Arizona Self-Storage Association announces leadership team, re-elected  board members for 2022-23; Jeff Gorden selected as President

Arizona Self-Storage Association announces leadership team, re-elected  board members for 2022-23; Jeff Gorden selected as President

     PHOENIX, ARIZ. (June 8, 2022) – Arizona Self-Storage Association (AZSA), the trade association that represents the self-storage industry in Arizona, recently announced its 2022-2023 leadership team and re-elected board members.

AZSA’s 2022-2023 leadership team comprises Jeff Gorden, The Gorden Companies, President; Ray McRae, AMSMC/ Storage Solutions, Vice President; Whitney Jurjevich, Owner/Operator, Ameri-Park RV & Boat Storage, Treasurer; and Carol Mixon, SkilCheck Services, Secretary.

Re-elected board members include David Brown, Wentworth Property Company; Matt Hall, Stadium Properties; Belinda Rosthenhausler, CDC Small Business Finance; Chris Rudel, The Rudel Company; and Gorden and McRae.

“It’s wonderful to have our incumbents back on the board again. In the last couple of years we have seen the industry as well as the world change,” said AZSA Executive Director Amy Amideo. “This board has done a remarkable job by drawing upon the new board members and the experienced wisdom to create a cohesive and engaging dynamic that truly looks out for our members. I am proud to brag about the board when I meet nationally with other executive directors.”

Other returning board members include. James Appleton, MiniCo Insurance Agency; Poppy Behrens, MiniCo, Inc.; Anne Mari DeCoster, Storelocal; David Grapsas, United Structural Design; Korey Hanson, Professional Self Storage Management; Alonna Ross, StorageAuctions.com; Lee Starrett, Kiwi II Construction; and Tarik Williams​, TLW Construction.

AZSA boasts more than 630 facilities in the association owned by approximately 320 owner/operators as well as more than 130 associate members who are both local and national vendors to the self-storage industry.

AZSA holds numerous events, including live and virtual (webinar) educational offerings, networking opportunities, and its annual conference, trade show, and golf tournament.

 About AZSA

Founded in 1996, the Arizona Self-Storage Association was created to strengthen the self-storage industry in Arizona, promote professional standards and quality, and present a unified voice on issues affecting the industry in the state and in its communities. AZSA continues that mission today with approximately 600 facility and vendor members and 300 owners. AZSA works to add and refine services that benefit its members. These services include legislative watch, legal resources, communications, facility and vendor search, educational events and networking and the AZSA Self-Storage Conference & Trade Show.  For more information visit azselfstorage.org.

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Land/industrial building sale for $2.4M highlights recent deals by NAI Horizon professionals

Land/industrial building sale for $2.4M highlights recent deals by NAI Horizon professionals

      PHOENIX, ARIZONA (June 7, 2022) – The sale of 5.1 acres and an industrial building and sales of a retail building and 1.8 acres highlight recent transactions facilitated by NAI Horizon professionals. The land and industrial building fetched $2.4 million.

Sale Transactions:

Michael Gaida negotiated the sale of 5.1 acres, including 18,000 SF of industrial buildings, representing the seller, DRA, LLC, for $2.4 million. The property is located at 32240 W. Bud Road, Maricopa, AZ 85138. The buyer, the City of Maricopa, was self-represented.

Matt Harper, CCIM, negotiated the sale of a 2,527 SF retail building, representing the seller, 9432 N. Cave Creek, LLC, for $410,000. The property is located at 9432 N. Cave Creek Road, Phoenix, AZ 85020. The buyer, Azhar & Dhia Sharmookh, LLC, was represented by Chris Mott with Lanier Real Estate.

Christopher Lewis negotiated the sale of 1.8 acres, representing the seller, AUM, LLC, for an undisclosed amount. The property is located at 2555 W. Louise Drive, Phoenix, AZ 85027. The buyer, Baker Development Corporation, was represented by Garret Goulding with Citywide.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the tenant, Landesberg Orora, in a 60-month industrial lease for 80,587 SF at 5120 W. Buckeye Road, Phoenix, AZ 85043. The landlord, Cohen Asset Mgmt., was represented by Don MacWilliam with Colliers.

Troy Giammarco and Joe Pequeno represented the tenant, Coach Pain Academy, in a 126-month retail lease for 4,000 SF at 3975 E. Williams Field Road, Gilbert, AZ. The landlord, Verde-Gilbert, LLC, was represented by Scott Johnson-Founder with Real Companies.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Delias Cleaners of Arizona, Inc., in a 120-month retail lease for 2,132 SF at 3941 E. Chandler Blvd., Chandler, AZ 85048. The landlord, Lakeside Management, was represented by Bryan Ledbetter with Western Retail Advisors.

Joan Krueger represented the tenant, Advance Paper & Maintenance Supply Inc., in a 61-month retail lease for 6,725 SF at 1035 N. McQueen Road, Gilbert, AZ 85233.  The landlord, Richard Sheinfeld Trust, was represented by Keli Jelinek with Commercial Properties, Inc.

Matt Harper, CCIM, and Sharon Reeves represented the landlord, 911 N. 4th St., LLC, in a 60-month retail lease, for 1,375 SF at 911 N. 4th St., Phoenix, AZ 85004. The tenant, Cameron 7, LLC, was self-represented.

Matt Harper, CCIM, represented the landlord, K.C. Investments Desert Retail, LLC, in a 62-month retail lease, for 1,520 SF at 777 E. Thunderbird Road, Phoenix, AZ 85022.  The tenant, Foster & Kint, LLC, was represented by Cole Schillne with Orion Investment Real Estate.

Jay Mininberg represented the tenant, Welmade Technology Corporation, in a 36-month industrial lease for 3,999 SF at 1745 W. Deer Valley Road, Phoenix, AZ 85027. The landlord, Utopia 860 Ventures, LLC, was self-represented.

Chris Gerow, Shelby Tworek, Gabe Ortega represented the landlord, Queen Creek Fiesta, LLC & JW Duke Enterprises, LLC, in a 60-month retail lease for 1,105 SF at 44460 W. Edison Road, Maricopa, AZ 85138. The tenant, Art of Fades Barber Lounge, was self-represented.

Don Morrow and Dylan Whiter represented the tenant, Emblem Healthcare, Inc., in a 60-month office lease for 1,801 SF at 4801 S. Lakeshore Drive, Tempe, AZ 85282.  The seller, Lucille Lourenco Fierreira Family Trust was represented by Kelli Jelinek with Commercial Properties.

Jeff Adams represented the tenant, Alpha Insulation & Waterproofing, in a 24-month industrial lease, for 6,313 SF at 4250 S. 38th St., Phoenix, AZ 85040. The landlord, Pegasus Airport Owner, LLC, was represented by David Bean & Cory Sposi with Commercial Properties, Inc.

Joe Pequeno and Troy Giammarco represented the tenant, SCBS, LLC, in a 40-month office lease, for 1,843 SF at 4440 N. 36th St., Phoenix, AZ 85018. The landlord, Kimco Realty, was represented by Christopher Byrd with Kimco Realty.

Don Morrow and Dylan Whitwer represented the tenant, Top Priority Messenger Services, Inc., in a 38-month office lease, for 818 SF at 2111 E. Broadway Road, Tempe, AZ 85282. The landlord, PCL Broadway, was represented by Brandon Payne with Venture REI.

Matt Harper, CCIM, and Tom Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease, for 276 SF at 12630 N. 103rd Ave., Sun City, AZ 85351. The tenant, Luna’s Multi Insurance Services, LLC, 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 located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 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 and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate 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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Trio of homebuilders combines to purchase 836 acres for $111.7M within the Asante Planned Community in Surprise, Arizona   

Trio of homebuilders combines to purchase 836 acres for $111.7M within the Asante Planned Community in Surprise, Arizona  

Land Advisors Organization facilitated this land sale, representing the seller.

 

 Scottsdale, Ariz. (June 3, 2022) – Asante Development Partners, a venture between Lennar Homes, Pulte Homes, and Taylor Morrison Homes, recently completed the purchase of a premier 836-acre land parcel in the city of Surprise, Arizona, for $111.7 million.

The land parcel is located within the Asante Planned Community in north Surprise and includes 752 acres of single-family residential land, (totaling +/-2,750 lots), as well as 56 acres of high-density residential land and 28 acres of commercial land.  Asante, which was initially entitled in 2003, is generally located west of 163rd Avenue and north of Pat Tillman Blvd and offers convenient access to the Loop 303 and the growing northwest Valley retail and employment corridors.

Land Advisors Organization’s advisors Mike Schwab, Greg Vogel, Bret Rinehart, Ryan Semro and Ben Heglie represented the seller, HE Capital Asante LLC, based in Dallas, Texas, which has owned the property since 2009.

“The Northwest Valley is one of the most active development areas in the Valley.  This acquisition provides all three builders with the opportunity to continue their delivery of high-quality housing to the north Surprise market for the next 4 to 7 years,” said Mike Schwab, principal and designated broker with Land Advisors Organization. “By joining forces, these builders will provide future residents of the community with a range of diverse new home options, further adding to the area’s attractiveness.”

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; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; 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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Real Estate Daily News welcomes TREND report to its suite of offerings in Tucson, Southern Arizona

Real Estate Daily News welcomes TREND report to its suite of offerings in Tucson, Southern Arizona

   TUCSON, ARIZ.  (June 3, 2022) – The two longest-running and most respected real estate news sources in Southern Arizona – TREND report and Real Estate Daily News – will operate under one management, according to Karen Schutte, current editor/publisher of Real Estate Daily News. Schutte will also serve as editor/publisher of TREND report.

TREND report, a monthly publication provides insight into changing opportunities in the commercial real estate market through insightful articles written by industry experts. The TREND report joins the family of Real Estate Daily News, a daily online publication on real estate and the economy, and RED Comps, a comprehensive subscription-based searchable database for commercial sales comps in southern Arizona.

“Joining forces with The Real Estate Daily News and RED Comps creates a win-win for TREND report subscribers and advertisers, who will now have premier access and exposure to regional real estate trends and deal makers,” said Lucinda Smedley, founder of TREND report.

Schutte will oversee the daily operation of both news sources and Smedley will continue as a professional advisor at the TREND report.

“I have been collaborating with Lucinda and her team at TREND report long enough to recognize that trends are a CEO-level ‘problem and solution’ because suddenly, every organization needs to evaluate if they have the right products, right markets, and right services in these changing times,” Schutte said. “My role at The Real Estate Daily News and RED Comps will remain unaltered, continuing to shine a light on commercial real estate deals every day.

“I look forward to taking TREND report to its next level,” Schutte said. “No one can predict the future; however, as we emerge from a new crisis, the Roaring 20s seem to be returning with all the innovations and inventions within the chaos.”

In times of rapid change such as these, consumer trends are crucial. Trends provide the industry with clues to decipher emerging needs, shifts in opportunity, and changes in consumer behavior whether it be in real estate or consumer goods.

To learn more, contact TREND report and Real Estate Daily News at (520) 877-2656 or visit the websites www.TrendReportAZ.com and www.RealEstateDaily-News.com

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Real Estate Daily News welcomes TREND report to its commercial real estate offerings in So. Ariz.

Real Estate Daily News welcomes TREND report to its commercial real estate offerings in So. Ariz.

      TUCSON, ARIZ.  (June 2, 2022) – The two longest-running and most respected real estate news sources in Southern Arizona – TREND report and Real Estate Daily News – will operate under one management, according to Karen Schutte, current editor/publisher of Real Estate Daily News. Schutte will also serve as editor/publisher of TREND report.

TREND report, a monthly publication, provides insight into changing opportunities in the commercial real estate market through insightful articles written by industry experts. The TREND report joins the family of Real Estate Daily News, a daily online publication on real estate and the economy, and RED Comps, a comprehensive subscription-based searchable database for commercial sales comps in southern Arizona.

“Joining forces with The Real Estate Daily News and RED Comps creates a win-win for TREND report subscribers and advertisers, who will now have premier access and exposure to regional real estate trends and deal makers,” said Lucinda Smedley, founder of TREND report.

Schutte will oversee the daily operation of both news sources and Smedley will continue as a professional advisor at the TREND report.

“I have been collaborating with Lucinda and her team at TREND report long enough to recognize that trends are a CEO-level ‘problem and solution’ because suddenly, every organization needs to evaluate if they have the right products, right markets, and right services in these changing times,” Schutte said. “My role at The Real Estate Daily News and RED Comps will remain unaltered, continuing to shine a light on commercial real estate deals every day.

“I look forward to taking TREND report to its next level,” Schutte said. “No one can predict the future; however, as we emerge from a new crisis, the Roaring 20s seem to be returning with all the innovations and inventions within the chaos.”

In times of rapid change such as these, consumer trends are crucial. Trends provide the industry with clues to decipher emerging needs, shifts in opportunity, and changes in consumer behavior whether it be in real estate or consumer goods.

To learn more, contact TREND report and Real Estate Daily News at (520) 877-2656 or visit the websites www.TrendReportAZ.com and www.RealEstateDaily-News.com

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Darren Tackett, Founder of The Tackett Team with RE/MAX Fine Properties, sells Altitude at Silverleaf for $28.1M, sets record for most expensive luxury home sold in Arizona

Darren Tackett, Founder of The Tackett Team with RE/MAX Fine Properties, sells Altitude at Silverleaf for $28.1M, sets record for most expensive luxury home sold in Arizona

     SCOTTSDALE, ARIZONA (June 2, 2022) – The record for the most expensive home sold in Arizona didn’t stand for long. Fidelity National Title Agency is pleased to announce it helped close on a $28.1 million mansion at 21264 N. 113th Place in Scottsdale.

Built by Scottsdale-based Mast Luxury Homes on 4.6 acres, the 21,150 SF residence boasts eight bedrooms, two elevators, 12 full baths, and six half baths. Scottsdale luxury realtor Darren Tackett, founder of The Tackett Team with RE/MAX Fine Properties, represented the seller in the transaction.

“There was no shortage of attention for this gorgeous property,” Tackett said. “The property was only on the market for 28 days, which is common for non-luxury listings but unheard of for a property in this price range. The demand for luxury living continues to be much higher than what is currently available so one-of-a-kind properties like these are selling quicker than ever.”

The sale surpasses the $24.1 million price tag of Wingspan within Silverleaf at DC Ranch that sold in 2020. The sale also surpasses the $21 million price tag of a mansion in the Cameldale neighborhood in Paradise Valley earlier this year.

“We are humbled to be part of this notable sale. It is such an honor to have experienced professional partners like Darren who have the confidence in our highly skilled escrow team to handle transactions of this magnitude because the coordination of all the players and attention to detail is critical. When closing escrow with Fidelity all parties have the assurance knowing our financial strength keeps their money protected,” said Diane Day, President/ County Manager of Fidelity National Title Agency.

The Scottsdale estate, Altitude at Silverleaf, was constructed in 2021 by Mast Luxury Homes. Located on the most prominent peak in the prestigious Summit at Silverleaf community and sitting on nearly 5 acres, city and desert views abound from every interior room and generous outdoor space.

The privately gated, circular driveway provides a resort-style welcome that leads to a stunning mountain backdrop, complete with an elevated, covered viewing tower to fully take in the McDowell Sonoran Preserve.

Once inside, high ceilings give way to three levels of remarkable finishes, including extensive use of imported natural stone with a special focus on marble and natural quartzite and a five-natural stone fireplace.

The Dale Gardon-designed home is a space fit for hosting the grandest of gatherings, with an open floor plan meant for mingling. The spacious, custom entryway wine bar shines as a bright and unique welcoming point into the eight ensuite bedrooms,
The 12 full and six half baths have easy elevator access between each floor. Natural light pours beautifully into the kitchen, with Subzero/Wolf appliances, including a Wolf Convection Steam Oven and 60-inch Wolf Range with two ovens, ideal for entertaining large parties year-round.

The double islands are topped with the finest Quarzo Iceberg Natural Quartzite imported from Italy and equipped with warm under-lighting to enhance the inviting environment. Remarkable modern lighting fixtures float above the breakfast and coffee bar and serve as stylish art pieces of their own throughout this Control4 smart home.

Opulent comfort is the theme in every room and is especially found in the exercise room with its steam shower and the yoga/art room with panoramic views. The card and game room offers endless opportunities for enjoyment, with two Subzero wine columns waiting for a collection fit to age and share throughout the years.

For those seeking a retreat into their favorite films, the theater with a 4K projector and professional sound system makes going to the movies as simple as dimming the lights at home and sitting back with the family.

The primary suite is yet another stunning escape, with his and hers walk-in closets and an ensuite bathroom befitting the finest hotels in Europe. Italian-imported Calcutta gold marble
adorns the primary bath, which also includes double-sinks, a bidet, and his and hers water closets.

The office is the perfect quiet space to engage the mind, with spectacular inlaid walnut ceilings and a powder room for easy access throughout the day. In addition to providing a resplendent place for anyone to call home, this estate is also outfitted with multiple spacious and luxurious guest quarters.

The guest casita ensures true privacy, with its own full kitchen and two ensuite bedrooms. There are also separate “in-law” quarters with a full kitchen and ensuite bedroom, so the entire extended family can gather on a vacation of their own.

When it comes time to bring everyone together, there is no better space than the family room, which boasts accordion folding windows overlooking the palatial pool deck. With Scottsdale known for year-round outdoor living, this home was built with that splendid lifestyle always in mind.

Three outdoor fire pits overlook the City of Scottsdale, and even as far as the iconic Camelback Mountain in Phoenix. The two built-in grills make for the perfect opportunity to show off new and classic recipes to gatherings large and small, and everyone will surely feel pampered at the infinity-edge pool with its cool, clear waters and delicate fountain features.

This is also a collector car lover’s paradise, with the temperature-controlled 12-car garage and its own separate full bathroom offering a grand space in which to house the most precious of vehicles.

This is truly the finest of neighborhoods in the Valley. Beyond the private gates of this estate are some of the best opportunities for dining, shopping, and taking in scenic views within only a few miles. It is approximately 20 minutes from Scottsdale Airpark and just a quick drive down the Loop 101 to the art galleries and shops in Old Town Scottsdale.

The Silverleaf community includes its own astonishing amenities and is particularly well-known for its extensive biking and walking paths, and a Tom Weiskopf-designed golf course.

21264 N. 113th Place in Scottsdale.

About Fidelity National Title Agency

With a proud history of more than 165 years, Fidelity National Title Agency (NYSE-FNF) is the nation’s premier real estate service providers. FNF has $1.7 + billion in claims reserves, 32.2% market share, and is the highest-ranked title insurance company on the Fortune 500. Through its nationwide network of direct operations and agents, Fidelity National Title Agency provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals, investors and consumers. Let Fidelity demonstrate why customers nationwide rely on its experience, service and financial strength for real estate transactions across the country. For more information visit www.fntarizona.com/ 

 

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NAI Horizon facilitates disposition of Chandler self-storage and RV property

NAI Horizon facilitates disposition of Chandler self-storage and RV property

     PHOENIX, ARIZ. (May 31, 2022) – The Nunez Self-Storage Group represented the seller in the $25.5 million disposition of a self-storage and RV asset in Chandler, Arizona.

NAI Horizon Executive Managing Director Denise Nunez and First Vice President Victoria Filice, CCIM, represented the seller, Vault at Riggs Road LLC, in the sale of Vault Storage and RV, 12220 E. Riggs Road in Chandler.

The buyer was a nationally branded owner/operator with several locations throughout the Metro Phoenix market.

“A great value add story for the seller who purchased the property in 2020, gave it an update and built out existing concrete pads for additional storage and covered RV,” Nunez said. “The sales price reflected current market conditions and generated multiple offers.”

The property was sold with Phase II recently completed.  The entire site offers a mix of drive-up, climate-controlled, covered RV, and uncovered parking for a total of 702 units with approximately 150,260 NRSF.

The Nunez Self-Storage Group closed more than $140 million in transactions in 2021.

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 located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 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 and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate 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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NAI Horizon’s Self-Storage Group facilitates disposition of self-storage asset in Phoenix

NAI Horizon’s Self-Storage Group facilitates disposition of self-storage asset in Phoenix

 PHOENIX, ARIZ. (May 25, 2022) – The Nunez Self-Storage Group represented the seller in the disposition of an 84,585 SF self-storage asset in Phoenix.

NAI Horizon Executive Managing Director Denise Nunez and First Vice President Victoria Filice, CCIM, represented the seller, Structured REA – Glendale Storage, LLC, in the sale of Extra Space Storage (managed), 2718 W. Glendale Ave. The buyer was a New York, New York-based owner with existing self-storage operations in the market.

“This was a Class A new-build property which opened in February of 2021 and was significantly surpassing lease-up projections,” Nunez said. “The owners had received off-market offers.

“However, they were motivated to sell when they saw what deals were selling for under current market conditions. There were many potential buyers for this institutional quality product and an excellent addition to the buyer’s existing portfolio in the Phoenix market,” Nunez said.

The property was a single building, all enclosed climate-controlled which housed 886 units.

The Nunez Self-Storage Group closed more than $140 million in transactions in 2021.

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 located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 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 and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate 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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CDC Small Business Finance is the top Arizona SBA 7A and 504 lending firm in the state after fiscal year 2022 2Q, approving 54 loans for $60M

CDC Small Business Finance is the top Arizona SBA 7A and 504 lending firm in the state after fiscal year 2022 2Q, approving 54 loans for $60M

     PHOENIX, ARIZ. (May 25, 2022) – CDC Small Business Finance continues to lead economic development in Arizona, earning recognition as the top U.S. Small Business Administration lender in the state for 7A and 504 firms.

Through Q2 of the 2022 Fiscal Year, from October 2021 through March 2022, CDC Small Business Finance approved 54 loans totaling almost $60 million in the Arizona District.

Those projects include The Royale, a 10,125 SF building with restaurant, office and retail space at 635 W. Glenrosa in Phoenix with a central open plaza setting. The approximately 4,300 SF restaurant space will host the new, second location for FEZ Restaurant & Bar, which has operated in its initial flagship location in midtown Central Phoenix since 2005.

The property had been used in an automotive/service capacity for many years; CDC Small Business Finance also helped the automotive shop purchase its new location.  When The Royale opens, the neighborhood will benefit from a new gathering spot, higher-paying jobs, and a cleaner environment.

“The lack of inventory is creating a demand for construction financing and in some cases including equipment for build-to-suit projects,” said Belinda Rosthenhausler, CDC Small Business Finance’s vice president and commercial lender for Arizona and Nevada.

The Royale is just one example of how the SBA 504 loan structure continues to be in high demand, despite rising interest rates. The 25-year fixed interest rate option provides a controlled budget for business owners who are seeing lease rates continue to climb.

CDC has consistently remained atop the list and was named the state’s SBA 504 Lender of the Year for the fourth straight year in 2021.

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About CDC Small Business Finance

CDC Small Business Finance is the nation’s leading mission-based small business lender and advocate, working to provide entrepreneurs access to the capital and opportunities they deserve. Since 1978 CDC has delivered small business and commercial real estate loans paired with small business owner assistance to bolster entrepreneurship, economic development, and job creation. Through this work CDC has provided more than 12,000 small business owners access to $21.3 billion in financing and helped to create and preserve more than 214,000 jobs in Arizona, California, Nevada, Michigan, Washington, D.C.

The organization is now part of the Momentus Capital community of brands, a group of leadership organizations transforming how capital and investments flow into historically disinvested communities to drive community-led solutions that support economic mobility and wealth creation. For more information, please visit cdcloans.com and investedincommunities.org.

CivTech announces merger with Mathieu Engineering Corp to create So. Arizona office   

CivTech announces merger with Mathieu Engineering Corp to create So. Arizona office  

SCOTTSDALE, ARIZ. (May 24, 2022) ‒ CivTech, a consulting engineering firm specializing in traffic engineering, transportation planning, and traffic design, has created a new capacity to provide its services to the Southern Arizona market by merging with Mathieu Engineering Corp to form the CivTech Tucson office.

Mathieu Engineering Corp. (MEC) was founded in 2003 and for 19 years has provided traffic engineering services to a long list of clients in Tucson and in Arizona. MEC has prepared traffic engineering reports across the State of Arizona, from Flagstaff to Nogales and from Yuma to Cochise County.

Mick Mathieu will be the Managing Director for the CivTech Tucson office.

“Mick is an expert in traffic engineering and will allow us to bring a new level of service and capacity to the Southern Arizona marketplace,” said Dawn Cartier, PE, PTOE, President and Principal of CivTech. “We were looking for someone that fits our existing culture and would enhance our current skill sets. Mick was the perfect fit.”

CivTech was founded in 2002 by Cartier. It is focused on providing affordable, creative design while delivering excellent customer service. CivTech’s focus is the continuation of quality and cost-effective designs tailored to each specific project for each client.

With a staff of 30, including PE’s and AICP’s dedicated to transportation projects, CivTech has the capability to provide innovative and unique solutions for a wide variety of projects.

Some of CivTech’s traffic engineering projects in Arizona include the Rivulon Traffic Impact Analysis, Gilbert; the Novus Traffic Impact Analysis, Tempe; the Paradise Valley Mall Shared Parking Analysis, Phoenix; and the SR 89A Crash Analysis and Safety Evaluation, Sedona.

Transportation planning projects include the Tempe Core Small Area Transportation; the Transit Development Plan, Casa Grande; Conceptual Pedestrian Bridge Location and Design, ASU and Tempe; the I-10/Tangerine Road Traffic Interchange Traffic Report and Area Transportation Model, Marana.

CivTech traffic design projects include the Tempe Streetcar traffic signals, street lighting, signing, and striping; Mockingbird Lane and Lincoln Drive traffic engineering plans, Paradise Valley; and the Candy Lane Traffic Signal and Interconnect Plans, Cottonwood.

“I am extremely honored and happy to be joining the CivTech team. The more I spoke with Dawn Cartier about the possibility of having a CivTech Tucson office, the more I knew that this was the right move,” Mathieu said.

“The list of services that can now be provided to my Tucson clients is impressive and will now create the opportunity for more progressive traffic solutions to the local Tucson community. The goal of the Tucson office is to grow the list of clients across Tucson and Southern Arizona,” Mathieu said.

 About CivTech:

 CivTech, a certified DBE/SBE/WBE firm founded in 2002, has been guided by the core principles of integrity, outstanding client service, effective communication, and a quest for excellence. Today CivTech continues to be a civil engineering firm solely dedicated to providing quality traffic engineering, transportation planning, and traffic design services and has grown in order to service a wide variety of clients. Clients include federal, state and local agencies, private clients, as well as other design professionals. Our established reputation for producing quality deliverables, while maintaining both schedule and budget, has led to high growth exclusively through client recommendations.  CivTech continues to provide its clients with an array of creative and practical solutions to fit their specific needs. To learn more about CivTech visit civtech.com.

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