Tag Archives: Taco Bell

Taco Bell, Marcus Millichap, WEB

Marcus & Millichap Sells Yuma Taco Bell Location

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Taco Bell, a 1,344 SF retail property located in Yuma, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $410,000.

Chris Doty, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.  The buyer, a limited liability company, was secured and represented by Chris Doty. Taco Bell is located at 1676 South 4th Avenue in Yuma.

baseball

D-backs Announce Most Valuable Partner Awards

The Arizona Diamondbacks (@Dbacks) announced the winners of last week’s Most Valuable Partner Awards, the unique award show designed to honor the best D-backs’ partners in a variety of categories. The awards ceremony was held at Gila River Casinos’ Wild Horse Pass Hotel & Casino – Ovations Live! Showroom.

Several D-backs players were on hand to take part in the red carpet Oscar-style awards show, including Paul Goldschmidt, Aaron Hill, J.J. Putz, A.J. Pollock and Josh Collmenter. The quintet competed in Family Feud against several D-backs partners and comedic results can be viewed here: http://atmlb.com/1aJPQGZ

D-backs President & CEO Derrick Hall emceed the annual event and was featured throughout the night in several commercial spoofs, including the following parodies of a popular AT&T commercial: http://atmlb.com/1dNRpJR and http://atmlb.com/1ap2WPd

The winners of the awards were as follows:

Luis Gonzalez Community Champion – Western Refining
Brand Integration – Subway
D-backs Ambassador – Safelite
Marketing Activation – Anheuser-Busch and Pepsi
Rookie of the Year (first-year partnership) – Safelite
Lifetime Achievement – APS
Fans’ Choice Award – Taco Bell
Most Valuable Partner – Sanderson Ford (Silver Slugger) and Gila River Casinos (Gold Glove)

East Thunderbird Square South - Retail

CBRE Completes $20.55M Sale Of East Thunderbird Square South

CBRE has completed the $20.55 million sale of East Thunderbird Square South, a 161,997 SF grocery-anchored shopping center on the NWC of Thunderbird and Scottsdale roads in Scottsdale.

Glenn Smigiel, Bob Young, Steven Brabant, Rick Abraham, Nancy Romanovsky, Kevin Schuck and Max Bippus of CBRE’s Phoenix office represented the seller, Gregg Williams of Trident Pacific Real Estate in Scottsdale, the court-appointed receiver for the asset. The buyer was Holualoa Companies; Michael Kasser, president, and Aroon Chinai, chief investment officer.

East Thunderbird Square South is located in a dense, upscale suburban neighborhood of north Scottsdale, boasting residents with significant discretionary buying power. The area’s strong demographics coupled with a limited supply of available land for future retail development have driven rental rates up to some of the highest in metropolitan Phoenix.

“East Thunderbird Square is located in one of the Valley’s strongest submarkets, which is likely to be one of the first areas to emerge from the current economic recession,” said CBRE’s Smigiel. “In addition, the property has 57,776 square feet of vacant space offering significant upside potential through lease up.”

Anchored by Smart & Final, the property’s major tenants include AZ Air Time, Bridgestone Tires, Leslie’s Poolmart and Steinway Piano Showroom. Three outparcels containing M&I Bank, Burger King and Taco Bell were not part of the sale.

East Thunderbird Square South was built in phases in 1986 and 1987 and was 64 percent occupied at the time of sale.