by Peter Madrid | May 9, 2018 | News & Updates
PHOENIX, ARIZONA (May 9, 2018): NAI Horizon represented the tenant in negotiating a long-term lease for Biltmore Nail Bar at the prestigious Biltmore Plaza shopping center, located at 3150 E. Camelback Rd., in Phoenix.
The NAI Horizon retail team of Gabe Ortega, Chris Gerow, Shelby Tworek and Patrick Anthon represented Biltmore Nail Bar, LLC of Phoenix in the 10-year lease transaction.
“Biltmore Plaza is one of the premier retail properties along the Camelback Corridor with a dynamic tenant roster that really caters to the high-end consumers in the area,” Ortega said. “The caliber of the build-out and concept that the tenant has planned here is going to set a new standard for luxury in the beauty and aesthetics service sector. In addition to manicures and pedicures, they will also offer waxing, facials, and therapeutic massage.”
The grand opening is scheduled for mid to late September.
Biltmore Nail Bar will occupy 5,000 square feet at Biltmore Plaza, which sits on 10.65 acres at the NWC of Camelback Road and 32nd Street. Built in 1979, Biltmore Plaza is anchored by a Safeway supermarket.
by Peter Madrid | May 8, 2018 | News & Updates
GILBERT, ARIZONA (May 9, 2018) – Earthworks Environmental, LLC has expanded its Arizona operation with the hiring of Aaron Gordon as a compliance manager.
Prior to joining Earthworks Environmental, Gordon worked for 10 years in the primary fields of environmental due diligence and contaminated site management for both regional and multi-national environmental consulting firms.
Most recently he was the transaction services lead for the Cleveland, Ohio, office of Environmental Resources Management (ERM), a global provider of environmental, health, safety, risk, social consulting services, and sustainability related services.
“By offering land acquisition due diligence services, combined with our existing construction stormwater and dust permitting compliance services, we can provide seamless service from land acquisition through final site stabilization,” said Cherie Koester, Principal/Founder of Earthworks Environmental. “Aaron is a great asset to our team.”
Gordon has completed hundreds of environmental due diligence projects including transaction screens, lease exits assessments, desktop-based assessments of sites both domestically and abroad, and Phase I Environmental Site Assessments. His project experience has included agricultural properties, vacant and occupied residential and commercial properties, and active and closed industrial facilities primarily focused on manufacturing operations.
Working with diverse due diligence project teams in North America, Europe, and Asia, Gordon has worked under strict confidentiality and expedited timeframes. In addition, his experience with Phase II Investigations and contaminated site management allows him to recognize potential contaminants. This assists clients in making informed decisions on potential cleanup options and liability concerns.
Gordon is a graduate of Johnson State College in Johnson, Vermont, with a degree in natural resource management. He is a U.S. Army veteran. He served as a combat engineer, training sergeant and paratrooper. He was deployed in support of Operation Enduring Freedom (Afghanistan).
by Peter Madrid | May 7, 2018 | News & Updates
PHOENIX, ARIZ. (May 8, 2018) – Iconic Design Studio continues to provide comprehensive interior design services for diverse client projects.
They include a suite at Barrow Neurological Institute for a cutting-edge radiologist using artificial intelligence; satellite suites at Cancer Treatment Centers of America; a 15,000-square-foot new headquarters for the Arizona Care Network; and a 125,000 SF senior assisted living facility.
Besides providing interior design services, Owner/Principal Kelli Berry of Phoenix-based IDS consulted on conceptual interior space.
>> Barrow Neurological Institute AI suite (Barrow Artificial Intelligence Center), 1,200 SF, Phoenix: Work performed includes interior design, graphic design, FFE scope, and providing artwork. Work on the suite at BNI, 222 N. 3rd Ave., is scheduled to be completed in mid-2018.
“While this is a small project in size, it is huge in the world of healthcare technology,” Berry said. “Dr. Igor Barani’s current research studies explore various applications of big data analytics and artificial intelligence with the aim of improving outcomes for brain tumor patients and making clinical workflows more efficient.
“This technology will change the world of healthcare as it relates to brain and spine disease and pave the way for future diagnosis for other diseases. The IT requirements for this project are stringent and massive in scope. The people who work in this facility are of a generation accustomed to working on lounge seating, utilizing walls of writing surfaces, and more edgy design. This space, while very affordable (project cost of $300,000) will not have a typical hospital feel but rather a harder edge ‘techie’ feel more conducive to a creative environment,” Berry said.
ARCHSOL is the architect on the project.
>> Cancer Treatment Centers of America: IDS recently completed the interior design of two Outpatient Care Centers for Cancer Treatment Centers of America (CTCA), which are located in Scottsdale and North Phoenix. These facilities will focus on serving more patients more quickly, giving them greater access to personalized, patient-centered cancer care, with experts who focus only on cancer.
“CTCA is keenly aware of the environment their patient base needs to provide better health success outcomes,” Berry said. “On our part, there was attention to performance products, ease of maintenance, and control of external costs. IDS consistently provides a reasonable return on the company’s investment, which is always top of mind when designing any space.
“Evidence-based design is the key to understanding the design elements required to present the healing environment we all desire. It’s really common sense though. Clean, organized, consistent, soothing color palette, textural interest, natural lighting, inspiring art, and comfort are just a few of the design elements necessary to offer a kind and loving space in which to heal.
“CTCA, from our experience, has always asked us to look through the viewfinder of the patient. It is quite refreshing to work with folks who really care about the needs of those who are seeking better health. CTCA has plans for future growth within the community and IDS has plans to march right alongside with them,” Berry said.
“We focus a tremendous amount of time and attention on the needs of our patients. IDS is a proven partner in helping us create an environment in which our patients feel comforted and calm at a time in their life that is very often filled with anxiety and uncertainty. It is a pleasure to work alongside partners who understand the CTCA commitment to putting patients at the forefront of everything we do,” said Alan Swain, Assistant Vice President, General Services, CTCA in Greater Phoenix.
>> Arizona Care Network corporate headquarters, 15,000 SF, Phoenix: IDS was chosen to work with the forward-thinking folks at Arizona Care Network (ACN) for their new corporate headquarters. They are currently in design with plans to move into a new, 15,000 SF facility on Thomas Road at Arcadia Gateway.
ACN is a partnership between Dignity Health Arizona and Abrazo Community Health Network and includes hundreds of independent providers. As a network of more than 5,500 providers, ACN helps improve healthcare and reduce costs by actively managing care for their patients.
“Our rapidly growing organization serves doctors, patients, and business partners. We needed an environment that conveys our forward-thinking healthcare business combined with a warm and welcoming environment,” said Jami Berger, executive director of operations for ACN. “We’ve been very pleased with the recommendations and creativity of IDS to meet this challenge.”
The new corporate headquarters will boast dependable grays, fun royal blues and lime greens to give a respectful nod to their new logo. Transact Furniture created the color palette. IDS took its ideas and applied them to the entire suite, creating a fun and dynamic space to inspire their work in transforming healthcare quality and cost.
The ACN team has plans to display a rotating art gallery in support of the community it serves. IDS is involved in display solutions for this gallery as well as other art needs for the space. IDS is also responsible for all interior finishes and specialty lighting as well as any millwork design and construction documents. ACN plans to move mid-summer.
Bridgewater Solterra Midtown interior design by IDS.
>> Bridgewater Solterra Midtown 125,000 SF, Phoenix: Work performed on the ground up construction included interior design, furniture, art, construction documents, and project management. Work included flooring that consisted of Mohawk Group Modular 24×24 Seek Unique. Kitchell was the general contractor and Orcutt Winslow was the architect on the project.
“It was refreshing to work on a senior housing project with forward-thinking developers and operators who understood the need for more sophisticated and contemporary housing whether for low or high income. The demographics are demanding it,” Berry said. “We were able to give this resident-based facility the interior look of a high-end hotel.”
by Peter Madrid | May 7, 2018 | News & Updates
PHOENIX, ARIZONA (May 7, 2018) – NAI Horizon Senior Vice President Denise Nunez represented the seller and the buyer in negotiating the $10.755 million sale of a 638-unit self-storage facility at 24901 W. Yuma Rd., in Buckeye, Arizona.
Storage America DBA Store-All America RV and Self-Storage sold the 107,130 SF net-rentable facility, Store-All America RV and Self Storage, to a California buyer.
“For the right deals, the market continues to deliver high prices. The owners capitalized on the low inventory, high demand environment for self-storage properties, to sell below current market cap rates for a $100.39 per square foot price,” Nunez said.
“The buyer is an established self-storage owner and operator out of California who completed the sale with a 1031 Exchange. This sale represents the first for the buyer in the Arizona market,” Nunez said.
Store-All America RV and Self Storage sits on 9.11 acres in Buckeye. It comprises 638 drive-up units plus 240 outdoor RV parking spaces. The sale also included a U-Haul moving truck business.
by Peter Madrid | May 3, 2018 | News & Updates
PHOENIX, ARIZONA (May 3, 2018) – The new 11-story, 210-key Hampton Inn & Suites by Hilton is now open in downtown Phoenix, Mortenson announced today.
Mortenson also announced it has sold the new property located at N. 1st Street and E. Polk Street to Apple Hospitality REIT. The purchase price of approximately $44 million translates to $210,000 per key. The hotel will be managed by North Central Group, a leading hotel management company.
The new Hampton Inn & Suites Downtown Phoenix is adjacent to the Arizona State University Downtown Campus and is within walking distance of the Phoenix Convention Center. Asset highlights:
- First Hampton Inn & Suites in downtown Phoenix;
- 210 keys;
- Groundbreaking date spring 2017; completion date spring 2018;
- 11 stories, 115 feet tall, 123,900 square feet;
- Amenities include a bar and lounge, business center, meeting space, fitness center and breakfast area. Local art will be featured throughout the public areas and guest rooms;
- Developer and general contractor: Mortenson;
- Architect: PK Architects;
- Interior Designer: Design Force;
- Engineer: PK Associates, Peterson Associates Consulting Inc., Dibble Engineering.
The hospitality market in Phoenix continues to strengthen with the growing demand in the area. The hotel is Mortenson’s first development project in downtown Phoenix, as well as Hilton’s first Hampton Inn & Suites downtown.
“The new Hampton Inn & Suites Downtown Phoenix is an important part of the continued renaissance within the City’s urban core,” said Nate Gundrum, Vice President of Real Estate Development at Mortenson.
“Located in the heart of downtown, the new hotel will cater to a segment of traveler looking for an affordable, yet upscale experience proximate to a variety of entertainment and cultural attractions,” Gundrum said.
The hotel has a character that is uniquely Arizonan. The interior design highlights local artwork, as well as a lounge and gathering area inviting business and leisure travelers alike to enjoy the downtown atmosphere. It also features a business center, meeting space, fitness center and area for complimentary breakfast.
“This project is a great addition to our growing portfolio of work in the Valley and across the state,” said George Forristall, Director of Real Estate Development at Mortenson. “We have enjoyed the collaboration with the entire project team in helping this Hampton Inn & Suites reflect the unique downtown Phoenix vibe.”
Mortenson is a leading national hospitality and real estate developer. The company’s current and recent hospitality development projects include two AC Hotels by Marriott in Minneapolis and Portland, Ore.; a Home2 Suites by Hilton in Chicago; a JW Marriott and a Radisson Blu at Mall of America, Bloomington, Minn.; a Hyatt Centric in Portland, Ore.; the Hyatt Regency at the Oregon Convention Center in Portland; expansion of the Hotel Commonwealth, Boston; and the Marriott HARBORCENTER, Buffalo, N.Y.
by Peter Madrid | May 1, 2018 | News & Updates
PHOENIX, ARIZ. (May 2, 2018) – The West Valley is experiencing dynamic growth with the opening of the new Loop 303 and new residents and new businesses moving into the region.
AZCREW, the leading organization for senior-level executive women in the Metro Phoenix real estate field, presents “West Valley Women Leaders – The Momentum of the West Valley” at its May lunch.
Panelists include Sintra Hoffman, President and CEO of WESTMARC, which is positioning the West Valley for growth; Julie Arendall, City Manager of Goodyear, a vibrant city that is gaining the ability to compete for national firms; and Jeanine Jerkovic, Economic Development Director of Surprise, which is making strides – nationally and internationally – to grow its tech sector.
Sintra Hoffman
AZCREW’s “West Valley Women Leaders” is scheduled for May 15 at Phoenix Country Club, 2901 N. 7th St., Phoenix. Networking begins at 11:30 a.m. The program begins at noon.
Early registration for members is $40 ($45 after May 4); non-member pre-registration is $65, $85 at the event. Lunch is included. Register here.
Jeanine Jerkovic
Julie Arendall
by Peter Madrid | Apr 30, 2018 | News & Updates
PHOENIX, ARIZONA (April 30, 2018) – The sale of a flex building that will be converted into a music venue in the much sought-after Scottsdale Airpark submarket highlights recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Troy Giammarco and Tyler Smith negotiated the sale of a 30,000 SF property, representing the seller, C.R.C. Investments, LLC, for $6.3 million. The property is located at 8445 E. Hartford Drive, Scottsdale, AZ. Steve Barger with CRE Property Advisors represented the buyer, Proverbs 3:5, LLC.
Laurel Lewis negotiated the sale of a 3,648 SF office property, representing the seller, Bliss Unlimited, LLC, for $850,000. The property is located at 3533 N. 70th St., Scottsdale, AZ. Tony Werstler with My Home Group Real Estate represented the buyer, ACPTS Phx, LLC.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, VTA, LTD, in a 36-month retail lease for 36,825 SF at 3003 W. Apache Trail, Apache Junction, AZ. Carl Cunningham with My Home Group Real Estate represented the tenant, Sunshine Acres Boutique & Donation Center, Inc.
Tom Bean, CCIM, represented the tenant, Snap On Tools Company, LLC, in a 65-month office lease renewal at 426 N. 44th St., Suite 330, Phoenix, AZ.
Laurel Lewis represented the landlord, Rural Road Associates, LLC, in a 63-month office lease at 6515 S. Rural Rd., Tempe, AZ. Shane McCormick with Commercial Properties, Inc. represented the tenant, Journeys Counseling Center, PLLC.
Rick Foss and Tom Bean, CCIM, represented the tenant, Wilson Construction Company, in a 37-month industrial lease at 2228 W. 1st St., Tempe, AZ. Stein Kloss with Lee & Associates represented the landlord, 2228 W. 1st Street, LLC.
Laurel Lewis represented the tenant, Terracon Consultants, Inc., in a 60-month office lease at 1050 N. Fairway Drive, Building G, Avondale, AZ. Mike Gilbert with Cushman & Wakefield represented the landlord, Avondale Commerce, LLC.
Tom Bean, CCIM, represented the tenant, Emerald Pools & Spas, Inc., in a 64-month industrial lease at 2025 W. Deer Valley Rd., Phoenix, AZ. Eric Bell with Kidder Mathews represented the landlord, IP 2015 West Deer Valley Road, LLC.
Rick Foss represented the landlord, Gerald M. and Diane M. Olson Revocable Living Trust, in a 38-month lease at 115 N. 30th St., Phoenix, AZ.
Matt Harper represented the landlord, Caspian Corporation, in a 62-month office lease at 114 W. Camelback Rd., Phoenix, AZ.
Matt Harper represented the landlord, LASA Realty, LLC, in a 38-month retail lease at 7448 W. Glendale Ave., Glendale, AZ.
Matt Harper represented the landlord, MAZ Northern Plaza, LLC, in a 38-month retail lease at 5008 W. Northern Ave., Glendale, AZ.
by Peter Madrid | Apr 29, 2018 | News & Updates
SCOTTSDALE, ARIZONA (April 30, 2018) – Sigma Contracting, Inc. broke ground recently on the $7.4 million, 100,000-square-foot headquarters and warehouse for high-end furniture retailer Potato Barn.
Sigma is constructing the ground-up building on 8.4 acres at 7104 E. Ray Rd., in Mesa, Arizona. The facility will comprise 50,000 SF of retail, 30,000 SF for warehouse space, and 20,000 SF for an outlet store.
Catherine Frendahl
Potato Barn is a family-owned Arizona furniture store featuring unique collection and one-of-a-kind pieces imported from around the world. Potato Barn will close the Gilbert store at 4900 E. Power Rd. and the Gilbert outlet store at 596 E. Germann Rd., as part of the consolidation.
“Sigma Contracting is proud to be working with Potato Barn and its construction management team, Streamline Development, to bring a new ground-up facility to the Southeast Valley,” said Catherine Frendahl, business development specialist at Sigma, who was involved in the land acquisition of the project.
“The City of Mesa has been extremely helpful in pushing this forward and expediting the process for our client. This will be Potato Barn’s largest facility to date. Sigma is thrilled for the owners.”
Perez McGee is the architect of record. Work is expected to be completed in January 2019.
“We are excited to be able to bring new products to our customers from this facility,” said Potato Barn owner Greg Bongiorno. “We have seen an extra push on new designs from our manufacturers. We would like to thank everyone involved since 2002 for putting this together and making it happen.”
by Peter Madrid | Apr 24, 2018 | News & Updates
TEMPE, ARIZ. (April 24, 2018) – Caliente Construction, an Arizona-based general contractor providing commercial construction services in the Western U.S. for almost 30 years, announces the hiring of a vice president of operations and a director of retail services.
Steve McKendry, VP of operations, will be an integral part of Caliente’s day-to-day operations focusing on the company’s growth while providing leadership and direction. Chris Cruthis will manage the operations and expansion of Caliente’s national retail business.
McKendry joins Caliente after three years at Kraus-Anderson Construction as its vice president of field operations. He also served as senior regional pre-construction manager for Target Corporation.
“As a third-generation builder/developer, construction is in Steve’s DNA and we are so excited to add his experience and expertise to our team,” said Caliente President/CEO Lorraine Bergman.
Cruthis served as senior vice president of operations during the past five years at Powerhouse Retail Services. He was also president of Southern Building and Renovation for seven years. He possesses more than 28 years of experience in architectural design, store planning, fixture design, and program management for major retail groups.
“Almost daily there is a story about the death of retail, but Caliente’s retail business is expanding in the form of rebranding, renovation, store downsizing, and transformation of space for distribution operations,” Bergman said. “Chris’ expertise and relationships will be key components in extending our reach to retailers who are reconfiguring their lines of business to meet the changing lifestyles of their customers.”
A native of Colorado, McKendry earned a Bachelor of Science degree in construction management/real estate finance from the University of Denver. He is actively involved with the Associated General Contractors. McKendry and his wife of 38 years, Shelley, have two sons, Kent and Kyle. Away from the office he enjoys golfing, fly fishing, and mountain biking.
A native of Illinois, Cruthis attended Ranken Tech College in St. Louis. He is a member of the Institute of Store Planners. He enjoys golfing, skiing, and scuba diving and is the proud owner of an Akita puppy named Stout.
by Peter Madrid | Apr 22, 2018 | News & Updates
REIAC/Rockefeller Group Challenge lets teams compete for bragging rights
PHOENIX, ARIZ. (April 23, 2018) – The 2017 winner was a mixed-use development at Dorsey Lane and Apache Boulevard in Tempe. It featured six separate parcels including a new school for the arts; a retail center at the NWC of Dorsey and Apache; retail/office space at the NEC corner of Dorsey and Apache; and three parcels of vacant City of Tempe land.
This year, the focus is on the Thunderbird School of Global Management campus in Glendale, Arizona. Now that Arizona State University is moving the school to downtown Phoenix, what will become of the 100-plus acre campus after it moves?
How will this year’s winning team dazzle the judges with their solutions?
Three teams of graduating students from ASU’s W.P. Carey School of Business, Masters of Real Estate Development (MRED) program will compete for cash prizes of $1,000 per team member at the 5th annual REIAC/Rockefeller Group Challenge May 8 at Arizona Country Club, 5668 E. Orange Blossom Lane, in Phoenix.
The event is open to the public. Cost is $35 for non-REIAC members and $25 for students. Registration and networking begin at 4 p.m., followed by the program at 4:30 p.m. A networking mixer begins at 5:30 p.m. It includes hosted beverages and appetizers.
Each team is allotted 10 minutes to present a development solution for a storied piece of Arizona commercial real estate, followed by questions from the audience. Audience members will vote to choose the winning team after the presentations, awarding each winning team member a $1,000 check at the Challenge, up to $6,000.
“It is hard to believe this is already our fifth year supporting the annual MRED/REIAC/Rockefeller Group Challenge,” said Mark Singerman, President of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor. “I think that the cash prize is welcomed, but it’s the bragging rights from winning this competition that has changed the dynamics for the entire MRED class.
“From the start of the academic year to their final synthesis project, one of the goals for each team is to be in the top three chosen to present to the REIAC Southwest membership and the public. This is a great way for all the participating teams to field questions and comments from experienced developers and investors. Everyone is a winner in this competition,” Singerman said.
Registration for the REIAC/Rockefeller Group Challenge is required. Register at www.reiacsouthwest.org/event-2807536.
