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 for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
Top 5 Notable Leases and Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.
Industrial Sales
1. Logistics 75, Phoenix
682,291 SF; $27.9M
Buyer: LBA Realty
Seller: Buzz Oates Enterprises
Listing and Buying BrokerS: Mark Detmer and Bo Mills, JLL
2. 1666 N. McClintock Dr., Tempe
146,142 SF; $16.05M
Buyer: Cole Credit Property Trust III, Inc.
Seller: Levine Properties, Inc.
3. Black Canyon Business Park, Phoenix
218,777 SF; $13.1M
Buyer: BKM Capital Partners, LP
Seller: Business Properties Management
Listing Brokerage: Cassidy Turley
4. Jabil Circuit, Tempe
193KSF; $11,415,000
Buyer: EverWest Real Estate Partners, LLC
Seller: Jabil Circuit, Inc.
Listing Brokerage: Cushman & Wakefield
5. 9235 S. McKemy St., Tempe
81,200 SF; $7.5M
Buyer: Development Services of America, Inc.
Seller: Atlas Development Corporation
Listing Brokerage: Cassidy Turley
Industrial Leases
1. Kyrene 202 Business Park – Building I, Chandler
50,544 SF
Landlord: EastGroup Properties
Tenant: CORT Business Service Corp
Landlord Brokers: Paul Sieczkowski and Rob Martensen, Colliers International
TENANT Brokers: Jim Wilson, Cushman & Wakefield
2. 3315 W. Buckeye Rd., North Building, Phoenix
43,357 SF
Landlord: The Blackstone Group LP
Tenant: DAT Cabinets
Landlord BrokerAGE: JLL
TENANT BrokerAGE: Southwest Commercial Brokerage
3. 4707 W. Van Buren St., Phoenix
40,541 SF
Landlord: William I & Patricia M. Grubman Trust
Tenant: Allied Packaging Corporation
Landlord BrokerAGE: Cassidy Turley
TENANT BrokerAGE: American Realty Brokers
4. 1502 E. Haldey St. – Bldg. 6, Phoenix
36,368 SF
Landlord: Phoenix Adobe Partners, LLC
Tenant: Allied Packaging Corporation
Landlord BrokerAGE: Harrison Properties
TENANT BrokerAGE: Cassidy Turley
5. 4445 E. Elwood St., Phoenix
37,552 SF
Landlord: ADOT;Prologis
Tenant: J & K Cabinetry, Inc.
Landlord BrokerAGE: ADOT
TENANT BrokerAGE: Colliers International
