by Peter Madrid | Mar 14, 2022 | News & Updates
PHOENIX, ARIZ. (March 14, 2022) – A land sale in Mesa and the disposition of an office/retail/parking lot asset in Buckeye highlight deals recently closed by NAI Horizon professionals. The two sales total $1.625 million.
Sale Transactions:
Joan Krueger negotiated the sale of 3.7 acres of land representing the seller, Silverado Development Inc., for $1.2 million. The property is located at Loop 202 & Broadway, Mesa, AZ. The buyer, 5228 Blackstone, LLC, was represented by Donna Walkosz with eXp Realty.
Christopher Lewis negotiated the sale of a 3,102 SF retail/office asset representing the seller, Choices in Community Housing, Inc., for $425,000. The property is located at 303 & 307 N. 4th St., Buckeye, AZ., and includes a parking lot. The buyer, CRS Residential Inc., was represented by Doreen Coutelin with SJ Fowler.
Lease Transactions:
Matt Harper, CCIM, represented the landlord, AJL Properties, LLC, in a 66-month retail lease for 3,220 SF at 1619 N. Dysart Road, Avondale, AZ. The tenant, Affordable Care, LLC, was represented by Ryan Tanner with JLL.
Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 8,825 SF at 1255 W. Baseline Road, Mesa, AZ. The landlord, 1255 Baseline, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, Cameron 2, LLC & Turney-Encanto Apartments, LP, in a 60-month retail lease for 2,450 SF at 2501 E. Indian School Road, Phoenix, AZ. The tenant, Zong Trading Group, Inc., was self-represented.
Mike Myrick represented the landlord, Lalani Family Trust, in a 65-month medical lease for 2,268 SF at 9500 E. Ironwood Square Drive, Scottsdale, AZ. The tenant, EBS Enterprises, LLC, was represented by Jeff Shehan with Site Selection Group.
Matt Harper, CCIM, represented the landlord, Acquin Properties, L.P. and FLA Investments, LLC, in an 84-month retail lease for 1,380 SF at 4312 W. Cactus Road, Phoenix, AZ. The tenant, Los Tacos Malcriados, LLC, was represented by Jaime Hernandez with Global Fund Real Estate Group.
Matt Harper, CCIM, represented the landlord, Glenn & Sandra Miller Trust, in a 60- month retail lease for 3,000 SF at 3061 W. Apache Trail, Apache Junction, AZ. The tenant, Cell Shop Inc., was represented by Ryan Tanner with JLL.
Matt Harper, CCIM, represented the landlord, Chahoud Family Trust, in a 36-month retail lease for 1,353 SF at 2829 E. University Drive, Mesa, AZ. The tenant, Norman Sharak, was self-represented.
Tom Bean, CCIM, and Laurel Lewis represented the landlord, State Bar of Arizona, in a 24-month office lease for 1,073 SF at 4201 N. 24th St., Phoenix, AZ. The tenant, The Ramos Injury Firm, was represented by Tanner Digby with Digby Commercial Advisors.
Matt Harper, CCIM, represented the landlord, Yee Legacy II, LLC., in a 36-month retail lease for 813 SF at 18914 E. San Tan Blvd., Queen Creek, AZ. The tenant, Alisha Gilliam Photography, LLC, was self-represented.
Tom Bean, CCIM, and Matt Harper, CCIM, represented the landlord, Fiesta Crossing, LLC, in a 39-month select lease for 630 SF at 1660 S. Alma School Road, Mesa, AZ. The tenant, Dennis Cammack, was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC, in a 25-month office lease for 888 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Modern Receptionist was self-represented.
Jeff Adams represented the tenant, Air Zip Enterprises, LLC, in a 12.5-month industrial lease for 2,160 SF at 6900 S. Priest Drive, Tempe, AZ. The landlord, Pegasus Tempe Owner, LLC, was represented by David Bean and Leroy Breinholt with Commercial Properties Inc.
John Filli and Jennifer Loehnert represented the tenant, Kinetetsu World Express (USA) Inc., in a 36-month office lease at 3133 W. Frye Road, Chandler, AZ. The landlord, Cowork Chandler, LLC, was represented by Philip Cohen with Workuity.
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 | Mar 14, 2022 | News & Updates
Land Advisors Organization facilitated the multi-million transaction, representing the seller at the 1,064-acre Pinal County Tech Park.
Scottsdale, Ariz. (March 14, 2022) – Land Advisors Organization is pleased to announce it recently closed on 206 acres, representing the seller, at the 1,064-acre Pinal County Tech Park in Casa Grande, Arizona. The buyer, Kohler Co., a global leader in kitchen and bath products, announced it will build a greenfield plumbing products manufacturing facility, ancillary warehouse, and office space on the site.
Land Advisors Organization’s advisors Kirk P. McCarville, CCIM, and Pinal County Specialist Trey Davis represented the seller, Pinal County Tech Park. The multi-million capital investment comprises a total of approximately 1 million square feet, with room for future expansion. The facility will bring more than 400 new full-time jobs to the area.
The first 400 acres at the rail-served industrial Pinal County Tech Park have now closed – 216 acres to Kohler Co., 100 acres to Walbridge Construction, and 84 acres to Cheng Chun Chemical Products.
“Facilitating this deal, knowing that it will bring good jobs to Casa Grande residents, and important tax revenue to our community make it incredibly rewarding,” said McCarville. “Bringing in another nationally recognized name like Kohler has created even more interest by other manufacturers and suppliers looking to re-shore or expand their facilities. Economic development efforts by our city and county leaders are paying off, and companies are seeing that Casa Grande has the infrastructure they need as well as affordable housing and great schools that their employees need.”
Kohler will produce its high-growth lines of STERLING Vikrell bath and shower fixtures – popular among large single-family homebuilders and multifamily developers, and retail big box stores – to support increasing customer demand. The facility will also serve as a distribution center for these products, to best serve Kohler’s growing customer base in the Western U.S. with reduced lead times and delivery efficiency.
Set to be operational by August 2023, Kohler’s new manufacturing facility will incorporate smart factory elements and cutting-edge production technology. The facility will also incorporate key sustainability measures to reduce greenhouse gas emissions, water, and solid waste. Several alternate energy strategies are also being evaluated.
Once completed, the site in Casa Grande will be Kohler’s second Vikrell production facility, joining Kohler’s existing eastern facility in Huntsville, Alabama.
Pinal County Tech Park is a two-phase, ±1,064-acre, rail-served industrial park. With its proximity to the TSMC semiconductor factory and Intel expansion plus Lucid Motors and Nikola, the Pinal County Tech Park has received a tremendous amount of interest from the semiconductor supply chains and the Tier 1 and Tier 2 electric vehicle manufacturer suppliers.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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by Peter Madrid | Mar 14, 2022 | News & Updates
PHOENIX, ARIZ. (March 14, 2022) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering CI 101, a three-day course to help real estate professionals make informed investment decisions using the CCIM Cash Flow Model.
The course is March 28-31 at SkySong Center, 1475 N. Scottsdale Road in Scottsdale. The course begins at 8 a.m. each day and ends at 5 p.m. Lydia Bennett, CCIM, will be the instructor.
The CCIM Cash Flow Model measures the impact of federal taxation and federal leverage on the cash flow from the acquisition, ownership, and disposition phases of real estate investment. It also utilizes real estate analysis tools to quantify investment return.
CI 101 is a bedrock class for real estate practitioners at a time when risk mitigation, pricing, and cycle assurance have become critical to investors. CI 101 introduces the CCIM Cash Flow Model, a tool for ensuring investment decisions are based on wise financial fundamentals.
During the course, participants will learn to use key financial concepts such as internal rate of return (IRR), new present value (NPV), cap rate, capital accumulation, and annual growth rate of capital to compare different types of commercial real estate investments.
Tuition is $1,200 for members; $1,460 for REALTORS; and $1,735 for non-members. Register by phone at (800) 621-7027, option 2; or register online at www.ccim.com/101.
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by Peter Madrid | Mar 10, 2022 | News & Updates
SCOTTSDALE, ARIZONA (MARCH 10, 2022) – Fidelity National Title Agency is pleased to announce that Diane Day, who possesses 36 years of title and escrow expertise, has been promoted to President/County Manager.
Day has been a vital member of Fidelity National Title’s leadership team for 14 years. She was promoted from Senior Vice President of Operations. Fidelity National Title operates a number of branches in the Valley.
Day’s primary responsibility was to manage and mentor each of the branch managers and their teams. Day’s 36 years in various facets of the title industry have given her insight and expertise in the commercial, residential, and builder arenas.
In her new role, Day will oversee the management of personnel, production, financial results, and market penetration for escrow and title-related services. She will continue to manage and mentor branch teams as well as the ancillary departments at Fidelity National Title.
“Diane’s breadth of experience comes not only from holding positions such as Escrow Officer, Escrow Manager, and Operations Manager, but also from her philosophy of collaborative leadership,” said Jim John, Executive Vice President and Division Manager with Fidelity National Financial. “Her passion for title and escrow will continue Fidelity National Title Agency’s long track record of providing an unmatched customer experience.”
Day is involved with local industry groups including NAIOP Arizona, ULI Arizona, and Valley Partnership. She gives back to the community through her philanthropic endeavors with Phoenix Children’s Hospital and as a certified Rescue Diver. Day is also actively involved with organizations for the preservation and conservation of the ocean.
“I believe to live your best career life, you must remain humble, curious and coachable,” Day said. “Creating a culture of empowering leaders to live their full career potential and to be part of the journey where individuals accomplish more than they ever thought possible is what I strive for.”
A native of Dayton, Ohio, Day moved to Arizona when she was 4 and was raised here. She earned a bachelor’s degree in business management from the University of Arizona.
Away from the office, Day enjoys playing the flute, the outdoors, golfing, hiking, and spending time with her family, which includes three children and three grandsons.
About Fidelity National Title
With a proud history of more than 165 years, Fidelity National Title Agency (NYSE-FNF) is the nation’s premier real estate service providers. FNF has $1.7 + billion in claims reserves, 32.2% market share, and is the highest-ranked title insurance company on the Fortune 500. Through its nationwide network of direct operations and agents, Fidelity National Title Agency provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals, investors and consumers. Let Fidelity demonstrate why customers nationwide rely on its experience, service and financial strength for real estate transactions across the country. For more information visit www.fntarizona.com/
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by Peter Madrid | Mar 8, 2022 | News & Updates
PHOENIX, ARIZONA (March 8, 2022) – NAI Horizon represented the tenant, a national financial products distribution firm, in a long-term lease in the bustling and vibrant Midtown Phoenix Central Avenue office corridor.
NAI Horizon Managing Director Laurel Lewis represented Simplicity Financial Marketing, Inc., of Summit, New Jersey, in a long-term lease totaling $3.59 million at Phoenix Plaza, 2929 N. Central Ave.
Simplicity Financial will occupy 21,621 SF at Phoenix Plaza, which totals 225,000 SF.
Simplicity is one of the nation’s fastest-growing independent financial services firms that annually produces $4.5 billion of annuity premium and $100 million of target life insurance premium. The Simplicity Group has 26 offices across the country.
“This new office will consolidate offices in Scottsdale and Glendale. They were attracted to the Central Phoenix corridor because of its great location and light rail access in Midtown Phoenix,” Lewis said. “Phoenix Plaza offers Class A accommodations with a fitness center, state-of-the-art conferencing, dining, and an adjacent hotel, which were all a big factor in their decision to locate at the building.”
Simplicity provides best-in-class insurance, investment, and business development solutions. By way of organic growth and acquisition of top financial distribution and
technology companies, Simplicity has become one of the largest organizations of its kind.
The Landlord, Phoenix Plaza PT, LLC of Irvine, California, was represented by Pat Boyle with 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 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 | Mar 8, 2022 | News & Updates
PHOENIX, ARIZ. (March 8, 2022) – Although the past two years have been challenging for most business sectors in Arizona, the state’s commercial real estate community – and the self-storage industry in particular – fared better than expected and in some cases even flourished.
“This is not the first time that the self-storage industry has shown exceptional strength in a downturn,” said John Chang, Senior Vice President, National Director Research Services with Marcus & Millichap Real Estate Investment Services, in the opening discussion, “Can the Worst of Times Deliver the Best of Times?”
“During the Great Recession, self-storage outperformed other types of real estate. More capital is coming into self-storage as major institutions see it performing well when things are not going well in the economy. This has also been true during good times,” Chang added.
The keynote speech and other topics highlighted the 22nd Annual Arizona Self-Storage Association Conference & Trade Show held recently at We-Ko-Pa Casino Resort in Fort McDowell, Arizona. The Arizona Self-Storage Association (AZSA) is the trade association that represents the self-storage industry in Arizona.
Chang said there was an upside to Arizona’s self-storage industry during the pandemic; an industry that continues to grow as U.S. businesses are coming to grips with high inflation rates.
“Self-storage has tremendous inflation resistance,” Chang said. “Self-storage has the advantage that it can adapt quickly to rolling lease costs. While rising construction costs are affecting other types of commercial real estate, self-storage is flourishing.”
With the self-storage vacancy rate of 4.6 percent in Metro Phoenix, Chang said he expects it to increase slightly. However, Phoenix continues to outpace the national average when it comes to transaction activity with Arizona sales seeing greater growth.
“The past year (2021) was the most active in Arizona for commercial real estate deals,” Chang said. “All activity was up 35 percent; the number of self-storage properties that traded was up 19 percent. The market for self-storage in Arizona is delivering strong appreciation and carries momentum.”
Delving into the economics of the self-storage industry, Chris Sonne of Newmark Valuation & Advisory, said on an institutional level self-storage is no longer considered an alternative asset class.
“Self-storage is a core asset class,” Sonne said. “The underwriting is beginning to fundamentally change. Valuation has risen dramatically. What has changed? Properties are more sophisticated, but self-storage has always been on the forefront of technology. In 2021, $20 billion was invested in the sector, $11 billion in self-storage portfolios alone.”
The conference comprised an Owners and Investors Summit and an Operational Symposium. The annual golf tournament preceded the conference at We-Ko-Pa Golf Club.
AZSA and The BSC Group kicked off the conference with the Owners and Investors Summit with host Adam Karnes. Other presentations on the first day included “Understanding the Legalities of the New Normal,” by Scott Zucker of Weissman/Zucker; and the Legislative Forecast by Lourdes Pena with Triadvocates.
The Operational Symposium kicked off with “Why? Understanding Management Summary Reports, Revenue Management and More” by John Manes of Pinnacle Storage Properties and Pinnacle Storage Managers. The final presentation is “My Lost Brothers: The Untold Story by the Yarnell Fire’s Lone Survivor” by Brendan McDonough.
Poppy Behrens, the Executive Editor of MiniCo, Inc., was presented with the Pioneer Award for her years of service with AZSA. The golf tournament benefited Homes For Our Troops.
About AZSA
Founded in 1996, the Arizona Self-Storage Association was created to strengthen the self-storage industry in Arizona, promote professional standards and quality, and present a unified voice on issues affecting the industry in the state and in its communities. AZSA continues that mission today with approximately 700 facility and vendor members and 300 owners. AZSA works to add and refine services that benefit its members. These services include legislative watch, legal resources, communications, facility and vendor search, educational events and networking, and the AZSA Self-Storage Conference & Trade Show. For more information visit azselfstorage.org.
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by Peter Madrid | Mar 3, 2022 | News & Updates
PHOENIX, ARIZONA (March 3, 2022) – NAI Horizon represented the seller in the disposition of the last remaining property in the seller’s income portfolio, a storefront retail/office building in Buckeye, Arizona.
NAI Horizon First Vice President Christopher Lewis represented Choices in Community Housing, Inc., of Buckeye with the disposition of its entire portfolio over the last 12 months. The 3,100 SF retail/office asset is at 303 N.4th St., in Buckeye. The sale, which includes a parking lot at 307 N. 4th St., fetched $425,000.
“It was pretty nice to see all of their properties being sold at above list and allowing them to move on to other endeavors,” Lewis said.
The property, which is approximately 40 miles west of Phoenix in Downtown Buckeye, sits on .11 acres. The one-story, single-tenant asset was built in 1949.
“Our experience with Christopher Lewis and NAI Horizon has been exceptional, to say the least,” said Rick Wilson, Principal with Choices in Community Housing. “It has been a delightful experience working with Christopher, who displayed a high level of professionalism and an in-depth understanding of the Phoenix market, which I attribute to the sale of our properties being sold above the actual list price.”
The buyer, CRS Residential, Inc. of Phoenix, was represented by Doreen Coutelin with SJ Fowler Realty.
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 | Mar 1, 2022 | News & Updates
PHOENIX, ARIZONA (March 1, 2022) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, is accepting registration for its 2nd Annual 5K charity event.
Runners and walkers are invited to come together at Chaparral Park (5401 N. Hayden Road, Scottsdale) on Sunday, March 27 to raise funds for and promote awareness of CREW Network Foundation. There is also a virtual component.
“We’re very excited to host our second annual 5K benefitting CREW Network Foundation. The work of the foundation is essential for our industry and is an integral part of achieving our organization’s mission. With a diverse, talented pipeline of future leaders, we will ensure the success of women in commercial real estate (CRE),” said 2022 AZCREW President Heather Fox Skinner.
Established in 1998, CREW Network Foundation is the only organization dedicating its resources solely towards transforming the commercial real estate industry by advancing women globally. Committed to bringing more women into commercial real estate, the foundation offers career outreach programs, scholarships, and industry research. Career outreach programs have introduced thousands of young women and girls (from high school to graduate school) to the many career opportunities in commercial real estate.
Thirty scholarships are offered annually to those same women and girls throughout the U.S. and Canada. Applications are open now for 2022 scholarships and close on April 15. To date, the foundation has awarded more than $1 million scholarships.
As the world’s leading researcher on gender and diversity in commercial real estate, the foundation produces research papers annually and a benchmark study every five years, delivering data and action items to advance women in commercial real estate and positively impact the industry.
“It’s inspiring to be part of an organization where you are surrounded by women all working toward one goal, to see other women succeed,” said AZCREW member Jessica Levin.
All proceeds from the event go directly to CREW Network Foundation. Registration is $25 for members; $35 for non-members; and $15 for students. For all in-person events, AZCREW requires a COVID waiver.
T-shirts will be distributed the morning of the walk for those attending in person. The in-person event begins at 8:30 a.m. The virtual 5K is March 20-27.
Register here.
About CREW Network Foundation:
CREW Network Foundation is recognized by the IRS as a 501(c)(3) organization. Contributions are deductible as charitable donations for federal income tax purposes. Furthermore, CREW Network Foundation is classified as a public charity under section 509(a)(2) of the Internal Revenue Code. CREW Network Foundation’s tax ID number is 48-1201724.
About AZCREW:
AZCREW is 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 | Feb 28, 2022 | News & Updates
PHOENIX, ARIZ. (February 28, 2022) – NAI Horizon is pleased to announce the addition of Senior Marketing Specialist Matt Feyereisen to its Marketing and Research Team.
Feyereisen will work closely with NAI’s support services team to provide best-of-class marketing services to NAI’s agents and their clients. He will focus on increasing awareness and highlighting the company’s commercial real estate availability through social media and digital platforms.
“I am excited to welcome Matt to our team,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “His experience in the industry, combined with his design skills and ability to proactively communicate, furthers our vision of building the strongest possible team to support our agents and their marketing efforts.
Feyereisen possesses more than 20 years of experience in marketing and graphic design. He started his commercial real estate design experience in 2001 with Trammell Crow Company in Irvine, California.
His background also includes freelance work with CBRE, Cushman & Wakefield, JLL, and Alliance Realty. He has spent close to 5 years at Commercial Properties Inc. before continuing his tenure at NAI Horizon.
“Matt’s history of graphic design in the commercial real estate market is a positive addition to NAI Horizon and will help move the company vision for excellence forward,” Martin-Denning 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 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 | Feb 25, 2022 | News & Updates
Scottsdale, Ariz. (Feb. 25, 2022) – Land Advisors Organization announces the recent closing of a 20-acre parcel for $1.628 million to Jing He Science, an industrial gas manufacturing company. The parcel, which is located at the Southwest corner of Peters Road and Burris Road, is part of the 400-acre Barnes Farms Industrial Area in Casa Grande, Arizona.
Land Advisors Organization’s advisors Michele Pino, Kirk McCarville, CCIM, and Trey Davis represented the buyer and the seller in this transaction. Pino represented the buyer Jing He Science Arizona, Inc. McCarville and Davis represent the seller Barnes Farms Industrial Area.
“We’re seeing incredible growth and interest in the area by manufacturing facilities, semi-conductor suppliers and construction material suppliers,” McCarville said. “The Pinal County Tech Park and The Barnes Farms Industrial Area are uniquely positioned and highly attractive to the semiconductor manufacturing industry and others because of its gas line, rail connection and proximity to major markets, including California and Texas. Our city and county have been working towards this for years and it’s very rewarding to see the planning and hard work paying off.”
This sale marks the firm’s fourth significant closing in Casa Grande’s burgeoning industrial area in the past six months. Previous sales include the December 21, 2021 sale of a 206-acre site to Kohler, Inc. and the November 28, 2021 sale of 84 acres to CCCP, both of which are within the Pinal County Tech Park, located two miles north of the Barnes Farm Industrial Area; and the September 9, 2021 sale of a 27-acre site to LCY in the Central Arizona Commerce Park, which is located across the street from Barnes Farm Industrial Area.
“The suppliers I’m working with value the synergy of the proximity to other groups that are moving to the area,” said Pino. “Expanding or relocating to Pinal County makes good business sense for them as this hub of opportunity emerges in Central Arizona.”
The City of Casa Grande and Pinal County partnered on infrastructure assistance to help the project become a reality. The new tenant of The Barnes Farms Industrial Area is one of numerous suppliers to the semiconductor manufacturing industry expanding with new facilities in Casa Grande.
The area is particularly attractive for the expansion of these facilities due to the forward-growth development environment, strong schools, rapidly growing employment base with training facilities, supportive government officials, land prices, the area’s overall connectivity to the I-8 and I-10 as well as its location on the Union Pacific Main Line.
“Thanks to the support by Casa Grande and Pinal County to make critical infrastructure investments in the coming months and years to the area, industrial development is going gangbusters,” said McCarville.
The Pinal County Tech Park is a two-phase ±1,064-acre, rail-served industrial park, which currently has 650 acres available in its second phase. The Barnes Farms Industrial Area is a 400-acre, single-owner I-2 Industrial site with a certificate of assured water supply. There are currently 320 acres remaining in The Barnes Farms Industrial Area. Both industrial parks are located in close proximity to the TSMC semiconductor factory and Intel expansion, plus Lucid Motors and Nicola. The areas are seeing tremendous interest from major prospects in the semiconductor supply chain and Tier 1 and Tier 2 electric vehicle manufacturer suppliers looking to relocate or expand their facilities.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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