by Peter Madrid | Aug 21, 2017 | News & Updates
PHOENIX, ARIZONA (August 21, 2017): NAI Horizon has negotiated a long-term lease worth $1.479 million for Biscuits Café at Terrazza Center, 24874 N. 67th Ave. in Peoria, Arizona.
The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Biscuits Café, Inc. of Portland, Oregon.
“Being so close to Christ’s Church of the Valley, the owners felt it would provide excellent exposure for their concept, in a very underserved area of the Valley,” Gerow said.
Biscuits Café is in four states and now five Arizona cities: Peoria, Chandler, San Tan Valley, Surprise, and Glendale. Owners Ed and Barbara Preston have been in the restaurant business since 1968.
Biscuits Café will take 4,300 square feet at Terrazza Center. The landlord is N&I Development, LLC of Newport Beach, California.
by Peter Madrid | Aug 16, 2017 | News & Updates
TUCSON, ARIZONA (August 16, 2017) – Recent deals negotiated by the NAI Horizon Tucson office.
RETAIL: 250 S. Craycroft Rd., Suite 140, Tucson. Tucson Coffee Roasters leased 1,628 SF of retail space from 250 S. Craycroft; Ben Craney, Phil Skillings and Andrew Sternberg with NAI Horizon represented the landlord. Jeramy Price with Volk Company represented the tenant.
RETAIL: Block 4, Marana Main Street, Marana. JB Restaurants IV LLC leased 2,600 SF from Marana Main Gate North, LLC. Scott Soelter and Ben Craney with NAI Horizon represented the landlord. Pete Villaescusa with CBRE represented the tenant.
RETAIL: 3951 W. Costco Dr., Suite 125, Marana. Our Play Place leased 1,803 SF of retail space at 3951 W. Costco Dr., Suite 125, in Marana from Ghost 21, LLC. Dave Dutson and Ben Craney of NAI Horizon represented the landlord.
INDUSTRIAL: 4221 S. Santa Rita, Suite 101, Tucson. RB Becken, Inc. dba Jan Pro leased 3,114 SF from the Ronald W. Brown Trust. David Blanchette, CCIM, of NAI Horizon represented the tenant. Jeff Zellet with PICOR represented the landlord.
RETAIL: 3063 N. Alvernon Way, Tucson. CataVinos Wine Shoppe at 3063 N. Alvernon Way sold for $200,000 to Bronco Auto Repair. The building is 1,880 SF. Gordon Wagner from NAI Horizon was the only agent involved in the transaction.
by Peter Madrid | Aug 16, 2017 | News & Updates
PHOENIX, ARIZ. (August 16, 2017) – The Internet has changed how industry – including the commercial real estate community – conducts business.
At its next three events, CoreNet Global Arizona will explore how a connected world is transforming its interaction with the workforce.
Part I, Transportation, is scheduled for Thursday, August 24, at Phoenix Country Club, 2901 N. 7th St.
Panelists include Mike Medici, President and Managing Partner, SmithGroupJJR; Kathy Knoop, Principal Environmental Scientist, Electric Transportation, Salt River Project; and Kari Hartman, Business and Real Estate Advisory Services, Keyser.
The panel will explore changes in transportation paradigms and how they affect the built environment and workplace design.
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 II, Office & Smart Buildings, is scheduled for Sept. 28; Part III, Cyber Security, is scheduled for Oct. 26
by Peter Madrid | Aug 15, 2017 | News & Updates
TUCSON, ARIZONA (August 15, 2017) – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194.08/SF) acquisition of a 5,874-SF retail property at 522 N. 4th Ave., in Tucson.
NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of RE/MAX Alliance Group represented Avtar C. Verma of Paradise Valley, Ariz., the buyer.
“Over the past three years we have seen a steady increasing interest in the 4th Ave. entertainment corridor for investors and local merchants,” Blanchette said. “With the completion of the Light Rail Modern Street Car and the massive infusion of capital to the Downtown Tucson renaissance, 4th Avenue is ready for its own resurgence.
“Successful restaurants and merchants are expanding like Boca Tacos and Lindy’s, and Creations Boutique, which is owned by Mr. Verma. I expect to see 4th Avenue expand its diverse and eclectic mix of restaurants, shops, and clubs to meet the growing downtown population,” Blanchette said.
by Peter Madrid | Aug 14, 2017 | News & Updates
PHOENIX, ARIZONA (August 14, 2017) – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million sale of Reno Avenue Self Storage in Oklahoma City.
Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of Slovis & Associates represented the buyer, a limited liability company from Memphis, Tennessee.
“It was a pleasure working with NAI Martens,” Nunez said. “The NAI partnership allowed the seller the comfort of working with someone they trusted who had local expertise while benefiting from the national exposure and expertise that my self-storage team was able to provide.
“The property was marketed utilizing the full resources of the NAI platform. The effort produced several offers and the seller and buyer commented on how pleased they were with the smooth close,” Nunez said.
Reno Avenue Self Storage sits on 5.37 acres and is well located near the I-35 and the I-40 freeways in Oklahoma City. It comprises 93,610 square with 577 units. It is the only facility within a 3-mile radius that offers climate controlled units.
by Peter Madrid | Aug 9, 2017 | News & Updates
PHOENIX, ARIZ. (August 9, 2017): The NAI Horizon investment sales team of Senior Vice Presidents Barbara Lloyd and Lane Neville represented the buyer in the $1.3 million acquisition of Highland Corner, 4024 E. Guadalupe Rd., in Gilbert, Ariz.
The buyer is GGR Holdings, Inc., a Nevada corporation. The seller was Recker-Highland Corner LLC.
“At 100 percent occupancy, this acquisition provides our client with a quality, stabilized asset located in a submarket with very solid demographics,” Lloyd said. “We were pleased to secure this investment for GGR Holdings in a highly competitive buying environment for assets in this price range.”
The property is a retail strip center and totals 7,558 square feet. Tenants include Tutoring Club, Can Dance, Hair Unlimited, and Sun Valley Nails. Judi Butterworth and Lacey Eyman of ORION Investment Real Estate represented the seller.
by Peter Madrid | Aug 8, 2017 | News & Updates
PHOENIX, ARIZONA (August 8, 2017): NAI Horizon negotiated a long-term lease for Texas-based Varsity Tavern at 501 S. Mill Ave., in Tempe.
The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Ipsum Creative LLC of Tempe, in the transaction totaling $2.641 million.
Varsity Tavern will occupy the second and third floors of the retail property. It will take 10,925 square feet with 3,400 SF of patio space. Gringo Star occupies the first floor.
“We’re looking forward to seeing Varsity Tavern come to Arizona,” Anthon said. “It will be a great option in downtown Tempe for both good food and entertaining nightlife. The group is looking to revitalize the former Hooters space, and has some exciting plans in place to cater to students, those in the Tempe workforce, and nearby residents.”
The landlord, Century Drive Investments of Phoenix, was represented by Brian Gast of Velocity Retail Group.
by Peter Madrid | Aug 7, 2017 | News & Updates
TEMPE, ARIZ. (August 7, 2017) – Chelsea Peitz says one of her roles at Fidelity National Title Agency is to help successful real estate professionals use social media to build a memorable brand and boost their bottom line.
That has earned Peitz, Assistant Vice President, Director of Social Strategy, a prestigious top ranking by San Francisco-based Inman, an industry leader that covers social media aspects of the real estate industry.
Peitz topped Inman’s list of the 20 best real estate Snapchatters in the U.S.
Peitz is a frequent speaker on real estate marketing topics and will be a guest speaker this month in San Francisco at Inman Connect, a week-long event that brings together more than 4,000 top producing agents and brokers, real estate franchise CEOs, marketing executives, and tech entrepreneurs.
Her topic will be “Talking in Pictures: How Snapchat changed how we build our personal brand.” Fidelity National Title Agency is the only title company with a speaker at the event.
A graduate of Arizona State University, Peitz has more than 16 years of experience in the real estate space. She previously served as Director of Marketing at Fidelity National Title.
Peitz is an Inman News contributing writer whose pieces often focus on leveraging technology to grow business. She also educates real estate professionals and shares best practices to expand their careers.
“We are so excited and proud that Inman recognized Chelsea for this prestigious honor,” said Sharon Terhune, Vice President and Residential Sales Manager at Fidelity National Title Agency. “She is truly a thought leader in the industry and an asset to Fidelity. As a matter of practice, our team is always looking for the most innovative ways to help our best partners create a competitive advantage.
“Chelsea has helped the sales team create digital branding strategies and build authentic campaigns to enhance the businesses of our best real estate partners,” Terhune said.
According to Inman’s website, half of Snapchat’s new daily users in the U.S. are 25 and older. This group uses Snapchat 12 times a day for a total of 20 minutes. Users under 25 are visiting Snapchat 20 times a day and spending over a half hour on the app.
Says Inman: “Imagine all that reach to future homebuyers and sellers; it’s no wonder real estate has gravitated toward the platform.”
by Peter Madrid | Aug 3, 2017 | News & Updates
PHOENIX, Ariz. (August 3, 2017) – W&W Structural, Inc., a woman-owned structural steel subcontractor, has added Bobby Esmilla as a Senior Estimator to its growing team in its Tempe, Ariz., office.
Bobby Esmilla
Esmilla will be responsible for estimating and material take-off for complete steel bid packages. A native of Manila, Philippines, Esmilla previously worked at Ironco Enterprises, Senior Estimator; Maricopa Metals, Chief Estimator; and Schuff Steel, Detailer/Estimator.
“Bobby is a critical thinker with exceptional communication skills,” said W&W President/Owner Jodi Malenfant. “His more than 25 years of experience in steel fabrication, detailing, and estimating adds more expertise to our superior team.”
Esmilla holds a Bachelor of Science degree in architecture from Far Eastern University in Manila.
by Peter Madrid | Aug 3, 2017 | News & Updates
PHOENIX, ARIZ. (August 3, 2017) – Bryant Commercial Real Estate (BCRE), a woman/minority-owned company, has expanded its services, added staff, and moved into new headquarters at 5555 E. Van Buren St., in Phoenix.
BCRE is a diversified company focused on providing integrated commercial real estate solutions to businesses throughout the Valley.
Founded in 2013 by Adrienne Bryant, BCRE provides site selection, sales/lease negotiation, landlord/tenant representation, and real estate consulting services. BCRE also has created a unique Resource Coordination Service to address the complex needs of its clients. This service includes franchise consulting, facilities management, architectural design, and construction management delivered through collaboration with its growing list of strategic partners.
“Our company is providing a full scope of solutions for our clients that will range from starting a business to disposition and providing resources that extend from Bryant’s decades of relationships with local business owners,” said Bryant, Designated Broker and co-owner with her daughter Jonvieve.
Franchises and businesses that BCRE has recently been working with include FLO Hot Yoga & Cycle, opening in Downtown Chandler; Office Evolution, opening soon in the Southeast Valley; Compatible Homecare, in Chandler; Wow Wow Hawaiian Lemonade; Club Pilates; and All In One Posters Company located in Chandler.
BCRE’s unique approach includes its companion company, Franchise Me Next, which provides consultation, franchise research, data analysis, and franchise selection assistance
“Offering franchise services is a natural evolution for BCRE,” said Reginald Thompson, Franchise Consultant with Franchise Me Next. “We are building on the relationships and hard work that BCRE has become known for over the years.
“Through Franchise Me Next, we will offer franchise consulting, brokerage, and development services. We are excited to assist entrepreneurs in accomplishing their dream of successful business ownership through franchising,” Thompson said.
The City of Phoenix has recently certified Bryant Commercial Real Estate as a Small Business Enterprise (SBE) /Disadvantaged Business Enterprise (DBE). This certification will allow BCRE to serve the local community through contracting and procurement opportunities with the City of Phoenix and Maricopa County.
BCRE is a growing company with a staff that now numbers 12 employees.
