Newmark Grubb Knight Frank Archives

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 →

Solar installation company buys industrial space in Chandler

by in AZRE Magazine | Brokerage | In The Spotlight

Newmark Grubb Knight Frank (NGKF) announced the sale of 3225 North Colorado Street in Chandler to Sun Valley Solar Solutions. The solar panel installation company purchased the 26,815-square-foot, free-standing industrial building and accompanying 3.3 acres from Washington Street Enterprises Arizona, L.L.C. for $2.7 million or $100.00/square foot. Sun Valley Solar Solutions was represented by NGKF’s… Read More →

GDC/RE founders move retail team to NGKF

123RF.com, Copyright: valeriylebedev

GDC/RE founders Joe Doucett and Tim Gunnink are bringing their team of retail specialists to Newmark Grubb Knight Frank‘s (NGKF) Phoenix office, where the number of real estate professionals has grown fourfold in the past two years. With nearly 25 years of real estate experience between them, Doucett and Gunnink will join the retail division of… Read More →

Newmark Grubb Knight Frank completes 20KSF lease

7360 S Kyrene Photo, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

Newmark Grubb Knight Frank (NGKF) has negotiated a 20,127 square foot lease at the Tempe Commerce Park,  7360 S Kyrene, a 99,384 square-foot Industrial manufacturing building, built in 1996, in Tempe, Ariz. Rob Stephens, Managing Director with NGKF’s Phoenix office represented the Tenant Honeyville Food Products, in the lease transaction. The landlord, Invesco was represented… Read More →

Central Phoenix apartment complex trades in $12.5M investment deal

Bella View Apartments

A 355-unit, central Phoenix apartment community at 2912 E. Indian School Rd., Phoenix, sold for $12,500,000. The price calculates to $35,211 per door. The transaction closed this past July 29. Lee & Associates Principal Todd Braun and associate Will Barnard represented the buyer, SPL Real Estate & Management Co. of Denver. Karl Abert of Newmark… Read More →

Bella View Apartments sell for $12.5M

Bella View Apartments

Newmark Grubb Knight Frank (NGKF) negotiated the $12.5 million sale of the Bella View Apartments located at 2912 E. Indian School Rd , in Phoenix. The property, a 355 unit Class B apartment complex, was built in 1979 and sits on approximately 7.92 acres. Karl Abert, Managing Director with NGKF’s Phoenix office represented the seller,… Read More →