SVN’s Rommie Mojahed closed more than $55M in 2017
Director of retail leasing and sales investments, Rommie Mojahed had an extraordinary year in 2017 as a commercial real estate broker. Mojahed has a retail team at SVN Desert Commercial Advisors that prides itself on their expertise in the retail markets, redevelopment, and land development all across the valley. With Mojahed’s strong work ethic and loyalty to his clients, he was able to break last year’s records in sales and leasing transactions.
Mojahed closed 63 transactions ranging from landlord and tenant representation leases, retail shopping center sales, land sales, and new retail development projects in the east valley. Some of his most notable deals were closed in the second half of the year. Besides the sale of Higley Village in early April, Mojahed co-brokered the sale of an office/flex warehouse freestanding building in early June. SVN represented local Red Cup Living founder, Michael Romley in the sale for $985,000. Later in the year, sale contracts closed on a few more properties including Broadway Plaza II in Mesa, land off Meridian & Ocotillo Roads in Queen Creek, the fully leased Automotive Center in Glendale, co-brokered with Eddie Gonzalez and the special purpose property off 58th Street & Indian School Road totaling $8.5M in just those 5 deals. That is an average of $1.4M per sale.
Last December, Mojahed was featured in the national Western Real Estate Business. The article addresses the employment growth and population expansion that fuels the demand for retail development in Arizona. Investors have a chance to read personal insights of the real estate market, especially in the east valley. Mojahed will also be a Retail Panelist at the IREM / CCIM Economic Forecast at the Arizona Biltmore this Thursday, January 25th. Rommie Mojahed has served on many panels and boards to discuss the retail market, including previous participation at the ICSC (International Council of Shopping Centers) conference in Las Vegas, Nevada. Mojahed has worked with a variety of Economic Development Program Managers and Development Leaders for years. It is relationships like those that also fuel the collaboration between the city’s interest and commercial real estate brokers.
Mojahed’s retail team currently has over 9.1 million in square-foot inventory on the market in lease, sales and land opportunities. Senior advisor, Beau Flahart has several land listings with Mojahed in the east valley. Flahart specializes in shopping center sales, retail land development and works with investors to capitalize on their investment. You can catch the most updated weekly retail news in his ‘Flashback Friday’ newsletter that is distributed to brokers and investors across the country. Eddie Gonzalez has spent countless hours in research and analytics of the central Phoenix corridor market to identify tenants and its properties. He is a force to be reckoned with. Lindsey Dulle is also a licensed advisor at SVN but focuses on marketing and promoting all of the property materials for the active listings. You can find the beautiful marketing brochures for all the listings on CoStar, LoopNet, CREXi, and other CRE platforms across the nation. In short, retail and/or land investors should seize the huge opportunity in the east valley, including Queen Creek, Mesa, Chandler, Gilbert and Apache Junction. Arizona will continue to remain above the national benchmark and will be the market to watch in 2018 moving forward.