichap

5. Palm Valley Pavilions East, Goodyear
35,199 SF; $4.8M
Buyer: Claxton Real Estate LP
Seller: John & Cathy Monson
Listing Brokerage: CBRE

LEASES

1. Greenway Village, Phoenix  PHX Karting Indoors - Ds3 Rendering 091313
94,500 SF
Landlord: McKinley, Inc.
Tenant: HobbyTown USA
Landlord Broker: Trent Rustan, Arizona Partners Retail Investment Group LLC
Tenant Broker: Josh Gosnell, Commercial Properties, Inc.

2. Broadway Dobson Center, Mesa
42,303 SF
Landlord: MGF Property, LLC
Tentant: Call It New, Call It Antique
Landlord BrokerAGE: Rein & Grossoehme
Tenant BrokerAGE: LevRose Real Estate

3. 140 N. Country Club Dr., Mesa
33,438 SF
Landlord: A & S Capitol, LLC
Tenant: J Levine Auctions
Landlord BrokerAGE: Menlo Group Commercial Real Estate
Tenant BrokerAGE: Menlo Group Commercial Real Estate

4. Chandler Festival, Chandler
31,906 SF
Landlord: Cole Real Estate Investments
Tenant: Conn’s
Landlord BrokerAGE: RED Development, LLC

5. Glendale Market Square, Glendale
28,909 SF
Landlord: Kimco Realty
Tenant: EJ’s Auction
Landlord BrokerAGE: Kimco Realty

The Hub, WEB

Big Deals: Multifamily, Aug. to Sept. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

1. The Hub on CampusThe Hub
Tempe
384,098 SF; $103,000,000
Buyer: Inland American Communities Group
Listing Broker: Chris Bancroft, Chris Epp, Meredith Wolff, Brad Goff and David Lord, Apartment Realty Advisors

2. Promontory Pointe Apartments
Phoenix
422,376 SF; $41,500,000
Buyer: Green Leaf Partners
Listing Broker: Cliff David, Marcus & Millichap

3. Gateway on Gilbert Apartments
Mesa
387,424 SF; $34,000,000
Buyer: Hamilton Zanze & Company
Listing Broker: David Lord, Apartment Realty Advisors

4. Camden Sotelo
Tempe
164,000 SF; $34,000,000
Buyer: Camden Property Trust
Listing Broker: Mark Forrester, Hendricks & Partners

5. Desert Harbor Apartments
Peoria
262,295 SF; $26,682,000
Buyer: Murray Hill Developments, Ltd.
Listing Broker: Brad Goff, Apartment Realty Advisors
Buyer’s Broker: Alon Shnitzer, ORION Investment Real Estate

Gilbert and Southern

Big Deals: Retail, Aug. to Sept. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

SALES

1. Gilbert & Southern

Gilbert and Southern

Gilbert and Southern

Mesa
238,613 SF; $9,530,200
Buyer: Astani Enterprises, Inc.
Seller: Wells Fargo
Listing Broker: Chad Tiedeman, Steven Underwood, Greg Laing, Teale Bloom and Cameron Warren, Phoenix Commercial Advisors

2. Tutor Time
Cave Creek
25,315 SF; $8,750,000
Buyer: Terry & Steve Blumenfeld Seller: National Retail Development Partners Listing Broker: Chad Tiedeman, Phoenix Commercial Advisors

3. Hurley Plaza
Phoenix
20,243 SF; $6,922,104
Buyer: Capstone Advisors, Inc. Seller: Lawrence & Geyser Development Listing Broker: Chad Tiedeman, Phoenix Commercial Advisors

4. 35th Avenue & Bell Road
Phoenix
78,422 SF; $5,493,146
Buyer: Kinetic Companies Seller: CWCapital Asset Management, LLC Listing Broker: Jules Sherwood, Rockwood Real Estate Advisors

5. Peoria Square
Glendale
23,075 SF; $5,300,000
Buyer: Cave Creek Capital Partners LLC Seller: Sierra Consulting Group, LLC Listing Broker: Adrian Evarkiou, Helo Real Estate Buyer’s Broker: Max Bippus, CBRE

LEASES

1. Glendale Market Square, Glendale

Glendale Market Square

Glendale Market Square

5870 W. Bell Rd.
45,000 SF
Landlord: Kimco Realty  Tenant: Lina Home Furnishings
Landlord Brokers: Dan Lupien, Kimco Realty

2. Glendale Market Square, Glendale
5850 W. Bell Rd.
29,000 SF
Landlord: Kimco Realty Tentant: J. Levine Auction & Appraisal
Landlord Brokers: Dan Lupien, Kimco Realty

3. Ahwatukee Foothills Towne
Center, Phoenix
26,939 SF
Landlord: DDR Corp. Tenant: Michaels Tenant Broker: Tommy Woods and Brian Woods, Colliers International

4. Glendale Galleria, Glendale
20,990 SF
Landlord: Brixmor Property Group Tenant: Sears Outlet
Landlord Broker: Traci Russell, CBRE

5. Bell Town Center, Phoenix
19,689 SF
Landlord: Nexus Development Tenant: Office Max Landlord Brokers: Tommy Woods and Brian Woods, Colliers International

Elliot Corporate Center

Big Deals: Industrial, Aug. to Sept. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

 

SALES

Elliot Corporate Center

Elliot Corporate Center

1. Elliot Corporate Center I
Tempe
223,392 SF; $23,500,000
Buyer: Everest Holdings, LLC
Listing Broker: Jim Fijan and Will Mast, CBRE

2. Cotton Center Bldg. 2 (Phase I)
Phoenix
99,734 SF; $18,880,000
Buyer: Cole Corporate Income Trust, Inc.
Seller: LBA Realty

3. Rio Salado Corporate Center
Tempe
82,257 SF; $14,402,000
Buyer: Cole Corporate Income Trust, Inc.
Seller: LBA Realty

4. Opus Commons
Tempe
125,720 SF; $10,062,170
Buyer: Cal-Int Foods, Inc.
Seller: Valley Citrus Packing, Co.
Listing Broker: Steve Grossoehme, Rein & Grossoehme

5. Broadway Industrial Park
Tempe
101,601 SF; $9,077,000
Buyer: DCT Industrial Trust
Seller: Prologis
Listing Broker: Mark Detmer and Bo Mills, Jones Lang LaSalle

 

LEASES

1. Papago Distribution Center, Phoenix

Papago Distribution Center

Papago Distribution Center

221,116 SF
Landlord: Prologis  Tenant: Marathon Equipment
Landlord Brokers: Anthony Lydon and Marc Hertzberg, Jones Lang LaSalle Tenant Brokers: Don MacWilliam and Payson MacWilliam, Colliers International

2. Fairmont Commerce Center, Tempe
83,280 SF
Landlord: Walton Street Capital Tentant: MXD Group
Landlord Brokers: Steve Larsen, Steve Sayre and Bill Honsaker, Jones Lang LaSalle Tenant Brokers: Steve McKendry, Kris Jenkins and Trevor McKendry, DAUM Commercial Real Estate

3. Carver Distribution Center, Tempe
74,102 SF
Landlord: Principal Financial Group Tenant: Haas
Landlord Brokers: Michael Haenel and Andy Markham, Cassidy Turley Tenant Broker: Paul Sieczkowski, Colliers International

4. Broadway Industrial Park, Tempe
72,714 SF
Landlord: RREEF Tenant: SOLLiD Cabinetry
Landlord Broker: Rob Martensen, Colliers International
Tenant Broker: Dan Casey, Rein & Grossoehme

5. 501 N. 51st Avenue, Glendale
72,437 SF
Landlord: Harrison Properties Tenant: Hensley
Landlord Brokers: Jeff Dalton, James Harrison and Natalie Dalton, Harrison Properties Tenant Broker: Bruce Calfee, Cassidy Turley

Biltmore Commerce Center

Big Deals: Office – Aug. to Sept. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.

In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

 

SALES

Biltmore CC

Biltmore Commerce Center

1. Biltmore Commerce Center

Phoenix

258,348 SF; $42,773,000

Buyer: DPC Development Companies

Seller: The Muller Company

Listing Broker: Chris Toci, Chad Littell, Jerry Jacobs, Larry Downey, Cushman & Wakefield

 

2. North Scottsdale Corporate Center

Phoenix

156,629 SF; $38,600,000

Buyer: Artis REIT Seller: Miller Global Properties, LLC

LISTING BROKER: Chris Toci, Cushman & Wakefield

 

3. Kierland One 

Scottsdale

175,441 SF; $29,300,000

Buyer: Pacific Coast Capital Partners LLC

Seller: Cornerstone Real Estate Advisors, Inc.

Listing Broker: Barry Gabel, Mindy Korth and Chris Marchildon, CBRE

 

4. DeVry University

Phoenix

111,957 SF; $23,030,000

Buyer: Cole Corporate Income Trust, Inc. Seller: LBA Realty

Listing Broker: Jeffrey Cole, Cushman & Wakefield

 

5. Midtown Bank of America Tower

Phoenix

189,868 SF; $14,800,000

Buyer: Omninet Capital Seller: Morrison Street Capital, LLC

Listing Broker: Michael Crystal, Cushman & Wakefield

LEASES

1. Discovery Business Campus, Tempe

Discovery Business Park

Discovery Business Park

2118 E. Elliot Rd.

166,127 SF

Landlord: Wentworth Property Company/Discovery Business Park Tenant: State Farm

Landlord Brokers: Karsten Peterson, Dave Seeger and Mark Detmer, Jones Lang LaSalle Tenant Brokers: John Pierson, Jones Lang LaSalle

2. Discovery Business Campus, Tempe

2104 E. Elliot Rd.

133,044 SF

Landlord: Wentworth Property Company/Discovery Business Park

Tentant: State Farm

Landlord Brokers: Karsten Peterson, Dave Seeger and Mark Detmer, Jones Lang LaSalle Tenant Brokers: John Pierson, Jones Lang LaSalle

 

3. Diablo Technology Center, Tempe

73,000 SF

Landlord: Walton Street Capital/The Muller Company Tenant: Xerox Commercial Solutions Landlord Brokers: Charles Miscio and Danny Plapp, Colliers International Tenant Broker: Pat Williams, Jones Lang LaSalle

 

4. 2455 S. 7th St., Phoenix

38,739 SF

Landlord: Harrison Properties Tenant: Arizona Department of Economic Security Landlord Broker: James Harrison, Jeff Dalton and Natalie Dalton, Harrison Properties

 

5. Pima Northgate, Scottsdale

25,219 SF

Landlord: ASB Capital Management, LLC Tenant: LoanDepot.com Landlord Brokers: Tim Whittemore, Michael White and Chris Nord, Cushman & Wakefield Tenant Broker: John Gillespie, Newport Commercial Realty Advisors