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Kyrene Corporate Center, CBRE

Kyrene Corporate Center sells to retail mortgage lender

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 and Tempe, especially, continues to be a place in which office users want to locate,” said Calihan. “This purchase allows RMK Holdings to not only enter a highly sought-after submarket from an investor standpoint, but also gives the company more control over their own operations as well.”

RMK Holdings is a joint venture between Kent Nielson, Ryan Sandell and Michael Jones, the local principals of Primary Residential Mortgage, Inc. (PRMI), one of the largest retail mortgage lenders in the nation. RMK Holdings will lease 15,000 square feet of Kyrene Corporate Center to PRMI. This location will serve as PRMI’s primary office for the Arizona market, which is being relocated from San Tan Corporate Center II in Chandler. PRMI has four offices through out the Valley and one in Flagstaff.

“Kyrene Corporate Center is in an excellent location and offers us the ability to continue to grow our business while having better control over our operating expenses for PRMI,” said Kent Nielson. “We are anticipating the metro Phoenix housing market will continue to strengthen in 2015 and this purchase and lease with PRMI means we will be well-positioned to better serve our clients as this demand increases.”

Kyrene Corporate Center is located just a mile and a half from the full-diamond interchange at Warner Road and the I-10 freeway. The property was approximately 50 percent leased at time of sale. Tenants include enChoice, Inc., Triton Medical Solutions and Great American Title Agency.

Celebration of Fine Art logo

The 23rd Annual Celebration Of Fine Art Brings 100 Artists To Scottsdale

The finest works of art from one hundred artists are currently on display at the 23rd annual Celebration of Fine Art in Scottsdale, Ariz. The event kicked off on January 12 and will continue through March 24.

Taking place at the southwest corner of Hayden Rd. and Lp. 101, the event is a juried, invitational show and art sale that features more than 40,000 square feet of working studios and artworks with styles ranging from realistic, impressionistic and Western realism to abstract and contemporary.

The Celebration of Fine Art also houses a sculpture garden with nearly 100 pieces of life-sized and monumental sculptures from Kyle Ashley, Mark Carroll, Gedion Nyanhongo, Dave L. Mure Jr., Paul Rhymer, Michael Jones, Ken Newman and Bryce Pettit, among others. Visitors can also watch daily firings at a working kiln.

Deemed “One of the West’s Premier Art Events” by Art & Antiques magazine, the event attracts more than 50,000 visitors with annual sales topping $5 million per year. Nearly 90 percent of visitors make it an annual tradition due to its comfortable and inviting atmosphere to interact with artists.

“The Celebration of Fine Art truly is unique to Arizona,” said Susan Morrow Potje, co-owner and show director. “It hasn’t been replicated anywhere in the country. Visitors count on our great quality art, welcoming experience and interaction with the artists. From first-time visitors to long-time collectors, our guests say they look forward to returning year after year.”

The event is open to guests of all ages. Tickets are $10 for adults, $8 for seniors and military, and free admission for children under 12. Tickets are all-event passes and good for the entire 10-week show.

For show details and information on participating artists, please visit celebrateart.com.

Celebration of Fine Art

When: Saturday, January 12 – Sunday, March 24, 10 a.m. – 6 p.m. daily
Where: The southwest corner of Hayden Road and Loop 101, off Exit 35
Cost: $10 for adults, $8 for seniors and military, and free admission for children under 12. The tickets are good for the entire 10-week show.
Contact: (480) 443-7695
Online: celebrateart.com