pat dempsey Archives

Continental Plaza sells for $1.6M

Continental Plaza, Lee and Associates, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

Continental Plaza, a 37,400 SF retail shopping center at 855 W. University Dr. in Mesa sold for $1,612,500 or $43.11 per SF. The transaction closed on Nov. 14. The neighborhood center was over 70 percent leased at the time of sale. Lee & Associates principals, Jan Fincham and Pat Dempsey completed the deal on behalf… Read More →

Superstition Springs Business Park trades for $13.98M

Superstition Springs Business Park
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Lee & Associates is pleased to announce the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $13,985,000 or $137.90 per SF. Total SF for the project was 101,411 SF. The transaction closed on September 12. Lee & Associates Arizona brokers facilitated both sides of the… Read More →

Lincoln Plaza Shopping Center sells for $25M

Lincoln Plaza 2, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

Lincoln Plaza Shopping Center, located on the SWC of Scottsdale Rd. and Lincoln Dr. in Scottsdale, was sold to an investment group for $25 million or $330 per SF. AJ’s Fine Foods supermarket anchors this premier retail center that is poised for future redevelopment. Lee & Associates Fincham/Dempsey Investment Team, led by principals Pat Dempsey… Read More →

Arizona’s Commercial Real Estate Market On Path To Slow-Going Recovery

Commercial Real Estate Market - AZRE Magazine March/April 2011
by in Economic Development

Arizona’s commercial real estate market is on the path to recovery, but the climb is steep and slow-going, local brokers predict. The Phoenix market experienced slight positive absorption of space in its too-many, too-empty properties last year, and the plodding progress will continue through 2011, says Craig Henig, senior managing director at CB Richard Ellis.… Read More →