Phoenix Commercial Advisors Archives

The great exchange: How 1031 exchanges affect local markets

The Offices at Reems in Surprise were recently exchanged through a 1031 deferral, handled by Colliers International's Rob Martensen.

With the talk of tax reform that would repeal or limit 1031 Exchanges, the global effect of changing like-kind deals is in the spotlight. Section 1031 Exchanges, or like-kind exchanges, are used in commercial real estate to allow investors to reinvest their profits into a new property through an exchange of a similarly valued property… Read More →

Desert Mini Storage owner buys 22KSF office building for $3.5M

Colliers, Office, Costar, WEB
by in AZRE Magazine | Brokerage | In The Spotlight

Colliers International in Greater Phoenix recently completed a sale of a Class A, 22,345-square-foot office building in Scottsdale for $3.5 million, or $156 a square foot. Spensa Management, LLC, of Minnesota purchased the building, located at 8525 E. Pinnacle Peak Road, from K2H Pinnacle Peak Place, LLC, of Vancouver, BC, Canada. Mike Milic, vice president;… Read More →

Sprouts to open at Prescott Valley Crossroads

Sprouts, WEB

Sprouts Farmers Market is scheduled to open at the Prescott Valley Crossroads power center on June 4. The 27,994 SF Phoenix-based specialty follows the October 2013 opening of Dick’s Sporting Goods’ 35KSF store. Other large retailers soon to join the successful center are a 23KSF TJ Maxx and a 10KSF ULTA Beauty store. Both stores… Read More →

Latest leasing deals bring 3131 & 3133 Camelback to full occupancy

by in AZRE Magazine | Brokerage | Featured

Cassidy Turley announced that it completed leases of 13,782 square feet with Kforce, Inc., 7,468 square feet with Lawyers Title, 6,293 square feet with GL Legacy Commercial Advisors, Inc., and 2,250 square feet for Newmark Realty Capital at 3131 and 3133 East Camelback Road in Phoenix. Cassidy Turley Managing Director Trevor Klinkhamer and Senior Vice… Read More →

ULTA Beauty leases Prescott Valley location

by in AZRE Magazine

SRS Real Estate Partners announced that ULTA Beauty has leased a 10,000-square-foot space in Prescott Valley Crossroads Shopping Center. ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, salon products, and salon services in the United States. As of February 1, 2014 the Company operates 675 retail stores across 46 states… Read More →

Cheddar's Casual Cafe Coming to Chandler

Chuck Wells, Phoenix Commercial Advisors-cut
by in Brokerage

Cheddar’s Casual Cafe, a regional restaurant chain, will build its first Arizona location in Chandler in the former Red Fish Building on the NEC of Chandler Boulevard and Loop 101. The facility is 8,000SF. This trade area was chosen because of its daytime and residential demographics offering an employment pool, regional retail and residential rooftops… Read More →

San Tan Village Gets 20KSF of New Retail in Gilbert

SanTan Village Furniture Center photo - August deals
by in Retail

LeSueur Investments recently broke ground on approximately 20,000 square feet of new retail shop buildings adjacent to Costco Wholesale at San Tan Village in Gilbert, located at the SEC of San Tan Village Parkway and Loop 202.  The shop space will be delivered to tenants during the fourth quarter of 2013.  Leases have been signed… Read More →

SRS Real Estate Partners Brings Edible Arrangements to Phoenix

Edible Arrangements
by in Business News | Retail

Edible Arrangements has leased a 1,266 SF space located at the NWC of Greenway Road and Tatum Boulevard in Phoenix, SRS Real Estate Partners announced Tuesday. Other tenants in the center include Modern Grove and Firehouse Subs. Edible Arrangements plans to open in the next few months. Chuck Gibson with SRS Real Estate Partners represented… Read More →

Mixed-Use: Camelback Crossing

Camelback Crossing, AZRE July/August 2008
by in Mixed-Use

CAMELBACK CROSSING Developer: CenterCore Development Group General contractor: TBD Architect: Robert Kubicek Architects Location: NEC 19th Ave. & Camelback Road, Phoenix Size: 15,000 SF Broker: Phoenix Commercial Advisors Camelback Crossing is a $6 million redevelopment project occurring along the light rail. Construction will begin 3Q08, and has a December completion date for this year.