Tag Archives: Inc.

Superstition Commerce Park, Courtesy of Cassidy Turley

Verde Investments buys Superstition Commerce Park

Cassidy Turley has announced the sale of Superstition Commerce Park, a 15.97-acre industrial project west of the northwest corner of U.S. Highway 60 and Sossaman Road. Phoenix-based Verde Investments, Inc. purchased the property for $8.8 million from Delta SCP, LLC. The buyer is an owner/user and plans to occupy the project.

Cassidy Turley Executive Managing Directors Andy Markham, SIOR, and Mike Haenel and Vice President Will Strong negotiated the transaction on behalf of the seller. Lee & Associates represented the buyer.

Superstition Commerce Park includes two existing buildings and ±5.49 acres of fully improved land for future expansion. The existing buildings are a ±49,438 square foot back office building at 7457 East Hampton Avenue and a ±57,793 square foot flex/industrial building at 7465 East Hampton Avenue.

Topgolf.1

Topgolf’s Topgolf U Redefines Golf Lessons

Golf entertainment leader Topgolf International, Inc. today launched Topgolf U, a new golf instructional program developed to help grow the game. With lessons starting at $20, Topgolf® aims to attract a wide audience of player hopefuls, from juniors to adults and novices to experts.

Topgolf U combines the fun, high-energy environment of Topgolf with world-class, PGA-certified instructors using the latest mobile video technology from Ubersense to analyze and improve players’ swings. The lessons are being offered at all 10 existing Topgolf locations across the United States. The four types of Topgolf U lessons available include:

• Social Lessons – Priced at $20 for adults and $15 for youth, these 20-minute sessions are offered to anyone in a Topgolf bay who wants just a few quick tips. A video analysis of the student’s swing is emailed at the end of the lesson and is available for sharing on Facebook, Twitter and YouTube.

• Private Lessons – These hour-long sessions feature one-on-one instruction with a golf pro. Topgolf has partnered with sports app leader Ubersense to provide slow-motion video swing analysis. At Topgolf, the flight path of the ball is not simulated – instead, players get to see exactly where every shot lands.

• Weekly Clinics (Player Development Series) – Small group lessons, conducted once per week for four consecutive weeks, bring together players at similar skill levels. Topgolf provides separate development series lesson plans for each level as well as for juniors and ladies.

• Group/Event Lessons – Perfect for corporate entertainment or social parties, this special add-on offers professional instruction as part of the Topgolf private event experience.

“Topgolf is unlike anything else in the golf world, and we wanted to make the lesson experience just as remarkable,” said Topgolf Director of Strategic Partnerships Rodney Ferrell. “By combining the buzzing atmosphere of Topgolf with some of the finest teaching pros in the world using the latest technology, we’ve truly redefined the golf lesson. Put simply, Topgolf is making golf affordable, easy to learn and – most important – fun.”

Topgolf is the only entertainment center of its kind, offering competitive golfing games for all ages and skill levels and advanced technology to track the accuracy and distance of players’ shots. With climate-controlled hitting bays, Topgolf allows fans to enjoy playing the game year-round. The concept has been especially popular among the millennial generation, with more than half of its guests between the ages of 18 and 34. In July, Topgolf was recognized on HBO’s Real Sports with Bryant Gumbel for helping revitalize golf.

Today, Topgolf employs up to three golf professionals at each location. The company has pledged to cover the costs associated with each professional’s PGA dues and certification process.

“The introduction of Topgolf U is one of the most important things this company has ever done,” said Topgolf CEO Ken May. “The program symbolizes our commitment to spreading the love for the game of golf and making it more accessible to people of all ages and backgrounds. We look forward to expanding Topgolf U and other programs like our Summer Academy for kids, our offerings for high school golf teams, and more. This is just the beginning of the golf programming Topgolf plans to offer.”

For more information regarding Topgolf U, visit www.topgolf.com/lessons.

Lion's Ridge Apartments

NorthMarq arranges $21.4M loan for Lion’s Ridge Apartments

John Kinser, vice president and Luke Donahue, senior vice president of NorthMarq Capital’s Phoenix office collaborated with David Link, senior vice president/senior director of NorthMarq Capital’s Denver office to secure a $21,377,000 construction loan for Lion’s Ridge Apartments, a 114-unit, workforce housing, multifamily development located at 1280 North Frontage Road, Vail, Colorado. NorthMarq arranged the transaction for the borrower, Gorman, Inc., through its relationship with TCF Bank.

Freeport Distribution Center

Freeport Industrial Center reaches full occupancy

Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease  at Freeport Industrial Center, 5502 W. Buckeye Ave.   Elontec, an award-winning, woman-owned office furniture, relocation and cabling company, will consolidate its operations and relocate its corporate headquarters to the property. This lease brings the 103,400-square-foot Freeport Industrial Center to 100 percent occupancy.

Elontec has leased 28,231 square feet of space, which is an expansion for the company. Elontec plans to relocate in October from its current corporate headquarters at 5402 W. Roosevelt St.  The company will be consolidating two spaces that total approximately 24,000 square feet and moving operations to Freeport Industrial Center.  Elontec will be hiring additional workers as part of the expansion.

“This space sat vacant for more than 18 months before we were enlisted to market the property,” said Justin LeMaster of Cushman & Wakefield . “Based on our strategic marketing approach and relationships in the brokerage community, we were able to completely negotiate the deal  within two weeks of receiving the assignment.”

LeMaster, Mike Gilbert and Paul Sweetland, SIOR, of Cushman & Wakefield’s industrial division represented the landlord, Environmental Development of San Diego.

Ted Liles of Cresa represented Elontec.

angel

Bioscience innovators will pitch at White Hat Investors

Bioindustry Associations from across the Rocky Mountain Southwest Region are coming together to present an opportunity for Angels, Venture Capitalists and Strategic Investors to connect with the biotech and healthcare investment opportunities from across the Rocky Mountain Southwest states at White Hat Investors 2014 in Phoenix, Arizona on September 17 and 18, 2014.

“The West was won by innovators, investors, and prospectors who understood the value of discovery and accepted the challenge of investing in new frontiers,” shared Joan Koerber-Walker, president and CEO of the Arizona Bioindustry Association (AZBio). “Now, industry leaders and accredited investors have the opportunity to meet a new generation of biotech and healthcare pioneers at White Hat 2014, the first annual biotech and healthcare investor conference that showcases the best of the Rocky Mountain Southwest Region.”

White Hat Presenting Companies were selected from the region’s emerging innovation leaders in the fields of Diagnostics, Therapeutics, Medical Devices, and Health IT. Presenting companies are developing lifesaving and life improving innovations that will benefit people today and for generations to come while addressing some of our greatest health challenges including cancer, cardiovascular and pulmonary disease, neurological disorders, infectious disease, and more.

On September 17th, over 400 life science industry leaders will gather to view a company showcase, browse a student discovery zone and listen to presentations from local life science entrepreneurs on the BioAccel Best of the Best Stage from 3:00 p.m. – 6:00 p.m. in the North Ballroom of the Phoenix Convention Center. Free and open to the general public, it presents an opportunity for members of the community to connect with the region’s fastest growing innovation sector. The public pre-event will be followed at 6:00 p.m. by the AZBio Awards gala (registration required) honoring life science pioneer Roy Curtiss, III, PhD; Charles Arntzen, PhD, the Arizona State University Researcher who, with his team, played a key role in the development of ZMAPP, the experimental Ebola drug given to two health workers who were sickened by the deadly virus earlier this year; W.J. “Jim” Lane, Mayor of the City of Scottsdale for his work in developing the Scottsdale Cure Corridor; innovative educator Miles Orchinik, PhD of the School of Life Sciences at Arizona State University; Jack B. Jewett of the Flinn Foundation for leadership of the longest running statewide bioscience development initiative in the United States; emerging technology leaders SenesTech, Pinnacle Transplant Technologies, and Cancer Prevention Pharmaceuticals along with the 2014 Arizona Bioscience Company of the Year, Insys Therapeutics, Inc.

White Hat events continue on September 18th at the Hyatt Regency in downtown Phoenix with presentations by privately-held life science companies presenting to attending representatives of family offices, investment funds, corporate investment/business development professionals for life science oriented firms (strategic investors), granting foundations, venture capital firms, and accredited investors. In addition to great company presentations in the areas of Medical Devices, Diagnostics, Therapeutics and Health IT, White Hat includes THREE general sessions featuring panel discussions on the investment environment from the perspective of Angels, Strategic Investors, and VCs.
Presenting Companies were selected from the Rocky Mountain Southwest’s emerging innovator leaders in the fields of: Diagnostics, Therapeutics, Medical Devices and Health IT and include:

• Aviratek, LLC
• Breezing
• Calimmune, Inc.
• CardioCreate, Inc.
• Convoy Therapeutics
• DiscGenics
• Elutin Vascular Inc.
• EndoShape, Inc
• Fluonic
• Imagenonics LLC
• Iron Horse Diagnostics
• INanoBio
• Kalos Therapeutics
• Kulira Technologies
• Meditope Biosciences, Inc.
• MSDx
• NeuroRecovery Technologies, Inc.
• NuvoMed
• NuvOx Pharma
• Pediatric Bioscience, Inc
• Portable Genomics, Inc.
• MedTalk Companion (Real Phone Corp)
• Recursion Pharmaceuticals
• RiboMed Biotechnologies
• Savoy Pharmaceuticals
• SenesTech
• Skylit Medical
• Sonoran Biosciences
• T-MedRobotics
• Valley Fever Solutions
• ValveXchange
• ViroCyt
• VisionGate
• Yolia Health

Az Business honors Most Admired Companies

azbigmedia_MAC_srp2014-008
azbigmedia_MAC_srp2014-008
azbigmedia_MAC_srp2014-005
azbigmedia_MAC_srp2014-005
azbigmedia_MAC_srp2014-006
azbigmedia_MAC_srp2014-006
azbigmedia_MAC_srp2014-010
azbigmedia_MAC_srp2014-010
azbigmedia_MAC_srp2014-011
azbigmedia_MAC_srp2014-011
azbigmedia_MAC_srp2014-009
azbigmedia_MAC_srp2014-009
azbigmedia_MAC_srp2014-013
azbigmedia_MAC_srp2014-013
azbigmedia_MAC_srp2014-010
azbigmedia_MAC_srp2014-010
azbigmedia_MAC_srp2014-014
azbigmedia_MAC_srp2014-014
azbigmedia_MAC_srp2014-011
azbigmedia_MAC_srp2014-011
azbigmedia_MAC_srp2014-015
azbigmedia_MAC_srp2014-015
azbigmedia_MAC_srp2014-012
azbigmedia_MAC_srp2014-012
azbigmedia_MAC_srp2014-013
azbigmedia_MAC_srp2014-013
azbigmedia_MAC_srp2014-017
azbigmedia_MAC_srp2014-017
azbigmedia_MAC_srp2014-014
azbigmedia_MAC_srp2014-014
azbigmedia_MAC_srp2014-015
azbigmedia_MAC_srp2014-015
azbigmedia_MAC_srp2014-019
azbigmedia_MAC_srp2014-019
azbigmedia_MAC_srp2014-020
azbigmedia_MAC_srp2014-020
azbigmedia_MAC_srp2014-017
azbigmedia_MAC_srp2014-017
azbigmedia_MAC_srp2014-021
azbigmedia_MAC_srp2014-021
azbigmedia_MAC_srp2014-018
azbigmedia_MAC_srp2014-018
azbigmedia_MAC_srp2014-023
azbigmedia_MAC_srp2014-023
azbigmedia_MAC_srp2014-035
azbigmedia_MAC_srp2014-035
azbigmedia_MAC_srp2014-024
azbigmedia_MAC_srp2014-024
azbigmedia_MAC_srp2014-025
azbigmedia_MAC_srp2014-025
azbigmedia_MAC_srp2014-022
azbigmedia_MAC_srp2014-022
azbigmedia_MAC_srp2014-027
azbigmedia_MAC_srp2014-027
azbigmedia_MAC_srp2014-025
azbigmedia_MAC_srp2014-025
azbigmedia_MAC_srp2014-026
azbigmedia_MAC_srp2014-026
azbigmedia_MAC_srp2014-029
azbigmedia_MAC_srp2014-029
azbigmedia_MAC_srp2014-030
azbigmedia_MAC_srp2014-030
azbigmedia_MAC_srp2014-049
azbigmedia_MAC_srp2014-049
azbigmedia_MAC_srp2014-031
azbigmedia_MAC_srp2014-031
azbigmedia_MAC_srp2014-028
azbigmedia_MAC_srp2014-028
azbigmedia_MAC_srp2014-032
azbigmedia_MAC_srp2014-032
azbigmedia_MAC_srp2014-034
azbigmedia_MAC_srp2014-034
azbigmedia_MAC_srp2014-031
azbigmedia_MAC_srp2014-031
azbigmedia_MAC_srp2014-036
azbigmedia_MAC_srp2014-036
azbigmedia_MAC_srp2014-033
azbigmedia_MAC_srp2014-033
azbigmedia_MAC_srp2014-037
azbigmedia_MAC_srp2014-037
azbigmedia_MAC_srp2014-038
azbigmedia_MAC_srp2014-038
azbigmedia_MAC_srp2014-039
azbigmedia_MAC_srp2014-039
azbigmedia_MAC_srp2014-036
azbigmedia_MAC_srp2014-036
azbigmedia_MAC_srp2014-042
azbigmedia_MAC_srp2014-042
azbigmedia_MAC_srp2014-016
azbigmedia_MAC_srp2014-016
azbigmedia_MAC_srp2014-038
azbigmedia_MAC_srp2014-038
azbigmedia_MAC_srp2014-043
azbigmedia_MAC_srp2014-043
azbigmedia_MAC_srp2014-044
azbigmedia_MAC_srp2014-044
azbigmedia_MAC_srp2014-009
azbigmedia_MAC_srp2014-009
azbigmedia_MAC_srp2014-045
azbigmedia_MAC_srp2014-045
azbigmedia_MAC_srp2014-046
azbigmedia_MAC_srp2014-046
azbigmedia_MAC_srp2014-043
azbigmedia_MAC_srp2014-043
azbigmedia_MAC_srp2014-047
azbigmedia_MAC_srp2014-047
azbigmedia_MAC_srp2014-047
azbigmedia_MAC_srp2014-047
azbigmedia_MAC_srp2014-001
azbigmedia_MAC_srp2014-001
azbigmedia_MAC_srp2014-050
azbigmedia_MAC_srp2014-050
azbigmedia_MAC_srp2014-002
azbigmedia_MAC_srp2014-002
azbigmedia_MAC_srp2014-085
azbigmedia_MAC_srp2014-085
azbigmedia_MAC_srp2014-087
azbigmedia_MAC_srp2014-087
azbigmedia_MAC_srp2014-088
azbigmedia_MAC_srp2014-088
azbigmedia_MAC_srp2014-003
azbigmedia_MAC_srp2014-003
azbigmedia_MAC_srp2014-090
azbigmedia_MAC_srp2014-090
azbigmedia_MAC_srp2014-091
azbigmedia_MAC_srp2014-091
azbigmedia_MAC_srp2014-092
azbigmedia_MAC_srp2014-092
azbigmedia_MAC_srp2014-093
azbigmedia_MAC_srp2014-093
azbigmedia_MAC_srp2014-051
azbigmedia_MAC_srp2014-051
azbigmedia_MAC_srp2014-052
azbigmedia_MAC_srp2014-052
azbigmedia_MAC_srp2014-053
azbigmedia_MAC_srp2014-053
azbigmedia_MAC_srp2014-054
azbigmedia_MAC_srp2014-054
azbigmedia_MAC_srp2014-055
azbigmedia_MAC_srp2014-055
azbigmedia_MAC_srp2014-056
azbigmedia_MAC_srp2014-056
azbigmedia_MAC_srp2014-057
azbigmedia_MAC_srp2014-057
azbigmedia_MAC_srp2014-058
azbigmedia_MAC_srp2014-058
azbigmedia_MAC_srp2014-059
azbigmedia_MAC_srp2014-059
azbigmedia_MAC_srp2014-060
azbigmedia_MAC_srp2014-060
azbigmedia_MAC_srp2014-061
azbigmedia_MAC_srp2014-061
azbigmedia_MAC_srp2014-062
azbigmedia_MAC_srp2014-062
azbigmedia_MAC_srp2014-063
azbigmedia_MAC_srp2014-063
azbigmedia_MAC_srp2014-064
azbigmedia_MAC_srp2014-064
azbigmedia_MAC_srp2014-065
azbigmedia_MAC_srp2014-065
azbigmedia_MAC_srp2014-066
azbigmedia_MAC_srp2014-066
azbigmedia_MAC_srp2014-067
azbigmedia_MAC_srp2014-067
azbigmedia_MAC_srp2014-068
azbigmedia_MAC_srp2014-068
azbigmedia_MAC_srp2014-069
azbigmedia_MAC_srp2014-069
azbigmedia_MAC_srp2014-070
azbigmedia_MAC_srp2014-070
azbigmedia_MAC_srp2014-071
azbigmedia_MAC_srp2014-071
azbigmedia_MAC_srp2014-072
azbigmedia_MAC_srp2014-072
azbigmedia_MAC_srp2014-073
azbigmedia_MAC_srp2014-073
azbigmedia_MAC_srp2014-074
azbigmedia_MAC_srp2014-074
azbigmedia_MAC_srp2014-075
azbigmedia_MAC_srp2014-075
azbigmedia_MAC_srp2014-076
azbigmedia_MAC_srp2014-076
azbigmedia_MAC_srp2014-077
azbigmedia_MAC_srp2014-077
azbigmedia_MAC_srp2014-004
azbigmedia_MAC_srp2014-004
azbigmedia_MAC_srp2014-078
azbigmedia_MAC_srp2014-078
azbigmedia_MAC_srp2014-079
azbigmedia_MAC_srp2014-079
azbigmedia_MAC_srp2014-080
azbigmedia_MAC_srp2014-080
azbigmedia_MAC_srp2014-082
azbigmedia_MAC_srp2014-082
azbigmedia_MAC_srp2014-083
azbigmedia_MAC_srp2014-083

BestCompaniesAZ and Az Business magazine honored 40 companies at the 2014 Arizona’s Most Admired Companies award reception on September 11, 2014 at the Westin Kierland Resort.

Arizona’s Most Admired Companies are selected based on how a company has performed in the following areas: workplace culture, leadership excellence, corporate and social responsibility, customer opinion and innovation. Five companies were recognized with a “spotlight” award for each of the five categories.

CONGRATUALTIONS!

The five spotlight awards winners are:

Customer Opinion: Cresa
cresa-thumb
Quality Leadership: Kitchell
kitchell-thumb
Social Responsibility: Vanguard
vanguard-thumb
Innovation: Laser Spine Institute
lsi-thumb
Workplace Culture: GoDaddy
godaddy-thumb

“This is the most comprehensive and prestigious corporate awards program in Arizona because it recognizes the contributions and impact these ‘most admired companies’ bring to our state,’” says Denise Gredler, co-founder of the Most Admired Companies Program.

“These companies truly exemplify what it means to be a good corporate citizen,” says Cheryl Green, publisher of Arizona Business Magazine. “MAC winners consistently show strong leadership, a commitment to the communities in which they operate and concern for their employees and customers.”

This year’s presenting sponsors included Dignity Health of Arizona, National Bank of Arizona and Thunderbird International School of Global Management. Additional Event Sponsors include Charles Schwab, Progrexion, Ryan and Shutterfly.

The 40 companies named Most Admired Companies for 2014 were:

Adolfson & Peterson Construction
Alliance Residential Company
American Express
Arizona Diamondbacks
AXA Advisors
Banner Casa Grande Medical Center
Cancer Treatment Centers of America
CBRE, Inc.
Charles Schwab
Cresa Phoenix
Desert Diamond Casinos and Entertainment
DIRTT Environmental Solutions
Fennemore Craig
GoDaddy
Goodmans Interior Structurs
Grant Thornton
Harrah’s Ak-Chin Casino Resort
Homeowners Financial Group
Hyatt Regency Phoenix
Infusionsoft
International Cruise & Excursions, Inc.
Kitchell
LaneTerralever
Laser Spine Institute
Mayo Clinic
Miller Russell Associates
National Bank of Arizona
Phoenix Children’s Hospital
Quarles & Brady
Rider Levett Bucknall
Ryan, LLC
Scottsdale Lincoln Health Network
Shutterfly, Inc.
Sonora Quest Laboratories
Sundt Construction
The CORE Institute
Telesphere
UnitedHealthcare of Arizona
University of Advancing Technology
Vanguard

Coronado Commons, courtesy of Architectural Resource Team, Inc.

Future Coronado Commons sold to SRM Development

Cashen Realty Advisors announced the sale of a 1.37-acre residential parcel located at 329 E. Coronado Road in the Alvarado Historic District Area of Phoenix. The parcel is zoned R-4 and has approved plans for 20 three-story townhome units. The property, destined to be the Coronado Commons, sold for $1,323,000 and is one of the first projects approved under the new City of Phoenix Urban Infill Program. Unit sizes are between 1,779 SF and 2,330 SF and construction costs are estimated to be $3.6M.

 

The seller in the transaction was the Gutkin Family represented by Josh Landers of Commercial 33 Brokerage in Phoenix. The buyer in the transaction was SRM Development, principals Mike Smith and Don Allison. The buyer was represented by Cashen Realty Advisors.

rsz_corridors_phoenix

Alter Asset Management named PM for Corridors

Alter Asset Management (AAM) has been awarded the contract to provide comprehensive property management services for the 80-acre Corridors – Phoenix mixed-use park.  Comprising four buildings totaling 164,410 SF, the park was recently acquired by Adler Realty Investments, Inc. Samuel F. Gould, President of AAM, made the announcement.

Adler Realty Investments, Inc. (Adler) is a real estate investment firm with over $750 million in acquisitions since its inception in 1996. Adler’s real estate portfolio currently consists of over 3 million square feet of office, retail, industrial and multi-family residential properties as well as land for development throughout the western United States.

“We are delighted to acuire buildings of this caliber and wanted to maintain the high level of care to our tenants,” said Alan Sher, Executive Vice President, Adler Realty Investments, Inc. “Alter Asset Management’s staff led by Judy Privett, Vice President of the Western Region, has been superb through the acquisition process, providing due diligence expertise and assuring continuity of service to our tenants.”

We are excited to continue to be the stewards of the Corridors-Phoenix portfolio,” said Gould. “The park continues to attract entrepreneurial and Fortune 500 businesses and it shows no sign of abating. Phoenix is expected to add 53,000 jobs annually between now and 2016, driving demand for Class A office space in the strategic Deer Valley submarket.”

Located on the southeast corner of I-17 and Pinnacle Peak Road, Corridors is just two freeway exits north of the Loop 101 Freeway.

Established in 1971, Alter Asset Management provides third-party property management and leasing services in selected markets for private investors. institutional and corporate , including such renowned firms as Northern Trust Bank, Harrison Street Real Estate, Sentinel Real Estate Corporation, and Washington Capital Management.

Courtesy of CPI

Penco Properties buys Harris Park Professional Plaza

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, announced the sale of Harris Park Professional Plaza.  Tyson Breinholt and Shane McCormick of CPI’s Tempe Office Group represented both the buyer and seller in this transaction.

The 27,864 SF, Class B office building is located at 1550 E McKellips Road in Mesa, Arizona and has frontage on McKellips Road, just west of Gilbert Road.

“This transaction came together from my relationship with the out-of-state investor, Penco Properties, who was actively seeking replacement properties for some 1031 Exchange funds. Fortunately, Harris Park Professional Plaza completely met the needs of my client with 100 percent occupancy and a solid tenant history,” said Breinholt.

Harris Park Professional Plaza is a 100 percent leased, multi-tenant office building built in 2001 which was formerly owned by Harris Park Prof Plaza, LLC. Commercial Properties Incorporated picked up the property management account, and Breinholt and McCormick have retained the leasing of the property.

Freeport Distribution Center, WEB

Lincoln Property Co. acquires Freeport Distribution Center

Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix. Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport.

The project is a close-in infill site offering immediate connectivity to the I-10, I-17 and Loop 303 freeway. It boasts a strong tenant roster that includes Nestle North America and two Canadian-based, construction industry credit tenants: Moulding & Millwork (a subsidiary of Metrie) and Hardwoods Specialty (a subsidiary of Hardwoods Distribution, Inc.)

LPC purchased Freeport Distribution Center from Atlanta-based IDI Gazeley Brookfield Logistics Properties and California-based BlackRidge Real Estate Group. Brett Tremaine, Anthony Brent, Ryan Martin and Tom Simmons from HFF represented the seller. LPC will provide exclusive property management services for the new acquisition.

“Phoenix’s southwest Valley is an extremely sought-after industrial real estate submarket,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “Freeport Distribution Center is a great example of the submarket’s strength and its potential to become even stronger as its key assets continue to stabilize.”

Krumwiede quickly engaged LPC’s property management team to capitalize on the project’s potential, and is looking for additional opportunities across the Southwest to do the same. “As a medium-size bay project, Freeport provides a nice balance to our regional portfolio. It is a welcome part of our company’s continued growth.”

“Freeport Distribution Center allows LPC to do what we do best, which is to bring a good asset up to its maximum value,” added Lincoln Property Company’s Director of Management Services Alisa Timm, who oversees a more than 6.5 million-square-foot management portfolio for the company’s Desert West Region. “We do this by providing the services that today’s owners need most: financial savvy, positive relationships and creative ideas that keep tenants and buildings at the top of their game.”

Located on approximately 11 acres at 5240 and 5302 W. Buckeye Road in Phoenix, Freeport Distribution Center includes one 135,114-square-foot industrial building and one 84,126-square-foot industrial building. The project features 25 – 28-foot clear heights, ESFR sprinkler system, front-load configuration and 240 – 260-foot shared truck court.

120249086

Enterprise Bank adds 4 leaders to advisory board

Enterprise Bank & Trust has added four respected business leaders to its Phoenix Advisory Board to help lead the bank as it continues to grow in the Southwest.

Joining the 12-member board are Jeffrey S. Beyersdorfer of Western Refining, Inc., Jason Funk of Western Window Systems, Bill Lavidge of The Lavidge Company and Craig Rock of Paradigm Technology, Inc.

The four new Advisory Board members bring nearly 100 years of collective business experience and each has a strong commitment to community service in Arizona serving a diverse range of industries.

“I couldn’t be more pleased that these respected leaders have joined our Advisory Board,” said Jack Barry, president and CEO of Enterprise Bank & Trust’s Arizona Region. “I look forward to their insights and counsel as we continue to expand our footprint in Arizona.”

The new board members join Jack Barry; Michael Lofton, owner and CEO of The Lofton Companies; Dianna Morrow, CFO Stotz Equipment; Rick Grayson, owner and CEO of Coffee Reserve; Dan Nahom, CFO of Smart Practice; Vickie Wessel, president of Spirit Electronics, LLC; G. Thomas Eggebrecht, president and CEO of Bonds Alarm CO, Inc, and Stephen Marsh, chairman and chief credit officer of Enterprise Bank & Trust on the Advisory Board.

The new Advisory Board members bring a diverse mix of business experience from various industries.

Jeffrey S. Beyersdorfer: Beyersdorfer serves as Corporate Treasurer and Director of Investor Relations for Western Refining, Inc., and previously worked for companies across the country in Houston and St. Louis. Jeffrey earned his Master of Business Administration from the London Business School and his undergraduate degree from the Georgia Institute of Technology.

Jason Funk: Funk joins the Advisory Board as the board president. He is president of Western Window Systems where he has worked since 1999 while completing his Bachelor of Science degree in Global Business Management at Arizona State University. In 2012, Funk was selected for the Phoenix Business Journal’s “40 under 40” list and is active in many business and community organizations including the MVP Foundation, which helps better the lives of children and families in need.

Bill Lavidge: Lavidge is the owner of The Lavidge Company, a full-service advertising, public relations, communications, consulting and interactive marketing agency based in Phoenix. Bill has held leadership positions for numerous organizations included KAET Public Television, the ASU M.B.A. Council and the Phoenix Suns Charities. Bill earned both his Masters of Business Administration and undergraduate degree from Arizona State University and has also taught as a faculty associate in the university’s marketing department.

Craig Rock: Rock is the founder and president of Paradigm Technology, Inc., a company delivering adaptive business models to fit a client’s IT solution needs. Prior to creating Paradigm Technology, Inc., Craig worked for Telos Corporation, Compushare Communications and Ticketmaster Corporation. Craig earned his Bachelor’s degree in Business Management from the University of Maryland, College Park. He founded the Pendergast Education Foundation, a scholarship program investing in future teachers in the Pendergast community. He also serves on the board of the YMCA of Scottsdale and as a committee chair at the Arizona Science Center.

veterans

Department of Defense honors APS

Employer Support of the Guard and Reserve (ESGR), a Department of Defense office, announced today that Arizona Public Service (APS) of Phoenix, Arizona, is one of 15 recipients of the 2014 Secretary of Defense Employer Support Freedom Award. The Freedom Award is the Department’s highest recognition given to employers for exceptional support of Guard and Reserve employees. This year’s recipients were selected from 2,864 nominations received from Guardsmen and Reservists for going far beyond what the federal law requires to support their military employees.

“I’m honored to announce the recipients of the 2014 Secretary of Defense Employer Support Freedom Award,” said Defense Secretary Chuck Hagel. “Guardsmen and Reservists across the nation rely on strong bonds with their civilian employers. By recognizing these 15 exceptional employers, the Department of Defense celebrates the contributions made by American employers to our Citizen Warriors. I commend these extraordinary employers for their unwavering commitment to service members and their families.”

APS was nominated by Army Reserve Staff Sgt. Michael Rich from the 13th Battalion, Army Reserve Careers Division/Adjutant General. He highlighted the company’s “Troops to Energy Jobs” initiative, which accelerates the hiring of Guardsmen and Reservists and provides support to those employees and their families. APS has created an employee-led group, VETRN (Veteran Engagement Transition Retention Network), that promotes corporate support and recognition for members of the Guard and Reserve. In addition to sponsoring military and veteran organizations, the company also maintains contact with deployed service members, sending care packages overseas and offering assistance to families at home.

The 2014 Freedom Award recipients below will be honored at a ceremony in the Pentagon Sept. 26:

Arizona Public Service
Phoenix, Arizona

AT&T
Dallas, Texas

Capital One
McLean, Virginia

CH2M-WG Idaho
Idaho Falls, Idaho

General Mills, Inc.
Golden Valley, Minnesota

J.G. Management Systems, Inc.
Grand Junction, Colorado

Los Angeles Fire Department
Los Angeles, California

N.H. Department of Environmental Services
Concord, New Hampshire

PNC Bank
Pittsburgh, Pennsylvania

Shofner Vision Center
Nashville, Tennessee

St. Jude Children’s Research Hospital
Memphis, Tennessee

Triumph Pharmaceuticals Inc.
St. Louis, Missouri

UNC Health Care
Chapel Hill, North Carolina

Washoe County School District
Reno, Nevada

Zions Bank
Salt Lake City, Utah

58 W. Congress St., Tucson, Ariz.

CBRE reports recent Tucson transactions

CBRE’s Tucson office has released the following recent leasing transactions for the greater Tucson area:

Ridgewood Associates, a full-service public relations and integrated marketing communications firm, has leased 2,378 square feet of office space at the Pioneer Building located at 100 N. Stone Ave. in Tucson, Ariz. Ridgewood Associates was represented by David Montijo and Bruce Suppes with CBRE’s Tucson office. The landlord, Holualoa Pioneer, LLC, was also represented by Bruce Suppes in addition to David Volk of CBRE.

Street Taco and Beer Co. has leased 2,233 square feet of restaurant space at 58 W. Congress in downtown Tucson. The landlord, BC Limited, LLC, was represented by Buzz Isaacson with CBRE’s Tucson office. The tenant was self-represented.

Batteries Plus has leased 1,400 square feet of retail space at Tucson Spectrum shopping center located at 1725 W. Irving Rd. in Tucson. The landlord, DDR Tucson Spectrum II, LLC, was represented by CBRE’s Nancy McClure, Jayme Fabe and Michael Laatsch. The tenant was represented by Steffan Cione with Cione Company.

Arizona Pizza, Inc. has leased 1,500 square feet of retail space at Southgate Shopping Center located at 3346 S. 6th Ave. in Tucson. The landlord, Red Mountain Asset Fund, LLC, was represented by CBRE’s Jayme Fabe. Arizona Pizza, Inc. was represented by Debbie Heslop with Volk Co.

Community Extension Programs, Inc. (CEP) has purchased a 2,760-square-foot office space at La Cholla Corporate Center in Tucson. The Tucson-based non-profit organization, which provides extended care and education and enrichment for schools in Tucson and Oro Valley, purchased the property from Orca, LLC. CBRE’s David Montijo and Jeff Casper represented the seller in the $469,200 transaction. CEP was represented by Esther Empens with Tierra Antiqua Realty.

Grand Canyon Adventures - EAZ Fall-Winter 2012

Arizona Office of Tourism Partners With Buxton

The Arizona Office of Tourism (AOT) is partnering with Fort Worth-based Buxton to develop in-depth profiles of Arizona visitors, at both the state and regional levels.

Buxton’s visitor profiling capabilities will help AOT leaders to:

* increase marketing campaign return on investment,
* better understand visitor potential,
* expand the impact of tourism on local economies, and
* identify ideal media channels to reach future and returning visitors.

The results of Buxton’s analysis will be presented at the Arizona Governor’s Conference on Tourism, July 16-18 in Phoenix, Arizona.

“AOT’s goal is to provide precise, research-driven strategies to expand travel activity and increase travel-related revenues in Arizona,” said Sherry Henry, director of AOT. “Partnering with Buxton supports this goal by providing the visitor insights we need to strengthen tourism marketing strategies across the state.”

“Buxton is pleased to support AOT’s tourism development efforts,” said Cody Howell, vice president of public sector solutions at Buxton. “Our best-in-class analytics will provide the insights needed to grow tourism revenues and enhance Arizona’s economy.”

By becoming a Buxton client, AOT will have access to SCOUT®, Buxton’s proprietary web-based analytics platform, giving leaders data and information at their fingertips to analyze visitor profiles for different areas of the state.

Buxton has worked with more than 650 cities nationwide to implement retail and tourism development strategies. Clients include Flagstaff, Arizona; Palm Springs, California; and Downtown Dallas, Inc.

Created as an executive agency in 1975, the Arizona Office of Tourism is charged with enhancing the state’s economy and the quality of life for all Arizonans by expanding travel activity and increasing related revenues through tourism promotion. For information on AOT’s program of work, research and media plans, visit www.azot.gov. For information about Arizona travel experiences, visit www.arizonaguide.com.

football

Arizona Super Bowl Host Committee Announces Board

The Arizona Super Bowl Host Committee announces its Board of Directors for Super Bowl XLIX. The board of directors is comprised of business leaders that volunteer their time to drive the state’s efforts for Super Bowl XLIX.

The Host Committee is a private, non-profit Arizona corporation. The mandate of the Host Committee is to galvanize local stakeholders in a united approach to hosting the largest single-day sporting event by maximizing positive media exposure, fueling the economic engine of Arizona and leaving a lasting legacy long after the excitement of the Big Game. The board was assembled in 2013 to begin planning and to garner local corporate support and sponsors.

Board members include:
● Board Chair David Rousseau, president, SRP

● Brad Anderson, executive vice president, brokerage office services, CB Richard Ellis

● Michael Bidwill, president, Arizona Cardinals

● Jose Cardenas, senior vice president and general council, Arizona State University

● David Farca, president, ToH Design Studio

● Jim Grogan, chief operating officer, International Capital Investment Company

● Michael Haenel, executive vice president, Cassidy Turley

● Mike Kennedy, partner, Gallagher & Kennedy, P.A. (chairman, Super Bowl XLII Host Committee in 2008)

● Dan Lewis, senior vice president, Sovereign Finance

● Jeffrey Lowe, president, MidFirst Bank

● Mary Martuscelli, regional president for the private client reserve, U.S. Bank

● Andrew McCain, vice president and CFO, Hensley Beverage Company

● Patrick McGinley, vice president of property management, Vestar

● Steve Moore, president and CEO, Greater Phoenix CVB

● Jodi Noble, partner, Deloitte

● Jay Parry, president and CEO, Arizona Super Bowl Host Committee

● Earl Petznick Jr., president and CEO, Northside Hay Company

● Ken Van Winkle, managing partner, Lewis Roca Rothgerber LLP

● KJ Wagner, president and CEO, Willis of Arizona, Inc.

● David Watson, co-founder and managing partner, mybody and president and managing partner, Revolution Tea

● John Zidich, CEO, Republic Media Publisher, The Arizona Republic

“We have an impressive group of business leaders working together to meet the fundraising goals for Super Bowl XLIX and to maximize the opportunity to build the Arizona brand in this unparalleled global spotlight,” said David Rousseau, Arizona Super Bowl Host Committee chairman. “We want to promote Arizona as an ideal destination for businesses and tourists well beyond Super Bowl XLIX.”

Super Bowl XLIX is scheduled to be played at University Of Phoenix Stadium on February 1, 2015, marking Arizona’s second Super Bowl in seven years. In Super Bowl XLII at University of Phoenix Stadium on February 3, 2008, The New York Giants beat the New England Patriots 17-14. Arizona’s first big game, Super Bowl XXX, was held at Arizona State University’s Sun Devil Stadium in 1996, with the Dallas Cowboys beating the Pittsburgh Steelers 27-17.

For more information on the Board of Directors, please visit http://azsuperbowl.com/about-us/meet-the-team/

wokbox

Wok Box Fresh Asian Kitchen to open in Chandler

Project Name: Wok Box Fresh Asian Kitchen Chandler
Developer: John Stevenson
General Contractor: True Performance Construction, Inc.
Architect: Tomecak Design
Location: 2100 S. Gilbert Rd., Chandler
Size: 1,430 SF
Value: $500,000
Estimated start and completion dates: Completion date: Approx. July 10
Project Description: Premium Quick-Service Restaurant with urban Asian-inspired design offering fresh, healthy, fast and fully customizable meals for dine in, take out, and delivery.

Founded in 2004 as a single store in downtown Edmonton, Alberta, Wok Box sets itself apart from other quick service chains by offering innovative, fresh and healthy Asian dishes made from natural ingredients and influenced by the flavors of Cambodia, China, India, Japan, Korea, Malaysia, Mongolia, Singapore, Thailand and Vietnam. Franchising since 2006, Wok Box has grown to more than 50 stores throughout Canada, the United States and Qatar.

CountryAire_SVNPartners, WEB

Country Aire Apartments in Phoenix sell for $2.8M

Neil Sherman and Carrick Sears, multifamily specialists in the Phoenix office of Sperry Van Ness, negotiated the $2,825,000 sale of Country Aire Apartments located at 1701 N. Palo Verde Dr. in Goodyear, Ariz.

The buyer, Univest, Inc of Newport Beach, Calif., purchased the 60-unit complex from Industrial Alliance Pacific Insurance & Financial Services Inc. Sherman and Sears represented both parties in the transaction.

Country Aire Apartments is a condominium community developed in 1982 which has historically been operated as a rental apartment complex. The property is individually metered for electricity and all units except one are two bedroom, one bath flats.

“Industrial Alliance foreclosed on this asset in early 2012, and subsequently invested quite a bit of time and money into improving and repositioning the property. At the time of sale it was arguably one of the nicest rental communities in that submarkett,” says Sherman.

The Westin Phoenix Downtown Lapis Pool Terrace.640x360

Westin Phoenix named best city experience

Starwood Preferred Guest® (SPG®), the award-winning loyalty program from Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), unveiled the Starwood hotels and resorts voted the best beyond compare by SPG members from around the globe with the release of its 2014 SPG Member Favorite Hotels & Resorts list. The select list featured 67 of Starwood’s nearly 1,200 hotels and resorts, from the golf tees in Arizona to the azure waters of Greece. Members selected their favorite hotels worldwide in the following categories: Best Golf Getaways, Best Beach & Island Retreats, Best Winter Escapes, Best Family Adventures, Best City Experiences, Best Exotic Excursions, Best Small Luxuries, New & Noteworthy, Top 10 China, Top 10 USA Resorts, and Ultimate Top 10. The Westin Phoenix Downtown was named to the list of Best City Experiences.

The Westin Phoenix Downtown Exterior Dusk Angle“We are thrilled to be named a Best City Experience hotel,” said Todd Iacono, general manager. “Situated in the heart of a vibrant and resurging downtown Phoenix, our boutique-style urban hotel blends a sophisticated hotel experience with a sense of Westin’s signature elements. Our convenient location to entertainment and sporting venues, hundreds of eateries, and the area’s best theaters and museums, lures guests to our location where they can truly experience the best of downtown Phoenix.”

The annual list recognizes the most loved luxury resorts chosen from more than 200 properties as part of Starwood Hotels & Resorts’ portfolio of more than 1,100 destinations globally including The Luxury Collection, St. Regis, W Hotels, Westin, Le Méridien and Sheraton resorts. Members vote on the resorts they adore most from the Maldives, to Costa Rica, Hawaii, Phuket and beyond each year to curate a list of must-see destinations of – Best Beach Resorts, Most Romantic Retreats, Best Exotic Escapes, Best Family Experiences, Best Golf Getaways, Best Island Paradise, Best Spa Indulgences, Best Winter Adventures and Best Small Wonders.

“The list allows our well-traveled members to identify their most beloved resorts around the world,” said Chris Holdren, Senior Vice President of Starwood Preferred Guest. “Being recognized by our members as a part of this distinguished list is a true honor for our resorts.”

tucson

Get Started Tucson announces finalists

Cox Business and Inc. magazine have announced the finalists of Get Started Tucson (#GetStartedTucson) taking place on Wednesday, May 14, 2014 at the Tucson Scottish Rite, 160 South Scott Avenue, Tucson, Arizona.

The prize package has also doubled including $5,000 cash, one free year of Cox Business service*, a robust marketing package from Cox Media, and Involta’s compliant cloud VM Ware virtual server for one year all valued at nearly $11,000.  The networking kicks off at 5:30 p.m. and spots are still available to attend the live, free event.  Registration is available at www.coxblue.com/getstartedtucson.

Over 20 businesses applied to present at Get Started Tucson. The businesses selected to pitch at the live event were selected based on innovation, ease of implementation and benefit to the community.  The five finalists are:

  • Darling Geomatics is a 3D scanning and modeling services for aerospace, defense, civil engineering, architecture, archaeology and entertainment industries.
  • Southwest Spirits is Tucson’s first Sonoran based distillery creating premium, local and organic vodka, gin and tequila.
  • Outski combines travel planning, booking tools, social collaboration and a built-in savings account in one online tool making planning for travel easy and accessible to anyone.
  • SmartStar provides digital educational games to empower young people by teaching practical real-life skills in a fun, engaging, and interactive experience.  SmartStar’s objective is to equip children with the critical-thinking and problem-solving skills needed for life.
  • Scraps on Scraps is a residential food waste/compostable material pick up company with a goal to help individual households reduce the amount of compostable materials in our landfills.

A representative from each of these companies will pitch their idea in 2.5 minutes to a distinguished panel of experts.  One winner will be named to receive a prize package valued at nearly $11,000 which includes:

  • $5,000 cash
  • Cox Business service for one year valued at $1,000
  • Cox Media marketing package valued at $3,300 including digital creative consultation, Google analytics consultation, web ads and Cox.com webmail campaign.
  • Involta’s compliant cloud IaaS  free VM Ware virtual server for one year valued at $1,500. Package includes:  Single Processor Power, 512 MB RAM, 5 GB Storage, 50 GB Metered Bandwidth, CentOS, Apache, Perl, PhP, MySql.

Local partners helping to make Get Started Tucson possible include Inside Tucson Business and Involta.

Local businesses not competing are encouraged to attend this free event for networking and learning opportunities from accomplished leaders in digital marketing, funding and business growth strategy.

The event will begin at 5:30 p.m. with networking and will include food and drinks.

167585360

Finalists announced for Arizona Deal of the Year

The Association for Corporate Growth-Arizona Chapter has announced the finalists for its prestigious “Deal of the Year” Award, which will be presented at the organization’s Southwest Mergers & Acquisitions Conference on May 14-15.

The three finalists are:

— The merger of E.B. Lane and Terralever into LaneTerralever, which was nominated by JDB Capital Partners, LLC.

— Recapitalization of QK, Inc. by Cave Creek Capital, Stewart Capital and Seacoast Capital, nominated by Greene Holcomb Fisher.

— Sale of Pinto Valley Copper mining and milling operations and related railroad company, nominated by Polsinelli.

The Southwest Mergers & Acquisitions Conference will conclude with the presentation of the ACG-Arizona 2014 Deal of the Year Award, a coveted honor given annually to a company or private equity firm in recognition of their accomplishments in Arizona’s mergers and acquisitions or capital markets marketplace. The award will recognize a deal/transaction in the Arizona marketplace involving established businesses with between $10 and $750 million of revenue that closed in the 2013 calendar year.

Additionally, the conference program will include exceptional speakers and content for the business community, including:

— Breakfast Keynote with Jim Huntinger of BOK Financial

— Breakfast Keynote with Anthony LeBlanc of the Phoenix Coyotes

— CEO Panel Discussion in Morning Breakout Session

— Lunch Keynote with Douglas Holtz-Eakin, economic policy expert

— Afternoon breakout sessions featuring Private Equity and Credit Market updates

“We are pleased to be able to recognize these three exceptional transactions which have had a positive effect on Arizona’s economy,” said Sanat Patel, President of the ACG-Arizona Chapter Board of Directors. “These are perfect examples of how middle-market transactions are helping create economic growth and job development in our state and the country as a whole.”

Endeavour Capital’s purchase of Arizona Nutritional Supplements was recognized as the 2013 Deal of the Year last year.

The conference will be held at the Fairmont Scottsdale Princess Resort, where a room block for attendees is available. Registration is $310
for ACG members who sign up in advance and $410 for non-members. At-the-door registration is $365 for members and $465 for non-members.

The conference will kick off on May 14 at 1 p.m. with a Golf Event at the Tournament Players Club of Scottsdale. The golf event is open to all registrants for the conference and is $195.

Conference sessions will take place on May 15, and will begin with an 8 a.m. breakfast featuring Huntzinger and LeBlanc as breakfast keynote speakers. After the morning CEO panel, lunch will be served and the Keynote Luncheon Speaker will be Holtz-Eakin.

A distinguished policy advisor, academic, and strategist, Dr. Doug Holtz-Eakin is skilled at forecasting policy changes on the horizon and recommending sound strategies for mitigating risk to your industry. He has served at the highest levels of government concerned with economics and is well-known on Capitol Hill and in Washington’s top think tanks. Having been involved in policy, politics, campaigns, and elections, he addresses economics from all points of view with his well-rounded expertise.

For more information or to register for the conference, visit www.acg.org/arizona, e-mail the chapter at acgarizona@acg.org, or call 602.448.3981.

167585360

USI Insurance acquires Webb & Greer

USI Insurance Services, based in Valhalla, N.Y., announced today the closing of the acquisition of Webb & Greer Insurance Agency, Inc., based in Tempe, Ariz. Terms of the transaction were not disclosed.

Founded in 1995, Webb & Greer provides personalized, value-added commercial property and liability insurance programs in the Phoenix metropolitan area and throughout the United States. By combining the existing USI Phoenix office with Webb & Greer, USI extends its presence as one of the largest middle-market insurance brokerage firms in the Greater Phoenix metropolitan area.

Thomas R. Lewis, regional CEO West for USI, said: “We’re excited to have Craig, Ben and their firm join USI. Webb & Greer has an excellent reputation with its clients who will benefit from this merger into our existing operations through the leverage of our middle market focus and resource capabilities. Over the last three years, USI has made a considerable investment in Arizona, and we believe we have a tremendous opportunity to continue our expansion in Phoenix and to strengthen our brand across this state.”

William “Wick” W. Pilcher, II, USI Phoenix CEO, said: “I am delighted to be expanding and merging USI’s existing operations with Webb & Greer. I have known Craig for over thirty years, and he and Ben have done an outstanding job of building their agency, and are well-respected among their clients and peers. Without question, this acquisition enhances our practice with expanded scale and scope, and I welcome them to the USI family.”

Craig Webb, former CEO of Webb & Greer said: “The coupling of our talented and knowledgeable producer group with USI’s proven technology and resources will create a dynamic sales climate that will be unmatched in Arizona. Our expectation is that this acquisition will further strengthen USI’s operations and its value proposition among clients. We look forward to fully merging our operations and the opportunities it will bring.”

Benjamin A. Greer, president of Webb & Greer Insurance, said: “USI is an excellent fit for our customers and employees. We share USI’s commitment to providing outstanding client service that strives to exceed expectations and cultivates client loyalty. I am excited to be working with the USI team and to growing the Phoenix practice with new opportunities.”

Chauncey Professional Center, 6930 E. Chauncey Lane, Phoenix.

CBRE negotiates $11.1M sale of 2 office buildings

ViaWest Group has sold two premier class A office buildings in the Phoenix metro area for a total consideration of $11.1 million. CBRE negotiated the sale to Melcor Development of the ±24,154-square-foot Perimeter Parkview Corporate Center at 8355 E. Hartford Drive Scottsdale, Ariz. and the ±35,066-square-foot Chauncey Professional Center located at 6930 E. Chauncey Lane, in Phoenix, for a combined ±59,220-square-foot investment. The buildings commanded sale prices of approximately $4.1 million and $7 million, respectively.

Barry Gabel and Chris Marchildon with CBRE’s Phoenix office represented the seller, ViaWest Group of Phoenix. The buyer, Edmonton, Alberta, Canada-based Melcor Developments Arizona, Inc., was represented by Tom Swan with Amcal Southwest.

ViaWest originally purchased the properties in two separate transactions. The Chauncey property was purchased in December 2006 in shell condition and ViaWest was able to lease up the property from zero percent in late 2007 to 100 percent by mid-2009 during a very difficult leasing period. This was done through building spec suites of varying sizes, creative marketing approaches and unique lease structures. The Perimeter Parkway property was bought at a trustee sale in January 2011 with a portion of the property leased and the balance in shell condition. Within one year of purchase the property was 100 percent leased.

Both Chauncey Professional Center and Perimeter Parkview are presently 90 percent leased, with one suite in each property becoming available within the last month. Those suites total 3,708 square feet and 2,486 square feet, respectively.

“These two assets are excellent properties that are of great quality and extremely well-located. Melcor should have much success with them. As a local value-add operator, we will continue to redeploy capital into our strategies that generate opportunistic-type returns,” stated Steven Schwarz of ViaWest Group.

“The North Scottsdale/Airpark area has consistently outperformed the overall Phoenix market in net absorption of office space and is one of the top job-creating economies in the U.S.,” said CBRE’s Gabel. “In addition, these properties are both surrounded by first-class amenities, high-end executive housing and the Loop 101 Freeway making them very attractive to both current and prospective tenants, and solid investments for the buyer.”

The sale marks Melcor Developments Arizona, Inc.’s entrance into the Arizona market and ViaWest has been retained to continue management of both properties keeping its management portfolio in excess of 1.5 million square feet.

Built in 2007, Perimeter Parkview Corporate Center is a two-story, class A, multi-tenant office building situated in the Scottsdale Airpark submarket. The property has a high-quality tenant roll including Arizona State University’s WP Carey Graduate MBA Program, Interior Motives, Titus Brueckner & Levine PLC, BIC Distributors and Pro Sports Management. The property is located at the base of the McDowell Mountains, in the ±260-acre Perimeter Center Business Park. The business park is adjacent to the TPC Stadium as well as numerous residential and golf communities, resort hotels and an abundance of exciting dining and retail options.

Chauncey Professional Center, which was built in 2006, is located in the North Scottsdale Corporate Center master-planned commercial development. Tenants include Aspen Systems, Troche Fertility Clinic, Marcum Media, AZ Tech Finders, Nobis Technology Group, Landmark Management Group, MiCamp Solutions, Bottle & McInerney, Cadron Financial and Pogson Asset Management. Chauncey Professional Center is surrounded by first-class amenities, including the ±580,000-square-foot Scottsdale 101 retail power center, the ±200,000-square-foot Whole Foods anchored Shops at Chauncey Ranch, the ±465,000-square-foot Chauncey Ranch Autoplex, and a ±110,000-square-foot Lifetime Fitness. The property also benefits from proximity to high-end executive housing and the Loop 101 Freeway.

Perimeter Parkview Corporate Center, 8355 E. Hartford Drive, Scottsdale, Ariz.

Perimeter Parkview Corporate Center, 8355 E. Hartford Drive, Scottsdale, Ariz.

Arizona’s 25 Most Influential Minority Business Leaders

What would you do it you opened the pages of this magazine and saw Jerry Colangelo listed as one of the 25 Most Influential Minority Business Leaders in Arizona? You’d do a double take, but it’s not out of the realm of possibilities.

Consider this: Among 439,633 Arizonans under age 5 in 2012, this is how the Census broke down those numbers:

• Hispanic: 196,776 (44.8 percent)
• Non-Hispanic white: 171,888 (39.1 percent)
• American Indian and Alaska Native: 22,198 (5 percent)
• Black: 18,617 (4.2 percent)
• Asian: 11,311 (2.6 percent)
• Two or more races: 18,088 (4.1 percent)
• Native Hawaiian/Pacific Islander: 755 (0.17).

If you combine numbers like that with the fact that 91.7 percent of the nation’s population growth between 2000 and 2010 was attributed to racial and ethnic minorities, with the largest segment of population growth occurring in the Hispanic community, lists like this — the 25 Most Influential Minority Business Leaders in Arizona of 2014 — could become obsolete in our lifetimes.

Until we get there and as our state’s minority population moves toward majority status, it’s important to notice that the state’s most dynmanic business leaders have helped fuel our economic recovery and growth … and many of them just happen to be minorities. And while the future looks bright, we still have work to in overcoming outdated perceptions. According to a 2012 Minority Business Enterprise Report commissioned by the Arizona Hispanic Chamber of Commerce and the Phoenix MBDA Business Center, a significant portion of minority-owned businesses in Arizona have had problems earning the trust of their customers, suppliers, peers and lenders and need support from within the business community to help break down some of these misconceptions and stigma.

The 25 Most Influential Minority Business Leaders in Arizona, whom you will meet below, have changed that perception.


Benito AlmanzaBenito Almanza
Arizona president
Bank of America
Heritage: Mexican-American
A graduate of Stanford University and the University of Santa Clara, Almanza has been with Bank of America for 34 years. He is a member of the Teach for America Arizona Board.
His hope for professional legacy: “Working every day with great teammates to make our community better and surrounding myself with strong leaders and developing them to replace me.”

Glynis BryanGlynis Bryan
CFO
Insight Enterprises Inc.
Heritage: Jamaican
Bryan is responsible for setting the company’s financial strategies; ensuring the company has the appropriate financial and operating controls and systems in place to support future growth; and serving as a financial and business advisor to the leadership team.
Her hope for professional legacy: “Setting a standard of excellence in an organization and helping teammates reach their full potential.”

Debbie CottonDebbie Cotton
Director
Phoenix Convention Center
Heritage: African American
Cotton manages a staff of 240 employees, a budget of $47.5 million and is the city’s chief representative to the state’s tourism and hospitality industry.
Her hope for professional legacy: “Throughout my career, I’d like to be remembered for adhering to high ethical standards and inspiring individuals to pursue careers within public service.”

Gonzalo de la Melena Jr.Gonzalo de la Melena Jr.
President and CEO
Arizona Hispanic Chamber of Commerce
Heritage: Peruvian and Mexican
De la Melena, who directs the state’s leading advocate representing more than 60,000 Hispanic business enterprises, has 20 years of global brand management, business development and Latino marketing experience gained from conducting business in more than 30 countries.
His hope for professional legacy: “For helping the lifeblood of our economy, small businesses, prosper – especially minority-owned businesses, now one-fourth of Arizona’s total. Our future global competitiveness depends on it.”

Diane EnosDiane Enos
President
Salt River Pima-Maricopa Indian Community
Enos is the 23rd president of the Salt River Community and the second women elected to the office. Enos is the first member of the Community to become a lawyer and practiced in the Maricopa County Public Defender’s Office for 11 years.
Heritage: Onk Akimel O’Odham, or one of the River People otherwise known as Pima
Her hope for professional legacy: “The top qualities I’d like to be remembered for is someone who was unafraid to try something new and to do it with integrity for the good of my people.”

rufusRufus Glasper
Chancellor
Maricopa Community Colleges
Heritage: African American
As the CEO of one of the nation’s largest systems of community colleges, he is leading MCCCD to address the community’s education and workforce training needs.
His hope for professional legacy: “An educator who focused on human rights and education for first-generation college students, quality healthcare, workforce and jobs, and re-framing an institution for the future.”

Deborah GriffinDeborah Griffin
President of the board of directors
Gila River Casinos
Heritage: Gila River Indian Community member and Mexican-American
Griffin leads Arizona’s largest minority-run business with more that 2,500 employees.
Her hope for professional legacy: “I would like to be remembered for creating a legacy of self-sufficiency and volunteerism in my community. My Tribe needs only to seek within themselves and have confidence in the beauty of their abilities to continue this legacy.”

Edmundo HidalgoEdmundo Hidalgo
President and CEO
Chicanos Por La Causa
Heritage: Mexican-American
His hope for professional legacy: “I would like to be remembered as someone who made a difference in the community. The Hispanic community is at a breakaway point because of our demographics and the opportunities we establish for our youth will have a tremendous impact on our state. As the Hispanic community goes, so will the State of Arizona. My focus has always been in support of education and ensuring that young people get the opportunities I received as I was beginning my career. I am blessed to have been mentored by many individuals who were willing to invest in me and I have the responsibility to do the same.”

leezieLeezie Kim
Partner
Quarles & Brady
Heritage: Korean-American
Kim returned to Quarles & Brady after four years of service as a White House appointee to the U. S. Department of Homeland Security and as general counsel to Arizona Gov. Janet Napolitano.
Her hope for professional legacy: “As a trusted counselor to and partner with leaders in business, government and politics who found new ways to get things done that make life a little better for us all.”

david_kongDavid Kong
President and CEO
Best Western International
Since he was named president and CEO in 2004, Kong has guided Best Western International through a brand resurgence, winning numerous awards for training, social media and ecommerce initiatives. Brand Keys ranked Best Western No. 1 in customer loyalty for four consecutive years.
Heritage: Asian
His hope for professional legacy: “I’d like to be remembered for having made a positive difference – in Best Western, in the industry and the lives of all our associates and our hotel staff.”

paulPaul Luna
President and CEO
Helios Education Foundation
Luna leads Helios Education Foundation, a philanthropic organization dedicated to creating opportunities for individuals in Arizona and Florida to succeed in postsecondary education. He is the former president of Valley of the Sun United Way and has held positions with Pepsi, IBM and the Office of Governor Bruce Babbitt.
Heritage: Hispanic
His hope for professional legacy: “That I cared about our community and helped make it better.”

steve_maciasSteve Macias
President and CEO
Pivot Manufacturing
Macias serves on the Governor’s Council on Small Business and is co-chair of the Supply Chain/Buy Arizona Committee, which is exploring ways government can help promote Arizona businesses.
Heritage: Hispanic
His hope for professional legacy: “Someone who made a positive impact in promoting manufacturing as a worthwhile and valuable industry that provides quality jobs to the community.”

louis_manuelLouis J. Manuel, Jr.
Chairman
Ak-Chin Indian Community
Heritage: Tohono O’odham Nation and Ak-Chin Indian Community
Manuel has diversified his Community’s economy with Ak-Chin Farms, Harrah’s Ak-Chin Casino, Santa Cruz Commerce Center and a partnership with the Super Bowl Host Committee.
His hope for professional legacy: “That my decision making gave value and sustainability in promoting a strong future and self-reliance for the people I serve.”

clarenceClarence McAllister
President and CEO
Fortis Networks
Heritage: Black Latino
McAllister was born in Panama and earned degrees in electrical engineering from ASU and an MBA from Nova Southeastern University. In 2000, he and his wife Reyna started Fortis, a certified 8a and HUBZone government contractor specialized in engineering, construction and technology services.
His hope for professional legacy: “As an immigrant who came to this country in search of the American Dream, and built a business that employs more than 100 Americans.”

alfred_molinaAlfredo Molina
Chairman
Molina Jewelers
Heritage: Hispanic
Molina went from fleeing Cuba as a boy without a change of clothes to rocking the jewelry world by selling the Archduke Joseph diamond for $21.5 million, the most ever paid at auction for a colorless diamond.
His hope for professional legacy: “I would like to be remembered as someone who made a difference. I believe that every individual is a precious jewel and it is my commitment and social responsibility to ensure they become brilliant.”

rodolfo-pargaRodolfo Parga, Jr.
Managing shareholder
Ryley Carlock & Applewhite
Heritage: Mexican
Parga has been named in multiple editions of Southwest Super Lawyers®, including in 2014. He also serves on the doard of Chicanos Por la Causa, a leading nonprofit helping advance and create economic and educational opportunities.
His hope for professional legacy: “I would like to be remembered as always trying my best to do the right thing, and being fair and loyal.”

Dan PuenteDan Puente
Owner
D.P. Electric
Heritage: Hispanic
Puente founded D.P. Electric in 1990 out of his garage with one truck and has built it into the largest Hispanic-owned company in Arizona.
His hope for professional legacy: “As an individual who created a company that set industry standards, gave back to an industry generous with opportunity and helped people grow personally and professionally.”

terry_ramblerTerry Rambler
Chairman
Arizona Indian Gaming Association
Heritage: San Carlos Apache Tribe
In addition to his AIGA leadership role, Rambler is chariman of the San Carlos Apache Tribe and president of the Inter Tribal Council of Arizona.
His hope for professional legacy: “Strong vision, consistent oversight, yet humble leadership that helped build successful partnerships in economic development, cultural preservation, and the expansion of tribal sovereignty.”

Terence-RobertsTerence Roberts, M.D., J.D.
Radiation oncologist
Banner MD Anderson Cancer Center
Heritage: African-American
Roberts specializes in stereotactic radiosurgery and tumors of the brain, spine, and prostate. He also received a law degree from Stanford University and practiced corporate law in the Silicon Valley for start-up companies.
His hope for professional legacy: “I would like to be remembered professionally as compassionate, knowledgeable and having integrity. Also as someone who innovated in an era of health care reform.”

Steve SanghiSteve Sanghi
Chairman, CEO and president
Microchip Technology
Heritage: Indian
Sanghi, named president of Microchip in 1990, CEO in 1991 and chairman in 1993, is the author of “Driving Excellence: How The Aggregate System Turned Microchip Technology from a Failing Company to a Market Leader.”
His hope for professional legacy: “For building Microchip Technology into one of the most successful semiconductor companies, which achieved an unprecedented 100 consecutive profitable quarters in a brutally competitive industry.”

roxanne_song_ongRoxanne K. Song Ong
Chief presiding judge
Phoenix Municipal Court
Heritage: Chinese American
Song Ong, who chair the Arizona Supreme Court Commission on Minorities, was the first Asian female judge in Arizona and first minority to be named as Phoenix chief judge.
Her hope for professional legacy: “It would be my great honor to be remembered for three primary things: (1) my work in judicial and civics education, (2) the promotion of cultural competency and diversity in the judicial and legal profession, and (3) promoting access to justice for all Arizonans through legal services and education.”

Charlie-ToucheCharlie Touché
Chairman and CEO
Lovitt & Touché, Inc.
In 2004, Touché became chairman and CEO of one of the largest insurance agencies in the United States, with nearly 200 employees in three offices and more than $300 million in total premiums.
Heritage: Hispanic
His hope for professional legacy: “I’m proud to say that during this entire century, we’ve remained a client-driven, hands-on kind of company with people who will roll up their sleeves and jump in the trenches to help those we do business with.”

lisa_uriasLisa Urias
President and CEO
Urias Communications
Heritage: Mexican
Urias has built an award-winning advertising, marketing and public relations agency that specializes in the diverse markets of the American Southwest, particularly the Hispanic market.
Her hope for professional legacy: “Having a nationally-known agency that successfully connects corporations to multicultural markets through ad campaigns, public relations and community outreach for mutual benefit and respect.”

lonnie_williamsLonnie J. Williams, Jr.
Partner
Stinson Leonard Street LLP
Heritage: Black
The Yale graduate’s practice focuses on commercial business and employment-related matters. He is a fellow of the American College of Trial Lawyers, one of the premier legal associations in America.
His hope for professional legacy: “Martin Luther King said, ‘if it falls your lot to be a street sweeper, go on out and sweep streets like Michelangelo painted pictures.’ Professionally, I would like to be remembered like that street sweeper.”

kuldip_vermaKuldip Verma
CEO
Vermaland
Heritage: East Indian
Vermaland, founded by Verma, holds more than 24,000 acres of land in Arizona with a portfolio valued at $500 million. Nabha, the tiny Indian village Verma was born in, could fit many times into the acreage he now controls in the desert Southwest.
His hope for professional legacy: “I saw a dream and pursued it. Success without humility is a curse, but Success with your values intact is a blessing.”

economic development - 8 honored

TGen recognized as ‘2014 Economic Driver’

The Greater Phoenix Chamber of Commerce has selected the Translational Genomics Research Institute (TGen) for one of its 2014 Impact Awards.

TGen was selected among small to medium business in the category of 2014 Economic Driver.

“These companies represent the spirit of the entrepreneur — a spirit that truly makes an impact on our community and our Chamber,” Todd Sanders, GPCC President and CEO, said in a press release. “It’s a privilege to honor those who continue to innovate, take risks, boost our economy and create jobs. Their ability, tenacity and sense of community are an inspiration to all.”

The IMPACT Awards honor the accomplishments of small and large businesses and the impact they have on the Valley’s business community and economy.

“TGen is honored to be recognized by the Greater Phoenix Chamber of Commerce. Through our research into the human genome, we strive to not only make an impact on the Arizona economy, but also endeavor — though precision medicine — to help develop new tools, capabilities and therapies that benefit our patients, and benefit Arizona patients first,” said Tess Burleson, TGen’s Chief Operating Officer.

This year, GPCC recognizes two recipients in each of four categories: Community Champion, Economic Driver, Entrepreneurial Excellence, and Response to Adversity.

Small to Medium Business Category:

2014 Community Champion: Native American Connections

2014 Economic Driver: Translational Genomics Research Institute (TGen)

2014 Entrepreneurial Excellence: Risas Dental and Braces

2014 Response to Adversity: NJOY, Inc.



Large Business Category:

2014 Community Champion: Phoenix Children’s Hospital

2014 Economic Driver: Sundt Construction, Inc.

2014 Entrepreneurial Excellence: The CORE Institute

2014 Response to Adversity: Phoenix Zoo

The 2014 IMPACT Businesses of the Year will be selected from these honorees and announced at the 27th annual IMPACT Awards luncheon, 11:30 a.m.-1:30 p.m. May 15, at the Arizona Biltmore. For more information, visit www.phoenixchamber.com/impact.