by Peter Madrid | Dec 6, 2021 | News & Updates
PHOENIX, ARIZ. (December 6, 2021) – CDC Small Business Finance, a community leader in the economic development field, is the No. 1 U.S. Small Business Administration lender among 7A and 504 firms for the fiscal year 2021.
CDC Small Business Finance is also Arizona SBA 504 Lender of the Year for the fourth straight year. A total of $793.7 million was financed in commercial real estate, over 8 million square feet of commercial real estate was financed, and 7,446 jobs were created and preserved.
“We thank our lending partners for allowing us to participate in their SBA 504 loan structure, the blended interest rate is averaging around 3.5-4.5% fixed for 25 years which is driving more demand on the loan product. Limited inventory is forcing new construction, lenders are including large equipment and FF&E to customize the owner’s specific requirements,” said Belinda Rosthenhausler, CDC Small Business Finance Vice President, Commercial Lender for Arizona and Nevada.
“We are incredibly gracious to our bank partners for helping CDC Small Business Finance finish as the No. 1 overall SBA lender and No. 1 SBA 504 lender in Arizona for fiscal year 2021.”
Some of those partners include JP Morgan Chase Bank, MidFirst Bank, First Fidelity Bank, Western Alliance Bank, First Bank, Bank of America, Desert Financial Credit Union, Meadows Bank, Western State Bank, Bank of the West and several others.
CDC Small Business Finance was also recognized among all SBA 504 lenders in the state last year for the greatest loan production and impact in Arizona.
The Phoenix office comprises Rosthenhausler and Chris Bane, Vice President, Senior Commercial Lender.
Fiscal year 2021 ended on Sept. 30.
For more information and current rates, visit cdcloans.com.
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by Peter Madrid | Dec 2, 2021 | News & Updates
TEMPE, ARIZ. (Dec. 2, 2021) – Reducing wildfire risk and restoring the forested watersheds that provide water to about half of the Valley is why company officials at Terracon, an engineering firm, decided to take action.
Terracon is the first Salt River Project commercial customer to contribute $10,000 to the SRP Healthy Forest Initiative™ (HFI).
“Terracon’s employee-owners are deeply invested in the communities where we live and work,” said Brent Borchers, P.E., Terracon regional manager for the Phoenix area. “We are proud to contribute to SRP’s Healthy Forest Initiative™ to help the water supply for the Valley for years to come.”
A drier than normal winter has been forecast for the Southwest U.S., which includes the forests of Northern Arizona bringing with it the potential for more devastating wildfires that will continue to threaten the state’s unhealthy forests and watershed. Over the past 10 years, large wildfires have ravaged the watershed in and around the Salt and Verde Rivers and more of these fires are expected.
The community-funded initiative is part of SRP’s 2035 Sustainability Goals to protect the health of the watersheds through forest restoration treatments and strategic thinning projects in the 8.3 million acres of watershed lands spread across Northern and Eastern Arizona.
“Terracon has been fortunate to have profitable operations in Arizona for nearly 30 years. In this season of giving, we wanted to impact our community in the broadest, most sustainable way possible,” said Chuck Reynolds, Terracon senior client development manager. “SRP’s stewardship of the watershed is historic and insightful for the continuing economic success of the Valley. We hope to inspire other companies to join us in this important partnership.”
Terracon is an employee-owned engineering consulting firm with more than 5,000 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states. Terracon ranks 24th on Engineering News-Record’s 2021 list of Top 500 Design Firms.
HFI allows SRP customers to invest $3 a month towards strategic forest thinning projects to help reduce the risk and devastating impacts of catastrophic wildfire and protect the health of the forests.
On average, the forested lands in the northern part of the state have about 100 trees per acre, but in many areas, there are thousands of trees per acre. Overcrowded forests can fuel large, uncontrollable wildfires with catastrophic impacts. Since 2000, 3.2 million acres have burned in and around the Salt and Verde River and East Clear Creek watersheds.
“We are grateful for Terracon taking action to invest in the protection and restoration of forests, and we invite other Arizona businesses to partner with SRP on important forest restoration projects. Not only is this important to the Valley’s water supply, but it’s also critical to the state’s tourism industry for the beautiful forests of northern Arizona and helps protect the residents who live there,” said Elvy Barton, SRP Forest Health Management Principal. “Our customers and community want to help prevent devastating wildfires and be a part of the solution together with SRP.”
The first two restoration projects are expected to begin later this year.
The strategic thinning effort:
- Removes small, unhealthy trees and leaves large, mature trees.
- Helps store more carbon in healthy trees.
- Creates a healthier ecosystem more resilient to the effects of climate change.
- Protects and enhances wildlife habitats.
- Brings jobs to the area.
SRP commercial customers can call (602) 236-5104 and residential customers can sign up at srpnet.com/healthyforest to partner with SRP on this extremely important initiative. SRP will match the donations up to $200,000 every year.
The goal of the Healthy Forest Initiative is to thin 500,000 acres of unhealthy overgrown forested lands by 2035.
For additional information about Terracon, visit terracon.com.
About SRP
SRP is a community-based, not-for-profit public power utility and the largest provider of electricity in the greater Phoenix metropolitan area, serving more than 1 million customers. SRP is also the metropolitan area’s largest supplier of water, delivering about 750,000 acre-feet annually to municipal, urban and agricultural water users.
An example of an unhealthy forest in Arizona. (Photo courtesy of SRP)
by Peter Madrid | Nov 30, 2021 | News & Updates
PHOENIX, ARIZ. (Nov. 30, 2021) – The Greater Phoenix Chapter of the Institute of Real Estate Management (IREM®), an international community of real estate managers dedicated to ethical business practices, has announced its leadership and board members for 2022.
Tyrel Williams, CPM, with ORION Investment Real Estate, will serve as President. The leadership team includes President-Elect Ed Valerio, CPM, Link Logistics Real Estate; and Treasurer Brent Penrod, CPM, Eisenberg Company.
The 2022 board also comprises Industry Partner Chairs Tom Coughlin, CPM, Everest Commercial Services and Melissa Boyle, CPM, Link Logistics Real Estate; Education Chair Eduardo Ugalde, CPM, ARM, MEB Management Services, AMO®; Legislative Chair, Carrie Temple, CPM, ViaWest Group; Membership Chairs Ann Boomsma, CPM, MEB Management Services, AMO® and Donna Olcavage, CPM, NaPali Management, Inc.; Marketing and Communications Chair Debbie Mitten, CPM, ViaWest Group; IREM Social Chairs Lauren Lacasse, CPM, Lincoln Property Company and Chianon Mutsiwegota, CPM, Texas Capital Partners; Corporate/Student Outreach Chair Yvonne Cisman, ARM, Wasatch; and DEI & Past President Rosalinda Bridges, CPM, Greystar.
“Our leadership team has worked very intentionally to build a strong, diverse Board of Directors who can continue to lead our chapter out of the disruption we’ve experienced over the last couple years, and into a new post-pandemic and more socially-aware era,” Williams said. “I am energized by, and so grateful for each person on this team. Each of them brings a rich background and unique talents that are really going to help move the needle on several key initiatives for our chapter. We’re going to have a lot of fun while we’re at it; 2022 is going to be a great year.”
IREM memberships empower college students, young professionals and industry veterans who are committed to career advancement. IREM credentials CPM, ARM, ACoM, and AMO demonstrate a commitment to good management. These certifications, along with its courses and an array of resources, all exist with one goal in mind – to make a difference in the careers of those who manage.
About IREM
IREM® is an international institute for property and asset managers, providing complete knowledge to take on real estate management’s most dynamic challenges. That means knowledge prepared for the day-to-day and the one-of-a-kind: from solving the latest tenant crisis to analyzing market conditions. For over 85 years, our members have made us the world’s strongest voice for all things real estate management. Today, almost 20,000 leaders in commercial and residential management call this home for learning, certifications, and networking. For more information visit www.irem.org/
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by Peter Madrid | Nov 30, 2021 | News & Updates
PHOENIX, ARIZ. (Nov. 30, 2021) – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, elected officers and board members for 2022.
The 2022 Executive Committee of NAIOP Arizona comprises Rusty Kennedy, CBRE, Board Chair; Cathy Thuringer, Trammell Crow Company, Vice Chair; John Orsak, Lincoln Property Company, Treasurer; Phil Breidenbach, Colliers International, Programs Chair; Derek Flottum, Irgens, Secretary; Danny Swancey, ViaWest Group, Immediate Past Chairman; and Jim Wentworth, Wentworth Property Company, Past Chairman once removed.
The new officers will lead the Arizona chapter which in 2021 became the fifth largest NAIOP chapter among 53 in the U.S. and Canada and surpassed 900 members for the first time.
“The growth of our chapter underscores its importance and relevance in Arizona’s commercial real estate industry,” said NAIOP Arizona President and CEO Suzanne Kinney. “We’re extremely proud of what the chapter has accomplished considering the economic challenges of the past year and a half. We are a resilient industry.”
Jenna Borcherding of VanTrust Real Estate, LLC starts her first three-year term on the Board of Directors in 2022. Matthew Krause of Krause Architectural & Interiors will serve a 1-year term as Developing Leader Board Liaison. Continuing Board members for 2022 are Chris Anderson, Hines; Chris Burson, Alliance Bank of Arizona; Danielle Feroleto, Small Giants; Jeff Foster, Prologis; Tom Jarvis, Willmeng; Jeff Moloznik, RED Development, LLC; Kate Morris, Transwestern; Michael Olsen, Globe Corporation; CJ Osbrink, Newmark Knight Frank; Darren Pitts, Velocity Retail Group; and Candace Rosauro, Layton Construction.
Molly Carson, Ryan Companies, is rolling off after serving two terms as well as being Arizona Chapter Board Chair in 2019 and Corporate Board Chair in 2021. Bryon Carney, Cushman & Wakefield, is also rolling off after serving two terms.
“Thanks to the leadership of our outgoing Chairman, Danny Swancey, and the entire Board of Directors, NAIOP Arizona has come out of the unprecedented challenges presented by the COVID-19 pandemic stronger than ever,” Kennedy said. “I’m looking forward to building on our many successes in 2022 and taking the association to the next level of member services, public policy advocacy, talent development and best-in-class events and educational programs.”
About NAIOP
NAIOP, a 19,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.
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by Peter Madrid | Nov 30, 2021 | News & Updates
PHOENIX, ARIZONA (November 30, 2021) – NAI Horizon represented the seller in the disposition of 34 acres in Mayer, Arizona, upon which the buyer plans to build rental cabins.
NAI Horizon Senior Vice President John Filli and Vice President Christopher Lewis represented LAdventure LLC, Series BB, a Delaware limited liability company from Boonsboro, Maryland.
The land, which is approximately 15 miles southeast of Prescott, Arizona, sits at an elevation of 6,440 feet and is in close proximity to Mount Union, elevation 7,979 feet. The deal fetched $165,000.
The site also includes two patented gold mines. A patented mining claim is one for which the federal government has passed its title to the claimant, giving him or her exclusive title to the locatable minerals and, in most cases, the surface and all resources.
“Having to deal with the impact of the site’s 6,440-foot altitude, a very dense Ponderosa Pine forest, snow-covered access roads (for up to 7 months of the year), and a very remote location, made the close of escrow considerably more difficult than was originally anticipated,” Filli said. “Nonetheless, it is a pristine parcel of land ideal for cabins in the high country.”
The buyer, CHR Revocable Trust, dated September 30, 2018 of Phoenix, was represented by Tony Bagneschi with Insight Land & Investments.
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 | Nov 29, 2021 | News & Updates
PHOENIX, ARIZ. (Nov. 29, 2021) — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, elected its 2022 officers and board members.
Melissa Scott, CMCA, AMS, RPA, with Sunbelt Holdings, was elected President. She is joined by Vice President Kathryn Rhinehart, CMP, RPA, LEED Green Associate, with Davis Southwest; Secretary/Treasurer Lynn Nixon, ENV SP, RPA, FMA, with KMEA; and Allied Chair Mike Caratachea, with Titan Restoration.
“I am excited to continue to support BOMA Greater Phoenix as President for 2022. BOMA has been pivotal in my growth in commercial real estate, and I look forward to continuing to grow this amazing organization,” Scott said.
Board members for 2022: Monica Andreas, First Onsite; Patti Brown, CPM, RPA, Cushman & Wakefield; Amanda Forsmo, LEED AP O+M, Ryan Companies US; Monica Greenman, CPM, MBA, RPA, Transwestern; Jerome Joseph, BrightView Landscape; Suzanne Logan, Dumpster Xpress; Greg T. Pender, RPO, Highland Commercial Roofing; Michael Scott, Rose Paving; and Jennifer Wiener, ViaWest Group. The board will elect its governor.
BOMA Greater Phoenix wraps up the year Dec. 8 as it celebrates its members’ commitment to going green and excellence in 2021.
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 | Nov 17, 2021 | News & Updates
TUCSON, ARIZONA (November 17, 2021) – GLHN Architects & Engineers, Inc., is pleased to announce the promotion of a pair of industry professionals to CEO and Director of Business Development and Marketing while honoring the retirement of two long-time company leaders.
An employee-owned firm with more than 50 years of expertise in healthcare and higher education projects, GLHN started a new chapter in the company’s history with the promotion of Robert Lamb, PE, to CEO and Tiffany Gorrell to Director of Business Development and Marketing.
GLHN also announced the retirement of Henry Johnstone, PE, as President and Cloriza Lomeli, as Associate Director of Business Development.
“Throughout the history of GLHN, it’s clear that our success has been built on the talent and dedication of people,” Lamb said. “‘Our success comes from helping others succeed’ is not just a catchphrase. It’s a recognition of a foundational truth in our business.”
Lamb joined GLHN in 2013 as COO, leading business development initiatives and building relationships with clients all over the world. He is stepping into the CEO position to grow the firm through new strategic initiatives.
Lamb earned a BS in Mechanical Engineering and an MBA from the University of Michigan. He is active with the Tucson Metro Chamber, is a current Board Member of Sun Corridor, and is a Candidate Evaluation Committee Chair and Board Chair of the Metropolitan Pima Alliance in Tucson. Lamb and his wife, Molly, have five children and are active in Tucson church and community activities.
Gorrell, who joined GLHN in 2014, will actively participate in the firm’s strategic planning process; be responsible for the firm’s overall marketing program; implement the firm’s business development strategy; develop project pursuit strategies and client capture plans; and maintain strategic relationships with leaders in AEC industry. She was promoted from Senior Marketing Coordinator.
Gorrell earned a BS in journalism with an emphasis on advertising from Northern Arizona University. She is actively involved in the Society for Marketing Professional Services (SMPS), Arizona Association of Economic Development (AAED), Building Insight and Leadership Development (BILD), and the Business Development Guild.
Away from the office she enjoys mountain biking, reading and is currently learning to play golf.
Henry Johnstone
Johnstone joined GLHN in 1988 as a mechanical engineer and developed expertise in campus utility systems and building heating, ventilating and air conditioning systems that engaged clients from Alaska to Oman to Columbia.
He was promoted to president in 2014 after holding the roles of Director of Mechanical Engineering and Mechanical Engineering Department Manager. Johnstone will remain involved as an emeritus consultant on special projects. He will also work on projects involving energy, water and agriculture in Tucson and Western New Mexico.
Lomeli has worked at GLHN for 32 years in a variety of roles from Special Project Administrator for Department of Veterans Affairs projects to Construction Administration for utility infrastructure work. As Associate Director of Business Development, she built enduring relationships with clients and business partners throughout the higher education sector.
Cloriza Lomeli
“My goal is to honor and maintain the amazing relationships Cloriza built over the last 30 years while developing new connections that will help us expand into a regional firm,” Gorrell said.
GLHN excels at medical and laboratory facilities, utility master planning, design of central plants and underground utility distribution systems, complex multi-phased renovation projects, fleet vehicle maintenance facilities, and enhanced systems commissioning.
About GLHN Architects & Engineers, Inc.
GLHN is an employee-owned firm established in 1963 with a professional staff of more than 65. It operates offices in Phoenix and Tucson. Staff includes LEED Accredited Professionals in all disciplines, WELL Accredited Professionals, Green Globes Professionals, Certified Energy Managers, Building Energy Simulation Analysts, and Certified Commissioning Authorities and Technicians. GLHN has worked for nearly two dozen higher educational institutions across the United States and has established itself a leader in the development of campus carbon reduction programs, promoting initiatives to economize building performance and implement the use of alternative energies. GLHN embraces technological advancements in the A/E industry for the benefit of its clients and believes Building Information Modeling (BIM) is the future of the design and construction industry. The firm utilizes fully-integrated 3D design, using the Autodesk Autocad-based Revit and Civil3D platforms. For more information visit glhn.com.
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by Peter Madrid | Nov 17, 2021 | News & Updates
PHOENIX, ARIZONA (Nov. 17, 2021) – The Outstanding Building of the Year (TOBY) Award is one of the most prestigious and comprehensive programs of its kind in the commercial real estate industry, recognizing quality in buildings and rewarding excellence in building management.
BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, held its 2021 TOBY Award presentation recently at the Scottsdale Resort at McCormick Ranch, honoring five buildings; judged on community involvement and site management to environmental and “green” policies and procedures.
This year’s winners (by category, building name, management company, property manager):
- 100,000 to 249,999 SF: Three Gateway, Bridge Commercial Real Estate, Janalee Jackson;
- Earth: GSA Professional Office Building, Ryan Companies US, Amanda Forsmo, LEED AP O+M;
- Industrial: Lighting Unlimited, A Brighter Idea, Cory Schneider (building owner);
- Medical Office Building: Joseph’s Westgate Medical Center, Davis Southwest, Kathryn Rhinehart, CPM, RPA, LEED, GA;
- Renovated Building: 201 E. Washington, Transwestern, Monica Greenman, CPM, MBA, RPA.
“It was such an honor to be a part of this year’s TOBY awards as we truly had an amazing group of property managers enter the competition,” said Stephanie Jones, Business Development Manager at Allied Universal Security Services and 2021 TOBY event chair. “Each of their properties were unique, which really allowed the managers to showcase their abilities and skills as it relates to running a smooth commercial real estate operation. We had a great representation of quality commercial buildings and excellence in building management. That is what the TOBY Awards are all about.”
TOBY Award competition consists of three levels. The competition begins at the BOMA local association level, winning entries advance from there to the regional level and regional winners advance to the international level. The international TOBY Awards are presented at the BOMA International Conference & Expo each year.
BOMA Greater Phoenix members include building owners, property managers, asset managers, corporate facility managers, government office building managers, industrial building managers, medical office building professionals, other commercial real estate professionals, and commercial real estate product or services providers.
The format has changed in recent years to include retail and medical office buildings, not just office buildings, said Susan Engstrom, BOMA Greater Phoenix Board Governor and Senior TOBY judge. She is Owner/Manager of SEE-CRE LLC. The award’s name was changed from The Office Building of the Year Award to The Outstanding Building of the Year Awards.
“Changing to The Outstanding Building of the Year opened up the competition to encompass all our buildings,” said Engstrom, who is also serving as BOMA International Awards Chair. “It’s always better to honor more buildings. More property managers feel more included. We feel the name change has made the award more inclusive.
“Doing so also helps people in our industry focus on what the TOBY represents. It’s best practices, best managers, best owners. It’s making a building more Earth-friendly. Trying to decrease the carbon footprint, more conservation, and more enhancement of our communities,” Engstrom said.
TOBY 100,000 to 249,999 SF winner, Three Gateway
TOBY Earth winner, GSA Professional Office Building
TOBY Medical Office Building winner, St. Joseph’s Westgate Medical Center
TOBY Renovated Building winner, 201 E. Washington
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. For more information about BOMA Greater Phoenix, visit www.bomaphoenix.org/
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by Peter Madrid | Nov 10, 2021 | News & Updates
PHOENIX, ARIZONA (Nov. 10, 2021) – CBRE announced that Bay Logistics, a distribution and logistics company, leased 76,189 SF at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality commercial freezer space. Michael Waxman, Aaron Norwood and Foster Bundy with LevRose Commercial Real Estate represented Bay Logistics.
CBRE’s Cooper Fratt and John Werstler represented the landlord, ViaWest Group.
“This state-of-the-art freezer facility received a lot of interest,” Fratt said. “This project was a true collaboration between ViaWest, the architect and CBRE in order to turn this empty, outdated cold storage building into a modern facility that serves the increasing demands of today.”
The property, located at 291 E. Buckeye Road, was renovated to feature a separate and divisible north and south building. Each section boasts an Alta Refrigeration System, which allows for multiple temperature ranges, and remote monitoring and alarm. The property, which has immediate access to downtown Phoenix, doesn’t have any remaining cold storage space available.
“From the beginning design stages, ViaWest left no stone unturned in converting a non-operable cold storage building into a modern facility that filled a large void in a market with a huge lack of cold storage options for today’s tenant base,” Werstler said.
The growth of online grocery sales has pushed demand for cold-storage warehouses, according to CBRE research.
“Food innovation is a rapidly-growing sector in Phoenix,” said Christine Mackay, Phoenix Community and Economic Development Director. “Consumer demand requires innovative and technologically advanced facilities to quickly get product to market. Phoenix’s transportation infrastructure and long-established logistics and warehousing sectors make this a prime location for companies like Bay Logistics.”
The COVID-19 pandemic, which created a massive disruption in the food industry, has also been buoying ongoing demand for industrial cold storage space in the U.S., according to a CBRE report. The pandemic accelerated the need for this type of space as e-commerce grocery has been adopted more widely and as restaurants have turned to offer more delivery and take-out options that require cold storage capacity, among other reasons.
“There are several drivers of the cold storage market today, one of the primary one being the shift in consumer demand, especially among Millennials,” Fratt said. “Consumer demand for fresher, healthier and organic food options with rapid delivery solutions will undoubtedly continue to grow and with it the demand for cold storage facilities.”
by Peter Madrid | Nov 10, 2021 | News & Updates
PHOENIX, ARIZONA (Nov. 10, 2021) – Land sales in the Arizona municipalities of Casa Grande and Eloy and the sale of an office building in Phoenix totaling $1.44 million highlight recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Mark Wilcke negotiated a land sale of 5.5 acres representing the buyer Jareson Enterprises, LLC for $1 million. The property is located at Lot 25 of the Central Arizona Commerce Park in Casa Grande, AZ. The seller, Casa Grande 25 Investments, LLC was represented by Bill Honsaker with JLL.
Matt Harper, CCIM negotiated the sale of a 2,156 SF office building representing the buyer, 2222 West Vel Ru, LLC for $365,000. The property is located at 2222 N. 24th Street, Phoenix, AZ. The seller, Beacon Group SW, Inc. was represented by Chris Ackel with CBRE.
John Filli, SIOR negotiated the land sale of 2.18 acres representing the seller, Kraft Family Trust for $75,000. The property is located at Sunland Gin Road & Hanna Road in Eloy, AZ. The buyer, Jim Ryder was self-represented.
Lease Transactions:
Mark Wilcke and Dylan Whitwer represented the landlord, ICC Tempe, LLC in a 120-month industrial lease for 12,219 SF at 2415 W. Erie Drive, Tempe, AZ. The tenant, Copper Star Medical Supply, LLC was represented by Patrick Sheahan with Berry & Doyle, LLC.
Mark Wilcke represented the tenant, Sunset Healthcare Solutions, Inc. in a 62-month industrial lease for 26,188 SF at 6750 W. Van Buren St., Phoenix, AZ. The landlord, Van Buren Owner, LLC was represented by Gary Anderson with Cushman & Wakefield.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, SimonCRE CSH II, LLC in a 78-month retail lease for 12,000 SF at 1036 E. Southern Ave., Mesa, AZ. The tenant, WSS Shoes was represented by Nick Ault with Edge Realty Partners.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6ARP, LLC in a 124-month retail lease for 1,945 SF at 18589 N. 59th Ave., Glendale, AZ. The tenant, PHX VR was self-represented.
Lori Kahn, MBA represented the tenant, Martinsen Wealth Management, LLC in a 65-month office lease for 2,809 SF at 7855 S. River Parkway, Tempe, AZ. The landlord, Biddulph-Peoria, LLC was represented by Gregg Kafka with Lee & Associates.
Mike Myrick, CCIM represented the tenant, David Cutler, CPA in a 65-month office lease for 2,222 SF at 6263 N. Scottsdale Road, Scottsdale, AZ. The landlord, CPVF III Scottsdale Forum, LLC was represented by Tim Whittemore with Cushman & Wakefield.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, STR Fund X, LLC in a 60-month retail lease for 2,185 SF at 1335 S. Alma School Road, Mesa, AZ. The tenant, AT&T was represented by Ryan Tanner with JLL.
Joe Pequeno and Troy Giammarco represented the tenant, GTR Holdings, LLC in a 37-month industrial lease for 4,605 SF at 7150 W. Roosevelt St., Phoenix, AZ. The landlord, Seventy5 Business Park, LLC was represented by Mark Dorsey with Cushman & Wakefield.
Matt Harper, CCIM represented the landlord, Robert & Arlene Thatcher in a 36-month retail lease for 3,400 SF at 5832 W. San Miguel Ave., Glendale, AZ. The tenant, Jesus Guerra and Gabriela Palafox was represented by Austin Carlise with KW Commercial.
Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC in a 36-month office lease for 1,526 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, My Rental Superstore was self-represented.
Matt Harper, CCIM represented the tenant, Stepping Stone Adult Development Center, LLC in a 53-month retail lease for 1,560 SF at 12228 N. Cave Creek Road, Phoenix, AZ. The landlord, Hampton Plaza, LLC was represented by Kyle Davis with CPI.
Jennifer Loehnert represented the tenant, Make Sewing School, LLC in a 36-month retail lease for 1,500 SF at 894 E. Warner Road, Gilbert, AZ. The landlord, Shoppes at Mirado Square, LLC was represented by Stefan Boros with Boros Investments, Inc.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC in a 36-month office lease for 1,366 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Canyon Sky Realty was represented by Sabrina Walters with SLW Realty Group.
Matt Harper, CCIM represented the landlord, 43rd Avenue, LLC in a 36-month retail lease for 1,531 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, Iron Mountain Armory, LLC was self-represented.
Matt Harper, CCIM represented the landlord, M&N Realty, LLC in a 27-month retail lease for 1,968 SF at 12020 S. Warner Elliot Loop, Phoenix, AZ. The tenant, Ultrafit International, LLC was self-represented.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Dove Valley, LLC in a 44-month retail lease for 950 SF at 4705 E. Carefree Highway, Cave Creek, AZ. The tenant, MobileKangaroo, Inc. was self-represented.
Matt Harper, CCIM represented the landlord, Cameron 2, LLC in a 7-month office lease expansion for 982 SF at 4636 N. 32nd St., Phoenix, AZ. The tenant, Money Muscle, LLC was self-represented.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices 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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