by Peter Madrid | Jul 24, 2018 | News & Updates
PHOENIX, ARIZONA (July 24, 2018) – The long-term lease of a former movie theater converted to Class A office space in Mesa, Arizona, and the $1 million sale of an office building in Goodyear, Arizona, highlight recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Tyler Smith negotiated the sale of a 4,011 SF office property, representing the seller, CAZ Investments, LLC, for $1 million. The property is located at 14445 W. McDowell Rd., Goodyear, AZ. Bob Broyles with Colliers International represented the buyer, Tennefos Property, LLP.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of a 1.16-acre property, representing the seller, The Market at Estrella Falls, LLC, for $950,000. The property is located at 1600 N. Pebble Creek Parkway, Goodyear, AZ.
Matt Harper negotiated the sale of a 2,400 SF property, representing the seller, Atlas Commercial, LLC, for $895,000. The property is located at 106 N. Tonto St., Payson, AZ. Michelle Hagan with West USA Realty represented the buyer, Robert Santoro.
Jeff Adams negotiated the sale of a 5,000 SF property, representing the buyer, Onsite Commercial Services, LLC, for $280,000. The property is located at 169 and 237 E. Broadway Rd., Mesa, AZ. Rex Griswold and Andy Jaffe with J&J Commercial Properties represented the seller, Gloria V. Sano.
Lease Transactions:
Laurel Lewis, Barbara Lloyd and Lane Neville represented the landlord, Old Town Val Vista, LLC, in a long-term office lease for 59,418 SF at 3707 E. Southern Avenue, Mesa, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Pei Wei Asian Diner, LLC, in a 120-month retail lease for 2,500 SF. Zach Pace with Phoenix Commercial Advisors represented the landlord, Queen Creek AZ, LLC.
Isy Sonabend represented the tenant, Elliott Electric Supply, in an 89-month industrial lease for 19,000 SF at 2250 W. Broadway Rd., Mesa, AZ. Mike Haenel with Cushman & Wakefield represented the landlord, Western B West AZ, LLC.
Tyler Smith represented the tenant, Magnus Title Agency, LLC, in a 63-month office lease for 2,918 SF at 6991 E. Camelback Square, Scottsdale, AZ. Colton Trauter with Lee & Associates represented the landlord, Velocis Camelback, LP.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in an 86-month retail lease with The Grid Cyber Lounge, for 3,600 SF at 4913 W. Bell Rd., Phoenix, AZ.
Jeff Adams represented the tenant, Nutraceutical Produce, LLC, in a long-term industrial lease for 5,000 SF at 2235 W. First St., Tempe, AZ. Franklin Connell with Cutler Commercial represented the landlord, A & S Mini Warehouse.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, RJS 45th Place, LLC, in a 64-month lease with Jimmie and Joe’s Pizza, for 1,300 SF at 4550 E. Bell Rd., Phoenix, AZ.
Matt Harper represented the landlord, Yee Legacy II, LLC, in a 63-month retail lease for 1,610 SF at 18914 E. San Tan Blvd., Queen Creek, AZ.
Matt Harper represented the landlord, Elmo Tari Trust, in a 25-month retail lease for 1,400 SF at 12235 N. Cave Creek Road, Phoenix, AZ. David Aronson with Berkshire Hathaway represented the tenant, PHX Animal Behaviour Center, LLC.
Matt Harper represented the landlord, M&N Realty, LLC, in a 63-month retail lease for 1,227 SF at 12020 S. Warner Elliot Loop, Phoenix, AZ.
Matt Harper represented the landlord, Kayrich Associates, in a 38-month retail lease for 3,633 SF at 6445 N. 51st Ave., Glendale, AZ.
by Peter Madrid | Jul 18, 2018 | News & Updates
PHOENIX, ARIZONA (July 18, 2018) – The Hampton Inn & Suites by Hilton, the newest hotel in the heart of downtown Phoenix, recently celebrated its grand opening and held an official ribbon-cutting event.
Key representatives from Apple Hospitality REIT, Inc., North Central Group, Visit Phoenix and Mortenson each made remarks at the July 9 event. In addition, NCG hosted a raffle with proceeds benefitting UMOM New Day Centers, a non-profit organization based in Phoenix that supports struggling families across the Valley.
The interior of Hampton Inn & Suites in downtown Phoenix.
Among others recognized at the grand opening were PK Architects for its design of the hotel, as well as Design Force for its interior design efforts in creating a hotel experience that is uniquely Arizonan.
“We couldn’t be happier with the outcome of the Hampton Inn & Suites Phoenix Downtown. From the relationships we have built with Apple Hospitality REIT, NCG, and the City of Phoenix, to collaborating with the entire design and construction team, it was a great project to be a part of,” said George Forristall, Director of Real Estate Development at Mortenson.
“Throughout the process, the City of Phoenix was very accommodating to make this project a reality and we appreciate their contribution to support the growth in downtown Phoenix,” Forristall said.
The new Hampton Inn & Suites by Hilton Phoenix Downtown, 77 E. Polk St., provides guests with a modern, yet comfortable experience. The 11-story, 210-key limited-service hotel features a bar and lounge, business center, meeting spaces, fitness center, and food service.
Officially beginning operations in early May, the hotel opened its doors to guests one week ahead of schedule.
Mortenson, the developer and general contractor, sold the new property to a subsidiary of Apple Hospitality REIT, Inc. in May for $44 million. The hotel is managed by North Central Group, a leading hotel management company.
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 by Hilton Phoenix Downtown is adjacent to the Arizona State University Downtown Campus and is within walking distance of the Phoenix Convention Center.
The Hampton Inn & Suites by Hilton, the newest hotel in downtown Phoenix, had its official ribbon-cutting event on July 9.
by Peter Madrid | Jul 16, 2018 | News & Updates
PHOENIX, ARIZONA (July 16, 2018) – MEB Management Services, a provider of comprehensive multifamily management services throughout the Southwest has promoted two managers to senior vice president of operations, promoted a manager to assistant asset director and opened an office in Salt Lake City, Utah.
Luz Bruscini
Luz Bruscini, CPM, ARM, and Dalia Bureker, CPM, were promoted to senior vice presidents of operations in Tucson and Phoenix, respectively.
In addition, MEB is establishing a presence in Salt Lake City, naming Mike Kienast a vice president in the Utah office. Denise Trentacosta, ARM, a long-time MEB manager, was promoted to assistant asset director in Tucson.
“Growth for any company is not by chance; it’s the result of continuous focus on our goals, the discipline to do what needs to be done daily, and the fortitude to master change,” said MEB Principal Libby Ekre. “MEB has the talent to keep us moving forward and we are proud to promote Dalia, Luz, Mike, and Denise.”
Bruscini, who has been with MEB since 2006, was named Senior VP of Operations in the Tucson office and will be responsible for managing all asset classes including student housing and value-add properties. She was overseeing MEB operations in New Mexico and assisting with Tucson operations.
Bruscini holds an Arizona broker’s license and is a Certified Property Manager through the Institute of Real Estate Management (IREM). Bruscini completed the Arizona Lyceum Leadership course through the Arizona Multi-housing Association (AMA).
She has served on numerous AMA committees, has served as the IREM Tucson-Southern Arizona Chapter president and currently serves on the board. Bruscini is active in the Tucson community and supports Our Family Services and the town of Kino, Mexico.
Bureker, who has been with MEB for 9 years, was named Senior Vice President of Operations for the Phoenix office. She previously served as VP of Operations. She will oversee vice president, asset director, and department head guidance and oversight. She will also be responsible for planning and implementation of initiatives and strategic goals for the company.
A native of Tel Aviv, Israel, Bureker is involved with industry groups IREM, AMA, and the National Association of Realtors. Her philanthropic endeavors include volunteering with EOD Warrior Foundation, Navy EOD Association, and National EOD Association.
Kienast possesses 25 years of multi-family experience in the Metro Phoenix and Tucson markets for both fee managers and REITs. He has served as VP of Operations for MEB offices in Phoenix, Tucson, and Utah.
A native of Aspen, Colorado, Kienast earned a Bachelor of Science in aeronautical studies at Embry Riddle Aeronautical University in Prescott. Kienast also holds a real estate brokers license.
Trentacosta, a CPM candidate, has been with MEB for 8 years. She was promoted from senior community manager in the Tucson office. Her new responsibility will be to assist in the daily oversight or five multi-family assets with a total of 1,254 apartment homes.
A native of Arlington, Texas, Trentacosta is involved with IREM, AMA, and Big Hearts, a non-profit group in Tucson.
Denise Trentacosta
Mike Kienast
by Peter Madrid | Jul 11, 2018 | News & Updates
PHOENIX, ARIZ. (July 11, 2018) – Fidelity National Title Agency is proud to announce that Erika Elshamy will join its residential sales team as a sales executive at the Litchfield Escrow Branch in Goodyear.
Elshamy, who possesses more than 20 years in real estate, has extensive experience in title/escrow and underwriting as it relates to the home buying and selling process. She joins escrow officers and support staff in assisting the firm’s West Valley real estate professionals at 2440 N. Litchfield Rd.
She joins Fidelity National Title from HMS Home Warranty, where she served an account executive. Her most recent work experience required her to identify new prospects, implement sales plans, and strategically carry out activities that build rapport to create and maintain lasting relationships.
“Erika is a breath of fresh air; her enthusiasm and get-it-done attitude will be an amazing asset to her clients,” said Fidelity National Vice President and Residential Sales Manager Sharon Terhune. “She’s a strategic thinker and always has her clients’ best interests at heart. I’m very excited to have her join the Fidelity team.”
A native of Long Beach, California, Elshamy earned a Bachelor of Science degree in business management from the University of Phoenix.
Elshamy volunteers at Feed My Starving Children and participates in activities that benefit the Make-A-Wish Foundation, St. Jude’s Children’s Research Hospital, and The Pat Tillman Foundation.
Elshamy and her husband have been married for 17 years and have three children. In her free time, she enjoys working out, reading, and spending time with her family.
by Peter Madrid | Jul 5, 2018 | News & Updates
PHOENIX, ARIZONA (July 5, 2018) – NexMetro Communities partnered with MEB Management Services in 2014 to manage the lease-up and stabilized operations of their Avilla Homes Arizona portfolio. NexMetro recently sold three Arizona communities for $98 million.
Avilla Grace in Chandler, Arizona, a 194-home neighborhood, sold for $45 million; Avilla Heights, also in
Avilla Palm Valley in Goodyear, Arizona.
Chandler, a 116-home neighborhood, sold for $27.84 million; and Avilla Palm Valley in Goodyear, Arizona, a 125-home neighborhood, sold for $25.1 million.
“We are thrilled to be a part of NexMetro’s success with the innovative approach to rental housing,” said Melanie Morrison, Principal at MEB Management Services.
Transaction details:
>> Avilla Palm Valley: 4200 N. Falcon Dr., Goodyear; closed June 13; 125 homes, $200,800/door; buyer, New York-based RN Falcon, LLC.
>> Avilla Heights: 255 E. Chandler Heights Rd., Chandler; closed June 25; 116 homes; $240,000/door; buyer, single purpose entity formed by California-based The Certe Group.
>> Avilla Grace: 2121 N. Grace Blvd., Chandler; closed June 28; 194 homes, $232,000/door; buyer, entity of Illinois-based The Inland Real Estate Group of Companies, Inc.
NexMetro and its affiliated companies have been developing Avilla Homes neighborhoods with great success since 2010. These specialized Class A homes incorporate the perfect blend of a single-family feel with multi-family functionality.
With more than 4,000 homes completed, under construction, or in due diligence, NexMetro’s roots are in Arizona but the company is growing quickly with expansion planned along the entire Sunbelt region of the U.S.
by Peter Madrid | Jul 2, 2018 | News & Updates
PHOENIX, ARIZONA (July 2, 2018) – The $6.95 million sale of a tractor-trailer repair and maintenance facility in Phoenix and the $1.594 million sale of an industrial building in Chandler, Arizona, highlight recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Isy Sonabend negotiated the sale of a 50,000 SF industrial property, representing the seller, Wabash National Trailer Centers Inc., for $6.95 million. The property is located at 2830 S. 51st Ave., in Phoenix, AZ.
Mark Wilcke negotiated the sale of an 11,187 SF industrial property, representing the seller, John L. Smith, Trustee of John L. Smith Trust Created March 10, 2016, for $1.594 million. The property is located at 2120 S. Douglas Dr., Chandler, AZ. Chris McClurg with Lee & Associates represented the buyer, Tradition Asset Management, LLC.
Lease Transactions:
Tyler Smith represented the landlord, Pacifica Palm Valley Center, L.P., in a 63-month lease for 2,123 SF at 1626 N. Litchfield Rd., Goodyear, AZ. Mike Hirth with Keyser represented the tenant, Mellon & Sons.
Tyler Smith, Troy Giammarco and Joe Pequeno represented the landlord, Sun Grove Medical, LLC, in a 90-month medical office lease for 2,132 SF at 20470 N. Lake Pleasant Rd., Peoria, AZ. Laurie Sandau with Avison Young represented the tenant, Joseph R. Cohen, DDS.
Tyler Smith, Troy Giammarco and Joe Pequeno represented the tenant, A.Z. & Associates, LLC, in a 63-month office lease for 3,009 SF at 10320 W. McDowell Rd., Avondale, AZ. Bobbie Mastracci with Phoenix West Commercial represented the landlord, Granco Gateway, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 60-month retail lease for 1,560 SF with Doughlicious Desserts at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ.
Barbara Lloyd and Tom Bean, CCIM, represented the landlord, Tempe CC, LLC, in a 36-month office lease for 813 SF at 4515 S. McClintock Rd., Tempe, AZ. Langdon Bridges with Commercial Properties Inc. represented the tenant, CK Financial Services, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Sweetest Season, LLC, in a 60-month retail lease for 1,800 SF at 1835 E. Guadalupe, Tempe, AZ.
Mark Wilcke represented the landlord, ICC Tempe, LLC, in a 25-month industrial lease for 14,883 SF at 2507 W. Erie Dr., Tempe, AZ. Drew Stone with Keyser represented the tenant, Video West, Inc.
Tyler Smith represented the tenant, Landmark Title Assurance Agency of Arizona, LLC, in a 63-month lease for 1,800 SF at 3303 E. Baseline Rd., Mesa, AZ. Matt Zaccardi with Commercial Properties, Inc. represented the landlord, SBBC Investments, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, LNR Partners, LLC, in a 60-month retail lease renewal for 1,200 SF with Check Into Cash at 21101 N. John Wayne Parkway, Maricopa, AZ.
Matt Harper represented the landlord, Puchhi, Inc., in a 60-month retail lease renewal for 2,480 SF at 9501 W. Peoria Ave., Peoria, AZ.
Tyler Smith, Troy Giammarco and Joe Pequeno represented both the landlord, Sun Grove Medical, LLC, and the tenant, Simple Direct Health, PLLC, in a 62-month medical office lease for 1,363 SF at 20470 N. Lake Pleasant Rd., Peoria, AZ.
Stan Matzinger and Tom Bean, CCIM, represented both the landlord, 10240 Bell Road Associates, LLC, and the tenant, Dr. Greg McWhorter, in a 64-month office lease for 1,275 SF at 10240 W. Bell Rd., Sun City, AZ.
Isy Sonabend represented both the landlord, D&D Global, and the tenant, SBS America, LLC, in a 13-month industrial sublease for 14,585 SF at 54 N. 45th Ave., Phoenix, AZ.
by Peter Madrid | Jun 28, 2018 | News & Updates
PHOENIX, ARIZONA (June 28, 2018) – Mentoring, education, and philanthropy are the hallmarks of the BOMA Greater Phoenix Young Professionals Group as it prepares for its next event on July 12.
The YPG committee is a group of 32 young professionals dedicated to bringing mentorship, education, and philanthropic opportunities to real estate professionals in Metro Phoenix. This is achieved through various events held throughout the year to impact the community.
The committee is led by Chairman Daniel Mazzon of Allied Universal Janitorial Services and Co-chair Jessica Allen of Lincoln Property Company. The pair created the “3M Program – Monthly Mentor Meetings.” Its goal is to give young professionals the opportunity to meet with seasoned commercial industry professionals to impact their careers in a positive manner.
BOMA Greater Phoenix is an industry group that advances the commercial real estate industry through advocacy, influence, and knowledge.
“When starting out in the commercial real estate industry, it is essential to become connected in the community to which you cater,” Mazzon said. “By creating the BOMA 3M Program, it gives young professionals the opportunity to become connected and educated in the early stages of their career.”
The next event is July 12 and will feature John Orsak, Director of Real Estate for Lincoln Property Company. His topic will be “How to bring value to your property.”
Besides the mentoring program, the group has had a busy 2018 with education programs, philanthropic events, and networking. They include:
- Guest speaker Tawnya Pierce of CBRE spoke about goal setting in the workplace. Following the discussion, YPG members took a tour of Lincoln Property Company’s new Class A office complex The Grand.
- Guest speaker Marty Brook, Vice President of Metro Commercial Properties, discussed BOMA’s annual awards event, the TOBYs. Brook shared information on gathering information to prepare for the 2018 awards.
- Led by Kate Bryce of Wentworth Property Company, the YPG committee helped fill more than 20 boxes for Operation Gratitude, a charity that supplies socks, cards, electronics, chewing gum, batteries, and personal care products for U.S. servicemen and women.
“What gives these troops the courage and strength when they’re in harm’s way is the belief that somebody cares about them and wants them to come home,” Allen said. “I think it’s crucial that every person serving our country overseas knows that somebody at home cares about them.
“It’s an honor for YPG to be able to give back to these amazing troops. The boxes BOMA collected sent a very strong message that are numerous individuals in the various sectors of our industry that appreciate what these men and women do,” Allen said.
YPG’s next networking event is the 2018 BOMA Night Golf – The Haunted Carnival – on Friday, Sept. 21.
YPG committee members pose for a photo before their tour of The Grand in Tempe.
by Peter Madrid | Jun 28, 2018 | News & Updates
PHOENIX, ARIZ. (June 28, 2018) – A major athletic complex at Ottawa University (OUAZ) is racing towards a 2019 finish date thanks to a team effort between Phoenix-based Cawley Architects, the school, and the City of Surprise.
Cawley Architects is the design firm behind the $23 million, 110,000-square-foot Ottawa University Athletic Facility for Indoor and Outdoor Athletics. The project is at the SWC of Tierra Buena Lane and Civic Center Drive in Surprise. The outdoor center totals 58,000 SF and the indoor center totals 52,000 SF.
A rendering of the press box facility at Ottawa University in Surprise.
“Ottawa University believes that sports programs and related student amenities are very important in influencing parents and students in their choice of post-secondary schools,” said Cawley President Sherman Cawley. “By having the best sports facilities, they are ensured of having rapid enrollment growth.”
The project features two recreational facilities for OUAZ adjacent to the governmental campus of Surprise City Hall. The outdoor venue, named after its donor, is the O’Dell Athletic Complex. It adjoins a recently-completed state-of-the-art, multipurpose sports field for football, soccer, and lacrosse.
The main floor of O’Dell complex will house locker rooms, training rooms, a major weight-training facility, and other supports for OUAZ’s 21 varsity sports programs.
The second floor of the facility will house athletic department offices, student study areas, labs, and classrooms. The third floor of the O’Dell building will feature the field press box and hospitality entertainment areas overlooking the field.
The indoor facility, not yet named, will have a large multi-purpose gymnasium for competitive basketball and volleyball with bleacher seating, two practice courts, a main lobby for tickets and concessions, and a recreational center. The rec center houses a walking track, cardio and weight workout area, and three multi-use studios.
Completion date is 3Q 2019 in time for OUAZ’s fall opening that August.
OUAZ opened its campus in August of 2017 with 434 new pioneer students, nearly twice the original projections.
“We have been very pleased with how the various parties have worked jointly to bring forth the very best cost and design solutions,” said OUAZ Chancellor Kevin C. Eichner.
“The Cawley people have been super responsive and creative and have been terrific listeners. This athletic complex, literally in the heart of Surprise, is at the center of our future growth and should more than meet the expectations of coaches, staff, faculty, students, and our neighbors in the community. We see it as giving us a strategic advantage for years to come.”
Other team members on the project include Haydon Building Corp. (general contractor); Dibble Engineering (civil); Pearson Engineering (electrical); MDI Engineering (mechanical and plumbing); and CTS Engineering (structural).
In addition to its new Surprise residential campus, Ottawa University serves more than 4,000 students through its original, 153-year-old campus in Ottawa, Kansas, and at its adult education sites in Overland Park, Kansas; Milwaukee, Wisconsin; in central Phoenix just off I-17 between Peoria and Dunlap avenues; as well as through its robust online offerings. The university has been serving adult learners in the Phoenix area for 40 years and boasts more than 8,000 alumni in the Valley.
An aerial rendering of the new athletic facilities at Ottawa University in Surprise.
by Peter Madrid | Jun 26, 2018 | News & Updates
PHOENIX, Ariz. (June 26, 2018) – Sharp Construction, a woman-owned and operated general contractor, is experiencing exciting growth as the Valley’s commercial real estate industry continues to flourish.
Sharp Construction was founded in 2017 by CEO | Principal Tiffany Sharp and CFO | Principal Jeff Pinter. After less than six months, with recently added industry expert Stephanie Handley as Vice President | Business Development, Sharp boasts eight employees at its office in the Camelback Corridor.
“Our industry is evolving faster than ever before. As technology continues to advance, the rate of learning has accelerated, which is driving the movement for increased productivity for ourselves and our partners in the construction industry,” Sharp said. “All of which translates into a more successful project for our customers. Given this, Sharp is well positioned to deliver a best-in-class experience utilizing tried and true processes, secure subcontractor selection methods, open-book budget formation, and unrivaled customer service.
“We’ve assembled a highly experienced and motivated team. Our high-end quality, attention to detail, scheduling metrics and management, strict budget adherence, quality control, and safety management is what sets us apart,” Sharp said
Sharp has managed design and construction projects since 2005 and has a true passion for what she does. Her field and operations experience from the custom home business and years spent at Intel have afforded her a deep understanding of aesthetic and functional design, programming, best-in-class practices, trends, safety, building codes, and environmental regulations.
Her duties at Sharp include operations management, project management, estimating, training, culture development, and sales. An Iowa native, Sharp graduated from Arizona State University with Master of Science in construction management.
Pinter’s duties at Sharp include finance, estimating, sales, business development, and human resources. He has extensive construction experience after stints at Perini Building Company, Immedia Integrated Technologies, Adolfson & Peterson, and Fitch Architecture.
A native of Milwaukee, Wisconsin, Pinter earned his undergraduate degree from the University of Wisconsin in education, economics and finance, and an MBA from ASU.
“Even though there are numerous suitable general contractors in the Valley, we believe there is niche we can fulfill in the Arizona market based on our past experiences,” Pinter said. “We know that construction projects are best built when partnerships are formed; between customers and general contractors and between general contractors and subcontractors.
“We began Sharp Construction with the intention to build a company with a great culture where all employees and partners share in our achievements; we do believe that this is our path to success,” Pinter said.
Handley joins Sharp Construction after almost three years at Wespac Construction as its business development director. Her duties at Sharp include developing a brand and marketing strategy for the company while leveraging new and existing relationships with owners, developers, brokers, architects, and consultants to build partnerships for new tenant improvements and ground-up construction projects.
“I was thrilled to be asked to join Sharp and to be on the ground floor of truly building up a company, shaping the culture, and defining the goals,” Handley said. “I love research, meeting new people, and developing new opportunities. I welcome any chance to connect people and companies. At Sharp, I get the chance to develop the brand strategy and define our tactics for getting our name out there. It’s very exciting.”
Handley is involved with numerous industry groups including the Arizona Association for Economic Development, ULI Arizona, and Valley Partnership.
by Peter Madrid | Jun 26, 2018 | News & Updates
PHOENIX, ARIZONA (June 26, 2018) – NAI Horizon represented the seller in the $6.95 million sale of a 50,000-square-foot tractor trailer repair and maintenance building in Phoenix.
NAI Horizon Senior Vice President Isy Sonabend represented Wabash National Trailer Centers, Inc. of Lafayette, Indiana, in the sale of the trucking facility at 2830 S. 51st Ave., to TEC Equipment of Portland, Oregon.
Built in 2000, the property sits on 14.4 acres. The building features 24-foot clearance and 14 drive in/grade level doors. It is 20 minutes from Phoenix Sky Harbor International Airport.
“TEC is a rapidly-growing trucking outfit. The unique features of 2830 South 51st Avenue represented a perfect solution for TEC’s needs,” Sonabend said. “Now it’s a top-notch center for TEC’s expanding business in Phoenix.”
Headquartered in Portland, TEC has 24 locations from Seattle to Southern California, serving customers across Arizona, Washington, Oregon, California, and Nevada. TEC is a full-service truck and trailer dealership.
