Tag Archives: commercial properties

Courtesy of CPI

Penco Properties buys Harris Park Professional Plaza

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of Harris Park Professional Plaza.  Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented both the buyer and seller in this transaction.

The 27,864 SF, Class B office building is located at 1550 E McKellips Road in Mesa, Arizona and has frontage on McKellips Road, just west of Gilbert Road.

“This transaction came together from my relationship with the out-of-state investor, Penco Properties, who was actively seeking replacement properties for some 1031 Exchange funds. Fortunately, Harris Park Professional Plaza completely met the needs of my client with 100 percent occupancy and a solid tenant history,” said Breinholt.

Harris Park Professional Plaza is a 100 percent leased, multi-tenant office building built in 2001 which was formerly owned by Harris Park Prof Plaza, LLC. Commercial Properties Incorporated picked up the property management account, and Breinholt and McCormick have retained the leasing of the property.

3195 E 36th Street, WEB

CPI Sells Industrial Property in Tucson

Commercial Properties, Inc., announced the sale of a 31,682 SF industrial property located at 3195 E 36th Street in Tucson. Chad Ackerley of CPI’s Tempe office represented the new owner, Hercules Capital, the parent company of Hercules Industries from Denver. Hercules Industries manufactures and distributes high-end HVAC equipment and sheet metal, and is one of the largest of its kind in the Western and Midwestern regions of the United States.

“Increasing the footprint four times its current 8,000 SF location, indicates the future growth Hercules sees for the construction Industry in Tucson,” Ackerley said.

The seller, Horizon Relocation Services, a local moving company, was recently acquired after being family run for 90 years in Tucson by Suddath Relocation Systems in Jacksonville, Fla. Steve Cohen of Cushman & Wakefield represented Horizon in the transaction.

The sale was valued at $1.7M ($53 PSF) with 2.6 acres.

8836 N 23rd

CPI’s Top 5 December Transactions

Commercial Properties, Inc., CPI, completed 137 transactions in December for a total of 493,145 SF. It announced the following top 5 transactions:

Leading the Lease Transactions Category, Tenant Representatives Eric Butler and David Verwer leased out 10,000 SF of Office space to USDA-APHIS, at 8836 N. 23rd Avenue in Phoenix.

In industrial sales, John G. Soldo, SIOR sold a 6,000 SF property for the owner at 4346 E. Magnolia Street, Phoenix, to The Jerome P Barnier Jr Revocable Trust, totaling $1,845,000.

Chad Merwin and Phill Tomlinson sold a 4,136 SF Retail space at 10817 W. Indian School Road in Avondale to IPS, Inc, for $1,325,000.

Vice President Sarge Glenn sold a 6,703 SF Retail property at 1721 N. Arizona Avenue in Chandler to Trustees of the Michael & Phyllis Dindio Trust, for $1,075,000.

Lastly, Don Shikles brokered a 12,428 SF Industrial property at 4941 W. Magnolia Street in Phoenix $940,000 for 4941 W. Magnolia, L.L.C.

11201 N Scottsdale

Commercial Properties Inc.'s Top October Transactions

Commercial Properties, Inc. has released the following leading transactions brokered in October 2013.

In total the firm completed 137 transactions in October for a total of 1,318,832 SF.

Leading the Lease Transactions Category, Tenant Representative Ken Elmer brokered an agreement with Arizona Urgent Care, LLC, for 5 spaces in Gilbert, Mesa & Tucson, totaling $4,987,600.

In industrial sales, John Soldo and Leroy Breinholt sold a 13,000 SF Property at 17066 S 54th St, Chandler, to OMD Holdings, totaling $607,500.  The property includes an industrial warehouse, office and yard.

Sr. Corporate Services VP Jeff Hays and Corporate Services VP Chad Neppl leased out 15,553 SF of industrial space at 3530 E Atlanta Ave, Phoenix, for $432,778.

Land Group Vice President Donn Kinzle and Sr Vice President Ron Schooler worked together to sell 762,300 SF of Goodyear land to Goodyear Care Group, LP, for $1,950,000.

Lastly, in the company’s largest transaction for the month, two of CPI’s Retail Group leaders – Trent Rustan and Josh Gosnell – brokered a 12,900 SF, $2,381,200 purchase agreement for TBV-WB, LLC at 11201 N Scottsdale Road.

AZRE Newsmakers

Newsmakers: AZRE Magazine May-June 2012

Find out about Arizona’s newsmakers for May/June 2012

newsmakers - canada, oconnell, poulin» McCarthy Building Companies has appointed Scott Canada to the merit review committee for the SunShot Concentrating Solar Power R&D funding opportunity solicitation in Phoenix. The initiative is an aggressive research and development plan led by the U.S. Department of Energy and aimed at developing solar technologies to meet a levelized cost of energy target of 6 cents/kWh without subsidy by 2020. McCarthy also promoted two associates to project directors. They are Lee O’Connell in Albuquerque and Steve Poulin in Tempe.

newsmakers - morrow» Voit Real Estate Services appointed Donald Morrow as managing director of the firm’s Phoenix operations. Morrow will oversee all aspects of Voit’s operations in the Phoenix market, including brokerage, asset and property management. Prior to joining Voit, Morrow served as a partner at Biltmore Holdings.

» Sundt Construction chairman and former CEO J. Doug Pruitt was named among the recipients of the prestigious 2012 Golden Beaver Award. Pruitt received the Management Award from The Beavers, a heavy civil engineering construction association. He retired as CEO of Sundt in September 2011, but remains involved with the company serving as chairman. Sundt also added Tom Auay-Fuay to serve as project manager in the Southwest. He will concentrate his efforts on preconstruction activities relating to mining and industrial construction projects.

» Commercial Properties Inc. (CPI) hired John B. Daley, who brings 30 years of commercial, retail, office and industrial real estate experience. Daley has coordinated some of the largest commercial real estate deals in Arizona. CPI also was selected by CoStar Group as recipient of a CoStar Power Broker Award. In addition, four brokers won individual awards as Top Industrial Leasing Brokers. They include Leroy Breinholt, Darin Edwards, Cal Johnson and Eric Jones.

» The Arizona Builders’ Alliance was honored by the Associated General Contractors of America as a 2011 Community Award recipient, one of 13 organizations recognized as the construction industry’s best charitable work. The ABA Community Board supported four projects in 2011.

newsmaker - byrd» Lincoln Property Company hired Tina Byrd as property manager in the Desert West Region office in Phoenix. Byrd is responsible for managing the newly renamed and remodeled Camelback Square.

» CBRE announced that Ike Isaacson has been named the new leader for its Tucson office and the Southern Arizona market. Isaacson has nearly 15 years of commercial real estate experience in the Tucson market, specializing in the leasing and sale of office, medical and R&D buildings.

» Erin Harper joined Alliance Project Advisors as senior project manager in Phoenix. Prior to joining Alliance Project Advisors, Harper worked with CBRE Global Corporate Services on site at American Express’ TRS Division since 1996. She has more than 20 years of project management experience.

newsmakers - gaylord, hawks, bladine» Jennings, Haug & Cunningham expanded its legal services with the addition of a prominent Arizona environmental law practice group. The three attorneys include senior partner Karen Gaylord, Ronnie Hawks and Janis Bladine. They have been representing clients in environmental law.

» Scottsdale-based MC Companies has announced the new joint venture with Phoenix-based Clark-Wayland Construction. This venture will focus mainly on development and construction of new multi-family projects in Phoenix and Tucson. The combined company has more than 75 years construction experience and has built more than 25,000 units in Arizona.

newspaper - plapp» Colliers International announced that senior associate Danny Plapp joined the office properties team of Charles Miscio, Greg McMillian and Niki Ward. Plapp will focus on procuring new tenants for property owners, while working with the specific needs of users. He joins Colliers from LevRose Commercial Real Estate in Scottsdale. Plapp has more than four years of commercial real estate experience, specializing in office properties.

» Carlyle Development Group announced a leasing and management team for the newly acquired Metrocenter in Phoenix. This team includes the addition of Brent Meszaros as general manager, real estate veteran Anita Blackford as senior VP of leasing, and locally based Phoenix Commercial Advisors as Metrocenter’s exclusive retail broker representative.

» Gensler added three new associates to its Phoenix staff. They include Jennifer Gozzi, interior designer; Lori Stenguist Johnson, project coordinator; and Stephanie Gomez, marketing manager.

AZRE Magazine May/June 2012