by Peter Madrid | Jun 10, 2024 | News & Updates
PHOENIX, ARIZONA (June 10, 2024) – NAI Horizon professionals recently closed five sales totaling more than $10 million including three industrial properties, land, and retail a retail pad. The industrial sales totaled a combined $8 million.
Sales Transactions:
Jeffrey Garza Walker negotiated the sale of 50,594 SF of an industrial building for $4.7 million, representing the buyer, American Gem Packaging Solutions, LLC. The property is located at 2760 S. La Luna, Goodyear, AZ. The seller, A1 Desert Investments, LLC was self-represented.
Rick Foss negotiated the sale of a 10,054 SF industrial building for $2.21 million representing the seller, McDowell Sonoran Holdings, LLC. The property is located at 5230 S. 39th St., Phoenix, AZ. The buyer, Bell Holdings 1100, LLC was represented by Garrett Wilson, with Cushman Wakefield.
Jay Mininberg negotiated the sale of 40,973 SF of land for $1.275 million representing the buyer, FJT1 Rental, LLC. The property is located at 2422 E. Apache Blvd., 2424 E Apache Blvd., and 1114 S. Lebanon Lane, Tempe, AZ. The seller, Robert and Mary Figueroa were represented by Neil Sherman and Zackery Sherman with Sperry-Insignia.
Jay Mininberg negotiated the sale of 4,000 SF of an industrial building for $1.224 million representing the seller, MM2 Myrtle, LLC. The property is located at 1745 W. Deer Valley Road, Phoenix, AZ. The buyer, Hakala Living Trust, was represented by Zak Kottler and Joe Cosgrove with LevRose Commercial.
Sharon Reeves and Paul Holland of Colliers negotiated the sale of .6361 AC of a retail PAD for $750,000 representing the buyer, Landa Peoria, LLC. The property is located at SEC Lake Pleasant and Happy Valley Road, Peoria, AZ. The seller, Mountainside Crossing Parcel 2B, LLC was self-represented.
Lease Transactions:
Jeffrey Garza Walker represented the tenant, Southwest Key Programs, Inc., in a 60-month office lease for 149,679 SF at 1201 S. 7th Ave., Phoenix, AZ. The landlord, CPLC PM Redevelopment, LLC, was self-represented.
Drew Eisen and Isy Sonabend represented the tenant, Elliott Electric Supply, Inc,. in a 120-month industrial lease for 15,169 SF at 9172 E. Florentine Road, Prescott Valley, AZ. The landlord, Flex Space, LLC, was represented by Matt Fish with Prescott Commercial Real Estate.
Thomas Bean, CCIM represented the landlord, MFS Properties, Inc., in a 64-month medical lease for 6,527 SF at 14733 W Mountain View Blvd., Building F, Surprise, AZ. The tenant, OrthoArizona, was represented by Vince Femiano and Kevin Smigel with Transwestern.
Joan Krueger represented the landlord, Washington 2738, LLC in a 60-month office lease for 8,621 SF at 2738 E. Washington St., Phoenix, AZ. The tenant, Windom Security Strategies Today, LLC was represented by Keri Scott with Colliers.
Larson Wilcke and Mark Wilcke represented both the landlord, 712 S. Hacienda Drive, LLC, and tenant, Tweet Garot Mechanical Inc., in a 36-month industrial lease for 4,582 SF at 712 S. Hacienda Drive, Tempe, AZ.
Matt Harper, CCIM and Leah Motsinger represented the tenant, Leo’s Tacos and Burritos, LLC in a 52-month retail lease for 1,400 SF at 16055 N. Arrowhead Fountains Drive, Peoria, AZ. The landlord, Vaswani Family, LLC, was represented by Chip Diamond with Diamond Properties, Inc.
Matt Harper, CCIM and Leah Motsinger represented the tenant, Meta PC, LLC in a 38-month retail lease for 1,800 SF at 110 S. Val Vista Drive, Gilbert, AZ. The landlord, Jabbel Holdings, LLC, was self-represented.
Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC in a 36-month office lease for 2,662 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, The Recreational Wellness Center, was represented by Laurel Lewis also with NAI Horizon.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC, in a 41-month office building lease for 1,982 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Arizona Department of Emergency and Military Affairs, was represented by Chris Corney with JLL.
Joe Pequeno and Troy Giammarco represented the tenant, Victorian Integrated Health Care, LLC, in a 33-month office lease for 2,499 SF at 1204 E. Baseline Road, Tempe, AZ. The landlord, McCandless Properties, was represented by Jamie Swirtz with CBRE.
Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, California Asset Portfolio, Inc. in a 62-month retail lease for 1,105 SF at 1437 E. Main St., Mesa, AZ. The tenant, Brenda Saldana, was self-represented.
Thomas Bean, CCIM represented the tenant, Neuro Diagnostic Laboratories, in a 12- month office lease for 2,975 SF at 2266 S. Dobson Road, Mesa, AZ 85202. The landlord, Rajesh Babulal Bera and Ranjan Rajesh Bera, were represented by Shane McCormick with CPI.
Matt Harper, CCIM and Leah Motsinger represented the landlord, Carol Investment Corp. in a 39.5-month retail lease for 1,025 SF at 4337 W. Indian School Road, Phoenix, AZ. The tenant, Fox Auto Insurance, Inc., was self-represented.
Joe Pequeno and Troy Giammarco represented both the landlord, Expotential Factors and tenant, Flourish Foundation, Inc., in a 12.5-month office lease for 2,689 SF at 2630 N. Ogden Road, Mesa, AZ.
Matt Harper, CCIM, and Thomas Bean CCIM, represented the landlord, Ruth E. Davies, in a 12-month office lease for 529 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Kulak Holding, LLC was self-represented.
Don Morrow and Dylan Whitwer represented both the landlord, Michael & Graciela Richards, and the tenant, Daryl Jeffrey and Nicole Springer, in a 24-month office lease for 617 SF at 114 E. Palm Lane, Phoenix, AZ.
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 | Jun 7, 2024 | News & Updates
Two prominent law firms with Southwestern roots combine, expanding the firm’s presence to three offices in the region.
PHOENIX (June 7, 2024) — Two prominent law firms based in the Southwest have joined to become Jennings Haug Keleher McLeod Waterfall LLP (JKW). Phoenix-based Jennings Haug Keleher McLeod (JHKM) has combined with Tucson-based Waterfall, Economidis, Caldwell, Hanshaw & Villamana (Waterfall), a leading Southern Arizona law firm, expanding the multijurisdictional litigation and business law firm’s presence with offices now located in Albuquerque, New Mexico as well as Phoenix and Tucson, Arizona.
Uniting the two law firms of JHKM, a highly regarded litigation and business law firm with offices in Phoenix, Arizona and Albuquerque, New Mexico, with Waterfall creates a full-service law firm comprised of nearly 50 attorneys serving clients locally, in the region and those with national interests.
“By combining, we are bringing together talented lawyers who prioritize the values of excellence, client service and integrity while also expanding our services and reach,” said John Sinodis, chairman of Jennings Haug Keleher McLeod Waterfall. “Thoughtful growth, like this, broadens the services we offer and provides the advantage of elevating the resources available to businesses and individuals around the region, which our attorneys currently serve and those who we will serve in the future. Growth is always exciting, but when it happens between firms with shared cultures and principles, it is truly outstanding.”
Waterfall, which has served the Tucson community, individuals, new and expanding enterprises as well as businesses and corporate entities for 55 years, joins JHKM and establishes JKW’s third regional office.
Jill D. Wiley
“Our many long-standing clients at Waterfall are accustomed to a level of service and legal skills that are second to none,” said Jill D. Wiley, managing partner of JKW’s Tucson office and leader of the firm’s estate planning practice. “Joining to become JKW allows us to not only continue our tradition of excellence and service to the community, but to take our values to a new level and we couldn’t be more thrilled.”
Deron Knoner, managing partner of JKW’s Albuquerque office, said “I have known the Waterfall firm since attending law school at the University of Arizona. While this is a great addition to our firm in terms of geography and areas of practice, it is a particularly great addition because of the quality people who are now practicing together at JKW.”
A full-service litigation and business law firm, JKW has attorneys practicing in Albuquerque, New Mexico, Phoenix, Arizona and Tucson, Arizona. The firm’s attorneys are regularly recognized for excellence in their areas of practice by their peers as well as in respected legal directories and rankings, such as Martindale Hubble®, Best Lawyers®, Chambers USA and Southwest Super Lawyers®.
About Jennings Haug Keleher McLeod Waterfall, LLP
JKW is a full-service litigation and business law firm with extensive trial, litigation management, dispute resolution and complex litigation experience. The firm’s attorneys address a wide range of legal matters for businesses and individuals in the areas of antitrust, attorney regulation and ethics, appellate law, business law and litigation, banking, bankruptcy and creditors’ rights, civil rights and constitutional law, commercial real estate, construction, corporate law, employment, environmental, comprehensive estate planning, trusts, probate and administration services, family law, fidelity and surety, government relations and lobbying, insurance defense and coverage, medical and professional malpractice, municipal law, personal injury, energy regulatory matters and tribal law, as well as alternative dispute resolution. JKW has offices in Phoenix and Tucson, Arizona and Albuquerque, New Mexico to serve clients in the Southwest and throughout the United States. For additional information, visit jkwlawyers.com
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by Peter Madrid | Jun 5, 2024 | News & Updates
Moving to Land Advisors Organization, Mark and Ryan Krueger and Erin Seipel expand their resources and the ability to attract more public home builders to the region.
Scottsdale, Ariz. (June 5, 2024) – Scottsdale-based Land Advisors Organization, the nation’s largest brokerage firm focused specifically on land, has expanded into northern Nevada with the addition of the Krueger Land Team. Led by Mark and Ryan Krueger, the Krueger Land Team has specialized in the sale of residential, multifamily, commercial, and industrial land and investment properties in Reno and across northern Nevada for nearly 30 years.
Recognized as the dominant land team in Reno and the northern Nevada market, the Krueger Land Team has completed more than $1.2 billion in sales over the past two decades. They have facilitated the sale of more than 36,000 single family units since 2003; nearly 5,000 multifamily units since 2025; and the development of the region’s most successful planned communities, including the Double Diamond Ranch, Damonte Ranch, Pioneer Meadows, Stonebrook, Wingfield Foothills, Somersett and Talus Valley. The team regularly works with the region’s largest builders, including Lennar Reno, Toll Brothers, DR Horton, Jenuane Communities, Ryder Homes, Desert Wind Homes, American Homes for Rent, Tricon, among others.
The region’s substantial population growth combined with employment corridor growth is bringing high-paying jobs in technology-based industries, manufacturing, healthcare, and entrepreneurial startups to the Reno and northern Nevada region. This growth has created significant demand for more residential units as well as industrial and commercial land. By joining with Land Advisors Organization, the Krueger Land Team is positioning itself to aid in addressing these community and economic development needs by attracting more builders, developers, and investors to the area.
“Krueger Land Team just got better, and we are confident that with the additional resources and national relationships that Land Advisors Organization brings, we will succeed in facilitating Reno and northern Nevada’s continued growth in a meaningful, and successful way.” said Mark Krueger. “City and county officials have done an excellent job of planning and building out the needed infrastructure to accommodate the area’s economic development and now we want to get back on the radar with public builders and community developers to bring needed housing units to our community. Through Land Advisors Organization’s national network, we are confident that we will be able to attract more builders and developers and know that it’s time to come back to Reno.”
A trusted local land and real estate expert, Mark Krueger has specialized in the sale of land, investment properties and commercial real estate in Reno and northern Nevada for nearly 30 years and has over 45 years of experience in commercial real estate. He will serve as senior advisor for Land Advisors Organization’s new northern Nevada office and continue to lead the Krueger Land Team.
Joining Mark are his son Ryan Krueger, who specializes in single family, multifamily, mixed-use land sales in Reno/Sparks, Fernley, Dayton, Carson City and Douglas County and has transacted nearly 10,000 single family and multi-family units and $500 million in revenue; and his daughter Erin Seipel, who has nearly 25 years of experience in commercial real estate, managing the team’s operations and administrative support team.
The Krueger Land Team plans to continue providing its market forecasts, which have served to inform the real estate industry on critical data and development trends in the region for decades. The firm’s new office is located at 10631 Professional Circle, Suite B in South Reno.
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; Denver, Colorado; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Boise, Idaho; Kansas City; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Greensville, South Carolina; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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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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