Cushman & Wakefield of Arizona Archives

Gracie Barra Jiu Jitsu school signs long-term lease

Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space. Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term… Read More →

Dwell Apartment Homes sell for over $14M

Cushman & Wakefield of Arizona, Inc. completed the $14.275 million sale of Dwell Apartment Homes, 1923 N. 70th St. The complex was constructed as two separate projects 1963 and 1975. They were later unified as one apartment complex. The recently renovated Dwell Apartment Homes development contains 193 modernized apartment units totaling 22,455 square feet ($116.35… Read More →

C&W negotiates long-term lease for telemarketing company

Cushman & Wakefield of Arizona, Inc. negotiated a long-term sublease for DialAmerica Marketing, Inc. at Riverpoint, located at 3100 E. Broadway Rd. The transaction is for a new DialAmerica call center in the Valley. DialAmerica, headquartered in Mahwah, N.J., will occupy 50,267 square feet of office space at Riverpoint Building No. 2. The company’s lease… Read More →

Cushman & Wakefield negotiate lease for HPOne

Cushman & Wakefield of Arizona, Inc. negotiated a 19,015-square-foot lease for HPOne at Reserve at San Tan, Phase I, located at 275 E. Germann Road. HPOne, headquartered in Trumbull, Conn., will now have two offices in the Valley. It currently operates a Phoenix office off the Black Canyon Highway.  Founded in 2006, HPOne is a… Read More →

John Kirby joins Cushman & Wakefield of Arizona

by in AZRE Magazine | Newsmakers

John Kirby has joined the Valuation & Advisory group at Cushman & Wakefield of Arizona, Inc. as Director. Kirby has 11 years of experience in commercial real estate appraisal-related work, including litigation support. He previously worked at CBRE, where he was a Senior Appraiser for six years. Kirby also was a commercial appraiser with the… Read More →

Papago Buttes Corporate Plaza expands lease

Cushman & Wakefield of Arizona, Inc. recently negotiated a lease expansion for Western Refining at Papago Buttes Corporate Plaza, located at 1250 W. Washington St.  The expansion results in the company occupying an entire four-story, 105,000-square-foot building. Western Refining has agreed to lease 17,723 square feet of additional space on the fourth floor of the… Read More →

Cushman & Wakefield negotiates $2.85M sale

by in AZRE Magazine | Featured

Cushman & Wakefield of Arizona, Inc. completed the $2,825,000 million sale of the Charter Palms Apartments, 1220 N. 44th St. The complex was constructed in 1974 and contains 74 apartment units totaling 60,400 square feet ($46.77 PSF).  The property, which includes five buildings, is 69 percent occupied. Plaza de Vista, LLC of Tempe purchased the… Read More →

ICSC Member Profile: Courtney Auther

by in AZRE Magazine | Business News

Courtney Auther Associate Director Cushman & Wakefield Years with company: 2 Years as ICSC member: 9 What is the biggest issue facing shopping center real estate? We’ve seen a few larger tenants close or downsize their business due to the competition of internet sales and a decrease in consumer spending. This left many big boxes… Read More →

Griffin Capital New Lease REIT Acquires $54.5M Corporate Campus In Phoenix

by in Brokerage | Business News | Investment

  Griffin Capital Essential Asset REIT of El Segundo, Calif., paid $54.5M for a two-building office campus in Northwest Phoenix, according to Chris Toci, Executive Director with Cushman & Wakefield of Arizona, Inc. The 232,648 SF buildings at 25500 and 25600 Norterra Parkway are fully occupied by a Fortune 500 company. The two buildings are… Read More →

Griffin Capital REIT Acquires Avnet Global Solutions Building For $32.5M

  Cushman & Wakefield of Arizona announced the sale of 6700 W. Morales Place in Chandler, an industrial facility that houses Avnet Global Solutions. The purchase price was approximately $32.5M. Cushman & Wakefield Executive Director Christopher E. Toci represented the seller, Fort Properties of Los Angeles and procured the buyer, Griffin Capital Essential Asset REIT… Read More →

Larry Downey Named Vice Chairman at Cushman & Wakefield

Larry Downey
by in Newsmakers

Cushman & Wakefield announced Larry Downey has been named Vice Chairman, a title reserved for an elite few throughout the firm’s worldwide offices. The distinction marks the first time in the 25-year history of the company’s Phoenix office that an individual has been assigned that designation. “The Vice Chairman title honors Cushman & Wakefield professionals… Read More →