by Peter Madrid | Apr 26, 2023 | News & Updates
TEMPE, ARIZ. (April 26, 2023) ‒ Built environment industry professionals traveled to San Francisco earlier this month to participate in the International Facility Management Association’s (IFMA) Facility Fusion Conference & Expo. Participants included members of the IFMA Greater Phoenix Chapter.
The event provided an opportunity for participants to reconnect with their colleagues from all over the globe and to exchange best practices, ideas, and more. The broad range of professionals gave participants the opportunity to be back in collaborative spaces that extend beyond the computer screen. IFMA and other organizations like it rely on the collective efforts of individuals to provide a valuable member experience that gives back to their professional journey.
“People join IFMA for two reasons – to learn and to network,” said Kate North, Global Chair of the WE Community to open the conference.
Throughout the week, Facility Fusion participants were engaged with one another on a level that has not been experienced in quite some time. Over the past three years many businesses and organizations have asked themselves:
“What will the commercial space look like following the effects of COVID?”
As the third year of the pandemic ends, professionals are beginning to see what the new normal consists of. With much of the workforce opting for remote or hybrid work (despite the subtle urgency from executives and upper management to return to office) the primary use, maintenance, and operating logistics of commercial space is still reliant on the execution of strategic care.
Within this pivoting industry, building operators and facility managers are in desperate need of solutions that not only satisfy the new demands of the decade, but also budget restrictions, sustainability initiatives, and effective technology.
Following educational sessions and discussion panels, attendees engaged with each other.
“Many of those mini discussions led to a meal filled with laughter and inspiration as the connections grew in quantity and strength,” said Kristy Schlesselman, Social Media Manager, Lead Management Institute, and Co-Chair, PR & Marketing Committee of IFMA Phoenix Chapter. “It is the meaningful relationships that drive most contributions. The continuation of networking groups and conferences is instrumental in the evolution of what comes from these contributions.”
This year, IFMA chapter leaders had endless takeaways from memory enhancement techniques to strategic practices to manage and drive membership, sponsorships, and opportunities.
The IFMA Greater Phoenix Chapter leaders, Kathleen Severson (Chapter Administrator), Monisa “MJ” Manju Nagarajan Gomathi (VP of Professional Development), Ted Ritter (IFMA Fellow), and Schlesselman, presented at the conference, sharing their best practice chapter secrets, and also learned fresh ideas to help elevate the chapter.
The most common pain point shared between the majority of IFMA segments was volunteerism while the industry is facing a labor shortage. Conferences like this one allow individuals facing the same challenges to bring varying perspectives that result in the solutions needed for today’s challenges.
Facilithon
Members of the IFMA Greater Phoenix Chapter, along with other industry professionals, participated in “Facilithon,” a facilities management-based skills competition. The competition was part of the Arizona Skills USA State Championship April 11-12. The event brought together high school-aged students from throughout Arizona to compete in varying trades competitions. Students competed in everything from crime scene forensics to plumbing, electrical, masonry, and many other skills.
The “Facilithon” team presented students with a written quiz, along with a scenario-based problem and accompanying presentation. Many of the solutions the students produced were well in alignment with solutions suggested by the veteran facility managers that were judging. Many of the students had no prior exposure to facilities management.
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About IFMA
Founded in 1980, IFMA is the world’s largest and most widely recognized international association for facility management professionals, supporting more than 24,000 members in 105 countries. The association’s members, represented in 134 chapters and 17 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services. IFMA certifies facility managers, conducts research, provides educational programs and produces World Workplace, the world’s largest facility management conference and exposition.
The Greater Phoenix Chapter of IFMA, formed in 1985, is one of the top association chapters in the world and winner of IFMA’s Large Chapter of the Year in 2012. It is dedicated to continuous improvement of the facility management profession by providing relevant educational and networking opportunities for its membership while supporting the community as a whole. For more information about the Phoenix chapter ifmaphoenix.org.
by Peter Madrid | Apr 20, 2023 | News & Updates
TUCSON, ARIZONA (April 20, 2023) – The Tucson office of NAI Horizon has added to its retail and office brokerage staff with the hiring of Associate Katie Bathgate.
Bathgate comes to NAI Horizon after spending several years in the entertainment business at CBS/Paramount and the Walt Disney Company. She earned her Arizona real estate license this year.
“We are pleased that Katie has joined our NAI Horizon team to embark on her real estate career,” said Ben Craney, Managing Director in the Tucson office.”
Bathgate is an expert at computer-based data storage and management, communication and collaboration, and implementation of tracking systems. She possesses a strong background in program development, staff leadership and supervision; along with establishing, leading, and motivating high-performance teams.
She is proficient at building and strengthening long-term relationships with both team members and executive personnel to create and maintain optimal workflow and communication.
Born and raised in Southern California, Bathgate earned an M.S. and a B.S. from California State University-Fullerton. Bathgate also served as Health and Wellness Director at the YMCA of Orange County in Newport Beach, California.
Bathgate is a former NCAA Division I athlete having competed in cross country and track at Cal State Fullerton. Away from the office, she enjoys hiking, spending time with her fiancé and playing in a women’s flag football league.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | Apr 18, 2023 | News & Updates
As part of 10th anniversary, alumni will be honored at the event.
PHOENIX, ARIZ. (April 18, 2023) – The 10th REIAC/Rockefeller Group Challenge will again offer a cash prize to a winning team of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.
The event is on May 3 at Arizona Country Club, 4668 E. Orange Blossom Lane, in Phoenix. Registration and networking begin at 3:30 p.m. The presentations are from 4:30 to 5:30 p.m. with voting and announcement of the winning team shortly after. A networking mixer will be held after the announcement.
A 10th-anniversary presentation recognizing MRED Challenge alumni will be held at 4 p.m. Those honored include Julie Harris, Class of 2017; Robby Leonard, Class of 2018; Alex Boles, Class of 2018; Anna Sepic, Class of 2017; Devin Beasley, Class of 2014; and Wil Hogue, Class of 2020, Alumni Board President.
“The REIAC/Rockefeller Challenge has become one of our most anticipated and attended events. REIAC’s Program Committee and Board are proud to continue the relationship with ASU’s MRED program and look forward to this year’s event, the 10th anniversary,” said REIAC Southwest President Karla Moran with SRP.
Three competing teams of graduating ASU MRED students will each present their development proposal for the vacant 218 acres owned by Mayo Clinic at 56th to 64th streets and Mayo Boulevard. Student teams will present their response to a request for development proposals created with Mayo and the MRED program.
Student teams are competing to be master developers by presenting proposals to the district. The district has earmarked the property for commercial development that would financially benefit its community members. Students will make proposals to the district to act as co-developer with University Realty.
“This is their thesis – their culminating experience requiring use of all they have learned,” said Mark Stapp, Executive Director of the MRED program. “These projects are wicked problems that test students’ knowledge and would challenge anyone, even the most experienced of us.”
Each team is allotted 10 minutes to present a development solution for a storied piece of Arizona commercial real estate, followed by questions from the audience. Audience members will vote to choose the winning team after the presentations, awarding each winning team member a $1,000 check up to $6,000.
“The Rockefeller Group is honored to participate in what has become an annual tradition that has provided additional motivation for MRED students to be selected as one of the top three teams to compete in the Challenge,” said Mark Singerman, Past President of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor.
“The inspiring and creative solutions the teams have presented at the Challenge over the years demonstrate what a fabulous job Mark Stapp and his staff have done in preparing the students for careers in real estate development and investment,” Singerman said.
Registration is required for the event. Registration fee is $30 for non-members and $20 for students and closes May 1. Register here.
About REIAC
The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions. The invitation-only group limits its membership to senior-level executives at companies, who act as principals, and whose function is to develop, acquire, manage and/or finance commercial real estate. Institutional quality programs and peer-to-peer relationship-building opportunities have established REAIC’s reputation throughout the national real estate investment community as one of its premier associations. www.reiac.org
About MRED
In nine months, the W. P. Carey Master of Real Estate Development (MRED) prepares students to lead real development projects that are environmentally respectful, socially responsible, and artfully designed. The MRED program is transdisciplinary, aligning principled instruction with dynamic real-world application. MRED is a unique partnership between four highly regarded schools within Arizona State University:
by Peter Madrid | Apr 18, 2023 | News & Updates
TUCSON, ARIZONA (April 18, 2023) – The Tucson office of NAI Horizon is pleased to announce the recent addition of Harry Law, a commercial real estate agent specializing in industrial properties.
Prior to joining NAI Horizon, Law gained valuable experience in residential real estate, selling houses and residential land for a year. After a year in residential real estate, Law decided to pursue a career in commercial real estate.
“We are excited that Harry chose to join our NAI Horizon team to continue his real estate career and strengthen our industrial group,” said Ben Craney, Managing Director in the Tucson office.
Law said he was attracted to the more relationship-based nature of the business. He met with several brokers in search of the right opportunity and joined NAI Horizon.
“I discovered NAI Horizon was a good fit for me because of how it allows its brokers to be entrepreneurial,” Law said. “It gives me the freedom to work with clients in a way that’s tailored to their unique needs, which is what I’m passionate about.”
Law graduated from the University of Arizona, earning his degree in economics. He obtained his real estate license upon completion of his studies. He was a member of the Theta Xi fraternity.
Away from the office, Law enjoys working out, cooking, and reading.
“I’m excited to continue growing my career at NAI Horizon and delivering exceptional results for my clients,” Law said.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | Apr 15, 2023 | News & Updates
SCOTTSDALE, Ariz. (April 17, 2023) – Davis Commercial AZ is proud to announce that U.S. Navy veteran and first-year commercial broker Quentin Hick has been accepted into the W.P. Carey Master of Real Estate Development (MRED) program at Arizona State University.
At Davis Commercial AZ, Hick specializes in land, leasing, investments, and owner-user opportunities.
The MRED program is a transdisciplinary partnership between four highly regarded schools within ASU: W. P. Carey School of Business, Sandra Day O’Connor College of Law, Herberger Institute for Design and the Arts, and Del E. Webb School of Construction.
The MRED brings together all four disciplines, giving students a well-rounded real estate development education – providing new perspectives and strengthening their decision-making skills. Three formal MRED synthesis projects cover the entire spectrum of development, from residential to mixed-use. Each synthesis project is presented to and evaluated by industry leaders and MRED faculty, providing feedback.
“We are so proud of Quentin and his accomplishments,” said Andrea Davis, CCIM, Owner/Designated Broker at Davis Commercial AZ. “He sets a goal and tackles it head-on. The sky is the limit for his talent.”
Hick is actively involved with the ULI Young Leaders Group and the local chapter of CCIM, for which he performs volunteer work. He earned a B.S. in psychology from ASU.
A native of Westerville, Ohio, Hick was raised in Marysville and Sutter, California. In his free time, he enjoys archery, Hoover Ball, and Jiu-Jitsu.
ABOUT DAVIS COMMERCIAL AZ
The goal of Davis Commercial AZ is to empower developers, businesses, and investors in commercial real estate and build wealth for its clients. Engaged in enriching clients’ real estate assets, the Davis Team has closed more than $500 million in property deals in 10 years. Ranking Arizona regularly places Davis Commercial AZ in the top 10 category for Brokerage. Company CEO and Designated Broker Andrea Davis, CCIM, is a respected educational blogger for the BrokerList. LinkedIn and Twitter acknowledge Davis as a top commercial influencer and thought leader. Her book, SimpLEASEity™, neutralizes leasing fears and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is scheduled to be released this year. For more information visit DavisCREAZ.com.
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by Peter Madrid | Apr 13, 2023 | News & Updates
IRVINE, Calif. – April 13, 2022 – Rockefeller Group, the U.S. real estate developer, owner, and operator, announced that it has purchased a 25-acre parcel on Sweetwater Avenue in Surprise, Arizona, for $12 million.
The company will develop Surprise Pointe Commerce Center, a 415,000 SF speculative distribution center, on the property. The project is designed to accommodate one to four tenants and offers a 36-foot clear height, 83 dock doors, a 185’ truck yard, 103 truck trailer parking stalls, 466 auto-parking stalls and custom-designed office space. Surprise is part of the Southwest Valley industrial submarket.
“Rockefeller Group is excited to be developing a new industrial project in the Phoenix area and in Surprise, a great center for business,” said Marc Berg, Vice President and Regional Director for Rockefeller Group’s West Region. “Because of the location’s access to both Interstate 10, and Loop 303, combined with a friendly community that welcomes businesses, we are confident that Surprise Pointe Commerce Center will attract tenants from e-commerce, manufacturing, and suppliers to the growing semiconductor industry.”
In May 2020, Taiwan Semiconductor Manufacturing Co. (TSMC) announced a $12 billion investment in the company’s chip manufacturing plant in Arizona. In December 2022, the company increased its investment to $40 billion in the 1,100-acre project and numerous suppliers have followed TSMC, creating demand for industrial buildings throughout Metro Phoenix.
The site is also strategically located near other transportation corridors including U.S. 60, Interstate 17, and Loop 101 will allow this new industrial building to serve not just Phoenix but Las Vegas, Tucson, Albuquerque, and all of Texas.
“Absorption rates for industrial in the Southwest Valley are actually higher than in the Inland Empire in California, which has historically been one of the top markets for industrial,” said Berg. “People are flocking to Surprise and the surrounding areas. The area’s diversified economy and good employment base make the Surprise Pointe Commerce Center the ideal location for businesses adding jobs.”
Cooper Fratt of CBRE and Kirk Kuller of Cushman & Wakefield represented Rockefeller Group and will handle the marketing and leasing of the project. Ware Malcomb will design the project and Layton Construction will be the general contractor. Rockefeller Group’s civil engineer, who has extensive experience in Phoenix, is Hunter Engineering.
About Rockefeller Group:
Rockefeller Group develops, owns, and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of office, multifamily, industrial and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately 6 MSF of world-class office space in Manhattan. Visit RockefellerGroup.com.
by Peter Madrid | Apr 13, 2023 | News & Updates
PHOENIX, ARIZONA (April 13, 2023) – An NAI Horizon office properties team facilitated four long-term leases in the Valley totaling more than 15,000 SF, highlighting the firm’s recent deals. Among the deals brokered by Troy Giammarco and Joe Pequeno was a long-term lease for 11,270 SF in Phoenix.
Lease Transactions:
Troy Giammarco and Joe Pequeno represented the tenant, Imani Capital Holdings Inc., in a 60-month office lease for 11,270 SF at 4550 N. Black Canyon Highway, Phoenix, AZ 85017. The landlord, 4550 N. Black Canyon Hwy, LLC, was represented by Jonathan Levy with SVN.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, T.L. Tea, LLC, in a 120-month retail lease for 1,260 SF at 2743 South Market St., Gilbert, AZ. The landlord, San Tan MP, LP, was represented by Brian G. Pyke with Retail Insite.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Grace Power & McKellips Retail, LLC, in a 60-month retail lease for 2,426 SF at 1829 N. Power Road, Mesa, AZ. The tenant, Gem and Bead Mall, was represented by Heather Valdes with Hague Partners.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Grace Power & McKellips Retail, LLC, in a 60-month retail lease for 1,200 SF at 1829 N. Power Road, Mesa, AZ. The tenant, Red Mountain Garment Cleaners, LLC was self-represented.
Thomas Bean, CCIM, and Matt Harper, CCIM, represented the landlord, Huntington Square Baseline, LLC, in an 80-month retail lease for 2,040 SF at 3119-3227 S. Mill Ave., Tempe, AZ. The tenant, Captain Tattoo Art Collective Tempe was self-represented.
Joe Pequeno and Troy Giammarco represented the tenant, Phoenix Psychiatric Therapies, LLC, in a 39-month office lease for 1,249 SF at 2345 S. Alma School Road, Mesa, AZ. The landlord, Tinalden Ventures, LLC was represented by Jamie Swirtz with CBRE.
Joe Pequeno and Troy Giammarco represented the landlord, Ninety One, LLC, in a 36-month office lease for 871 SF at 102 W. Hatcher Road, Phoenix, AZ. The tenant, Sepulveda’s Landscaping and Services, LLC, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, in a 60-month office lease for 2,989 SF at 4616 N 51st Ave., Phoenix, AZ. The tenant was represented Joe Pequeno and Troy Giammarco with NAI Horizon.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 24-month office lease for 597 SF at 7227 N 16th St., Suite 221, Phoenix, AZ. The tenant, Onyx Communications, LLC, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 6-month office lease for 575 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, ALK Asphalt, LLC, was self-represented.
Matt Harper, CCIM represented the landlord, Robert & Arlene Thatcher, in a 12-month retail lease for 650 SF at 5832 W. San Miguel Ave., Glendale, AZ. The tenant, Jesus Guerra and Naid Mera, were self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease for 1,818 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, ALK Asphalt, 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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | Apr 12, 2023 | News & Updates
The 11-acre development, located on the SEC of Val Vista Drive and East Mercy Road, will be comprised of a two-story retail, restaurant and office space, a two-story flagship Starbucks, a regional headquarters for Bell Bank, a Residence Inn by Marriott and a Homeward Suites Hotel; Sigma Contracting is the general contractor.
SCOTTSDALE, ARIZ. (April 12, 2023) — Diversified Partners, the leading Scottsdale real estate brokerage and development company, announced the groundbreaking for its Mercy Center development project, located at 3635 S. Val Vista Drive in Gilbert, Ariz.
The groundbreaking ceremony, held on April 6, was attended by a large crowd, which included Gilbert Mayor Brigette Peterson, Councilmember Bobbi Buchli, Councilmember Jim Torgeson, Gilbert Chamber of Commerce President and CEO, Sarah Watts, among others.
The construction will be led by Sigma Contracting, Upward Architects will serve as the project’s architect and Rick Engineering Company will serve as the civil engineering firm.
Nestled in the heart of the Mercy Gilbert medical district, the $125 million project will cover more than 11 acres. A two-story, flagship Starbucks with unique firepit feature and patio space on both levels will sit on front of Val Vista Drive. The development will also feature a two-story retail, restaurant, and office space, which has already attracted a variety of tenants, including Gallery Nails, Nautical Bowls, Live Hydration Spa, Prizm Dental, Singh Dhillon Pediatric Dentistry, and Willow Midwife.
“I love seeing developments provide well-planned solutions to needs within our community. This development includes two hotels that will provide necessary and quality hospitality choices for families and visitors of loved ones at Mercy Gilbert Medical Center and the soon-to-open, Phoenix Children’s Hospital, just steps across the street,” said Mayor Brigette Peterson. “This development also includes a one-of-a-kind two-story Starbucks that will allow hospital staff, visitors, and community members to grab a quality beverage, relax at a table or sit by a firepit on one of the patios. Diversified Partners continues to bring forth quality developments within the community.”
The building design will feature a unique concept, similar to Diversified Partner’s project on Scottsdale Road and Chauncey Lane (where the restaurant Cold Beers & Cheeseburgers is located). Restaurant drive-thrus actually go through the building.
The eastern half of the property will be home to a five-story Residence Inn by Marriott, a Homewood Suites Hotel and a regional headquarters for Bell Bank on an exquisitely designed, three-story bank building. Other popular tenants that will be joining the Mercy Center include Chipotle and 7-Eleven.
“We’re excited to bring this legacy property to the Gilbert community,” said Walt Brown Jr., CEO and founder of Diversified Partners. “Our goal is to create a destination that meets the needs of the growing community and enhances the surrounding area.”
As one of the fastest-growing cities in the United States, the Town of Gilbert has seen substantial population growth and is home to 285,756 residents. Its population makes it the sixth-largest municipality in the state and the most populated incorporated town in the nation.
This development marks Diversified Partners’ continued growth in the Arizona market, following the success of other projects in Metro Phoenix, including its recent $100 million investment in commercial real estate in Glendale, Ariz.
For more information and to view all projects in progress, visit www.dpcre.com.
About Diversified Partners
Diversified Partners is an Arizona-based commercial real estate brokerage and development company that offers a wide range of services for tenants, property owners, investors, and developers in all facets of real estate. As experts who know the land, the business and the real estate marketplace, Diversified Partners provides comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting, and brokerage. Learn more at www.dpcre.com. Follow Diversified Partners on Facebook, Instagram and Twitter @dpcre.
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by Peter Madrid | Apr 11, 2023 | News & Updates
PHOENIX, ARIZONA (April 11, 2023) – A purveyor of luxury food supplies to the hotel and restaurant industries is expanding its warehouse and cold storage space by taking 46,339 SF at 3717 W. Washington St., in Phoenix, in the Reywest Commerce Park.
NAI Horizon Executive Managing Director Isy Sonabend and Associate Drew Eisen represented The Chef’s Warehouse West Coast LLC of Phoenix and Ridgefield, Connecticut, in a long-term lease valued at $8.55 million.
The Chef’s Warehouse is a purveyor and curator of the world’s finest specialty foods, supplies, and ingredients for fine dining at hotels, restaurants, country clubs, and fine food stores. The supplier is moving out of a smaller warehouse in Tempe.
“Culinary should be added to the ‘5 Cs’ that once described Arizona’s economic drivers. The hospitality industry is back to pre-pandemic levels, and the Arizona culinary experience is soaring, enhanced by the variety of premier food products and ingredients sourced by The Chef’s Warehouse,” Sonabend said. “This larger space will add to its already noteworthy presence in the Valley.”
This property at 3717 Washington St., in Reywest Commerce Park, was built in 1991 and renovated in 2012. It features cold storage warehousing with cold loading dock and a large secure truck court.
The landlord, CPT Condor Washington LLC of Costa Mesa, California, was represented by Phil Haenel of 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 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and consistently delivering 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | Apr 6, 2023 | News & Updates
PHOENIX, ARIZONA (April 6, 2023) – The residents of Sun City Oro Valley are beneficiaries of a new community center, thanks to a sale facilitated by NAI Horizon.
First Vice President Michael Gaida represented the seller, Oro Valley Holdings, LLC, in the $4.5 million disposition of the Copper Health Oro Valley property at 1119 E. Rancho Vistoso Blvd., in Oro Valley.
The buyer was the Sun City Oro Valley Community Association.
The seller was in contract negotiations with a national skilled nursing operator for several months that never materialized in a sale, Gaida said. The ownership group decided to shutter the business, transfer patients, and sell the real estate alone.
There was immediate interest in the real estate from several rehabilitation operators looking for space. Sun City Oro Valley was land-locked on commercial building space, making the property that much more attractive.
“Mark Wade, General Manager of the community association, had been actively seeking properties that could be used as a civic center for activities; this property and layout fit perfectly for the needs of the neighborhood association,” Gaida said. “Mark had stiff competition. There were three other active buyer letters of intent to purchase within the first two weeks of listing. Mark came through for his community and neighbors.”
The building, which served as a skilled nursing and rehabilitation facility, totals 22,260 SF.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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