by Peter Madrid | Dec 4, 2017 | News & Updates
PHOENIX, ARIZONA (December 4, 2017) – After a major repositioning this past summer, Corporate Center has landed a charter school that will occupy 26,072 square feet of the 440,000 SF office complex along the reinvigorated I-17 corridor in North Phoenix.
NAI Horizon Senior Vice Presidents Troy Giammarco and Tyler Smith negotiated a long-term lease worth $3.125 million, bringing Sage Academy to Corporate Center, 10220 N. 25th Ave. NAI Horizon represented the landlord, Bay Pacific Corporate Center, LLC of San Francisco.
The eight-building portfolio offers the live-work-play requirements of today’s tenants.
“We were thrilled about ownership’s hands-on involvement and care during the genesis of this transaction,” Giammarco said. “We were pleased that the former ITT installation in the 10220 building had sufficient improvements that made the conversion to Sage Academy’s new home a win for both ownership and the school.
“The central location of the asset was key in Sage’s choice as it addressed the needs of parents who will commute to drop off their children. This will be key in meeting the school’s growing population,” Giammarco said.
Sage Academy’s growth plans include day care services in addition to its K-8 education facility. This a unique amenity to parents who are employed at Corporate Center.
“These features and benefits are what companies are looking for to help them attract candidates from the area’s rich employment base,” Smith said.
The North Phoenix submarket is undergoing a renaissance. Metro Center Mall, across I-17 from Corporate Center, is being redeveloped by the Carlyle Group. The City of Phoenix is upgrading the popular, 80-acre Rose Mofford Park adjacent to Corporate Center.
“The proximity of Corporate Center to the park across the street has the unique draw we feel appeals to the needs of the growing millennial workforce who are looking for work-play amenities and environment,” Smith said.
The tenant, Sage Academy Inc. of Phoenix, was represented by Jason Malcolm and Rod Beach of Cresa Phoenix.
Corporate Center features sought-after big blocks of space with mountain views ranging from 15,000 SF to 75,000 SF. The property is ideal for national corporate back office clients. By 2026 Metro light rail will serve the area.
by Peter Madrid | Nov 30, 2017 | News & Updates
PHOENIX, ARIZONA (November 30, 2017) – NAI Horizon negotiated a long-term lease for Planet Fitness at 10105 E. Via Linda Rd., in Scottsdale, Arizona.
With this deal, NAI Horizon has recently negotiated long-term leases totaling more than $20 million for Planet Fitness locations across the Valley.
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 Scottsdale transaction totaling $2.058 million.
“It’s a great opportunity to take a vacant grocery store and retrofit the site for a national fitness user,” Tworek said. “The demographics of the trade area work very well for Planet Fitness and they are eager to open.”
The Scottsdale Planet Fitness location will take up 29,192 square feet at the Mercado at Scottsdale Ranch. The landlord is Whitestone Mercado, LLC of Scottsdale.
by Peter Madrid | Nov 28, 2017 | News & Updates
SCOTTSDALE, ARIZ. (November 28, 2017) – Sigma Contracting announced it has hired Business Development Specialist Catherine Frendahl.
Frendahl will be responsible for creating business opportunities and securing new business. Frendahl joins Sigma Contracting after spending the past two years at Kinney Construction Services.
Frendahl possesses more than 25 years of experience in sales and business development. She has also performed business development duties for a commercial solar company.
“We are pleased and excited to add Catherine to our team,” said Dan Hinkson, President of Sigma Contracting. “She is the right fit at the right time to continue our growth in the market. It’s a positive sign and could lead to a similar expansion of our estimating and operations footprint in the near future.”
Frendahl has held an Arizona Real Estate license for four years. She is actively involved with industry groups AAED, CRENAB, AZCREW, SAAR, ULI Arizona, Valley Partnership, and the Business Development Guild.
A native of Spokane, Wash., Frendahl has also lived in Oregon and Wisconsin.
by Peter Madrid | Nov 27, 2017 | News & Updates
PHOENIX, ARIZONA (November 27, 2017) – NAI Horizon Senior Vice President Denise Nunez represented the buyer in the sale of a parcel of land in Buckeye, Arizona, on which Sundance Parkway Self Storage will be built.
Nunez represented Terdenjo Storage, LLC of Gilbert, Arizona, in the purchase of 3.73 acres of land at the NEC of Yuma and Sundance Parkway in Buckeye. Terdenjo plans to build a 104,209-square-foot self-storage facility that will comprise 703 units featuring both climate-controlled and drive-up units.
“Contrary to some reports out in the market, these new developments are taking longer and longer to work through the associated entitlements as well as final approvals for self-storage use,” Nunez said. “Escrow on this site opened on October 21, 2016, and closed more than a year later.
“It was a pleasure working with a seasoned developer who was able to take a big- picture approach and minimize costs by addressing potential issues during the contracted period,” Nunez said.
Nunez specializes in self storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the United States.
The seller, Sundance Parkway LLC of Phoenix, was represented by Chris Ackel of CBRE.
by Peter Madrid | Nov 20, 2017 | News & Updates
PHOENIX, ARIZ. (November 20, 2017) – Iconic Design Studio, a full-service, woman-owned interior design firm, has announced the addition of a new team member. Tarah Hamman joins IDS as a senior interior designer/project manager consultant, according to CEO/Principal Kelli Berry.
Hamman will be responsible for space planning; furniture and fixtures specification; and design document/construction document development.
“Tarah brings the experience of professional level construction document execution and exceptional design application,” Berry said. “I am thrilled she is joining our team.”
Hamman has worked as an interior designer in both residential and commercial interiors as well as in commercial architecture as a project manager. She has successfully completed more than 500 retail projects and more than 100 construction documents for permit, including restaurants, hotels, healthcare facilities, commercial office spaces, and multi-use facilities.
A native of Phoenix, Hamman attended the Art Institute of Phoenix. She holds a BS and Council for Interior Design Accreditation in interior design.
Hamman is actively involved with industry groups IIDA, USGBC, and SMPS Arizona. She is a LEED Green Associate.
by Peter Madrid | Nov 16, 2017 | News & Updates
Phoenix, Ariz. (Nov. 16, 2017) — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, elected its 2018 officers and board members via electronic vote of its membership.
Darwyn Harp, General Property Manager with Hines, was elected President. He is joined by Vice President Robert Vincent, Cordia Capital Management; Treasurer Jayme Bartholomew, Development Services of America; and Allied Chair Tim Barber, Maintenance Mart.
“I am honored and humbled to have been elected as BOMA Greater Phoenix’s next President,” Harp said. “BOMA has vibrant energy, and I want to capitalize on it. My goal is to reach out to prospective members and share our story of the great work BOMA has accomplished and will continue to do.
“With a focus on public policy advocacy, networking, and education, I renew my desire to make BOMA’s name synonymous with excellence in commercial real estate and be the go-to entity for building owners and managers,” Harp said.
Board members for 2018: Colleen Leblanc, ATI Restoration; Gina Rouban, Edge Building Services; Michael Chadwick, ViaWest Group; Julie Martens, CBRE; Melissa Scott, Sunbelt Holdings; Maricela Nunez, LBA Realty; Nate Williams, ProServ; Toni Covington, ABM; Chris Vetter, Transcend Security; and Bruce Coomer, Dircks Moving & Logistics.
BOMA Greater Phoenix wrapped up the year on Nov. 3 by hosting The Outstanding Building of the Year (TOBY) Awards. Each year the TOBYs recognize outstanding performance in buildings and reward excellence in building management.
by Peter Madrid | Nov 14, 2017 | News & Updates
TEMPE, ARIZ. (November 14, 2017) – The local office of Terracon was a partner of the team that won an ENR Southwest Best Projects Award of Merit for 2016-2017.
McCarthy Building Cos. won the Award of Merit in the Energy/Industrial category for the APS Red Rock Solar Facility. Terracon completed a geotechnical study, pile foundation design, and materials testing for the project.
The presentation was made at the annual Engineering News-Record Southwest awards lunch Nov. 8 at the Renaissance Phoenix Downtown hotel.
Terracon employees associated with the project were Jesse Huston, PE, who managed the geotechnical study, pile embedment, and soil mix design process; and Tracy Grover, who managed the materials testing and the production pile testing.
“Terracon has provided design support services and construction oversight on hundreds of solar projects around the United States,” said Grover, Regional Manager for Material Services at Terracon. “It’s always an honor when your project receives an award. We appreciate the opportunity to work with McCarthy and look forward to more award-winning projects in the future.”
The Red Rock facility is APS’ largest solar plant, totaling 400 acres in Pinal County near Casa Grande. The $90 million plant is capable of generating 40 megawatts of power. Arizona State University and PayPal have agreed to purchase renewable energy from APS in an amount equivalent to the energy generated by Red Rock, according to APS.
Terracon is an employee-owned consulting engineering firm with more than 4,000 employees providing environmental, facilities, geotechnical, and materials services from more than 140 offices with services available in all 50 states. Terracon has been providing quality engineering services in Arizona since 1992. Terracon currently ranks 30th on ENR’s list of the Top 500 Design Firms.
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.
