cushman wakefield Archives

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 →

Roosevelt Business Park sells for $14.9M

Roosevelt Business Park
by in AZRE Magazine | Brokerage

The Roosevelt Business Park, a four-building industrial park near Roosevelt Street and 75th Avenue , was sold to California-based WLA Realty Group for $14.9 million. Cushman & Wakefield Senior Vice President Gary Anderson, Senior Managing Directors Paul Boyle and Rick Danis, along with Associate Mike Gilbert negotiated the sale transaction. WLA Realty Group bought the… Read More →

Grove at Black Canyon sells for $14.3M

Arizona Commercial Real Estate Development
by in AZRE Magazine | Brokerage

Cushman & Wakefield, a global leader in commercial real estate services, announced Thursday that a California-based investor has purchased The Grove at Black Canyon in the Interstate 17 corridor for $14.5 million. The Grove at Black Canyon, located at 11001 N. Black Canyon Highway, was built in 1986 and renovated in both 2009 and 2013.… Read More →

Camelback Uptown retail space sells for $1.78M

Photo by Robin Sendele, Az Big Media
by in Blogs

Cushman & Wakefield has sold Camelback Uptown, located at 51 and 101 E. Camelback Rd. in North Central Phoenix, for $1.78 million. The transaction includes a land lease and the retail improvements for a Bank of America branch and Sauce restaurant. Cushman & Wakefield Senior Director Greg Valladao represented the buyer, 1058 Munras Properties, LP… Read More →

Kent Circle Investments experiences new management

IMG_3244.jpg
by in AZRE Magazine | Construction

Kent Circle Investments, owner of Tucson’s largest commercial building, has made a change in their onsite property management program. Cushman & Wakefield | PICOR has been hired to manage 5151 E. Broadway and 250 S. Williams comprising 369,075 SF of office space, effective January 1st, 2016. “The decision to work with Cushman & Wakefield |… Read More →

Buchanan Street buys 200K SF Scottsdale building

123rf.com: feverpitched

Buchanan Street Partners has purchased Paradise Valley Corporate Center, a 198,000-square-foot office building at 4835 East Cactus Road in Scottsdale, Arizona. The acquisition increases Buchanan Street’s real estate investment holdings in the Greater Phoenix area to more than 1 million square feet as the firm continues to expand its Arizona portfolio. Terms of the sale were not disclosed. “We continue… Read More →

Wentworth purchases Tempe industrial building for $3.6M

university

Cushman & Wakefield announce that Phoenix-based Wentworth Property Company (“WPC”) purchased a ±42,281 square foot industrial property at 2077 E. University Drive in Tempe, AZ for $3.6 million. The seller was Essex Scot, LLC of Riverside, CA. Andy Markham, SIOR, Mike Haenel, Will Strong and Phil Haenel of Cushman & Wakefield negotiated the sale transaction… Read More →

Reywest Commerce Center in West Phoenix sells for $6M

Reywest

Cushman & Wakefield announced the $6 million investment sale of Reywest Commerce Center, a ±85,739 square foot industrial building at 3949 W. Van Buren St. in Phoenix. The buyer was Exeter Exeter Property Group from Plymouth Meeting, PA. Will Strong, Andy Markham, SIOR, Mike Haenel and Phil Haenel of Cushman & Wakefield negotiated the sale… Read More →

A-1 Garage Doors Relocates and Expands in Tempe

A-1 Garage Door
by in Blogs

Cushman & Wakefield announced that A-1 Garage Door Services has relocated to 2405 W. University Dr. in Tempe in order to expand its operations in the Valley. The company subleased 16,675 square feet of space at Park Lane North, an industrial facility located in Northwest Tempe. This lease more than doubles A-1 Garage Door Services’… Read More →

Tom Johnston joins Savills Studley’s Phoenix office

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

Savills Studley has hired commercial real estate industry veteran Tom Johnston as a Senior Managing Director in its Phoenix office.  This key new hire builds on the recent aggressive recruitment success Senior Vice President and Branch Manager Tiffany Winne has been spearheading locally. Johnston will focus his efforts on serving the Greater Phoenix area, using his strong… Read More →

The Monroe Building leases 100% of retail space

Photo: Conceptual images only, not a rendering/ The Monroe Building

Downtown Phoenix’s Monroe building—111 W. Monroe Street—is now 100% leased with an all local mix of street-level retail and restaurants. The ownership team at 111 W. Monroe, in concert with retail real estate brokerage team Courtney Auther Van Loo and Brian Kocour at Cushman & Wakefield carefully curated a dynamic mix of retail, creating an… Read More →