cushman wakefield Archives

301-unit apartment community in Phoenix sells for $12.7M

by in AZRE Magazine | Brokerage

Cushman & Wakefield announced the $12,742,000 sale of La Reserve at Forty-Fifth, a 301-unit apartment community located at 2627 N. 45th Avenue in Phoenix, to Phoenix-based Jevan Capital, PLLC. Brett Polachek and Jim Crews from the Cushman & Wakefield Phoenix office represented the seller, CEGOP-PHX 1, LLC of Fort Collins, Colo. Built in 1972, La… Read More →

Cushman & Wakefield sells The Vig Fillmore for $2.3 million

by in AZRE Magazine

Cushman & Wakefield announced that The Vig Fillmore, located at 606 N. 4th Avenue in Phoenix, has been sold for $2.3 million to 4th & Fillmore Place, LLC. The owners sold the property as a long-term sale leaseback and will continue to occupy the space.  Cushman & Wakefield Senior Director Chris Hollenbeck represented the seller.… Read More →

JLL completes $81.75M sale of Camelback office building

by in AZRE Magazine | Office

The Phoenix office of JLL today announced the sale of 3131 and 3133 Camelback on behalf of TR Camelback Corp. The two-building, Class A office property is in the heart of the Camelback Corridor, which has enjoyed an average 93 percent occupancy rate since its delivery to market in 1998. Archon Acquisition LLC, a Goldman Sachs company,… Read More →

Ocotillo Springs in Chandler sells for $40 million

by in AZRE Magazine | Multi-Family

On behalf of San Francisco-based Fowler Property Acquisitions, LLC, Cushman & Wakefield recently negotiated the purchase of Ocotillo Springs, a 272-unit community located at 825 West Queen Creek Road in Chandler, Ariz., for $40.5 million. Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis of the Phoenix office represented the buyer. The seller… Read More →

Fenix Development breaks ground on Tempe project

Fenix Development, a Los Angeles-based real estate investment and development company, has broken ground on Phase I of The Watermark | Tempe at the north bank of Tempe Town Lake. Phase I, of the 1.9 million-square-foot mixed-use development, will include 250,000 square feet of premium Class A office space, 44,000 SF of high-end restaurant and boutique retail service… Read More →

Upcoming Chandler Airpark secures first two tenants

Chandler Airpark
by in AZRE Magazine | Brokerage

Chandler’s newest industrial development by California-based Silagi Development & Management (SDM) welcomed its first two users to the park upon completion of the development, Chandler Airpark. The DeMichele Group, a provider of software and equipment for the fenestration industry, acquired Building B totaling 17,149 square feet at 2110 S. Douglas Dr. California-based labor law poster All In One… Read More →

Wine distributor buys Phoenix facility for $20.5M

Wine distributor
by in AZRE Magazine | Brokerage | Industrial

On behalf of Young’s Market Company of Arizona, a family-owned distributor of wines, spirits and select beverages, Cushman & Wakefield recently negotiated the purchase of 402 S. 54th Place in Phoenix for $20.5 million. The seller was Los Angeles-based Barley Equites V LLC. Andy Markham, SIOR, Will Strong, Mike Haenel and Phil Haenel of Cushman & Wakefield represented Young’s Market Company of Arizona. The team represented Young’s in previous site selections, including the… Read More →

Homebuilder pays $3.5M for 18 acres in sought-after submarket

Cushman & Wakefield announced that CRG Financial Partners, LLC sold 18.1 acres at the southeast corner of Loop 303 and El Mirage Road in Maricopa County for $3.5 million to Scottsdale-based AV Homes of Arizona, LLC. Brian Rosella of Cushman & Wakefield represented the seller. AV Homes of Arizona, the developer and builder of active… Read More →

Scottsdale Airpark property sells for $8.6M

by in AZRE Magazine | Brokerage

Cushman & Wakefield completed the sale of Monark Center at 15500 N. Greenway-Hayden Loop in Scottsdale for $8.65 million. Private investor Max H. Baril purchased the property The buyer was Max H. Baril, a private investor. The seller, Enright Capital of Calgary, Alberta, was represented by Tracy Cartledge, Bob Buckley, Steve Lindley and Ben Geelan of… Read More →

NAI offices negotiate $9.675M purchase of retail properties

by in AZRE Magazine

The NAI Puget Sound Properties and NAI Horizon Investment Sales teams of Senior Vice Presidents Wyk Parker, Lane Neville, and Barbara Lloyd represented the buyer in the $9.675 million acquisition of two retail buildings at Litchfield Marketplace.      The new retail property is anchored by Fry’s Marketplace and Ace Hardware. The anchored center is… Read More →

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 →