by Peter Madrid | Oct 20, 2021 | News & Updates
PHOENIX, ARIZONA (October 20, 2021) – Three land sales totaling $30.09 million and two office sales totaling $1.22 million highlight recent deals closed by NAI Horizon professionals. The land transactions include the sale of 148 acres in Surprise, Arizona, for $25 million to Tempe-based Carvana.
Sale Transactions:
Isy Sonabend and Drew Eisen negotiated the sale of 148 acres representing the buyer, Carvana for $25 million. The property is located at the NEC of Litchfield and Cactus roads, Surprise, AZ. The seller, Surprise/Dysart Properties, LLC was represented by Tony Lydon with JLL.
Denise Nunez and Victoria Filice negotiated the sale of 1st Defense Self-Storage, a 73,273 NRSF facility representing the seller, Scottsdale-based MC Companies. The property is located at 3205 Rodd Field Road, Corpus Christi, TX.
Joan Krueger negotiated the sale of 62.39 acres representing the seller, Stephens Family Trust for $4.927 million. The property is located at Rooks Road and MC85, Buckeye, AZ. The buyer, AZ Land Consulting, was represented by Scott Truitt with Western Land Company.
Troy Giammarco and Joe Pequeno negotiated the sale of a 5,300 SF office building representing the seller, Dorothy Westfall for $620,000. The property is located at 9303 N. 7th St., Phoenix, AZ. The buyer, Robert Hernandez was represented by Werner Von Berries with HomeSmart.
Thomas Bean, CCIM and Matt Harper, CCIM negotiated the sale of a 3,330 SF office building representing the seller, Lynda B. Ukemenam Living Trust for $600,000. The property is located at 5130 E. Thomas Road, Phoenix, AZ. The buyer, Project Arcadia, LLC was self-represented.
Christopher Lewis negotiated the sale of 0.55 acres representing the buyer, David Rosenberg for $93,000. The property is located at Apple Valley and Siskiyou roads in Apple Valley, California. The seller, Leonard Werbin was self-represented.
Lease Transactions:
Dylan Whitwer and Laurel Lewis represented the tenant, GeoTek Operations Limited in a 72-month office lease for 17,366 SF at 4050 E. Cotton Center Boulevard, Phoenix, AZ. The landlord, Koll Cotton Center, LLC was represented by Jackie Orcutt and Jonathan Teeter with CBRE.
Matt Harper, CCIM represented the landlord, MUFG Union Bank NA in a 124-month retail lease for 3,217 SF at 13681 N. Litchfield Road, Surprise, AZ. The tenant, The Boyer Bakery, LLC was represented by Larry Kramer with Realty One Group.
Thomas Bean, CCIM and Matt Harper, CCIM represented the tenant, Occupational Medicine for Business and Industry, Inc. in a 64-month medical office lease for 5,659 SF at 3033 W. Bell Road, Phoenix, AZ. The landlord, Paragon Properties Group, LLC was represented by Eric Ferber with Cutler Commercial.
Thomas Bean, CCIM represented the tenant, ReachOut Healthcare America, LTD in a 68-month office lease for 8,372 SF at 15458 N. 28th Ave., Phoenix, AZ. The landlord, Copper State Credit Union, was represented by George Howell with DBSI.
Matt Harper, CCIM represented the landlord, United Group, LLC in a 66-month retail lease for 2,700 SF at 709 W. Ray Road, Gilbert, AZ. The tenant, Arizona Fine Arts, LLC was represented by Jonvieve Bryant with Bryant Commercial Real Estate.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Raintree Retail Partners, LLC in a 64-month retail lease for 1,200 SF at 14884 N. Pima Road, Scottsdale, AZ. The tenant, Meheruddin Syed and Noorjaha Shaik was represented by Barry Light with Light Retail, LLC.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Raintree Retail Partners, LLC in a 63.5-month retail lease for 1,200 SF at 14884 N. Pima Road, Scottsdale, AZ. The tenant, Arizona Smokers, Inc. was self-represented.
Matt Harper, CCIM represented the landlord, Robert and Arlene Thatcher in a 25-month retail lease for 1,550 SF at 4742 W. Glendale Ave., Glendale, AZ. The tenant, Stephanie Munguia & Kevin Reyes was self-represented.
Matt Harper, CCIM represented the landlord, Cynergy, LLC in a 12-month retail lease for 1,350 SF at 1533 N. Alma School Road, Mesa, AZ. The tenant, Tanisha Chapman 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 | Oct 18, 2021 | News & Updates
PHOENIX, ARIZONA (Oct. 18, 2021) – NAI Horizon’s Investment Services Group represented the buyer in the $4.316 million purchase of a restaurant occupied by International House of Pancakes (IHOP) as the tenant in a long-term NNN lease.
The 4,079 SF, single-tenant, IHOP restaurant property is located at 2624 W. Memorial Road in Oklahoma City, Oklahoma, by Quail Springs Mall fronting John Kilpatrick Turnpike at North May Avenue.
NAI Horizon Executive Vice President Lane Neville, Senior Associate Logan Crum and Agent Cole Neville represented the buyer finalizing a 1031 Tax Deferred Exchange. The seller was represented by Cushman & Wakefield (Scott Crowle, Michael Yuras and McKenney Houck).
“The IHOP is a great cash-flowing asset, located in a very nice area of Oklahoma City. The property has excellent visibility and easy access to multiple highways. Strong demographics and heavy vehicular traffic have supported this location since 2000,” Lane Neville said. “The Quail Springs Mall anchors a regional collection of commercial uses, 176,000 people reside within a 5-mile radius of IHOP. Area uses include big-box retailers, national hotel brands, high-end office, luxury apartments, regional hospital and medical services.”
The NAI Horizon Investment Services Group specializes in the sale and valuation of retail and office properties in Phoenix MSA and throughout the Southwest U.S.
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 | Oct 13, 2021 | News & Updates
MARANA, ARIZONA (October 13, 2021) – Construction is underway for The Alexander, a new ground up 209-unit, four-story multifamily community that emphasizes technology and wellness.
A groundbreaking was held last month for the $49 million asset at 3915 W. Aerie Drive. It is owned and developed by Thornydale Apartments, LLC., c/o Sears Financial Corporation. Asset Living, formerly Shelton Residential, will manage the property.
When The Alexander is completed in June 2023, it will feature two main mid-rise buildings, six garage buildings providing 12 loft units with attached garages, and two freestanding garages. It will encompass 292,850 gross SF and 199,905 rentable SF.
“I have lived in Phoenix, Denver, Los Angeles, and now Las Vegas and have had an opportunity to see what many innovative developers are building in those markets,” said Doron Sears, President of Sears Financial Corporation. “When I decided that I needed an apartment when I come to Tucson for work, I couldn’t find anything that completely fit my needs so we decided to build one.”
The four-story midrise features elevator service to take advantage of the mountain and city views. The Alexander will be the first midrise project in a market that is primarily garden-style walkup communities.
Amenities at The Alexander include a dog park, a barbeque area, a bike storage and repair area, a resort-style pool, fitness center, outdoor fitness area and a variety of wellness offerings.
“The overall design and amenities package are a blend of the best features from a handful of projects that I love in other cities,” Sears said. “The wellness amenities we added because they were meaningful to me and represent a lifestyle that I want to share with others. We designed the project to appeal to a large audience with upgraded countertops, flooring, fixtures and appliances.”
What sets the project apart, Sears added, are the technology and wellness amenities. Some features of the technology package are high-speed internet with property-wide secure Wi-Fi, keyless door and property access, lighting and temperature control as well as DISH TV. Units include blackout blinds in the bedrooms and adjustable smart lighting to customize the in-unit environment.
“The unit and common area finishes and amenities will set this place apart, but the technology package and wellness touches are truly unique. I said from the beginning that the highest honor will be to be copied and I believe many of the amenities we provide will become standards soon,” Sears said.
The architect of record is Way Architects P.C. (Doug Fullen) and the general contractor is EMJ Construction. Notable subcontractors included Dish Fiber and Data Link (technology package infrastructure); Perry Engineering (civil engineering); and The Planning Center (re-zoning).
Present at the ground breaking were Marana Mayor Ed Honea, Town Manager Terry Rozema, and members of the Marana Chamber of Commerce.
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by Peter Madrid | Oct 11, 2021 | News & Updates
MESA, ARIZONA (October 12, 2021) – Leadership is the legacy that defines Dale Marr, who in 2021 is celebrating 40 years in the construction industry, 28 of those helping guide the growth of Concord General Contacting, Inc.
“Being a part of the second generation of leadership at Concord has been a great privilege and wonderful experience. Jim and Gary Jackson founded this company on the principles of integrity and relationships. I have been honored to have the opportunity to continue growing Concord based on these guiding principles,” said Marr, a shareholder with the general contracting firm, which celebrates its 50th anniversary next year.
Marr, who will officially retire in 2022, has also been instrumental in building the foundation for the new leadership team. The transition began in 2018 when Marr handed the CEO reins to Grenee Martacho and named third-generation leaders including COO Jason Beaver and President JV Nyman.
“Concord was a smaller company when I started in 1993. Most of our work at the time was procured through the low bid system. I was hired as a project manager, and we had just opened the Tucson office, so we were poised for growth.”
In 2001, Arizona’s approval of alternate delivery methods played a key role in facilitating the next phase of growth, Marr said. This included design-build, construction manager at risk, and job order contracting. It allowed public owners to select and negotiate with construction firms based on qualifications, not just low bid.
“This necessitated creating a marketing and business development department, which became instrumental in obtaining work. I was able to help lead this process in the 2000s and help the company grow,” he said.
Concord specializes in serving the K-12 sector, religious facilities, municipal work, and higher education projects. It has expanded its portfolio in recent years to include auto dealerships, medical office buildings, municipality work, and historical renovations.
“Working with churches is one of the areas I am particularly passionate about,” Marr said. “We enjoy walking with them through the building process. To watch church members enter a new facility for which they made personal financial sacrifices is something to behold. It gives real purpose to why we do what we do.”
Since becoming a partner in 2002, Marr was instrumental in bringing to reality the transition of Concord to an ESOP (employee stock ownership plan).
“Years ago, I, along with my partners, had the vision to transition Concord to an ESOP. This became a reality just last year, but already it has had very positive effects on our company culture. This will make Concord an even more desirable firm to belong to for years to come,” Marr said.
During his career at Concord, Marr said there is one thing that hasn’t changed – the company takes pride in taking that extra step and always caring about the project, and caring about its employees.
“People don’t care how much you know until they know how much you care,” Marr said. “I take that to heart with clients and our people. That’s who I am. That’s how I am wired. We don’t get every project, but we get the ones we want.”
A native of Peoria, Illinois, Marr attended the U.S. Air Force Academy in Colorado Springs, Colo., and earned a bachelor’s degree in civil engineering from the University of Arizona. He also played football at the academy.
“I’m most proud of helping develop our people over the years and influencing the culture of Concord,” Marr said. “To the best of our ability, we’ve tried to hire people with solid character traits, knowing that, along the way, we will teach the technical skills and the unique Concord style that sets us apart from other companies.
“We want to be known not only as a great general contractor to work for, but also a place where a person can thrive and achieve their professional goals beyond just earning a paycheck.”
Dale Marr (Photo by Payton Major)
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by Peter Madrid | Oct 5, 2021 | News & Updates
Cadence Living is again partnering with Ryan Companies to provide seniors with a vibrant community lifestyle for their later years and addressing the growing need for options in desirable areas.
SCOTTSDALE, Ariz. (October 5, 2021) — Cadence Living, Harrison Street and Ryan Companies US, Inc. announce that construction has begun on its newest approximately $64M luxury senior living community, Acoya Shea in Scottsdale, Arizona.
The 197,000 square-foot luxury senior living community, located on 2.55 acres near the intersection of Scottsdale Road and Shea Boulevard at 7373 E. Shea Boulevard, will provide 147 studio, one- and two-bedroom independent, assisted living and memory care residential units.
Designed to offer an exceptional living experience for seniors seeking a vibrant lifestyle, Acoya Shea will feature amenities and services including multiple indoor and outdoor dining venues with farm-to-table meals, a private courtyard with a fireplace and swimming pool, movie theater, salon and barbershop, fitness studio, cocktail lounge, underground parking garage, outdoor pet area as well as a memory care garden, telemedicine room and a dedicated massage and physical therapy room.
The four-story community will include four wings that conjoin to an elegant two-story great room with a large outdoor living area, ideal for seniors seeking an active, healthy, and social lifestyle.
“Now more than ever, seniors are demanding an active, healthy, and creatively engaging lifestyle,” said Eric Gruber, principal with Cadence Living. “By adding Acoya Shea to our family of communities, Cadence and Ryan are responding to those seeking the elegance of a modern community with luxurious amenities in a desirable location.”
Each residence will include a full kitchen, comfortable living area, a patio or balcony, washer and dryer, walk-in shower and a 24-hour emergency line. Located next to high-quality restaurants and coffee shops, residents will enjoy easy access to all Scottsdale has to offer, creating an opportunity to indulge in a full urban infill experience with artistic, intellectual, social and entertainment programing arranged through Cadence’s red carpet concierge services.
Acoya Shea is Cadence Living’s ninth community in Arizona, and the fourth community to be developed in partnership with Ryan. The new luxury senior living community was designed and built by Ryan. Construction is expected to complete in quarter two of 2023. This project will create approximately 100 permanent jobs and construction will generate approximately $6 million in job wages.
“Senior living communities have evolved tremendously, and Cadence Living understands that,” said Daniel Raimer, director of real estate development, Ryan Companies. “Through our partnership with Cadence Living, we’re creating an innovative place for seniors to age-in-place. This allows residents to remain in their home even as their healthcare needs change, which is important for residents and their families.”
About Ryan Companies US, Inc.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan’s market depth includes retail, industrial, healthcare, multifamily housing and senior living. Ryan’s development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality and mission critical facilities. Ryan has over 1,800 employees in 16 offices and has completed projects in nearly every state. For more information, visit ryancompanies.com.
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with offices in London and Toronto, the firm has more than 195-employees and approximately $36 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street has been awarded Best Places to Work by Pensions & Investments for the last seven consecutive years and was named 2020 Global Alternatives Investor of the Year by PERE. For more information, please visit www.harrisonst.com.
About Cadence Living
Established in Scottsdale, Arizona in 2016, Cadence Living is an owner, operator and developer of senior living communities across the United States. With communities located across the country, Cadence Living’s team of professionals are devoted to providing high quality living environments focused on health, wellness and living styles that respect individual preferences while providing supportive services to help people live their best life. For more information, visit www.cadencesl.com.
by Peter Madrid | Oct 4, 2021 | News & Updates
PHOENIX, ARIZONA (October 4, 2021) – NAI Horizon Land Specialist Joan Krueger represented the seller in the three-parcel, $4.927 million disposition of a 62-acre family farm in Buckeye, Arizona.
Krueger represented the Stephens Family Trust of Buckeye. The property at Rooks Road and Highway 85 was another purchase in the area by the buyer, Arizona Land Consulting of Scottsdale, Arizona, intended for investment.
“It was a great honor to work with the Stephens Family on this opportunity,” Krueger said. “The members of the trust worked this land after their father purchased it in the 1950s. They’ve been good stewards and active members of the Buckeye community. They have seen a lot of changes.”
In 2017 and 2018, Buckeye was the fastest-growing city in the U.S. It is home to more than 85,000 residents.
The buyer was represented by Scott Truitt of Western Land Company.
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 | Oct 4, 2021 | News & Updates
PHOENIX, ARIZONA (October 4, 2021) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, presents its annual Women Icons event, this year featuring “Leading Ladies of Commercial Real Estate Organizations.”
Speakers for the event include Suzanne Kinney, President and CEO, NAIOP Arizona; Deb Sydenham, Executive Director, ULI Arizona; Lindsey Carlson, President, AZCREW; Marina Hammersmith, 2020 Chapter President, Central Arizona CCIM; and Carrie, Kelly, Executive Director, Arizona Association for Economic Development (AAED).
Deb Sydenham, ULI Arizona
The program is scheduled for Oct. 19 from 4:30 to 6:30 p.m., at the Central Arts Plaza conference facility, 1850 N. Central Ave., in Phoenix. It is an in-person event. Registration is $40 for AZCREW members and $50 for nonmembers.
“The lineup for this year’s panel is proof that women are taking their seat at the table,” said Heather Skinner, AZCREW board member and incoming president. “Each of our speakers has exhibited exemplary leadership both within the industry and their respective organizations.
“We’re thrilled that the five major commercial real estate organizations in the Valley are led by women, but there is still much to accomplish. CREW Network is leading the way globally for diversity, equity, and inclusion in the industry,” Skinner said.
Those attending are required to fill out a COVID-19 waiver prior to attending the event. Register here. The waiver can be found on the registration form.
About AZCREW:
AZCREW is the local affiliate of CREW Network. CREW Network is at the forefront of achieving gender equity and greater diversity in commercial real estate. We will achieve this by transforming the industry by advancing women globally. Our membership offers unparalleled business development, leadership opportunities and networking both locally in your market and globally across our 12,000-member base. For more information visit arizonacrew.org.
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by Peter Madrid | Sep 30, 2021 | News & Updates
PHOENIX, ARIZONA (September 30, 2021) – NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen represented the buyer, Tempe-based Carvana, in the $25 million purchase of 148 acres in Surprise, Arizona.
The land is at the NEC of Litchfield and Cactus roads in the Cactus Commerce Center. It has been owned by the Nitta family for decades, according to LoopNet.
Carvana is a leading e-commerce company that sells used cars through an easy-to-use technology platform. The purchase in Surprise comes about a month after Carvana closed on 3 acres on the corner of Loop 101 and 83rd Avenue near Bell Road in Glendale.
“Carvana is making a strong statement in Phoenix with its current acquisitions,” Sonabend said. “The site will be developed into a restoration and storage yard.”
Surrounding land sites in Surprise are home to Crescent Crown, Amazon, MLily and numerous Fortune 500 companies.
“We pursued several sites. However, the location of the Cactus Commerce Center and surrounding utilities provide a quick pathway to development,” Sonabend said.
The seller, Surprise/Dysart Properties of LLC of Orange, California, was represented by Tony Lydon with JLL.
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 | Sep 29, 2021 | News & Updates
PHOENIX, ARIZONA (September 29, 2021) – The sales of an office building in Scottsdale, a retail building in Mesa and an industrial building in Phoenix totaling more than $11 million highlight recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Lane Neville, Logan Crum and Cole Neville negotiated the sale of a 23,240 SF office building representing the seller, Structured REA-3080, LLC for $8.2 million. The property is located at 3080 N. Civic Center Plaza, Scottsdale, AZ. The buyer, GMCW, LLC was represented by Tony Werstler with The Jason Mitchell Group.
Mark Wilcke negotiated the sale of a 9,950 SF retail building representing the seller, Nu Sash, LLC for $2.3 million. The property is located at 1507 S. Country Club Drive, Mesa, AZ. The buyer, Little Sam Investments, LLC was represented by Scott Spear with Eisenberg Company.
Rick Foss negotiated the sale of a 3,693 SF industrial building representing the seller, Cedar Trading, LLC for $550,000. The property is located at 2346 E. University Drive, Phoenix, AZ. The buyer, Dominick Kehayias was represented by Greg Hopley with Colliers.
Lease Transactions:
Jeff Adams represented the tenant, AES Direct Express, LLC in an 87-month new industrial lease for 132,210 SF at 2225 E. Germann Road, Chandler, AZ. The landlord, Realty Associates Fund XII Portfolio, L.P. was represented by Pat Harlan & Steve Sayre with JLL.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, SIMONCRE CSH II, LLC in a 120-month retail lease for 26,800 SF at 1036 E. Southern Ave., Mesa, AZ. The tenant, Goodwill of Central and Northern Arizona was represented by Jeff Lee with GWCRE, LLC.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Goldman Group IV, LLC in a 120-month retail lease renewal for 8,468 SF at 6501 E. Greenway Parkway, Scottsdale, AZ. The landlord, LIPT East Greenway Parkway, LLC was represented by James DeCremer with Avison Young.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, S & K Kennemore Company, Inc. in a 120-month retail lease for 4,260 SF at SWC of Van Buren and Avondale Blvd., Avondale, AZ. The landlord, RDEV Coldwater Springs, LLC was represented by Jason Fessinger with Western Retail Advisors.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP in an 89-month office lease for 4,296 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Vitalize Weight Loss & Wellness was represented by Matt Fitz-Gerald with Colliers.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Polishh’d Nails in a 120-month retail lease for 1,500 SF at 1212 E. Bell Road, Phoenix, AZ. The landlord, SimonCRE Torreon, LLC was represented by Brian Gausden with Western Retail Advisors.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6MF, LLC in a 60-month retail lease for 2,800 SF at 1840 E. Warner Road, Tempe, AZ. The tenant, Cabinets 4 Less, LLC was represented by Brandon Alsayed with DeLex Realty.
Troy Giammarco and Joe Pequeno represented the landlord, SFE Holdings, LLC in a 62-month industrial lease for 3,200 SF at 8925 W. Larkspur Drive, Peoria, AZ. The tenant, Creative Environments Design & Landscape Inc. was represented by Mike Parker with CBRE.
Troy Giammarco and Joe Pequeno represented the landlord, SFE Holdings, LLC in a 61-month industrial lease for 3,200 SF at 9299 W. Olive Ave., Peoria, AZ. The tenant, Pro Air Solutions, LLC was represented by Emma Barreca with Diversified Partners, LLC.
Matt Harper, CCIM represented the landlord, GGR Holdings, Inc. in a 66-month retail lease for 2,463 SF at 4024 E. Guadalupe Road, Gilbert, AZ. The tenant, Brick Moms, LLC was self-represented.
Thomas Smith, Don Morrow and Dylan Whitwer represented the tenant, Jubileo Internacional Phoenix Corporation in a 36-month industrial lease for 5,584 SF at 2323 Magnolia St., Phoenix, AZ. The landlord, Zimmerman VI, LLC was represented by Rod Crotty with Cutler Commercial.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Bell-51st, LLC in a 60-month retail lease for 1,550 SF at 4925 W. Bell Road, Glendale, AZ. The tenant, Honey Nail Salon, LLC as self-represented.
Joe Pequeno and Troy Giammarco represented the tenant, A Peace of Mind Health and Wellness, LLC in a 36-month office lease for 2,124 SF at 1430 E. Indian School Road, Phoenix, AZ. The landlord, Varitec Solutions was represented by Tarryn Fountain with Cushman & Wakefield.
Matt Harper, CCIM represented the tenant, Inner Strength Chiropractic Inc. in a 38-month office lease for 1,229 SF at 13055 W. McDowell Road, Avondale, AZ. The landlord, Phillip T. Landry was represented by Matthew Kostrivas with ZDI Realty Advisors.
Thomas Bean, CCIM and Matt Harper, CCIM represented the landlord, MAZ Palo Verde, LLC in a 25-month office lease for 1,954 SF at 5251 W. Campbell Avenue, Phoenix, AZ. The tenant, New Horizon Youth Homes, Inc. was represented by Aaron Norwood with LevRose.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Bailey Red Rock Plaza, LLC in a 38-month retail lease for 1,638 SF at 16425 E. Palisades Blvd., Fountain Hills, AZ. The tenant, The Macilyn Method, LLC was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC in a 37-month office lease for 1,442 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Chambers Agency Inc. was represented by Melody Bramer with Keller Williams.
Thomas Bean, CCIM and Jay Mininberg, J.D. represented the landlord, Vintage Garden Properties in a 36-month office lease for 925 SF at 10240 W. Bell Road, Sun City, AZ. The tenant, Mad House Rage Room, LLC was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, Sun City Professional Building in a 25-month office lease for 608 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, AZ at Home, Inc. was self-represented.
Rick Foss represented the landlord, Anthem Plaza, LLC in a 24.5-month lease for 1,153 SF at 42302 N. Vision Way, Anthem, AZ. The tenant, R Streamline Design, LLC was represented by Brent Ranta with AK Commercial Properties.
Matt Harper, CCIM represented the landlord, Robert & Arlene Thatcher in a 24-month retail lease for 650 SF at 5832 W. San Miguel Ave., Glendale, AZ. The tenant, Carlos Ponce was self-represented.
Matt Harper, CCIM represented the tenant, Arcadia Biltmore Pilates, LLC in a 12-month office lease for 760 SF at 4545 N. 36th St., Phoenix, AZ. The landlord, J&H Property Partners II, LLC was represented by Sarah Thompson with Helix.
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 | Sep 22, 2021 | News & Updates
PHOENIX, ARIZONA (Sept. 22, 2021) – NAI Horizon represented the tenant in the turn-key deal of a long-term lease for a 132,210 SF brand new, freestanding warehouse in Chandler, Arizona. The total value of the long-term lease is approximately $8.5 million.
NAI Horizon Senior Vice President Jeff Adams represented AES Direct Express, LLC, an Arizona limited liability company (dba SKU Distribution) in its lease of Parc Germann located at 2225 E. Germann Road, Building B, in Chandler.
The brand-new construction sits on 9.37 acres on Germann Road in the highly sought-after East Valley. It features a secure concrete truck court, a secure private yard, new ownership, and a new office and warehouse whose interiors are finished and ready for occupancy.
The tenant offers third-party logistics fulfillment and other management services.
“SKU Distribution is a treasured client that I am proud to have procured attractive deals for as they grew,” Adams said. “They are still a younger company, but due to proprietary software, high efficiency and accuracy throughout the entire procurement and delivery cycles, they have been able to quickly garner several top accounts in the rapidly expanding 3-PL and 4-PL logistics markets in Metro Phoenix.
“This expansion space will allow my client to bring on more national accounts who have been on hold as the space was simply not available,” Adams said.
The landlord, Realty Associates Fund XII Portfolio, L.P., a Delaware limited partnership from Newport Beach California, was represented by Pat Harlan and Steve Sayre of JLL.
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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