by Peter Madrid | May 11, 2022 | News & Updates
SCOTTSDALE, ARIZONA (May 11, 2022) – Delivering a much-needed medical building to the bustling West Valley, Sigma Contracting, Inc. completed site work and is going vertical with Arrowhead Endoscopy Center in Glendale, Arizona.
The 12,280 SF building sits on 2.3 acres at 17438 N. 71st Drive, in Glendale. Owned by Pavasime LLC, the facility is scheduled to open this summer. The architect of record is Phoenix-based, triARC Architecture & Design.
The new construction project consists of a single-story medical facility with associated site improvements and parking for a group of practitioners that has been together for 11 years. It will become the new facility for this group of doctors expanding their ability to help the local community that requires these procedures.
Demand for outpatient medical services, including upper endoscopies, colonoscopies and endoscopic ultrasound, has necessitated a larger facility. The new facility will have six pre-procedure bays, procedure rooms, and six post-procedure recovery bays, as well as consult and office space.
“Sigma has been very excited to be working with triARC Architecture & Design, a noted leader in medical facility design and architecture,” said Sigma President Dan Hinkson. “This project will bring needed space to accommodate the market demand for Arrowhead Endoscopy’s services in the surrounding community, as well as add to Sigma’s continually expanding portfolio in medical projects.”
The city of Glendale is experiencing unprecedented growth in both commercial development and job creation. With a 2020 population of approximately 260,000 residents, it is the seventh-largest city in Arizona and the 87th largest city in the U.S. Glendale is currently growing at a rate of 0.94% annually and its population has increased by 14.53% since the most recent census, which recorded a population of 226,721 in 2010.
“It was delightful to have the opportunity to create this project for Arrowhead Endoscopy with the great team at Sigma. Despite supply chain challenges, Sigma is delivering this top-notch medical facility to the West Valley,” said Jill B. Hamblen, AIA, Principal at triARC Architecture & Design.
Notable subcontractors on Arrowhead Endoscopy include Crawford Mechanical Services, HVAC, plumbing and medical gases; C&G Masonry, masonry; Decode Electric, electric; Amber Steel, steel; and Mission Underground, utilities.
ABOUT SIGMA CONTRACTING INC.
Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.
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by Peter Madrid | May 10, 2022 | News & Updates
PHOENIX, ARIZ. (May 11, 2022) – NAI Horizon’s Church Realty Solutions practice led by Thomas Smith, represented the seller, the buyer, and a new landlord in the $1.425 million investment sale and long-term lease of Celebration Lutheran Church in Peoria, Arizona.
Smith, a Senior Vice President with NAI Horizon, represented the seller – off of a referral from Earle Shroyer of Realty Executives – Celebration Lutheran Church of Peoria, and the buyer, a private investment partnership from Phoenix.
The property is located at 8726 W. Olive Ave., in Peoria.
In a separate transaction, Smith represented the new owner in a long-term lease totaling in excess of $500,000. Calvary Chapel Arrowhead was looking to move its church to a more dynamic and capable set of facilities while remaining in Peoria.
Smith assists and serves churches in acquiring new buildings, in leasing part or all of their existing facilities, supports owner churches in creating new revenue sources from partial and or part-time leasing of their facilities, and creates strategies to repurpose buildings to accommodate places of worship, consolidates, and assists with the sale and disposition of properties and facilities for churches of all sizes and styles. Smith also brings in smaller churches to sometimes share space on off-sabbath days at market rental rates
“Another option for a struggling church that is facing diminishing congregational growth is a sale-leaseback in which a church sells its property, banks its equity or uses it to rebuild ministries, and then leases the property back from the new owner/landlord,” Smith said. “This is a message that is being heard in church real estate but not acted on often enough to date.
“The strategy is to bring in another church entity as buyer or a specific investor profile that will, encourage a challenged church to look to achieve a strategic transaction known as a sale-leaseback. The more traditional approach to capturing inflated equity in a church facility is to sell and seek to either lease or buy a smaller facility thus lowering expenses while recapitalizing a church’s financial position,” Smith said.
Built in 1994, the 6670 SF property features traditional church architecture – a sanctuary, kitchen, offices, a conference room, restrooms, storage room, and classrooms. There are also peaceful fellowship areas outside and inside the main building. Additionally, a vacant piece of land totaling more than 2 acres was included in the sale transaction.
“For me, the Church Realty Solutions practice is part business and part ministry and serves as my driving purpose to create and deliver world-class professional real estate services to communities of faith,” Smith said.
Janel Wangsness with Keyser represented the Calvary Chapel Arrowhead tenant, which already has seen new congregants and made improvements to the existing facilities.
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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by Peter Madrid | May 9, 2022 | News & Updates
SCOTTSDALE, ARIZ. (May 10, 2022) ‒ After eight years working for a commercial landscaping company in the Valley, Fernando Torres found himself at a career crossroads – remain in a successful and lucrative position or take a leap of faith and go into business for himself.
His “aha moment” occurred in a most unconventional place – the bathroom at his Scottsdale home. Torres, President of CimeX Control Pest Management, explains the moment.
“My former employer had a niche pest control component,” he said. “I helped them out, so I had to be licensed. I kept the license for three years. Then one day I’m taking a shower, trying to figure out my next career move. What do I see but a cockroach? For some reason, it hit me, ‘pest control.’ I told my wife. She said ‘I think that’s what you need to do.’ I was scared to start my own business. But then she told me, ‘We’re doing it.’”
CimeX Control Pest Management is celebrating its 5-year anniversary. It has moved into a larger space and has added new employees. More importantly, it has sparked a true entrepreneurial fire in Torres.
“Our growth has been organic,” Torres, 47, said proudly from his company office at 7652 E. Greenway Road, in Scottsdale. “I had some connections from my old job. I’m not a corporate kind of guy, so it was mainly by word of mouth that I let people know I was in business for myself.
“I would talk to commercial building managers and take them to lunch. ‘Just give me one building,’ I would tell them, and I will show you. I don’t have a sales pitch. I educate. Here’s how I can help you. Then it began to snowball,” he said.
Torres and his wife and co-founder, Ann Torres, launched CimeX in July 2017 when the LLC went live. Torres, working out of his home, bought a new truck and a backpack and took his first job on September 5. “It was just me and the truck,” he said.
The company did about $25,000 in revenue for the last four months of the year.
“A lot of friends were giving me business,” he said. “The fact that we actually launched the company was really cool.”
By 2018 CimeX was experiencing rapid growth. By the summer he couldn’t sustain it by himself. The money was rolling in but he didn’t have a life.
“My wife said, ‘Do you want to be self-employed or do you want to be an entrepreneur,” he recalled.
He hired his first employee. He was now working out of a storage bin. Revenue increased to $225,000 in his first year.
Company growth continued in 2019 with the addition a second employee and a move to an even bigger storage bin. The company had two trucks on the road. More important, Torres was now able to run the company, although he did continue to service some clients. The year ended with revenue surpassing $450,000.
Another employee joined the company in 2020 when revenue reached $700,000. Clients now included industry heavyweights Amazon, Cushman & Wakefield, CBRE, Prologis, Lincoln Property Company, and others. In 2021 Torres hired another employee and added an office manager, who worked from home. Revenue ballooned to $840,000.
“At this point, we really started to grow quickly,” he said. “People were now promoting the company; we also picked up some condominium projects providing termite control services.”
Torres sits confidently behind his desk at the company’s new location, tucked away among an array of businesses in the shadow of Scottsdale Airpark. He employs four full-time techs, and the office manager now actually sits in the office.
What’s next for Ann and Fernando Torres and CimeX?
“We are on track to realize $1.1 million in revenue this year,” he said. “It’s going to be exciting to use have those seven figures in our books. The next 5 years? I don’t want to grow too big. I want to create a business that treats employees the way I always wanted to be treated when I was one.”
CimeX has already branched out with work in Casa Grande and Maricopa. Torres said he is eyeing the Tucson market since many of his Valley clients have property there as well. His plan is to buy a small pest control company with a name and presence in Tucson and rebrand it. In the next three years, he would also like to buy his own commercial building and lease out the extra space.
“I don’t want to be the biggest, I want to be the best,” he said.
Torres recently joined the industry group IREM Greater Phoenix. He wants to make sure CimeX gives back to the community and participated in the annual Brokers for Kids fund-raising event in Scottsdale.
The name of the company? Cimex is a genus of insects that includes bed bugs. Torres said his wife had one request when they were selecting a graphic artist to design a logo.
“Ann said she didn’t want a bug on the company logo,” she said with a laugh.
To learn more about CimeX Control Pest Management visit cimexcontrol.com.
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by Peter Madrid | May 9, 2022 | News & Updates
TEMPE, ARIZ. (May 9, 2022) – Bolstering its presence in one of its strategic markets, engineering consultant firm Terracon announces the promotion of Tracy Grover to Senior Vice President/Rocky Mountain Division Manager.
Grover, who has been with Terracon for 7 years, previously was the firm’s Vice President/Assistant Service Line Director for Materials, Western U.S., where he was involved with the firm’s technology and innovation development and adoption, and leadership development.
Grover has been in the engineering and consulting industry for more than 30 years and has served in many roles including construction inspector, project manager, office manager, and regional manager.
Grover will be responsible for the safety, growth, leadership and direction of Terracon’s employee-owners and services in the Rocky Mountain Division. This includes Montana, Idaho, Wyoming, Utah, Colorado, North Dakota, Arizona, and New Mexico.
“I am confident that Tracy’s proven track record in leadership, operations, and technical excellence will allow the Rocky Mountain Division to continue to thrive under his leadership,” said Tim Anderson, Executive Vice President/Western Operating Group Manager.
Grover is actively involved with the American Concrete Institute, and currently chairs ACI 311 Committee, Inspection of Concrete. He has also been involved with the Arizona Airports Association (AzAA) where he served on its Public Relations Committee.
Born and raised in eastern Idaho, Grover has lived all over the Western U.S. including Washington, Utah, Wyoming, Colorado, New Mexico, and Arizona. Grover and his family moved to Arizona 11 years ago.
Away from the office, he enjoys waterskiing, wakeboarding, hiking, fly-fishing, and spending time with his family, which includes his wife, five children and four grandchildren. He attended the University of Utah.
Grover has served for more than 30 years in various roles with his church, the Church of Jesus Christ of Latter-Day Saints. He has organized countless activities with the youth to teach them outdoor skills and how to enjoy and take care of the natural environment.
Terracon is an employee-owned consulting engineering firm with more than 5,400 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states.
Terracon ranks 21st on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
To learn more about Terracon visit www.terracon.com.
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by Peter Madrid | May 9, 2022 | News & Updates
Three teams compete in the finals of the 9th Annual Arizona State University MRED event
PHOENIX, Ariz. (May 9, 2022) – A mixed-used development. An entertainment-anchored district. A multifamily master-planned community.
When the dust settled at the 9th annual REIAC/Rockefeller Group Challenge at Arizona Country Club, it was the San Lucy Plaza project of Diamond West Development Company (DevCo) that took home the cash prize of $3,000 among the three teams of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.
This year the subject property was 25 vacant acres at the SWC of 91st and Northern avenues in Peoria, Arizona. It’s a portion of the land held in trust for the San Lucy District of the Tohono O’odham Nation.
Student teams responded to a fictitious request for development proposals in a competition to be the master developer by presenting proposals to the District. The District has earmarked the property for commercial development that would financially benefit its community members. Six teams presented to the District and three were selected by REIAC and faculty to compete in the Challenge.
The winning team of Joseph Reyes, Lauren Madu, and Jeremy Real said the goal was to “think bold; to think big. To leave a lasting legacy.”
San Lucy Plaza comprises office, retail, hospitality, and 325-unit multifamily community. The design was inspired by the natural environment; the main street is in the shape of a canyon with family entertainment, indoor and outdoor rock-climbing gyms.
“That (the canyon) is the heart and soul of the development,” Real said. “We even plan for a zip line through the heart of the plaza.”
The development has three goals, the team said: to be culturally relevant; to be family-focused and to provide significant financial benefits for the District.
“Although there is one winner in the Challenge, all student teams do excellent work. Each year we have great people involved, and even greater development projects to judge,” said Mark Stapp, director of the MRED program. “It’s the faculty that delivers the content that’s so important to people in the industry. That was especially true for this particular assignment. The mentors and students alike were phenomenal. This is as rich and as real as we can make it.”
The other finalists and their projects:
>> Alphabet DevCo: Andrea Alley, Alex Bluth, and Colin Ceithaml presented San Lucy North, a mixed-use development consisting of 50,000 SF of retail, 195,000 SF of office, and a 224-unit Class A multifamily community.
>> Sonoran Development: Matt Brock, Juan Montoya, Kimberly Rollins, and Joe Siehlmann presented The District at Northern, a $52 million master-planned community. It includes a restaurant, hotel, and 448-unit multifamily project.
Each team was allotted 10 minutes to present a development solution followed by questions from the audience. Audience members chose the winning team immediately after the presentations.
“Two things get better every year,” Stapp said. “One is the support that comes from the REIAC membership and Rockefeller Group because that’s how this becomes real in terms of the student experience and not just in theory. The student experience continues to improve as we develop an alumni base who give back. As the program develops a reputation, we get better students every year.”
In addition to sponsoring the annual Challenge, REIAC Southwest awards two $2,500 scholarships to MRED students that have a financial need and want to pursue real estate careers in Arizona after they graduate.
“As we look forward to next year, the 10th anniversary of the challenge, I continue to be impressed by the scope and execution of the presentations,” said Mark Singerman, Rockefeller Group Vice President/Regional Director and past REIAC Southwest President. “Rockefeller Group is extremely proud to have its name associated with this great program.”
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 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 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:
- The W. P. Carey School of Business
- The Sandra Day O’Connor College of Law
- The Herberger Institute for Design and the Arts
- The Del E. Webb School of Construction https://programs.wpcarey.asu.edu/masters-programs/real-estate-development
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by Peter Madrid | May 9, 2022 | News & Updates
PEORIA, ARIZ. (May 10, 2022) – As the founder and president of a woman-owned commercial brokerage firm specializing in healthcare real estate, Melynn Wakeman says the past 5 years building her company have been some of the best days and some of the most trying days of her life.
“Founding a company from the ground up is hard work, as is being a commercial real estate broker. In the end, you either give up or knock it out of the park, which is what we are planning on doing, one small step at a time,” said Wakeman, whose brokerage firm, Wakeman Integrity, celebrates its fifth anniversary this year.
Melynn Wakeman
Founded in 2017, Wakeman Integrity bucked the trend of downsizing during the COVID-19 pandemic. Instead, Wakeman grew her company in 2020 with the addition of two brokers and a team of marketing, website, legal, and accounting consultants.
Currently, Wakeman Integrity has added a project manager and IT programmer for the workflow automation along with recruiting a business developer.
“The purpose for founding Integrity was out of the desire to do commercial real estate in a new modern way,” Wakeman said. “Through workflow processes, simplifying the day by adding technologies, virtual assistances and offering a nurturing environment for not only our customers but for those we stand side by side in a deal and do so with class and Integrity.
“Our business tag line ‘Where a handshake still means something,’ represents the ethics of having your word mean everything, and standing by that word, no matter what.”
Wakeman Integrity had a modest beginning. Wakeman opened the office as a one-person operation then added an administrator, Marion Chaney, a year later. Wakeman added agent Kristin Glavin, whose specialties included assisted living, behavioral health, chemical dependency centers, and hospitals.
Wakeman Integrity currently represents Hammes Partners, the largest healthcare developer/investor in the U.S. in a new, ground-up 45,000 SF Class A medical office building in Buckeye, Arizona, one of the fastest-growing cities in the U.S.
Wakeman Integrity also represents Akos, a 68,000 SF Class A medical office campus in Avondale, leasing 12,224 SF with a 12-year term in the first 60 days of listing execution.
The company added Real Nex Software for CRM and market edge and developed a virtual work-flow process. The addition of Glavin paid off. She closed the following deals:
- A 12,000 SF lease representing Sunrise Native Recovery;
- Represented Hope & Healing outpatient care facility;
- Represented Wisemind Sober Living facility;
- Represented Zika Recover by leasing with an option to purchase Serenity Care Hospital, located in Sun City West, a deal well over $5 million.
“Being a business owner is about relationships and time. By looking at how things or processes are being done today and developing a better way is the true definition of being a passionate, visionary entrepreneur,” Wakeman said.
For more information visit www.integrityRealty4U.com.
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by Peter Madrid | May 6, 2022 | News & Updates
PJD’s expansion is in response to builders’ needs and market demand in growth markets across the country.
PHOENIX (May 6, 2022) – Phoenix-based Paul Johnson Drywall, Inc. (PJD) announces closing its investment in Vatos Drywall, a long-term and prolific residential drywall contractor based in Orlando, Florida and serving multiple markets across the state.
PJD’s purchase of Vatos grows its service capacities in the region and expands secure access for residential builders to PJD’s industry-leading platform.
Orlando’s construction market has proven robust and outperformed virtually all other market service areas. The residential construction sector remains the largest by a significant margin and makes up more than half of all construction volume.
Cole Johnson
Cole Johnson, president of PJD, spoke about the substantial contribution the unification of PJD and Vatos will bring to the market.
“As residential builders are struggling to have their needs met in a professional and timely manner across the country, we have sought out the highest quality subcontractors in a number of markets and are bringing them onto PJD’s platform.
“We are confident that with this highly strategic move, we will immediately leverage Vatos’s existing team and excellent reputation with our proven systems to deliver a consistent offering to our customers paired with the quality of service they expect and deserve. This is an exciting time for our Company. We are proud to bring Vatos onboard, and we see terrific prospects continuing for the housing market ahead.”
Combining the PJD and Vatos teams is the firm’s latest success in growing its national footprint. PJD plans to keep all Vatos employees, who will continue to be led by Mr. Luis Rodriguez. Every employee will immediately benefit from PJD’s nationally recognized Good Jobs workforce strategy.
About Paul Johnson Drywall:
Established in Phoenix, Arizona, in 1967, by Paul Johnson Sr., Paul Johnson Drywall enjoyed its prominence as one of the largest specialty contractors in the Southwestern United States for more than 25 years. The Johnson family has recently expanded the company’s product offerings to include gypsum underlayment, concrete topping, and balcony waterproofing and has expanded the geographic service areas to now include Tucson and Prescott, Arizona; Las Vegas, Nevada; Denver, Colorado, and now Orlando, Florida. The near-term future includes geographic expansions into Nashville, Tennessee; Atlanta, Georgia; and Salt Lake City, Utah. The family-owned business has long been the drywall contractor of choice for the most prominent single-family and multi-family builders, providing on-time, high-quality drywall, and related construction services for projects across the region. With safety, efficiency, quality, and professionalism as its core values, Paul Johnson Drywall attracts and maintains the best crews, meets deadlines, and delivers on its customers’ expectations, establishing its reputation as the leader in the industry. More information is available at pauljohnsondrywall.com.
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by Peter Madrid | May 4, 2022 | News & Updates
PHOENIX, ARIZONA (May 4, 2022) – Sales of retail, office, and industrial properties, and 3.77 acres of land, highlight recent deals facilitated by NAI Horizon professionals. The six sales fetched $9.55 million.
Sale Transactions:
Jason Griffith (NAI Excel), Gabe Ortega, Chris Gerow, and Shelby Tworek negotiated the sale of a 16,600 SF retail building, representing the buyer, Salt Castle Trust, for $6 million. The property is located at 13847 N. Northsight Blvd., Scottsdale, AZ. The seller, Bradley Investments, LLC, was represented by Joe Cosgrove with LevRose CRE.
Joan Krueger negotiated the sale of a 5,168 SF office building, representing the seller, SRH LLC, for $1.35 million. The property is located at 2353 E. Baseline Road, Gilbert, AZ. The buyer, Healthy U, was represented by Corey Taber with Equity.
Joan Krueger negotiated the sale of 3.77 acres, representing the seller, Silverado Development Inc., for $1.2 million. The property is located at Loop 202 & Broadway Road, Mesa, AZ. The buyer, 5228 S. Blackstone LLC, was represented by Donna Walkosz with eXp Realty.
Jay Mininberg and Thomas Bean, CCIM, negotiated the sale of a 2,216 SF office, representing the seller, Levin Family Holdings, LLC, for $750,000. The property is located at 11111 N. Scottsdale Road, Scottsdale, AZ. The buyer, TKBPE Revocable Family Trust, was represented by Ken Clarke with Home Smart.
Jeff Adams negotiated the sale of a 6,326 SF industrial building, representing the seller, Kelly Bohannon, for $700,000. The property is located at 3220 N. Delaware, Tempe, AZ. The buyer, 3220 N. Delaware, LLC, was represented by Matt McDougall with Lee & Associates of Arizona.
Matt Harper, CCIM, negotiated the sale of a 1,200 SF retail building, representing the buyer, Cindy Sourn & Francis Florita, for $300,000. The property is located at 199 E. Butte Ave., Florence, AZ. The seller, Eugene J Marr & Kim Marr, were represented by Kari Bradley with Kari Bradley & Associates.
Lease Transactions:
Isy Sonabend and Drew Eisen represented the landlord, VWP 48th Street Owner, LLC, in a 63-month industrial lease for 42,122 SF at 3232 S. 48th St., Phoenix, AZ. The tenant, Monterrey Tile AZ, LLC, was represented by Tom Ellixson with Menlo CRE.
Sharon Reeves, Gabe Ortega, Chris Gerow and Shelby Tworek represented the tenant, Ta’ Carbon The Real Mexican Grill #3, LLC, in a 129 -month retail lease for 6,330 SF at 6750 W. Peoria Ave., Peoria, AZ. The landlord, EC Crossroads II, LLC, was represented by Stan Sanchez & John Jackson with Colliers International.
Laurel Lewis represented the tenant, Optum Serve Health Services, Inc., in a 63-month office lease for 4,490 SF at 8950 S. 52nd St., Tempe, AZ. The landlord, Orsett Agave, LLC., was represented by Gregg Kafka with Lee & Associates.
Jeff Adams represented the tenant, Adams Disaster and Restoration, Inc., in a 61-month industrial lease for 11,008 SF at 600 S. 56th St., Chandler, AZ. The buyer, Fairview I Property Owner, LLC, was self-represented.
Dylan Whitwer and Don Morrow represented the tenant, Devine Care Family Services, in a 38-month office lease for 1,785 SF at 5501 N. 19th Ave., Phoenix, AZ. The landlord, Parkwood, LLC, was represented by Emily Curry with Colliers.
Joe Pequeno and Troy Giammarco represented the tenant, AZ Express Glass and Mirror, LLC., in a 36-month industrial lease for 1,925 SF at 3116 W. Thomas Road, Phoenix, AZ. The landlord, Pegasus West Valley North Owner, LLC, was represented by Adam Shteir with Citywide Commercial.
Matt Harper, CCIM, represented the landlord, Ed Rapee Living Trust, in a 36-month retail lease for 1,000 SF at 4031 N. 24th St., Phoenix, AZ. The tenant, Alexis Bautista, was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, 2540 E. Thomas Road, LLC., in a 16-month office lease for 1,200 SF at 2540 E. Thomas Road, Phoenix, AZ. The tenant, Squeeze Management, was self-represented.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Ruth E. Davies, in a 12-month office lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Noomi Transportation, LLC., was represented by Aaron Seabaugh with MCG Commercial.
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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by Peter Madrid | May 3, 2022 | News & Updates
SCOTTSDALE, ARIZONA (May 3, 2022) – Diversity is a broad term. In real estate, it means representing all communities with a variety of racial, ethnic, socioeconomic, and cultural backgrounds, and a wide range of lifestyles and experiences.
It’s recognizing and representing different demographic groups in a given market area resulting in better advocacy for education, homeownership and private property rights. In order for real estate companies to be able to relate to a diverse population, it’s important to have representatives of these diverse populations providing input to decisions.
ULI Arizona’s DEI Committee presents “Advancing Arizona’s Real Estate Industry Through Diversity” on May 19, from 4 p.m. to 6 p.m. at the John Paul Theatre on the Phoenix College campus, 1202 W. Thomas Road, Phoenix.
“As a society, we have taken a number of strides towards fairness and understanding communities that for many historical reasons, were not in the forefront. This particular event will help to enlighten us all about the importance of continuing the work of creating a pipeline of diverse future real estate innovators,” said DEI Committee Vice Chair Oscar De las salas with Gensler.
ULI Arizona’s DEI Committee works to provide strategic guidance and implement systems to engage students, youth, and leaders of diverse backgrounds with professional opportunities and resources within ULI and the real estate and development industry. It has partnered with Project Destined, a global, social impact platform that teaches underserved youth the fundamentals of commercial real estate.
Students work with leading executives to evaluate live deals in their community and present them in a pitch competition. Scholars emerge with the skills, confidence, experiences, and networks that prepare them to secure a strong first job. Educating underserved youth about the industry provides them with the tools to make better decisions about issues in their communities, either as participants in land use discussions, as entrepreneurs, or as employees of real estate-related companies.
Catherine Anaya, a three-time Emmy Award-winning broadcast journalist will serve as moderator. Panelists will include Alexis Barber, student and Regional Production Director, Project Destined; C. Joseph Blackbourn, President and CEO, Everest Holdings; Cedric Bobo, Co-Founder and CEO, Project Destined; and Natalia Chavez, Development Analyst, Dominium.
Registration pricing varies from $30 for members to $40 for non-members. Students may register for free. Register here.
About ULI
The Urban Land Institute is a 501[c][3] nonprofit research and education organization supported by its members. Founded in 1936, the Institute has more than 45,000 members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. As the preeminent multidisciplinary land use and real estate forum, ULI facilitates an open exchange of ideas, information, and experience among local, national, and international industry leaders and policymakers dedicated to creating better places. Learn more about ULI Arizona at arizona.uli.org.
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by Peter Madrid | May 3, 2022 | News & Updates
SCOTTSDALE, Arizona (May 3, 2022) – As the booming West Valley continues to grow, the healthcare real estate community has heeded the call and is delivering.
Mangat Group is developing Sundance Medical Center, which will be located at the NWC of Yuma Road and Sundance Parkway in Buckeye. The two-story medical office building will total 43,600 SF.
Banner Health announced plans to build a hospital in Buckeye at the NWC of Verrado Way and I-10. The new four-story hospital will total 330,000 SF.
“Buckeye is in need of medical services, everything from women’s services to pediatrics to imaging to specialty services to geriatric medicine to outpatient facilities,” said Andrea Davis, CCIM, Principal of Andrea Davis CRE. “As one of the Valley’s fastest-growing markets for new commercial growth, Buckeye is expected to experience a medical office building boom as the young-family oriented city continues to grow.”
Sundance Medical Center is breaking ground in late 2022 and is scheduled to open in mid-2023. It will be designed for all sizes of tenants, and include the capability to handle an out-patient surgery center on the bottom floor. It will feature building and monument signage, medical parking, covered reserved parking, a drive-up to the entrance to drop off patients, and a generator pad on site,
“Underneath the trendy design, Sundance Medical has cutting edge structural features needed for medical practitioners,” Davis said. “The developer will help with an upfront space design of the suite and there is a generous tenant improvement allowance. We are already negotiating with enthusiastic practitioners.”
As the largest Valley city in terms of size – 640 square miles – Buckeye boasts more than 91,000 residents, an 80 percent increase from 2010, according to the city website. The Maricopa Association of Governments predicts Buckeye’s population will balloon to 305,000 residents by 2040.
Commercial activity in Buckeye is on the rise as the city sees investments across all industry sectors. Meeting demand of the growing population, Buckeye proves to be a successful location for new development.
Buckeye has landed KORE Power, a lithium-ion battery manufacturer expected to add more than 3,000 well-paying jobs to West Valley. Buckeye also boasts Verrado, an 8,800-acre master-planned community.
ABOUT DAVIS COMMERCIAL AZ
Andrea Davis, CCIM, has practiced commercial real estate for more than 20 years. Davis’ breadth of knowledge stretches from developers to landlords to buyer/tenant representation and investments. Within the commercial real estate industry, Davis has won numerous awards. Andrea Davis CRE is listed among the top 10 in Ranking Arizona for the category of Office Brokerage. Her book, SimpLEASEity™, focuses on leasing and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is forthcoming this year. For more information visit andreadavis.co/.
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