by Peter Madrid | Jul 25, 2017 | News & Updates
TUCSON, ARIZ. (July 25, 2017) – The Tucson office of NAI Horizon recently closed on $4.696 million worth of long-term leases and $2.016 million worth of property sales as it continues to expand its presence in Southern Arizona.
Top sales:
- Paul Schloss negotiated the $976,250 sale of Carlotta’s Kitchen, 847 E. 18th St., Tucson. NAI Horizon represented the buyer, 1966 Partners, LLC of Tucson.
- David Blanchette, CCIM, negotiated the $950,000 sale of office buildings at 301-311 E. Fort Lowell Rd., Tucson. NAI Horizon represented the seller, Doyle Beckham of Tucson and Paul Hooker at Cushman & Wakefield-PICOR represented the Buyer, E.C. Environmental.
Top leases:
- Ben Craney negotiated a new lease of 20,500 square feet on behalf of Planet Fitness at Swanway Plaza, 4722 and 4724 E. Broadway Blvd., Tucson. NAI Horizon represented the tenant and Greg Furrier with Cushman & Wakefield PICOR represented the landlord
- Scott Soelter and Ben Craney negotiated a new lease for Chuy’s Mesquite Broiler at Block 4, Marana Main Street, Tucson. NAI Horizon represented the landlord, Marana Main Street, LLC of Tucson.
- Andrew Sternberg negotiated a new lease for a financial services company at Ina Corporate Park, 3017 W. Ina Rd., Tucson. NAI Horizon represented the landlord, 3017 W. Ina, LLC of Tucson and Robert Nolan from Oxford Realty Advisors represented the tenant.
- Ben Craney negotiated a long-term lease for One Stop Nutrition at Cottonwood Properties, 7292 N. Oracle Rd, Tucson. NAI Horizon represented the tenant, OSN Tucson, LLC of Tucson and David Carroll of Romano Real Estate represented the landlord.
- Andrew Sternberg negotiated a new lease for MISOM Technologies, Inc., at Rooney Ranch Professional Offices, 10445 N. Oracle Rd., Tucson. NAI Horizon represented the tenant and Buzz Isaacson from CBRE represented the landlord.
- Scott Soelter and Ben Craney negotiated a new lease for the Eyrie Brazilian Jiu-Jitsu Studio at Placita del Rio, 918 W. Irvington Rd., Tucson. NAI Horizon represented the landlord, PDR Investments, LLC of Tucson.
- Andrew Sternberg negotiated a new lease for a marketing firm at 2432 E. Broadway Rd., Tucson. NAI Horizon represented the landlord, 2424 E. Broadway, LLC. of Tucson.
- Scott Soelter negotiated a new lease for Trident III, 250 S. Craycroft Rd., Tucson, AZ NAI Horizon represented the tenant and Phil Skillings and Ben Craney, NAI Horizon represented the landlord.
- Dave Dutson and Gordon Wagner negotiated a new lease for James Anderson Insurance Agency, 4695 N. Oracle, Suite 115, Tucson, AZ, NAI Horizon represented the landlord and John Hammer with KW Commercial represented the tenant.
- Dave Dutson negotiated a new lease for a reflexology salon at 12152 N. Rancho Vistoso Road at the Safeway Rancho Vistoso Center, NAI Horizon represented the tenant.
by Peter Madrid | Jul 25, 2017 | News & Updates
Renovation plan attracts new entertainment, dining tenants, bringing new concepts to the Sedona community
Sedona, Ariz. (July 25, 2017) – Sedona Vista Village announces that the Majestic Theatre & Speakeasy Supper Club will be opening soon, occupying the 6,500-square-foot building which formerly housed the IMAX Theatre in the rear of the property.
The Majestic Theatre, which will accommodate 170 guests, will feature comedy on Thursday nights, a Friday Follies burlesque/variety show, live music on Saturday nights, and classic movies on Sundays. It is slated to open in September.
The Speakeasy Supper Club, which has seating for 100 in its unique 1920s designed theme dining room and outdoor back patio, will serve dinner and drinks Wednesday through Sunday. The Speakeasy Supper Club is expected to open to the public in August and its main menu features will include steaks, seafood, burgers, and flatbreads accompanied by a beautiful global wine selection. For additional details and the event schedule for the new entertainment and dining venues, visit: www.majestic-speakeasy.com.
“Our plan for this property is to update its tired look, and to attract unique and interesting new businesses that will provide residents of the Sedona area new options for dining, entertainment, and shopping,” said Marty Aronson, an owner of Sedona Vista Village. “With the addition of these two concepts, we are on track for achieving our vision.”
The Majestic Theatre and Speakeasy join current tenants of the development, which include Famous Footwear, Tuesday Morning, L’eggs•Hanes•Bali•Playtex, and Kitchen Collective.
Also joining the development will be Westin Hotels’ Element Concept, which is expected to open in late 2018, and will be located on the north end of the Sedona Vista Village development. Additional storefront space on the south side is available for lease immediately.
The chief leasing agent for Sedona Vista Village is Jack McMahon of John D. Miller Commercial Real Estate Services, in Sedona. He can be reached at 928-224-2709 or jack@johndmiller.com.
by Peter Madrid | Jul 24, 2017 | News & Updates
PHOENIX, ARIZ. (July 24, 2017) – Fidelity National Title Agency is pleased to announce the promotion of Assistant Vice President Jodi Ayala to the position of Escrow Branch Manager of the newly formed Biltmore Lakes branch office, 2720 E. Camelback Rd., Suite 100, in Phoenix.
Jodi Ayala
Ayala, who has been with Fidelity National Title Agency for nine years, most recently served as Assistant Branch Manager of Fidelity’s Scottsdale Kierland office.
Ayala is responsible for the day-to-day operations of the branch, overseeing the overall profitability of the branch, as well as training and coaching her team. As an escrow officer, she specializes in the residential segment of real estate, focusing on resale, refinance, investor, and builder transactions.
Recognized as a top performer for Fidelity National Title Agency, Ayala has received the 2011 Top 2 Percent Residential Escrow Western Operations Award and the 2012 Top 5 Percent Residential Escrow Officer Award. In addition, she has been honored as a Fidelity National Title Agency’s Star of the Month four times since 2014.
A graduate from the University of Nebraska-Lincoln with a Bachelor of Arts degree, Ayala has used her education in business management to enhance her customer service skills.
“Jodi is not only a skilled escrow professional whose clients are her priority, but she is also an exemplary role model for her co-workers and a welcome addition to our team of escrow branch managers,” said Diane Day, Fidelity National Title Senior Vice President, Operations Manager.
Giving back to the community is important to Ayala. She supports Heart for the City, a mentoring program for inner city children and is a 10-year camp director for Project Kindle, a non-profit organization serving children with illnesses and special needs.
Ayala and her husband have a daughter and a son, and most of her time away from work is spent with her family.
“The most rewarding part of my work is interacting with first-time home buyers and sharing my expertise with clients and staff,” Ayala said.
by Peter Madrid | Jul 24, 2017 | News & Updates
PHOENIX, ARIZ. (July 24, 2017): The NAI Horizon investment sales team of Senior Vice Presidents Barbara Lloyd and Lane Neville represented the seller in the $4.05 million disposition of the Modernette Mobile Home Park, 1707 E. Apache Blvd. in Tempe, Ariz.
NAI Horizon represented the Michael S. and Mary M. Cho Family Trust. The buyer was 2075 Cottonwood Office, LLC.
“Our client owned Modernette for more than 40 years and it was a reliably stable investment for them,” Lloyd said. “The property is less than one mile from Arizona State University and is strategically located along the light rail on Apache Boulevard, just west of the southwest corner of McClintock Drive.”
Modernette Mobile Home Park comprises 79 spaces and six apartment units. It sits on 4.8 acres.
“We are representing our client through this sale toward completion of a 1031 tax deferred exchange,” Neville said. “Their focus is to exchange proceeds from the mobile home park sale into an acquisition of a single tenant, retail asset.”
by Peter Madrid | Jul 24, 2017 | News & Updates
PHOENIX, ARIZ. (July 24, 2017) – The seventh annual Tee It Up To Cure Leukemia charity golf tournament is set for Friday, Sept. 29, at Legacy Golf Course, 6808 S. 32nd St., Phoenix. Registration begins at 11:30 a.m.; the tourney tees off at 1:15 p.m.
The tournament is special to organizer Jana Brickey, Associate/Business Development Director at Dick & Fritsche Design Group. She lost a grandfather to leukemia and in 2009 a great niece was diagnosed with acute lymphoblastic leukemia. An avid bowler, Brickey also lost a friend with whom she competed in a national tournament was diagnosed with lymphoma and died within months
“When I started this event, it was my way of supporting my great niece,” Brickey said. “I wanted to be a part of her battle even though I lived two states away. As the years pass, I have been forever changed by the stories of survivors and have honored the families of those who passed. I hope our collective efforts help eradicate leukemia from our vocabulary.”
The golf tournament has raised more than $32,000 for the Leukemia & Lymphoma Society (LLS), Brickey said. LLS is the largest voluntary health organization dedicated to funding research, finding cures, and ensuring access to treatments for blood cancer patients.
Entry fee for the charity event is $90 per player before August 15, $100 after that date. It includes golf cart, range balls, and lunch before the shotgun start. Sponsorship opportunities are also available.
“Participation has increased each year,” Brickey said. “We had 96 golfers last year. September is also Blood Cancer Awareness Month so the timing of our event makes it even more special.”
For more information and to register for the tourney, visit teeituptocureleukemia.com.
by Peter Madrid | Jul 20, 2017 | News & Updates
PHOENIX, ARIZONA (July 20, 2017) – Recent transactions closed by NAI Horizon brokers in Phoenix.
Sales transactions:
Russ Warner and Andrew Warner negotiated the sale of a 41.85-acre RV Resort, representing the seller, PVC Properties, Corp., for $34 million. The property is located at 400 N. Plaza Dr., Apache Junction, AZ.
Denise Nunez negotiated the sale of a 46,770-SF self-storage property, representing the buyer, Western Tucson, LLC, for $2.775 million. The property is located at 6459 E. Golf Links Rd., Tucson, AZ. Rein & Grossoehme represented the seller, T/F Limited Partnership, LLLP.
Isy Sonabend negotiated the sale of an 11,250-SF industrial property, representing both the buyer, EGV Associates, and the seller, Adam Garcia Properties, LLC, for $1.53 million. The property is located at 639 S. 54th Ave., Phoenix, AZ.
Rick Foss negotiated the sale of a 10,054-SF industrial property, representing both the buyer, McDowell Sonoran Holdings, LLC, and the seller, DJA Fiorano Holdings, LLC, for $965,000. The property is located at 5230 S. 39th St., Phoenix, AZ.
Denise Nunez negotiated a land sale for a self-storage property, representing both the buyer, Waddell & Litchfield Self Storage Partners, LLC, and the seller, Levine Investments Limited Partnership, for $836,628. The property is located at 14120 & 14150 N. Litchfield Rd., Surprise, AZ.
Denise Nunez negotiated the sale of a 20,134-SF self-storage property, representing both the buyer, 603 Industrial Drive, LLC, and the seller, Kada, LLP, for $640,000. The property is located at 603 N. Industrial Dr., Camp Verde, AZ.
Isy Sonabend negotiated the sale of a 5,354-SF industrial property, representing both the buyer, Vanco, LLC, and the seller, PAZ Holdings, LLC, for $425,000. The property is located at 3919-3925 E. Miami Ave., Phoenix, AZ.
Lease transactions:
Horth Hong, Shelby Tworek, Chris Gerow, Gabe Ortega, and Patrick Anthon represented the landlord, Bridford Greensboro, LLC, in a 126-month lease for 10,603 SF at 4716 E. Thunderbird Rd., Phoenix, AZ. Judi Butterworth of ORION Investment Real Estate represented the tenant, Salon Suite III, LLLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the tenant, Modern Warrior Pro, LLC, in a 60-month lease for 1,240 SF at 6501 E. Greenway Pkwy., Scottsdale, AZ. James DeCremer of Strategic Retail Group represented the landlord, LIPT East Greenway Parkway, LLC.
Thomas Bean and Stan Matzinger represented the tenant, Dr. Ludu and Sr. Sharma, in a 12-year lease of 1,360 SF at the NWC of Dove Valley and North Valley Pkwy., Phoenix, AZ. Cameron Warren of Phoenix Commercial Advisors represented the landlord, Canyon Crossroads Retail, LLC.
Mark Wilcke represented the landlord, ICC Tempe, LLC, in a 63-month lease of 8,372 SF at 2515 W. Erie Dr., Tempe, AZ. Susan McCall of RE/MAX Alliance Group represented the tenant, Arizona Auto Resource, LLC.
John Filli represented the tenant, Salus Medical, LLC, in a 60-month lease of 6,732 SF at 2202 West Lone Cactus Dr., Phoenix, AZ. Bob Deininger of Commercial Properties, Inc., represented the landlord, DRD Properties, LLC.
Thomas Bean represented the tenant, Ewing Foley, Inc., in a 65-month lease of 2,655 SF at 4720 E. Cotton Gin Loop, Ste. 132, Phoenix, AZ. John Cerchiai and Spencer Nast of Lee & Associates represented the landlord, Development Services of America, Inc.
Sharon Reeves represented the tenant, Renew Sleep Solutions, Inc., in a 60-month lease of 2,216 SF at 5410 N. Scottsdale Rd., Scottsdale, AZ. Bill Cook of Plaza Companies represented the landlord, Bayport PV Associates, LP.
Thomas Bean represented the tenant, US Health Group, in a 44-month lease of 4,785 SF at 4747 N. 7th St., Phoenix, AZ. Michael Crystal, Emily Currie and Joe Vale of Newmark represented the landlord, Fenway XV, LLC.
Tyler Smith represented the landlord, SWRE DEAL V BUILDING, LLC, in a 63-month lease of 2,544 SF at 1850 N. 95th Ave., Phoenix, AZ. Justin Himelstein of Cushman & Wakefield represented the tenant, Empire West Title Agency, LLC.
Mark Wilcke represented the landlord, Goldberg Family Trust, in a 36-month lease of 2,800 SF at 8222 N. 67th Ave., Glendale, AZ.
Thomas Bean represented the tenant, FIT Electronics, Inc., in a 64-month lease of 1,686 SF at 4001 E. Mountain Sky Ave., Ste. 206, Phoenix, AZ. Kathleen Morgan and Trisha Talbot of Newmark Grubb Knight Frank represented the landlord, Burt E. Fugate.
Laurel Lewis represented the tenant, Schubach Enterprises, Inc., in a 39-month lease of 866 SF at 7150 E. Camelback Rd., Scottsdale, AZ.
Thomas Bean represented the landlord, Alice Avenue, LLC, in a 48-month lease for 1,370 SF at 1110 E. Missouri Ave, Suite 850, Phoenix, AZ. Sue Bentley of Coldwell Banker represented the tenant, Bentley Real Estate Group, Inc.
Rick Foss represented the landlord, Friedman Anthem, LLC, in a 37-month lease for 5,400 SF at 42302 N. Vision Way, Suite 108, Anthem, AZ. Enza Ciolino of DL Jones and Associates represented the tenant, Wyman Plumbing and Mechanical, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6SW, LLC, in a 36-month lease of 1,368 SF at 1949 W. Ray Rd., Chandler, AZ. Lynn Lin of Eclat Real Estate represented the tenant, I Roll Thai Ice Cream, Inc.
Rick Foss represented the landlord, Friedman Anthem, LLC, in a 42-month lease for 1,153 SF at 42302 N. Vision Way, Anthem, AZ.
by Peter Madrid | Jul 20, 2017 | News & Updates
PHOENIX, ARIZONA (July 20, 2017): NAI Horizon Senior Vice President Denise Nunez negotiated the $640,000 sale of a self-storage facility at 603 N. Industrial Dr., in Camp Verde, Ariz.
Nunez represented both the seller and the buyer. Kada LLP of Arizona sold the 20,134-square-foot, 176-unit facility, Anchor Mini Storage, to 603 Industrial Drive LLC, a regional self-storage operator.
“This is a 32-year-old, market-established, mom-and-pop operation that will benefit from a buyer who will make some improvements to the site as well as implement a marketing strategy to include a website presence,” Nunez said.
“Camp Verde is one of those sleeper communities that is turning the corner with new retail planned and infrastructure improvements to support expected growth,” Nunez said.
Anchor Mini Storage sits on 2.38 acres in Camp Verde. Besides the sale of Anchor Mini Storage, the deal included a ground lease with United Parcel Service, Inc.
by Peter Madrid | Jul 13, 2017 | News & Updates
TEMPE, ARIZ. (July 13, 2017) – Fidelity National Title Agency, a national leader in title insurance and real estate services, has hired Mary Schroeder as a Sales Executive.
Schroeder will be responsible for building new relationships within the real estate community with a particular focus on Central Phoenix and the Southeast Valley.
She brings her extensive experience in big-business sales into individualized consulting to help local real estate agents find additional opportunities for success.
“Mary possesses an incredibly comprehensive skill set built over her 20 years in B2B sales,” said Sharon Terhune, Vice President and Residential Sales Manager at Fidelity National Title Agency. “Her professional demeanor and can-do attitude make her a refreshing addition to our team. We’re excited to see the growth she can bring to Fidelity.”
Schroeder graduated from Sacramento State University, earning a degree in business administration with a concentration in marketing. She is active with the Assistance League of Phoenix.
Her past experience is in sales, most recently office supplies at Claridge Products. She was the top sales person at Claridge for four years (2013-2016). Schroder also worked at Scottsdale-based Esselte Corporation and Landiscor Aerial Information.
Schroeder was born and raised in Santa Rosa, Calif. She and her husband Tom have two sons, ages 18 and 17. In her free time, she enjoys painting, refinishing furniture, hiking, skiing, and spending time with her family and friends.
by Peter Madrid | Jul 11, 2017 | News & Updates
PHOENIX, AZ (July 11, 2017) – Bascom Arizona Ventures (Bascom Group) completed the $71.5 million sale of Arcadia Cove Apartments in Phoenix, commanding $165,509 per unit.
Arcadia Cove, built in 1996, is located at 2252 N. 44th St., and comprises 432 units. Bascom Arizona Ventures purchased the property in June 2013 for $40.725 million ($94,270 per unit).
Bascom made a substantial financial investment in renovations at Arcadia Cove. Exterior upgrades were performed on the pools and spas. Misters were added to the pool area, as were barbecue pits, outdoor television monitors, and Wi-Fi connection.
Upgrades featured a fitness room, an Internet café, and a clubhouse with iPads stations. Interior upgrades included two-tone paint, new cabinetry, granite countertops, energy-saving stainless steel appliance packages, modern light fixtures, vinyl plank flooring, and ceilings fans. The amenities brought the community up to modern design.
MEB Management Services has served as Bascom Arizona’s management company for more than 10 years. Arcadia Cove is one of the multifamily projects for which MEB has provided property management.
“The management and leasing team at Arcadia Cove was outstanding,” said Mark Schilling, Senior Vice President of Operations and Principal of MEB Management Services. “Vice President of Operations Dalia Bureker and her team did a great job the past four years providing exemplary property management service.”
The buyer was BH Equities of Des Moines, Iowa. Bascom was represented by Cindy and Brad Cooke of Colliers International.
by Peter Madrid | Jul 10, 2017 | News & Updates
PHOENIX (July 10, 2017) – It was an evening of celebration recently as the NAIOP Arizona Developing Leaders Young Professionals Group (YPG) Mentor Program hosted graduation for the 2016-2017 class at Andaz Scottsdale Resort & Spa.
Mentors and protégés gathered in a private dining room for a reception, presentations, and a dinner. The 15 protégés, grouped into four teams, pitched development proposals on Phoenix Trotting Park, the long-abandoned horse racing track along I-10 and the Loop 303 in Goodyear (1068 N. Cotton Lane).
All the projects focused on an industrial development that included multiple buildings ranging from 100,000 SF to 1 MSF. The teams presented market analysis statistics, architectural site plans, market studies and marketing plans, construction budgets, and exit strategies to the judges.
State 48 took home first-place honors. Team members were Sean Sheppard of Seefried Properties, Serena Wedlich of CBRE, and Joe Charles of JLL.
The I-10 frontage road and surrounding development was a selling point for e-commerce and manufacturing users.
“All four groups presented compelling projects – each with its own take on the best opportunity to meet tenant demand and maximize investor returns,” said Larry Pobuda of Opus Group, NAIOP Arizona Chairman and one of the three judges. “Candace Rosauro and Billy Cundiff did a terrific job in coordinating this year-long program. It was obvious that the mentors provided meaningful guidance while the mentees sunk their teeth into all of the possibilities that this site offers.”
This year’s other two judges were Jim Wentworth Jr. of Wentworth Property Company and Jenna Borcherding of JLL.
“Our goal is to provide the tools and platform for young professionals to go through the development process from start to finish,” said YPG Chair Candace Rosauro of Jokake Construction. “More importantly, it forges bonds with their teammates and mentors they know they can call on throughout their career.”
Applications for the 2017-2018 NAIOP YPG Mentor Program will be available in August. All NAIOP members who are age 35 or under qualify to participate in the Developing Leaders program, whether they joined through the DL membership category or as part of a corporate membership.
