by Peter Madrid | Sep 12, 2017 | News & Updates
PHOENIX, ARIZONA (September 12, 2017): NAI Horizon negotiated a long-term lease for Planet Fitness at Canyon Trails Towne Center, 515 S. Cotton Lane in Goodyear, Arizona.
The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega, and Associate Patrick Anthon represented the tenant, PF Goodyear LLC of Sedona, Arizona, in the transaction totaling $1.76 million.
“This location is in one of the fastest growing parts of town, and provides excellent access off the Loop 303,” Gerow said. “It has excellent co-tenancy, and is in the dominant center in Goodyear.”
The new Goodyear Planet Fitness location will take up 17,876 square feet at Canyon Trails Towne Center. Tenants at the retail center include Super Target, Ross, PetSmart, World Market, and Dollar Tree.
The landlord, TPP 211, Canyon Trails LLC of Dallas, Texas, was represented by Cliff Johnston of Cushman & Wakefield.
by Peter Madrid | Sep 12, 2017 | News & Updates
PHOENIX, ARIZ. (September 12, 2017) – The Internet has changed how industry – including the commercial real estate community – conducts business.
In August, CoreNet Global Arizona rolled out a three-part series exploring how a connected world is transforming its interaction with the workforce.
Part II, Office and Smart Buildings, is scheduled for Thursday, September 28, at Phoenix Country Club, 2901 N. 7th St.
Panelists include Stan Gibson, Senior Vice President, Wells Fargo; Jeremy Libby, Senior Manager, Global Real Estate Strategy at American Express; Simon Davis, Vice President, Business Development, Serraview; and Brad Smidt, Senior Vice President, Business Development, GPEC. Moderating the event is Glenn Hodge, Senior Vice President Client Solutions at ISS Facility Services.
The panel will explore a shift as the industry goes from location, location, location to information, information, information: how smart buildings are powering corporate real estate.
The event begins at 11:30 a.m. Registration is $35 for CoreNet Global Arizona members and $70 for non-members. To register go to arizona.corenetglobal.org.
Part III, Cyber Security, is scheduled for Oct. 26
by Peter Madrid | Sep 6, 2017 | News & Updates
PHOENIX, ARIZ. (September 6, 2017) – Registration is now open for the 2018 CoreNet Global Arizona Golf Tournament. The event, in its second year, is scheduled for January 24, 2018, on the Stadium Course at the TPC Scottsdale.
The event begins with registration at 10 a.m., lunch at 11 a.m., and a shotgun start at 12:30 p.m. at the Tournament Players Club, 17020 N. Hayden Rd., Scottsdale. Foursome registration is $2,500 until September 30. It will increase to $3,000 per foursome after that date.
The tourney will be limited to 25 foursomes. Golfers will play on the Stadium Course the last day before it closes for the PGA Tour’s Waste Management Open.
“The CoreNet Global Arizona Golf Tournament provides a unique opportunity for CoreNet members to play the iconic TPC of Scottsdale, in tournament condition, just days before the Waste Management Phoenix Open,” said CoreNet Global Arizona President Simon Davis of Serraview. “One of our mission’s at CoreNet is to provide our members with the ability to network with peers in the corporate real estate industry. This event provides a great way to meet new people, build relationships, and of course play the famous 16th hole.”
Sponsorship opportunities are available. Contact Kirk McClure at Kirka.mcclure@gmail.com. Each foursome will receive lunch, invitation to a reception, gift pack, and fore caddy per group.
To register visit the CoreNet Global Arizona website.
by Peter Madrid | Sep 5, 2017 | News & Updates
PHOENIX, ARIZ. (September 5, 2017) – winslow + partners, a locally-owned firm that offers expertise in architecture, planning, interior design, educational planning, and design thinking, has grown its team with the hiring of three architectural staff members.
Joining winslow + partners are Manisha Dani, Monika Malinowska, and Pablo Mancayo.
- Dani joins the firm as a project manager. She will serve as project manager for mixed-use, multi-story buildings. She possesses a broad experience in healthcare and commercial facility design. Dani holds a Master’s degree in construction science and management from Clemson University and a Bachelor of Architecture degree from Academy of Architecture in Bombay, India. She comes to winslow + partners after 12 years at Orcutt/Winslow and is a member of AIA Arizona.
- Malinowska joins the design team. She has more than six years of diversified architectural planning experience including site planning, building design, and interior design. Malinowska has experience in retail space planning and hospitality design. She earned her Bachelor of Architecture degree from New York Institute of Technology and is a member of AIA Arizona. She previously served as an architectural project manager at a.d.ArizDo.
- Moncayo also joins the design team. A graduate of the Frank Lloyd Wright School of Architecture, Moncayo brings experience in higher education and sports facilities design. He also has experience in graphic design.
Monika Malinowska
Pablo Moncayo
“Architecture is about understanding the social construct of the building you are designing and then creating an environment that supports that construct,” said Paul Winslow, FAIA, Partner Architect. “Function and aesthetic are essential to complete the design, but understanding how users will use a building for social interaction is as critical for its success. Growing our team will allow us to build upon these principles.”
Projects from the winslow + partners studio include Jefferson Academy Master Plan, Phoenix, Ariz.; Street Coffee and Tasty Box, 7th Street, Phoenix, Ariz.; Marana School District Facilities Master Plan, Marana, Ariz.; educational design and learning space environment for Gladden Farms Elementary School; Challenger Center addition, Peoria, Ariz.; Facilitation of the Re-Imagining or Balsz School District, Phoenix, Ariz., Heard Building innovation think tank and remodel; and the urban mixed-use project at Country Club and Main, Mesa, Ariz.
by Peter Madrid | Sep 5, 2017 | News & Updates
PHOENIX, ARIZONA (September 5, 2017) – The NAI Horizon investment sales team of Senior Vice Presidents Lane Neville and Barbara Lloyd represented the seller in $7.1 million disposition sale of Hamstra Square.
The retail-anchored center is located at the NEC of Pecos and McQueen roads in Chandler, Arizona.
NAI Horizon represented Hamstra Square Investors, LLC. The buyer was The Weil Ernst Trust and The Schneider Living Trust. It was represented by Tim Ernst of Terra Marketing.
“Over the past couple of years our owner built value through re-tenanting the anchor space, adding new retail shop tenants, and committing to new capital expenditures for improvements,” Neville said. “Our owner stabilized the net operating income and created additional value with new NOI.”
The 81,148-square-foot retail center is 89 percent occupied. The property was built in 2003. The anchor tenant is KTR Family Action Sports. Other retail tenants include Panda Express, Subway, Buon Padre, Mai Thi Ha, and Academy Day School.
by Peter Madrid | Aug 30, 2017 | News & Updates
PHOENIX, ARIZONA (August 30, 2017) – NAI Horizon is pleased to announce that Kevin Higgins has joined the company as a Vice President in the Office Properties Group.
Higgins’ primary areas of focus will be office leasing and sales. He possesses more than 26 years of commercial real estate experience and has negotiated more than 1,000 lease transactions. Higgins joins NAI Horizon after stints at Daum Commercial Real Estate and Landmark Commercial Real Estate.
“We are very excited to have Kevin join our team,” said Terry Martin-Denning, President and CEO of NAI Horizon. “He brings great relationships, professionalism, and experience to our expanding office division.”
A native of Chicago, Higgins is a graduate of Arizona State University. He earned a Bachelor of Science degree in real estate. He is an avid trail runner and has completed ultra-marathons in Arizona, Colorado, and Utah. He has completed seven, 50-mile trail runs.
by Peter Madrid | Aug 29, 2017 | News & Updates
TUCSON, ARIZONA (August 29, 2017) – FLANDERS, an Indiana-based manufacturer of heavy industry electric motors and generators, is breaking ground on a 6,750-square-foot administrative and warehouse building, adding to its footprint at 5785 S. Belvedere Ave., in Tucson.
David Blanchette, CCIM, of the Tucson office of NAI Horizon, has been retained to provide brokerage services.
FLANDERS currently operates a 10,000 SF repair facility off of Interstate 10. The addition is the second phase of an expansion that will include another 10,000 SF building.
The new building will include 4,500 SF of warehouse space and 2,250 SF of office space that will allow for expansion of shop capabilities in the existing building.
“With this expansion of our Tucson Regional Service Center, we will be able to offer additional repair and service capabilities for our local customer base,” said Josh Jones, Director of the Tucson and Mexico Regional Service Center. “We’re thrilled to be working with the Tucson office of NAI Horizon as we continue to grow.”
Improvements include paving, a concrete slab for the third phase, and the extension of a Southwest Gas line to the property. Estimated construction cost of the building and improvements is $750,000. Completion date is August or September of 2018.
“FLANDERS is a great example of Tucson’s growing Industrial base that services the mining industry,” Blanchette said. “This addition is a win-win for both the tenant and the landlord who believe in FLANDERS’ success and its commitment to Tucson as its Southwestern base.”
Other team members on the project include Greg Carlson Engineering and Jim Watson Architects.
Headquartered in Evansville, Indiana, FLANDERS is a privately owned and operated company specializing in the innovative design, manufacturing, and service of the motors, generators, controls, drives, and automation systems used in heavy industry equipment.
by Peter Madrid | Aug 29, 2017 | News & Updates
PHOENIX, Ariz. (August 29, 2017) – The Wild Horse Pass Development Authority (WHPDA) has named Lisa Gonzales as its Real Estate Leasing Manager.
Gonzales will be responsible for leading WHPDA’s efforts to lease lands within the Wild Horse Pass Development area, which totals more than 3,000 acres. She will advise WHPDA regarding the establishment of competitive target lease rates and leasing strategies based on comparable economic and demographic data.
She will also assist with identification of strategic long-term land-use objectives in order to achieve complementary and cohesive land uses while maximizing lease income. Gonzales will take the lead in representing WHPDA through appropriate local and regional real estate channels and will assist with lease/development proposal analysis and lease negotiations.
Gonzales previously worked as Vice President at NSD Holdings, where she responsible for a two-state, multi-building portfolio of office, industrial, retail, and medical tenants. She managed the day-to-day operations of all assets as well as in-house management and leasing. Prior to that she was with what is now CBRE, working in San Diego and Las Vegas specializing in office leasing and sales.
The Wild Horse Pass Development Area is a +/- 3,300-acre, master-planned commercial development located at I-10 and Wild Horse Pass Boulevard adjacent to Phoenix and owned by the Gila River Indian Community.
Wild Horse Pass includes the Wild Horse Pass Hotel and Casino, the Sheraton Grand Resort, the Whirlwind Golf Club, Rawhide, the Wild Horse Pass Motor Sports Park, and Phoenix Premium Outlets.
by Peter Madrid | Aug 28, 2017 | News & Updates
PHOENIX, ARIZONA (August 28, 2017): NAI Horizon has negotiated long-term leases totaling $8.749 million for Planet Fitness locations in Tempe, Phoenix, and Peoria.
The NAI Retail Properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, JEG-FIT, in the trio of transactions.
The team has negotiated additional long-term leases for other Planet Fitness locations this past year in Phoenix, Surprise, Queen Creek, Gilbert, and Maricopa.
“Planet Fitness has a great business model that caters to a broad range of demographics and with that model in place we were able to solidify a few transactions in areas of the Valley that are underserved,” Tworek said.
The three recent deals:
- At Greenway Park Plaza, 3202 E. Greenway, Rd., Phoenix, 22,888 square feet, $3.776 million;
- At Tempe Village Shopping Center, 1405 W. Southern Ave., Tempe, 22,664 SF, $2.941 million;
- At Fletcher Heights Marketplace, 20713 N. 83rd, Peoria, 22,899 SF, $2.031 million.
Planet Fitness continues to actively look for additional sites in Metro Phoenix.
by Peter Madrid | Aug 23, 2017 | News & Updates
PHOENIX, ARIZONA (August 23, 2017) – Recent transactions closed by NAI Horizon professionals in the Phoenix office.
Sale Transactions:
Barbara Lloyd and Lane Neville negotiated the sale of an 11,946-SF retail property leased to CVS, representing the buyer, Michael S. and Mary M. Cho Trust, for $4.444 million. The property is located at 2500 N. Dobson Rd., Chandler, AZ. Brad Richardson of Stan Johnson Companies represented the seller, Babytail III, LLC.
Barbara Lloyd and Lane Neville negotiated the sale of a 5-acre mobile home property, representing the seller, Michael S. and Mary M. Cho Trust, for $4.05 million. The property is located at 1707 E. Apache Blvd., Tempe, AZ. Jeff Ferenz of Jeffrey Alan Adam, Inc., represented the buyer, 2075 Cottonwood Office, LLC.
Denise Nunez in partnership with Kris Wessel of NAI Martens negotiated the sale of a 93,610-SF self-storage property, representing the seller, R.D. Wood Revocable Trust & B.J. Wood Revocable Trust, for $3.85 million. The property is located at 3150 E. Reno Ave., Oklahoma City, OK. Adam Slovis of Slovis & Associates, LLC, represented the buyer, Tower Ventures CRE, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon negotiated the sale of a 5,735-SF property, representing the buyer, EPH 14, LLC, for $1.45 million. The property is located at 9455 E. Ironwood Square Dr., Scottsdale, AZ. Zak Kottler of Levrose Real Estate represented the seller, Layfield V, LLC.
Barbara Lloyd and Lane Neville negotiated the sale of a 7,558-SF retail property, representing the buyer, GGR Holdings, Inc., for $1.3 million. The property is located at 4024 E. Guadalupe Rd., Gilbert, AZ. Judi Butterworth and Lacey Eyman of Orion Investment Real Estate represented the seller, Recker-Highland Corner, LLC.
Barbara Lloyd and Lane Neville negotiated the sale of a 1-acre, build-to-suit property, representing the buyer, KJBD Properties, LLC, for $600,000. The property is located east of the SEC of Queen Creek Rd. and Power Road, Gilbert, AZ. Mike Ord of DL Slaughter represented the seller, LDR Queen Creek & Power, LLC. LGE is the general contractor and has already broken ground on the property.
Jeff Adams negotiated the sale of a 2,550-SF industrial property, representing the buyer, Falcon Airpark, LLC, for $350,000. The property is located at 460 E. Warner Road, Chandler, AZ.
Lease Transactions:
Patrick Anthon represented the tenant, Varsity Tavern, in a 120-month retail lease for 10,925 SF at 501 S. Mill Ave., Tempe, AZ. Brian Gast with Velocity Retail Group represented the landlord, Century Drive Investments, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 124-month lease for 25,700 SF at 4913 W. Bell Rd., Glendale, AZ. Tim Westfall and Ryan Maroney of Newmark Grubb Knight Frank represented the tenant, American Freight of Tennessee, LLC.
Richard Foss represented the landlord, Chong Im Cho, in a 62-month industrial lease for 13,430 SF at 211 W. Vaughn Dr., Tempe, AZ.
Jeff Adams represented the tenant, Source Direct Imports, LLC, in a long-term lease for 15,893 SF at 4750 S. 32nd St., Suite 101, Phoenix, AZ. Eric Bell, Mike Ciosek and Dylan Scott of Kidder Mathews represented the landlord, 32nd Street & Weir, LLC.
Matt Harper represented the tenant, IC Wheels, LLC, in a 37-month lease for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. Mark Lewis of Luke Land Realty represented the landlord, Grand Ave. Station, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, Nowrooz Limited Partnership, in a 39-month retail lease with Scorpion CrossFit for 3,796 SF at 155 E. Ray Rd., Suites 4, 5, and 6, Chandler, AZ.
Tyler Smith represented the landlord, Surprise Mountain, LLC, in a 38-month office lease for 1,477 SF at 14780 W. Mountain View Blvd., Surprise, AZ. Megan McNulty of Morrow Hill represented the tenant, Fairway Independent Mortgage Corporation.
Jeff Adams represented the tenant, Two Three Media, LLC, in a 3+ years industrial lease for 145 E. Comstock Drive, Chandler, AZ. Jackie Orcutt and Jeffrey Wentworth of CBRE represented the landlord, BKM AZ Corp 108, LLC.
Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 1,904 SF at 2403 N. Pebblecreek Parkway, Goodyear, AZ. Hani Aldulaimi of KW Commercial represented the landlord, Sacred Spaces, LLC.
Richard Foss represented the landlord, Andre Horga, in a 26-month lease for 5,675 SF at 1334 E. Van Buren St., Phoenix, AZ.
Matt Harper represented the landlord, Zhang Family Trust, in a 40-month retail lease for 1,188 SF at 2850 N. 107th Ave., Avondale, AZ. Erick Salcido of US Preferred Real Estate represented the tenant, Johnny’s Barbershop, LLC.
Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease for 3,720 SF at 9501 W. Peoria Ave, Suites 108-110, Peoria, AZ.
Matt Harper represented the landlord, Puchhi, Inc., in a 13-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Suite 105 and 106, Peoria, AZ.
