TUCSON, ARIZONA (August 29, 2017) – FLANDERS, an Indiana-based manufacturer of heavy industry electric motors and generators, is breaking ground on a 6,750-square-foot administrative and warehouse building, adding to its footprint at 5785 S. Belvedere Ave., in Tucson.
David Blanchette, CCIM, of the Tucson office of NAI Horizon, has been retained to provide brokerage services.
FLANDERS currently operates a 10,000 SF repair facility off of Interstate 10. The addition is the second phase of an expansion that will include another 10,000 SF building.
The new building will include 4,500 SF of warehouse space and 2,250 SF of office space that will allow for expansion of shop capabilities in the existing building.
“With this expansion of our Tucson Regional Service Center, we will be able to offer additional repair and service capabilities for our local customer base,” said Josh Jones, Director of the Tucson and Mexico Regional Service Center. “We’re thrilled to be working with the Tucson office of NAI Horizon as we continue to grow.”
Improvements include paving, a concrete slab for the third phase, and the extension of a Southwest Gas line to the property. Estimated construction cost of the building and improvements is $750,000. Completion date is August or September of 2018.
“FLANDERS is a great example of Tucson’s growing Industrial base that services the mining industry,” Blanchette said. “This addition is a win-win for both the tenant and the landlord who believe in FLANDERS’ success and its commitment to Tucson as its Southwestern base.”
Other team members on the project include Greg Carlson Engineering and Jim Watson Architects.
Headquartered in Evansville, Indiana, FLANDERS is a privately owned and operated company specializing in the innovative design, manufacturing, and service of the motors, generators, controls, drives, and automation systems used in heavy industry equipment.
PHOENIX, Ariz. (August 29, 2017) – The Wild Horse Pass Development Authority (WHPDA) has named Lisa Gonzales as its Real Estate Leasing Manager.
Gonzales will be responsible for leading WHPDA’s efforts to lease lands within the Wild Horse Pass Development area, which totals more than 3,000 acres. She will advise WHPDA regarding the establishment of competitive target lease rates and leasing strategies based on comparable economic and demographic data.
She will also assist with identification of strategic long-term land-use objectives in order to achieve complementary and cohesive land uses while maximizing lease income. Gonzales will take the lead in representing WHPDA through appropriate local and regional real estate channels and will assist with lease/development proposal analysis and lease negotiations.
Gonzales previously worked as Vice President at NSD Holdings, where she responsible for a two-state, multi-building portfolio of office, industrial, retail, and medical tenants. She managed the day-to-day operations of all assets as well as in-house management and leasing. Prior to that she was with what is now CBRE, working in San Diego and Las Vegas specializing in office leasing and sales.
The Wild Horse Pass Development Area is a +/- 3,300-acre, master-planned commercial development located at I-10 and Wild Horse Pass Boulevard adjacent to Phoenix and owned by the Gila River Indian Community.
Wild Horse Pass includes the Wild Horse Pass Hotel and Casino, the Sheraton Grand Resort, the Whirlwind Golf Club, Rawhide, the Wild Horse Pass Motor Sports Park, and Phoenix Premium Outlets.
PHOENIX, ARIZONA (August 28, 2017): NAI Horizon has negotiated long-term leases totaling $8.749 million for Planet Fitness locations in Tempe, Phoenix, and Peoria.
The NAI Retail Properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, JEG-FIT, in the trio of transactions.
The team has negotiated additional long-term leases for other Planet Fitness locations this past year in Phoenix, Surprise, Queen Creek, Gilbert, and Maricopa.
“Planet Fitness has a great business model that caters to a broad range of demographics and with that model in place we were able to solidify a few transactions in areas of the Valley that are underserved,” Tworek said.
The three recent deals:
- At Greenway Park Plaza, 3202 E. Greenway, Rd., Phoenix, 22,888 square feet, $3.776 million;
- At Tempe Village Shopping Center, 1405 W. Southern Ave., Tempe, 22,664 SF, $2.941 million;
- At Fletcher Heights Marketplace, 20713 N. 83rd, Peoria, 22,899 SF, $2.031 million.
Planet Fitness continues to actively look for additional sites in Metro Phoenix.
PHOENIX, ARIZONA (August 23, 2017) – Recent transactions closed by NAI Horizon professionals in the Phoenix office.
Barbara Lloyd and Lane Neville negotiated the sale of an 11,946-SF retail property leased to CVS, representing the buyer, Michael S. and Mary M. Cho Trust, for $4.444 million. The property is located at 2500 N. Dobson Rd., Chandler, AZ. Brad Richardson of Stan Johnson Companies represented the seller, Babytail III, LLC.
Barbara Lloyd and Lane Neville negotiated the sale of a 5-acre mobile home property, representing the seller, Michael S. and Mary M. Cho Trust, for $4.05 million. The property is located at 1707 E. Apache Blvd., Tempe, AZ. Jeff Ferenz of Jeffrey Alan Adam, Inc., represented the buyer, 2075 Cottonwood Office, LLC.
Denise Nunez in partnership with Kris Wessel of NAI Martens negotiated the sale of a 93,610-SF self-storage property, representing the seller, R.D. Wood Revocable Trust & B.J. Wood Revocable Trust, for $3.85 million. The property is located at 3150 E. Reno Ave., Oklahoma City, OK. Adam Slovis of Slovis & Associates, LLC, represented the buyer, Tower Ventures CRE, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon negotiated the sale of a 5,735-SF property, representing the buyer, EPH 14, LLC, for $1.45 million. The property is located at 9455 E. Ironwood Square Dr., Scottsdale, AZ. Zak Kottler of Levrose Real Estate represented the seller, Layfield V, LLC.
Barbara Lloyd and Lane Neville negotiated the sale of a 7,558-SF retail property, representing the buyer, GGR Holdings, Inc., for $1.3 million. The property is located at 4024 E. Guadalupe Rd., Gilbert, AZ. Judi Butterworth and Lacey Eyman of Orion Investment Real Estate represented the seller, Recker-Highland Corner, LLC.
Barbara Lloyd and Lane Neville negotiated the sale of a 1-acre, build-to-suit property, representing the buyer, KJBD Properties, LLC, for $600,000. The property is located east of the SEC of Queen Creek Rd. and Power Road, Gilbert, AZ. Mike Ord of DL Slaughter represented the seller, LDR Queen Creek & Power, LLC. LGE is the general contractor and has already broken ground on the property.
Jeff Adams negotiated the sale of a 2,550-SF industrial property, representing the buyer, Falcon Airpark, LLC, for $350,000. The property is located at 460 E. Warner Road, Chandler, AZ.
Patrick Anthon represented the tenant, Varsity Tavern, in a 120-month retail lease for 10,925 SF at 501 S. Mill Ave., Tempe, AZ. Brian Gast with Velocity Retail Group represented the landlord, Century Drive Investments, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 124-month lease for 25,700 SF at 4913 W. Bell Rd., Glendale, AZ. Tim Westfall and Ryan Maroney of Newmark Grubb Knight Frank represented the tenant, American Freight of Tennessee, LLC.
Richard Foss represented the landlord, Chong Im Cho, in a 62-month industrial lease for 13,430 SF at 211 W. Vaughn Dr., Tempe, AZ.
Jeff Adams represented the tenant, Source Direct Imports, LLC, in a long-term lease for 15,893 SF at 4750 S. 32nd St., Suite 101, Phoenix, AZ. Eric Bell, Mike Ciosek and Dylan Scott of Kidder Mathews represented the landlord, 32nd Street & Weir, LLC.
Matt Harper represented the tenant, IC Wheels, LLC, in a 37-month lease for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. Mark Lewis of Luke Land Realty represented the landlord, Grand Ave. Station, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, Nowrooz Limited Partnership, in a 39-month retail lease with Scorpion CrossFit for 3,796 SF at 155 E. Ray Rd., Suites 4, 5, and 6, Chandler, AZ.
Tyler Smith represented the landlord, Surprise Mountain, LLC, in a 38-month office lease for 1,477 SF at 14780 W. Mountain View Blvd., Surprise, AZ. Megan McNulty of Morrow Hill represented the tenant, Fairway Independent Mortgage Corporation.
Jeff Adams represented the tenant, Two Three Media, LLC, in a 3+ years industrial lease for 145 E. Comstock Drive, Chandler, AZ. Jackie Orcutt and Jeffrey Wentworth of CBRE represented the landlord, BKM AZ Corp 108, LLC.
Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 1,904 SF at 2403 N. Pebblecreek Parkway, Goodyear, AZ. Hani Aldulaimi of KW Commercial represented the landlord, Sacred Spaces, LLC.
Richard Foss represented the landlord, Andre Horga, in a 26-month lease for 5,675 SF at 1334 E. Van Buren St., Phoenix, AZ.
Matt Harper represented the landlord, Zhang Family Trust, in a 40-month retail lease for 1,188 SF at 2850 N. 107th Ave., Avondale, AZ. Erick Salcido of US Preferred Real Estate represented the tenant, Johnny’s Barbershop, LLC.
Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease for 3,720 SF at 9501 W. Peoria Ave, Suites 108-110, Peoria, AZ.
Matt Harper represented the landlord, Puchhi, Inc., in a 13-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Suite 105 and 106, Peoria, AZ.
PHOENIX, ARIZONA (August 21, 2017): NAI Horizon has negotiated a long-term lease worth $1.479 million for Biscuits Café at Terrazza Center, 24874 N. 67th Ave. in Peoria, Arizona.
The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Biscuits Café, Inc. of Portland, Oregon.
“Being so close to Christ’s Church of the Valley, the owners felt it would provide excellent exposure for their concept, in a very underserved area of the Valley,” Gerow said.
Biscuits Café is in four states and now five Arizona cities: Peoria, Chandler, San Tan Valley, Surprise, and Glendale. Owners Ed and Barbara Preston have been in the restaurant business since 1968.
Biscuits Café will take 4,300 square feet at Terrazza Center. The landlord is N&I Development, LLC of Newport Beach, California.
TUCSON, ARIZONA (August 16, 2017) – Recent deals negotiated by the NAI Horizon Tucson office.
RETAIL: 250 S. Craycroft Rd., Suite 140, Tucson. Tucson Coffee Roasters leased 1,628 SF of retail space from 250 S. Craycroft; Ben Craney, Phil Skillings and Andrew Sternberg with NAI Horizon represented the landlord. Jeramy Price with Volk Company represented the tenant.
RETAIL: Block 4, Marana Main Street, Marana. JB Restaurants IV LLC leased 2,600 SF from Marana Main Gate North, LLC. Scott Soelter and Ben Craney with NAI Horizon represented the landlord. Pete Villaescusa with CBRE represented the tenant.
RETAIL: 3951 W. Costco Dr., Suite 125, Marana. Our Play Place leased 1,803 SF of retail space at 3951 W. Costco Dr., Suite 125, in Marana from Ghost 21, LLC. Dave Dutson and Ben Craney of NAI Horizon represented the landlord.
INDUSTRIAL: 4221 S. Santa Rita, Suite 101, Tucson. RB Becken, Inc. dba Jan Pro leased 3,114 SF from the Ronald W. Brown Trust. David Blanchette, CCIM, of NAI Horizon represented the tenant. Jeff Zellet with PICOR represented the landlord.
RETAIL: 3063 N. Alvernon Way, Tucson. CataVinos Wine Shoppe at 3063 N. Alvernon Way sold for $200,000 to Bronco Auto Repair. The building is 1,880 SF. Gordon Wagner from NAI Horizon was the only agent involved in the transaction.
PHOENIX, ARIZ. (August 16, 2017) – The Internet has changed how industry – including the commercial real estate community – conducts business.
At its next three events, CoreNet Global Arizona will explore how a connected world is transforming its interaction with the workforce.
Part I, Transportation, is scheduled for Thursday, August 24, at Phoenix Country Club, 2901 N. 7th St.
Panelists include Mike Medici, President and Managing Partner, SmithGroupJJR; Kathy Knoop, Principal Environmental Scientist, Electric Transportation, Salt River Project; and Kari Hartman, Business and Real Estate Advisory Services, Keyser.
The panel will explore changes in transportation paradigms and how they affect the built environment and workplace design.
The event begins at 11:30 a.m. Registration is $35 for CoreNet Global Arizona members and $70 for non-members. To register go to arizona.corenetglobal.org.
Part II, Office & Smart Buildings, is scheduled for Sept. 28; Part III, Cyber Security, is scheduled for Oct. 26
TUCSON, ARIZONA (August 15, 2017) – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194.08/SF) acquisition of a 5,874-SF retail property at 522 N. 4th Ave., in Tucson.
NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of RE/MAX Alliance Group represented Avtar C. Verma of Paradise Valley, Ariz., the buyer.
“Over the past three years we have seen a steady increasing interest in the 4th Ave. entertainment corridor for investors and local merchants,” Blanchette said. “With the completion of the Light Rail Modern Street Car and the massive infusion of capital to the Downtown Tucson renaissance, 4th Avenue is ready for its own resurgence.
“Successful restaurants and merchants are expanding like Boca Tacos and Lindy’s, and Creations Boutique, which is owned by Mr. Verma. I expect to see 4th Avenue expand its diverse and eclectic mix of restaurants, shops, and clubs to meet the growing downtown population,” Blanchette said.
PHOENIX, ARIZONA (August 14, 2017) – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million sale of Reno Avenue Self Storage in Oklahoma City.
Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of Slovis & Associates represented the buyer, a limited liability company from Memphis, Tennessee.
“It was a pleasure working with NAI Martens,” Nunez said. “The NAI partnership allowed the seller the comfort of working with someone they trusted who had local expertise while benefiting from the national exposure and expertise that my self-storage team was able to provide.
“The property was marketed utilizing the full resources of the NAI platform. The effort produced several offers and the seller and buyer commented on how pleased they were with the smooth close,” Nunez said.
Reno Avenue Self Storage sits on 5.37 acres and is well located near the I-35 and the I-40 freeways in Oklahoma City. It comprises 93,610 square with 577 units. It is the only facility within a 3-mile radius that offers climate controlled units.
PHOENIX, ARIZ. (August 9, 2017): The NAI Horizon investment sales team of Senior Vice Presidents Barbara Lloyd and Lane Neville represented the buyer in the $1.3 million acquisition of Highland Corner, 4024 E. Guadalupe Rd., in Gilbert, Ariz.
The buyer is GGR Holdings, Inc., a Nevada corporation. The seller was Recker-Highland Corner LLC.
“At 100 percent occupancy, this acquisition provides our client with a quality, stabilized asset located in a submarket with very solid demographics,” Lloyd said. “We were pleased to secure this investment for GGR Holdings in a highly competitive buying environment for assets in this price range.”
The property is a retail strip center and totals 7,558 square feet. Tenants include Tutoring Club, Can Dance, Hair Unlimited, and Sun Valley Nails. Judi Butterworth and Lacey Eyman of ORION Investment Real Estate represented the seller.