by Peter Madrid | Jan 27, 2018 | News & Updates
PHOENIX, Ariz. (January 29, 2018) – With more than 20 years of commercial real estate industry expertise in property management, leasing, and project management, Jennifer Prior has launched her own company, PRE Consulting.
Prior, who will be the company’s Principal, spent two years at Cushman & Wakefield as an Associate Vice President. She oversaw the office property management team of six senior managers with more than 5 million square feet under management.
“I possess a great amount of experience with office, industrial, and retail products,” Prior said. “I have extensive knowledge of property management, leasing, and project management and my team has background in commercial real estate underwriting and closings.”
PRE Consulting will provide short-term solutions for commercial real estate firms. It will provide full-service property management for most product types; property management project work such as CAM reconciliations; budgets; and on-boarding/off-boarding property management assignments. PRE will also offer leasing services; project management services such as tenant improvements and capital improvements; and commercial loan underwriting and closing services.
Prior is currently working toward the designation of Certified Commercial Investment Member (CCIM).
A native of Tulsa, Okla., Prior was raised in Knoxville, Tenn. She earned a Bachelor of Arts degree in real estate finance and a Bachelor of Science degree in construction management at Washington State University in Pullman, Wash.
PRE Consulting can be reached at preconsulting@outlook.com or (480) 223-8068.
by Peter Madrid | Jan 23, 2018 | News & Updates
PHOENIX, ARIZ. (January 23, 2018) – Cooper Fratt of CBRE has been named 2018 Chairman for the NAIOP Arizona Developing Leaders. Fratt, a DL member since 2011, began his career at CBRE in 2008 as a researcher. He currently is an industrial property sales and leasing specialist.
“I’ve been fortunate enough to work under two great Developing Leader Chairmen in Jenna Borcherding and Chris Marchildon,” Fratt said. “We have a great year planned in 2018. My goal is to build upon the success and foundation put in place by Jenna and Chris. Our next event is the NAIOP DL’s spring training baseball game on March 2, which is always a favorite. Throughout the year we will continue to expand our philanthropic events as well, and those details should be finalized very soon.”
Other DL events scheduled for 2018 include the award-winning Mentor Program, a bowling outing, the signature Rookies & Rockstars evening, networking happy hours, holiday party, and the educational speaker series.
In addition to naming a new chairman, the group selected its Steering Committee: Jenna Borcherding, JLL; Patrick Boyle, Cushman & Wakefield; Mike Strittmatter, CBRE; Billy Cundiff, Hines; Cullen Mahoney, Trammell Crow Company; Kyle Seeger, JLL; Jack Czerwinski, Majestic Realty Co.; Josh Tracy, Ryan Companies US, Inc.; Chelsea Porter, The Renaissance Companies; Thomas Maynard, GPEC; Phil Haenel, Cushman & Wakefield; Megan Druding, Cushman & Wakefield; Ashley Hoffman, Layton Construction; Clare Lydon, Opus Group; Matthew Krause, Krause Interior Architecture; Jenny Turner, Savills Studley; Jenna Harrison, ViaWest Group; Chad Schleicher, SmithGroupJJR; Elisabeh Tometich, Corporate Interior Systems; Liz Collins, Cushman & Wakefield; and Tim Colquhoun, National Bank of Arizona.
by Peter Madrid | Jan 22, 2018 | News & Updates
PHOENIX, ARIZONA (January 22, 2018) – The Fidelity National Title Agency | Camelback Lakes team announced it closed on Pima County Industrial Development Authority Education Facility Revenue Series 2017 Bonds for American Leadership Academy, Inc., in the aggregate amount of $192.2 million.
The Fidelity National Title Camelback Lakes office team comprises Diane Carpenter, Kristina Gooding, and Leo Sanchez.
The proceeds of the Series 2017 Bonds were used to make a loan to American Leadership Academy for the purpose of paying the costs to finance or refinance the acquisition, construction, improvement, and equipping of land and charter school facilities of four sites in the Southeast Valley. The proceeds will also go to any required reserve funds; pay capitalized interest, if any, on the Series 2017 Bonds; and pay certain issuance expenses related to the Series 2017 Bonds.
Leo Sanchez
“We are grateful to Holmes Law and American Leadership Academy for entrusting our team to facilitate this successful closing,” Sanchez said. “We’re excited to be a part of a transaction that is involved in serving the K-12 students in our Arizona community.”
“We recognized that we had to work with a title company that was highly talented and experienced in bond transactions,” said Ashley Spear, attorney at Holmes Law. “We knew that Kristina Gooding and the team at Fidelity were the perfect choice. Since Holmes Law was founded in 2014, our firm has provided legal services for more than $311 million of bond financing projects for charter schools throughout the Southwest.”
Holmes Law is a small firm located in Chandler that focuses on charter school creation, expansion, and operation. It regularly represents charter schools in bond financings used for the construction, acquisition, and renovation of facilities.
by Peter Madrid | Jan 16, 2018 | News & Updates
TEMPE, ARIZ. (January 16, 2018) – The local office of consulting engineering firm Terracon has been awarded a long-term contract and the renewal of an existing contract with the Arizona Department of Environmental Quality (ADEQ).
Brent M. Borchers
Terracon was awarded a 5-year, statewide on-call contract for environmental services at public and private underground storage tank (UST) facilities throughout Arizona. Services include site and risk assessments; UST closure/removals and system upgrades; site characterizations; and the design, construction, installation, and operation of remediation systems.
“We are excited to expand our relationship with ADEQ,” said Brent M. Borchers, P.E., Regional Manager for Terracon. “The contracts will aid our growth in Arizona. We are helping a wide variety of state and local agencies, in addition to many private owners.”
Terracon also was awarded a renewal of its existing ADEQ asbestos and lead consultant contract, which it has maintained for more than 6 years. Services include asbestos and lead paint surveys; project design abatement specifications; and oversight, air monitoring, and air clearance testing during abatement.
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 currently ranks 30th on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
by Peter Madrid | Jan 2, 2018 | News & Updates
PHOENIX, ARIZONA (Jan. 2, 2018) – The sale of two industrial sites in the Southeast Valley and a series of long-term leases for Planet Fitness locations around the Valley highlight recent deals closed by NAI Horizon professionals.
Sales:
John Filli negotiated the sale of a 65,779 SF industrial property on 9.82 acres, representing both the buyer, Rolling Plains Construction, Inc., and the seller, 4K Properties LTD, for $3.17 million. The property is located at 5051 S. Warner Dr. and 5136 S. Desert View Dr., in Apache Junction, AZ.
Denise Nunez negotiated the sale of a 53,700 SF self-storage property, representing the seller, Budget Storage Development, LLC, for $2.05 million. The property is located at 2511 E. 17th Ave., Hutchinson, Kansas. The seller, WC Capital, LLC, was represented by Jerome Castillo with Titan Realty.
John Filli negotiated the sale of a 17,966 SF industrial property, representing the seller, 4K Properties LTD, for $1.727 million. The property is located at 1350 W. Harwell Rd., Gilbert, AZ. Mike Parker with CBRE represented the buyer, Bio Huma Netics, Inc.
Rick Foss negotiated the sale of a 10,058 SF office property, representing the seller, AZ CE Properties, LLC, for $960,000. The property is located at 4848 S. 35th St., Phoenix, AZ. Matt McDougall with Lee & Associates represented the buyer, Pacific Desert, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of a 37,433 SF pad, representing the seller, The Marketplace at Estrella Falls, LLC. The property is located at 1600 N. Pebble Creek Parkway, PAD 14, Goodyear, AZ. Joe Doucett with Newmark Grubb Frank represented the buyer, Nevada RE Manager, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of a 38,000 SF pad, representing the seller, The Marketplace at Estrella Falls, LLC. The property is located at 1600 N. Pebble Creek Parkway, PAD 3, Goodyear, AZ. Max Bippus with CBRE represented the buyer, CAI Investment Sub Series 301, LLC.
Denise Nunez negotiated the sale of a 162,471 SF tract of land, representing the buyer, Terdenjo Storage, LLC, for $700,000. It is located at the NEC of Yuma Rd & Sundance Parkway, Buckeye, AZ. Chris Ackel with CBRE represented the seller, Sundance Parkway, LLC.
Tyler Smith negotiated the sale of a 2,647 SF office property, representing the seller, R2R, LLC, for $695,000. The property is located at 16968 W. Bell Rd., Surprise, AZ. David Wilson with Daum Commercial represented the seller, Wall Properties, LLC.
Michael Gaida negotiated the sale of a 768 SF office property, representing the seller, CAI, LLC, and the buyer, Silver Peak IP, LLC for $77,000. The property is located at 2701 E. Thomas Rd., Phoenix, AZ.
Leases:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEG-FIT Gilbert & Warner Rd, LLC in a 120-month retail lease for 28,000 SF at the SEC of Gilbert & Warner Rd., Gilbert, AZ. Jason Herkser with Capital Asset Management represented the landlord, MGD Holdings, LLC.
Tyler Smith and Troy Giammarco represented the landlord, Bay Pacific Corporate Center, LLC in an 84-month office lease for 26,072 SF at 10220 N. 25th Ave., Phoenix, AZ. Jason Malcom and Rod Beach with CRESA represented the tenant, Sage Academy, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEG-FIT Via Linda & Mountain View Rd, LLC in a 138-month retail lease for 29,192 SF at 10105 E. Via Linda Rd., Scottsdale, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Lux Nail Bar in a retail lease at 4747 E. Cactus Rd., Phoenix, AZ.
Mark Wilcke represented the landlord, Native Arizonan Acquisitions VII, LLC in a 68-month lease for 3,350 SF at 1824 E. Indian School Rd., Phoenix, AZ. John Asher with AT Real Estate Services represented the tenant, Delafit, LLC.
Matt Harper represented the landlord, TSP Metro Gateway, LLC in a 60-month retail lease for 2,000 SF at 3315 W. Peoria Ave., Phoenix, AZ. Austin Ferozco with West USA Realty represented the tenant, Avancy Bridal, LLC.
Kevin Higgins, Barbara Lloyd and Lane Neville represented the landlord, Bogle Family Realty, LLLP in a 60-month office lease for 1,666 SF at 7227 N. 16th St., Phoenix, AZ. Antoinette Olea with HomeSmart represented the tenant, Law Offices of Alan M. Ortega, PLLC and Daniel R. Ortega III, PLLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 36-month retail lease for 3,100 SF at 4925 W. Bell Rd., Glendale, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, MacDonald Management, LLC in a 60-month retail lease for 1,240 SF at 4015 E. Bell Rd., Phoenix, AZ. Alan Zell with Zell Commercial represented the landlord, Nelson Properties, LLC.
Matt Harper represented the landlord, LASA Realty, LLC in a 60-month retail lease for 1,200 SF at 7448 W. Glendale Ave., Glendale, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 36-month retail lease for 1,920 SF at 4925 W. Bell Rd., Glendale, AZ.
Matt Harper and Sharon Reeves represented the landlord, SJ & SM, LLC, in a 63-month retail lease for 1,250 SF at 5118 W. Northern Ave., Glendale, AZ.
Tom Bean, CCIM, and Laurel Lewis represented the tenant, Todd Lemay & Letitia Lemay in a 14-month lease for 4,959 SF at 8720 S. Kyrene Rd., Tempe, AZ. Jackie Orcutt with CBRE represented the landlord, EJM Kyrene Property, LLC.
Rick Foss represented both the tenant, CANA Communications and the landlord, Gerald M & Diane M Olson Revocable Living Trust, in a 24-month industrial lease for 2,800 SF at 105 N. 30th St., Phoenix, AZ.
Matt Harper represented the landlord, Copper State Land, LLC, in a 24-month retail lease for 1,400 SF at 5717 W. Glendale Ave., Glendale, AZ. Vinny Summo with Bryant Commercial Real Estate represented the tenant, Veggie Rebellion, LLC.
Matt Harper represented the landlord, Maz Northern Plaza, LLC, in a 24-month retail lease for 850 SF at 5008 W. Northern Ave., Glendale, AZ.
