cushman wakefield Archives

Walgreens anchored shopping center sells for $14.75

Walgreens
by in AZRE Magazine | Retail

Cushman & Wakefield negotiated the sale of Bell Tower Village, a Walgreens anchored community shopping center located on the southeast corner of Bell Road and 51st Avenue in Glendale, Ariz., which sold for $14.75 million. New Bell Tower LLC – a company formed by DPC Development Company, purchased the shopping center. Cushman & Wakefield Executive Managing… Read More →

Developers buy North Scottsdale land occupied by LA Fitness

North Scottsdale land
by in AZRE Magazine | Brokerage

Fenix Development purchased the land occupied by LA Fitness, located at 13220 N. Scottsdale Rd. in Scottsdale, from Bayport Scottsdale Road Associates, LP for $9.85 million, according to Cushman & Wakefield. The Cushman & Wakefield team of Brent Moser, Mike Sutton and Brooks Griffith represented the Fenix Development. Fenix Development is the developer of the Watermark… Read More →

GPEC renews lease at Renaissance Square

GPEC
by in AZRE Magazine | Brokerage

Hines, the international real estate firm, announced it has renewed a long-term 11,976-square-foot lease for the Greater Phoenix Economic Council (GPEC) at Renaissance Square in Phoenix. GPEC, which has been in Renaissance Square since its inception, will continue occupying its space on the 25th floor. The organization renewed an 8-year lease and is updating the office into a… Read More →

What land development trends and issues will we see in 2017?

land development trends
by in AZRE Magazine

In “A Tale of Two Cities,” “It was the best of times, it was the worst of times.” A 2017 preview of land development for Phoenix and outlying regions may not be as dramatic as being best or worst, but it assuredly is a tale of two markets. Residential land development will call the shots… Read More →

Brokers picked for 18-acre Tempe bio and tech hub

Tempe
by in AZRE Magazine | Brokerage

The Boyer Company, in partnership with SmithGroupJJR and Okland Construction, has awarded Cushman & Wakefield the marketing and leasing assignment for TCA Technology Park, a planned 18-acre biomedical and technology campus in Tempe, Ariz. Cushman & Wakefield Directors Mark Stratz and Scott Baumgarten have the lease assignment for Tempe’s first biomedical and technology campus. “The Boyer Company and the members… Read More →

EverWest sells Great American Tower to DPC Companies

great-american-tower-online
by in AZRE Magazine

EverWest Real Estate Partners and American Realty Advisors have completed the sale of the Great American Tower, a landmark high-rise office building at 3200 N. Central Ave., in the heart of Phoenix’s Midtown office submarket for $49 million. Great American Tower, acquired in 2007, has been recapitalized and improved with a series of upgrades that, among other things, have… Read More →

Parallel acquires Class A Scottsdale office complex for $20M

Kierland Corporate Center is a Class A office complex spanning 78,273 square feet on 3.4 acres. (Photo courtesy of Parallel Capital Partners)
by in AZRE Magazine | Office

Adding to its growing Arizona portfolio, San Diego-based Parallel Capital Partners acquired Kierland Corporate Center – a Class A office complex at 7033 E. Greenway Pkwy. in Scottsdale – for $20 million. Cushman & Wakefield represented the seller and JLL represented Parallel in the deal. Spanning 78,273 square feet on 3.4 acres, the property – acquired from Bataa/Kierland II, LLC –… Read More →

Class A Chandler tech center sells for $8.8M

tech center
by in AZRE Magazine | Brokerage

Canada-based Wexford Developments purchased a 74,525-square-foot, Class A flex/R&D building in Chandler for $8.8 million from ViaWest Group, according to Cushman & Wakefield. Steve Lindley, Bob Buckley, Tracy Cartledge and Ben Geelan with Cushman & Wakefield represented ViaWest Group for the sale of the building, which is located at 6825 W. Galveston St. in Chandler. “Buyers are currently attracted to… Read More →

2016 TOBY Award winners announced

TOBY Award

This year’s BOMA Greater Phoenix TOBY Awards were presented on Nov. 4 at the Arizona Biltmore, which are among the highest honors bestowed by the association. 2016 TOBY Award winners:   Photos courtesy of BOMA Greater Phoenix The annual association awards recognize quality of buildings and excellence in building management. Buildings are judged on all… Read More →

Cushman & Wakefield negotiates $60M apartment sale

Cushman & Wakefield
by in AZRE Magazine | Multi-Family

A Phoenix Class A luxury apartment community, Broadstone Sixteen 75, sold to an entity formed by San Diego-based ConAm Asset Management Corporation for $60 million, according to Cushman & Wakefield. Cushman & Wakefield Executive Managing Directors David Fogler and Steven Nicoluzakis of the Phoenix office represented the seller, a limited partnership formed by Phoenix-based Alliance Residential, of the 225-unit apartment… Read More →

NAIOP Arizona announces mentor program protégés

NAIOP Arizona
by in AZRE Magazine

The 2016-2017 NAIOP Arizona Developing Leaders Mentor Program protégés have been announced, and the 16 young professionals come from all corners of the Valley’s commercial real estate industry. Each protégé was selected to participate in the year-long program in which they will attend educational seminars and complete a full scale development project by the end… Read More →

NAIOP-AZ board elects news officers and board members

nonprofit board member
by in AZRE Magazine | Newsmakers

The Arizona chapter of NAIOP, the commercial real estate voice for the state, elected its 2017 officers and board members at its annual board meeting held November 1. The 2017 NAIOP-AZ officers are Chairman of the Board Larry Pobuda, Opus Group; Vice Chairman Matt Mooney, Cousins Properties; Programs Chair Andrew Cheney, Lee & Associates; and… Read More →

One Scottsdale marketing assignment awarded to Cushman & Wakefield

One Scottsdale
by in AZRE Magazine | Brokerage

DMB, in partnership with Macerich, has awarded Cushman & Wakefield the marketing assignment for the nearly 14-acre, mixed-use commercial core of One Scottsdale in Scottsdale, Ariz. Cushman & Wakefield Land Division Executive Managing Director Brent Moser, Senior Vice President Michael Sutton, Associate Brooks Griffith and Retail Division Vice President Brent Mallonee have the sale assignment for the mixed… Read More →

Senior living facility plans announced for uptown Phoenix

uptown phoenix
by in AZRE Magazine | Site Selection

Scottsdale-based Solterra Senior Living leased 1.93-acres at Third Avenue and Indian School Road in uptown Phoenix, with plans to build a 164-bed assisted living facility, according to Cushman & Wakefield. The land where the facility will go is Located on the southwest corner of Third Avenue and Indian School Road in a vacant lot behind a QuikTrip gas… Read More →