cushman wakefield Archives

Cushman & Wakefield recognizes top Phoenix producers

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors… Read More →

Self-storage market in the Valley heats up

Goodyear Self storage
by in AZRE Magazine

Its stability and reliability since the Great Recession has made the self-storage market popular among developers and buyers in Arizona. There are approximately 950 self-storage facilities in the state, according to the Arizona Self-Storage Association, with about 500 in the Valley alone, and over 50 in the development pipeline. Dave King, vice president of self-storage… Read More →

Cushman & Wakefield recognizes top Phoenix producers for 2016

Phoenix
by in AZRE Magazine | Brokerage

Cushman & Wakefield honored 25 individuals and teams in each of its brokerage service areas including capital markets, tenant representation and agency leasing after finishing 2016 with a combined transaction volume of approximately $2 billion. The 2016 overall top producer was Executive Managing Director Eric Wichterman and the top overall producing team was Executive Managing Directors Michael… Read More →

Growing Kansas-based law firm signs lease at Esplanade

Cushman & Wakefield announced that Spencer Fane has leased 8,502 square feet at Esplanade, located at 2425 E. Camelback Road in Phoenix. The tenant signed an 18-month full-service gross lease for $38.00 per square foot from LBA Realty. The 11-story, 235,077-square-foot office building is phase one within the mixed-use Camelback Esplanade, located at the southeast… Read More →

Pondering President Trump’s trade policy and impact on industrial real estate

President Donald Trump’s focus on curbing the trade deficit by bolstering U.S. exports and reducing imports could drive policy changes that impact industrial real estate markets throughout the U.S., Cushman & Wakefield reported in a logistics and industrial research briefing released today. However, the report concludes that a trade war with China or U.S. withdrawal from NAFTA… Read More →

Tempe apartment complex sold for $9M

Tempe apartment
by in AZRE Magazine | Brokerage | Multi-Family

A 100-unit Tempe apartment complex, Parkside Apartments, was sold to a California-based firm for $9 million, according to Cushman & Wakefield. The apartment complex is located near Broadway Road and Priest Drive at 1801 S. Cutler Dr. In Tempe and was sold by Clear Sky Capital Parkside to Devistar II Properties LLC. Cushman & Wakefield Executive… Read More →

Three self-storage facilities sell for $8.6M

Self-storage
by in AZRE Magazine | Brokerage

Business Property Trust sold three self-storage facilities in Tempe for $8.6 million to two separate buyers, according to Cushman & Wakefield, the brokerage team on the transaction. California-based Tempe Choice Self-Storage paid $4.1 million for the AA Bargain I & II portfolio. The two facilities are located at 1700 E. Curry Rd. and 816 N. Scottsdale Rd. Between the two… Read More →

2 Scottsdale medical offices sell for $12.13M

Scottsdale medical offices
by in AZRE Magazine | Brokerage

A San Diego-based asset advisory firm purchased two North Scottsdale office buildings near Princess Drive and Hayden Road for $12.13 million, according to Cushman & Wakefield, the brokerage firm that worked on the deal. Phoenix-based Helix Properties LLC sold the two properties at 8322 E. Hartford Dr. and 8324 E. Hartford Dr. to Heritage Partners. The… Read More →

Midtown Phoenix apartment complex sells for $17.5M

Midtown Phoenix apartment
by in AZRE Magazine | Multi-Family

Midtown Phoenix apartment complex, Clarendon Park, sold for $17.5 million to Phoenix-based Rincon Partners LLC, according to Cushman & Wakefield. Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the buyer of  the 138-unit complex located at 222 W. Clarendon Ave., near Third Avenue and Indian School Road. Built in 2002, Clarendon Park offers… Read More →

Cushman & Wakefield joins office trend

Cushman & Wakefield
by in AZRE Magazine | Office

Cushman & Wakefield typically brokers deals for a tenant’s relocation to a new office space, but this time, the shoe was on the other foot. Following the $2 billion merger of Cushman & Wakefield and DTZ in September 2015, the firm’s Phoenix branch nearly doubled the size of its workforce and footprint in Arizona. Until… Read More →

Deer Valley Flight Center sold for $4.5M

Deer Valley Flight Center
by in AZRE Magazine | Brokerage

The Flight Center in Deer Valley at 615 and 625 W. Deer Valley Rd. was sold to Scottsdale-based KBP Realty Advisors for $4.5 million, according to Cushman & Wakefield, which worked on the deal. Bob Buckley, Steve Lindley, Tracy Cartledge and Ben Geelan with Cushman & Wakefield represented the seller, California-based Business Properties. Flight Center is a 33,451-square-foot,… Read More →

BKM buys industrial park for $17.2M

BKM
by in AZRE Magazine | Industrial

Fund management firm, BKM Capital Partners, acquired Northwest Business Center, an 11-building multi-tenant light industrial business park totaling 227,603 square feet in Phoenix, Arizona for $17.2 million. The business park is located at 2310-2440 W. Mission Ln., 9014-9034 N. 23rd Ave., and 9013-9033 N. 24th Ave. Phoenix, Arizona. Robert Buckley at Cushman & Wakefield represented the seller.… Read More →

Deer Valley industrial facility sells for $4.75M

Deer Valley
by in AZRE Magazine | Industrial

A Deer Valley industrial facility sold for $4.75 million to a Los Angeles-based company, according to Cushman & Wakefield. West End Hotel LLC purchased the 36,907-square-foot property at 1733 W. Parkside Lane in Phoenix from Phoenix-based Accutron Real Estate Holdings. Cushman & Wakefield’s Executive Directors Rick Danis, Kent Hanson and Paul Boyle represented the seller. Bob Broyles… Read More →

Offices near 16th Street and Glendale Avenue sell for $11.4M

Offices
by in AZRE Magazine

Pointe Business Plaza, a 103,672-square-foot multi-tenant office building near 16th Street and Glendale Avenue, was purchased by Bogle Family Realty LLLP for $11.4 million. The office building was 90 percent occupied at the time of the sale. The Burton Family Foundation sold the building to Bogle Family Realty. The office building is located less than one mile… Read More →