Tag Archives: Brent Mallonee

GreenfieldGateway, Cassidy Turley, Wal-Mart, WEB

Cassidy Turley awarded leasing of 300KSF Walmart power center

Cassidy Turley announced it has been engaged by Greenfield Gateway Retail Investments for the marketing and leasing assignment of Greenfield Gateway in Mesa, Ariz.

The assignment consists of a 300,000 square foot shopping center anchored by Walmart Supercenter and Sportsman’s Warehouse. Cassidy Turley Vice President Brent Mallonee is now leasing the property.

“We are excited to be partnering with Greenfield Gateway Retail Investments on the leasing assignment of Greenfield Gateway,” Mr. Mallonee said. “The project is well located and conveniently accessible to the East Valley via the U.S. 60 Freeway. We are focused on leasing the shopping center up and improving the tenant mix, consistent with a first class power center.”

Greenfield Gateway is located at the southwest corner of the U.S. Highway 60 Superstition Freeway and Greenfield Road with immediate access from the U.S. 60 Superstition Freeway. It is adjacent to other regional centers that include At Home, Hobby Lobby and LA Fitness as tenants, and minutes from regional shopping destination Village Square at Dana Park.

The area boasts strong traffic counts and residential densities of over 130,000 people in a three mile radius. The Cassidy Turley team is currently leasing space configurations at Greenfield Gateway that can accommodate users seeking ±1,112 square feet suites to +35,000 square feet.

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Hayden Station in Tempe sold for $26.5M

Cassidy Turley has announced that Mill Avenue Office, L.L.C. (owned by Bob Parsons) has acquired Hayden Station, a 107,508 square foot, mixed-use office and retail property located on the southwest corner of Mill Avenue and 3rd Street, for $26.5 million ($246.49 per square foot). The seller was Tucson, Arizona-based Holualoa Companies.

Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s Capital Markets Group and Jeff Hartland, Scott Boardman, Trevor Klinkhamer and Brent Mallonee with Cassidy Turley’s Office and Retail Groups brokered the transaction on behalf of the buyer and the seller.

“Urban, infill properties in true walkable, 24/7 locations are generating exceptional investor interest,” Mr. Lindley said. “We were able to take advantage of this interest with Hayden Station’s Mill Avenue address in Downtown Tempe right at the light rail station.”

Built in 1986, Hayden Station (formally Hayden Square), includes five buildings: 310,350,404 and 410 S. Mill Avenue and 51 W. 3rd Street. The four Mill Avenue buildings are all two story and range in size from 5,642 to 9,548 square feet. The 3rd Street building is a five story, 74,307 square feet multi-tenant office building. The entire project was 97.9% leased at the time of sale.

“Hayden Station has had a history of maintaining high occupancy, even during the recent downturn,” according to Stan Shafer, Chief Operating Officer for Holualoa Companies. “Downtown Tempe is now the strongest office market in the Phoenix Metro.”

Hayden Station is strategically located on Mill Avenue, adjacent to a Light Rail station and within a short walk to Arizona State University. Downtown Tempe is one of Arizona’s most supply-constrained and successful office markets, with the Tempe North

DesertFoothillsPlaza

Ace Hardware to open new Ahwatukee location

Cassidy Turley announced it has completed a 15,000 square foot lease for Ace Hardware, at Desert Foothills Plaza located at 1323 East Chandler Boulevard in Phoenix.

Vice President Brent Mallonee of Cassidy Turley’s retail group represented Ace Hardware in the lease transaction. The landlord, Phoenix-based Foothills Plaza LLC was self-represented. Mallonee has been appointed to handle leasing on the remainder of the available space.

“This was a great transaction to be a part of, and it became a full circle deal. I met the tenant through a separate landlord represented deal we completed a few years back and was engaged to work with Ace Hardware on the Ahwatukee Foothills location. The transactions lead to a new listing with Desert Foothills Plaza. When we deliver service on a transaction that generates business for the future, we’re doing something right.” said Mr. Mallonee.

Desert Foothills Plaza is retail neighborhood center in the heart of the Ahwatukee Foothills, a young family, high income submarket of the southeast valley. The project currently includes a Bank of America, Big O Tires, Chase Bank, Grease Monkey and Walgreens. The area is surrounded by residential, golf courses, recreation parks and has easy access to Pecos Road a frontage road to the South Loop 202. The South Loop 202 extension is planned to run along Pecos Road.