Tag Archives: Sale

land

Big Deals: Land, June 2014 – July 2014

azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Land Sales

1. Lincoln Road and 56th Street, Paradise Valley
12 acres; $38.7M
BUYER: Cullum Homes
SELLER: Crown Realty & Development, Inc.
Listing BrokerAGE: Nathan & Associates

2. Signal Butte and Guadalupe, Mesa
128.76 acres; $21,623,412
BUYER: Blandford Homes
SELLER: Jerry Ivy Trust

3. N. 130th Ave., Surprise
160 acres; $14,065,413
BUYER: Vistancia West Construction LP
SELLER: TNT Boys LLC
Listing Brokerage: TNT Boys LLC

4. 1350 N. Priest Dr. — Rhythm Subdivision, Chandler
29.20 acres; $11,275,290
BUYER: Mattamy Homes
SELLER: Property Reserve, Inc.
Listing Brokerage: Property Reserve, Inc.

5. 708 S. Lindon Ln., Tempe
14.60 acres; $8.75M
BUYER: Capstone Properties Corp.
SELLER: Cook Native America Ministries
Listing Brokerage: Berkadia

Pecan Promenade, Tolleson

Big Deals: Retail, June 2014 – July 2014

azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Leases and Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Retail Sales

1. Pecan Promenade, Tolleson
132,587 SF; $19M
BUYER: CIRE Equity
SELLER: Tate Capital Real Estate Solutions, LLC

2. Chandler Heights Village, Gilbert
50,763 SF; $12.65M
BUYER: West Valley Properties, Inc.
SELLER: Dr. Bradley A. Tinker
Listing Brokerage: Phoenix Commercial Advisors

3. South Mountain Crossing Shopping, Phoenix
132,314 SF; $11,172,825
BUYER: Lamar Companies
SELLER: Moreno Companies LLC
Listing Brokerage: Lee & Associates

4. The Shoppes at Highlands Village, Mesa
87,486 SF; $10.5M
BUYER: Glenwood Development Company, LLC
SELLER: Donahue Schriber Realty Group
Listing Brokerage: Cassidy Turley

5. Greenfield Gateway, Mesa
70,699 SF; $7,975,000
BUYER: Oakpoint Advisors
SELLER: Starwood Capital Group
Listing BrokerageS: CBRE/Colliers International

Retail Leases

Camelback Colonnade, Phoenix

Camelback Colonnade, Phoenix


1. Camelback Colonnade, Phoenix
80,328 SF
Landlord: The Macerich Company
Tenant: Food & Decor
Landlord Brokers: Mike Kallner, RED Development, LLC

2. Peoria Town Center, Glendale
56,875 SF
Landlord: SNS Investments
Tenant: State Trailer RV & Outdoor Supply
Landlord BrokerAGE: Rein & Grossoehme

3. The Village at Sun Lakes, Chandler
27,600 SF
Landlord: Arizona Partners Retail Investment Group
Tenant: Goodwill
Landlord BrokerAGE: Arizona Partners Retail Investment Group
TENANT BrokerAGE: Velocity Retail

4. Camelback Plaza, Phoenix
24KSF
Landlord: SAFCO Capital Corp.
Tenant: V&V Event Hall
Landlord BrokerAGE: ZELL Commercial Real Estate Services, Inc.
TENANT BrokerAGE: ZELL Commercial Real Estate Services, Inc.

5. Shea Scottsdale East, Scottsdale
22,450 SF
Landlord: Karlin Real Estate
Tenant: LA Fitness
Landlord BrokerAGE: Arizona Partners Retail Investment Group
TENANT BrokerAGE: Diversified Partners

Stapley Corporate Center, Mesa

Big Deals: Office, June 2014 – July 2014

azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Leases and Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Office Sales

1. Stapley Corporate Center, Mesa
180,083 SF; $32.5M
Buyer: Buchanan Street Partners
Seller: DESCO Southwest
Listing BrokerS: Chris Toci and Chad Littell, Cushman & Wakefield
BUYING BrokerS: Mark Gustin, JLL

2. 92 Mountain View, Scottsdale
115,200 SF; $24.1M
Buyer: Equus Capital Partners, LTD
Seller: Teachers Retirement System of Illinois
Listing Brokerage: CBRE

3. Scottsdale Gateway I, Scottsdale
106,931 SF; $20M
Buyer: Equus Capital Partners, LTD
Seller: Teachers Retirement System of Illinois
Listing Brokerage: CBRE

4. Chandler Corporate Center, Chandler
67,561 SF; $13,914,000
Buyer: Palisades Capital Realty Advisors
Seller: Held Properties
Listing Brokerage: JLL

5. Zanjero Falls, Glendale
147,405 SF; $9.1M
Buyer: Select Healthcare Solutions
Seller: Pacific Coast Capital Partners
Listing Brokerage: Cassidy Turley

Office Leases

Rivulon, Gilbert

Rivulon, Gilbert


1. Rivulon, Gilbert
150KSF
Landlord: Nationwide Realty Investors
Tenant: Isagenix International LLC
Landlord Brokers: Fred Darche and John Cerchiai, Lee & Associates
Tenant Brokers: Pat Williams and Andrew Medley, JLL

2. ASU Research Park, Tempe
110KSF
Landlord: Arizona State University
Tenant: Amkor
Landlord BrokerAGE: Cassidy Turley

3. City North, Phoenix
77,391 SF
Landlord: ScanlanKemperBard Companies
Tenant: Sprouts Farmers Market
Landlord BrokerAGE: JLL
TENANT BrokerAGE: Cresa

4. First Chandler Business Park, Chandler
70KSF
Landlord: MJA Investments
Tenant: Crown Castle
Landlord BrokerAGE: Lee & Associates
TENANT BrokerAGE: Colliers International

5. Black Canyon Tower, Phoenix
33,373 SF
Landlord: The Koll Company
Tenant: Homesite
Landlord BrokerAGE: Colliers International
TENANT BrokerAGE: JLL

Broadstone on Camelback

Big Deals: Multifamily, June 2014 – July 2014

azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Multifamily Sales

1. Broadstone Camelback, Phoenix
220,280 SF; 270 units; $74.75M
BUYER: Heitman LLC
SELLER: Alliance Residential Company
Listing BrokerS: Tyler Anderson, Sean Cunningham, Matt Pesch and Asher Gunter, CBRE

2. Parcland Crossing, Chandler
518,365 SF; 383 units; $65M
BUYER: Pillar Communities, LLC
SELLER: Mark-Taylor Residential, Inc.
Listing Brokerage: CBRE

3. The Station on Central, Phoenix
419,212 SF; 414 UNITS; $53M
BUYER: HSL Properties, Inc.
SELLER: Baron Properties
Listing Brokerage: Apartment Realty Advisors

4. Verano Townhomes, Phoenix
435,840 SF; 360 units; $49M
SELLER: Cornerstone Real Estate Funds
Listing Brokerage: CBRE

5. Block 1949, Tempe
264,555 SF; 225 units; $38.7M
BUYER: Consolidated Investment Group, LLC
SELLER: Situs Holdings, LLC
Listing Brokerage: JLL

chateau

Chateau on Central Closes $5.8M Sale

Chateau on Central recently completed the sale of its spacious “double mansion” which sold for $5.853 million. The 11,437 square-foot private residence features a three-story indoor waterfall and combines two of Chateau’s signature five-story brick and masonry brownstones into a single home. The custom residence was designed by Est Est Inc. and completed by A Finer Touch Construction. The sale is a historic milestone in the City of Phoenix as it represents the highest residential sale in the downtown area.

Chateau on Central consists of 21 residences and offers luxury urban living in the heart of Phoenix with customizable floor plans and a metropolitan vertical-living experience. The housing industry has seen an increased demand for this type of “limited edition” urban housing as a growing segment of affluent millennials and baby boomers seek luxury housing with the convenience of metropolitan life. Chateau’s centralized location, and position near the light rail, allows for easy access to downtown’s event, dining, arts, and cultural destinations.

“Chateau on Central offers a unique opportunity for downtown Phoenix residents to enjoy upscale city living, much like that commonly found in New York or Boston,” said Nakia Clark, MSI West Investments LLC, developer of Chateau on Central. “We offer our residents top-notch luxury amenities and fully customizable floor plans to meet each family’s individual needs.”

The Phoenix metropolitan area is the eighth largest growing city in the United States and its downtown area is a hub of activity. Chateau on Central offers the only luxury residences in the area and boasts unique-to-Phoenix amenities such as live-work zoning. Each brownstone is zoned to house small business, work-from-home offices or light retail in the lower levels with living space directly above. Chateau on Central residences offer unparalleled opportunities to the Valley’s upscale, busy professional.

“Chateau on Central is the elite urban living community for those seeking a luxury lifestyle in Downtown Phoenix,” said Monica Monson of Monson Luxury Group, Russ Lyon Sotheby’s International Realty who currently represents Chateau on Central. “The significance of this sale proves that affluent homeowners have confidence to invest in Chateau and believe in the progress of Downtown Phoenix’s revitalization. We are truly excited about the current momentum and look forward to what the future holds for Chateau.”

Each brownstone comes equipped with a private elevator providing easy access to all five levels and boasts a rooftop patio and standard two-car garage.  For more information about Chateau on Central, visit chateauoncentral.com.