cushman wakefield Archives

New Jersey-based Cenlar FSB leases Tempe offices

Cenlar FSB
by in AZRE Magazine | Brokerage | Office

Cushman & Wakefield negotiated the lease for New Jersey-based Cenlar FSB, which took up an approximately 41,757-square-foot office at Warner Courtyards, located at 301 W. Warner Rd. in Tempe, Ariz. The landlord is Warner Courtyards, LLC; HRA Warner Courtyards, LP; Park 3020, L.L.C. and Park 3030 L.L.C. Cenlar’s expansion to Tempe comes in response to rapid growth… Read More →

Scottsdale and Pinnacle Peak Roads retail center sold for $47M

Scottsdale
by in AZRE Magazine | Brokerage | Retail

JLL Income Property Trust, an institutionally-managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), acquired a newly built Scottsdale retail center for $47 million. Silverstone Marketplace is anchored by a Sprouts Farmers Market, and the 78,000-square-foot property is 100 percent leased to a variety of national and regional tenants with a weighted average remaining lease… Read More →

Blandford Homes buys 12.6-acres in Mesa

Blandford Homes
by in AZRE Magazine

Mesa-based Blandford Homes was the winning bidder in a Flood Control District of Maricopa County land auction for 12.6-acres, according to Cushman & Wakefield. The master-planned community firm won the auction for the land with a bid of $1.76 million. The land purchase is located on the northeast corner of Loop 202 and McDowell Road in Mesa. Blandford… Read More →

8-building Phoenix office park sells for $7.5M

Phoenix office park
by in AZRE Magazine | Brokerage | Office

Cushman & Wakefield negotiated the $7.5 million sale of Arcadia Corporate Park, located at the northeast corner of McDowell Road and 48th Street. The Phoenix property was sold to California-based WLA Investment. Arcadia Corporate Park is an eight-building, multi-tenant industrial complex totaling 109,143 square feet. Built in 1981, the property features grade-level loading doors servicing each… Read More →

Gilbert retail center sells for $17.97M

Gilbert
by in AZRE Magazine | Brokerage | Retail

Cushman & Wakefield negotiated the sale of Lakeview Village, a grocery-anchored neighborhood shopping center located in the Morrison Ranch master-planned community, at the southeast corner of Elliot and Higley Roads in Gilbert, Ariz. for $17.97 million. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller, Lakeview Village Center, LLC, which is… Read More →

NAI Horizon reports $16.74M worth of sales, 11 lease transactions

123rf.com: feverpitched
by in AZRE Magazine | Brokerage

NAI Horizon recently announced several of its sales and leases that were finished by late July. During that time period, NAI Horizon reported $16.74 million worth of sales, and eleven lease transactions. Sale Transactions: Russ Warner negotiated the sale of a 20.09 AC Mobile Home & RV Park property, representing the seller, Destiny-Phoenix West, LLC,… Read More →

Downtown Tucson development creating Southern Arizona hotspot

An Aerial Shot of Downtown Tucson, Arizona

The recent rejuvenation of Tucson’s downtown district helps attract Millennials and outside interests to Southern Arizona where the climate is ripening for growth and economic development. “The climate is swinging towards a more predevelopment attitude and a lot of it has to do with the national economy,” said David Ollanik, Sundt Construction project director in… Read More →

AZRE names Most Influential Women in CRE for 2016

women

The 12 women who made AZRE’s Most Influential Women in Commercial Real Estate list are an extraordinary bunch. While that seems implied in the recognition, it’s something that goes beyond their professional achievements. Many of these women had to work their way through the ranks to a C-suite. One was a dealer in a casino.… Read More →

Meet us at the AZRE Forum

AZRE Forum_DSC_0906
by in AZRE Magazine | Events

As the summer months continue to bring the heat, AZRE magazine is doing the same with its commercial real estate mid-year update and forecast on Thursday, July 21 at the Camby from 3:30 p.m. to 6:30 p.m. The AZRE Forum will bring a panel of Arizona’s top commercial real estate experts, yielding in-depth discussions of economics, development… Read More →

Jon Zimmerman joins Cushman & Wakefield

Contractor
by in AZRE Magazine | Newsmakers

Nationally accredited architect Jon Zimmerman has joined Cushman & Wakefield‘s Project and Development Services (PDS) in the West as a Managing Director.   Zimmerman will be based in Cushman & Wakefield’s office in Irvine (Southern California). In his role as Managing Director he will be responsible for the firm’s PDS activities in the Los Angeles, Orange County, San Diego, Inland… Read More →

Report: Phoenix offices making biggest gains since 2006

Photo: eutoch / 123RF Stock Photo
by in AZRE Magazine | Office

A Cushman & Wakefield report showed the Metro Phoenix office market posted the largest midyear net gain since 2006, with just over 1 million square feet during second quarter 2016. At the 2016 midyear point, office vacancy in the Metro Phoenix office market stood at 18.0 percent, a 20-basis-point reduction from first quarter 2016, and an even more significant… Read More →

Tenant demand shows signs of cooling, report says

tempe
by in AZRE Magazine | Office

A recent report released by Cushman & Wakefield Thursday revealed tenant demand for U.S. office space slowed in the first half of the year as businesses recalibrate and react to global economic uncertainty. Despite the deceleration, vacancy remained steady and rents jumped to the strongest growth rate in seven years. The U.S. office sector absorbed 14.7… Read More →

NAI Horizon negotiates Planet Fitness lease

NAI Horizon
by in AZRE Magazine | Brokerage

NAI Horizon negotiated a long-term lease on behalf of the tenant, Planet Fitness, at 20924 N. John Wayne Pkwy. in Maricopa, Ariz. The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega and Retail Specialist Patrick Anthon represented PF Maricopa City LLC in the transaction totaling… Read More →

ViaWest Group sells Phoenix offices for $5.98M

UEI College
by in AZRE Magazine | Office

Cushman & Wakefield announced today that 9215 N. Black Canyon Highway in Phoenix sold by ViaWest Group for $5.98 million. Located in the Northwest Phoenix submarket, 9215 N. Black Canyon Highway is a two-story, 38,086 sf office building. At the time of sale the building was 100% leased to UEI College, which offers specialized, short-term focused… Read More →