Cassidy Turley Archives

Gold Canyon Candles signs 3-year lease in Chandler

Gold Canyon Candles signs lease at 6205 S. Arizona Ave., in Chandler, Ariz.
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

An Arizona-based company signed a 36-month lease for 42,000 SF at the Gold Canyon Candles Building at 6205 S. Arizona Ave. in Chandler, Ariz. Lee & Associates principals TJ Swearengin, Stein Koss, SIOR and Tom Louer, SIOR, represented the landlord, Gold Canyon Candles, which occupies a majority portion of the 212,070 SF warehouse building. Andy… Read More →

First Commons at West 10 sells for $6.08M

First Commons at West 10
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced the sale of First Commons at West 10, a ±99,528, institutional-quality, multi-tenant industrial complex. Located at 4625 and 4635 W. McDowell Road, the two-building, general industrial warehouse buildings were purchased by Enright Capital, Calgary, Alberta for $6.08 million. The seller was MDI Capital. Cassidy Turley Senior Managing Directors Bob Buckley, Tracy Cartledge… Read More →

California investor buys retail plaza for $11.9M

Southern Plaza, WEB
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Cassidy Turley announced that Amargosa Palmdale Investments, LLC of Beverly Hills, Calif., purchased Southern Plaza, a ±75,233 square foot neighborhood shopping center located at 6036 S. 7th Avenue for $11.9 million.   Executive Managing Directors Ryan Schubert and Michael Hackett with Cassidy Turley’s Retail Capital Markets Group represented the seller, Park West Development of Scottsdale,… Read More →

Industrial Sector Suits Up

Coldwater Depot

If Q1 reports are any indication, the Phoenix metro’s industrial sector is suiting up for an interesting year. Intel finished construction on its 2.2MSF manufacturing fab in Chandler, Ariz. It sits vacant with hopes for adaptations into a manufacturing facility for chips. The 700KSF Buckeye Business Center is under construction without any tenants. Last year,… Read More →

ZK Grill leases space at Gilbert Crossing

ZK Grill, SRS, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

SRS Real Estate announced ZK Grill, a Mediterranean fast casual restaurant,  has leased a 2,347-square-foot space at the northeast corner of Guadalupe and Gilbert roads in Gilbert, Ariz.     Other notable tenants located within Gilbert Crossing include: Power MMA & Fitness, Firestone, Meridan Bank, and Tots Unlimited. This will be ZK Grill’s fourth location… Read More →

San Francisco investor buys St. Luke’s Medical building for $8.45M

555North18thStreet, Cassidy Turley, WEB

Cassidy Turley announced the successful sale of a ±49,816 square foot medical office building at 555 North 18th Street in Phoenix’s downtown submarket. San Francisco-based Stockbridge Funds purchased the St. Luke’s Medical property for $8.45 million ($169.62/psf) from Chicago-based Heitman Real Estate Investment Management. Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover… Read More →

Cassidy Turley reports two retail center sales

Marley Park Plaza
by in AZRE Magazine | Brokerage | In The Spotlight

Cassidy Turley announced the sale of Marley Park Plaza, a 77,545 square foot, grocery-anchored neighborhood shopping center at 15411 W. Waddell Road in Surprise. IMAN Enterprises, LLC of Surrey BC, Canada, purchased the retail center for $12.45 million from Donahue Schriber Realty Group. Cassidy Turley Executive Managing Directors Ryan Schubert, Michael Hackett, Dan Wald and… Read More →

Ryan West Business Park sells for $14.59M

8313 Latham, WEB

Cassidy Turley announced today that a subsidiary of Cohen Asset Management purchased Ryan West Business Park, a ±242,863 square foot warehouse distribution building at 8313 Latham in Tolleson for $14,591,460 from EG Properties, LLC. Ryan Companies US, Inc’s (Ryan) Real Estate Management group was the asset manager for the seller and will continue to serve… Read More →

Cave Creek CVS sells for $6.75M

by in AZRE Magazine | Brokerage

Cassidy Turley reports that Mountain Villas, LLC, has purchased the 13,813 square foot CVS Pharmacy located at 28138 N. Tatum Blvd. in Cave Creek, AZ (85331) for $6.75 million. Michael Campbell and Ed Colson Jr., CCIM,of Cassidy Turley’s San Diego office represented Mountain Villas LLC. John Wertz of Colliers International represented the seller, Charles W.… Read More →

California Investor Buys Motorcycle Mechanics Institute

2932 W Deer Valley, Cassidy Turley, WEB

Cassidy Turley announced the successful sale of a ±40,427 square foot Class B flex project at 2932 West Deer Valley Road in Phoenix’s Deer Valley Submarket. California-based Hyperion Fund L.P. purchased the property for $5.97 million ($148.00/psf) from California-based 2932 DVR LLC. Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover with Cassidy… Read More →

California investor buys Black Canyon Business Park

Black Canyon Business Park, Cassidy Turley, WEB

Cassidy Turley announced that BKM Capital Partners (Irvine, California) acquired Black Canyon Business Park, a ±219,090 square foot business park at 8041 North Black Canyon Freeway for $13.1 million. The seller was Business Properties (Irvine, California). Senior Managing Directors Bob Buckley, Tracy Cartledge and Steve Lindley with Cassidy Turley’s Capital Markets Group and Vice President… Read More →

Colliers International sells Class-B office in Phoenix

Colliers, WEB
by in AZRE Magazine | Brokerage

Colliers International in Greater Phoenix has recently completed the sale of a Class B office building in Phoenix for $950,000, or $79.40 a square foot. Phoenix-based John F. Long Properties LLP purchased the building, located at 1118 E. Missouri Ave., from Gillman, Kawecki, McCluskey and Windes Investment Partnership of Phoenix. Peter Nieman, an executive vice… Read More →

NXP Semiconductors leases 33KSF at Chandler Midway

CoStar
by in AZRE Magazine | Brokerage | Featured

The ViaWest Group announced today that NXP Semiconductors has signed a 10-year lease for 32,988 SF of office space at Chandler Midway Corporate Center, 5670 W. Chandler Blvd. Built in 2007, the project is comprised of two class-A office buildings totaling 111,800 SF. ViaWest originally purchased Chandler Midway in December 2012. At the time of… Read More →

TradeCor purchases SAARS building for $2.1M

SAARS, WEB

Cassidy Turley announced the $2.1 million ($247.06/psf) sale of SAARS Building, a Class-B office building at 4221 N. Scottsdale Rd. in the Scottsdale, Ariz., submarket. Phoenix-based 4221 Scottsdale LLC / TradeCor LLC purchased the property from Scottsdale-based Scottsdale Area Association of Realtors (SAARS). Cassidy Turley Managing Director Mark Bramlett, Executive Managing Director Eric Wichterman and… Read More →