by Peter Madrid | Jan 10, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 10, 2023) – Arizona Multihousing Association, the statewide trade group for the apartment industry, announces the election of its 2023 officers and board members.
AMA’s 2023 Board Chair is Linda Coburn with NexMetro Development. She is joined by Lisa Rosenfeld, vice chair, HSL Asset Management; Adam Greco, treasurer, Mark-Taylor Residential; Stacy Hogue, secretary, Greystar Real Estate; Scott Hines, immediate past chair, PEM Real Estate Group; Michelle Howland, IPC executive, Blue Steel Security Services; and Mark Zinman, ex-officio legal, Zona Law Group.
“With the support of my fellow board members, I have no doubt we will deliver on and achieve goals we have set for the new year,” Coburn said. “AMA provides leadership for Arizona business and government. In that regard, we will continue to be the ‘go-to’ voice for Arizona housing issues. AMA has been among the top industry organizations in Arizona and will continue to be. With more than 100,000 new residents moving into the state each year, our industry will continue to be an economic engine. That translates to more than 1 million new Arizonans this decade, and about 10,000 new apartments each year to meet the rising demand for housing.”
Board members for 2023: Flor Aparicio, Chamberlain + Associates; Elizabeth Beaulieu, Quarterpenny Management; Krisanne Beckstead, Picerne Real Estate Group; Ann Boosma, MEB Management Services; Luz Bruscini, MEB Management Services; Reid Butler, Butler Housing Company; Amy Campbell, P.B. Bell Companies.
Tracy Carboun, Greystar Real Estate Partners; John Carlson, Mark-Taylor Residential; Bry Carter, The Phoenix Staffing; Monica Chesley, Burns Pest Elimination; Nicole Churchill, Greystar Real Estate Partners; Stacey Deal, Kay-Kay Realty; Ann Diaz, AZ 1st Realty Management LLC; Anna DiSabato, Dunlap & Magee.
Kohl Eisenhour, Avenue 5 Residential; Chris Evans, HSL; Greg Flatt, MC Companies; Tim Furnas, Avalanche Security Services; Kristine Hedlund, Cox Communications; Kristin Heiple, Baron Property Services; Khara House, Bella Investment Group; Michelle Jenson, Sares-Regis Management Company.
Jim Kowalski, Kowalski Construction; Sharon Kuhlman, Asset Living; Dustin Lacey, Mark-Taylor Residential; Sara Luster, Gorman & Company; Pam McCarthy, Fairfield Residential; Kaitlyn Miller, Western Wealth Management; Lisa Osborn, Priderock Capital Partners; Kim Pacheco, Scotia Group Management.
Brandi Reynolds, RENCO Roofing; Stacey Searl, Weidner Apartment Homes; Michelle Sinclair, Evergreen Devco, Inc.; Greg Stobart, MG Properties; Dallin Tippets, Rainforest Plumbing & Air; Luis Verger, Asset Living; Christopher Walker, Clark & Walker, P.C.; Debbie Willis, P.B. Bell Companies; and Rodney Wilson, Greystar Real Estate Partners.
AMA is the statewide trade association for the apartment industry, representing more than 360,000 rental housing units and 2,600 members in legislative, legal and regulatory matters. The AMA provides services, products, educational programs and networking opportunities to promote ethical, quality rental housing throughout Arizona. For more information, visit azmultihousing.org.
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by Peter Madrid | Jan 9, 2023 | News & Updates
GOODYEAR, ARIZ. (Jan. 10, 2023) – Phoenix West Commercial represented the tenant, a full-service financial firm, in a long-term lease at Anchor Centre East in the well-positioned Camelback Corridor in Phoenix.
Phoenix West Commercial (PWC) Vice President | Principal ELi Mastracci, CCIM, represented First International Bank & Trust, which already leases space on the first and third floors of the office complex at 2231 E. Camelback Road. The lease is for the first-floor space of 7,959 SF.
First International Bank & Trust, a full-service, family-owned, community bank offering a wide range of financial services, is headquartered in Watford, North Dakota. It has offices in North Dakota, South Dakota, Minnesota, and Arizona.
“This year, our branch at Anchor Centre East had quite the challenge ahead of us – the renewal of our first-floor space amid a tight suburban office submarket, record-high rental rates, and many moving parts,” said Michael Bosh, Assistant Vice President | Corporate Counsel and David Pankow, Senior Vice President | Director of Real Estate and Construction for First International Bank & Trust. “ELi was able to successfully navigate us through this transaction, in which we accomplished all our objectives. He was very communicative, professional, and detail-oriented through the entire process.”
The building features a common conference room, a common fitness room, and the popular Gladly restaurant on the first floor.
“This was a very complex transaction due to the nature of two leases in separate spaces, all in the same project, that coincide with each other,” Mastracci said. “It was a genuine pleasure working with the corporate team. I’m glad that First International accomplished all that was necessary in the process, and I sincerely look forward to our continued relationship.”
The landlord, Anchor Manager, Inc., a Florida Corporation and subsidiary thereof TerraCap Management, LLC, was represented by Chris Walker with Cushman & Wakefield.
About Phoenix West Commercial
Phoenix West Commercial, LLC is a commercial real estate brokerage located in Goodyear, Arizona. We have access to local, national, international deals, clients and properties. Phoenix West Commercial agents have true respect and encourage the communities’ evolution. Since 2012, our team has produced highly successful transactions. We serve and provide professional, commercial real estate services throughout Arizona and the U.S. We’ve helped customers in various industries and scenarios from banking, retail, medical, industrial, government, and land sales for developers, investors, landlords and tenants. For more information visit phxwc.com.
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by Peter Madrid | Jan 9, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 10, 2023) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, kicks off 2023 with a Foreign Direct Investment update as the topic for its January lunch.
An outstanding panel of experts will discuss the flow of projects led by international companies into the Valley including the massive, $12 billion Taiwan Semiconductor Manufacturing Company (TSMC) plant being built in north Phoenix. The facility is expected to begin mass production in 2024.
“One of the benefits of working for the regional economic development organization is the line of sight on the origin of new investment into the region. We’re seeing the number of international projects surpassing the number of companies relocating out of California, which has traditionally been our largest generator of prospects,” said AZCREW President Samantha Pinkal with the Greater Phoenix Economic Council (GPEC).
“They make up about 20 percent of our portfolio of clients and we expect this trend will continue given the growth of the semiconductor, solar, battery, and electric and autonomous vehicle industries.”
The panel was assembled to cover various perspectives: foreign investor, service provider, regional economic development, and federal programming and assistance.
“I’m excited about how our panelists will be able to shed light on the experience at the ground level of these international investments and how our members can best prepare themselves to service these new clients’ unique needs,” Pinkal added.
Panelists include Ruth Soberanes, International Trade Specialist, U.S. Commercial Service; Casey Gilchrist, Senior Director, International Business Development, Greater Phoenix Economic Council (GPEC); Laura Franco French, Director, State Government Relations, TSMC; and Brooke Taff, Business Development Manager, Wood, Patel & Associates, Inc.
The event is Jan. 24 from 11:30 a.m. to 1 p.m. at the offices of Kitchell, 1707 E. Highland, Ave., Phoenix. The registration fee is $45 for members; $65 for non-members. Register here.
About AZCREW:
AZCREW is the local affiliate of CREW Network. CREW Network is at the forefront of achieving gender equity and greater diversity in commercial real estate. We will achieve this by transforming the industry by advancing women globally. Our membership offers unparalleled business development, leadership opportunities and networking both locally in your market and globally across our 12,000-member base. For more information visit arizonacrew.org.
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by Peter Madrid | Jan 9, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 9, 2023) — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, announced its 2023 officers and board members.
Melissa Scott, CMCA, AMS, RPA, with Sunbelt Holdings, begins her second term as chapter President. She is joined by Vice President Kathryn Rhinehart, CMP, RPA, LEED Green Associate, MODE Commercial; Secretary/Treasurer Amanda Forsmo, Ryan Companies US; and Allied Chair Mike Caratachea, BrightView Landscape.
“I am extremely excited for our new leadership group and to continue the work we started last year in moving BOMA Phoenix forward as an industry leader in real estate and education,” Scott said.
Board members for 2023: Monica Andreas, Titan Restoration of Arizona; Patti Brown, CPM, RPA, Cushman & Wakefield; Kate Bryce, Wentworth Property Management; Monica Greenman, CPM, MBA, RPA, Transwestern; Patty Hartley, MODE Commercial; Suzanne Logan, Go To Services; Alexis Matt, Newmark; Emily Mehta, Shorenstein Realty Services; and Michael Scott, Rose Paving. The board will elect its governor.
Board members serve no more than two consecutive 2-year terms and then must take one year off before becoming eligible to serve again. An officer may serve up to two consecutive terms in an officer position (if re-elected) after which time the officer must either run for a different officer position, run for the board if their term limits are unexpired, or take at least one year off the board to satisfy the term limits.
About BOMA
The Building Owners and Managers Association (BOMA) International is a federation of 93 BOMA U.S. associations, BOMA Canada and its 11 regional associations and 13 BOMA international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including nearly 10 billion square feet of U.S. office space that supports 3.7 million jobs and contributes $205 billion to the U.S. GDP. Its mission is to advance the interests of the entire commercial real estate industry through advocacy, education, research, standards and information. BOMA Greater Phoenix has been federated with BOMA International since 1940. Find BOMA International online at www.boma.org
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by Peter Madrid | Jan 9, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 10, 2023) – Arizona Masonry Council, the trade group that builds and supports a stronger foundation for the state’s masonry industry, announces the election of its new officers and board of directors. Each will serve a 2-year term.
Dave Endres, Superlite Block an Oldcastle company, was selected as the group’s chair. He will be joined by Brendon Sarracino, Sargon Masonry, vice chair; Matt Montgomery, Best Block, secretary; and Melonie Leslie, G & G Masonry, treasurer.
“I am looking forward to working with our Board of Directors for the next two years to continue bringing value to our membership,” Endres said. “We have quite a bit of momentum entering 2023, including our veterans’ initiative and our expanding student chapter.”
New board members include Ben Hazelton, Paragon; Scott Palmer, Salt River Materials Group; Moroni Mejia, Hobbs Masonry; Jon Roberts, ReCreate; Ryan Ross, Block-Lite; Dave Shea, New Master Block; Tyler Smith, Yavapai Block; Mike Summers, Top Quality Masonry; and David Peloke, Sun Valley Masonry.
“We have a lot to be excited about in 2023. We have recently rolled out our Masonry Contractor Certification Program and the industry’s first Machine Operator Training Program. We will also launch our Leadership Training Program early this year,” said Arizona Masonry Council Executive Director, Dawn Rogers. “We look forward to leveraging the strength of our Board of Directors to continue to advance and support the industry.”
Arizona Masonry Council empowers the industry through education, promotion, recognition, and events. These include the Excellence in Masonry Awards, Apprenticeship Graduation Dinner, Fastest Trowel competition, and professional awards.
About the Arizona Masonry Council
The mission of the Arizona Masonry Council is to create significant and lasting positive change for the Arizona masonry industry and to reinforce that our systems provide the premier building envelope solution in the minds of public and private owners, developers, architects, engineers, general contractors, and the general public. The Council and its members have played a significant role in economic development, new product and construction standards, enhanced safety policies and increased energy efficiency of masonry products. It has also been on the forefront of developing and implementing statewide education programs for the professional community as well as students from college to the high school level. The Arizona Masonry Council can be reached at (602) 265-5999 or visit azmasonry.org.
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by Peter Madrid | Jan 5, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 5, 2023) — The Arizona Chapter of NAIOP, the commercial real estate development association, just released its 2023 legislative agenda. This year’s priorities focus on fundamental issues crucial to maintaining a stable business environment and making it easier for new development projects to come online.
“With Katie Hobbs as our new governor and many new members of the state Legislature, we are excited to get to work on policies that will bolster sustainable growth and build on Arizona’s business attraction successes,” said NAIOP Arizona President and CEO Suzanne Kinney. “Even with economic headwinds, our state is positioned to come out on top in the race for new businesses looking for the optimal location to expand.”
During the 2022 session, NAIOP realized a long-term goal of reducing Arizona’s commercial property tax assessment ratio to 15 percent. Working with legislative leaders such as House Speaker Ben Toma and Sen. J.D. Mesnard, the association looks forward to supporting legislation to accelerate the implementation of this important tax reduction.
As NAIOP expands its membership to multifamily developers, it is actively engaged in the critical debates over how to fast-track the development of projects that will add to the housing stock while addressing affordability challenges.
As demonstrated by Kinney’s recent testimony before the Housing Supply Study Committee, NAIOP is ready to offer fresh ideas on how to break down impediments to increasing the supply of multifamily units and reducing costs in a way that can be passed on to renters.
Water availability is critical to our future considering ongoing scarcity. NAIOP will work collaboratively with Colorado River basin states and Arizona’s diverse water stakeholders to ensure municipalities have the water needed to attract advanced manufacturing and other large investments.
Energy policies that maintain reliability, affordability, and choice while moving towards more renewable sources will be essential as the state looks toward a cleaner and more sustainable future. Natural gas, nuclear, and solar should all be part of the mix during a transition that ensures baseload capacity while building reliance on renewables.
“Training the workforce requires near-term solutions to immediate talent shortages in the construction, engineering, and general business workforce combined with longer-term plans to satisfy increasingly complex needs,” Kinney said. “Resolving the K-12 aggregate expenditure limit will fix a short-term problem, but NAIOP also supports innovative solutions to meet the workforce needs of tomorrow for skilled crafts and other professionals.”
Download NAIOP Arizona’s full 2023 Legislative Agenda here.
About NAIOP
NAIOP, a 20,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail, multifamily and mixed-use real estate. The Arizona Chapter represents over 1,000 members and is among the largest in the 50+ network.
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by Peter Madrid | Jan 3, 2023 | News & Updates
TEMPE, ARIZ. (Jan. 4, 2023) ‒ A new veterans’ initiative and a big year for the local student chapter. Those are just two of the major highlights celebrated by the IFMA Greater Phoenix Chapter in 2022, according to President Marshall MacFarlane.
“As we head into 2023, I am struck by several things in the facilities management world – locally, around the world, and in our chapter. In 2022 we left the high-tempo, reactionary world of COVID-19 behind and started dipping our toes in the waters of the ‘new normal,’” MacFarlane said. “Our chapter fared better than many IFMA chapters, providing virtual events, then hybrid, then back to in-person.
“Both on a financial basis, an activity basis, and a membership basis our chapter stayed strong, and this is in no small part due to the amazing work done by our board members and the chapter’s committees. Facilities managers are veterans of not only their core strengths, but the new skillsets brought around in a post-COVID world.”
What has buoyed the industry, MacFarlane explained, the knowledge and experience of its professionals was suddenly pushed to the front – cleaning, logistics, operations, health and safety, and communications.
“All of those things previously taken for granted by many, were now necessities. Many of us had been doing these things for years, and in COVID, we showed the world our worth and our ability. Globally, the profession that has been evolving for decades is taking a significant turn,” MacFarlane said.
Chapter highlights of 2022:
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New IFMA veterans’ initiative
The chapter’s newest community launched in September. The military community will bridge the gap between active-duty military and veterans with facility management-specific skills and the facility management profession. IFMA requested help from all chapters, communities, and components to support this mission and to ensure that they are successfully supporting active duty and veteran facility managers.
The military community asked for volunteers from each component to help share materials and connect active-duty military and veterans with the new community and the global IFMA network. The hope was to start with a handful of components and eventually expand so that the industry has military ambassadors working in all areas of facilities management.
They were looking for volunteers and the Phoenix chapter filled that commitment, MacFarlane said.
They include the Advocate: One person from each component who will work with leadership to facilitate the recruitment and retention of military veterans; the Wingman: a member with prior military service who will be connected with each new military or veteran member; and the Liaison: a person who will be a link between their component and the military community.
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Support for the student chapter
The board recommended and approved a one-time cash infusion of $2,500 meant to offset expenses such as meals and travel for the student chapter meetings. After a brief sponsorship campaign faltered in the community this past fall, board members pointed out that financially they were in a position to help the student chapter.
MacFarlane explained this is meant to give the students time to plan for and implement future fundraising strategies in the community. Board members cited not only the importance of having a student chapter, but also noted the success, enthusiasm and momentum of the current Student Chapter.
“I enter my last term as president grateful to the community, our members, and our board for the support,” MacFarlane said. “We have accomplished a lot, and much of the credit goes to our board, which has always been pro-active and involved. The chapter is also fostering a renaissance of its government facilities management subgroup, the Arizona Government Facilities Alliance (AGFA). I’m excited to see its progress.”
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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 | Jan 3, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 4, 2023) – Commercial real estate industry leader and business development expert Cassie Wells has announced the formation of a woman- and minority-owned firm, Modern Business Development.
Wells, who will hold the title of CEO, launched Modern Business Development to represent the niche market of subcontractors and service providers in Metro Phoenix who require business development services but aren’t ready to hire a full-time Director of Business Development.
Modern Business Development will provide clients with the following:
- Exclusive representation in their field of expertise;
- Specific project and/or end-user project opportunities;
- Representation and participation in the largest networking organizations in the Valley, including but not limited to NAIOP Arizona, Arizona Builders Alliance, and ULI Arizona;
- Multiple introductions to industry professionals who can help provide the client with long-term recurring business.
“While my primary roles are to secure projects and contracts and to be an industry presence for my clients at networking events, I also understand the importance of helping them develop long-lasting relationships,” Wells said. “I don’t just focus on today, but my strategy involves ensuring my clients are prepared for tomorrow.”
A native of Phoenix, Wells, 32, formed Modern Business Development after more than 10 years at CCS Presentation Systems. She served as Corporate Sales Manager, Corporate Relationship Manager, and Account Manager at CCS.
Wells graduated Magna Cum Laude with a bachelor of science in marketing from the W.P. Carey School of Business at Arizona State University. She is involved with NAIOP Arizona and its Developing Leaders, ULI Arizona, and the Society of Saleswomen.
Wells was recently awarded Commercial Integrator’s 40 Influencers Under Forty, Class of 2022. She also co-authored and presented at the 2022 Worldwide IFMA Conference, “The Facility Managers Guide to Audio Visual Technology.”
Wells and her husband, Paul, have two children. In her free time Wells enjoys spending time with her family and fishing. She recently took up golf.
For more information, visit modern-bd.com.
by Peter Madrid | Dec 20, 2022 | News & Updates
PHOENIX, ARIZ. (Dec. 20, 2022) – NAIOP Arizona’s Developing Leaders Young Professionals Group (YPG) mentorship program closed out its 11th year with the annual team competition and graduation of 25 protégés.
Mentors and protégés of the 2022 class gathered on Dec. 7 at The Henry for a reception, presentations, and dinner. The 25 protégés, grouped into five teams, each pitched a development proposal for a site located in an Opportunity Zone at 48th Street and Washington near Phoenix Sky-Harbor International Airport to a potential equity partner.
As part of their equity partner’s review of the development proposals, presentations were judged by the projects’ ability to provide the highest and best use of the site while generating a positive yet realistic projected return on investment.
Chris Beall with JLL and Alex Boles with ViaWest Group served as 2022 program chairs.
“This year’s group was a special combination of young professionals who received a crash course in due diligence, underwriting, and development. The YPG program offers a unique opportunity for each participant to grow, learn, and, most importantly, network with other driven young professionals who are hoping to increase their understanding of the industry,” Boles said.
The 2022 winner, Crosswind Logistics, is a two-wing industrial park. Team members included Alex Briestensky, ViaWest Group; Sid Carrell, Layton Construction; Mark Dorsey, Cushman & Wakefield; Lauren Lovell, CBRE, and Ryan Short, Cotton Architecture + Design. The team was led by mentor Collin Weisenburger of Trammell Crow Company.
“As a mentor for the 2022 YPG class, I was able to benefit from the program as much as the participants,” Weisenburger said. “Each team provided creative solutions to develop the site. It was great to see the participants use real-world data to inform their proforma.”
Additional mentors for this year’s class were Derek Flottum, The Opus Group; Dave Krumwiede, Lincoln Property Company; Steven Schwarz, ViaWest Group and Josef Pappas, Sunbelt Holdings.
“I know I speak for my group when I say that the NAIOP YPG program was an incredible learning experience,” Lovell, an associate at CBRE, said. “So many factors contributed to the complexity of the project. The fact that our site was located in an Opportunity Zone – the easements and soil remediation needed at this particular site, the rise in construction costs, and the instability of the debt market – all of these real-world factors helped us better to understand the development process as a whole in real-time.”
Other program graduates included:
Team Krumwiede: Molly Ahrens, Adolfson & Peterson Construction; Tim Kempton, CBRE; Drew Kiel, SPS+ Architects; Joe Pierson, Lincoln Property Company; and Sydney Setnar, JLL
Team Flottum: Drew Butler, Willmeng; Jarrod Howard, JLL; Sam Jones, Colliers International; Taylor Rice, Butler Design Group; and Spencer Wood, Enterprise Bank & Trust.
Team Schwarz: Molly Hunt, Cushman & Wakefield; Colter Kilgour, George Oliver; Samara Miller, Kimley-Horn; Brian Silverstein, CLAYCO; and Hayden Thomson, FirstBank.
Team Pappas: Jonathan Jaggard, Fundamental Income; Ryan Lehane, Hines; Connie Nelson, CBRE; Nick Whitehouse, Lee & Associates Arizona; and David Wilson, Corgan.
The NAIOP Arizona Developing Leaders Young Professionals Group class of 2022.
About NAIOP
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 20,000 members in North America. The Arizona Chapter is among the largest in the bi-national network with over 1,000 members. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org or naiopaz.org.
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by Peter Madrid | Dec 20, 2022 | News & Updates
PHOENIX, ARIZONA (Dec. 20, 2022) – A land sale in Casa Grande and office sales in Gilbert, Glendale, and Mesa highlight recent deals closed by NAI Horizon professionals. The four deals total $6.4 million.
Sale Transactions:
Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of 12.09 acres for $3.65 million, representing the buyer, Real Estate Equities, LLC. The property is located at SEC E. Korsten Road & N. Trekell Road in Casa Grande, AZ. The seller, Trekell-Korsten 17, LLC, was represented by Bea Lueck, with Coldwell Banker ROX Realty.
Laurel Lewis negotiated the sale of a 2,939 SF office building for $1.05 million, representing the seller, Hyadoc Consultants, Inc. The property is located at 2730 S. Val Vista, Gilbert, AZ. The buyers, Zzzenesthesia, LLC, Aum Investing, LLC, and Jadava Holdings, LLC, were represented by Alec Duffy and Alan Laulainen with Ascension.
Thomas Bean, CCIM, and Matt Harper, CCIM, negotiated the sale of a 6,516 SF office building for $900,000 representing the seller, Empire Properties, Inc. The property is located at 5322 W. Northern Ave., Glendale, AZ. The buyer, Going the Extra Mile, LLC, was self-represented.
Rick Foss negotiated the sale of a 4,000 SF office building for $825,000 representing the seller, RBJWL Trust. The property is located at 414 S. Grand St., Mesa, AZ. The buyer, Stapley Center, LLC, was represented by Affire, LLC.
Lease Transactions:
Laurel Lewis represented the tenant, Neighborhood LTC Pharmacy, Inc., in a 91-month office lease for 7,625 SF at 690 N. Cofco Center Court, Phoenix, AZ. The landlord, MSCI 2006-HQ10 Cofco Center Court, LLC was represented by Jimmy Cornish with JLL.
Kevin Higgins represented the landlord, Bogle Acquisitions, LLC, in a 65-month office lease for 9,778 SF at 7243 N. 16th St., Phoenix, AZ. The tenant, Jonathan A. Dessaules, P.C., was represented by Trevor Pratt with JLL.
Gabe Ortega, Chris Gerow and Shelby Tworek along with Jack Gallagher with KW Commercial, represented the tenant, Scrubs & Beyond, LLC, in a 60-month retail lease for 4,200 SF at 9320 W. Northern Ave., Peoria, AZ. The landlord, HMPS Peoria, LLC, was represented by Torrey Briegal with Phoenix Commercial Advisor.
Dylan Whitwer represented the tenant, Open Arms Life Center, LLC, in a 62-month office lease for 2,970 SF at 726 N. Greenfield Road, Gilbert, AZ. The landlord, Stretch Internet Real Estate Holdings, was represented by Langdon Bridges with CPI.
Matt Harper, CCIM, represented the landlord, MUFG Union Bank NA, in a 64-month retail lease for 2,000 SF at 13681 N. Litchfield Road, Surprise, AZ. The tenant, Troub’s Butcher Shop, LLC, was self-represented.
Joe Pequeno and Troy Giammarco represented the tenant, Arizona Alternative Support, LLC, in a 36-month office lease for 4,600 SF at 793-797 N. Alma School Road. The landlord, Monele, LLC, was self-represented.
Thomas Bean, CCIM, and Matt Harper, CCIM, represented the tenant, Complete Wellness Solutions, LLC, in a 62-month office lease for 2,833 SF at 2920 N. 24th Ave., Phoenix, AZ. The landlord AZH Brothers Investment Group, LLC, was represented by Paul Fox with CPI.
Larson Wilcke represented the tenant, Homer Farms Inc., in a 36-month industrial lease for 8,000 SF at 2750 W. Palm Lane, Phoenix, AZ. The landlord, Wakiza Gamez, c/o Francisco Studios, was self-represented.
Thomas Bean, CCIM, represented the landlord, State Bar of Arizona, in a 60-month office expansion lease for 7,055 SF at 4201 N. 24th Street, Phoenix, AZ. The tenant, Tyler Allen Law Firm, PLLC, was self-represented.
John Filli represented the landlord, ZEAD Family Limited Partnership, in a 120 month office lease for 1,494 SF at 2525 W. Carefree Highway, Phoenix, AZ. The tenant, Edward D. Jones & Co, L.P. was represented by Larry Miller Jr. with Mutual Property Advisors, LLC.
Matt Harper, CCIM, represented the landlord, United Group, LLC, in a 66-month retail lease for 1,312 SF at 709 W. Ray Road, Gilbert, AZ. The tenant, MPGaston, LLC, was represented by Derek Stilwell with 1st Class Commercial.
Joe Pequeno and Troy Giammarco represented the tenant, Turn Back Time Day Spa in an 86-month office lease for 1,033 SF at 9310 N. Central Ave., Phoenix, AZ. The landlord, Ventra, LLC, was represented by Jeff Hambro with DAUM Commercial Real Estate.
Matt Harper, CCIM, represented the landlord, Olivia Pearl, LLC, in a 76-month retail lease for 1,400 SF at 2430 W. Apache Trail, Apache Junction, AZ. The tenant, Cat Wagon Tap and Bottle Shop, LLC, was represented by Ryan Edwards with CPI.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 61-month office lease, for 1,188 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Arizona Perinatal Trust, was self-represented.
Matt Harper, CCIM, represented the tenant, Polka Dot Bikini Wax, LLC, in a 61-month office lease, for 853 SF at 17235 N. 75th Ave., Glendale, AZ. The landlord, Arrowhead Executive Properties, LP, was represented by Bill Cook with Plaza Companies, AMO.
Kevin Higgins and Laurel Lewis represented the tenant, Collective Design Build, in a 41-month industrial lease at 560 N. Bullard Ave., Goodyear, AZ. The landlord, Bullard Commerce Center, LLC, was represented by Bonnie Halley with Colliers.
Matt Harper, CCIM, represented the landlord, B & A, LLC, in a 40-month retail lease at 520 W. Union Hills Drive, Phoenix, AZ. The tenant, Douglas Jeetong Tang, was self-represented.
Kevin Higgins represented the tenant, Theut, Theut & Theut, P.C., in a 24-month office lease, for 2,000 SF at 4531 N 16th St., Phoenix, AZ. The landlord, Poston Properties, LLC, was represented by Kelly O’Dea with Marcus & Millichap.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Achuldjian, LLC, in a 12-month office lease for 2,935 SF at 4616 N. 51st Ave., Phoenix, AZ. The tenant, Amanah Health, LLC, was represented by Fletcher Perry with Kidder Mathews.
Matt Harper, CCIM, represented the tenant, Kade Mechanical, LLC, in a 24-month industrial lease at 4202 E. Elwood St., Phoenix, AZ . The landlord, Pegasus Airport Owner, LLC, was represented by David Bean with CPI.
Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 36-month retail lease at 11001 N. 99th Ave., Peoria, AZ. The tenant, Cherise Kiel, was self-represented.
Matt Harper, CCIM, represented the landlord, FEMAD, LLC, in a 19-month land lease for .67 AC at 4101 W. Bethany Home Road, Phoenix, AZ. The tenant, ACS Concrete, LC, was self-represented.
Matt Harper, CCIM, represented the landlord, SAJ Properties, LLC, in a 12-month retail lease at 15420 N. 67th Ave., Glendale, AZ. The tenant, Choice Community Association Management, Inc., was self-represented.
Matt Harper, CCIM, represented the landlord, 1241 E. Broadway Plaza, LLC, in a 13-month retail lease at 1241 E. Broadway, Mesa, AZ. The tenant, Native Country Healthcare Systems, LLC, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Achuldjian, LLC, in a 3-month office lease, for 1,065 SF at 4616 N. 51st Ave., Phoenix, AZ. The tenant, Premium Health OC, Inc., 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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