Big Deals: Aug. 1 to Sept. 31, 2014
There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases that have occurred one month out from publication based on research compiled by Cassidy Turley and Colliers International with CoStar.
Industrial/Sales
1. Ryan West Business Park, Tolleson
242,863 SF; $14,591,460
Buyer: Cohen Asset Management, Inc.
Seller: EG Properties LLC
ListingBrokerS: Will Strong, Mike Haenel and Andy Markham, Cassidy Turle
2. 317 S. 48th St., Phoenix
113,827 SF; $9.2M
Buyer: Road Machinery LL C
Seller: DriveTime Automotive Group, Inc.
Listing Brokers: CBRE
3. 2021 S. 51st Ave., Phoenix
69,842 SF; $8.85M
Buyer: Duke Realty Corporation
Seller: NATMI Truck Terminal LLC
Listing Brokerage: Duke Realty Corporation Mike Haenel
4. Freeport Distribution Center, Phoenix
135,114 SF; $7,500,170
Buyer: Lincoln Property Company
Seller: Brookfield Asset Management, Inc.
Listing Brokerage: HFF
5. 7848-7850 E. Redfield Rd., Scottsdale
38KSF; $4.95M
Buyer: Robertson Scottsdale 7848 LLC
Seller: 7848 Cimarron LLC
Listing Brokerage: Shell Commercial Andy Markha
Office/Sales
1. Citizenship & Immigration Services, Phoenix
53,314 SF; $17.6M
Buyer: Washington Alliance Capital, LL C
Seller: Wilco Strategic Partners, LLC
Listing Brokerage: Cushman & Wakefield
2. 16001 N. 28th Ave., Phoenix
106,397 SF; $15.1M
Buyer: Sabal Financial Group LP
Seller: CWCapital Asset Management LLC
Listing Brokerage: CBRE
3. Arizona Business Park, Phoenix
66,724 SF; $13M
Buyer: Government Properties Income Trust
Seller: Crown West Realty, LLC
Listing Brokerage: Crown West Realty LCC
4. Anasazi Plaza Off ice Park, Phoenix
109,961 SF; $10.85M
Buyer: HighBrook Investment Advisors, LLC
Seller: Lone Star Funds
5. 20410 N. 19th Ave., Phoenix
107,156 SF; $9,949,179
Buyer: Sabal Financial Group LP
Seller: CWCapital Asset Management LLC
Listing Brokerage: CBRE
LAND/Sales
1. 7845 W. Broadway Rd., Phoenix
872 acres; $33,808,200
BUYER: Vulcan Materials Company
SELLER: Edw. C. Levy Co.
2. South Power Road, Gilbert
100 acres; $22,905,900
BUYER: Fulton Homes Corporation
SELLER: Poco Ranch, Inc.
3. NE Germann and Lindsay roads, Gilbert
90 acres; $13,745,794
BUYER: DT Acceptance Corporation
SELLER: The Lamoreaux Family, LLC
4. Spectrum Astro, Gilbert
63 acres; $12M
BUYER: SunCap Property Group
SELLER: LNR Property Corporation
Listing Brokerage: CBRE
5. El Paso Natural Gas, Glendale
395 acres; $11.7M
BUYER: Marbella Ranch LLC
SELLER: El Paso Natural Gas Company
MULTI-FAMILY/Sales
1. The District on Apache, Tempe
223,200 SF; 281 units; $89.9M
BUYER: Education Realty Trust, Inc.
SELLER: The Ecclestone Organization, Inc.
Listing And Buying Brokers: Peter Katz, Brian Abernathy and Justin Britto, Education Realty Trust, Inc. – REIT
2. Lakeview at Superstition Springs, Mesa
680,718 SF; 676 UNITS; $66.6M
BUYER: Fairfield Residential
SELLER: Heitman Capital Management Corp.
Listing Brokerage: CBRE
3. Sierra Ranch, Phoenix
584,641 SF; 582 UNITS; $48M
BUYER: Phoenix Uprising, LLC
SELLER: FSC Realty, LLC
Listing Brokerage: Berkadia
4. Grigio Metro, Tempe
584,641 SF; 408 units; $47.05M
BUYER: Crow Holdings
SELLER: Canyon-Johnson Urban Funds
Listing Brokerage: JLL
5. Sonoran Vista, Scottsdale
271,112 SF; 246 units; $43M
BUYER: Aukum Group LLC
SELLER: Security Properties
Listing Brokerage: CBRE
RETAIL/Sales
1. Village Center, Phoenix
171,129 SF; $22,836,349
BUYER: NewQuest Epic Investments
SELLER: Phillips Edison Fund IV
Listing Brokers : Jesse Goldsmith and Steve Julius, CBRE
2. Hayden Crossing Shopping Center, Scottsdale
63,446 SF; $14.046M Jesse Goldsmith
BUYER: Transpacific Development Company
SELLER: Jay C Evans & Karen D Evans
Listing Brokerage: Cassidy Turley
3. Airpark Design Center, Scottsdale
92,001 SF; $13,856,783
BUYER: Kootenay Holdings, Ltd.
SELLER: John D. Wright
Listing Brokerage: Shell Commercial
4. 7141 E. Lincoln, Paradise Valley
30,220 SF; $11,378,506
BUYER: RN Properties South Mountain LLC
SELLER: McCarthy Lincoln Plaza LP
Listing Brokerage: Lee & Associates
5. Marley Park Plaza, Surprise
71,307 SF; $10,758,810
BUYER: IMAN Enterprises, LLC
SELLER: Donahue Schriber Commercial Real Estate
Listing Brokerages: Cassidy Turley
Industrial/Leases
1. Canal Crossing Logistics Center, Phoenix
109KSF
Landlord: Conor Commercial Real Estate and Globe Corporation
Tenant: LKQ Corporation Landlord Brokers: Jeff Conrad and Allen Lowe, Lee & Associates
TENANT Brokers: Mike Parker and Evan Koplan, CBRE
2. Liberty Tolleson Center Phase II ,Tolleson
73,781 SF
Landlord: Liberty Property Trust
Tenant: Green Light Direct Services
Landlord Brokerage: JLL
TENANT Brokerage: CD Commercial Advisors
3. Airport I-10 Business Park Phase I, Bldg. E, Phoenix
63KSF
Landlord: Wentworth PropertyCompany
Tenant: Anixter International, Inc.
Landlord Brokerage: JLL
TENANT Brokerage: CBRE
4. 1720 W. Broadway Rd., Mesa
46KSF
Landlord: Zimmerman Commons LLC
Tenant: United Subcontractors Inc.
Landlord Brokerage: Cutler Commercial
TENANT Brokerage: Cassidy Turley
5. Gold Canyon Candles, Inc., Chandler
42KSF
Landlord: Twenty Square Holdings, LLC
Tenant: Barlow Company, Inc.
Landlord Brokerage: Lee & Associates
TENANT Brokerage: Cassidy Turley
Office/Leases
1. Fountainhead Business Park, Tempe
101,803 SF
Landlord: KBS Realty Advisors
SUBLANDLORD : University of Phoenix
SUBTenant: Concentrix Corporation
SUBLandlord Brokers: John Bonnell, Karsten Peterson, Brett Abramson and Dave Seeger, JLL
SUBTENANT Broker: Curtis Brown, Ross Brown Partners
2. 2700 Corporate Center, Chandler
65,860 SF
Landlord: W. P. Carey & Company
Tenant: Apria Healthcare
Landlord Brokerage: JLL
3. East GatewayCenter Phase I, Phoenix
50,341 SF
Landlord: Pacifica Real Estate
Group, LLC
Tenant: Mobile Mini
Landlord Brokerage: CBRE
TENANT Brokerage: CBRE
4. Phoenix Gateway Center, Phoenix
45,863 SF
Landlord: Oaktree Capital
Management
Tenant: Health Choice Arizona
Landlord Brokerage: Transwestern
TENAN T Brokerage: CBRE
5. Collier Center I, Phoenix
24,441 SF
Landlord: GE Asset Management
Tenant: Gannett
Landlord Brokerage: CBRE
TENANT Brokerage: CBRE
Retail/Leases
1. Peoria Towne Center, Peoria
56,875 SF
Landlord: State Trailer Supply
Tenant: State Trailer RV & Outdoor Supply
Landlord and Tenant Broker: Jake Ertle, Rein & Grossoehme
2. Major A/B & Shops A, Chandler
27,600 SF
Landlord: Arizona Partners Retail Investment Group LLC
Tenant: Goodwill
Landlord Brokerage: Arizona Partners Retail Investment Group LLC
3. Shea Scotts dale Center, Scottsdale
22,450 SF
Landlord: Karlin Real Estate
Tenant: LA Fitness
Landlord Brokerage: Arizona Partners Retail Investment Group LLC
4. Tri-Valley Plaza, Casa Grande
20,500 SF
Landlord: Larsen Baker
Tenant: Planet Fitness
Landlord Brokerage: Larsen Baker
TENANT Brokerage: NA I Horizon
5. River Point Phase II , Mesa
110KSF
Landlord: Kimco Realty Corporation
Tenant: Tuesday Morning
Landlord Brokerage: Kimco Realty Corporation
