by Peter Madrid | Jul 16, 2024 | News & Updates
PHOENIX, Ariz. (July 16, 2024) – Nicole Cuéllar, General Manager of the Arizona office of construction firm CG Schmidt, has been selected as one of the Most Influential Women in Arizona Business for 2024.
Cuéllar is featured on the cover of the July issue of Az Business magazine, profiled inside the magazine, and will be honored at the corresponding Most Influential Women in Arizona celebration dinner on Thursday, August 22, at Chateau Luxe at 1175 E. Lone Cactus Drive, Phoenix, 85024.
“Based on nominations, women who have been in the news over the past year and recommendations from former Most Influential Women, there were nearly 1,900 women under consideration to be one of the Most Influential Women in Arizona Business for 2024,” says Az Business Publisher Amy Lindsey. “The fact that we are more than a decade into the Most Influential Women program and still have 1,900 women under consideration is a testament to the depth of female leadership we have in Arizona.”
From those 1,900 women, the editorial board of Az Business in conjunction with a panel of 12 judges made up of former Most Influential Women, selected the women who are being honored in 2024.
CG Schmidt opened its Arizona office in 2023. It offers clients a complete range of construction services from planning and development through close-out. The firm is headquartered in Milwaukee, Wisconsin, and led by President Eric Schmidt, CEO & Chairman of the Board Rick Schmidt, and COO Mike Abuls. CG Schmidt is located at 999 E. Playa del North Drive, Suite 110, in Tempe, Arizona.
For more information on the Most Influential Women in Arizona celebration dinner, visit azbigmedia.com.
About CG Schmidt
CG Schmidt, a family-owned company since 1920, CG Schmidt is a leader in quality construction management, general construction and design-build services with offices in Arizona and Wisconsin. The company serves the markets of education, healthcare, senior living, multi-family, corporate, industrial, community and religious facilities. As a fifth-generation firm, CG Schmidt is a respected industry leader. The company has built a reputation for tackling the most complex and recognizable projects to create quality, state-of-the-art buildings in communities across the nation. For more information, please visit www.cgschmidt.com.
About AZ BIG Media
For more than 35 years, AZ Big Media has been bringing readers the state’s most compelling business, real estate and lifestyle news through the print editions of Az Business and AZRE magazines, Ranking Arizona, Az Business Leaders, Experience AZ, People & Projects to Know, Arizona Business Angels and Play Ball, the only official spring training publication of The Cactus League. The company’s news website — azbigmedia.com — serves as a complement to its print publications and incorporates up-to-the-minute breaking news, compelling business stories, C-Level executive editorial profiles and much more. Additionally, AZ Big Media’s social media following is interested and engaged, and provides additional opportunities for news to be read, shared and discussed.
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by Peter Madrid | Jul 16, 2024 | News & Updates
SCOTTSDALE, ARIZONA (July 16, 2024) – Harvard Investments closed on land sales to a homebuilder and multifamily developer who plan to construct single-family residences and build-to-rent units, respectively, in the growing, unincorporated community of San Tan Valley, Arizona. The two sales fetched $15.4 million.
Harvard Investments, a real estate investment and development company, sold 133 guaranteed finished lots on 35.3 acres to Los Angeles-based KB Home for $7.1 million at the NWC of North Gantzel and East Bella Vista roads in the Bella Camino development. The 133 single-home sites are expected to be 45 feet by 115 feet.
According to KB Home, Bella Camino intends to offer great amenities including a park with picnic tables, a grilling station, and a children’s playground. It will offer three- to four-bedroom homes ranging from 1,400 SF to 2,500 SF.
In the second sale, Harvard Investments sold a 21.8-acre parcel to Phoenix-based NexMetro Communities for $8.3 million, also at the NWC of North Gantzel and East Bella Vista roads. The site is zoned for 284 build-to-rent units on the vacant, entitled land located in Pinal County.
NexMetro plans to develop Avila Bella Camino in San Tan Valley. Avila Homes neighborhoods feature single-story, detached homes with open floor plans, 10-foot ceilings, high-end finishings, and private backyards and front porches.
“These two transactions represent Harvard Investments’ sell out of the Bella Camino community,” said Amy Weidman, Vice President of Development for Harvard Communities. “It’s exciting to see the residential parcels sell amid previous land sales for a charter school, church, and retail center. KB Home and NexMetro Communities are in a position to bring much-needed housing to this bustling region of Pinal County. Harvard looks forward to finding new opportunities to develop communities in the bustling San Tan Valley.”
Nate Nathan and Courtney Buck with Scottsdale-based Nathan & Associates Inc., facilitated the deals on behalf of Harvard Investments and the two buyers.
“Nathan & Associates Inc. is thrilled KB Home and NexMetro are joining the community of Bella Camino in the exploding area of SanTan Valley,” Nate Nathan said. “The addition of new employment, schools, churches, and new master plans has made this a blossoming area. “
About Harvard Investments
Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the Western United States. Harvard combines experience, integrity, and financial stability to create high-quality, environmentally sensitive, profitable communities including both large-scale master-planned communities and build-to-rent neighborhoods. Harvard’s Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies celebrated its 121st year of continuous family ownership and operation in 2024. To learn more visit harvardinvestments.com.
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by Peter Madrid | Jul 15, 2024 | News & Updates
PHOENIX, ARIZONA (July 15, 2024) – NAI Horizon facilitated the $1.224 million disposition of an industrial building in the Deer Valley submarket, an asset that sits 9 miles from the Taiwan Semiconductor Manufacturing Company plant in North Phoenix.
NAI Horizon’s Jay Mininberg, J.D., represented the seller, MM2 Myrtle, LLC, of Phoenix, in the disposition of Deer Valley Business Center II, 1745 W. Deer Valley Road, Suite 108, Phoenix. The industrial property totals 4,000 SF.
“It was a highly sought-after asset, The buyer submitted an aggressive offer with like terms,” Mininberg said.
Built in 2005 and renovated in 2022, Deer Valley Business Center II is a two-story owner-user flex warehouse office in the highly sought-after Deer Valley Airpark.
The buyer is an owner-user, J. Charles Hakala and Laurie Marr Hakala, Trustees of the Hakala Living Trust. The buyer was represented by Zak Kottler and Joe Cosgrove with LevRose Commercial.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
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by Peter Madrid | Jul 15, 2024 | News & Updates
SURPRISE, Ariz. (July 15, 2024) – Wespac Construction, Inc. is proud to announce the completion of Surprise Crossings, a state-of-the-art, LEED-certified industrial shell building. This impressive 274,040 SF facility situated on a sprawling 16.23-acre site represents a significant milestone in sustainable construction and innovative industrial design.
The asset is owned and developed by Panattoni Development Co. It was designed by Cawley Architects. JLL is the broker. The project team is proud to bring this distinctive space to the Valley. Surprise Crossings, 13301 N. 137th Ave., showcases advanced features and amenities tailored to meet the evolving needs of modern industrial operations.
“Our team at Wespac Construction is thrilled to deliver Surprise Crossings, a project that shows our commitment to quality, innovation, and sustainability,” said Matt McPherron, Senior Project Manager of Wespac Construction, Inc. “This facility is not only a testament to our industrial experience but also our dedication to building spaces that meet the highest standards of environmental and operational efficiency.”
The building’s structure is made of durable concrete tilt panels, accentuated by an architecturally striking entry corner that combines storefront glass, aluminum composite material (ACM), and corrugated metal panels. The facility is designed for maximum efficiency and flexibility, featuring both ramp-up and grade-level sectional doors to accommodate a variety of operational requirements.
The site infrastructure includes two underground retention systems, each utilizing 10-foot diameter aluminized corrugated metal pipes, ensuring effective stormwater management. The dock area is designed with 8-inch PCCP for enhanced durability, providing ample semi-truck parking. The entire dock area is secured with both automatic and manual rolling gates, offering reliable access control and security.
Additionally, the site is rail spur ready, with three different options designed for rail service to the property to meet various user needs. This flexibility in rail access emphasizes the site’s strategic location for industries relying on efficient transportation.
The interior of Surprise Crossings is equally impressive. The spec suite boasts a welcoming lobby with a soaring 24-foot-high ceiling adorned with elegant wood slats, creating a sophisticated first impression. The suite includes a mix of open and private office spaces, a break room, and a conference room, as well as restrooms that serve both the office and warehouse areas. This thoughtful design ensures a comfortable and productive environment for future tenants.
As a LEED-certified building, Surprise Crossings demonstrates a commitment to sustainability, incorporating energy-efficient systems and environmentally responsible construction practices. This certification underscores Wespac Construction’s ongoing dedication to building a greener future.
About Wespac
Established in 1991, Wespac Construction Inc. is a general contracting and construction management firm, offering pre-construction and construction services in various market sectors. From small tenant improvement projects to large shell and master-planned communities, Wespac is a true partner to our clients throughout the entire project lifecycle. We pursue the art of construction, while contributing knowledge, leadership, passion, and commitment to every employee, client, and project team. Wespac has offices in Phoenix and Flagstaff, Arizona. For more information visit www.wespacaz.com.
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by Peter Madrid | Jul 10, 2024 | News & Updates
PHOENIX, ARIZONA (July 10, 2024) – NAI Horizon professionals facilitated deals totaling more than $15.8 million with the sales of two parcels of land, a medical office building, and an industrial building.
Sales Transactions:
Lane Neville, Cole Neville, Brandon Hall, Whitney Heritage, and Matt Westra negotiated the sale of a 22,500 SF medical building for $7.3 million, representing the seller, Tolis Advisors. The property is located at 655 S. Dobson Road, Chandler, AZ. The buyer, Provider Real Estate Partners, LLC, was self-represented.
Troy Giammarco and Joe Pequeno negotiated the sale of 20.3 acres of industrial land for $7.2 million, representing the seller, 29 Palms RV & Boat Storage, LLC. The property is located at 22611 N. 159th Ave., Surprise, AZ. The buyer, US Storage LLC, was represented by WCI Borders Business Opportunities & Real Estate.
Jeffrey Garza Walker negotiated the sale of 14,000 SF of an industrial building for $1 million, representing the buyer, Superstition Frame and Drywall. The property is located at 425 S. Main St., Coolidge, AZ. The seller, Spillman Koplin, LLC, was self-represented.
Troy Giammarco and Joe Pequeno negotiated the sale of 27,442 SF of land for $315,000 representing the seller, New Impact Ministry. The property is located at 5954 W. Grand Ave., Glendale, AZ. The buyer, Ponderosa Properties of Arizona, LLC was self-represented.
Lease Transactions:
Matt Harper, CCIM represented the landlord, BS Gordon Holdings, LLC in a 120-month retail lease for 3,055 SF at 7280 W. Bell Road, Glendale, AZ. The tenant, Winpin 85 Investments, LLC, was represented by Chuck Wells with Kidder Mathews.
Thomas Bean, CCIM and Laurel Lewis, SIOR represented the landlord in a 51-month office lease for 3,446 SF at 2165 W. Pecos Road, Chandler, AZ. The tenant, BReal Productions, LLC was represented by Schuler/Teeter with CBRE.
Matt Harper, CCIM and Leah Motsinger represented the landlord, Robert and Arlene Thatcher in a 41-month retail lease for 4,050 SF at 5832 W. San Miguel Ave., Glendale, AZ. The tenants, Jesus Guerra and Naid Mera were self-represented.
Matt Harper, CCIM and Leah Motsinger represented the tenant, Meta PC, LLC, in a 38-month lease for 1,800 SF at 110 S Val Vista Drive, Gilbert, AZ. The landlord, Jabbel Holdings, LLC was self-represented.
Thomas Bean, CCIM and Mike Lindeman NAI Corp Services, represented the landlord, Orora Packaging Solutions, in a 7-month office sublease for 12,277 SF at 1900 W. University Drive, Tempe, AZ. The tenant, JA Solar AZ, was represented by Jason Bingham with Distinguished Properties.
Matt Harper, CCIM represented both the landlord, United Group, LLC and tenant, TBA Enterprises-2, LLC, in a 38.5-month retail lease for 1,035 SF at 727 W. Ray Road, Gilbert, AZ.
Matt Harper, CCIM and Leah Motsinger represented the landlord, Carol Investment Corp. in a 37-month retail lease for 986 SF at 4337 W. Indian School Road, Phoenix, AZ. The tenant, J&S Beauty Supply was self-represented.
Matt Harper, CCIM and Leah Motsinger represented the landlord, Robert and Arlene Thatcher in a 12-month retail lease for 650 SF at 5832 W. San Miguel Avenue, Glendale, AZ. The tenant, Petra Lopez was self-represented.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Ruth E. Davies, in a 12-month office lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Strategic Pizza, was self-represented.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
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by Peter Madrid | Jul 8, 2024 | News & Updates
MESA, ARIZ. (July 9, 2024) – EHS Restoration prides itself on being Arizona’s leading water damage, fire damage, natural disaster clean-up, and mold remediation firm. Founded in 2008, it also embraces a dedicated philanthropic mission as a supportive member of the community.
EHS Restoration leadership and employees take part in supporting non-profit and charitable organizations such as the Feed My Starving Children, the Vitalant Blood Donation Drive, Arizona Burn Foundation, Aris Foundation Food Drive, Big Brothers Big Sisters, Special Olympics, Habitat for Humanity, St. Jude’s Children’s Research Hospitals, and Phoenix Children’s Hospitals.
“There are people and organizations in the Valley that need the business community to step and volunteer their time and services,” said EHS Restoration Marketing Manager Abby Vallelonga. “Philanthropy is a big part of our company culture. That culture begins with our leadership and is embraced by the rest of the employees. We are very proud that our commitment to giving back is year-round.”
EHS Restoration teams with its clients to collect food donations. Marketing Manager Abby Vallelonga recently filled her car with donations from 10 local companies.
Vallelonga added that EHS Restoration professionals are currently working with several families who have been devastated by fires to their residences.
“A residential fire is personal, traumatic, and emotional,” Vallelonga said. “It is also very costly. “Our teams do their best to make the restoration process as smooth as possible.”
EHS Restoration philanthropic initiatives:
♦️ Feed My Starving Children: Assisting in packing more than 10,000 meals to help feed families and children all over the world.
♦️ Vitalant Blood Donation Drive: Teaming with RealManage to hold a blood donation drive utilizing the services of Vitalant Blood Donation.
♦️ Arizona Burn Foundation: Aiding the Arizona Burn Foundation team in its efforts to help those affected by burn injuries. As a company that has seen the effects of devastating fires and burns, EHS Restoration supports this organization.
♦️ Aris Foundation Food Drive: Teaming with its clients to collect food donations. Vallelonga recently filled her entire trunk and back seat with donations from 10 local companies.
At the end of July, Vallelonga said EHS Restoration will assist Aris Foundation in hosting a dinner for more than 250 homeless families in Tempe.
Through the organization Packages From Home, EHS Restoration employees will also be packing care baskets/packages for those who are actively deployed in the U.S. military overseas.
“As a veteran-owned business, we are excited for the chance to support this organization,” Vallelonga said.
EHS Restoration, which celebrated its 15th anniversary in 2023, is Arizona’s primary restoration company to partner beyond state lines when natural disasters such as hurricanes and wildfires wreak havoc across the country.
Its highly-trained catastrophe response team jumps into action multiple times each year to provide emergency relief to states including California, Florida, Louisiana, Virginia, Oregon, and Texas when they are exposed to substantial fire, water, storm, and ice damage from natural disasters.
ABOUT EHS RESTORATION
EHS Restoration provides a broad range of repair and restoration services throughout the state, including mold removal, commercial services, cleanup, emergency response, and fire/water damage repair. Veteran-owned and operated, EHS Restoration has been Arizona’s top-rated restoration company for five years running. EHS Restoration partners with numerous local and nationwide charities in addition to performing voluntary, pro-bono work for victims of natural disasters. Fully licensed and insured, EHS Restoration is a fully-certified restorative service provider and a preferred vendor for one of the largest insurance companies in the nation. For more information visit ehsrestoration.com.
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by Peter Madrid | Jul 8, 2024 | News & Updates
TEMPE, ARIZ. (July 8, 2024) ‒ The Greater Phoenix Chapter of IFMA, the world’s largest and most widely recognized international association for facility management professionals, announced board members for 2024-2025 and honored members and member firms at the 2024 Phoenix Rising Excellence Awards & State of the Chapter.
Monisa (MJ) Nagarajan Gomathi
Monisa (MJ) Nagarajan Gomathi, CFM, FMP, SFP, FMG, LEED Green Associate, Facilities Project Manager with Terracon, was elected to her second term as President.
Other board members: Marshall MacFarlane, IFMA Fellow, Immediate Past President; David Ramiez, CFM, APS, Vice President of Professional Development; Stephanie Jones, Allied Universal Security Services, Vice President of Communication and Community; and Bobbi Jo Huskey, Partitions and Accessories, Treasurer/Secretary.
“As I reflect on the past term, I am incredibly proud of our board’s phenomenal work. They organized exceptional events for continuing education, career enhancement, and social networking, playing a crucial role in the chapter’s success,” Gomathi said. “Looking forward to the next term, we have an amazing calendar full of events planned that will provide even more value to our facility management members. Our new board is well-equipped and excited to make all of this possible. As we step into our chapter’s 40th year, I am blessed and humbled to play a part in such a strong association. I am filled with excitement and optimism for what we will achieve together and am ready to lead the chapter with all my best.”
The Phoenix chapter also recognized winners with the 2024 Phoenix Rising Excellence Awards. The event was held last month at the Hilton-Phoenix Airport. Keynote speaker was David Trask, National Director, ARC Facilities. Trask is considered a visionary leader renowned for his insights into the future of facility management and organizational excellence. Award winners included:
♦️ Rising Star of the Year: Sri Nayani Gajji, student, Arizona State University;
♦️ Emerging Leader of the Year: Mridula Potdar, SDB Construction;
♦️ Helping Hand of the Year: Liz Remley, Service Masters by Desert Dry;
♦️ Committee Member of the Year: Lorene Gilbert, Roadrunner Paving & Asphalt;
♦️ Committee of the Year: Arizona Facilities Government Alliance, Chair Dawn Holst;
♦️ Associate Company of the Year: America Roofing, represented by Quinn Fries;
♦️ Professional Company of the Year: APS, represented by Dale Benz;
♦️ Associate Member of the Year: Tiffany Pennington, TEPCON Construction;
♦️ Professional Member of the Year: Jared Spangler, City of Peoria;
♦️ President’s Choice for Special Recognition: Gary Lovgren, City of Phoenix; Hutton Wachlter, IPSA Security Services; Dave Little, KM Facility Services; and Bryce Reynolds.
“The 2024 Phoenix Rising Excellence Awards & State of the Chapter was a remarkable evening of celebration and recognition. The event brought together industry professionals to honor the outstanding achievements of our members and member firms,” Gomathi said. “We celebrated the hard work, dedication, and exceptional contributions of our award winners, whose efforts have significantly enhanced our chapter and the broader facility management community.
“Special thanks go to our programs committee and social events committee, whose tireless efforts made these events possible. The Phoenix Rising event not only highlighted individual and organizational successes but also demonstrated the vibrant and supportive community we have built together.”
Keynote speaker David Trask (left) with Marshall MacFarlane, IFMA Fellow and Immediate Past President.
About IFMA
Founded in 1980, IFMA is the world’s largest and most widely recognized international association for facility management professionals, supporting more than 24,000 members in 105 countries. The association’s members, represented in 134 chapters and 17 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services. IFMA certifies facility managers, conducts research, provides educational programs and produces World Workplace, the world’s largest facility management conference and exposition.
The Greater Phoenix Chapter of IFMA, formed in 1985, is one of the top association chapters in the world and winner of IFMA’s Large Chapter of the Year in 2012. It is dedicated to continuously improving the facility management profession by providing relevant educational and networking opportunities for its membership while supporting the community as a whole. For more information about the Phoenix chapter ifmaphoenix.org.
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by Peter Madrid | Jul 8, 2024 | News & Updates
PHOENIX, ARIZONA (July 8, 2024) – NAI Horizon, on behalf of USA Pickleball, successfully facilitated a new warehouse lease in Tempe, Arizona.
This strategic move comes in response to the national governing body’s significant growth in tournament operations and efforts to better support its expanding community and members.
The newly leased warehouse will serve as a central hub for storing tournament equipment and USA Pickleball Serves, the charitable arm of USA Pickleball, community impact support items. This facility will enhance the governing body’s ability to efficiently manage and distribute tournament resources, ensuring seamless support for the increasing number of tournaments and charitable impact nationwide.
“We are thrilled to assist the USA Pickleball Association in finding a warehouse that meets their growing needs,” said NAI Horizon Associate Whitney Heritage. “This lease represents a critical step in supporting their continued expansion of the sport.”
The landlord, Fifth Street Commerce Center, LLC, was represented by Cory Breinholdt with Commercial Properties Inc.
For more information, contact Whitney Heritage at whitney.heritage@naihorizon.com
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
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by Peter Madrid | Jul 3, 2024 | News & Updates
PHOENIX, ARIZONA (July 2, 2024) – NAI Horizon facilitated the $4.58 million sale of Serrano’s Mexican Restaurant located at 141 S. Arizona Ave., in Downtown Chandler, Arizona. The restaurant totals 13,250 SF; the sale fetched $346 per SF.
NAI Horizon Executive Vice President Lane Neville, Senior Associate Cole Neville, and Associates Matt Westra, Whitney Heritage and Brandon Hall represented the seller, Serrano Family Limited Partnership from Chandler.
“This flagship family restaurant location opened in 1979 in Downtown Chandler and flourished for 45 years, it was truly our honor to be part of the sale of such an iconic restaurant,” Lane Neville said. “Based on the superb location and abundant buyer interest, we utilized our proprietary competitive bid sale process to generate the best price for our client.”
The buyer, JAM Management LLC, also based in Chandler, was represented by Peter Sciacca of Launch Powered by Compass.
“It is with mixed emotions – but surely pride – that we announce the sale of the property and the closing of our Chandler restaurant location that our parents, Ernie and Eva, founded,” said Serrano’s General Partner Ric Serrano. “We happily still operate our three other Serrano’s restaurants, two in Mesa and one in Queen Creek. Also, we continue to operate our Pronto location in Tempe.
“Operating the business has been a family affair, our goal has always been to honor our parents’ vision, we all feel very satisfied that we accomplished that. Our family has been involved in business in Chandler for 105 years with our original venture starting in 1919 with Serrano Brothers Popular Store, a department store that operated for 60 years.
“We take lots of pride in our deep and longstanding relationships in the Chandler community and wish the very best to our buyer that is pursuing their own Mexican restaurant concept on site. We will be there to support them, to keep the tradition alive,” Serrano said.
Serrano’s Mexican Restaurant is located adjacent to Chandler City Hall in the heart of Downtown Chandler, on the east side of Arizona Avenue, immediately south of Boston Street.
For additional information on the NAI competitive bid sale process, contact Lane Neville at lane.neville@naihorizon.com.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
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by Peter Madrid | Jul 2, 2024 | News & Updates
PHOENIX, Ariz. — Wespac Construction, Inc. proudly announces that the Rio Yards office shell building has been awarded LEED Silver Certification by the USGBC. This recognition highlights our commitment to sustainable building practices and creating high-performance, environmentally friendly spaces.
Located within the technology-focused Novus Innovation Corridor in Tempe, Arizona, Rio Yards, 1337 E. Rio Salado Parkway, is a three-story, 157,000 SF office building with key sustainability features. They include:
♦️ Building orientation and landscaping: Rio Yards’ orientation and native landscaping elements enhance the connection to outdoor spaces, featuring trees along pedestrian corridors, landscape buffers, and various seating options. These features create a welcoming environment and promote low water-use plant material, saving thousands of gallons of water annually.
♦️ High-performance building strategies: The building systems are designed to be environmentally responsible, avoiding the use of chlorofluorocarbon (CFC) based refrigerants.
♦️ Transportation accessibility: Rio Yards promotes alternative transportation methods through its proximity to bus and rail routes, secure on-site bike storage, and electric vehicle charging stations.
♦️ Cool roof strategies: To minimize the urban heat island effect, cool roof strategies have been incorporated, contributing to a more comfortable and sustainable urban microclimate.
♦️ Premium materials: The project utilized premium materials with Environmental Product Declarations (EPDs), ensuring compliance with current sustainability standards.
♦️ Lighting and rainwater management: All exterior lighting meets dark sky requirements, reducing light pollution, while 90 percent of rainwater is managed onsite, further emphasizing the building’s sustainable design.
“Achieving LEED Silver Certification for Rio Yards is a significant milestone for Wespac Construction Inc. and a testament to our dedication to sustainable construction,” said Glenn Leier, Principal/Vice President at Wespac Construction, Inc. “This award highlights our efforts to not only build a cutting-edge office space but also to prioritize environmental responsibility in every aspect of the project.”
The certification of this project was a collaborative effort. Wespac Construction Inc., extends its appreciation to all partners involved. Key contributors include RSP Architects, Wentworth Property Management, and LEED Consultant – GreenIdeas.
The interior of Rio Yards, 1337 E. Rio Salado Parkway, in Tempe, Arizona.
About Wespac
Established in 1991, Wespac Construction Inc. is a general contracting and construction management firm, offering pre-construction and construction services in various market sectors. From small tenant improvement projects to large shell and master-planned communities, Wespac is a true partner to our clients throughout the entire project lifecycle. We pursue the art of construction, while contributing knowledge, leadership, passion, and commitment to every employee, client, and project team. Wespac has offices in Phoenix and Flagstaff, Arizona. For more information visit www.wespacaz.com.
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