Tag Archives: Don Morrow

Raising Canes, WEB

Glendale Raising Cane’s location sold

Marcus & Millichap, a commercial real estate investment services firm, announced the sale of Raising Cane’s, a 3,033-square foot net-leased property located in Glendale on Friday, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,550,000.

Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  Raising Cane’s is located at 7930 W. Bell Rd. in Glendale, Ariz.

Southern Ridge, Grass, WEB

Marcus & Millichap arranges sale of Southern Ridge

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announced Wednesday the sale of Southern Ridge, a 113-unit apartment property located in Mesa, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $6,510,000.

Pete Te Kampe, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the sellers, which comprised multiple individuals and entities.  John Kobierowski, of ABI Multifamily is the broker who represented the buyer in the transaction.  This transaction represents Te Kampe’s second fragmented condominium reversion sale this year and the fourth overall he has listed and closed.   Southern Ridge is located at 214 North Gilbert Road in Mesa, Ariz. The property was built in 1985 comprises 113 units.

Brakes Plus, WEB

Brake Plus buys 5KSF in Peoria

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Brakes Plus, a 5,128-square-foot net-leased property located in Peoria, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,735,000.

 

Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

 

Brakes Plus is located at 8380 W. Deer Valley Rd. in Peoria.

Alvarado Apartments

Alvarado Apartments sell in Phoenix

Marcus & Millichap announced the sale of Alvarado Apartments, a 10-unit apartment property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $425,000.

Chris Lake, Brian Tranetzki, and Richard Butler, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.

Alvarado Apartments is located at 376 East Alvarado Road in Phoenix. This single-story, block constructed apartment community was built in 1958 and consists of six well designed one-bedroom units at 600 square feet and four two-bedroom units at 775 square feet. The subject property is individually metered for electricity, has pitched asphalt shingle roof and has individual water heaters located in the units. The buyer took advantage of this opportunity to purchase one the few remaining non-renovated multifamily properties in the downtown area. Due to its location and close proximity to some of the most preeminent attractions in central Phoenix, this property is a prime candidate for the buyer to reposition.

Salad to Go, Marcus Millichap, WEB

Marcus & Millichap leases 700 SF for $1.2M

Marcus & Millichap announced the sale of Salad and Go, 20-year lease, a 700-square-foot net-leased property located in Gilbert, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.

The asset sold for $1,175,700.

Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, an individual/personal trust, was secured and represented by Anh Stovall and J.J. Taughinbaugh, investment specialists in Marcus & Millichap’s Palo Alto, Calif., office.

Salad and Go is located at 910 S. Cooper Rd. in Gilbert.

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Marcus & Millichap Arranges Sale of 800 SF Net-Leased Property

image006Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Starbucks, a 800-square foot net-leased property located in Mesa, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,415,000.
Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Starbucks is located at 2010 West Guadalupe Road in Mesa, AZ.  This is a drive-thru location only with no interior seating.  Starbucks is the largest coffeehouse company in the world, with 18,000 stores in 60 countries.

About Marcus & Millichap:
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

Voit - Eva Bates

Voit's Phoenix Office Expands Its Asset Services Division

As part of a strategic effort to grow its asset and property management services, Voit Real Estate Services’ Phoenix office added Eva Bates as a Property Manager, according to Don Morrow, Managing Director of Voit’s Phoenix operations.

Coinciding with the addition of Bates, Voit has taken on an additional 1 MSF of management assignments in the Phoenix market, including a portfolio owned by Capital Commercial Investments which encompasses more than 736,000 SF in Maricopa County.

“The addition of both Eva and these new assignments is well-aligned with our strategy to continue to grow our full-service platform, which includes asset and property management for both distressed and stabilized properties,” Morrow said.

“One major difference at Voit is that our team understands real estate from an owner’s perspective. Eva’s skills are well-aligned with this distinction, as she has experience working within ownership groups, and brings an owner’s perspective to her management.”

Bates brings with her more than 17 years of experience in the commercial real estate industry, specializing in property management, construction management, tenant relations, leasing, and lease administration.

Before joining Voit, Bates served as a senior property manager for three years at Grubb & Ellis where she managed medical, office, and industrial properties. Prior to her tenure with Grubb & Ellis, Bates served as district manager at SARES-REGIS Group where she was responsible for managing the firm’s Arizona portfolio, totaling 1.7 MSF.

Earlier in her career, Bates gained her expertise in property management at PM Reality Group as a General Manager for the Phoenix City Square – a 1 MSF commercial office and retail project. In this role, she was responsible for daily management operations, including the coordination of capital renovation projects and tenant improvements, as well as management of office, engineering, and custodial staff.

Bates attended Meredith College in Raleigh, N.C. She is a certified Arizona Department of Real Estate Licensee, and is a member of the Building Owners and Managers Association (BOMA).