Tag Archives: SIOR

Superstition Springs Business Park

Superstition Springs Business Park trades for $13.98M

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 deal. The seller, Hampton/Mesa, LLC was represented by principals Pat Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick. The buyer, Allred Hampton DE, LLC of San Diego, Calif., was represented by principals Stein Koss, SIOR and Tom Louer, SIOR.

The two-building, single story fl ex industrial business park sold with an occupancy of 91.5%. The buildings were constructed in 1999 and in 2007. The buildings feature clear heights of 18’-28’, fi ber optics and 8:1,000 parking ratio. Major tenants include GC Services and Norwegian Cruise Lines.

The property is just north of the Superstition Springs Mall and along side the U.S. 60 (Superstition Freeway).

Andy Jaffe (L) Receives Olen Monsees Award from Robert Tillsley in Chicago.

CPI’s Andrew Jaffe wins CORFAC ‘unsung hero’ award

CORFAC International 2014 President Robert Tillsley, SIOR, announced that Andrew Jaffe,SIOR, with Tempe, Arizona-based Commercial Properties Incorporated/CORFAC Internationalhas won CORFAC International’s Olen Monsees Award.

The Olen Monsees Award recognizes the CORFAC individual as the ‘Unsung Hero’ for the CORFAC member who goes above and beyond without being asked and with little recognition. Andy Jaffe, SIOR certainly fits this description.

In presenting the award to Jaffe, Robert Tillsley cited Jaffe’s involvement with CORFAC:
    2015 Appointed Member – Executive Director At-Large of CORFAC International
    CORFAC Strategic Planning Committee and Membership Committee
    2007 CORFAC Winner for Largest Value Office Joint Assignment
    2010 CORFAC Winner for Top R&D Size Assignment
    2012 CORFAC Winner for Top Investment Value & Size

“Through the years Andy has been a great contributor to CORFAC International’s initiatives and he is a highly accomplished individual in the commercial real estate world. Andy is sincere, hard-working and fulfills his commitments. He is a worthy award winner,” said Tillsley.

Andrew is active in professional organizations, including the Society of Industrial and Office Realtors (SIOR). His background includes working with Fortune 500 Companies as well as other large firms, such as Suntech Power Holdings, United Rental, The Federal Bureau of Investigation, the United States Postal Service, the State of Illinois, Sonic Wall, Kindred Health Care and Apria Health Care. Additionally, he has serviced many mid-sized firms and entrepreneurs.

Olen Monsees (1940-2012), was the president of Karbank Real Estate Company and colleague since 1969.

Olen was an iconic figure in the Kansas City real estate brokerage community.  He distinguished himself with his plain spoken wisdom, his quiet dignity and his low-keyed manner that engendered deep loyalty among his clients, friends and colleagues.  His focus was always to get the job done properly.  He worked with a natural sense of responsibility, without complaint, without excuses.  Olen was the finest of gentlemen.

Jaffe was presented the award earlier this month at CORFAC International’s Fall Summit in Chicago.

tracer-2

Lockheed Martin signs lease in Goodyear

Lockheed Martin, a publicly traded aerospace and defense company, announced on Monday, Aug. 11 that it has signed a two-year lease for 31,540 square-feet of office space in Buildings 12 and 13 at 1300 S. Litchfield Road in Goodyear.

Jones Lang LaSalle acted as Lockheed’s broker in the transaction.

The landlord, Reliance Management, is pleased to have a new lease insuring that Lockheed employees will continue to work at the historical site, keeping slightly more than 50 jobs in Goodyear, including its Flight Operations Group and Synthetic Aperture Radar (SARS) program. For more than 80 years, 1300 S. Litchfield Road has been the home to Goodyear Aviation and other aviation companies, and home to the GS & IS Division of Lockheed Martin since the 1990s.

Presently, Lockheed occupies more than 400,000 square feet of space at 1300 S. Litchfield Road (1300 SLR) in eleven buildings which they intend to vacate over the next two years.

The announcement came as good news as the high-paying jobs retained at the Goodyear site will allow Lockheed Martin to maintain its aerospace presence in the city.

“We are pleased and excited that Lockheed Martin has come to an agreement with the property owner to continue working at the Goodyear site,” said Goodyear Mayor Georgia Lord. “Lockheed Martin’s commitment to keep part of its operations here underscores that Goodyear remains a great place to do business. The aerospace and defense industry will be key to Goodyear’s future, and we will continue to support those businesses, like Lockheed Martin, who provide quality jobs for our residents.”

A Lockheed Martin official echoed Mayor Lord’s sentiments.

“Lockheed Martin Mission Systems and Training is excited to be part of the Goodyear community today and into the future,” said Jeffrey Paul, manager of Airborne Ground Surveillance Radar Systems for Lockheed Martin.

“Our Airborne Ground Surveillance Radar Systems have a legacy going back to the invention of Synthetic Aperture Radar at the Goodyear site more than 50 years ago,” Paul added.

Reliance Management working with brokers, Brian Gleason, SIOR and Bonnie Halley, CCIM of Phoenix West Commercial of Litchfield Park have been marketing space in four buildings previously occupied by Lockheed. There are three office buildings totaling 22,837 square feet as well as a 13,138 square foot data center available for immediate occupancy. Phoenix West Commercial is also actively marketing the remaining 11 buildings totaling 412,160 square feet.