PHOENIX, ARIZONA (August 14, 2019) – A pair of long-term leases at two properties in Gilbert, Arizona, for Progressive Casualty Insurance Co. totaling $4.18 million highlight recent deals by NAI Horizon professionals.
Sharon Reeves negotiated the sale of a 2,888 SF retail building, representing the seller, The Clarke Revocable Trust, for $620,000. The property is located at 7114 E. Sahuaro Drive, Scottsdale, AZ. The buyer, Last Mile Holdings, LLC, was represented by Kurt Saulnier with Lee & Associates.
Joan Krueger negotiated the sale of a 1,727 SF office building, representing the buyer, East Baseline, LLC, for $370,000. The property is located at 6640 E. Baseline Road, Mesa, AZ. The seller, Primesource, LLC, was represented by Jon Willis with Willis Property Company.
Isy Sonabend represented the tenant, Progressive Casualty Insurance Co, in a 65-month lease for 25,193 SF at 339 E. Germann Road, Gilbert, AZ. The landlord, Reserve at San Tan 4, LLC, was represented by Mike Garlick with Newmark Knight Frank.
Isy Sonabend represented the tenant, Progressive Casualty Insurance Co, in a 64-month lease for 42,149 SF at 1395 N. Fiesta Drive, Gilbert, AZ. The landlord, AEI Fiesta, LLC, was represented by Evan Koplan with CBRE.
Laurel Lewis and Jay Olson represented the tenant, First Choice Loan Services, Inc., in a 65-month office lease for 3,548 SF at 10446 N. 74th St., Scottsdale, AZ. Adam Tolson with Lee & Associates represented the landlord, JAWS74, LLC.
Laurel Lewis and Thomas Bean, CCIM represented the landlord, Top of the Tram, LLC, in a 64-month office lease for 4,600 SF at 2165 W. Pecos Road, Chandler, AZ. The tenant, RLF Consulting, LLC, was represented by Tyler Bode with Commercial Properties.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 60-month retail lease for 1,200 SF at 21545 S. Ellsworth Loop Road, Queen Creek, AZ. The tenant, Optimum Home Solutions, was represented by Jamie Prieto with DPR Realty.
Matt Harper, CCIM represented the tenant, Higher Hopes, LLC, in a 39-month retail lease for 6,000 SF at 3690 S. Estrella Parkway, Goodyear, AZ. The landlord, Tall Development, LLC, was represented by Natalie Jaafar with Phoenix West Commercial.
Matt Harper, CCIM represented the landlord, Janaland, LLC, in a 51-month retail lease for 1,700 SF at 6601 W. Indian School Road, Phoenix, AZ. The tenant, HireSource Staffing Solutions, LLC, represented itself.
TUCSON, ARIZONA (August 6, 2019) — The Mexican Winter Baseball League’s version of “Spring Training” will return to the Valley for the eighth consecutive year.
This year marks the Mexican Baseball Fiesta’s fifth year in Mesa. This year’s games will be September 27-29. Four of the top teams from the Liga Mexicana del Pacifico will participate: Los Naranjeros de Hermosillo, Yaquis de Obregón, Águilas de Mexicali and Cañeros de Los Mochis.
A new addition this year is the future stars from the Arizona Fall League team – Mesa Solar Sox. The Solar Sox are made up of the top prospects of Cubs, Indians, Angels, A’s and Tigers. The six games (three doubleheaders) also are the most played in any Phoenix Fiesta.
All games will be played at Sloan Park, 2330 W. Rio Salado Parkway in Mesa, which is home to the Chicago Cubs during Spring Training.
“The Mexican Pacific League is as popular in Mexico as Major League Baseball is in the U.S., if not more so. We’re excited to bring the most teams to the Fiesta (five) in our eighth year Phoenix history this year,” said Francisco Gamez, Mexican Baseball Fiesta, Founder and Partner.
Gamez played over 10 years in the Mexican Pacific League as well as in the Milwaukee Brewers organization in the states.
“Constant excitement is the best way to describe the Mexican Baseball Fiesta. The energy of the fans, the music, the food and fun make this a unique experience for all baseball fans,” said Gamez.
Mike Feder and Jack Donovan joined Gamez in forming the Mexican Baseball Fiesta, LLC in 2011.
“The word Fiesta best describes our event – a party. The MexicanBaseball Fiesta will continue to be a tradition in Mesa for many years to come,” said Feder, President of the Mexican Baseball Fiesta. “We’re excited the Mexican Baseball Fiesta continues to grow in the Valley every year. Last year, was the most attended Fiesta for our Phoenix area games. We are thrilled to have to the Mexican Baseball Fiesta return to Mesa, as well as continuing the heated rivalry Hermosillo vs. Obregón for two nights for our fans to enjoy.”
Added Justin Piper, Chicago Cubs General Manager – Sloan Park: “Sloan Park is excited to once again host the Mexican Baseball Fiesta. We look forward to welcoming the Mexican Winter League teams and their fans for an energetic baseball experience.”
Mesa is one of a number of cities taking part in this year’s Mexican Baseball Fiesta. The other cities finalized are Las Vegas, Tucson, Douglas and Nogales on both sides of the border.
Tickets to the general public go on sale online August 12, at www.MexicanBaseballFiesta.com or www.sloanpark.com. Ticket prices for box seats are $15 and general admission tickets are $10. Tickets for children age 6-16 are $6. These prices are the same as 2018. Fans can purchase tickets at the Sloan Park Ticket Office September 23-29 from 10 a.m. to 4 p.m., or until the top of the 7th inning on game days.
Information on the Mexican Baseball Fiesta, LLC is available at www.MexicanBaseballFiesta.com.
PHOENIX, ARIZ. (August 5, 2019) – Since hosting its inaugural event in Phoenix on Nov. 4, 1999, the Southwest chapter of the Real Estate Investment Advisory Council (REIAC) has become one of the Valley’s most prestigious commercial real estate networking and mentoring organizations.
Founded by businessman Larry Heath, who at the time was with Vestar Development, REIAC Southwest is celebrating its 20th anniversary this year. REIAC is an exclusive national fellowship of top real estate executives that offers superior educational events, networking opportunities and community service.
It has four regions in the U.S. and was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions.
Through three of its programs, the Southwest chapter has established itself as a leader in educating and mentoring the next generation of commercial real estate professionals. Those programs include:
>> The REIAC/Rockefeller Challenge: The top three out of six teams consisting of graduating students from Arizona State University’s W. P. Carey School of Business, Masters of Real Estate Development (MRED) program, present their development projects to REIAC’s membership who pepper the teams with questions and comments about their proposals. Each member of the winning team walks away with a $1,000 check from REIAC and the event sponsor, The Rockefeller Group. It completed its sixth year in 2019.
“The Challenge has changed the dynamics and competitiveness among the teams to be chosen as one of the top three invited to the Challenge,” said Mark Stapp, Executive Director of the MRED program.
>> MRED scholarships: REIAC awards two scholarships to MRED students at the beginning of each academic year. The MRED faculty select six students who are interviewed by several REIAC board members. The selection criteria include financial need; desire to pursue a career in real estate development or investment after graduation and; desire to stay and pursue their career in Arizona after graduation. After the interviews, the top two deserving students are each awarded a $2,500 scholarship.
>> The REIAC Southwest/Junior Achievement of Arizona Land Development Pitch Competition: REIAC members present five classes per semester introducing high school students to the built environment and the real estate development process. Teams of students from Gateway Early College High School in Phoenix present their proposed developments to a panel of REIAC judges to convince them that their project is the best investment. Each member of the winning team receives a gift card for up to $175. It completed its first two semesters during the 2018-2019 academic year.
“This program made our 11th and 12th grade students extremely happy and most importantly, confident as they leave our school and move on to bigger and better futures,” the students’ teacher, Karen Hawkes, said of the REIAC volunteers.
“The MRED Challenge and the Junior Achievement program give REIAC the opportunity to share our members’ expertise,” said Mark Singerman, President of REIAC Southwest and Vice President/Regional Director-Arizona for The Rockefeller Group.
Cheri Brady, a founding board member with the REIAC Southwest chapter 20 years ago, serves as Chair of the Membership Committee. She agreed that community outreach and mentoring are signatures of the organization.
“Mark has really taken the lead with those initiatives,” said Brady, Vice President and Senior National Account Manager, National Commercial Services Division, First American Title Insurance Company. “He was instrumental in the outreach with Junior Achievement and the class curriculum for the high school students. He has since really expanded his role to help with our various programs and speakers.”
Brady says there are approximately 85 members in the local chapter. The Board’s goal is to field a roster of about 120 professionals.
“Being an active member of REIAC has provided me many opportunities over the years and I attribute much of my professional success to this organization,” Brady said. “It is a privilege to regularly interface with our membership and create relationships with industry leaders. The benefits include numerous business opportunities for me and my team.
“The first year I put a toe in the water to see how it would play out. Twenty years later I’m still an active member and love what the organization has become. As a board member and Membership Chair, I have a dual incentive to encourage REIAC’s growth,” Brady said.
“Another big part of REIAC Southwest is bringing in top-notch local and national speakers for our members and their guests. Just as our members share their expertise, these speakers provide relevant and timely information in the global commercial real estate world,” Singerman said.
The networking opportunities REIAC Southwest offers its members include four main evening programs per year and four breakfast programs with panelists discussing industry trends. The distinguished speaker program has featured national industry experts such as Dr. Peter Linneman, Hessam Nadji, John Cushman, Gerald Hines Sr., Dr. Michael Crow, Jerry Colangelo, Gary Knight, Jerry Moyes and many other industry and business leaders.
REIAC members present five classes per semester introducing high school students to the built environment and the real estate development process. Teams of students from Gateway Early College High School in Phoenix present their proposed developments to a panel of REIAC judges to convince them that their project is the best investment.
PHOENIX, ARIZONA (August 14, 2019) – Embracing change to help owners compete in today’s environment. Snapshots of the Phoenix and Arizona markets. Misconceptions and reality of the development cycle.
These and many other topics will highlight the 21st Annual Arizona Self-Storage Conference & Trade Show September 25 and 26 at the Wild Horse Pass Hotel & Casino, 5040 Wild Horse Pass Blvd., Chandler, Arizona. The Arizona Self-Storage Association (AZSA) is the trade association that represents the self-storage industry in Arizona.
The conference comprises the Owners Summit on September 25 and the Operational Symposium on September 26. The annual golf tournament precedes the conference September 24 at Whirlwind Golf Club at Wild Horse Pass.
“This year’s theme is ‘Embracing Change to Compete Today,’” said AZSA Executive Director Anne Mari DeCoster. “The expertise the speakers bring to our conference embodies our approach to this year’s conference – embracing change to help owners and operators compete in today’s self-storage industry. We couldn’t be prouder of the caliber of our speakers.”
AZSA and The BSC Group kick off the conference with the Owners Summit. The opening discussion, “Will the Real Economy Please Stand Up?” will be presented by Dr. Chris Thornberg of Beacon Economics. The local self-storage outlook, “Self-Storage in 2019: A Focus on Arizona and Phoenix,” will be delivered by Theresa Gallas of Radius+.
Other presentations on the first day include “It’s Coming for You: New Supply,” by Guy Middlebrooks of Cube Smart; “Automation: Fact or Fiction?”, by Travis Morrow; “Pivoting: Technology that is Changing the Self-Storage Industry,” by Lonnie Bickford, owner of Appletree Storage and StorageAuctions.com; “Improving Cash Flow Through Tax Strategies,” by Heidi Henderson of Engineered Tax Services; and “Beyond Billboards & Yellow Pages: Marketing in 2019 and Beyond,” by James Malone of G5.
This year’s “Inside the Operator’s Studio” features AZSA board member Travis Morrow interviewing Robert Schoff, a founding AZSA board member and Chairman of the Board of National Self-Storage Management.
The Operational Symposium on September 26 kicks off with “Dominate Your Competition, Part 1,” presented by Jim Ross of Self Storage Domination. Online reviews will also be discussed, followed by “Dominate Your Competition, Part 2.” The second wraps up with a Q&A featuring Jim Ross and Richard Marmor, Chair of AZSA’s Legal & Legislative Committee.
The conference will include vendor/sponsor exhibits in the showroom where all the presentations take place.
Registration fee is $140 for owner/operator members; $190 for owner/operator non-members. Register here.
AZSA boasts more than 600 facilities in the association owned by approximately 300 owner/operators as well as more than 100 associate members who are both local and national vendors to the self-storage industry.
Founded in 1996, the Arizona Self-Storage Association was created to strengthen the self-storage industry in Arizona, promote professional standards and quality, and present a unified voice on issues affecting the industry in the state and in its communities. AZSA continues that mission today with approximately 700 facility and vendor members and 300 owners. AZSA works to add and refine services which benefit it members. These services include legislative watch, legal resources, communications, facility and vendor search, educational events and networking and the AZSA Self-Storage Conference & Trade Show. For more information visit azselfstorage.org.
PHOENIX, ARIZ. (July 31, 2019) — Marwest Enterprises is pleased to announce the successful joint venture for its new development known as Logic Park 91. The project consists of three buildings totaling 720,000 SF on 44 acres.
The new $53M, Class-A industrial project will be located at the intersection of 91st Avenue and Buckeye Road in Phoenix. The project is expected to be completed by the end of 2Q 2020.
Logic Park’s buildings will range from 230,000 SF to more than 250,000 SF of leasable space and will be delivered simultaneously to meet the market’s significant demand. The project was designed to provide tenants with a diverse range of spacing options, devisable down to 20,000 SF, as well as single building identity.
“We are very excited to bring this major project to the West Valley. With the tremendous demand for quality industrial product in the area, combined with the significant economic impact being brought to the City of Phoenix, we view this as a prime location for this type of development,” said David Martens, Principal with Marwest Enterprises.
Marwest Enterprises partnered on the project with a large institutional capital provider. Construction financing was provided by Alliance Bank of Arizona.
“Our ability to secure institutional capital for Marwest is a true testament to their experience and the solid investment fundamentals that exist within the West Valley,” said Roman Nelson of CapMatrix, who served as strategic capital advisor on the transaction.
Other project partners include Ware Malcomb, architect; Willmeng Construction, general contractor; and Hunter Engineering as the engineer. Leasing for Logic Park 91 will be handled by Gary Anderson and Mike Gilbert at Cushman & Wakefield.
“We are very proud to represent Marwest as the leasing team at Logic Park and helping to fill this market’s demand for quality industrial space. We look forward to a very successful endeavor,” Anderson said.
About Marwest Enterprises LLC
Marwest Enterprises LLC is a real estate investment firm based in Scottsdale, Arizona, which focuses on investment opportunities in the Southern United States. Founded in 1994, Marwest has been advising capital sources on development and value-add opportunities on behalf of their clients by providing unbiased analysis and a comprehensive real estate management solution to projects in the region. For more information, visit www.marwestcapital.com.
TUCSON, ARIZ. (July 30, 2019) – The Southern Arizona Environmental Management Society (SAEMS) recently received a $2,500 grant from the foundation of engineering consulting firm Terracon, which has Arizona offices in Tucson, Tempe and Avondale.
The Terracon Foundation Board selected SAEMS as its grant recipient. Terracon Senior Associate Derek Koller submitted the nomination. The grant will be used to award a single, $1,500 scholarship to an SAEMS applicant. The remaining funds will be used for student scholarships to both luncheons and the group’s annual RCRA seminar.
SAEMS is an environmental organization that provides educational, networking, development and community improvement opportunities to help learn about environmental concerns and issues related to the growing desert community.
“As both a past SAEMS board member and scholarship winner, I am proud to be an employee-owner at a company that allows us to support and advocate for organizations in our community that we are involved with,” Koller said.
Terracon has been a corporate partner of SAEMS for more than 10 years.
“SAEMS is grateful to have received this funding from the Terracon Foundation,” said outgoing SAEMS President Ouatfa Chuffe-Moscoso. “Terracon has been a long-time supporter through volunteerism, participation on our board and committees and in recent years assisting us with grant opportunities. They allow us to make a real and positive impact in the lives of students seeing an education and career in the environmental health and safety industry.”
Terracon is an employee-owned consulting engineering firm with more than 4,000 employees providing environmental, facilities, geotechnical, and materials services from more than 140 offices with services available in all 50 states.
Terracon currently ranks 24th on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
To learn more about Terracon visit terracon.com/offices/tucson/
PHOENIX, ARIZONA (July 29, 2019) – The $5.4 million sale of a long-standing mobile home park in Apache Junction and the $4.63 million sale of an iconic Phoenix office building highlight recent deals by NAI Horizon professionals.
Russ Warner, Andrew Warner & Victoria Filice negotiated the sale of a mobile home park, representing the seller, Christine G. Weech Testamentary Trust & Hyrum Newell Weech Testamentary Trust, for $5.4 million. The property is located at 1050 E. Broadway Ave., Apache Junction, AZ. The buyer was First American Exchange Company as Qualified Intermediary for White Sands MHC LLC.
Lane Neville and Logan Crum negotiated the sale of a 28,312 SF office building, representing the seller, Alva Pinchot, LLC, for $4.63 million. The property is located at 2944 N. 44th St., Phoenix, AZ. The buyer was Curran Properties, LLC.
Kevin Higgins represented the tenant, Phoenix Children’s Center, Ltd, in a 120-month lease for 4,217 SF at 1661 E. Camelback Road, Phoenix, AZ. The landlord, IPF, 1661 LLC, represented itself.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 120-month retail lease for 2,000 SF at 21545 S. Ellsworth Loop Road, Queen Creek, AZ. The tenant, Shea Madison, LLC, represented itself.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 62-month retail lease for 9,870 SF at 4925 W. Bell Road, Phoenix, AZ. The tenant, Lifetouch National School Studios, Inc., represented itself.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6ARP, LLC, in a 63-month retail lease for 3,974 SF at 18561 N. 59th Ave., Glendale, AZ. The tenant, JL Restaurant Group, LLC, was represented by Jeff Yager with Sage Property Management.
Isy Sonabend represented the tenant, Smalley and Company, in a 36-month industrial lease for 12,247 SF at 4250 S. 38th St., Phoenix, AZ. The landlord, Presson Broadway, LLC, was represented by David Bean with CPI.
Joan Krueger represented both tenant, Nationwide Waste Service and landlord, San Tan Irrigation District, in a 60-month office lease for 1,600 SF at 3798 E. Chandler Heights Road, Gilbert, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented both tenant, Modern Warriors Pro, LLC, and landlord, CP6MF, LLC in a 63-month retail lease for 1,200 SF at 1840 E. Warner Road, Tempe, AZ.
Troy Giammarco represented the landlord, Pisa Properties Sixteenth, LLC, in a 36-month office lease for 2,381 SF at 8765 W. Kelton Ln., Peoria, AZ. The tenant, Pediatric Partners, LLC, represented itself.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 48-month office lease for 1,401 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, G.A. Yeager & Associates, Inc, represented itself.
Thomas Bean, CCIM and Jay Mininberg, JP represented the tenant, Martin J. Berkley, PLLC, in a 39-month office lease for 1,082 SF at 1500 E. Bethany Home Rd., Phoenix, AZ. The landlord, Jamel Greenway, LLC, was represented by Adam Tolson and Mike Marsh with Lee & Associates.
Matt Harper, CCIM represented the landlord, SAJ Properties, LLC, in a 14-month retail lease for 1,310 SF at 15420 N. 67th Ave., Glendale, AZ. The tenant, Atomic Construction, LLC, represented itself.
Matt Harper, CCIM represented both tenant, Stepping Stone Adult Development Center, LLC, and landlord, Elmo Tari Trust in a 20-month retail lease for 944 SF at 12235 N. Cave Creek Road, Phoenix, AZ.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC, in a 13-month retail lease for 1,382 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Madison Grey Photography, LLC, represented itself.
PHOENIX, ARIZONA (July 29, 2019) – MEB Commercial Group, a provider of comprehensive commercial management services throughout Metro Phoenix, is pleased to announce the addition of another industry professional at its Phoenix office.
Tyrel Williams has joined the commercial team as Vice President of Commercial Real Estate. Williams is a seasoned professional with a rich background in real estate management, risk management, and business operations and holds his Certified Property Manager (CPM ®) designation from the Institute of Real Estate Management (IREM ®).
“We are very excited to announce Tyrel Williams as our Vice President of Commercial Real Estate. Having Tyrel join our leadership team expands the depth of our expertise and therefore allows us to bring greater value to each of our clients. This comprehensive and accomplished team enables us to continue with our strategic growth plan,” said MEB Principal Libby Ekre, CPM ®.
Williams brings a wealth of experience from his professional career serving in several positions of high responsibility with leading companies such as CBRE, Coldwell Banker Commercial, University of Utah and Allstate Insurance Company. He has managed multimillion-dollar commercial real estate portfolios, overseen several large construction and development projects, and managed risk through insurance strategies for various property owners and businesses.
Williams holds a Bachelor of Science degree in facility and property management and holds active real estate and insurance licenses in Arizona.
PHOENIX, ARIZONA (July 24, 2019) – NAI Horizon represented the tenant, Phoenix Children’s Center, Ltd., in a long-term lease renewal at Camelback Arboleda located at 1661 E. Camelback Road, in Phoenix.
NAI Horizon Vice President Kevin Higgins negotiated the $1.317 million lease totaling 4,215 SF.
“The pediatric group has occupied space in the building since 2009,” Higgins said. “The landlord, Fenway Capital Advisors, recently started a major building renovation and the tenant is excited to continue to serve its patients in this centrally-located gem.”
Built in 1982, Camelback Arboleda totals almost 180,000 SF. It is located in the desirable Camelback Corridor with easy access to the SR-51 and is supported by more than 2 million square feet of retail amenities within a 2-mile radius.
Fenway Capital Advisors, based out of Solana Beach, California, has been an active owner of office properties throughout Maricopa County over the past 15 years.
PHOENIX, ARIZONA (July 23, 2019) – Libby Ekre, Principal of MEB Management Services, one of Arizona’s prominent women-owned firms, was among the winners of the 2019 Globe St. Women of Influence in commercial real estate.
Since 1983, Globe St. and Real Estate Forum have recognized women who significantly influence the real estate profession and drive the industry forward. Entries are evaluated based on a number of factors including professional reputation, career highlights, innovation, creative thinking and dedication to advancing the role of women in real estate.
Ekre, CPM®, was named a Woman of Influence in the Property/Facility Manager of the Year category. She is among eight Institute of Real Estate Management (IREM) members who were honored.
“I am truly honored to be recognized, along with my fellow IREM executives, as one of Globe Street’s Women of Influence of 2019,” Ekre said. “At MEB, our purpose is to enrich the lives of our clients, residents and team members by creating value. Our team exemplifies these values and owns this mission every day. This recognition is due in large part to this dedication and I’m grateful to be a part.”
Ekre is a Principal of MEB, an Arizona-based AMO® firm which manages multi-family and commercial properties as well as residential homes. Ekre oversees MEB’s quality assurance, training and human resources departments. She is the Executive CPM® for the firm and holds an Arizona real estate license.
Ekre has served in a variety of leadership positions in the industry including Regional Vice President for IREM and board member of the Turn Around Management Association. She is a two-term President for the IREM Greater Phoenix Chapter. She is a 2019 Executive Committee Member for IREM. Ekre is a regular volunteer for the House of Refuge in Phoenix.
The Women of Influence were recognized in the July/August issue of Real Estate Forum. They were also honored at the inaugural Globe St. ELITE Women of Influence conference July 10 in Broomfield, Colorado.