cushman wakefield Archives

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 →

Chandler self-storage facility sold for $9.5M

Chandler self-storage
by in AZRE Magazine

Extra Space Storage purchased the StorQuest Self Storage facility, located at 2150 N. Arizona Avenue in Chandler, Ariz., for $9.5 million from Global Chandler 2150, LLC of Chandler, according to Cushman & Wakefield. Built in 1989 as a Target, the property was converted to a self-storage facility in May 2015 to offer 783 brand new, climate… Read More →

Park West retail center sells for $34.45M

Park West
by in AZRE Magazine | Retail

The 46-acre Peoria retail center anchored by a 14-screen Harkins Theatre, Park West, sold to an investment firm for $34.45 million, according to Cushman & Wakefield. The retail center is located at the northwest corner of Loop 101 and Northern Avenue in Peoria, and has many upscale tenants like Flemings Steakhouse, BJ’s Brewhouse, Grimaldi’s Pizza and… Read More →

40 Commercial real estate companies to watch in 2017

Arizona Center
by in AZRE Magazine

This year, experts still see Arizona as a hotspot for commercial real estate activity and development. While activity in other markets across the nation is starting to fizzle out, Arizona has yet to enter the ninth inning of the business cycle as a result of its slow and steady recovery following the recession. AZRE identifies… Read More →

Walmart anchored retail center sells for $41.3M

Walmart
by in AZRE Magazine | Brokerage

An entity owned by Goldman Sachs & Co. purchased the Walmart anchored Bethany Towne Center, located near Bethany Home Road and 35th Avenue in Phoenix, for $41.3 million, according to Cushman & Wakefield. Bethany Towne Center has 305,742 square feet of retail space and was 92.3 percent leased out at the time of the sale. Walmart makes… Read More →

2017 Outlook: Industrial absorption could see rise

industrial absorption
by in AZRE Magazine | Industrial

Industrial vacancy rates returned to single digits for the first time since the third quarter of 2007 and the Valley’s market is expected to remain hot. Cushman & Wakefield reports overall asking rent rates in the Phoenix Metro reached its highest rate of $0.56 since Q3 2009. According to the same report, 15 of the… Read More →

Purchased land near Mill Ave. planned for high-rise apartments

Downtown
by in AZRE Magazine | Brokerage | Site Selection

An investment firm plans to develop a high-rise apartment project at one of the two plots of land it purchased near Mill Avenue, according to Cushman & Wakefield who represented the sellers in the deal. Core Campus Investment Partners LLC purchased .75 acres at the southeast corner of Seventh Street and Mill Avenue in Tempe, along… Read More →

Sheila Bale and Ryan O’Connor join Cushman & Wakefield

by in AZRE Magazine

Sheila Bale and Ryan O’Connor have left Newmark Grubb Knight Frank, joining Cushman & Wakefield’s office healthcare division as managing director and senior director in the Phoenix office. Together, Bale and O’Connor bring 22 years of experience in the healthcare real estate market. They will be joining Tom Weinhold, managing director of the Phoenix office,… Read More →

Pima Crossing retail center sells for $46.15M

Pima Crossing
by in AZRE Magazine | Retail

Cushman & Wakefield negotiated the $46.15 million sale of Pima Crossing, a shopping center located on the northwest corner of Shea Boulevard and Pima Road in Scottsdale, Ariz. An entity formed by Los Angeles-based Karlin Real Estate purchased the property from Florida-based Regency Centers LP. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented… Read More →

Mixed-use project at University Drive and Forest Avenue sold

by in AZRE Magazine | Brokerage

Cushman & Wakefield negotiated the $15.24 million sale of the mixed-use development at the northwest corner of University Drive and Forest Avenue in Tempe, Ariz. to Minneapolis-based The Opus Group. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the seller, Sundt Companies of Tempe. The 115,325-square-foot development site, yet to be named, will include two… Read More →