Tag Archives: nai horizon

1888 E Broadway 1, CushWake, WEB

Clean Energy Contractors outgrows its Tempe location

Cushman & Wakefield of Arizona, Inc. negotiated a lease for Clean Energy Contractors, relocating the electrical contracting company to 1888 E. Broadway Rd.

The company leased a 26,023-square-foot space, bringing the property to full occupancy. Clean Energy Contractors took possession of the space this week, relocating from 1856 E. 6th St. in Tempe.

John Grady, Jackie Orcutt and Mackenzie Ford of Cushman & Wakefield’s industrial division represented Clean Energy Contractors in the lease negotiations.

“As a sign of a strengthening economy, it s positive to see companies expanding quickly,” Grady said. “The tenant outgrew its former space within nine months. This property was one of the few remaining in Tempe that offered an available yard suitable for Clean Energy Contractors’ needs.”

Rick Foss and Isy Sonabend of NAI Horizon represented the landlord, Tempe Partnership.

 

NAI Horizon Recent Transactions

NAI Horizon Releases Recent Transactions

Sale Transactions:

John Filli negotiated the sale of 26.8 acres of land, representing the seller, Fieldbrook Payson Partners, LLC, for $2,147,000. The property is Rumsey Ridge Development in Payson, AZ.

Mark Wilcke negotiated the sale of 5.34 acres of land, representing the buyer, Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, for $1,500,000. The property is located at the NEC of Crismon and Baseline Road in Mesa, AZ.

Brad Ranly negotiated the sale of 103 acres of land, representing the seller, Iota Thirty Six, LLC, for $1,354,450. The property is located NW of Kleck Road and Hacienda Road in Casa Grande, AZ.

Barbara Lloyd and Lane Neville negotiated the sale of 18 acres of land, representing the seller, SBAZ Real Estate Holdings, LLC, for $535,000. The property is located at 247th Avenue and Yuma Road in Buckeye, AZ.

LeaseTransactions:

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Windy City Holdings, LLC, in an 88 month retail lease transaction for a 3,074 SF space at 13761 North Litchfield Road in Surprise, AZ. Brad Douglass with Cassidy Turley represented the landlord, Surprise Pointe, LLC.

Barbara Lloyd and Thomas Bean represented the landlord, Tempe CC, LLC, in a 76 month medical lease transaction for a 2,190 SF space at 4515 South McClintock Drive in Tempe, AZ. Jeff Adams with NAI Horizon represented the tenant, JM Legacy, LLC, dba Health Synergy.

Jeff Adams represented the tenant, Western Signs & Lighting, LLC, in a 48 month industrial lease renewal transaction for a 5,693 SF space at 242 West Birchwood Avenue in Mesa, AZ. Darin Edwards with Commercial Properties, Inc. represented the landlord, CWAZ Broadwood 82, LLC.

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, CP6GT, LLC, in a 5 year retail lease transaction for a 1,200 SF space at 5830 West Thunderbird Road in Glendale, AZ. Max Bippus with CBRE represented the tenant, Joe and Michelle Peacock.

Thomas Bean represented the tenant, Emerald Pools and Spas, Inc., in a 58 month industrial lease renewal transaction for a 1,425 SF space at 2401 West Behrend Drive in Phoenix, AZ. Craig Trbovich and Bob Deininger with Commercial Properties, Inc. represented the landlord, Valley North DH, LLC.

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, CP6SP, LLC, in a 39 month lease transaction for a 1,085 SF space at 3108-C South McClintock Drive in Tempe, AZ. Gary Maitha with Upland Group, Inc., represented the tenant, Expert IT Solutions, Inc.

Thomas Bean and Troy Giammarco represented the landlord, TAF Real Estate, LLC, in a 37 month office lease transaction for a 1,298 SF space at 3404 West Cheryl Drive in Phoenix, AZ.

Peggy Johnson represented the landlord, Antonio Ziccarelli, in a 1 year office lease renewal transaction for a 2,091 SF space at 10435 North Scottsdale Road in Scottsdale, AZ.

Jeff Adams represented the tenant, Jason Grossmiller & Arizona Distilling, LLC, in a 36 month industrial lease transaction for a 3,125 SF space at 508 West First Street in Tempe, AZ.

Thomas Bean represented the tenant, Matheson Counseling Services, Inc., in a 36 month office lease transaction for a 714 SF space at 4300 North Miller Road in Scottsdale, AZ.

Thomas Bean and Troy Giammarco represented the landlord, TAF Real Estate, LLC, in a 13 month office lease transaction for a 1,496 SF space at 3404 West Cheryl Drive in Phoenix, AZ. Peggy Johnson with NAI Horizon represented the tenant, Business Strategies, LLC.

Alexandra Loye, GPE, WEB

Alexandra Loye Joins GPE Commercial Advisors

GPE Commercial Advisors welcomed Senior Vice President Alexandra Loye to its brokerage team on Wednesday. Loye brings more than five years of commercial real estate experience throughout the Metro Phoenix area. She specializes in seller, buyer and tenant representation for medical office and office users.

Loye closely tracks the medical office and office market and measures the financial and economic trends affecting the Phoenix market.

Prior to joining GPE, Loye was with NAI Horizon where she worked with clients in the public and private sectors, investors and developers as well as servicers, receivers and REO asset managers. She serves as a committee member on the Developing Leaders Philanthropy Committee of NAIOP (National Association of Industrial and Office Professionals), is involved with AZCREW (Arizona Commercial Real Estate Women) and is a board member for the Epilepsy Foundation of Arizona.

1553 W. Todd Dr.

NAI Horizon Releases Recent Transaction List

Sale Transactions:

Mark Wilcke negotiated the sale of a 25,031 SF industrial property, representing the buyer, G-Love Investments, LLC, for $1.7M. The property is located at 1515 W. Broadway Rd. in Mesa. Tom Semancik with Commercial Properties, Inc. represented the seller, Broadway Holdings, LLC.

Patrick Sheehan and Tom Young negotiated the sale of 12 acres of land, representing the seller, Newell Spencer Shumway, for $1,054,467. The property is located at 4301 W. Broadway Rd. in Phoenix. Jim Ryder with Capital Realty Advisors represented the buyer, NSHE, Mira, LLC.

Jeff Adams negotiated the sale of a 11,600 SF industrial property, representing the seller, Dreyfus Enterprises, LLC, for $950,000. The property is located at 1841 S. Horne St. in Mesa. Rustin Randall with HUB Realty represented the buyer, TANDT Properties, LLC.

Patrick Sheehan and Tom Young negotiated the sale of a 8,800 SF industrial property, representing the seller, Diversified Remarketing, LLC, for $645,000. The property is located at 605-615 South Drew Street in Mesa. Evan Koplan and Mike Parker with CBRE represented the buyer, JRJ Lakeside Properties.

Barbara Lloyd, Lane Neville, Brad Ranly and Hunter Null negotiated the sale of 31,200 SF of land, representing the seller, SBAZ Real Estate Holdings, LLC, for $219,000. The property is located at 2145 and 2150 E. Lemon St. in Tempe. Don Mortenson with LRA Real Estate Group represented the buyer, JWS Development, LLC.

Lease Transactions:

Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Three Fingers, LLC, in a 120 month retail lease transaction for a 5,000 SF space at 1035 W. Queen Creek Rd. in Chandler. Torrey Briegel with Phoenix Commercial Advisors represented the landlord, The Falls Investors, LLC.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Delia’s Cleaners of Arizona, Inc., in a seven-year retail lease transaction for a 2,302 SF space at 9920 S. Rural Rd. in Tempe. Joe Doucett with GDC/RE represented the landlord, SY Warner Ranch, LLC.

Mike Myrick and Alexandra Loye represented the landlord, Donald G. Lyon Family Turst, in a 65-month office lease transaction for a 2,607 SF space at 1553 W. Todd Dr. in Tempe. Ron Moore with Rimrock Companies represented the tenant, Arizona Resource Specialists, LLC.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, EBO Investments, LLC, in a five-year retail lease transaction for a 2,470 SF space at 1809 N. Dysart Rd. in Avondale.

Jennifer Keeler represented the landlord, West Florence Holdings, LLC, in a 60-month retail lease transaction for a 2,000 SF space at 1609 E. Florence Blvd. in Casa Grande.

Isy Sonabend represented the landlord, SB Management, in a two-year industrial lease renewal for a 14,557 SF space at 54 N. 45th Ave. in Phoenix.

Peggy Johnson represented the landlord, Alice Avenue, LLC, in a 50-month office lease transaction for a 1,156 SF space at 1130 E. Missouri Ave. in Phoenix. Debbie Cato with Diamond Properties represented the tenant, Artplay, LLC.

Peggy Johnson represented the landlord, JTR Casa Real, LLC, in a 14-month retail lease transaction for a 1,784 SF space at 3302 N. 3rd St. in Phoenix.

Big Apple West, NAI

NAI Horizon Release Recent Transaction List

Sale Transactions:

  • Mike Myrick, Chris Gerow, Shelby Tworek, and Gabe Ortega negotiated the sale of a 10,346 SF restaurant property, representing the seller, Bill Johnson’s Restaurants, Inc., for $675,000. The property is located at 3101 W. Indian School Rd. in Phoenix. Martin Leon & Chris Corso with DeRito Partners, Inc. represented the buyer, Scott Capital Holdings of Arizona, LLC.
  • Rick Foss and Laurel Lewis negotiated the sale of a 5,018 SF industrial property, representing the seller, Bernards Chandler, LLC, for $600,000. The property is located at 6150 W. Gila Springs Pl., Building N, #26 in Chandler, Ariz. Rod Beach with Cresa Phoenix represented the buyer, Gila Springs Building, LLC.
  • Mike Myrick and Alexandra Loye negotiated the sale of a 2,441 SF medical property, representing the buyer, Reddy GI Associates, for $366,150. The property is located at 595 N. Dobson Rd., Suite A15 in Chandler, Ariz. Roy Grinnell with Benchmark Commercial represented the seller, Victory Associates II, LLC.

LeaseTransactions:

  • Mike Myrick and Alexandra Loye represented the tenant, Arizona Orthopedics, PLLC, in a 65 month medical lease transaction for a 2,930 SF space at 1100 S. Dobson Rd. in Chandler, Ariz. Phil Wurth with Colliers International represented the landlord, SDBP III, LP.
  • Laurel Lewis represented the tenant, Cornerstone Home Lending, Inc., in a 40 month office lease transaction for a 2,771 SF space at 14614 N. Kierland Blvd. in Scottsdale, Ariz. Luke Walker with CBRE represented the landlord, Abart Properties VIII Holding Company, LLC.
  • Mark Wilcke represented the tenant, Sisco’s Fabrication and Custom Body Work, LLC, in a 63 month industrial lease transaction for a 2,851 SF space at 13200 W. Foxfire Dr. in Surprise, Ariz. John Pompay with Cassidy Turley represented the landlord, Foxfire Two, LLC.
  • Tom Bean and Barbara Lloyd represented the landlord, Tempe CC, LLC, in a 52 month office lease transaction for a 1,586 SF space at 4515 S. McClintock Dr. in Tempe, Ariz. Laurel Lewis with NAI Horizon represented the tenant, Two Suns Health Services, LLC
  • Barbara Lloyd and Lane Neville represented the landlord, Pathfinder TRF Four, LLC, in a 38 month office lease transaction for a 2,135 SF space at 8765 W. Kelton Ln. in Peoria, Ariz. Rob Ryan with West USA Commercial represented the tenant, Barress and Barress, LLC.
  • Tom Bean and Laurel Lewis represented the landlord, Hangar Winters Ventures LLC, in a 15 month office lease transaction for a 4,950 SF space at 3135 S. Price Rd. in Chandler, Ariz. Josh Wyss and Bruce Calfee with Cassidy Turley represented the tenant, Insys Therapeutics, Inc.
  • Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, USB NA as Trustee for JPM 2007-LDP12-Maricopa Marketplace, in a three-year retail lease renewal for a 1,080 SF space at 20797 North John Wayne Parkway in Maricopa, Ariz.

 

2525 E. Magnolia St.

NAI Horizon Recent Sale And Lease Transactions

 

Recent NAI transactions:

Sales

>> Richard Foss negotiated the sale of a 36,507 SF industrial property, representing the seller, 2525 E. Magnolia, LLC, for $1.9M. The property is at 2525 E. Magnolia St. in Phoenix.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega negotiated the sale of a 44,020 SF retail property, representing the seller, 450 S. Country Club Dr. LLC, for $765,000. The property is at 450 S. Country Club Dr. in Mesa. Jeff Adams with NAI Horizon represented the buyer, 1321 Terrace LLC.

>> Richard Foss and Sharon Reeves negotiated the sale of 196,201 SF of land, representing the seller, Jozefa and Mark Fit, for $700,000. The property is at 1049 E. Chandler Blvd. Rick Mineweaser with Diamond Pacific Investments, Inc. represented the buyer, Elcor, LLC.

>> Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of a 3,748 SF office property, representing the buyer, Health Information Management Systems, LLC, for $520,000. The property is at 1117 N. 3rd St. in Phoenix. Justin Cirell with ROI Properties represented the seller, 1117 N. 3rd Street, LLC.

>> John Filli negotiated the sale of .821 acres of land, representing the seller, The Peter and Phyllis Eichman Trust, for $400,000. The property is at 2121 S. Power Rd. in Mesa. Paul Holland with Colliers International represented the buyer, Single Tenant Retail, LLC.

>> Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of a 3,400 SF industrial property, representing the seller, Estate of Gregory Lee Gipson, Deceased, for $200,000. The property is at 3512 N. 42nd Ave. in Phoenix. Bonnie Halley with Phoenix West Commercial represented the buyer, San Jose Properties, LLC.

 Leases

>> Stacie Harrison represented the tenant, Pinnacle Perinatal Care, LLC, in an 89-month medical lease transaction for a 3,501 SF space at 7425 E. Shea Blvd. in Scottsdale. Colleen McPherson with Colliers International represented the landlord, Shea Medical, LLC.

>> Jeff Adams represented the tenant, Scottsdale Pain Rehabilitation and Wellness, PLLC, in a 75-month office lease transaction for a 1,927 SF space at 7595 E. McDonald Dr. in Scottsdale. Bobby Raines with Americor represented the landlord, Miller McDonald, LLC and McDonald Building, LLC.

>> Hunter Null, Barbara Lloyd, and Lane Neville represented the landlord, Pathfinder TRF Four, LLC, in a 63-month office lease transaction for a 3,323 SF space at 8765 W. Kelton Ln., in Peoria. Derek Buescher with LevRose represented the tenant, All Valley Home Health Care and Nursing, Inc.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, CP6MF, LLC, in a 101-month retail lease for 1,648 SF space at 1840 E. Warner Rd. in Tempe. Tim Dulany with Colliers International represented the tenant, MCK Enterprises, LLC.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Windy City Holdings, LLC, in a 64-month retail lease for 2,401 SF space at 4705 E. Carefree Hwy. in Cave Creek, AZ. Tom Richards with Voit Real Estate Services represented the landlord, Michael Wilson, Receiver for The Shops at Dove Valley Ranch, LLC.

>> Isy Sonabend represented the landlord, Thunder River Storage, LLC, in a 3-year industrial lease for a 22,080 SF space at 16055 N. Dial Blvd. in Scottsdale. Mark Linsalata with Lee & Associates represented the tenant, American Audio Visual Center, Inc.

>> Thomas Bean represented the tenant, Emerald Pools and Spas, Inc., in a 62-month industrial lease transaction for a 1,725 SF space at 2401 W. Behrend Dr. in Phoenix. Craig Trbovich and Bob Deininger with Commercial Properties Inc. represented the landlord, Valley North DH, LLC.

>> Laurel Lewis represented the tenant, Veterans Home Access, LLC, in a 26-month office lease transaction for a 2,195 SF space at 850 W. Elliot Rd. in Tempe. Ryan Bartos with Cushman & Wakefield represented the landlord, T.W. Lewis Office, LLC.

 

Russ Warner

NAI Horizon Expands Manufactured Housing And Self Storage

 

NAI Horizon announced the hiring of Russ Warner, Senior Vice President, Manufactured Housing and Self Storage.

Warner spent 16 years as an appraiser with Winius Montandon, holding the designation of MAI, and was president of the Phoenix Chapter of the Appraisal Institute in 1999.

In 1997, Warner made the decision to enter brokerage and joined Grubb & Ellis where he focused on Industrial/Office and Investments. He became a partner when the office became a Grubb affiliate and remained there through the transition to BRE and Cassidy Turley.

Warner has specialized for the past 10 years in the sale of  manufactured housing communities, RV parks and self-storage. Over that time he has become one of only a handful of highly recognized experts in these specialized investment segments.

 

780 W. Elliot, Tempe

NAI Horizon Recent Commercial Transactions

 

NAI Horizon announced the following transactions:

Sales

>> Patrick Sheehan and Tom Young negotiated the sale of 3.48 acres of land, representing the seller 3401 S. 39th Ave., Phoenix, LLC, for $379,152.50. The property is at 3401 S. 39th Ave. in Phoenix. Gene Glenn with Glenn McGuire Tharp represented the buyer Prairie Partners, LLC.

>> Laurel Lewis, Chris Gerow, Shelby Tworek, and Gabe Ortega negotiated the sale of a 3,426 SF industrial property, representing the buyer 3B Properties, LLC, for $310,000. The property is at 2221 W. Pecos Rd. in Chandler. Andy Ogan with Lee & Associates represented the seller Pro Well Supply, LLC.

Lease Transactions:

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, JEG-Fit Ray Rd. Ahwatukee LLC, in an 11-year retail lease for a 19,382 SF space at 1020 N. 54th St. in Chandler. Paul Serfin with De Rito Partners represented the landlord 1020 Chandler LLC.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, Anthony Leparulo, in a 5-year retail lease for a 2,600 SF space at 780 W. Elliot Rd. in Tempe.

>> Laurel Lewis represented the landlord, Frye Road Industrial, LLC, in a 38-month office lease for 1,364 SF space at 2727 W. Frye Rd. in Chandler. Colton Trauter with Lee & Associates represented the tenant Visionary Business Works, DBA Fleetronix.

>> Peggy Johnson represented the landlord, Vector Hayden North, in a 40-month office lease transaction for a 1,000 SF space at 10304 N. Hayden Rd. in Scottsdale.

>> Barbara Lloyd and Thomas Bean represented the landlord, Presson Corporation, in a 42-month office lease transaction for a 1,042 SF space at 40 W. Baseline Rd. in Tempe. Steve Halen with Century 21 Arizona Foothills represented the tenant Adam R. Stephenson, LTD.

 

4302 N. 103rd Ave. in Phoenix

NAI Horizon Recent Sales, Lease Transactions

 

Recent sales and lease transactions from the Phoenix office of NAI Horizon:

Sale Transactions:

>> David Cravath negotiated the sale of a 72,520 SF multi-family property, representing the seller BAS Exchange Inc., for $3.8M. The property is at 4302 N. 103rd Ave. in Phoenix. Gerchick Real Estate represented the buyer We Fairway Vista, LLLP.

>> Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of 241,225 SF of land, representing the seller SBAZ Real Estate Holdings, LLC, for $475,000. The property is located at 8118 N. 99th Avenue in Peoria, AZ. Jim Frazey with City to City Commercial represented the buyer Ali Mojaverian.

 

Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of a 27,780 SF retail property, representing the seller SBAZ Real Estate Holdings, LLC, for $470,000. The property is at 5150 W. Northern Ave. in Glendale, AZ. Chris Hollenbeck with Cassidy Turley represented the buyer CIRE Equity.

>> Mark Wilcke negotiated the sale of a 2,000 SF retail property, representing the buyer Native Arizonan Acquisitions VI, LLC, an Arizona limited liability company, for $375,000. The property is at 1821 S. Country Club Dr. in Mesa. Jim Keeley with Colliers International represented the seller Hira and Mamta Gaur.

>> Peggy Johnson negotiated the sale of a 4,324 SF office property, representing the seller Gregory Modesti, for $225,000. The property is at 3138 E. McDowell Rd. in Phoenix. Dan Dobrie with Newmark Grubb Knight Frank represented the buyer GGH, LLC.

Lease Transactions:

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, VTA LTD, in a 10-year retail lease for a 20,090 SF space at 3003 W. Apache Trail in Apache Junction.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, Evin-Phoenix, LLC, in a 10-year retail lease for a 9,664 SF space at 14205 S. 50th St. in Phoenix. Chuck Gibson with SRS Real Estate Partners and Mark Linsalata with Lee & Associates represented the tenant 29 Holdings, LLC dba Mellow Mushroom.

>> John Filli represented the tenant, A World of Tile, in a 5-year retail lease for an 8,027 SF space at 8718 E. Shea Blvd. in Scottsdale. Ryan Amato with Eisenberg Company represented the landlord Regency Centers L.P.

>> Rick Foss represented the landlord, Gerald M. and Diane M. Olson RLT, in a 37- month industrial lease for a 15,098 SF space at 5238 S. 31st Place in Phoenix. Mike Parker and Evan Koplan with CBRE represented the tenant Armor Coat Roof Coatings, Inc.

>> Mike Myrick and Alexandra Loye represented the landlord, Kyrene Office Suites, in a 39-month office lease for a 2,735 SF space at 605 W. Knox Rd. in Tempe. Rod Beach with Cresa Partners represented the tenant Smartlink, LLC.

 

 

NAI Horizon

NAI Horizon Recent Transactions

Sale Transactions:

Rick Foss and Sharon Reeves negotiated the sale of a net leased Starbucks, representing the seller Gerald M. and Diane M. Olson Revocable Living Trust dated February 12, 1994, for $1,000,000. The property is located at 1690 N. Dysart Road in Goodyear, AZ. CBRE represented the buyer R. and G. Arnold Family Limited Partnership.

Barbara Lloyd, Lane Neville, Brad Ranly, and Hunter Null negotiated the sale of 24.27 acres of land, representing the seller SBAZ Real Estate Holdings, LLC, for $850,000. The property consists of 22 lots located on the NWC of 196th Street and Riggs Road in Queen Creek, AZ. Ryan Duncan with Nathan & Associates represented the buyer Maximillian Homes.

Patrick Sheehan and Tom Young represented Grand Opportunities LLC., in the acquisition of a 6,040 SF industrial building, for $400,000. The property is located at 2622 S. 24th Street in Phoenix, AZ. Steve Bodeman and Trevor McKendry with Daum Commercial represented the seller Business Equipment Properties, LLC.

Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of a 4,244 SF office property, representing the seller SBAZ Real Estate Holdings, LLC, for $375,000. The property is located at 1757 E. Baseline Road in Gilbert, AZ. The buyer was Pathfinder TRF B LLC. 

Lease Transactions:

Jeff Adams represented the tenant, Ape Index, in a 60 month lease renewal transaction for a 9,888 SF space at 9700 N. 91st Avenue in Peoria, AZ. The landlord was Reliance Companies I, LLC.

Thomas Bean represented the landlord, La Costa Place, LLC, in an 18 month office lease transaction for a 430 SF space at 4131 N. 24th Street in Phoenix, AZ. The tenant was Joan LaJoie.

About NAI Horizon

Established in 1992, NAI Horizon is a full-service commercial real estate company located in Phoenix, AZ. NAI Horizon offers a full range of comprehensive real estate services including property management; brokerage and appraisal services to local, national and international clients. Serving the greater Phoenix metropolitan area, NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions through 350 offices in 55 countries worldwide. For more information visit www.naihorizon.com or www.naiglobal.com.

4515 S. McClintock in Tempe

NAI Horizon Recent Sale, Lease Transactions

 

Recent sale and lease transactions by NAI Horizon:

Sale Transactions:

>>Mark Wilcke negotiated the sale of a 3,768 SF industrial property, representing the buyer DLC Southwest LLC, for $240,500. The property is at 1716 W. Broadway Rd., Unit #104 in Mesa. The seller was Golden Eagle II, LLC.

>> Mark Wilcke negotiated the sale of 1.37 acres of land, representing the seller Stepp Investments, LLC, for $200,000. The property is at 1642 N. 27th Ave. in Phoenix. The buyer was Jose Vizcarra and Viridiana Vizcarra.

Lease Transactions:

>> Barbara Lloyd, Lane Neville, and Hunter Null represented the tenant, Kutta Technologies, in a 63-month office lease renewal for a 12,049 SF space at 2075 W. Pinnacle Peak in Phoenix.

>> Isy Sonabend represented the tenant, Wasauna, in a 36-month industrial lease renewal for a 19,548 SF space at 2250 W. Broadway Rd. in Mesa. Amy Ceran with Lincoln Property Company represented the landlord, IIT Broadway 101 CC, LLC.

>> Thomas Bean and Barbara Lloyd represented the landlord, Tempe CC, LLC, in a 65- month office lease for a 2,491 SF space at 4515 S. McClintock Drive in Tempe. Paul Sieczkowski, SIOR with Colliers represented the tenant, PK Architects.

>> Peggy Johnson represented the landlord, Norma Clarke, in a 3-year retail lease transaction for a 2,888 SF space at 7114 E. Sahuaro Dr. in Scottsdale.

>> Peggy Johnson represented the landlord, Hayden Park Inc., in a 1-year office lease renewal for a 2,580 SF space at 10603 N. Hayden Rd. in Scottsdale. Matt Coxhead with Cushman & Wakefield represented the tenant, Apex Learning Inc.

>> Tom Bean represented both the landlord, La Costa Place, LLC, and the tenant, Marvin Forte TRADENAME BravoForte, in a 12-month lease transaction for a 422 SF space at 4131 N. 24th St. in Phoenix.

 

 

 

Ian Turner

NAI Horizon Expands Valuation Services Group

 

NAI Horizon named Ian Turner as the newest addition to the Valuation Services Group.

Turner has more than 20 years of experience in the construction, brokerage and development fields. He has also participated as a principal and asset manager of multi-family investments.

Prior to joining NAI Valuation, he oversaw his own development and consulting firm in Phoenix, during which he managed the purchase, rezoning, and entitlement of raw land as well as both horizontal and vertical site improvements.

As a consultant Turner has performed extensive due diligence, financial analysis and feasibility studies, and construction management. As an analyst he has been involved in appraisal of gravel quarries, mobile home parks, multifamily complexes and industrial properties.

Turner received his master’s in Real Estate Development (MRED) from Arizona State University in 2008. He holds both a real estate broker’s license as well as contractor’s license with the state of Arizona.

 

Donna Bradford

NAI Horizon Expands Property Management Services Team

 

NAI Horizon has added Donna Bradford as a new member of the rapidly expanding Property Management Services team.

Bradford comes to NAI Horizon with 8 years of experience in the property management industry and will serve as Assistant Property Manager.

Most recently, Bradford was with Case Huff & Associates as Assistant Property Manager and Lease Administrator where she was responsible for more than 60 retail, office and residential properties including receiverships.

Bradford is a goal- and detailed-oriented professional with experience in facilities and property management with emphasis in standardizing reporting procedures.

In addition to traditional property management experience, she brings with her a unique perspective having worked in-house property management for a large retailer.

 

Dave-MacKenzie

NAI Horizon Expands Multi-Family Investment Group

 

The NAI Multifamily Investment Group added Dave MacKenzie to the team.

MacKenzie brings to NAI Horizon 15 years of commercial real estate experience including ownership, development, management and brokerage of multi-family properties throughout North America.

His primary focus is within the private client group of NAI; this group specifically offers properties to individuals, family trusts and private investment groups.

MacKenzie brings a unique blend of determination and creativity in achieving the goals of multifamily clients as evidenced by 20 multi-family transactions over the past 3 years in the Phoenix market. Dave has been involved in the acquisition of more than 4,200 units in 18 multi-family communities in Metro Phoenix.

MacKenzie brings multi-family development, construction, acquisition and disposition experience to our multi-family team.

He attended the University of Calgary and Mount Royal University in Canada.

 

1485 W. Vaughn, Tempe

NAI Horizon Recent Sales and Lease Transactions

 

 

Recent NIA transactions:

 Sales

>> Lane Neville, Barbara Lloyd, Hunter Null, and Brad Ranly negotiated the sale of a 36,844 SF retail property, representing the seller C-III Asset Management, for $3M. The property is at 17014, 17058, and 17092 W. Bell Rd. in Surprise. The buyer was Desert Capital Venture, LLC.

>> Mike Myrick and Alexandra Loye represented Endovascular Medical, LLC., in the acquisition of a 14,500 SF office property, for $1.5M. The property is at 333 N. Dobson Rd. in Chandler. Steve Gonzalez and Neil Waldman with Marcus & Millichap represented the seller, Stearns Summit Holding Company, LLC.

>> Richard Foss and Stacie Harrison negotiated the sale of a 22,888 SF industrial property, representing the seller PMC Holdings, LLC., for $1.48M. The property is at 485 W. Vaughn St. in Tempe. Matt McDougall with Lee & Associates represented the buyer, 85 LLC.

>> Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of a 7,637 SF retail property, representing the seller SBAZ Real Estate Holdings, for $410,000. The property is at 801 N. Highway 79 in Florence. Duane Nagata with DPR Realty represented the buyer, Duane Nagata.

Leases

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Zipps Citadelle, LLC., in a 126-month retail lease for a 9,165 SF space at 19420 N. 59th Ave. in Glendale. Cliff Johnston with Cassidy Turley BRE represented the landlord, Citadelle Center, LLC.

>> Peggy Johnson represented the tenant, AZ Youth & Family Services, in a 3-year office lease renewal for a 11,068 SF space at 55 E. Thomas Rd. in Phoenix.

>> Stacie Harrison represented the tenant, McLarens Young International, in a 65-month office lease for a 1,856 SF space at 17015 N. Scottsdale Rd. in Scottsdale. Mike Garlick with Lee & Associates represented the landlord, United Insurance Company of America.

>> Peggy Johnson represented the tenant, American Family Insurance, Zdrale Agency, in a 39-month office lease for a 1,471 SF space at 7001 N. Scottsdale Rd. in Scottsdale. Steve Whitehead with Lee & Associates represented the landlord, Scottsdale Seville.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Delias Cleaners, Inc., in a 3-year retail lease extension for a 1,300 SF space at 20959 N. 83rd Ave. in Peoria.

>> Tom Bean and Barbara Lloyd represented the landlord, Arcadia Village Shops, LLC., in a 6-month office lease transaction for a 628 SF space at 4041 E. Thomas Rd. in Phoenix.

 

5125 & 5151 N. 16th Street in Phoenix

NAI Horizon Recent Sales and Lease Transactions

 

NAI Horizon recent transactions:

Sales: 

Lane Neville, Barbara Lloyd, Hunter Null, Brad Ranly and Thomas Bean negotiated the sale of a 63,980 SF office property, representing the seller C-III Asset Management, for $3,750,000. The property is located at 5125 & 5151 N. 16th Street in Phoenix, Arizona.

>> Patrick Sheehan and Tom Young negotiated the sale of a 40,000 SF industrial property, representing the seller Western Organics, Inc., for $1.5M. The property is at 775 S. 51st Ave. in Phoenix. Joe Carroll with Resource One represented the buyer, Copart of Arizona, Inc.

>> Mike Myrick and Alexandra Loye negotiated the sale of a 12,034 SF office property, representing the seller BGS Investments, LLC., for $1.383M. The property is at 3170 S. Gilbert Rd. Building 9, Units 120-123 in Chandler. Tanner Milne with Menlo Group Commercial Real Estate represented the buyer, Cambridge Plaza, LLC.

>> Mark Wilcke represented Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-Day Saints, in the acquisition of 6 acres of land, for $1.14M. The property is at 19843 S. Power Rd. in Queen Creek. The seller was LeSueur Investments VI, LLC & Eloy 660, LLC.

>> Stacie Harrison represented ABRAW, LLC., in the acquisition of a 4,360 SF retail property, for $290,000. The property is at 2439-2445 E. Thomas Rd. in Phoenix. Sharon Reeves and Rick Foss with NAI Horizon represented the seller, Bailey Plaza, LLC.

Leases:

>> Jeff Adams represented the tenant, KnJCoury, Inc., in a 65-month industrial leasefor a 10,310 SF space at 1050 N. El Mirage Rd. in Avondale. Justin LeMar, Mike Gilbert, and Gary Anderson with Cassidy Turley represented the landlord 1050 North El Mirage Road-Avondale LLC.

>> Mike Myrick and Alexandra Loye represented both the landlord, Kyrene Office Suites, LLC., and the tenant, EnCore Consulting, LLC., in a 27-month office lease for a 1,318 SF space at 605 W. Knox Rd. in Tempe.

>> Peggy Johnson represented the landlord, Alice Avenue, LLC., in a 3-year office lease for a 429 SF space at 1130 E. Missouri Ave. in Phoenix.

 

 

rsz_propertymanagement

NAI Horizon Q1 2013 Economic Outlook: Next 3 Months Hold the Key

 

As we move into 2013, the second quarter will give great insight about how the rest of the year will unfold. With Q1 starting off slower than anticipated in terms of completed deals, the next three months will tell the story of the year as the market takes shape in Phoenix.

While the market seems to be heavy with interest and businesses looking for the right fit, there is still hesitancy to pull the trigger; owners know they have the freedom to be more thorough in their choices and weigh all options before taking the plunge. Rents seem to have stabilized across the board while landlord concessions have shown signs of tightening.

Despite Phoenix’s bumpy housing market history, the metro area continues to grow at remarkable rates. Based on updated population change percentages from 2000 through 2012, Metro Phoenix ranked 7th in the U.S., beating Houston, San Antonio and Dallas Fort Worth as Texas has become direct competition as the other hot spot for businesses fleeing the West Coast.

The Metro Phoenix population increased 32% from 2000-2012, and increased 2.3% from mid-2011 to mid-2012, roughly twice the national average. With that, interest has been coming back to Arizona from companies who may have skipped over Metro Phoenix during the peak in our market in 2003 and 2004. With the wealth of possibilities in our market now, it is a prime alternative to the west coast.

The unemployment rate in Greater Phoenix as of February is 6.7%, down from 7.2% in January of this year and 7.7% in February 2012, according to the Department of Administration. For comparison, Arizona added 22,900 jobs in February of this year; from 2004 through 2007, the state added between 31,000 and 44,000 jobs in the months of February, before the recession hit.

Nationally, the unemployment rate fell slightly to 6.7% as of March, but only due to the 496,000 people who left the labor force. March posted the lowest job count in nine months, at only 88,000 jobs created. While these figures may be partly due to a wintery March and the increased taxes that began in 2013, the disappointing numbers could start to set the tone for the new American workforce.

Just 63% of American adults are now working or looking for work, the lowest percentage since 1979. Economic factors affecting businesses continue to shift the make-up of our work force, redefining part time and full time employment mixes and changing the way the average American earns a living and spends those earnings.

Nationally, a mild housing rebound and steady employment gains continue to support moderate economic growth. In the commercial real estate sector, U.S. properties showed a 24% increase in sales volume over last year, and rent growth in the office, industrial, multi-family and retail sectors is projected to continue through 2014.

The nation seems to be settling into a “new normal” with slight but steady improvements. Secondary markets such as Seattle, Austin, Baltimore and Phoenix cited significant year over year investment gains illustrating the regrowth of areas hit hard by the recession.

George Ratiu, Manager of Quantitative and Commercial Research for the National Association of Realtrors, who hosted the CCIM Institute’s Feb. 27 webinar, “The 2013 Economy and Its Effect on Commercial Real Estate,” shared that his projections included a continuing momentum for the economic recovery:

“I feel more optimistic about the economy’s direction than I did even just a few months ago.”

Such optimism gives hope that we are leaving recovery mode and getting back to a new kind of business as usual.

1900 W. Frye Rd., Chandler

NAI Horizon Recent Sales, Lease Transactions

 

Recent NAI Horizon transactions:

Sales:

>> Barbara Lloyd, Lane Neville, Brad Ranly and Hunter Null negotiated the sale of a 81,279 SF retail property, representing the seller C-III Asset Management, for $2,500,000. The property is at 1020-1050 E. Pecos Rd. in Chandler.

>> Mike Myrick and Alexandra Loye negotiated the sale of a 2,008 SF medical property, representing the seller T56, LLC, for $512,040. The property is at 1900 W. Frye Rd. in Chandler. Roy Grinnell with BenchMark Realty represented the buyer Professional Capital Development Group, LLC.

>> Barbara Lloyd, Lane Neville and Hunter Null negotiated the sale of a 50,192 SF land property, representing the seller SBAZ Real Estate Holdings, for $500,000. The property is at 5500 E. San Miguel Ave. in Phoenix. Brian Matlock with GO 4 CASH FLOW represented the buyer Bluelight, LLC.

Leases

>> Isy Sonabend represented the landlord, 4 P’s Partnership, in a 10-year land lease renewal transaction for 10 acres at 3232 S. 48th St. in Phoenix.

>> Richard Foss represented the tenant, The Hertz Corporation, in a 65-month retail lease transaction for a 1,522 SF space at 1147 E. Camelback Rd. in Phoenix.

>> Barbara Lloyd and Thomas Bean represented the landlord, Presson Corporation, in a 56-month office lease transaction for a 1,320 SF space at 40 W. Baseline Rd. in Tempe. Jackie Orcutt with Cushman & Wakefield represented the tenant PSI Services, LLC.

>> Peggy Johnson represented the landlord, BALJJ Holdings I, LLC, in a 2-year office lease for a 850 SF space at 6615 N. Scottsdale Rd. in Scottsdale.

>> Peggy Johnson represented the landlord, BALJJ Holdings I, LLC, in a 1-year office lease for a 1,226 SF space at 6615 N. Scottsdale Rd. in Scottsdale.

>> Peggy Johnson represented the landlord, Mealman Properties LLC, in a 15-month office lease for a 532 SF space at 4375 N. 75th St. in Scottsdale.

 

48 W. Northern Ave., Glendale

NAI Horizon Recent Sale and Lease Transactions

 

NAI Horizon recent transactions:

Sales:

>> Sharon Reeves negotiated the sale of a 19,800 SF retail property, representing the seller D.Y. Property, LLC., for $1.58M. The property is at 5048 W. Northern Ave. in Glendale. Justin Haefner with Strategic Retail Group represented the buyer 5048 W Northern Avenue, LLC.

>> Jeff Hays and Sharon Reeves negotiated the sale of a 1,999 SF retail property, representing the seller Circle K Stores, Inc., for $900,000. The property is at 1945 S. Stapely Dr. in Mesa. BRE Commercial represented the buyer Evergreen-Baseline & Stapely, LLC.

>> Barbara Lloyd Lane Neville, Brad Ranly, and Hunter Null negotiated the sale of a 46,894 SF industrial property, representing the seller SBAZ Real Estate Holdings, for $620,000. The property is at 5530 W. Bethany Home Rd. in Glendale. Arnold Morales with Armor Investment Company represented the buyer Ramirez Investments, LLC.

>> Patrick Sheehan and Tom Young negotiated the sale of a 5,320 SF industrial property, representing the seller, World Corporation, for $365,000. The property is at 1547 E. Broadway Rd. in Phoenix. Jon Hammond with KW Commercial represented the buyer Durpen Investments, LLC.

>> Barbara Lloyd Lane Neville, Brad Ranly, and Hunter Null negotiated the sale of a 1,893 SF office property, representing the seller SBAZ Real Estate Holdings, for $220,000. The property is at 8671 W. Union Hills in Peoria. Eric Coffey with Russ Lyon represented the buyer Ohana Union Hills, LLC.

Leases: 

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, CSK Auto Inc., in a 118-month retail lease for a 7,000 SF space at 21041 N. Cave Creek Rd. in Phoenix. Greg Saltz with DeRito Partners represented the tenant Pet Club Gilbert, LLC.

>> Alexandra Loye and Mike Myrick represented the tenant, First Internet Bank of Indiana, in a 38-month office sublease transaction for a 5,670 SF space at 51 W. 3rd St. in Tempe. Kathleen Foster with Cresa Partners represented the landlord Logan Simpson Design Inc.

>> Mark Wilcke represented the landlord, 24th Street Properties LLC., in a 36-month retail lease renewal for a 4,388 SF space at 4028 N. 24th St. in Phoenix. Drew Dumbrell with Business Condo Experts represented the tenant Wedge Automotive, LLC.

>> Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Winreal Operating Co. L.P., in a 60-month retail lease for a 1,284 SF space at 1345 W. McDowell Rd. in Phoenix. Scott Ellsworth with SRS Real Estate represented the tenant Loan Max, LLC.

>> Peggy Johnson represented the landlord, Mealman Properties, LLC., in a 38-month retail lease for a 1,250 SF space at 4375 N. 75th St. in Scottsdale.

 

1859 W. Guadalupe Rd.  in Mesa

NAI Horizon Recent Sales, Lease Transactions

 

 

NAI Horizon recent transactions:

Sales:

>> David Cravath negotiated the sale of a 51,200 SF multi-family property, represented the seller Southwest Real Property Investments, LLC., for $1.9M. The property is at 2726 W. Augusta Ave. in Phoenix. Linda Gerchick with Gerchick Real Estate represented the buyer, We El Descanso, LLLP.

>> Lane Neville, Brad Ranly, Barbara Lloyd, and Hunter Null negotiated the sale of a 35,950 SF retail property, represented the seller C-III Asset Management, for $1.435M. The property is at 4139 W. Bell Rd. in Phoenix. The buyer is Tavaco Properties, LLC.

>> Lane Neville, Brad Ranly, Barbara Lloyd, and Hunter Null negotiated the sale of 1.98 acres of land represented the seller, SBAZ Real Estate Holdings, for $320,000. The property is at 9606 W. Van Buren St. in Tolleson. The buyer is R Safe Self Storage.

>> Mark Wilcke represented both the seller, Allen D. White & Maria J. White, and the buyer, Darren Skarecky and Heather Skarecky, in the sale of 1.46 acres of land, for $101,000. The property is on Sossaman Road, South of Queen Creek Road in Queen Creek.

Leases:

>> Jennifer Keeler represented the landlord, Pavilions Shopping Center Limited Partnership, in a 5-year retail lease for a 4,000 SF space at 1859 W. Guadalupe Rd. in Mesa. Bob Kawa with Kawa & Associates represented the tenant, Auntie Pastos.

>> John Filli represented the tenant, R & D Distributors, Inc., in a 65-month industrial lease for a 5,610 SF space at 3801 E. Roeser Rd. in Phoenix. Randy Warner with Arizona Industrial Properties represented the landlord, Park 40 General Partnership.

>> Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GC, LLC., in a 60-month retail lease for a 2,400 SF space at 5044 W. Olive Ave. in Glendale.

>> Mike Myrick and Alexandra Loye represented the landlord, Alexander Michael & Sandra L TRS, in a 24-month office lease renewal for a 1,955 SF space at 6877 S. Kings Ranch Rd. in Gold Canyon.

>> Peggy Johnson represented the landlord, BALJJ Holdings I, in a 36-month retail lease for a 875 SF space at 7117 E. Sahuaro in Scottsdale.

 

 

 

About NAI Horizon

 

Established in 1992, NAI Horizon is a full-service commercial real estate company located in Phoenix, Arizona. NAI Horizon offers a full range of comprehensive real estate services including property management; brokerage and appraisal services to local, national and international clients. Serving the greater Phoenix metropolitan area, NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions through 350 offices in 55 countries worldwide. For more information visit www.naihorizon.com or www.naiglobal.com.

1917 E. University Dr., Phoenix

NAI Horizon Recent Transactions

 

Recent lease transactions from NAI Horizon:

>> Laurel Lewis represented the tenant, Air Methods Corporation, in a 72-month office lease for a 4,493 SF space at 1620 S. Stapley Dr. in Mesa. Dave Seeger with Cushman & Wakefield represented the landlord, Stapley Office Inc.

>> Mike Myrick and Alexandra Loye represented the tenant, Paradise Valley Endodontic Group, PLLC., in a 10-year office-medical lease for a 1,541 SF space at 10555-10599 N. Tatum Blvd. in Paradise Valley. Tom Weinhold with Cassidy Turley represented the landlord, Mountain View Medical Center, LLC.

>> Laurel Lewis represented the tenant, Bernards Bros. Inc., in a 39-month office lease  for a 4,356 SF space at 8950 S. 52nd St. in Tempe. Chris Walker with Cushman & Wakefield represented the landlord, One Agave, LLC.

>> Jeff Hays and Chad Neppl represented both the landlord, Greg and Jacqui Modesti and the Reed Family Trust, and the tenant, Biodynamic Manufacturing, LLC., in a 65- month industrial lease for a 10,606 SF space at 1917 E. University Dr. in Phoenix.

>> Tom Bean and Troy Giammarco represented the landlord, TAF Real Estate, LLC., in a 60-month office lease for a 1,300 SF space at 3310-3404 W. Cheryl Dr. in Phoenix.

>> Mark Wilcke represented the tenant, SAN TAN TACTICAL, LLC., in a 38-month industrial lease for a 3,520 SF space at 2223 W. Pecos Rd. in Chandler.

>> Paul Honeycutt and Jennifer Keeler represented the landlord, Pavilions Shopping Center, LP, in a 25-month retail lease for a 3,736 SF space at 1837 W. Guadalupe Rd. in Mesa.

 

16055 N. Dial Blvd., Scottsdale

NAI Horizon Recent Transactions

 

NAI Horizon recent sale and lease transactions:

Sales

>> Isy Sonabend negotiated the sale of a 2,781 SF industrial space, representing the seller, Juanita Cooper, for $275,000. The property is located at 16055 N. Dial Blvd. in Scottsdale. Jim Lieberthal with Cutler Commercial represented the buyer, JK Assets, LLC.

Lease

>> Stacie Harrison represented the tenant, Arizona Luxury Real Estate, LLC., in a 5-year retail lease transaction for a 2,354 SF space at 20301 N. Hayden Rd. in Scottsdale. Jason Bowles with the Pederson Group represented the landlord, Hayden & Thompson Peak, LLC.

>> Michael Myrick and Alexandra Loye represented the tenant, Southwest Pediatric Endocrinology, PLLC., in a 65-month office lease transaction for a 2,663 SF space at 8840 E. Chaparral Rd. in Scottsdale. Corey Hawley with CBRE represented the landlord, DEVCO.

>> Peggy Johnson represented the landlord, Vector Hayden North, LLC., in a 5-year office lease renewal transaction for a 3,591 SF space at 10304 N. Hayden Rd. in Scottsdale. Craig Jablin with Studley represented the tenant, Liberty Mutual Insurance Company.

>> Laurel Lewis represented the landlord, Frye Road Industrial, LLC. in a 52-month office lease transaction for a 2,923 SF space at 2727 W. Frye Rd. in Chandler.

>> John Filli represented the tenant, Kintetsu World Express (U.S.A.), in a 37-month industrial lease renewal transaction for a 4,950 SF space at 3626 E. Southern Ave. in Phoenix.

>> Jennifer Keeler represented the landlord, Watson & Yuma Properties, LLC., in a 4- year retail lease transaction for a 1,200 SF space at 1300 S. Watson Rd. in Buckeye.

>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, Alameda Avondale, LLC., in a 38-month retail lease transaction for a 1,200 SF space at 1729 N. Dysart Rd. in Avondale.

>> Peggy Johnson represented the landlord, Vector Hayden North, LLC. in a 2-year office lease renewal transaction for a 1,007 SF space at 10304 N. Hayden Rd. in Scottsdale.

 

4360 E. Brown Rd.  Mesa

NAI Horizon Recent Sales and Leasing Transactions

 

NAI Horizon Recent Sales and Leasing Deals:

Sale Transactions:

>> Jeff Hays and Chad Neppl represented Star Plus, LLC., in the acquisition of a 17,000 SF industrial building, for $500,580. The property is at 102 S. 28th St. in Phoenix. Hani Aldulaimi with KW Commercial represented the seller, FCA Property, L.L.C. II.

Lease Transactions:

 >> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the tenant, Goldman Group XIII, LLC., in a 15-year retail lease for a 6,168 SF space at 690 S. Mill Ave. in Tempe. Ryan Eustice with SRS Real Estate Partners represented the landlord, Centerpoint Holdings, LLC.

>> Thomas Bean, Laurel Lewis, and Josh Landers represented the landlord, Butte RKM, LLC., in a 65-month office lease for a 2,669 SF space at 4360 E. Brown Rd. in Mesa. Justin Horwitz with Sperry Van Ness represented the tenant, Clinical Holding Company of Arizona, LLC.

>> Michael Myrick and Alexandra Loye represented the landlord, Jokake Investments, LLC., in a 24-month office lease for a 2,141 SF space at 5009-5013 E. Washington St. in Phoenix. Bob Rieden with Lee and Associates represented the tenant, Yellowbooks, Inc.

>> Isy Sonabend represented the landlord, SB Management in a 61-month industrial lease for a 7,282 SF space at 54 N. 45th Ave. in Phoenix. Steve Cross with Realty USA represented the tenant, Fore Supply Company, Inc.

8698 E. Raintree, Scottsdale

NAI Horizon Recent Transactions

Recent transactions from NAI Horizon:

Sales

>> Barbara Lloyd, Brad Ranly, Lane Neville and Hunter Null negotiated the sale of a 29,000 SF retail building, representing the seller, C-III Asset Management for $3.2M. The property is at 8698 E. Raintree in Scottsdale. The buyer is NHD Equity Partners, LLC.

>> Barbara Lloyd negotiated the sale of a 3,204 SF medical building, representing the seller, Patricia Gail Beltramo Trust, for $330,000. The property is at 6677 W. Thunderbird Rd. in Glendale. Craig Trbovich with CPI represented the buyer, Pace Ventures, LLC.

>> Jeff Hays and Chad Neppl negotiated the sale of a 6,544 SF office building, representing the seller, Zions First National Bank, for $327,200. The property is at 616 E. Southern Ave. in Mesa. Golden Manor Realty, LLC., represented the buyers,Yao Hui Xu and Shize Zhang Xu.

Leases

>> Peggy Johnson represented the landlord, Alva Pinchot, LLC., in a 1-year office lease renewal for a 12,786 SF space at 2944 N. 44th St. in Phoenix.

>> Peggy Johnson represented the landlord, Alva Pinchot, LLC., in a-3 year office lease renewal for a 3,492 SF space at 2944 N. 44th St. in Phoenix,.

>> Peggy Johnson represented the landlord, Alva Pinchot, LLC., in a 2-year office lease  for a 2,251 SF space at 2944 N. 44th St. in Phoenix. Steve Farrell with Lee & Associates represented the tenant, Kyrsten Sinema’s District Office.