Market Street at DC Ranch, Scottsdale

April 26, 2014


Big Deals: Retail, Dec. 2013 to Jan. 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 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 (October 1 to November 30, 2013) Source: Cassidy Turley Research Department, Colliers International and CoStar

Retail Sales

1. Market Street at DC Ranch, Scottsdale
241,280 SF; $37.4M
Buyer: Whitestone REIT
Seller: DMB & Associates, Inc.
Listing Broker: Chad Tiedeman, Phoenix Commercial Advisors

2. Canyon Trails Towne Center, Goodyear
115,145 SF; $23.5M
Buyer: TriGate Capital, LLC
Seller: Vestar Development Co.
Listing Brokerage: Cassidy Turley

3. Chester’s Harley-Davidson, Mesa
38,628 SF; $14.2M
Buyer: Capital Automotive Real Estate Services, Inc.
Seller: Chester Real Estate, LLC

4. Arcadia Plaza, Phoenix
63,635 SF; $13.7M
Buyer: Phillips Edison
Seller: R J Realty Investors, LLC
Listing Brokerage: Strategic Retail Group

5. Gilbert Town Square, Gilbert
158,727 SF; $13.4M
Buyer: BH Properties, LLC
Seller: Torchlight Investors
Listing Brokerage: Cushman & Wakefield

Retail Leases

1. Northern Lights Center, Glendale
27,780 SF
Landlord: CIRE Partners
Tentant: Stardust Nonprofit Building
Landlord Brokerage: Chris Hollenbeck and Brad Douglass, Cassidy Turley
Tenant Brokerage: Martin Leon, De Rito Partners

2. Monterey Vista Village, Chandler
29,280 SF
Landlord: Keith-Pecos, LLC
Tenant: Xtreme Air Jump N Skate
Landlord Brokerage: Cassidy Turley
Tenant Brokerage: Capital Asset Management

3. Ross Dress for Less, Phoenix
25,840 SF
Landlord: 53rd & Is LLC
Tenant: Ross Dress for Less
Landlord Brokerage: Red Mountain Retail Group
Tenant Brokerage: Western Retail Advisors

4. South Point Plaza, Tempe
28,850 SF
Landlord: MCS South Point Plaza
Tenant: Goodwill
Landlord Brokerage: Strategic Retail Group
Tenat Brokerage: Velocity Retail Group

5. Arrowhead Towne Center, Glendale
18,321 SF
Landlord: Phoenix Rolling Hills, LLC
Tenant: Furniture Warehouse Factory Direct
Landlord Brokerage: De Rito Partners