Cushman & Wakefield of Arizona, Inc. negotiated a 14,278 square foot lease at Camelhead Square, 3033 N. 44th St., bringing the property to 80 percent capacity.
This is a new lease for DriveTime Automotive Group, Inc., the leading used vehicle retailer in the United States, providing additional office space for their expanding business. Other tenants include Hill & Usher and Sovereign Healthcare.
“The deal involved a local company (DriveTime) in close proximity to Camelhead Square. We were able to accommodate their short-term expansion needs and fill a big block of space,” said Chris Latvaaho.
Latvaaho, Chris Nord and Michael White of Cushman &Wakefield represented the landlord, Sun Life Assurance Company of Phoenix. Tom Adelson of CBRE represented the tenant.
On Feb. 22, AZRE hosted the 6th Annual, 2011 RED Awards reception at the Ritz-Carlton in Phoenix to recognize the most notable commercial real estate projects of 2010 and the construction teams involved. AZRE held an open call for nominations and more than 100 architects, contractors, developers and brokerage firms participated in the process. All the winning projects and brokers are featured on the following pages.
THE TEAM: • Jim Fijan, Exec. VP • Tom Adelson, Exec. VP • Jerry Roberts, Exec. VP • Kevin Calihan, Sr. VP
LEASING DETAILS: • 97 Lease Transactions • Totaling, 1.3 MSF • $215.9M in Value
Four men and more than $215.9M in leases for 2009 — an amazing feat in the Valley of the Sun, during one of the most difficult times the commercial real estate industry has encountered. Executive Vice Presidents Jim Fijan, Tom Adelson and Jerry Roberts, along with Senior Vice President Kevin Calihan, conducted 97 transactions totaling more than 1.3 MSF.
Their largest single transaction that closed in 2009 was a long-term lease with a law firm for 54,000 SF at CityScape, a 27-story office tower located at One E. Washington St. in Phoenix. CBRE’s sales team represented the landlord, and the value of the transaction exceeded $28 million in consideration.
Fijan, Adelson, Roberts and Calihan are recognized as industry leaders and encompass an unmatched level of professionalism, comprehensive market knowledge and strict adherence to high ethical standards. While they are often acknowledged as the top brokers in their field, these four individuals are involved in numerous community and charity organizations, including the Juvenile Diabetes Research Center, Sun Angel Foundation, Downtown Phoenix Community Development Corporation and the Southwest Autism Research Center.