Newmark Grubb Knight Frank Archives

NAI Horizon adds Eric Forshee as business development director

Eric Forshee
by in AZRE Magazine

Industry veteran Eric Forshee, has joined NAI Horizon as Director of Business Development. A resident of Cave Creek, Ariz., Forshee has more than 28 years of commercial real estate experience. He comes to NAI Horizon after nine years at Newmark Grubb Knight Frank (and Grubb & Ellis) as national director of business development for property… Read More →

Huhtamaki picks Goodyear for manufacturing facility

by in AZRE Magazine | Industrial

Finland-based food packaging firm, Huhtamaki North America, acquired a 750,000-square-foot rail-served manufacturing and distribution facility at the Cotton Lane Commerce Park in Goodyear, according to an announcement from Newmark Grubb Knight Frank. Huhtamaki has indicated its intent to exceed $100 million in capital investment at the site, with the goal of building a “21st century… Read More →

NAI Horizon reports $16.74M worth of sales, 11 lease transactions

123rf.com: feverpitched
by in AZRE Magazine | Brokerage

NAI Horizon recently announced several of its sales and leases that were finished by late July. During that time period, NAI Horizon reported $16.74 million worth of sales, and eleven lease transactions. Sale Transactions: Russ Warner negotiated the sale of a 20.09 AC Mobile Home & RV Park property, representing the seller, Destiny-Phoenix West, LLC,… Read More →

AZRE Forum recap and Live Blog

AZRE Forum
by in AZRE Magazine

Last night, AZ Big Media hosted the AZRE Forum, where a packed crowd of commercial real estate pros listened in on a mid-year market update from some of the Valley’s premiere experts.   Photos by Shannon Finn and Mike Mertes About 300 people were in attendance and they heard a breakdown on the state of the… Read More →

Meet us at the AZRE Forum

AZRE Forum_DSC_0906
by in AZRE Magazine | Events

As the summer months continue to bring the heat, AZRE magazine is doing the same with its commercial real estate mid-year update and forecast on Thursday, July 21 at the Camby from 3:30 p.m. to 6:30 p.m. The AZRE Forum will bring a panel of Arizona’s top commercial real estate experts, yielding in-depth discussions of economics, development… Read More →

KBS REIT III renews lease at Anchor Centre

Anchor Centre
by in AZRE Magazine | Brokerage | Office

KBS Real Estate Investment Trust III (“KBS REIT III”), a non-traded real estate investment trust based in Newport Beach, California, announced the renewal of a 16,194-square-foot lease by Northwestern Mutual, a financial planning company, at Anchor Centre. The Class A, two-building office complex totals 333,014 square feet and is located in Phoenix’s Camelback Corridor. Northwester Mutual’s… Read More →

Presson Corp buys Jackson Street industrial property

Presson Corp
by in AZRE Magazine | Brokerage | Industrial

Newmark Grubb Knight Frank (NGKF), announced the sale of Jackson Street Industrial by Tiernay Properties Inc., a 307,164 square-foot industrial property located on four city blocks in central Phoenix. Built in the 1920s, the property was originally home to the Arizona Compress and Warehouse Co. building. Located at 1245-1555 E. Jackson St., the warehouse was built… Read More →

Monroe Building opens new creative workspaces

Monroe Building
by in AZRE Magazine | Office

According to the National Association of Industrial and Office Properties, the concept of a traditional office building is long gone, making way for the kind of creative spaces that caters to highly sought-after knowledge-based companies, many of which employ primarily millennial workers between the ages of 25 to 40. Companies are looking for office space… Read More →

NGKF represents Bealls in Southwest expansion

shopper
by in AZRE Magazine | Retail

Newmark Grubb Knight Frank (NGKF) announced the Southwest expansion of privately-owned Bealls Inc. (Bealls Outlet and Burkes Outlet), a national off-price retailer, in Phoenix, Albuquerque, Tucson and Las Vegas. Represented by Tim Westfall and Joe Doucett with NGKF Arizona Retail, Bealls closed seven transactions in the last quarter for more than 136,000 square feet. The… Read More →

RIESTER HQ moves to the Camelback Corridor

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by in AZRE Magazine | Office

RIESTER moved its offices to a more spacious and centrally situated building in the Phoenix-metro area. ‘RIESTER on Camelback’ is located at 3344 E. Camelback Road and marks a new era for the Firm that formerly operated for more than 18 years from two adjacent buildings in the Roosevelt Historic District. RIESTER’s move was made possible by… Read More →

NGKF Handles $141M sale of Phoenix medical office portfolio

IMS

Newmark Grubb Knight Frank’s (NGKF) Phoenix office, in collaboration with Global Healthcare Services, announced the completion of a $141 million sale of the Integrated Medical Services portfolio encompassing four Class A medical office buildings totaling 406,894 square feet. This portfolio sale sets a new record for the Phoenix Metro area as the highest price paid… Read More →

Ranking Arizona party celebrates state’s top companies

RankingAZ-BestoftheBest2015-51

Hundreds of Arizona’s top business leaders descended onto The Venue Scottsdale Thursday for Ranking Arizona’s Best of the Best Bash. “This party tonight is to celebrate the nearly 2,000 companies that are featured in Ranking Arizona,” said Michael Gossie, editor in chief of AZ Big Media, which publishes Ranking Arizona. “You are the innovators. You… Read More →

Fenway Properties purchases former bank and data center for $1.33M

by in AZRE Magazine | Brokerage | In The Spotlight

Newmark Grubb Knight Frank (NGKF), global full-service commercial real estate advisor, announced the sale of 3615 North 27th Avenue in Phoenix, AZ to Fenway Properties. The real estate investment company purchased the two-building, 120,000-square-foot property from Litmath LLC for $1,330,000, or $11.00 per square foot. San Diego-based Fenway Properties is an active area property owner with… Read More →

Leslie’s Poolmart to open new storefront on Indian School

Leslie's Poolmart rendering, courtesy of Newmark Grubb Knight Frank

Newmark Grubb Knight Frank (NGKF) announced the opening of a new retail store for Leslie’s Poolmart, Inc. (Leslie’s) at 2005 E. Indian School Road. The nation’s leading retailer of swimming pool supplies and related products leased 4,500 square feet of a new 6,500 square foot retail building developed by DM Ventures I, LLC. The new… Read More →