cushman wakefield Archives

Arcadia Village Shopping Center sells for $19.65M

Arcadia Village Shopping Center
by in AZRE Magazine | Retail

Cushman & Wakefield announced Tuesday the purchase of Arcadia Village Shopping Center, a CVS pharmacy-anchored, retail center located on the southwest corner of Camelback Road and 40th Street for $19.65 million. The shopping center is located in Phoenix’s Arcadia neighborhood. Cushman & Wakefield Executive Managing Directors Ryan Schubert and Michael Hackett represented the seller, Arcadia Retail, LLC. “Arcadia… Read More →

New America School opens first Phoenix facility

New America School
by in AZRE Magazine | Education

Daum Commercial Real Estate Services negotiated the $1.3 million purchase by New America School of a 14,000-square-foot facility and parking lot on 2.26 acres at 3024 E. Fillmore St. in Phoenix. The Daum Phoenix team of Bob Lundstedt, Chris Rogers and Trevor McKendry represented the buyer, New America School. The seller was Vicki A. Romero High School… Read More →

JPI Companies acquires 10.79 acres for $11.28M

Rendering of the project on Chandler Blvd. & McClintock Rd.
by in AZRE Magazine | Multi-Family

Cushman & Wakefield announced Wednesday that JPI Companies acquired a ±10.79 acre permit-ready, 283-unit multifamily development site at the northeast corner of Chandler Boulevard and McClintock Road in Chandler for $11.28 million, $39,859 per unit. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented JPI Companies of Irving, Texas… Read More →

Phoenix-based investor purchases New Mexico apartments

123rf.com: Vadim Guzhva
by in AZRE Magazine | Multi-Family

Cushman & Wakefield announced, Monday, that 176-units of the Casas De Soledad apartment project in New Mexico have been sold to an Arizona investor. Phoenix-based Clear Sky Capital (Marcus Kurschat-Principal) purchased 176 units of the apartment development. The remaining 80 units were individually sold at an earlier date. The apartment complex was built in 2004 and is… Read More →

Mirage Estates acquires Scottsdale offices

Office Productivity, Interior Design
by in AZRE Magazine | Office

Cushman & Wakefield announced, Wednesday, that Mirage Estates, LLC purchased a 12,585 square-foot single-story office project at 15876 N. 76th St. in Scottsdale for $1.7 million. The new owner plans to occupy 8,855 square-feet of available space operating as Artisan Cinema & Sound. The property has an in-place tenant, RUHL Forensic that will continue to occupy the remaining… Read More →

Cushman & Wakefield negotiates sale of 2 industrial buildings

Phoenix industrial
by in AZRE Magazine | Industrial

Cushman & Wakefield announced, Wednesday, that Scottsdale-based 9024 Bahia sold two multi-tenant flex industrial buildings at 9024 and 9048 E. Bahia Dr. in Scottsdale for $3.1 million. The buyer was Devil Digs Properties, LLC, which will operate as Lusso Auto Group. Michael Kitlica with Cushman & Wakefield represented the seller in the transaction, Bahia 9024, LLC. Randy Shell… Read More →

Sycamore Square Apartments in Mesa Sell for $9.95 Million

Photo: violin / 123RF Stock Photo
by in AZRE Magazine | Multi-Family

Commercial real estate services firm Cushman & Wakefield announced, Monday, that Sycamore Square Apartments at 1120 S. Sycamore Dr. in Mesa, has been sold to an Oregon-based investor for $9.95 million. The 120-unit apartment complex contains 103,200 square feet of space and is currently 94 percent occupied. Built in 1978, the project is located near… Read More →

Mark-Taylor Development buys 20 acres in Mesa

Mark-Taylor Development
by in AZRE Magazine | Multi-Family

Commercial real estate services firm Cushman & Wakefield announced, Thursday, Mark-Taylor Development, Inc. acquired 20 gross acres from Crisko, LLC for $5.4 million. The Arizona-based developer announced plans to build a 346-unit apartment complex at the site on the southeast corner of U.S. Highway 60 and Greenfield Road in Mesa. The Cushman & Wakefield team… Read More →

IO acquires 9 acres adjacent to Sky Harbor Airport

iodatacenter
by in AZRE Magazine | Brokerage

Cushman & Wakefield, a global leader in commercial real estate services, announced today that IO has acquired 9.08 acres at the northeast corner of 48th and VanBuren streets near Sky Harbor International Airport for $8.55 million. The company plans to build the country’s largest renewable-powered data center with an estimated investment of more than $500… Read More →

Cushman & Wakefield negotiates leases for 2 companies

123rf:  Andriy Popov
by in AZRE Magazine | Office

Commercial real estate services firm Cushman & Wakefield negotiated two headquarters leases in the North Phoenix and South Scottsdale. HollyFrontier will house its Arizona Regional Headquarters at Desert Ridge Corporate Center and Tri-Continental Truck Brokerage, Inc. will have its corporate headquarters at Hayden Professional Park in Scottsdale. Cushman & Wakefield Vice President Justin Himelstein represented both… Read More →

Cushman & Wakefield predicts positive results for 2016

economy
by in AZRE Magazine

Cushman & Wakefield, a commercial real estate services firm, released its U.S. Macro Forecast, which predicts positive economic results for 2016 despite early year stock market jitters. Worries about China and oil prices caused stock markets around the world to stumble, leaving the Dow Jones and S&P 500 both nearly 9 percent lower at the end… Read More →

ARM signs lease for Arizona operations in Chandler

ARM
by in AZRE Magazine | Brokerage | Office

Cushman & Wakefield, a commercial real estate services firm, announced, Monday, that ARM Inc. leased a 13,275 square-foot space for its new Arizona operations at The Park at San Tan in Chandler. ARM, headquartered in Cambridge, England, is a semiconductor intellectual property supplier. ARM licenses intellectual property to a network of partners, which includes the world’s… Read More →

Wells Fargo sells Tempe office building for $6.25M

Sold Sign
by in AZRE Magazine | Office

Well Fargo sold its office building near Broadway Road and Roosevelt Street in Tempe for $6.25 million to Evergreen Devco. The bank secured a short-term lease to continue occupancy of the 75,000-square-foot building. Senior Directors Don T. Rodie and Jim Crews of Cushman & Wakefield negotiated the sale and lease on behalf of Wells Fargo.… Read More →

Former Giant Industries offices sold for $8.5M

123rf.com: Jakub Jirsak
by in AZRE Magazine | Office

The former Giant Industries corporate headquarters sold for $8.5 million to an investor who plans to convert the property into an assisted living facility. Generations at Pinnacle Peak, LLC of Grand Haven, MI, acquired the property, which is located at 23733 N. Scottsdale Rd., from United Insurance Co. of America, a company formed by Kemper… Read More →