by Peter Madrid | May 29, 2024 | News & Updates
PHOENIX, ARIZONA (May 29, 2024) – Tony Machabee, CCIM, has joined the Nunez Self Storage Group, a National Self Storage Brokerage Team working under the NAI Global brand, with team members located in key states including California, Nevada, Colorado, Arizona and Florida.
Machabee is a Senior Director with NAI Alliance, which he joined in 2021. Machabee specializes in industrial and self-storage properties. He represents owners and users in the acquisition, leasing, and disposition of properties throughout the Nevada area. His commercial real estate experience includes an extensive background in leasing and sales.
Machabee is a Certified Commercial Investment Member (CCIM), executing his skills in developing opportunities for his clients in Northern Nevada. He has significant experience in analyzing investment opportunities and furnishing guidance for commercial real estate clients while managing the sales and leasing process for professional seamless transactions.
“Tony is a significant addition to the team and will allow the group the ability to source opportunities within the Nevada market providing our trusted expert insight and advice that our clients, both existing and new, rely upon,” said NAI Horizon Principal Denise Nunez.
Prior to joining NAI Alliance, Machabee was an Associate at Cushman & Wakefield. Before he began his career in commercial real estate, he served in the U.S. Air Force
for more than 30 years as a C-130 pilot and commander. He retired in 2023 at the rank of Colonel from the Air Force Reserves as the Senior Director for FEMA Region IX, where he held a top-secret security clearance.
Prior to his military service, Machabee served as the vice president of a locally owned office equipment dealership. He grew up in Reno, Nevada, and attended the Embry-Riddle Aeronautical University in Prescott, Arizona. He earned a Bachelor of Science in aerospace engineering in 1992. He earned his real estate license in 2019.
Away from the office, Machabee enjoys spending time with his wife and children, taking part in the many outdoor activities that the West Coast has to offer.
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 | May 20, 2024 | News & Updates
MESA, ARIZ. (May 20, 2024) – Following the success of its initial two ventures, Arizona-based Streamline Capital Group is raising $15 million for its latest undertaking, Streamline Investment Group III (SIG III).
This fund will acquire four to six Class B office properties, leveraging the proven Streamline Process to offer passive investment avenues for individuals and entities keen on real estate assets without the day-to-day operational hassles.
Highlights of SIG III: Investment type, multi-property fund; fund size, $15 million, 300 units available; fundraising deadline, December 31; minimum investment, $50,000; maximum investment, $2,812,500; targeted internal rate of return (IRR), 15 percent; and investor type, accredited investors only.
“The Streamline Investment Group III portfolio will encompass a diverse array of assets demonstrating robust growth, potential, and stability to optimize returns while mitigating risks. These assets will be selected based on rigorous analysis and due diligence to align with the investment strategy and objectives,” said David Hrizak, CEO of The Streamline Companies.
Recognizing the varying financial goals and risk appetites of investors, Streamline has set a minimum investment threshold of $50,000, enabling investors to tailor their participation to individual needs, Hrizak added.
“In the wake of the pandemic-induced challenges faced by Class A office spaces, Class B properties situated in suburban locations have thrived, thanks to their smaller footprints and suite dimensions, appealing to companies looking to rationalize operations, accommodate flexible work arrangements and cut costs,” Hrizak said. “Recognizing this trend, Streamline is committed to selectively acquiring, improving, and managing these coveted office properties that house the small businesses and service professionals of our communities.”
Streamline Capital Group has already made waves in the Arizona market with the acquisition of a two-building complex totaling 38,000 SF, rebranded as The Grand on 44th, in the Arcadia Lite neighborhood. The property underwent nearly $1 million in renovations to modernize the facility and convert vacant spaces into ready-to-move-in suites, sparking interest in the asset.
Streamline Capital Group also acquired an 18,500 SF office building on Power Road in Mesa that was 93 percent occupied at the time of purchase, rebranding as Twelve 34 South Power. The building is primarily occupied by medical and professional tenants.
“In the dynamic realm of commercial real estate, transformation portends success. The Streamline Companies epitomize this ethos through our Streamline process: acquiring and rebranding properties, executing capital enhancements, and refining property management,” Hrizak said.
As a vertically integrated operation, The Streamline Companies oversees all facets of this process through Streamline Capital Group, Streamline Development, and Streamline Asset Management.
For more information about investment opportunities, contact Streamline Capital Group here.
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Streamline Capital Group also acquired an 18,500 SF office building on Power Road in Mesa that was 93 percent occupied at the time of purchase, rebranding as Twelve 34 South Power.
by Peter Madrid | May 15, 2024 | News & Updates
MESA, ARIZ. (May 15, 2024) – EHS Restoration, Arizona’s leading water damage, fire damage, natural disaster clean up, and mold remediation firm, is proud to announce the hiring of Kendra Vadnal as Business Development Specialist.
Vadnal will be responsible for establishing relationships with clients, onboarding of new clients, business-to-business sales, and marketing. She possesses more than 7 years of experience in customer service roles.
“Kendra is part of the driving force behind our company’s expansion and success. Her strategic vision, tireless dedication, and passion for fostering new opportunities make her an amazing asset to our team,” said EHS President Keith Pomonis.
A native of Texas, Vadnal was raised in California and Arizona. She studied communications at Ottawa University Arizona in Peoria. Away from the office, Vadnal enjoys spending time with her three dogs and three cats, enjoys the outdoors going on walks, and is an avid reader. She was a competitive gymnast for almost 10 years.
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.
Founded in 2008, EHS Restoration embraces a dedicated philanthropic mission as a supportive member of the community. The company as a whole takes part in supporting non-profit and charitable organizations such as the Special Olympics, Habitat for Humanity, St. Jude’s Children’s Research Hospitals, Phoenix Children’s Hospitals, and the Arizona Burn Foundation
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 | May 13, 2024 | News & Updates
PHOENIX, ARIZ. (May 13, 2024) – NAI Horizon represented the buyer, a worldwide leader in packaging wood design and manufacturing, in the $4.7 million acquisition of an industrial building in Goodyear, Arizona.
NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, represented Packing Solutions for Any Product (PSAP), in acquiring a 12,052 SF industrial building at 2760 S. La Luna in Goodyear.
“This is another great opportunity to be a purposeful partner in bringing a company from Mexico to locate operations in Arizona,” Garza Walker said. “It is the largest packaging wood provider in Mexico and Latin America.”
Headquartered in Guadalajara, Mexico, PSAP operates 13 manufacturing facilities throughout Mexico and the U.S.
The asset was built in 2022. The free-standing general industrial office/warehouse is located in the Goodyear Airport Manufacturing Corridor. The single-story building is located in one of the city’s three prime manufacturing corridors.
Positioned in the heart of the West Valley, 2760 S. La Luna is less than a one-day truck turn from the Inland Empire of California and is easily accessible from several nearby freeways including Interstate 10, Loop 101, 202, and 303; as well as MC-85.
The property is located in one of Goodyear’s Foreign Trade Zone (FTZ), an area designated to facilitate and encourage international commerce with opportunities to reduce operational costs such as property tax savings and reduced fees/streamlined procedures when specific qualifications are met.
The seller, A1 Desert Investments, LLC, of Waddell, Arizona, was represented by Chris Toci with Cushman & Wakefield.
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 | May 10, 2024 | News & Updates
Tom Kaufman to lead the firm’s Denver office and Logan Embry is leading the firm’s capital services New York operations.
Scottsdale, Ariz. (May 9, 2024) – Scottsdale-based Land Advisors Organization announces two major expansions. The firm’s land brokerage team recently expanded its services into the Metro Denver market and its Capital Services Team has expanded to New York City.
The Denver office, which will be led by real estate veteran Tom Kaufman, is located at 4600 S. Syracuse St., 9th floor in Denver. Additionally, the firm’s subsidiary Land Advisors Capital is expanding its capital advisory services into New York City with the addition of Logan Embry who will lead the firm’s newest east coast office, located at 300 Park Avenue, Suite 227 in New York.
Tom Kaufman
Kaufman, who previously worked with Land Advisors Organization over a decade ago, is known for his expertise in raw land, land planning, land management, subdivision management, and land brokerage acumen throughout Metro Denver and across the Front Range. As an Advisor in the market, he will advise landowners and purchasers of land parcels. Kaufman brings extensive experience working with parties on the sale and purchase of vacant land parcels, large-scale developments and provides valuable insight into site selection, real estate planning and the various issues faced by the homebuilding industry, developers and investors in the market.
“The Denver market’s consistent growth and our relationships with many builders looking to expand their presence there are behind our decision to re-establish our presence in Colorado,” said Greg Vogel, CEO of Land Advisors Organization. “Tom’s background and knowledge of the market set him apart, making him an exceptional advisor to landowners and developers, and allow us to provide significant opportunities to both local and national builders and developers expanding in the region.”
Active within the real estate and homebuilding industries, Kaufman is involved with the Homebuilders Association (HBA) of Metro Denver, serving on the HBA’s Metro Housing Coalition committee. Additionally, he is involved with the Urban Land Institute (ULI), serving on ULI’s Growth Outreach Committee. He is also a member of the International Council of Shopping Centers (ICSC), the National Association of Industrial and Office Parks (NAIOP). In the community, Kaufman dedicates his free time to several causes that benefit children, veterans and pets.
Embry has joined Land Advisors Capital as a Director of Capital Markets. She brings extensive experience in developing and managing capital relationships. For more than a decade Embry has specialized in investment advisory and equity placement services, facilitating over $6B commercial capital markets investments at JLL Capital Markets and HFF.
“Having a presence in New York, the nation’s financial hub, has long been a goal for Land Advisors and Land Advisors Capital,” said Greg Vogel, Founder and CEO of Land Advisors Organization. “With Logan Embry on the ground in New York, our Capital team will be able to facilitate creative investment strategies and provide more opportunities for the capital markets to invest in the development of communities across the country. This is another step forward in enhancing LAC’s ability to provide more ways to generate returns for real estate and development investors.”
A graduate of Yale University, Embry has been active with the Urban Land Institute (ULI) throughout her career, currently serving as vice chair of the Small-Scale Development Council and previously serving as the co-chair of ULI Seattle Capital Markets Council. Additionally, Embry has earned recognition as a CoStar Power Broker for her involvement in major deals.
Land Advisors Capital has provided access to capital market financing for homebuilders and residential land developers since the last downturn in 2008.
The firm’s capital services combine data-driven market analytics with an in-depth financial analysis and risk assessment of builders and developers. The capital team also prepares introductions to capital market financing opportunities with a comprehensive pitch deck, pro forma, sales and cost tracking, as well as deal negotiation and long-term relationship management services. For capital partners, the firm provides unique access to qualified niche builders and developers who offer diverse, risk-adjusted investment opportunities with an alignment of investment goals.
About Land Advisors Capital
Land Advisors Capital, a subsidiary of Land Advisors Organization, has been providing access to capital market financing for homebuilders and residential land developers since the last downturn in 2008. The firm’s capital services combine data-driven market analytics with an in-depth financial analysis and risk assessment of builders and developers. The capital team also prepares introductions to capital market financing opportunities with a comprehensive pitch deck, pro forma, sales and cost tracking, as well as deal negotiation and long-term relationship management services. For capital partners, the firm provides unique access to qualified niche builders and developers who offer diverse, risk-adjusted investment opportunities with an alignment of investment goals. Land Advisors Capital based in Austin, Texas and has operations in California, Georgia, New York, and Arizona, providing capital advisory services for clients across the nation.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Greensville, South Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Denver, Colorado; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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by Peter Madrid | May 9, 2024 | News & Updates
PHOENIX, ARIZONA (May 9, 2024) – NAI Horizon Managing Director and retail expert Matt Harper, CCIM, helped facilitate 20 retail deals in recent transactions closed by NAI Horizon professionals. On the sales side, NAI Horizon represented the buyer in the $9.5 million acquisition of an industrial building in Peoria, Arizona.
Sales Transactions:
Jeffrey Garza Walker negotiated the sale of 198,304 SF of an industrial building for $9.5 million, representing the buyer, Glez C Properties, LLC. The property is located at 10857 N 95th Ave., in Peoria. The seller, Chris Finn, was self-represented.
Lease Transactions:
Thomas Bean, CCIM and Matt Harper, CCIM represented the landlord, Achuldjian, LLC in a 63-month office lease for 5,152 SF at 4616 N 51st Ave., Phoenix, AZ. The tenant, Success on the Spectrum, was represented by James Robinson/Chase McAteer with Avocat Group/Oxford.
Matt Harper, CCIM represented the landlord, BS Gordon Holdings, LLC in a 60-month retail lease for 2,500 SF at 7280 W. Bell Road, Glendale, AZ. The tenant, Yogi’s Grill was represented by Darrell DeShaw with Western Retail.
Matt Harper, CCIM and Leah Motsinger represented the landlord, Mesa Plaza, LLC, in a 62-month retail lease for 3,072 SF at 753-765 S. Alma School Road, Mesa, AZ. The tenant, Llantera El Maripeno was self-represented.
Thomas Smith represented the tenant, Providence Orthodox Presbyterian, in a 39-month office lease for 9,850 SF at 7575 E Redfield Road, Scottsdale, AZ. The landlord, 7575 Redfield Partners, LLC, was represented by Chad Kirkorsky with Citywide Commercial.
Matt Harper, CCIM and Leah Motsinger represented the landlord in a 60-month retail lease for 2,400 SF at 7217 E. Shea Blvd., Scottsdale, AZ. The tenant, Those Callaways Real Estate, LLC, was represented by Katelynn Coleman with EXP Realty, LLC.
Troy Giammarco and Joe Pequeno represented the landlord, F&R 7th Ave Properties in a 64-month industrial lease for 1.3 AC at 4124 N 6th Drive, Phoenix, AZ. The tenant, Select Asset Recovery Group, LLC was represented by Chad Ackerly with CPI.
Laurel Lewis, SIOR and Dylan Whitwer represented both the landlord, Cloverssen, LLC and tenant, UKI, in a 38-month office lease for 4,051 SF at 10031 E. Dynamite Blvd., Scottsdale, AZ.
Matt Harper, CCIM represented the tenant, Palmerosa Enterprises, Inc. in a 36-month industrial lease for 5,780 SF at 4901W. Van Buren, Phoenix, AZ. The landlord, AZ Tiger Industrial (DE), LLC, was represented by Foster Bundy with Cushman & Wakefield.
Matt Harper, CCIM and Leah Motsinger represented the landlord in a 60-month retail lease for 6,550 SF at 4734-4744 W. Glendale Ave., Glendale, AZ. The tenant, New African Market, was self-represented.
Troy Giammarco and Joe Pequeno represented the landlord in a 64-month retail lease for 3,600 SF at 4124 N. 6th Drive, Phoenix, AZ. The tenant, Auto Partners, LLC, was represented by Chad Ackerly with CPI.
Dylan Whitwer and Don Morrow represented both the landlord, DT Mesa Holdco II, LLC and tenant, A Mendes Servicio De Imigracion, LLC, in a 60-month office lease for 1,604 SF at 305 E. Main St., Mesa AZ.
Thomas Bean, CCIM and Laurel Lewis, SIOR, represented the tenant, Cole International USA, Inc., in a 42-month office lease for 2,778 SF at 7776 S. Point Pkwy West, Phoenix, AZ. The landlord, Exeter 17319 DE, LLC, was represented by Michael Marsh with Colliers.
Matt Harper, CCIM represented the landlord, Chahoud Family Trust, in a 60-month retail lease renewal for 1,436 SF at 2829 E. University Drive, Mesa, AZ. The tenant, Misty Virgil, was self-represented.
Jeffrey Garza Walker represented the tenant, Infinix Auto Sales, LLC, in a 24-month industrial lease for .56 AC at 1729-1737 E. Jackson St., Phoenix, AZ. The landlord, Beast Mode Holdings, LLC, was represented by Kurt Kerner with Kidder Mathews.
Troy Giammarco and Joe Pequeno represented the landlord, Pisa Properties Sixteenth, LLC in a 38-month office lease for 2,381 SF at 8765 W Kelton Lane, Peoria, AZ. The tenant, Family Partners, was represented by Kristie Phelps with DPR Commercial.
Thomas Bean, CCIM represented the tenant, BDI Logistics, LLC in a 24-month industrial renewal lease for 4,260 SF at 133 E. Comstock, Chandler, AZ. The landlord, Arizona Corporate Plaza, LLC was represented by Jonathan Teeter and Kendall Saba with CBRE.
Dylan Whitwer and Laurel Lewis, SIOR, represented the landlord Rally Capital, LLC in a 62-month office lease for 1,377 SF at 10031 E. Dynamite Blvd., Scottsdale, AZ. The tenant, Nourish House, LLC was represented by Chad Merwin with Commercial Properties, Inc.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC in a 38-month office lease for 2,000 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Preceptor Point, LLC was represented by Michael Vercellino with Mutual Property Advisors, LLC.
Matt Harper, CCIM and Leah Motsinger represented the landlord, West Camelback Plaza, LLC, in a 63-month retail lease for 1,216 SF at 5630 W. Camelback Road, Glendale, AZ. The tenant, ReVa Cosmetics & More, LLC was self-represented.
Matt Harper, CCIM represented the tenant, Doggy Stylez Grooming, LLC, in a 64-month retail lease for 1,403 SF at 5930 W. Greenway Road, Glendale, AZ. The landlord, Greenway Place, LLC, was represented by Richard Lewis, Jr. with SVN Commercial Advisors.
Matt Harper, CCIM and Leah Motsinger represented the landlord, Robert and Arlene Thatcher, in a 49-month expansion retail lease for 1,550 SF at 4734-4744 W. Glendale Ave., Glendale, AZ. The tenant, New African Market, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, California Asset Portfolio, Inc. in a 60-month retail lease for 1,583 SF at 1437 E. Main St., Mesa, AZ. The tenant, Ants Tattoo was represented by Aaron Dutcher with MHG Commercial.
Thomas Bean, CCIM, Don Morrow and Dylan Whitwer represented both the landlord, Tempe CC, LLC and the tenant, Clinica Medica Familiar San Gabriel LLC, in a 36-month medical lease for 1,254 SF at 4515 S. McClintock Drive, Tempe, AZ.
Matt Harper, CCIM represented the tenant, Myres Electrical Service, LLC in a 37-month industrial lease for 1,569 SF at 1815 W. First Ave., Mesa, AZ. The landlord, Tri-City Commerce Center, LLC was represented by Kelli Jelinek with CPI.
Matt Harper, CCIM and Leah Motsinger represented the tenant, Campos Music 2, in a 38-month retail lease for 1,125 SF at 2775 W. Thomas Road, Phoenix, AZ. The landlord Pamush Investments, LLC was self-represented.
Matt Harper, CCIM and Leah Motsinger represented the landlord, West Camelback Plaza, LLC in ad 38-month retail lease for 1,026 SF at 5630 W. Camelback Road, Glendale, AZ. The tenant, Premier Kuts, was self-represented.
Jeff Adams represented the tenant, EXER, LLC in a 25-month industrial lease for 1,600 SF at 2121 S. Priest Drive, Tempe, AZ. The landlord, Pegasus Tempe Owner, LLC was represented by Cory Sposi & David Bean with Commercial Properties, Inc.
Joe Pequeno and Troy Giammarco represented the tenant, Weather-Tite Exteriors, in a 24-month industrial lease for 3,500 SF at 1220 W. Houston Ave., Gilbert, AZ. The landlord, DJSD Holdings, LLC, was self-represented.
Matt Harper, CCIM represented the tenant, Arsen’s Jewelry and Watches, LLC, in a 14-month retail lease for 1,000 SF at 2303 N. 44th Street, Phoenix, AZ. The landlord, 44 Arcadia, LLC, was represented by Kalen Rickard with Western Retail.
Matt Harper, CCIM represented the landlord, Caspian Corporation, in a 12-month office lease renewal for 1,600 SF at 114 W. Camelback Road, Phoenix, AZ. The tenant, EZ Title & Registration Inc., was self-represented.
Thomas Bean, CCIM and Matt Harper, CCIM represented the tenant, Prime Medial Accident & Injury Center, PLC, in a 12-month office lease for 1,265 SF at 7725 N. 43rd Ave., Phoenix, AZ. The landlord, Satkar Investments, LLC, was represented by Bonnie Halley and Melissa Marks with Colliers.
Matt Harper, CCIM and Leah Motsinger represented the landlord, E & L Investments, LLC, in a 12-month retail lease for 1,000 SF at 12416 N. 28th Drive, Phoenix, AZ. The tenant, Alpha Global, LLC, was self-represented.
Matt Harper, CCIM represented the tenant, Arcadia Biltmore Pilates, LLC, in a 12-month office lease for 380 SF at 4545 N. 36th St., Phoenix, AZ. The landlord, J&H Property Partners II, LLC, was represented by Sarh Thompson with Helix.
Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, Ruth E. Davies, in a 12-month office lease for 120 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Appliance Works, 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 | May 8, 2024 | News & Updates
PHOENIX, ARIZ. (May 8, 2024) – Commercial real estate’s leading annual awards ceremony, the Best of NAIOP, celebrated the top-performing people, companies, and projects of 2023 on April 25 at the JW Marriott Scottsdale Camelback Inn Resort & Spa.
The Arizona Chapter of NAIOP bestowed awards in 35 categories before a sold-out crowd of more than 1,070 commercial real estate professionals.
“Congratulations to all the Best of NAIOP nominees and winners. This was a record year for attendance and the number of award nominations received. We recognize the nominees’ efforts and are grateful for your contributions to our community,” said Best of NAIOP Chairman CJ Osbrink with Newmark. “We want to extend our utmost gratitude to the NAIOP staff, Board of Directors, and the Best of NAIOP committee volunteers for all the hard work and time they have put forth in making this such a successful and rewarding evening.”
NAIOP Arizona kicked off the evening with the prestigious Award of Excellence. This year’s recipients were Rick Butler and Jeff Cutberth, partners for the past 28 years at Butler Design Group (BDG). Butler and Cutberth have grown BDG into one of the most successful design firms in the Valley, gaining numerous awards including the NAIOP Architect of the Year 20 times (again in 2023).
Company winners were Ryan Companies US, Inc., Firm of the Year; ViaWest Group, Industrial Owner/Developer of the Year and Office Owner/Developer of the Year; High Street Residential/Trammell Crow Company, Multifamily Owner/Developer of the Year; Willmeng, General Contractor of the Year and Tenant Improvement Contractor of the Year; Butler Design Group, Architect of the Year; Phoenix Design One, Inc., Interior Architect of the Year; and Suntec Concrete, Subcontractor of the Year.
In the brokerage awards, Cushman & Wakefield was Brokerage Firm of the Year with two individual/team winners; JLL had three individual/team winners; and CBRE had two individual/team winners.
In the project awards, Transaction of the Year went to The Ranch @ Power & Elliot; Economic Impact went to Yuma|143; Redevelopment Project of the Year went to Desert Medical Campus; Retail Project of the Year went to Village at Prasada; and Large Spec Industrial of the Year went to Park 303, Phase II.
“It was an incredible night celebrating the tremendous projects and great achievements by our NAIOP members. Congratulations to all that were nominated and to the award winners – job very well done,” said 2024 NAIOP Arizona Board Chair John Orsak with Lincoln Property Company.
Best of NAIOP Arizona winners, celebrating accomplishments in 2023
Company awards
Architect of the Year: Butler Design Group
Brokerage Firm of the Year: Cushman & Wakefield
Firm of the Year: Ryan Companies US, Inc.
General Contractor of the Year: Willmeng Construction
Industrial Owner/Developer of the Year: ViaWest Group
Interior Architect of the Year: Phoenix Design One, Inc.
Multifamily Owner/Developer of the Year: High Street Residential/Trammell Crow Company
Office Owner/Developer of the Year: ViaWest Group
Subcontractor of the Year: Suntec Concrete
Tenant Improvement Contractor of the Year: Willmeng Construction
Individual/team awards
Award of Excellence: Rick Butler and Jeff Cutberth, Butler Design Group
Developing Leader of the Year: Chelsea Porter, Renaissance Construction
Emerging Broker of the Year: Ben Farthing, CBRE
Healthcare Broker of the Year: Sheila Bale, Tom Weinhold, and Erika Eckblad, Cushman & Wakefield
Industrial Broker of the Year: Tony Lydon, Marc Hertzberg, John Lydon, Riley Gilbert, Kelly Royle Team
Investment Broker of the Year: Will Strong, Cushman & Wakefield
Multifamily Broker of the Year: Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen, CBRE
Office Broker of the Year: Pat Williams, Andrew Medley, Chris Corney, Vicki Robinson, Sydney Setnar Team, JLL
Retail Broker of the Year: Dave Cheatham, Darren Pitts, Velocity Retail Group
Tenant Representative Broker of the Year: Mark Bauer, JLL
Project awards
Economic Impact Project of the Year: Yuma | 143
Industrial Build-to-Suit Project of the Year More Than 500,000 SF: 303 Crossroads/Puma
Industrial Build-to-Suit Project of the Year Less Than 500,000 SF: Cutter Aviation – New Hangars at Phoenix Deer Valley Airport
Industrial Tenant Improvement Project of the Year: AMPlify Sky Harbor
Medical Office Project of the Year: Banner Sports Medicine Scottsdale
Multifamily Project of the Year: AVE Phoenix Sky
Office Build-to-Suit Project of the Year: Juggernaut Case
Office Tenant Improvement Project of the Year More Than 50,000 SF: DoorDash
Office Tenant Improvement Project of the Year Less Than 50,000 SF: Lessen, Inc.
Redevelopment Project of the Year: Desert Medical Campus
Retail Project of the Year: Village at Prasada
Spec Industrial Project of the Year More Than 500,000 SF: Park303 Phase 2
Spec Industrial Project of the Year Less Than 500,000 SF: Merit PLC | 2
Spec Office Project of the Year: The Grove
Sustainable Project of the Year: ECO Mesa
Transaction of the Year: The Ranch @ Power and Elliot
Office Owner/Developer of the Year, ViaWest Group
About NAIOP
NAIOP, a 20,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail, multifamily and mixed-use real estate. The Arizona Chapter represents over 1,000 members and is among the largest in the 50+ network.
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by Peter Madrid | May 7, 2024 | News & Updates
PHOENIX, ARIZ. (May 7, 2024) – Transit-oriented residential and retail. Two senior housing projects. An arts and entertainment project.
When the dust settled at the 11th annual REIAC/Rockefeller Group Challenge at Arizona Country Club, it was Picnic Development with The Gem that took home the cash prize of $1,000 per team member among the four teams of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.
This year the competing teams presented their response to a request for development proposal created by MRED and the City of Mesa for a 7.65-acre parcel of land located at the NEC of Main Street and North Stapley Drive owned by Mesa.
“Each year this event provides a competition; a great time to get together and see the work the MRED students do. We had a unique problem this year,” explained Mark Stapp, director of the MRED program. “We started with eight teams. In discussing the top three, there was lively debate. We pared it down to five. It was a hard decision, but we decided on four teams, giving the City of Mesa the final decision.
“This year’s project was much different than last year. A small parcel with a former Mervyn’s building; last year it was 218 acres owned by the Mayo Clinic. The assignment was to create a mixed-use, high-density, urban-infill development that includes an affordable housing component which capitalizes on public transportation,” Stapp added.
The winning team was Keyonna Martinez, Kevin Winkler, Nicholas Anderson, and Bridger Hendzel with Picnic Development for The Gem, and arts and entertainment project.
The Gem represents entertainment, dining, and art. Team members called it a place that offers help, happiness, and contentment. It’s a three-tenant, adaptive reuse project that includes a 10,000 SF OHSO restaurant with indoor and outdoor space; Electric Playhouse, an immersive art and entertainment component; and Mesa Youth Sports, a 55,000 SF facility with playing fields. The project includes an art pavilion and is located on the Metro light rail. The Gem creates a sense of space; bringing more happiness and contentment to the City of Mesa.
“For the past 11 years, we have produced graduates that the industry wants. These are graduates going into the industry and becoming industry leaders,” Stapp said. “Although there is one winner in the Challenge, all student teams do excellent work. Each year we have great people involved, and even greater development projects to judge.
“It’s the faculty that delivers the content that’s so important to people in the industry. That was especially true for this particular assignment. The mentors and students alike were phenomenal. This is as rich and as real as we can make it,” Stapp added.
The other finalists and their projects:
♦️ Dash Development, Avalonia Mesa: Ryan Ban, Ryan Desanto, Jalyn Guardado, and Simbarashe Maketa presented a development that is transit-oriented with residential and retail. The retail component is child care, veterinary care, and The Soda Shop, a meeting space for Avalonia Mesa. The multifamily component comprises 194 workforce and market-rate apartment units. The project includes open nature spaces.
♦️ Main Street Partners, Sherwood Square: John Salter, Daniel Steddum, Justin Trexler, and Glen Wirth presented an active adult community with 237 units. It features a 90,000 SF building and will partner with Christian Care Mesa. It’s not about aging, the team said, it’s about health. The community aims to provide housing and a vibrant, socially engaging lifestyle tailored to its residents’ preferences and needs.
♦️ New Horizon, Development, La Dalia: Quentin Hick, Caeley Stephenson, Jedediah Welsh, and Robert Wolfsen aimed to add synergy to the site with La Dalia, a 197-unit, 12-duplex senior housing project. It is a mix of independent living and 6,000 SF of retail. Amenities include a fitness center, club room, and transportation. The retail component will feature a restaurant plaza.
Each team was allotted 10 minutes to present a development solution followed by questions from the audience. Audience members chose the winning team immediately after the presentations.
“I continue to be impressed by the scope and execution of the presentations. This is a testament to the quality of the MRED program at ASU under the direction of Mark Stapp and his faculty who consistently turn out graduates ready to contribute to our industry,” said Mark Singerman, Rockefeller Group Vice President/Regional Director and past REIAC Southwest President. “Rockefeller Group is extremely proud to have its name associated with this great program.”
About REIAC
The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions. The invitation-only group limits its membership to senior-level executives at companies, who act as principals, and whose function is to develop, acquire, manage and/or finance commercial real estate. Institutional quality programs and peer-to-peer relationship-building opportunities have established REAIC’s reputation throughout the national real estate investment community as one of its premier associations. www.reiac.org
About MRED
In nine months, the W. P. Carey Master of Real Estate Development (MRED) prepares students to lead real development projects that are environmentally respectful, socially responsible, and artfully designed. The MRED program is transdisciplinary, aligning principled instruction with dynamic real-world application. MRED is a unique partnership between four highly regarded schools within Arizona State University:
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by Peter Madrid | May 7, 2024 | News & Updates
PHOENIX, ARIZ. (May 7, 2024) – NAI Horizon represented the landlord, an advocate for underserved individuals and communities, in a long-term lease totaling $13 million at Phoenix Memorial Center, 1201 S. 7th Ave., in Phoenix.
NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, represented CPLC PM Redevelopment, LLC, of Phoenix, in the lease renewal totaling 149,679 SF. The tenant is Southwest Key Program, Inc., one of the largest, Latino-led nonprofit organizations in the U.S.
Southwest Key is the anchor tenant at Phoenix Memorial Center, owned by Chicanos Por La Causa (CPLC) and a major asset for the organization.
“The renewal of Southwest Key anchors the Phoenix Memorial Hospital as one of CPLC’s most valued assets that supports the mission of empowering lives,” Gaza Walker said.
Since 1987, Southwest Key has been on the frontline of social justice, youth advocacy, and immigration. For 37 years, Southwest Key has created a culture of family and community engagement in fulfilling its service platform which includes youth and family services, an unaccompanied children’s program, and workforce development.
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 | May 2, 2024 | News & Updates
SCOTTSDALE, ARIZ. (May 2, 2024) – The Hampton Group, Inc., a Scottsdale-based development corporation with a primary focus on building, owning, and managing income properties throughout Arizona, is pleased to announce the grand opening of Eagle Ridge Apartments at 28851 N. Vistancia Blvd., in Peoria, Arizona.
The new construction, multi-family apartment community totals 208 units and a clubhouse across 13 buildings. Scheduled to open in June, Eagle Ridge Apartments will be the first luxury apartment project in the iconic master-planned community of Vistancia.
“Our luxury apartment homes in the picturesque Vistancia neighborhood of Peoria offer a variety of meticulously planned amenities designed to provide our residents with an outstanding living experience,” said John Berry, CEO of The Hampton Group. “Our impressive selection of one-, two-, and three-bedroom apartments are perfectly situated to blend the convenience of city life with the tranquility of suburban living.”
The pool area at Eagle Ridge Apartments.
Apartment amenities include doors with smart locks, elegant granite countertops, stainless steel appliances, glass top ranges, designer fixtures and finishes, hardwood-style flooring, expansive patios that allow indoor-outdoor living, and private garages are available.
Community amenities include a spacious, shaded dog park with dog wash; a resort-style spa and pool; access to Discovery Trail; a clubhouse with full kitchen; a fitness center featuring a cardio room and separate yoga room; a game room and TV lounge; private workspaces; and ramadas and gas grills throughout.
Eagle Ridge Apartments offer four floor plans ranging from 721 SF to 1,221 SF.
The general contractor is LB West Construction and interior designer is Sketch Design Co., Principal Ali Brooks, self-managed by Hampton.
“Our interior design approach reflects a timeless aesthetic tailored to resonate with our discerning target demographic,” Brooks said. “We meticulously curated a sophisticated color palette and integrated mixed finishes to create spaces that effortlessly blend elegance with comfort.
“To enhance the atmosphere further, we introduced a bespoke 50-piece light installation, sourced from the Czech Republic, serving as a captivating centerpiece. This custom feature adds a touch of refinement and allure to the clubhouse, elevating the amenity space as prospective residents arrive and for residents to enjoy once they call Eagle Ridge home,” Brooks added.
For more information visit eagleridgeaz.com.
Entrance to the leasing office at Eagle Ridge Apartments in Peoria.
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