eric wichterman Archives

North Central office buildings in Phoenix sell for $10.4M

East Missouri Buildings

Cushman & Wakefield announced that Arizona-based East Missouri LLC has purchased the East Missouri Office Buildings for $10.4 million. Eric Wichterman, Mike Coover, Bob Buckley, Tracy Cartledge, Steve Lindley, Ben Geelan, Chris Toci and Chad Littell of Cushman & Wakefield’s Capital Markets Group negotiated the sale. East Missouri Office Buildings, located at 711 and 777… Read More →

DTZ sells Camelback office complex for $11.8 Million

Deal, WEB

DTZ, a global leader in commercial real estate services, has announced that Camelback 2929 Owner, LLC, a company formed by Beverly Hills, CA-based Andell Inc., sold 2929 Camelback for $11.8 million. The buyer was West Valley Properties, Inc. of Los Altos, CA. This was the first Arizona purchase for the privately held investor. 2929 Camelback is… Read More →

Kyrene Corporate Center sells to retail mortgage lender

Kyrene Corporate Center, CBRE

RMK Holdings, LLC has purchased Kyrene Corporate Center, a 30KSF building located at 9280 South Kyrene Road in Tempe. The sale price was $3.33 million. Kevin Calihan with CBRE’s Phoenix office represented Phoenix-based RMK Holdings. DTZ’s Eric Wichterman and Mike Coover represented the seller, Phoenix-based Kyrene 919280, LLC. “The metro office market continues to improve… Read More →

DTZ closes two medical office building sales

Fountain Hills Professional Plaza, dtz, web
by in AZRE Magazine | Brokerage | In The Spotlight

DTZ, a global leader in commercial real estate services, announced the $4.25 million sale of Harbor Shores Medical Center I, a multi-tenant medical office building located at 3921 E. Baseline Rd. in Gilbert. The buyer was Jabbel Holdings, LLC (Peter Coury and Mike Gustafson) of Garden Grove, Calif. Executive Managing Director Eric Wichterman and Senior… Read More →

Canadian investor buys Gateway Office Center

Gateway Office Center, Cassidy Turley, WEB

Cassidy Turley announced the $3 million ($95.06/psf) sale of Gateway Office Center located at 4130 E. Van Buren Ave. in Phoenix. Garnett Capital Corporate from Victoria, British Columbia, purchased the ±31,557 square foot property from Brentwood Gateway Center (Victorville, CA.). Cassidy Turley Executive Managing Director Eric Wichterman and Senior Vice Presidents Mike Coover and Gordon… Read More →

San Francisco investor buys St. Luke’s Medical building for $8.45M

555North18thStreet, Cassidy Turley, WEB

Cassidy Turley announced the successful sale of a ±49,816 square foot medical office building at 555 North 18th Street in Phoenix’s downtown submarket. San Francisco-based Stockbridge Funds purchased the St. Luke’s Medical property for $8.45 million ($169.62/psf) from Chicago-based Heitman Real Estate Investment Management. Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover… Read More →

California Investor Buys Motorcycle Mechanics Institute

2932 W Deer Valley, Cassidy Turley, WEB

Cassidy Turley announced the successful sale of a ±40,427 square foot Class B flex project at 2932 West Deer Valley Road in Phoenix’s Deer Valley Submarket. California-based Hyperion Fund L.P. purchased the property for $5.97 million ($148.00/psf) from California-based 2932 DVR LLC. Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover with Cassidy… Read More →

TradeCor purchases SAARS building for $2.1M

SAARS, WEB

Cassidy Turley announced the $2.1 million ($247.06/psf) sale of SAARS Building, a Class-B office building at 4221 N. Scottsdale Rd. in the Scottsdale, Ariz., submarket. Phoenix-based 4221 Scottsdale LLC / TradeCor LLC purchased the property from Scottsdale-based Scottsdale Area Association of Realtors (SAARS). Cassidy Turley Managing Director Mark Bramlett, Executive Managing Director Eric Wichterman and… Read More →

Motorcycle Mechanics Institute building sells for $6M in Deer Valley

MMIBuildingPR, WEB
by in AZRE Magazine | Brokerage | Featured

CBRE has completed the sale of the Motorcycle Mechanics Institute (MMI) Building located at 2932 W. Deer Valley Rd. in Phoenix. The 41,739-square-foot technical training facility commanded a sale price of $5.975 million. Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, 2932 DVR, LLC. The buyer, Hyperion Fund, LP, was represented… Read More →

Heart and vascular center purchases business park for $2.3M

Talavi Business Park

Cassidy Turley announced the $2.3 million ($98.12/psf) sale of Talavi Business Park, a Class B office development at 5810 West Beverly Lane in the Glendale Submarket. Ironwood Glendale, LLC purchased the property for from California-based Coneen Family Trust. Executive Managing Director Eric Wichterman and Senior Vice President Mike Coover with Cassidy Turley negotiated the transaction… Read More →

Cassidy Turley Completes $13.5 Million Sale of Camelwest Plaza

CAMELWEST_wichterman

Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold Camelwest Plaza, a 174,554-square-foot class B office property featuring two (2) four-story buildings at 1951 and 2001 West Camelback Rd. in Phoenix. 1128 Valencia Associates, LLC (Newport Beach, CA), advised by Apex Commercial Advisory (Brandt McCullough), purchased the property… Read More →