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


1. Fountain Hills Plaza, Fountain Hills FountainHillsPlaza
111,289 SF; $20.5M
Buyer: Whitestone REIT
Seller: The Pederson Group
Listing Brokers: Glenn Smigiel, Bob Young, Steve Brabant and Rick Abraham, CBRE

2. Safeway, Peoria
57,795 SF; $14.36M
Buyer: SAR Enterprises
Seller: Pacific West Land
Listing Brokerage: CBRE

3. LA Fitness, Casa Grande
45,000 SF; $9M
Buyer: The McNaughton Company
Seller: Vanderbilt Group, LLC
Listing Brokerage: Retail Investment Group, LLC

4. Ashley Furniture/Oasis Bedrooms, Mesa
53,312 SF; $6.1M
Buyer: Ashley Furniture
Seller: Coventry II DDR SM
Listing Brokerage: Marcus & Millichap

5. Palm Valley Pavilions East, Goodyear
35,199 SF; $4.8M
Buyer: Claxton Real Estate LP
Seller: John & Cathy Monson
Listing Brokerage: CBRE


1. Greenway Village, Phoenix  PHX Karting Indoors - Ds3 Rendering 091313
94,500 SF
Landlord: McKinley, Inc.
Tenant: HobbyTown USA
Landlord Broker: Trent Rustan, Arizona Partners Retail Investment Group LLC
Tenant Broker: Josh Gosnell, Commercial Properties, Inc.

2. Broadway Dobson Center, Mesa
42,303 SF
Landlord: MGF Property, LLC
Tentant: Call It New, Call It Antique
Landlord BrokerAGE: Rein & Grossoehme
Tenant BrokerAGE: LevRose Real Estate

3. 140 N. Country Club Dr., Mesa
33,438 SF
Landlord: A & S Capitol, LLC
Tenant: J Levine Auctions
Landlord BrokerAGE: Menlo Group Commercial Real Estate
Tenant BrokerAGE: Menlo Group Commercial Real Estate

4. Chandler Festival, Chandler
31,906 SF
Landlord: Cole Real Estate Investments
Tenant: Conn’s
Landlord BrokerAGE: RED Development, LLC

5. Glendale Market Square, Glendale
28,909 SF
Landlord: Kimco Realty
Tenant: EJ’s Auction
Landlord BrokerAGE: Kimco Realty