Tag Archives: YAM Properties

Village at Shea

YAM Properties acquires village at Shea Retail Center

DTZ, a global leader in commercial real estate services, has announced that East Village at Shea LLC, a company formed by YAM Properties, LLC (Bob Parsons, Principal), purchased Village at Shea, a 117,025 square foot retail center at 7366 E. Shea Boulevard, for $32.5 million ($277.72 PSF). The seller was Karlin Scottsdale Shea LLC, a company formed by Karlin Real Estate of Los Angeles.

DTZ Executive Managing Directors Michael Hackett and Ryan Schubert brokered the sale on behalf of Karlin.

“Village at Shea is a highly coveted retail asset located at one of the best commercial intersections in Scottsdale,” according to Mr. Hackett. “Karlin created significant value for the asset sale, and YAM should enjoy the benefits of a stable asset with a fantastic location.”

The DTZ team sold Shea Scottsdale East, later renamed Village at Shea, to Karlin in October 2011, along with the adjacent 160,228 square foot Shea Scottsdale for $50.32. The DTZ team represented Karlin in February 2014 when it sold the West portion of the shopping center for $44.5 million.

Built in 1985, Village at Shea is anchored by Harkins Shea 14 Theatre. Other tenants include LA Fitness Comerica, Raising Cane‚s, Pita Jungle and Coffee Plantation. Village at Shea was 85% leased at the time of sale.


Parsons Acquires Scottsdale-based Martz Agency

Valley entrepreneur and philanthropist Bob Parsons today announced the acquisition of Martz Agency by MP Agency, L.L.C., an organization owned by Parsons. The award-winning Scottsdale based marketing and public relations firm, which will be renamed Martz Parsons, will bring creative firepower to Parsons’ growing portfolio of businesses.

Parsons has said that by looking at and structuring their marketing as a revenue generator that makes money rather than an expense item, businesses are able to not only bring attention to their brand but also increase their revenue streams. Parsons’ numerous Valley based entities, including Harley-Davidson of Scottsdale, Go AZ Motorcycles, Spooky Fast Parts & Engineering, YAM Properties, The Bob & Renee Parsons Foundation and Scottsdale National Golf Club, will be using Martz Parsons as their agency of record. The agency will immediately add talent to keep pace with the growth.

Martz Agency, founded by Carrie Martz in 1980, is among the most highly regarded agencies in Arizona. Moving forward, Carrie Martz will assume the title of CEO and the agency will continue to serve its existing clients. Existing and future accounts, including Parsons personal enterprises, will be able to leverage the Agency’s unparalleled talent and newly expanded resources to further develop and empower their brands.

“I am thrilled that someone I consider to be a marketing genius has purchased the Agency,” said Carrie Martz.  “This is a once in a lifetime opportunity for our agency and for our clients. With Bob Parsons behind us, I believe our Agency will become even more value to the clients we serve.”

Bob Parsons, like Carrie Martz, is well-known for his intense focus on providing an excellent customer experience. Moving forward, clients can expect their accounts to be managed with the same level of personalized care that Martz Agency has delivered for the last 33 years.

“It’s no secret that I am passionate about marketing,” said Bob Parsons. “The formula is simple … great brands that deliver an uncontested customer experience thrive. Martz Agency brings years of experience, professionalism and enthusiasm to the table. Together, we should knock it out of the park.”

Martz Agency’s current client roster includes Yurbuds, Arizona Commerce Authority, Toronto based Pacific Links International, Valley of the Sun YMCA, Fennemore Craig, RLC Labs, One Neck, Mirabel, The Reef Residences at Atlantis, Estrella by Newland Communities, and Olympia Group.