scottsdale airpark Archives

Scottsdale Airpark value continues to increase

Scottsdale Airpark II, WEB
by in AZRE Magazine | Mixed-Use

Land and building sales volume at the Scottsdale Airpark increased from 2014 to 2015 while vacancy rates continued to decline, according to a Colliers International Greater Scottsdale Airpark 2030 report. Land sales volume saw a sharp rise at the business park in 2015, with 88.85 acres sold for a total of $94.8 million compared to 37.57 acres for… Read More →

Mirage Estates acquires Scottsdale offices

Office Productivity, Interior Design
by in AZRE Magazine | Office

Cushman & Wakefield announced, Wednesday, that Mirage Estates, LLC purchased a 12,585 square-foot single-story office project at 15876 N. 76th St. in Scottsdale for $1.7 million. The new owner plans to occupy 8,855 square-feet of available space operating as Artisan Cinema & Sound. The property has an in-place tenant, RUHL Forensic that will continue to occupy the remaining… Read More →

Software firm leases 16,377SF at Acoma Business Center

123rf.com: Vitaliy Vodolazskyy
by in AZRE Magazine | Brokerage

Tempe-based Commercial Properties, Inc., a commercial real estate brokerage, announced the lease of two suites totaling 16,377 square feet for Hypur Inc. The suites are located at the Acoma Business Center near University Drive and 52nd Street at the Acoma Business Center. The center is located in the Scottsdale Airpark, and was listed by Shell… Read More →

Tesla Motors will move into Tempe industrial building

Tesla

A 42,281 SF industrial building at 2077 E. University Dr., in Tempe has sold for $3,600,000 ($85.14 per SF) and will house a service facility for Tesla Motors, the innovative maker of luxury, electric automobiles. This is the second location for a Tesla service center in the Valley. The other is located in the Scottsdale Airpark.… Read More →

Capital Markets completes sale of ‘stalled-to-stable’ case study

Cobalt

Capital Markets experts in the Phoenix office of JLL have completed the $16.2 million ($180,000 per unit) sale of Cobalt on 32nd Street, a case study for Phoenix’s stalled-to-stable multifamily recovery and a sign of continued investor appetite for the market’s upside potential. JLL’s Executive Vice President John Cunningham and Vice President Charles Steele represented… Read More →

Cimarron Industrial signs $6.4M permanent loan in Scottsdale

cimarron

Churchill Commercial Capital, Inc. (Tom Ryan, Vice President) has arranged a $6.4 million loan for Cimarron Industrial Partners, LLC, on a 94,800 square foot multi-tenant industrial property consisting of five buildings within the Scottsdale Airpark. The property was 98% leased at the time of closing. This unique transaction was placed with one of our many… Read More →

Cresa negotiates on behalf of Southwest Jet Center

Photo: http://southwestjet.com

Southwest Jet Center, owner of the largest private hangar at Scottsdale Airpark, recently purchased 73,826 SF on 5.6 acres of land at Phoenix-Mesa Gateway Airport, 5615 South Sossaman Road, in Mesa. Chris Walton, Gary Gregg, Eric Walker, and Ryan Burkett of Cresa Phoenix represented the buyer. The landlord, GE Capital, was represented by JLL. “We… Read More →

10,800 SF Office Building Sold In Scottsdale Airpark

16020

Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, has announced the sale of 16020 N. 77th Street, a ±10,800 SF office building in Scottsdale Airpark in Scottsdale, AZ.  Craig Trbovich and Phill Tomlinson of CPI’s Scottsdale Office Group represented the seller, Bill Bonnstetter of TTI Performance Systems in this transaction. Craig Trbovich… Read More →

McDowell Mountain Business Park sells for $10.5M

McDowell Mountain Business Park

The Phoenix office of JLL has just closed a $10.5M ($164.67/sf), three-building flex office portfolio sale in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10-percent vacancy rate for its class-A flex office and industrial space. “This is a niche area of the northwest Valley that appeals to tenants… Read More →

Colliers: Scottsdale Airpark report details steady growth

keeley

James Keeley, SIOR, CCIM, founding partner and managing broker at Colliers International’s Scottsdale office recently released a 2030 Report for the Greater Scottsdale Airpark detailing commercial market changes in the past 30 years to the present. The Greater Scottsdale Airpark has seen continued growth between 1981 and 2014 in the areas of available square footage… Read More →

SheKnows leases 20KSF at Element at Kierland

ElementAtKierland, WEB

CBRE has completed a 20,000-square-foot office lease at Element at Kierland located at 14614 N. Kierland Blvd. in Scottsdale, Ariz. Luke Walker, Dave Carder and Eric Schultz with CBRE’s Phoenix office represented the landlord, Montana Avenue Capital Partners, LLC (MAC) of Santa Monica, Calif. The tenant, Scottsdale-based SheKnows, was represented by Clint Hardison with Keyser.… Read More →

WESTMARC Creates United Front To Boost West Valley

westmarc

“You can’t just say you ‘support regionalism,’ you have to believe it.” Surprise Mayor Sharon Wolcott is talking about attitude in the West Valley. Thirty minutes earlier in a separate conversation, Goodyear Mayor Georgia Lord made nearly the same comment. “We believe in regionalism and we put it into practice,” she says. “On this side… Read More →

Runway parcel in Scottsdale Airpark sells for $8.3M

Linsalata Airpark Parcel
by in AZRE Magazine | Brokerage

Scottsdale Airpark’s largest commercial land parcel on the runway, at 9.54 acres, sells to a local investment company for $8,325,000 or $20.03 per square foot. Mark Linsalata, Bill Blake and Fred Darche, principals with Lee & Associates represented the seller, Phoenix Dragon FEI, LLC of Scottsdale. Linsalata represented the buyer, Boeing V, LLC, a private… Read More →

CBRE negotiates $11.1M sale of 2 office buildings

Chauncey Professional Center, 6930 E. Chauncey Lane, Phoenix.
by in AZRE Magazine | Brokerage | Featured

ViaWest Group has sold two premier class A office buildings in the Phoenix metro area for a total consideration of $11.1 million. CBRE negotiated the sale to Melcor Development of the ±24,154-square-foot Perimeter Parkview Corporate Center at 8355 E. Hartford Drive Scottsdale, Ariz. and the ±35,066-square-foot Chauncey Professional Center located at 6930 E. Chauncey Lane,… Read More →