Lee & Associates Archives

Tempe industrial park sells for $8.9M

Tempe Industrial Park
by in AZRE Magazine | Industrial

The Cal-Eaton Industrial Park at the southeast corner of Smith Road and Fifth Street in Tempe, sold for $8,950,000 or $84.00 per-square-foot. The transaction closed on June 30 and was 99 percent occupied at the time of sale. Lee & Associates Principals Kurt Saulnier, Pat Dempsey and Jan Fincham represented the Tempe-based seller Cal-Eaton Properties, LP. Cal-Eaton… Read More →

Phoenix property bought for candle making

3120 E. Washington
by in AZRE Magazine | Industrial

NAI Horizon Senior Vice President Isy Sonabend represented the buyer in the $2.215 million sale of an industrial property at 3120 E. Washington St. in Phoenix. NAI Horizon represented Remet Real Estate Holding Company, LLC, of Delaware. Built in 1994, the 22,635-square-foot building sits on 2.34 acres and will be used as a manufacturing facility… Read More →

Valley infill development gets creative

1-Liberty-Center_Site-Entry
by in AZRE Magazine

With the real estate market taking a positive turn in investments, buyers and sellers are beginning to think about creating long-term office locations. While the future of the dynamic market is undetermined, tenants know they want to create work-play environments rather than a block of concrete buildings. “Capital is definitely flowing into Phoenix,” says Jami… Read More →

Lee & Associates broker $1.65M warehouse sale

ORION
by in AZRE Magazine | Brokerage | Industrial

A 14,728 square-foot warehouse building at 4200 E. Broadway Rd., Phoenix, sold for $1,651,000 or $112.10 per square-foot, according to Lee & Associates. Lee & Associates Arizona brought both sides of the deal to the table. Matt Hobaica, principal, represented the buyer, KJB Supply Co., while Jeff Conrad and Andy Ogan, principals, represented the seller, John… Read More →

Phoenix industrial market finishes year strong

Phoenix Industrial Market
by in AZRE Magazine | Industrial

Phoenix’s industrial market had an exceptional final quarter in 2015, according to a Lee & Associates report. The improving economy, including consumer confidence, a rising home market and lower unemployment, have fueled the industrial sector’s healthy year, the report stated. Construction activity remains at a healthy clip and a strong pipeline remains in place. This… Read More →

Phoenix office sector finishes 2015 on upswing

Miller Russell Associates
by in AZRE Magazine | Office

The Phoenix office sector took a strong turn to finish the fourth quarter in solid fashion. The year started off slow, but picked up momentum as the year progressed and accelerated the pace into the final months, according to a Lee & Associates report. Most all major indicators were positive for the quarter and for… Read More →

Craig Coppola earns Lifetime Achievement Award

Lee & Associates Founder Bill Lee, Craig Coppola and CEO Jeffrey Rinkov.

Lee & Associates’ most accomplished broker, Craig Coppola, received the company‘s highest honor, The William J. Lee Lifetime Achievement Award, for 2015. The award was presented by CEO Jeffrey Rinkov and company Founder Bill Lee at the Lee Broker Summit at the Encore Hotel in Las Vegas in October. The award was created to recognize the embodiment… Read More →

Lee & Associates broker 2 Buckeye land deals

Sundance Land Sites

Two commercial land transactions in Buckeye totalling just over 54 acres, sold for $4,000,000 ($74,061 per AC) or $1.70 per SF. The buyer and seller were the same for both parcels and was part of a 1031 Exchange. Plans are to hold the properties for future investment. Lee & Associates principals Mark Linsalata and Nate Bubeck… Read More →

Investors buy Peoria Mountainside Fitness for $7.1M

Mountainside Fitness

A 40,000 SF Mountainside Fitness at 9745 W. Happy Valley Rd. in Peoria, sold for $7,120,000 or $178.00 per SF. Patrick Dempsey and Jan Fincham, Principals with Lee & Associates, negotiated for both sides of the transaction. The buyer was Store Master Funding II, LLC of Scottsdale while the seller was Barclay/ Pleasant Valley, LLC… Read More →

Industrial land sale creates value and opportunities

Scottsdale

A straight-forward 48.9 acre industrial land parcel sale spurs interest from players looking for a piece of the puzzle. The most compelling part of sale was the several transactions involving portions of this property all before the close of escrow. Scottsdale Investment Management of Scottsdale purchased the 48.9 acres near the SWC of 39th Ave.… Read More →

Avenue5 leases entire floor at Anchor Centre West

Avenue5

Avenue5 Residential recently signed a long-term office lease for the entire 2nd floor at Anchor Centre West, 2201 E. Camelback Rd., Phoenix. Adam Tolson, Principal with Lee & Associates secured the tenant, Avenue5, who will take possession of the 17,974 SF, turn-key space early in 2016. Chris Walker, Michael Beall and Sean Spellman with Cushman & Wakefield… Read More →

Industrial facility will be leveled for office building

4039 E Raymond
by in AZRE Magazine | New to Market | Office

A 64,856 SF manufacturing building at 4039 E. Raymond St. in Phoenix recently sold for $3,600,000 ($55.51 per SF) to make way for a 90,000 SF office building. The property sits on 6.95 acres, strategically located at the NEC of I-10 and 40th St., just south of Phoenix Sky Harbor International Airport. Originally built in the… Read More →

Two Valley shopping centers sell for combined $16.4M

51st Olive Square

Two high-profile shopping centers sold in separate transactions in the past 60 days: Fry’s Food Store-anchored 51st & Olive Square at 5116 W. Olive Ave., Glendale for $9,250,000 ($165.40 per SF) and Playa Del Norte, 555 N. Scottsdale Rd., Tempe for $7,100,000 ($617.44 per SF). At 51st & Olive Square, Lee & Associates principals Patrick Dempsey… Read More →

Lee & Associates promotes Pete Batschelet to principal

hire employee job

Lee & Associates has promoted Pete Batschelet to Principal. Pete began his career in commercial brokerage in 2006. In 2013, he joined Lee & Associates as an Associate and quickly reached Principal status in less than 2 years. “Pete’s enthusiasm and drive have helped him to be very successful in a short period of time. We… Read More →