Recent sales and lease transactions from the Phoenix office of NAI Horizon:
Sale Transactions:
>> David Cravath negotiated the sale of a 72,520 SF multi-family property, representing the seller BAS Exchange Inc., for $3.8M. The property is at 4302 N. 103rd Ave. in Phoenix. Gerchick Real Estate represented the buyer We Fairway Vista, LLLP.
>> Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of 241,225 SF of land, representing the seller SBAZ Real Estate Holdings, LLC, for $475,000. The property is located at 8118 N. 99th Avenue in Peoria, AZ. Jim Frazey with City to City Commercial represented the buyer Ali Mojaverian.
Barbara Lloyd, Lane Neville, and Hunter Null negotiated the sale of a 27,780 SF retail property, representing the seller SBAZ Real Estate Holdings, LLC, for $470,000. The property is at 5150 W. Northern Ave. in Glendale, AZ. Chris Hollenbeck with Cassidy Turley represented the buyer CIRE Equity.
>> Mark Wilcke negotiated the sale of a 2,000 SF retail property, representing the buyer Native Arizonan Acquisitions VI, LLC, an Arizona limited liability company, for $375,000. The property is at 1821 S. Country Club Dr. in Mesa. Jim Keeley with Colliers International represented the seller Hira and Mamta Gaur.
>> Peggy Johnson negotiated the sale of a 4,324 SF office property, representing the seller Gregory Modesti, for $225,000. The property is at 3138 E. McDowell Rd. in Phoenix. Dan Dobrie with Newmark Grubb Knight Frank represented the buyer GGH, LLC.
Lease Transactions:
>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, VTA LTD, in a 10-year retail lease for a 20,090 SF space at 3003 W. Apache Trail in Apache Junction.
>> Chris Gerow, Shelby Tworek, and Gabe Ortega represented the landlord, Evin-Phoenix, LLC, in a 10-year retail lease for a 9,664 SF space at 14205 S. 50th St. in Phoenix. Chuck Gibson with SRS Real Estate Partners and Mark Linsalata with Lee & Associates represented the tenant 29 Holdings, LLC dba Mellow Mushroom.
>> John Filli represented the tenant, A World of Tile, in a 5-year retail lease for an 8,027 SF space at 8718 E. Shea Blvd. in Scottsdale. Ryan Amato with Eisenberg Company represented the landlord Regency Centers L.P.
>> Rick Foss represented the landlord, Gerald M. and Diane M. Olson RLT, in a 37- month industrial lease for a 15,098 SF space at 5238 S. 31st Place in Phoenix. Mike Parker and Evan Koplan with CBRE represented the tenant Armor Coat Roof Coatings, Inc.
>> Mike Myrick and Alexandra Loye represented the landlord, Kyrene Office Suites, in a 39-month office lease for a 2,735 SF space at 605 W. Knox Rd. in Tempe. Rod Beach with Cresa Partners represented the tenant Smartlink, LLC.
