scottsdale airpark Archives

Scottsdale Airpark hangar and offices sell for $4.5M

Scottsdale airpark hangar
by in AZRE Magazine | Office

An executive office and hangar facility at the Scottsdale Airpark were sold for $4.5 million to Potts Properties LLC, according to CBRE, which worked on the Scottsdale sale. The newly purchased facilities are located at 15834 N. 80th St. in Scottsdale, and were sold by Hill Valley Real Estate Holdings LLC. Bill Bayless with CBRE’s Phoenix office… Read More →

Report: Phoenix office absorption reaches 10-year high

Phoenix
by in AZRE Magazine | Office

Phoenix added millions of square feet of new office space in 2016, and companies filled that space at a near 10-year-high absorption rate, according to the Q4 2016 Phoenix Office Insight report released last week by the Phoenix office of JLL. Collectively, this activity improved the Valley’s office occupancy picture, pushing total vacancy rates down 120 basis points… Read More →

Scottsdale Airpark facility sells for $2.1M

Scottsdale Airpark
by in AZRE Magazine | Brokerage

A 14,500-square-foot industrial facility in the Scottsdale Airpark sold to SWAKE Holdings LLC, according to ORION Investment Real Estate, which represented SWAKE. The industrial warehouse property at 15210 N. 75th St. in Scottsdale, was sold for $2,100,000, totaling $145-per-square-foot. The property was built in 1994, and is centrally located in the Scottsdale Airpark. The Airport and… Read More →

LGE Design Build completes Class A Scottsdale offices

LGE Design Build
by in AZRE Magazine | Construction

LGE Design Build completed construction of the 3-story, 40,000-square-foot Bahia 101, the first new Class A office building constructed in the Scottsdale Airpark since 2009. Bahia 101 features 360-degree McDowell Mountain views, 14-foot clear heights and sliding doors on the second and third floors to allow fresh air in the suites. The building, on 2.5 acres,… Read More →

Scottsdale Airpark value continues to increase

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

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

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

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

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

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

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

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

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 →