by Peter Madrid | Jan 25, 2022 | News & Updates
PHOENIX, ARIZ. (Jan 25, 2022) – The sales of four retail buildings, four industrial buildings, three parcels of land, three offices, a self-storage facility, and a mobile-home park represent the diversity of deals recently closed by NAI Horizon professionals. The transactions totaled $32 million.
Sale Transactions:
Denise Nunez and Victoria Filice negotiated the $9.4 million sale of a 70,243 SF self-storage facility representing the seller, Rutner Family Trust dated February 4, 1992. The property is located at 2301/2381 S. State St., Ukiah, CA. The buyer, Stuart Tunick, was represented by Mark Yandow with Self Storage Brokers of CA.
Isy Sonabend and Mark Wilcke negotiated the sale of a 97,000 SF refrigerated warehouse situated on 8 acres representing the seller, Smith Family Trust, for $8.750 million. The property is located at 10401 W. Van Buren, Tolleson, AZ. The buyer, Trader Joe’s, was represented by Rob Stephens with NGKF.
Rick Foss negotiated the sale of an 8,800 SF retail building representing the buyer, Thomas A and Olivia DuVall Family Trust, for $2.43 million. The property is located at 1410 6th St., Umatilla, Oregon. The seller, SimonCRE IV LLC, was self-represented.
Matt Harper, CCIM, negotiated the sale of a 16,470 SF retail building representing the seller, Puchhi Inc, for $1.975 million. The property is located at 9501 W. Peoria Ave., Peoria, AZ. The buyer, Fen Investments Inc, was represented by Brook Miller with Re/Max Solutions.
Laurel Lewis negotiated the sale of 42,435 SF of land representing the seller, Southwest Behavioral Health Services Inc., for $1.4 million. The property is located at 5709-5717 N. 7th St., Phoenix, AZ. The buyer, Hewson 75th Street, was represented by Gordon Raguse with Cushman & Wakefield.
Mark Wilcke negotiated the sale of 9.13 acres of land representing the seller, AGI Investors, LLC, for $1.4 million. The property is located at NEC Pinal Road & Rodeo Road, Casa Grande, AZ. The buyer, Coyote Ranch Storage, LLC, was self-represented.
Andrew Warner negotiated the sale of a 32-unit mobile home park representing the seller, BCTR46, LLC, for $1.275 million. The property is located at 2444 W. Devonshire Ave., Phoenix, AZ. The buyer was AZ Park Partners, LLC.
Matt Harper, CCIM, and Mark Wilcke negotiated the sale of a 20,865 SF retail building on approximately 4.4 acres, representing the seller, Vahak Minassian and Gava, LLC, for $1 million. The property is located at 3660 W. Grand Ave., Phoenix, AZ, better known as Mr. Lucky’s. The buyer, 3660 W. Grand Avenue, LLC, was self-represented.
Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of a 3,600 SF retail building, representing the buyer, Papago Park Realty II, LLC, for $815,000. The property is located at 222-228 E. Baseline Road, Tempe, AZ. The seller, Go West Metro, LLC, was represented by Matt Harper, CCIM, with NAI Horizon.
Jeff Adams negotiated the sale of a 6,140 SF industrial building representing the buyer, 1545 McQueen, LLC, for $790,000. The property is located at 1545 N. McQueen Road, Gilbert, AZ. The seller, Mark S. Gunning, was represented by Darin Edwards & Leroy Breinholt of Commercial Properties Inc.
Matt Harper, CCIM, and Thomas Bean, CCIM, negotiated the sale of a 5,824 SF medical office building representing the buyer, Vineyard Court, LLC, for $750,000. The property is located at 6628-6632 S. 22nd St., Phoenix, AZ. The seller, VPJ4, LLC, was represented by Dallan Randall & Kim Rollins with Commercial Properties Inc.
Matt Harper, CCIM, negotiated the sale of 4.62 acres of land, representing the seller, Carl Investments Limited Partnership, for $630,000. The property is located at S/SEC Dysart Road and Washington Street, Avondale, AZ. The buyer, Dysart & Washington OZB Company, LLC, was represented by Jason Hyams with Insight Land and Investments.
Rick Foss negotiated the sale of a 3,463 SF industrial building representing the seller DBSL Investments, LLC, for $561,030. The property is located at 2737 W. Baseline Road, Tempe, AZ. The buyer, Baseline Holding, LLC, was represented by Lesley Pelkey with My Home Group.
Mike Myrick negotiated the sale of a 1,176 SF industrial building, representing the seller, Honey Bear’s Bar B-Q Inc., for $475,000. The property is located at 2511 E. Jefferson St., Phoenix, AZ. The buyer 2511 E. Jefferson Holdings, LLC, was represented by David Coe with DavCo Realty Advisors.
Troy Giammarco and Joe Pequeno negotiated the sale of a 1,676 SF office unit representing the seller, Westhouse Properties, LLC, for $469,280. The property is located at 5505 W. Chandler Blvd., Chandler, AZ. The buyer, Gilbert Vista, LLC, was self-represented.
Mike Myrick negotiated the sale of a 3,213 SF, office building representing the buyer Select AutoBody of AZ, for $375,000. The property is located at 538 W. Highland Ave., Phoenix, AZ. The seller, Carmel & Ethel Petrey Trust dated 5/9/2006, was represented by Jason Butler with ROI Properties.
Lease Transactions:
Lane Neville, Logan Crum and Cole Neville, represented the landlord, Tolis Advisors, in a 153-month office lease renewal and expansion for 10,994 SF at 655 S. Dobson Road, Chandler, AZ. The tenant, Lilac Ob-Gyn, was represented by Marina Hammersmith & Tyrel Williams with Orion Investment Real Estate.
Laurel Lewis represented the landlord, Terminix International in a 50-month office lease for 32,800 SF at 6770 N. Sunrise Blvd., Glendale, AZ. The tenant, TKC Operations, Inc., was represented by Mark Seale with Avison Young.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, SimonCRE CSH II, LLC, in a 120-month retail lease for a 1,400 SF at 1134 S. Stapley Drive, Mesa, AZ. The tenant, Blazin Wings, Inc was represented by Ali Hill with Phoenix Commercial Advisors.
Laurel Lewis represented the tenant, Pacific International Vegetable Marketing in a 51-month office lease for 3,220 SF at 9015 E. Del Camino Drive, Scottsdale AZ. The landlord, LPC Pima, LLC, was represented by Colton Trauter with Lee & Associates.
Matt Harper, CCIM, represented the landlord, 43rd Avenue, LLC, in a 65-month retail lease for 4,450 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, Sterling Holding CO. LLC, was represented by Mark Johnson with DPR Commercial.
Kevin Higgins represented the landlord, Bogle Family Realty in a 62-month office lease for 2,564 SF at 7301 N. 16th St., Phoenix, AZ. The tenant, MH7, LLC, was represented by Scott Whitney with Whitney Realty and Investments.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, The Weigel Family Legacy Trust, in a 60-month retail lease for 2,100 SF at 3137 & 3139 Stockton Hill Road, Kingman, AZ. The tenant, CSC Holdings, LLC, was represented by Johnny Meins with ReMax Prestige Properties.
Jennifer Loehnert represented the tenant, Accelerate Retail Partners, LLC, in a 36- month industrial lease for 3,207 SF at 2329 W. Mescal St., Phoenix, AZ. The landlord, Seaphxtt, LLC, was represented by Conner Lee with Lee & Associates.
Joe Pequeno and Troy Giammarco represented the landlord, Avondale Medial Campus, LLC, in a 39-month office lease for 2,160 SF at 18001 N. 79th Ave., Glendale, AZ. The tenant, Waterstone Mortgage Corporation, was represented by Jeff Smith with CW Advisors.
Matt Harper, CCIM, represented the tenant, Metz Tax Service Inc., in a 62-month retail lease for 1,550 SF at 5140 W. Peoria Ave., Glendale, AZ. The landlord, Glendale Square Holdings Inc., was represented by Calvin Williams with Realty One Group.
Don Morrow, Dylan Whitwer and Mike Myrick represented both the landlord, Michael & Graciella Richards in a 39-month office lease for a 1,470 SF at 141 E. Palm Lane, Phoenix, AZ.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Bailey Red Rock Plaza LLC, in a 36-month retail lease for 1,640 SF at 16425 E. Palisades Blvd., Fountain Hills, AZ. The tenant, Chill Boutique, was self-represented.
Joe Pequeno and Troy Giammarco represented both the landlord, McCandless Properties, LLC, and the tenant, Medford’s Home, LLC, in a 25-month office lease for 2,499 SF at 1204 E. Baseline Road, Tempe, AZ.
Jeff Adams represented the landlord, 1545 N. McQueen, LLC, in a 24-month industrial lease for 2,200 SF at 1545 N. McQueen Road, Gilbert, AZ. The tenant, WoodworkAZ, LLC, was represented by Bruce Hanley with EXP Commercial.
Joe Pequeno and Troy Giammarco represented the landlord, Anthony J. Rossetti, in a 12-month office lease for 3,500 SF at 3120 N. 19th Ave., Phoenix, AZ. The buyer, Universal Management Group, LLC by Tara, was self-represented.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GT, LLC, in a 12-month retail lease for 1,200 SF at 5870 W. Thunderbird Road, Glendale, AZ. The tenant, Northwest Testing, LLC, was represented by Jason Bitton with RE/MAX Suburban.
Don Morrow and Dylan Whitwer represented the tenant, IME Incorporated DBA Innovative Minds in a 38-month lease for 592 SF at 722 E. Osborn Road, Phoenix, AZ. The landlord, Osborn Holdings, LLC, was represented by Larry Matheny with Revcorp.
Joe Pequeno and Troy Giammarco represented the landlord, Steve Iskhakov, in a 24- month office lease for 1,163 SF at 4433 N. 19th Ave., Phoenix, AZ.
Jeff Adams represented both the landlord, Air Zip Enterprises, LLC, and the tenant, Sunset Spas of Arizona, LLC, in a 7-month industrial sublease for 8,185 SF at 1522 W. Todd Drive, Tempe, AZ.
Don Morrow, Dylan Whitwer and Mike Myrick represented the landlord, Michael & Graciella Richards, in a 24-month office lease for 914 SF at 141 E. Palm Lane, Phoenix, AZ. The tenant, CorTech, was represented by Keri Davies with LevRose.
Matt Harper, CCIM, represented the landlord, Emad Investment LLC, in a 12-month land lease for 15,165 SF at S/SEC 48th Lane and Thomas Road, Phoenix, AZ. The tenant, PV Landscape Services LLC, was self-represented.
Don Morrow, Dylan Whitwer and Mike Myrick represented both the landlord, Michael & Graciella Richards, and the tenant, Arena Staffing, in a 14-month office lease for 1,470 SF at 141 E. Palm Lane, Phoenix, AZ.
Dylan Whitwer and Laurel Lewis represented both the landlord, August Building Company, and the tenant, KLMR Summit Homes, LLC, in a 7-month office sublease for 769 SF at 7440 E. Pinnacle Peak Road, Scottsdale, AZ.
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.
by Peter Madrid | Jan 24, 2022 | News & Updates
PHOENIX, ARIZ. (January 24, 2022) – Executive Vice President Mark Wilcke, a top producer with NAI Horizon specializing in industrial/commercial buildings and land sales and leasing, represented the seller and the buyer in the purchase of 9.13 acres of commercial land in the Coyote Ranch subdivision located at the NEC of Pinal Avenue and Rodeo Road in Casa Grande, Arizona.
The sale fetched a purchase price of $1.4 million.
Wilcke represented the seller, AGI Investors, LLC of Casa Grande and the buyer, Coyote Ranch Storage, LLC of Oregon.
“The buyer intends on building a self-storage project,” Wilcke said. “This site has excellent visibility, and the Casa Grande land market is really getting exciting with all of the new developments taking place.”
Wilcke has been extremely active selling land in the Metro Phoenix and Casa Grande markets over the past year.
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 | Jan 21, 2022 | News & Updates
Two prominent law firms based in the Southwest combine, expanding legal services and providing clients the benefit of a multijurisdictional presence.
PHOENIX (Jan. 21, 2022) — Two prominent law firms based in the Southwest have joined together to establish Jennings Haug Keleher McLeod, LLP (JHKM). Phoenix-based Jennings Haug Cunningham, LLP and Albuquerque-based Keleher & McLeod, P.A. have combined to become a multijurisdictional full-service, litigation and business law firm.
JHKM combines the strengths of Jennings Haug Cunningham, one of the longest established and most respected litigation and business law firms in Arizona, and Keleher & McLeod, a New Mexico law firm established more than a century ago and long recognized for its success in regulatory matters, civil litigation and appellate law.
“Attorneys with our firms have worked together over the years and have come to value and respect one another,” said John Sinodis, chairman of Jennings Haug Keleher McLeod. “Our firms have an unmatched history in the Southwest, both having been an integral part of one of the most successful and sustained periods of regional growth in U.S. history. Together, we represent nearly 200 years of experience and perspective, coupled with a vast network of resources, and intend to put those combined assets to work for our clients throughout the Southwest.”
Jennings Haug Cunningham was founded in Phoenix, Arizona in 1937 and became known nationally for construction, and fidelity and surety law. In Arizona, the firm’s environmental, business litigation and malpractice attorneys are regularly recognized for their legal skill, integrity and commitment to the legal profession.
Deron Knoner
Founded in 1915, Keleher & McLeod’s storied background in Albuquerque and New Mexico established the firm as one of the state’s most recognized and respected commercial and civil trial law firms. Over the years, the firm’s attorneys have remained steadfast in the commitment of its founders to excellence, professionalism and decency, which has been instrumental in growing the firm and expanding its services into energy regulatory, banking, appellate and tribal law matters.
“Just as the Southwest continues to grow and transform, so are we,” said Deron Knoner, New Mexico managing partner of JHKM. “Our new relationship with Jennings Haug Cunningham is an excellent way to increase our capabilities and geography, ultimately improving service to our current and future clients. Both firms have a very similar culture rooted in service, respect and dedication to excellence, so deciding to combine and grow together as Jennings Haug Keleher McLeod just made a lot of sense.”
About Jennings Haug Keleher McLeod, LLP
Established when two prominent law firms based in the Southwest joined forces, Arizona’s Jennings Haug Cunningham and New Mexico’s Keleher & McLeod are now Jennings Haug Keleher McLeod (JHKM). JHKM is a full-service litigation and business law firm with extensive trial, litigation management, dispute resolution and complex litigation experience. The firm’s attorneys address a wide range of legal matters for businesses and individuals in the areas of antitrust, attorney regulation and ethics, appellate law, business law and litigation, banking, bankruptcy and creditors’ rights, civil rights and constitutional law, commercial real estate, construction, corporate law, employment, environmental, estate planning, trusts and probate, family law, fidelity and surety, government relations and lobbying, insurance defense and coverage, medical and professional malpractice, municipal law, personal injury, energy regulatory matters and tribal law, as well as alternative dispute resolution. JHKM has offices in Phoenix, Arizona and Albuquerque, New Mexico to serve clients in the Southwest and throughout the United States. For additional information, visit JHKMLaw.com.
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by Peter Madrid | Jan 21, 2022 | News & Updates
Eric S. Deems to lead the firm’s newest office serving middle Tennessee and surrounding markets, providing land brokerage and real estate advisory services.
Scottsdale, Ariz. (January 21, 2022) – Scottsdale-based Land Advisors Organization is expanding its southeast regional footprint with the addition of a new office in Nashville, Tennessee to serve middle Tennessee and the surrounding markets, which include Huntsville, Alabama and southern Kentucky.
The new office will be managed by Eric S. Deems, an established real estate professional with expertise in strategic real estate planning, land brokerage and development, and site selection. The firm plans to continue growing its Nashville team with the addition of several more advisors and support staff throughout the first part of the year.
This new location marks Land Advisors Organization’s sixth office in the region, with offices currently in Charlotte, North Carolina, Atlanta, Georgia, and Orlando, Jacksonville, and Tampa, Florida.
Deems has facilitated more than $500 million in real estate transactions over his career. A resident of Nashville, Deems is recognized in the real estate industry for his ability to connect parties with shared objectives as well as his adeptness in navigating complex transactions and guiding investor relations through acquisitions, public-private partnerships, and joint venture arrangements.
Throughout his career he has been involved with managing multi-market development projects for clients in multifamily, student housing, and industrial land development. He is also well versed in managing multi-state real estate portfolios and strategic site selection for large entities such as the Tennessee Valley Authority, the United States Postal Service, and several private companies and investment funds.
“Bringing our national resources and relationships to the Nashville market has been a goal of ours for a while,” said Greg Vogel, founder and CEO of Land Advisors Organization. “Eric’s experience as a connector fits our culture very well. He and his future team are joining Land Advisors Organization at a time when there is a significant opportunity for national builders and developers to expand in the greater Nashville market. We’re pretty excited about the partnership and thrilled to be able to connect our customers with someone of his caliber.”
Land Advisors Organization’s Nashville office will provide advisory services to landowners, home builders, developers, and investors. In addition, the firm’s expansive data-driven market analytics are now available for the middle Tennessee and surrounding markets to assist in strategic land planning decisions for both landowners and buyers.
“I’ve always viewed myself as an entrepreneur and a problem solver,” said Deems. “Joining the team of Land Advisors Organization fits perfectly for me because of the firm’s entrepreneurial approach and the fact that middle Tennessee and its surrounding markets are primed for investment by larger developers from major markets. It’s exciting to facilitate introductions and help build relationships that mean so much to the economy and future of this area we call home.”
Deems earned his MBA from Vanderbilt University and received his bachelor’s degree in political science from Belmont University. Deems is a licensed real estate broker in Tennessee, Kentucky and Alabama and serves the community as a volunteer firefighter with Williamson Fire-Rescue, board chairman of Nashville Emerging Leaders, and is involved with various other community organizations.
Land Advisors Organization’s Nashville office is located at 3102 West End Avenue, Suite 400, Nashville, TN 37203.
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, Tampa and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Nashville, Tennessee; Atlanta, Georgia; 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 | Jan 20, 2022 | News & Updates
PHOENIX, ARIZ. (Jan. 20, 2022) – NAI Horizon represented a Casa Grande, Arizona, family trust in the purchase of a Dollar General store in Oregon from Scottsdale, Arizona-based developer Josh Simon of SimonCRE.
NAI Horizon Senior Vice President Rick Foss represented the buyer, the Thomas A. and Olivia DuVall Family Trust of Casa Grande in the purchase of a Dollar General store at 1410 6th St., in Umatilla, Oregon.
“The family could not find a quality, absolute triple-net (NNN) investment opportunity in Arizona in that price range,” Foss said. “This Dollar General store in Oregon was chosen from a limited number of properties because it fit their criteria, which included a corporate guarantee for the current lease term and all future options.”
SimonCRE 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 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 | Jan 20, 2022 | News & Updates
SCOTTSDALE, ARIZ. (Jan. 20, 2022) – LevRose Commercial Real Estate is proud to announce that Jason Reddington, CCIM, has been named a Partner at the full-service commercial real estate firm.
Reddington, whose specialties include office sales, office leasing, and landlord representation, has been with LevRose for almost 5 years. His main focus is office properties primarily in the Scottsdale, Midtown-Phoenix, and Central-Phoenix submarkets.
“Jason Reddington possesses the social skills, leadership, and past business success needed to be a top producer in the industry,” said LevRose Managing Director Mike Baumgardner. “We couldn’t be happier to see his incredible growth at LevRose.”
A native of Evansville, Indiana, Reddington played NCAA Division I collegiate golf at the University of Evansville. Reddington spent 7 years in Cleveland where he was named the 2013 Northern Ohio Teacher of year.
Reddington moved West, spending 14 years as a golf professional. He was Director of Instruction at two of the premier country clubs in Arizona, Mirabel and Forest Highlands.
About LevRose Commercial Real Estate/TCN Worldwide
LevRose is proud to be the sole Phoenix affiliate of TCN Worldwide. Formed in 1989, TCN is a consortium of networked independent domestic and international commercial real estate firms, which provides for complete, integrated real estate solutions across the globe. With approximately $41.3 billion in annual transactions and over 180 MSF under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services and resources, coupled with a personal commitment to exceed client expectations, is what has made TCN Worldwide a leader within the global commercial real estate industry. For more information visit levrose.com.
by Peter Madrid | Jan 20, 2022 | News & Updates
PHOENIX, ARIZ. (Jan. 20, 2022) — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, has named Arizona Sen. J.D. Mesnard and Arizona Rep. Ben Toma as its 2021 Legislators of the Year for their work on a flat income tax rate that affects commercial property owners.
Mesnard, (R) Dist. 17, and Toma, (R) Dist. 22, were the architects of the $1.3 billion tax cut package in the 2021 Arizona Legislative session that will move Arizona to a 2.5% flat income tax rate and for BOMA/commercial property owners, reduced the commercial property tax assessment ratio from 18% to 16% over four years.
This property tax change will make Arizona more competitive regionally for large businesses/employers relocating. Changes were needed as Arizona has one of the highest commercial property tax rates regionally and across the country.
“The whole idea in trying to lower the commercial property tax rate is to make us more competitive as we see businesses fleeing California for some of our competitor states,” said BOMA Greater Phoenix Executive Director Farrell Quinlan. “We need to make our rates more competitive and make Arizona more attractive. We really don’t have the kinds of incentives that a state like Texas offers. This legislation is extremely important to the state’s commercial real estate industry.”
The awards were presented by BOMA Greater Phoenix Advocacy Committee Chair and Board Governor Susan Engstrom.
The Advocacy Committee monitors, studies, and recommends policy and advocacy strategies on legislative and regulatory matters that affect the commercial real estate industry. A key driver of these policy determinations is to find ways to make Arizona more economically competitive.
Usually, that is in the form of pursuing policies to reduce uncompetitive high property tax rates, supporting incentive tools for job recruitment, supporting efforts to lessen onerous regulation and litigation to our members, and opposing mandated cost increases on the industry.
Arizona Sen. J.D. Mesnard with BOMA Greater Phoenix Advocacy Committee Chair Susan Engstrom addresses the association’s membership upon receiving his 2021 Legislator of the Year Award.
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 18, 2022 | News & Updates
PHOENIX, ARIZ. (Jan. 18, 2022) – First Vice President Andrew Warner the NAI Horizon Manufactured Housing Investments team represented the seller in the $1.275 million disposition of Black Canyon Trailer Ranch in Phoenix.
Warner represented BCTR46 LLC of Phoenix. The buyer of the asset at 2444 W. Devonshire Ave., was AZ Park Partners of LLC also of Phoenix.
“The new owners plan on improving the property for the residents of the mobile home park,” Warner said. “By doing so, this action will continue to provide much-needed affordable housing for the area.”
Black Canyon Trailer Ranch is within close proximity of Grand Canyon University in Midtown Phoenix. It comprises 32 mobile home units. Major intersections include 19th Avenue and Camelback Road, which is 1.7 miles from Black Canyon Trailer Ranch.
Black Canyon Trailer Ranch is near Phoenix Sky Harbor International, located 10.4 miles or 17 minutes away. There are three shopping centers less than a mile away, which is about a 13-minute walk.
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 | Jan 12, 2022 | News & Updates
Communities Southwest was represented by Land Advisors Organization, which facilitated the closing of the first phase consisting of 327 platted lots of Avion at Ballpark Village in Goodyear.
Scottsdale, Ariz. (January 12, 2022) – Land Advisors Organization is pleased to announce it recently helped facilitate the sale of 327 single-family platted lots at the Avion at Ballpark Village, on behalf of Communities Southwest, in a $20.2 million transaction. The 75-acre parcel is part of the first phase of the development, which is located in Goodyear, Arizona.
Land Advisors Organization professionals Greg Vogel, Ryan Semro, Bret Rinehart, Ben Heglie and Wes Campbell represented the seller, Communities Southwest. The buyer was Lennar Arizona, Inc.
The Avion at Ballpark Village consists of 154 acres of residential land zoned for a variety of residential uses at the S/SWC of Estrella Parkway and Lower Buckeye Road. Phase 1 of the site consists of 327platted lots for a single-family residential subdivision. The lot mix ranges from 5,750 to 4,500 square feet, providing the buyer with a healthy range of options for development. The buyer expects to begin construction in Q1 2022.
“Avion at Ballpark Village is going to be one of the premier communities in Goodyear and Communities Southwest is excited to have Lennar as the first homebuilder in the project,” said Greg Lehmann with Communities Southwest. “It’s been great working with everyone involved in this project—the excellent people at the City of Goodyear, the thoughtful and professional team at Lennar, and the great team at Land Advisors Organization.”
Avion at Ballpark Village will feature a 7-acre private HOA-owned Central Park that includes a pool, spa, community gathering pavilion, restrooms, two pickleball courts, ramada, shaded playground and sports field to be built as part of this first development phase. When fully developed, Avion will also feature seven neighborhood parks and a walking trail system running throughout the community. The two remaining phases of the community feature an additional 248 platted lots and a 24-acre residential parcel.
“This was a great opportunity for all the stakeholders involved,” Rinehart said. “Our residential land team was able to assist Communities Southwest with the sale by connecting them with an ideal buyer while helping Lennar continue to grow its footprint in the bustling and growing West Valley. It’s always rewarding when each party in the deal achieves their goals.”
Located in the heart of the growth corridor in Goodyear, Avion at Ballpark Village also offers future residents the benefits of close proximity to major recreational amenities. The city of Goodyear recently developed an 86-acre Recreation Campus that provides residents access to a new state-of-the-art facility, complete with a 30-acre park with softball fields, multi-use plaza, playground, group ramadas, and sport courts as well as a rec center and an aquatic center.
Located 20 minutes from downtown Phoenix, Avion at Ballpark Village residents will also enjoy the benefits of the Goodyear Ballpark, which is among the top spring training facilities in the nation and home to the Cincinnati Reds and Cleveland Indians. A total cost of more than $108 million already has been invested in the ballpark and surrounding amenities.
About Communities Southwest
Founded in 1980, Communities Southwest is a diversified real estate investment and development firm focused on residential land, both improved and unimproved in Arizona and the Southwestern United States.
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; Atlanta, Georgia; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
by Peter Madrid | Jan 12, 2022 | News & Updates
SCOTTSDALE, ARIZ. (Jan. 12, 2022) – The Metro Phoenix commercial real estate market remained vibrant in 2021 for LevRose CRE professionals, whose top 5 sales deals alone fetched more than $69 million.
“We were not only excited to see a diverse mix of our top sales and leases (office, retail, industrial and land), but we were thrilled to have so many different teams at LevRose with such a strong 2021,” said LevRose Managing Director Mike Baumgardner.
“This mirrors the incredible transaction volume last year in the Valley’s commercial real estate market,” added Jon Rosenberg, Co-Founder/Managing Partner at LevRose. “It is further proof that investors are active, local businesses are growing and new companies are planting their flag in Metro Phoenix.”
A look at top LevRose deals of 2021
Industrial
Landon McKernan and Marty Maier facilitated the $24 million sale of a multi-building portfolio at 6111, 6121, 6131, and 6215 W. Van Buren St., in Phoenix. The buyer was Nicola Wealth Real Estate Acquisitions Ltd.
The project totals 161,800 SF and features clean distribution facilities with ample parking and proximity to the Valley’s major freeways.
Office
Keri Davies, Jason Reddington, and Jon Rosenberg represented the buyer in the $15.9 million purchase of 14301 N. 87th St., in Scottsdale. The highly-visible, 76,565 SF, multi-tenant office building is located on the SW corner of Raintree and Loop 101 in North Scottsdale. The buyer was SPB Property, LLC; the seller was Double Anchor Investments, LLC.
Industrial
Michael Waxman, Aaron Norwood, and Foster Bundy represented the tenant, Bay Logistics, in the long-term lease for 76,189 SF at 291 E. Buckeye Road, in Phoenix. The tenant, a distribution and logistics company, was in need of high-quality commercial refrigeration space.
The property was recently renovated to include an Alta Refrigeration System, which allows for multiple temperature ranges. The building is part of a larger industrial park including 4 other buildings.
Land
Anna Sepic and Gunnar Sinnett represented the out-of-state buyer in the $11.7 million off-market acquisition of 701 N. Central Ave., in Downtown Phoenix, currently a parking lot. The property totals .93 acres (40,508 SF) of DTC-GTWY zoned land. The buyer was 701 N. Central Owner, LLC; the seller was Central Fillmore Dev 1, LLC.
Office
Michael Waxman and Foster Bundy represented the seller, WYAZ Investments, LLC in the $8.86 million sale of Cooper Crossing, 1800-1850 E. Ray Road in Chandler, Arizona. The buyer was 1800 E. Ray Expansive LLC.
Built in 2006, Cooper Crossing is a two-story office property totaling 54,639 SF. Amenities include a conferencing facility, fitness center, and outdoor seating in a courtyard. The asset is located in the much sought-after Southeast Valley submarket.
1800-1850 E. Ray Road in Chandler, Arizona.
Flex/hangar building and land
The Kottler/Cosgrove team (Zak Kottler, Joe Cosgrove, Hunter Chasse, and Aaron Cook) represented the seller, Chaplin Family Enterprises, in the $8.775 million disposition of a Scottsdale Airpark portfolio comprised of a ±40,589 SF flex/hangar building plus an adjacent ±1.89 acres (±82,123 SF) of vacant land.
The property at 7428 and 7429 E. Karen Drive in Scottsdale is situated in the heart of the amenity-rich Scottsdale Airpark and is one the largest sites sitting on the Scottsdale Airport Taxiway.
The existing building at 7428 E. Karen Drive previously served for many years as the corporate headquarters for Hi-Health, which has since fully vacated the property. The new owner intends to renovate and occupy the existing building while developing the vacant land at a later time.
7428 and 7429 E. Karen Drive in Scottsdale
6121 W. Van Buren St., in Phoenix.
About Lev Rose Commercial Real Estate/TCN Worldwide
Lev Rose is proud to be the sole Phoenix affiliate of TCN Worldwide. Formed in 1989, TCN is a consortium of networked independent domestic and international commercial real estate firms, which provides for complete, integrated real estate solutions across the globe. With approximately $41.3 billion in annual transactions and over 180 MSF under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services and resources, coupled with a personal commitment to exceed client expectations, is what has made TCN Worldwide a leader within the global commercial real estate industry. For more information visit levrose.com.
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