by Peter Madrid | Nov 13, 2017 | News & Updates
PHOENIX, ARIZONA (Nov. 13, 2017) – The sale of a Phoenix industrial property and two long-term leases at the State Bar of Arizona building highlight transactions closed recently by NAI Horizon professionals.
Sales transactions:
Jeff Adams negotiated the sale of a 21,400 SF industrial property, representing the buyer, Thronson Enterprises, LLC, for $1.772 million. The property is located at 3324 E. Atlanta Ave., Phoenix, AZ. The seller, 213 Leasing, LLC, represented itself.
Tom Bean, CCIM and Stan Matzinger negotiated the sale of a 7207 SF office property, representing the seller, Cedar Group, LLC, for $775,000. The property is located at 1310 N. 24th St., Phoenix, AZ. Kyle Seeger with JLL represented the buyer, TNR Realty, LLC.
Sharon Reeves negotiated the sale of a 3,200 SF retail property, representing the seller, GPVG, Inc., for $540,000. The property is located at 10820 N. 71st Pl., Scottsdale, AZ. Mark Phillips with Newmark Grubb Levy Strange Beffort represented the buyer, Karen Thompson Designs, LLC.
Tom Bean, CCIM and Stan Matzinger negotiated the sale of a 2,956 SF office property, representing the seller, Durkees and Company, LLC, for $457,000. The property is located at 1125 Grand Ave., Phoenix, AZ. Wendy Mattern with Keller Williams Commercial, KWRP represented the buyer, Thomas R. Pomeroy and Maria Pomeroy.
Tyler Smith, Troy Giammarco negotiated the sale of a 4,238 SF office property, representing the seller, BHH V, LLC, for $400,000. The property is located at 8801 W. Union Hills Dr., Peoria, AZ. Monica Kane with United Real Estate Success represented the buyer, Byron D. and Yvonne J. Short.
Sharon Reeves negotiated the sale of a 1,527 SF office property, representing the seller, Perna Properties, LLC, for $300,000. The property is located at 8151 E. Indian Bend Rd., Scottsdale, AZ.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, PF South Mountain, LLC and the landlord, Vahik Sahakian & Sons, LLC, in a 240-month retail lease for 20,350 SF at 2456 E. Baseline Rd., Phoenix, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEG-FIT Bell & Reems Rd, LLC in a 120-month retail lease for 27,059 SF at 15569 West Bell Rd., Surprise, AZ. Brian Gast with Velocity Retail Group represented the landlord, 15601 Bell Road, LLC.
Laurel Lewis and Tom Bean, CCIM represented the landlord, State Bar of Arizona and the tenant, Arizona Foundation for Legal Services and Education in a 10-year office lease for 4,962 SF at 4201 N. 24th St., Phoenix, AZ.
Tyler Smith represented the landlord, Pacifica Palm Valley Center, L.P. in a 64-month office lease for 3,879 SF at 1626 N. Litchfield Rd., Goodyear, AZ. Tim Whittemore represented the tenant, First American Title Insurance Company.
Tyler Smith represented the landlord, Sunrise Holdings, LLC in a 64-month office lease for 4,000 SF at 14823 W. Bell Rd., Surprise, AZ. Mark Anderson with My Home Group Real Estate, LLC represented the tenant, Driggs Title Agency.
Laurel Lewis and Tom Bean, CCIM represented the landlord, State Bar of Arizona, in a 63-month office lease for 2,878 SF at 4201 N. 24th St., Phoenix, AZ. Jack Stone with JMS Commercial Real Estate Services represented the tenant, Weight Watchers of Arizona, Inc.
Matt Harper represented the tenant, SRX, LLC in a 75-month retail lease for 2,492 SF at 9380 W. Westgate Blvd., Glendale, AZ. Jeff Teetsel with Development Manager represented the landlord, The New Westgate, LLC.
Tom Bean, CCIM represented the tenant, LyfeBeast in a 38-month office lease for 3,200 SF at 7400 E. McCormick Parkway, Scottsdale, AZ. Jonathan Leaman with The Mitchell Group/My Home Group represented the landlord, H&S International.
Tyler Smith represented the tenant, Ottawa University and the landlord, Sunrise Holdings, LLC, in a 62-month office lease for 3,687 SF at 14823 W. Bell Rd.
Laurel Lewis represented the tenant, Horizon Home Health Care, in a 40-month office lease renewal for 2,633 SF at 7500 N. Dreamy Draw Dr., Phoenix, AZ.
Tyler Smith represented the landlord, WAM Surprise Limited Partnership, in a 63-month office lease for 1,600 SF at 12691 W. Smokey Dr., Surprise, AZ. Aaron Kuhl with Medical Office Brokers represented the tenant, Rise Orthopedic and Sports Physical Therapy, LLC.
Matt Harper represented the tenant, Bill’s Custom Frames, LLC, in a 63-month industrial lease for 1,650 SF at 1711 W. University Dr., Tempe, AZ. St John/Scott/Moroney with Cushman & Wakefield represented the landlord, Gateway PBP UNI I, LLC.
Rick Foss represented the landlord, Friedman Anthem, LLC in a 38-month industrial lease for 3,400 SF at 42302 N. Vision Way, Phoenix, AZ. Arnold Hickey with Re/Max Professionals represented the tenant, DeZaio Productions, Inc.
Laurel Lewis represented the landlord, Damfro, LLC in a 12-month office lease for 2,733 SF at 840 E. McKellips, Mesa, AZ. Luke Walker with CBRE represented the tenant, B + T Group.
Matt Harper represented the tenant, Right Ride, LLC in a 36-month office lease for 1,123 SF at 4480 W. Peoria Ave., Glendale, AZ. Greg Marek with Cobe Real Estate represented the landlord, Guglielmo Family Limited Partnership.
Matt Harper represented the landlord, Robert and Arlene Thatcher, in a 13-month retail lease for 1,550 SF at 4740 W. Glendale Ave., Glendale, AZ.
Matt Harper represented the landlord, Puchhi, Inc. in an 11-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ
by Peter Madrid | Nov 9, 2017 | News & Updates
PHOENIX, ARIZONA (November 9, 2017) – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $2.05 million sale of Budget Storage and U-Haul in Hutchinson, Kansas.
Nunez and Wessel represented the seller, Budget Storage Development, LLC, of Wichita, Kansas. Jerome Castillo of Titan Realty, represented the buyer, WC Capital, LLC, also of Wichita.
“Mr. Wessel and I had previously represented the seller,” Nunez said. “The off-market sale represented an opportunity for the seller to exit an asset that was not strategic with his other real estate holdings and allowed him to 1031 Exchange into a more advantageous deal.
“The seller was very pleased with the ease of the deal and the pricing which was achieved,” Nunez said.
Budget Storage sits on three acres at 2511 17th Ave., in Hutchinson. It is the largest self-storage property in Hutchinson, Kansas, and comprises 53,700 square feet with more than 320 units. It is located between the Hutchinson Municipal Airport and the Hutchinson Regional Medical Center.
Nunez specializes in self storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the United States.
by Peter Madrid | Nov 7, 2017 | News & Updates
Phoenix, Ariz. (November 7, 2017) — The Arizona chapter of NAIOP, a prominent commercial real estate voice in the state, has named Suzanne Kinney as its new president.
Kinney joins NAIOP Arizona after a stint as interim manager for the Arizona Mining Association where she managed operations and activities of the statewide trade association for the mining industry. Prior to that, she was CEO and founder of Southwest Business Policy, a public policy and communications consulting firm, and served for eight years in senior leadership positions with the Arizona Chamber of Commerce and Industry.
Kinney brings extensive experience in public policy, advocacy and communications to her new role with NAIOP Arizona. Areas of public policy expertise include economic development, international trade, health care, education and natural resources.
“I’m honored and humbled to be leading an association of such prominence in our state,” Kinney said. “I look forward to working alongside some of the most influential leaders within the commercial real estate industry and continuing to advance the initiatives of the organization.”
From 2005 to 2013 Kinney helped lead the Arizona Chamber of Commerce and Industry through her roles as both Senior Vice President of Public Policy and Founder/Executive Director of the Arizona Chamber Foundation.
“We couldn’t be more excited to have someone of Suzanne’s caliber coming on board to lead our organization,” said NAIOP Arizona Chairman Larry Pobuda of The Opus Group. “Suzanne’s depth of experience and visionary thought leadership will serve our membership well.”
In 2002 Kinney served as a senior management research analyst at the Morrison Institute for Public Policy at Arizona State University. Prior to moving to Arizona, she was an associate at a management consulting firm in Chicago.
A native of Little Rock, Arkansas, Kinney earned a Bachelor of Arts degree in political economy (major) and Spanish (minor) from Tulane University in New Orleans. She also earned a Master of Arts degree in international relations with emphasis on international trade policy from the University of Chicago.
Kinney was named to the Phoenix Business Journal’s 40 Under 40 class of 2009. She has served on the board of directors for several Arizona-based non-profits, including the Institute for Mental Health Research, the Arizona Business and Education Coalition, and the World Affairs Council/Global Ties Arizona.
Kinney has also served on advisory committees for Expect More Arizona, the Flinn Foundation’s Arizona Bioscience Roadmap, and the Arizona Technology Council.
by Peter Madrid | Nov 7, 2017 | News & Updates
PHOENIX, ARIZONA (November 7, 2017) – NAI Horizon negotiated the $3.1 million sale of building in Phoenix that will serve as the new offices, adoption center, and no-kill shelter for the Phoenix Animal Care Coalition (PCAA911).
The NAI retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the buyer, the Virginia B. Jontes Foundation of Phoenix.
“It was a privilege working with an organization that is doing great things for animals in need of care and getting them adopted,” Gerow said. “I can’t say enough about the organization and people involved.”
PACC911’s new Village Animal Center, located at 600 N. 40th St., in Phoenix, will also offer affordable veterinary services. The property sits on 5.16 acres of land.
PACC911 brings together more than 100 animal welfare organizations throughout Arizona to create a potent animal rescue community that works together under a unified umbrella.
The seller, RS Tree 40, LLC, of Mesa, Arizona, was represented by Rick Breuer of Presidio Southwest, LLC.
by Peter Madrid | Nov 6, 2017 | News & Updates
PHOENIX, ARIZ. (November 6, 2017) – Technology is having an ever-increasing impact on the real estate and facility management professions. Tools can significantly help deliver efficiencies and cost savings and are creating new ways of conducting business.
CoreNet Global Arizona and IFMA Greater Phoenix are joining forces at a forum which will provide perspectives on technology, discuss the impact of the Internet of Things (IoT), and discuss best practices in implementing technology.
The event is scheduled for Thursday, November 16, at Wells Fargo Bank, 2800 S. Price Rd., Chandler, Arizona. Registration begins at 7 a.m. The event wraps up at 12:30 p.m.
Panelists are from some of the largest employers in Metro Phoenix as well as special guests representing large global firms and technology specialists. They include Ed Buckley, Shared Services, CRE, Facilities and Operations Leader, Ericcson; Calvin Crowder, Vice President of Global Real Estate, GoDaddy; Dhaval Gajjar, Construction Manager, Harkins Theatres; Kim Castle, Assistant VP, MetLife; Leo Bauman, VP and Manager, Wells Fargo; Marcie Rhodd, Western Region Facilities Engineering Manager, Fiserv, Inc., Brent Fuller, Director of Real Estate and Facilities at Apollo Education Group; Philip Grossberg, VP, Global Real Estate and FM; and Guy Messick, Director, Design Intelligence, IA Interior Architects.
“The CoreNet Global Arizona Chapter is excited to be partnering with IFMA Phoenix to deliver exceptional content to our combined membership,” said Simon Davis, President of CoreNet Global Arizona and Sales Director at Saltmine. “The power of the two associations to attract an exceptional quality of speakers and industry experts will provide for a highly educational half day of content.
“Technology is a core driver for both the real estate and facilities management professions. We see a need to deliver exceptional systems to support our building occupiers as well as the adoption of technology that can help enable strategic corporate objectives, whether they be cost savings, employee attraction, and retention, or improved productivity and collaboration. We are excited that we have expert views from thought leaders including what will be a powerful keynote on ‘Smart Cities, Wellness and The Future of Work,’” Davis said.
In addition, the event will feature local and national corporations; service providers including Cushman & Wakefield and IA; tech innovators such as Serraview and Draw Alert; and education and government representatives from the University of Arizona and the City of Scottsdale.
Registration fee is $70 for the entire program. Click here to register.
by Peter Madrid | Oct 30, 2017 | News & Updates
REIAC Southwest brings nationally recognized economist to Phoenix Nov. 15
PHOENIX, Ariz. (October 30, 2017) – How will Phoenix fare in the next downturn? Can values sustain as interest rates rise? Has national politics undermined growth? Will online sales wipe out bricks and mortar?
These and other questions will be discussed on Nov. 15 as the Southwest Chapter of REIAC presents “When
Dr. Peter Linneman
will the good times end?” – an afternoon with Dr. Peter Linneman at the Arizona Country Club, 5668 E. Orange Blossom Lane in Phoenix.
“Metro Phoenix is highly sensitive to growth in the U.S. economy.” Dr. Linneman said.
“This fact is often overlooked. The area has great long-term growth fundamentals and the rise of Arizona State University will serve the MSA for many decades.”
Registration begins at 3:30 p.m. Dr. Linneman’s presentation begins at 4 p.m. Gary Linhart of ViaWest Group will interview Dr. Linneman beginning at 5 p.m. The afternoon concludes with a networking reception at 5:30 p.m.
For more than three decades, Dr. Linneman has been a critical influence in driving the professionalization of real estate capital markets and the commercial real estate industry. He is the author of the “Linneman Letter,” a highly-regarded quarterly publication for commercial real estate investors first published in 2001.
The founding chairman of the Wharton Real Estate Department, Dr. Linneman taught real estate and finance at the Wharton School of Business for more than three decades. The “Linneman Letter” is an extension of his lectures and teaching style.
This event is open to the public. Registration fee is $125. Register at www.reiacsouthwest.org/event-2572683.
by Peter Madrid | Oct 30, 2017 | News & Updates
GILBERT, ARIZONA (October 30, 2017) – Earthworks Environmental LLC continues its growth in Arizona with the hiring of Compliance Manager Jamie Zanazzo, Principal Cherie Koester announced.
Zanazzo will be responsible for storm water pollution prevention (SWPP), dust inspections, and rain event inspections. Her duties will also include updating site maps, electronic rain logs, and site rain logs. She will represent clients at regulatory inspections.
Zanazzo joins Earthworks Environmental from the Town of Gilbert, where she served as Environmental Compliance Inspector for almost two years. She was responsible for program development and continued education and enforcement of local, county, state, and national regulations for storm water, air quality, and permitting within Gilbert.
“Jamie is the ideal addition to Earthworks,” Koester said. “She is experienced in regulatory and industry matters. I’m excited to see where she leads the East Valley in her consulting.”
Zanazzo was raised in Alaska. She graduated from the University of Oregon with a Bachelor of Science in biology. After college, she worked for the Alaska Department of Fish and Game. She was also a bear-viewing and fishing guide for Redoubt Bay Lodge. Zanazzo and her husband, Matthew, are expecting their first child in February.
Last November, Earthworks Environmental opened an office in the Orlando/Tampa/Jackson, Fla., area. Lead Compliance Manager Mark Hubbard operates the Florida office. The Gilbert, Arizona-based firm also has offices in Texas and Illinois.
Earthworks Environmental services include storm water pollution prevention, dust control, and construction safety compliances. The firm primarily serves land developers, vertical developers, commercial construction, and land holding companies.
by Peter Madrid | Oct 23, 2017 | News & Updates
PHOENIX, ARIZONA (October 23, 2017): NAI Horizon negotiated a long-term lease for Planet Fitness at 15569 W. Bell Rd., in Surprise, Arizona. Prior to this deal, NAI Horizon has recently negotiated long-term leases totaling more than $15 million for Planet Fitness locations in Tempe, Phoenix, Goodyear, and Peoria.
The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the tenant, Planet Fitness, in the Surprise transaction totaling $2.8 million.
“This transaction has been two years in the making as the property has gone through receivership and multiple owners,” Tworek said. “Planet Fitness has analyzed the demographic profile of Surprise and is excited to expand into that market and capitalize on a good piece of real estate.”
The new Surprise Planet Fitness location will take up 27,059 square feet at the intersection of Bell and Reems roads.
The landlord, 15601 Bell Road, LLC, of Scottsdale, Arizona, was represented by Brian Gast of Velocity Retail Group.
by Peter Madrid | Oct 18, 2017 | News & Updates
(PHOENIX, ARIZ., Oct. 18, 2017) – More than 60 artists and vendors will display their talents and wares on Saturday, Nov. 4, at the Sunnyslope Art Walk.
The event, sponsored by the Sunnyslope Village Alliance (SVA), runs from 11 a.m. to 4 p.m. at Sunnyslope High School, 35 W. Dunlap Ave., in Phoenix. Admission is free.
Parking will be available at the Sunnyslope High east and swimming pool lots. Organizers are asking for a $3 parking donation with proceeds benefitting the Viking Town Diversity Club.
“The Sunnyslope Village Alliance is pleased to bring the Art Walk back. The excitement from the community has really been inspiring,” said SVA President Larry Macias, owner of Thirteenorth Grille. “We look forward to this Art Walk and many more.”
Those attending the event may register for gift certificates from local businesses.
Artists interested in a booth can visit sunnyslopeartwalk.com/artist-application/ or call 602-478-8276 or email sunnyslopeartwalk@gmail.com. For more information on the Art Walk visit sunnyslopeartwalk.com.
by Peter Madrid | Oct 17, 2017 | News & Updates
PHOENIX, ARIZONA (October 17, 2017) – NAI Horizon Senior Vice President Laurel Lewis and Vice President Tom Bean, CCIM, negotiated two long-term office leases totaling $1.29 million on behalf of the landlord, the State Bar of Arizona, at 4201 N. 24th St., in Phoenix.
NAI Horizon negotiated a long-term lease worth $955,185 for Arizona Foundation for Legal Services and Education. It will lease 4,962 square feet. The nonprofit foundation prepares Arizona youth for civic responsibility and provides access to justice for Arizonans most in need.
NAI Horizon also negotiated a long-term lease worth $337,445 for Weight Watchers of Arizona, Inc. It will occupy 2,878 SF.
“The tenants that choose to locate at 4201 N. 24th St. enjoy the value that the State Bar of Arizona adds through enhanced security and a high level of attention to property maintenance,” Lewis said. “It also provides an attractive and up-to-date building on all levels as well as close proximity to the attractive and amenity-rich Camelback Corridor.”
Built in 1985, the building totals 68,710 SF. Other tenants include Tyler Allen Law Firm and Total Networks.
“The State Bar provides stable ownership and is a wonderfully responsive landlord,” Bean said. “We will have our last available space coming to market and ready for occupancy in Q1 2018.”
Weight Watchers was represented by Jack Stone of JMS Commercial Real Estate Services.
