by Peter Madrid | Jun 15, 2017 | News & Updates
PHOENIX, ARIZONA (June 15, 2017) – NAI Horizon is pleased to announce that Matt Harper, CCIM, has joined the company as an Associate in the Retail Properties Group.
Harper’s primary areas of focus will be retail leasing and sales. He will continue working with his existing clients, representing both landlords and tenants. With its global platform, NAI gives Harper the ability to help his clients with needs both inside and outside Metro Phoenix.
Harper joins NAI Horizon after three years at Phoenix West Commercial where he focused primarily on retail.
Matt Harper
He also negotiated land, office, and industrial deals. Harper previously worked at West USA Premier Properties from 2007-2010.
“I am very excited about adding Matt to our team”, said Terry Martin-Denning, President and CEO of NAI Horizon. “His work ethic, energy, and client-focused, collaborative nature are a perfect fit for our firm.”
Harper holds the prestigious designation of Certified Commercial Investment Member (CCIM). He is a member of the National Association of Realtors and earned his Arizona State Real Estate license in 2007.
A native of Flagstaff, Ariz., Harper is a graduate of Northern Arizona University. He earned both a bachelor’s degree (criminal justice and sociology) and a master’s degree (school counseling). Harper spent time overseas working for the U.S. Department of Defense as a school guidance counselor in Japan and South Korea.
Harper was a hockey player and has been officiating the sport for more than 15 years. He is a member of USA Hockey.
by Peter Madrid | Jun 8, 2017 | News & Updates
PHOENIX, ARIZONA (June 8, 2017): NAI Horizon Senior Vice President Rick Foss represented the seller and the buyer in the $965,000 industrial property acquisition at 5230 S. 39th St., in Phoenix.
The seller was DJA Fiorano Holdings, LLC of Scottsdale, Ariz. The buyer was McDowell Sonoran Holdings, LLC.
“The buyer, Stone Tool Supply, intends to occupy the property once renovations are completed,” Foss said. “The facility will be utilized as the showroom/will call of their products as well as their operations and product distribution center.”
The buyer of the 10,054-square-foot property is a tool wholesaler. The seller is the owner of the Russo and Steele Auto Auction. The freestanding building features a 7,300 SF warehouse and 2,700 SF office. It has 16-foot clear ceiling height and a 21,630 SF lot that is fenced and secured.
by Peter Madrid | Jun 5, 2017 | News & Updates
TEMPE, ARIZ. (June 5, 2017) – Dena M. Jones has been promoted to Director of Strategic Partnerships, Assistant Vice President at Fidelity National Title Agency, a national leader in title insurance and real estate services.
Jones, who celebrates her third anniversary at Fidelity National Title in October, will be responsible for strengthening the company’s relationship within the real estate community, maximizing opportunities for its largest partnerships, and growing Fidelity’s footprint through leadership, philanthropic initiatives, and community involvement.
She will work with Sharon J. Terhune, Vice President, Residential Sales Manager, and the sales team to drive sales, increase market share, and add value. Jones previously served as Assistant Vice President, Sales Executive.
“Dena is a leader in the industry. We are thrilled to have her in this new role,” Terhune said. “She will help our company and our partners in her new position achieve revenue, retention, and growth goals.”
“Our executive team believes that having Dena on board truly makes our company better. I love Dena’s energy, keen business sense and dynamic personality along with her caring nature for her colleagues and clients,” Terhune said.
Jones is active in numerous industry groups. She is on the Board of Directors for Valley Partnership, a commercial real estate industry group that represents the development community. She is also involved with the SouthEast Valley Association of REALTORS (SEVRAR), the Phoenix Association of REALTORS (PAR), the Scottsdale Arizona Association of REALTORS (SAAR), and the Arizona Real Estate Investors Association (AZREIA).
She is on the Board of Directors for the Care Fund. Launched in 2010 by the “homeownership industry,” the Apollo Foundation, dba Care Fund, is a critical part of Arizona’s family support network. It works with hospitals, case workers, and the health and welfare communities. Jones has served in a leadership capacity with the Care Fund for three years.
Jones is Valley Partnership’s Board of Directors liaison for its community project, which is the legacy arm of the organization. She has been involved with leadership on the community project for six years. More than $1.2 million has been raised for the community project during her leadership role at Valley Partnership. She is also involved with the Scottsdale Active 20/30 Club, which sponsors Brokers for Kids, Agents Benefiting Children, and NiteFlite. All are fundraisers.
Jones has been in the real estate industry for more than 13 years as a third-generation real estate professional. She majored in journalism at Arizona State University.
A native of Phoenix, Jones is co-authoring a cookbook titled “To Taste” with her mother.
by Peter Madrid | Jun 5, 2017 | News & Updates
PHOENIX, ARIZONA (June 5, 2017): NAI Horizon Senior Vice President Denise Nunez represented the buyer in the $2.775 million investment property acquisition
of Tucson Self Storage at 6459 E. Golf Links Rd., in Tucson, Ariz.
Nunez represented Western Tucson LLC in the transaction. Built in 1976, the property sits on 2.53 acres and totals 47,400 net rentable square feet ($58.54/SF). There are 584 units ranging in size from 5×5 to 10×30. Tucson Self Storage has 60 feet of frontage road on Golf Links Road with a traffic count of 46,000 vehicles daily.
“This is the deal that so many are looking for in a market environment where self-storage acquisition opportunities in Arizona are very thin,” Nunez said. “The property is well built and well located on a heavily-traveled street.
“With some physical and operational updates the buyer expects to quickly capitalize on an under-performing property. The property was sold at a 6.1 cap rate based on 39 percent economic vacancy,” Nunez said.
The seller was T/F Limited Partnership, LLLP.
by Peter Madrid | Jun 1, 2017 | News & Updates
PHOENIX, ARIZONA (June 1, 2017): NAI Horizon Senior Vice President Isy Sonabend negotiated the $1.53 million sale of an industrial building at 639 S. 54th Ave., in Phoenix.
NAI Horizon represented the seller and the buyer in the acquisition of the 11,250-square-foot building located in an industrial subdivision.
The property sits on 2.14 acres. The buyer, EGV Associates of Ontario, Calif., dba AMREP, Inc., is a fabricator of waste collection trucks and mechanisms. Its clients include the City of Phoenix and Waste Management. The seller is Adam Garcia Properties, LLC, of Phoenix.
“Phoenix represents a growth market for AMREP,” Sonabend said. “Increased sales to its client base in Arizona and surrounding states prompted the capital investment for the launching of a fabrication plant and service center.”
The property was built in 2004. It features warehouse clear ceiling height of 20 feet serviced by three drive-in, grade-level doors. The site is secured with a block wall and provides ample trailer parking and outside storage. It is located south of Interstate 10 and 51st Avenue.
by Peter Madrid | May 30, 2017 | News & Updates
PHOENIX, Ariz. (May 30, 2017) – The American Dream is changing to embody new technologies and desire for different living options.
How are homes of the future being transformed through innovation, including non-traditional options for changing demographics and markets? This and other questions will be answered at its next Main Program as ULI Arizona explores new tactics developers and builders are employing to streamline delivery efficiencies, and ways to capitalize on niche housing markets as unique opportunities.
Housing Our Future: Building For Innovation is scheduled for June 8 from 7:30 a.m. to 9:30 a.m. at The Esplanade Conference Center, 2501 E. Camelback Rd., Suite 50, Phoenix.
Moderating the event will be Tim Sullivan, Managing Principal, Meyers Research. Panelists include Mike Rock, President, Katerra Construction; Scott Root, Director of Virtual Construction, Kitchell; and Brian Stark, Co-Founder, STARKJAMES.
To register, visit arizona.uli.org/event/main-program-housing-our-future/
by Peter Madrid | May 30, 2017 | News & Updates
TEMPE, ARIZ. (May 30, 2017) – Fidelity National Title Agency is proud to announce that Leo Sanchez, Assistant Vice President, Commercial Sales Executive/Major Accounts, successfully completed the prestigious Arizona State University W.P. Carey School of Business Master of Real Estate Development Program.
Leo Sanchez
Sanchez, who has been with Fidelity Title for two years, is responsible for maintaining client relationships, account management, and business development for major accounts in the commercial real estate sector across all asset classes.
In addition to his recently-earned MRED degree, Sanchez also holds an MBA with a concentration in finance from the Keller Graduate School of Management.
“Leo is incredible at building relationships and connecting dots for his clients,” said Diane Day, Senior Vice President | Operations Manager at Fidelity National Title. “His customers deeply appreciate his passion for being a valued partner and we love that he relentlessly stays current and educated on industry trends in the commercial market.”
A native of El Paso, Texas, Sanchez is active in several industry organizations and serves on committees for ULI Arizona and NAIOP Arizona. He is also a member of Valley Partnership. Sanchez has lived in the Valley 17 years. He and his wife, Maricela, volunteer with various nonprofits, working with organizations that serve underprivileged children.
The nine-month MRED program prepares participants to lead real development projects that are environmentally respectful, socially responsible, and artfully designed. It is a transdisciplinary partnership between four highly regarded schools within ASU: The W. P. Carey School of Business; the Sandra Day O’Connor College of Law; the Herberger Institute for Design and the Arts; and the Del E. Webb School of Construction.
by Peter Madrid | May 25, 2017 | News & Updates
Sale Transactions:
Mark Wilcke negotiated the sale of a 15,097 SF industrial property, representing the buyer, Executive Investment, LLC, for $1.786 million. The property is located at 4148 W. Venus Way, Chandler, AZ. Kent Hanson of Cushman & Wakefield represented the seller, Tice Family, LLC.
Jeff Adams negotiated the sale of a 2,608 SF office property, representing the buyer, WM Symposia, Inc., for $417,280. The property is located at 2152 S. Vineyard, Suite 102, Mesa, AZ. Tim Tapia of Upland Group represented the seller, TSIT Holdings, LLC.
Rick Foss negotiated the sale of a 2,200 SF industrial property, representing the seller, Danny L. Miller, for $190,000. The property is located at 2434 S. 17th Place, Phoenix, AZ. Raymond Brown of Person to Person Realty represented the buyer, Ruben B. Solares and Mana T. Solares.
Lease Transactions:
Tyler Smith represented the tenant, Landmark Title Assurance Agency of Arizona, LLC, in a 78-month office lease for 5,105 SF at 2555 E. Camelback Road, Phoenix, AZ. Patrick Boyle of CBRE represented the landlord, Esplanade Owner L.P.
Tyler Smith represented the landlord, Pacifica Palm Valley Center, L.P., in a 63-month office lease for 5,473 SF at 1626 N. Litchfield Road, Goodyear, AZ. Jason Moore of JLL represented the tenant, Jensen Hughes, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, The Market at Estrella Falls, LLC, in a 120-month retail lease for 2,500 SF at 1981 N. Pebble Creek Pkwy, Goodyear, AZ. Rich Andrus of Menlo Group Commercial Real Estate represented the tenant, ProSmiles Orthodontics, PLLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 60-month retail lease for 1,950 SF at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ.
Sharon Reeves represented the tenant, Renew Sleep Solutions, Inc., in a 63-month office-medical lease for 2,309 SF at 5422 W. Thunderbird Rd., Glendale, AZ. Michelle Rae of Healthcare Management of America represented the landlord, HTA-Thunderbird Medical, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, The Irving O. and Esther S. Kozinets Revocable Trust, in a 62-month retail lease for 1,400 SF at 1800 E. Apache Blvd., Tempe, AZ.
Laurel Lewis represented the tenant, Crossroads, Inc., in a 39-month office lease for 6,200 SF at 1700 E. Thomas Road, Phoenix, AZ. Alexandra Loye of Avison Young represented the landlord, B&B Thomas Road Properties, LLC.
Jeff Adams represented the tenant, Solar Traffic Controls, LLC, in a 37.5-month industrial lease for 4,800 SF at 1155 W. 23rd St., Tempe, AZ. Rod Crotty & Franklin Connell of Cutler Commercial represented the landlord, (Gary) Zimmerman Properties, LLC.
Jeff Adams represented the tenant, Schetky Northwest Sales, Inc., in a 37-month industrial lease for 4,853 SF at 407 S. 107th Ave., Tolleson, AZ. John Cohn of CBRE represented the landlord, EJM Oxnard Commerceplex, LLC.
by Peter Madrid | May 18, 2017 | News & Updates
PHOENIX, ARIZONA (May 18, 2017) – NAI Horizon Senior Vice President Mark Wilcke represented the buyer in a $1.786 million acquisition of a 15,097-square foot industrial building at 4148 W. Venus Way at Stellar Airpark in Chandler, Ariz.
Wilcke represented Executive Investment, LLC, dba East Valley Precision of Gilbert, Ariz. The free-standing industrial building will be utilized as a manufacturing machine shop.
East Valley Precision is an Arizona-based company that specializes in computer numerical control milling, turning and surface grinding; waterjet cutting; and a variety of other services. It specializes at machining aluminum, stainless steel, CPM 15V tool steel, titanium, plastics, and a variety of other materials.
“East Valley Precision is in expansion mode and this property will allow for that growth,” Wilcke said. “Available free-standing industrial buildings with yard area in the East Valley are getting more and more difficult to find. The demand is there and the supply is limited.”
4148 W. Venus Way was built in 1998 and features a 2,566 SF office, clear height of 16 feet, 100 percent air-conditioned space, grade-level loading, full power, a fenced yard, and taxiway access.
The seller, Tice Family, LLC, of South Lyon, Mich., was represented by Kent Hanson of Cushman & Wakefield.
by Peter Madrid | May 16, 2017 | News & Updates
PHOENIX, Ariz. (May 16, 2017) – W&W Structural, Inc., a woman-owned structural steel subcontractor, has added a vice president of operations and project manager to its growing team in its Tempe, Ariz., office.
President/Owner Jodi Malenfant announced the hiring of Les McCauley as vice president of operations and Beth Ehrhardt as project manager.
Les McCauley
McCauley joins W&W Structural after a stint of 16 years at Agate Steel. A native of Walla Walla, Wash., McCauley will assist, direct, and coordinate all aspects of operations to improve performance, productivity, efficiency, and company profitability.
McCauley moved to Phoenix in 1984 and began a career as a structural steel laborer. Over the next 33 years he worked as a welder, fitter, equipment operator, shop foreman, project manager, and general manager.
“Les possesses a wealth of experience and industry knowledge that makes him a key addition to the W&W Structural family,” Malenfant said. “We are fortunate to add Beth as project manager. As the construction and commercial real estate industries continue to grow again we’re thrilled to see our company grow as well.”
Beth Ehrhardt
Ehrhardt, a native of Chicago who was raised in Miami, Fla., joins W&W from Schuff Steel, where she spent 15 years as a project manager. Her work experience includes stints at Dick Corporation of Puerto Rico and Kiewit.
