Colliers Archives

Avesis signs lease for 55,000+ SF at Corporate Center

CorporateCenter (2)

Cushman & Wakefield has announced that locally based Crown West Realty has leased 55,501 square feet to Avesis Inc. for the new tenant’s corporate headquarters at Corporate Center, located at 10400 N. 25th Ave. Cushman & Wakefield Senior Directors Tim Whittemore and Mike Sayre represented Crown West Realty in the transaction. Todd Noel with Colliers represented Avesis. Corporate… Read More →

Colliers: Scottsdale Airpark report details steady growth


James Keeley, SIOR, CCIM, founding partner and managing broker at Colliers International’s Scottsdale office recently released a 2030 Report for the Greater Scottsdale Airpark detailing commercial market changes in the past 30 years to the present. The Greater Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square footage… Read More →

Tuesday Morning Corp. signs 593KSF spec lease

Architectural Photography by Michael Baxter, Baxter Imaging LLC

Liberty Property Trust announced that Tuesday Morning Corporation has signed a 10-year lease for 593,600 square feet at Liberty Logistics Center I in Phoenix. The national retail chain will occupy the entire facility, located at 563 S. 63rd Avenue, in September. Liberty acquired the building in 2013 and marketed the facility to potential distribution center… Read More →

Colliers hires Senior Associate in National Investments Sector

by in AZRE Magazine | Newsmakers

Colliers International in Greater Phoenix recently hired Norah Brennan as a senior associate in the area of national institutional investment sales and single tenant net leased assets.   Brennan has worked in commercial real estate for four years, three of those years with Colliers International’s Sacramento office. Her transactions totalled more than $65 million last year.… Read More →

Desert Mini Storage owner buys 22KSF office building for $3.5M

Colliers, Office, Costar, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed a sale of a Class A, 22,345-square-foot office building in Scottsdale for $3.5 million, or $156 a square foot. Spensa Management, LLC, of Minnesota purchased the building, located at 8525 E. Pinnacle Peak Road, from K2H Pinnacle Peak Place, LLC, of Vancouver, BC, Canada. Mike Milic, vice president;… Read More →

Wallace, Plese + Dreher relocates to Chandler Corporate Center

500 N  Juniper, DAUM, WEB
by in AZRE Magazine | Brokerage

DAUM announced May 22 that Wallace, Plese + Dreher (WP+D), one of the leading certified public accounting firms in Arizona, will move its office to Chandler Corporate Center and occupy 10,549 SF of office space. The expected move-in date will be in August. DAUM Commercial Real Estate Services represented Wallace, Plese + Dreher, the lessee,… Read More →

Office Momentum Carries Over from Late-2013 to First Quarter

Desert Canyon, Colliers
by in AZRE Magazine | Industry Insiders

Colliers International released its 1Q office market research. Highlights are below. A full report is at the end of the story. ·         Net absorption in the Greater Phoenix institutional office market totaled approximately 697KSF in the first quarter. This marked the third consecutive quarter where net absorption topped 500KSF. ·         Net absorption was strongest in… Read More →

Colliers International Completes $43.1M Sale of 183KSF Office in Chandler Price Corridor

2700 W. Frye Rd., Chandler

Colliers International in Greater Phoenix recently completed the sale of a 183KSF, Class-A office building in Chandler for $43.1M, or $235.50 a square foot. W. P. Carey Inc., a global net-lease REIT based in New York City, purchased the building at 2700 W. Frye Rd. in Chandler from Regent Properties of Los Angeles. Neil Glassmoyer,… Read More →

Multifamily Vacancies Tighten as Construction Accelerates

by in In The Spotlight | Industry Insiders

Colliers International released the following information in its 4Q multifamily report. See below for highlights: §  Vacancy in Greater Phoenix ended 2013 at 7.3 percent, down from 8.3 percent at the end of 2012. Vacancy has declined in each of the past four calendar years. §  The decline in vacancy is particularly encouraging since it… Read More →

Colliers Promotes 24 Brokers

by in Business News | In The Spotlight | Newsmakers

Colliers International in Greater Phoenix has promoted 24 brokers, including three to senior executive vice president and 10 to executive vice president. Colliers announced the new positions and titles during a January 15 company meeting. Each year, Colliers promotes brokers in the first quarter. “The promotions recognize the dedication, talent and expertise of our brokers… Read More →

Mindy Korth Joins Colliers, Leaves CBRE

Mindy Korth, Valley Partnership - AZRE Magazine May/June 2011

Colliers International in Greater Phoenix has appointed Mindy Korth, a top commercial real estate executive with nearly 30 years of experience in the Phoenix market, executive vice president, adding depth to the firm’s investment sales expertise. Korth will drive Colliers’ investment property sales by pinpointing prime business opportunities for clients, developing business strategies and conducting comprehensive… Read More →

Commercial Real Estate Firms Gets Charitable for Holidays

(from L to R): Rob Martensen, Christine Nagle, Paul Sieczkowski, Mary Beth Campbell, all with Colliers International
by in Business News

Arizona Builders Alliance: Members of the Arizona Builders Alliance, a construction industry association, has collected thousands of toys that will be wrapped and delivered to approximately 300 children in CPS custody (residents of Sunshine Group Homes) and approximately 100 children who live at Sunshine Acres Children’s Home in Mesa. A major toy-wrapping effort will take… Read More →

Sonoma Place Apartments in Peoria Sell for $6.53M

Sonoma Place, Colliers
by in Brokerage | Business News | In The Spotlight

Colliers International in Greater Phoenix recently completed the $6.53M sale of the 100-unit Sonoma Place, located at 11600 N. 75th Ave. in Peoria, for $65,300 a unit, or $80.33 a SF. Denver-based Investment Property Exchange Services acquired Sonoma Place from Mentor Properties of Scottsdale. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers’ HSK Multifamily… Read More →

Colliers International Completes $7.8M Sale of Tempe Office Building to SRP

Photo courtesy of CoStar
by in Brokerage | Business News

Colliers International in Greater Phoenix recently served as advisers in the sale of a Tempe Class B office building, 1511 N. Project Drive, to SRP for $7.8 million or $122.97 per square foot. SRP purchased the 61,807 square-foot-building from Altier Credit Union to expand its administrative space. SRP already occupied approximately 40,000 square feet of… Read More →