Commercial Properties, Inc. (CPI), Arizona’s largest locally owned commercial real estate brokerage, reported its top transactions for last week.
In land sales, Bob Deininger and Donn Kinzle handled both sides of the deal for 8.7 acres of land located east of the southeast corners of Daisy Mountain Road and Meridian Drive to Merrill Gardens.
“Merrill Gardens is a family run company with 21 senior living communities located in Alabama, California, Nevada and Washington. Their plans include a brand new 123,000 square foot senior care facility which will address the needs of residents by focusing on their high standards of service, and long-term commitment to quality and security,” said Kinzle. Merrill Gardens purchased the property for $1,042,000.
Jeff Hays, Chad Neppl, and Ryan Steele leased a ±51,260 SF industrial property at 6902 W. Hadley Street in Phoenix to Brian and Serena Moran dba Sun Country Trailers and Towing Equipment, and PlayCraft Trailers. The 20 year old company will continue manufacturing all types of trailers and towing equipment at their new location on Hadley Street in Phoenix.
According the Jeff Hays, “The 6.75 acre site was formerly occupied by Wells Cargo Trailers, and came with a paint spray booth which made it ideal for the new tenant in the same line of business.” The terms of the lease were not disclosed.