by Peter Madrid | May 18, 2021 | News & Updates
GILBERT, ARIZ. (May 18, 2021) – Benson Systems, a security and life safety systems provider specializing in testing, design, installation, support, and maintenance, announced it has been awarded the 1GPA (1Government Procurement Alliance) contract under the Fire, Security, and Communication System Solutions category.
The contract is effective May 1 and may be renewed annually for up to an additional four years, if mutually agreed to by 1GPA and Benson Systems. The Benson Systems contract may be utilized anywhere in the U.S.
The contract allows for state/local government, tribal, and K-12/higher education 1GPA members to purchase Benson’s services and remain in compliance with procurement rules. 1GPA has completed the competitive bidding process necessary for public entities.
“With our fire and security systems, organizations get proven procurement advantages and the latest in technology,” said Eric Benson, CEO of Benson Systems. “We work each day to simplify the never-ending tasks that come with growth and innovation.
“We offer a single solution – design, build, and maintenance of fire life safety, security, and communication systems,” Benson said.
1GPA is a national non-profit, governmental purchasing cooperative that allows public entities to take advantage of 1GPA’s contracts to purchase the goods and services they need from local and national vendors.
Benson Systems provides all types of low voltage, HVAC, and plumbing solutions. Benson Systems constantly evaluate the latest technologies and industry practices to ensure it optimizes system performance and value. By understanding local, state, and federal regulations, Benson Systems provides essential insight to effectively meet requirements and identify any industry-specific risks.
All 1GPA contracts are approved and awarded by 1GPA’s lead governmental entities and are available for use and benefit of all entities complying with their state procurement laws and regulations.
Benson Systems is a member of the Arizona Association of School Business Officials, Arizona Multihousing Association, and Arizona Builders Alliance.
About Benson Systems
Founded in 1991, Benson Systems performs security, life safety, low voltage building technologies, HVAC, plumbing, IT as a service (ITaaS), and electronics restoration, providing a complete suite of services including design, installation, support, and maintenance. Benson specializes in education, healthcare, hospitality, municipalities, and commercial markets. Offering a collaborative advantage to our customers with multi-tier offerings, Benson Systems delivers a true value proposition for blended building technologies and services. For more information visit bensonsys.com.
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by Peter Madrid | May 18, 2021 | News & Updates
PHOENIX, ARIZONA (May 18, 2021) – NAI Horizon has expanded its Phoenix office with the hiring of two new professionals – an agent to work with the Investment Services Group (ISG) and a new marketing coordinator.
Cole Neville joins NAI Horizon as an agent and will assist the ISG team of Lane Neville and Logan Crum, focusing on investment sales of multi-tenant office and retail properties. Neville will also provide market research, prospect identification and transactional management. During his training period he will also work closely with the research and marketing departments.
Neville previously worked in corporate sales at CDW, an IT hardware and software provider. He received his bachelor’s degree from the University of Kansas in 2017 with a major in political science and minor in psychology. Neville is a native of Scottsdale, Arizona.
Neville’s hobbies include cryptocurrency, sport shooting, watching Kansas basketball and watching UFC bouts.
Sabrina Drummond
Sabrina Drummond joins NAI Horizon as marketing coordinator. Drummond will play an active role in the office’s marketing efforts, graphic design and social media management.
Drummond previously worked at Goldwater Bank, NA, in its Depository and Mortgage Division. She was responsible for marketing, corporate communications, onboarding and training, project management and website design on a corporate, branch and individual level.
A native of Fremont, California, Drummond moved to Arizona in 2011. She earned her BSW and BS in criminology and criminal justice and a master’s in criminology, all from Arizona State University.
Away from the office, Drummond enjoys traveling, indoor cycling, reading and DIY projects.
“I’m excited to welcome Cole and Sabrina to our NAI team,” said Terry Martin-Denning, NAI Horizon CEO/Designated Broker. “These two bright young people help us further our vision of growing our team with individuals who bring energy, talent and a strong work ethic to our firm.”
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.
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by Peter Madrid | May 11, 2021 | News & Updates
PHOENIX, ARIZONA (May 11, 2021) – NAI Horizon professionals closed recent deals totaling $14.67 million in a variety of property types including church real estate, a self-storage facility and industrial and retail buildings.
Sale Transactions:
Denise Nunez and Victoria Filice negotiated the sale of a self-storage facility, representing both the buyer, Elmdale Ventures, LLC and the seller, Gerald Bernat/Bernat Development Company for $8.135 million. The property is located at 11181, 11245, 11241, 11221 Giordano Court, Huntley, IL.
Lane Neville and Logan Crum negotiated the sale of a 12,380 SF retail building representing the seller, JAM Apache Trail, LLC for $2.341 million. The property is located at 2430 W. Apache Trail, Apache Junction, AZ. The buyer, Olive Pearl, LLC was represented by Steve Ghirado with Ghirado Real Estate Group.
Thomas A. Smith negotiated the sale of a 12,644 SF church building representing the seller, Gloria Dei Evangelical Lutheran Church for $2.41 million. The property is located at 3539 E. Stanford Drive, Paradise Valley, AZ. The buyer, HOH PV, LLC was represented by Waseem Hamadeh with Venture REI.
Thomas A. Smith negotiated the sale of a 3,340 SF church building representing the buyer, The Trinity Church for $740,000. The property is located at 14201 N. Hayden Road, Scottsdale, AZ. The seller, Brad White and Lori White was represented by Tim Whipple with Hub Commercial.
Joan Krueger negotiated the sale of a 1,100 SF industrial building representing the seller, Heath Sullivan for $650,000. The property is located at 1365 W. Broadway Road, Mesa, AZ. The buyer, Nicholas Lagusis and Sam Lagusis was self-represented.
Matt Harper, CCIM negotiated the sale of a 480 SF retail building representing the seller, HEMAD, LLC for $400,000. The property is located at 6147 N. 59th Ave., Glendale, AZ. The buyer, Primos Holdings, LLC was self-represented.
Lease Transactions:
Thomas A. Smith represented the landlord, HOH PV, LLC in a 24-month church lease for 12,644 SF at 3539 E. Stanford Drive, Paradise Valley, AZ. The tenant, Blessings Community Church was represented by Lorence Zimbaum with Paramount Ventures.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, AZ Firehosers 3, LLC in a 120-month retail lease for 1,800 SF at 3434 W. Greenway Road, Phoenix, AZ. The landlord, Kash Capital, LLC was represented by Trask Switzenberg with Kidder Mathews
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6ARP, LLC in a 60-month retail lease for 3,974 SF at 18561 N. 59th Ave., Glendale, AZ. The tenant, Yesvee Foods, LLC was represented by Paul Holland with Colliers.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Structures Cabinet and Design, LLC in a 67-month retail lease for 1,708 SF at 3246 E. Baseline Road, Mesa, AZ. The landlord, Whitestone Village Square at Dana Park, LLC was represented by Ingrid Tucker.
Dylan Whitwer and Laurel Lewis represented the tenant, Stephen W. Johnson, DDS, PLLC in a 61.5-month medical office lease for 2,053 SF at 15730 N. 83rd Way, Scottsdale, AZ. The landlord, T and B Properties of Arizona, LLC was represented by Randy Shall, John Quartinin and Suzanne Enright with Shell Commercial.
Mike Myrick, Don Morrow and Dylan Whitwer represented both the landlord, GGH, LLC and the tenant, BeginRight, Inc. in a 60-month office lease for 1,467 SF at 3138 E. McDowell Road, Phoenix, AZ.
Laurel Lewis represented the landlord 14200 N. Northsight Boulevard 140, LLC in a 38-month office lease for 1,217 SF at 14220 N. Northsight Blvd., Scottsdale, AZ. The tenant, PPH Franchise Holdings, LLC was represented by Sam Jones with Colliers.
Joe Pequeno and Troy Giammarco represented the tenant, Sentinel Offender Services, LLC, in a 26-month office lease for 2,480 SF at 3806 N. 3rd St., Phoenix, AZ. The landlord, Lawrence Forsyte was self-represented.
Matt Harper, CCIM represented the landlord, 43rd Avenue, LLC in a 52-month retail lease for 1,531 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, Ressuscite, LLC was represented by Jeff Harris with Helix.
Joe Pequeno and Troy Giammarco represented the tenant, Sycamore Integrated Health, LLC in a 26-month office lease for 1,969 SF at 1921 S. Alma School Road, Mesa, AZ. The landlord, Canyon Ridge Realty/Fiesta Corporate Center, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Puchhi, Inc. in a 24-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, BCF, LLC was self-represented.
Matt Harper, CCIM represented the landlord, 43rd Avenue, LLC in a 39-month retail lease for 1,040 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, Monicakes, LLC was represented by Carrie Black with Russ Lyon.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC in a 26-month retail lease for 2,214 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Henry G. Martinez was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, Southwest District Council in a 37-month office lease for 600 SF at 7840 N. 31st Ave., Phoenix, AZ. The tenant, Bolay’s Solutions, was self-represented.
Matt Harper, CCIM represented the landlord, 43rd Avenue, LLC in a 12-month retail lease for 2,090 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, KAR Brothers Enterprises, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC in a 12-month retail lease for 1,107 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Roberto R. Gonzales Sr., Steven D. Gonzales and Cristhabel Gonzalez was self-represented.
Matt Harper, CCIM represented the landlord, E&L Investments, LLC in a 12-month retail lease for 1,000 SF at 12416 N. 28th Drive, Phoenix, AZ. The tenant, Alesiah Williams 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 | May 6, 2021 | News & Updates
CHANDLER, Ariz. (May 6, 2021) – Paragon Development Group recently closed on the $3.1 million purchase of 15.67 acres in the Southeast Valley. The site, located on the NEC of West Southern Avenue and South Meridian Road in Apache Junction, Arizona, is slated to become Hampton Meridian, a new 195-unit luxury build-to-rent community. The new community will provide residents with convenient and direct access to US 60, and offers a low-maintenance, luxurious lifestyle in a gated and private community. Construction of the site is beginning immediately, with its first units expected to be available in March 2022.
Modeled after its Arizona Multihousing Association award-winning community Hampton East, Paragon Development Group is creating Hampton Meridian with one-, two- and three-bedroom attached and detached residences ranging in size from 645 square feet to 1,295 square feet. Community amenities will include a pool, spa, sundeck, outdoor kitchens, fitness center and fire pit in addition to community lawns and open spaces, community pedestrian paths, dog park and onsite property management.
“Following the success of our communities in Mesa, Paragon has identified the continuation of the growth from Mesa into western Apache Junction and along the US 60 as a prime opportunity to bring our luxury residential rental option without a mortgage, HOA and other homeownership burdens to our residents,” said Bruce Dunn, president of Paragon Development Group. “The demand for convenient, new and well-located residential rental choices in the US 60 corridor and within 30 minutes to Downtown Phoenix contributed significantly to Paragon’s decision to develop another of its build-to-rent communities in the Southeast Valley submarket, and we are excited to be growing here.”
Consistent with Paragon’s other build-to-rent community neighborhoods, Hampton Meridian will utilize Tempe-based HercuTech’s HercuWall® panelized structural wall system consisting of concrete, steel, polyester film and insulating foam. In addition to creating nearly soundproof residences, HercuWall® will enable The Hampton Meridian residents to achieve energy savings up to 40% as compared to residences built without HercuWall®.
“The combination of location, design, amenities, efficiency and the use of HercuWall® are integral parts of The Hampton Meridian’s consistency with our other communities,” said Paragon executive vice president Scott Turkington.
Hampton Meridian’s pet-friendly residences will include ample covered parking, optional garages, private backyards and front entries, open floor plans, 10-foot ceilings, granite and quartz countertops, full size washers and dryers and stainless-steel appliances.
Rental rates for the Hampton Meridian residences will be released prior to opening and will be competitively priced with surrounding community rentals and Class A apartments.
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by Peter Madrid | Apr 28, 2021 | News & Updates
PHOENIX, ARIZONA (April 28, 2021) – Arizona Multihousing Association, the statewide trade group for the apartment industry, has announced the finalists for the 29th Annual AMA/Cox Communications Tribute Awards.
The 2020 Tribute Awards was a virtual event as COVID-19 forced organizations and businesses to lockdown. This year’s event on August 13 will return to an in-person gathering at a Phoenix venue to be announced.
AMA received a record 755 nominations from 33 member companies. Volunteers also donated 700 hours of their time to judge in the initial round.
AMA is the statewide trade association for the apartment industry, representing more than 300,000 rental housing units and 2,300 members in legislative, legal and regulatory matters. The AMA provides services, products, educational programs and networking opportunities to promote ethical, quality rental housing throughout Arizona.
2021 AMA Tribute Awards finalists
Property Supervisor
- Greg Flatt, MC Residential
- Monica Gatlin, PB Bell
- Bertha Soto, Shelton Residential
- Ashley Tran, Mark-Taylor Residential
- Denise Trentacosta, MEB Management Service (Tucson)
Community Manager 1-199
- Jennifer Bagwell, Monaco at McCormick Ranch, Greystar Real Estate Partners
- Christina Carrano, Villa Vita, Mark-Taylor Residential
- Maria Flores, Bungalows on Jomax, Baron Property Services, LLC
- Lauren McCauley, Lex on Central, Baron Property Services, LLC
- Alanna Taylor, The Standard, Greystar Real Estate Partners
Community Manager 200-299
- Scott Allen, iLuminate/Linear, Baron Property Services, LLC
- Yvettee Oviedo, The Place at Wickertree, MC Residential
- Brian Parker, Montero at Dana Park, Baron Property Services, LLC
- Lindsay Schultz, Vela, Shelton Residential
- Chrisman Swanson, The Place at Riverwalk, MC Residential
Community Manager 300+
- Teresa Garr, San Tan by Baron, Baron Property Services, LLC
- Xenia Higgins, The Ryan, Greystar Real Estate Partners
- Stephanie Mathrusse, The Palms on Scottsdale, Mark-Taylor Residential
- Ciera Moraga, The Halsten, Mark-Taylor Residential
- Kim Ritch, Lake View at Superstition Springs, MG Properties
Community Manager OTV
- Ruben Chavez, Valley View, Nicolosi & Fitch, Inc.
- Gina Desisto, Circ Tucson, Greystar Real Estate Partners
- Samantha Devoe, The Colony, Greystar Real Estate Partners
Assistant Manager
- Michelle Alcantar, Biscayne Bay, MG Properties
- Danny Kwon, Aspire Pinnacle Peak, Weidner Apartment Homes-Arizona
- Stacey Marek, LakeView at Superstition Springs, MG Properties
- Rachelle Ralston, Scottsdale Horizon, MG Properties
- Crystal Summer, Villa Vita, Mark-Taylor Residential
Leasing Consultant
- John Drown, The Catherine, Security Property Residential
- Amanda Green, San Lagos, Mark-Taylor Residential
- Andrew Lopez, The Palms on Scottsdale, Mark-Taylor Residential
- Levi Shaw, Copper Falls, P.B. Bell
- Troy Row, Acero Cooley Station, IDM Apartments AZ, LLC
Regional Service Supervisor
- Casey Hale, P.B. Bell
- Kyle Kik, MG Properties
- Ricardo Salinas, MC Properties
- Kris Servidio, Mark-Taylor Residential
- Johani Villanueva, Avanti Residential, LLC
Service Supervisor 1-199
- Young Baek, Villa Vita, Mark-Taylor Residential
- Thomas Bray, Connect on Union, Western Wealth Communities
- Elmer Merida, Franmar Manor, MEB Management Services
- Darin Minemyer, Sunwood, Shelton Residential
- Michael Pantoja, Avilla Camelback, MEB Management Services
Service Supervisor 200+
- Andrew Keel, The Halsten, Mark-Taylor Residential
- Chris Owen, Summerly at Zanjero, Greystar Real Estate Partners
- Randy Risley, Visconti at Camelback, Greystar Real Estate Partners
- David Robinson, Cadia Crossing, Olympus Property Management
- Don Underwood, Sonoran, MG Properties
Service Supervisor OTV
- John Ayers, Parkcrest, Shelton Residential
- Christopher Hazlett, Riverstone, HSL Asset Management-Tucson
- Art Torres, Dakota Canyon, Nicolosi & Fitch, Inc.
Service Technician
- Joseph Bynum, Elevation Chandler, Olympus Property Management
- Branden Mondoc, Cielo on Gilbert, Avanti Residential, LLC
- Stephen Munyon II, Noria Robson Luxury Apartment, P.B. Bell
- Trevor Terrell, Estate on Maryland Apartments, BH Management Services
- Mark VanBuren, Tamarron, Shelton Residential
Housekeeper
- Vernice Chavarria, iLuminate, Baron Property Services, LLC
- Cecilia Jones, Residences at 4225, Greystar Real Estate Partners
- Elizabeth Lugo, Sonoran Reserve, Scotia Group Management, LLC
- Jonathan Schuermann, Broadstone Waterfront, Greystar Real Estate Partners
- Cheri Stroud, Paradise at P83, P.B. Bell
Best Community Team Prior to 2002
- Aventerra at Dobson Ranch, BH Management
- Biscayne Bay, MG Properties
- The Lex, Baron Property Services, LLC
- Miramonte, P.B. Bell
- Vaseo, Greystar Real Estate Partners
Best Community Team 2002-2012
- Ascent at Papago, MG Properties
- Palm Trails, Avanti Residential, LLC
- San Tan by Baron, Baron Property Services, LLC
- San Hacienda, Mark-Taylor Residential
- The Tamarron, Shelton Residential
Best Community Team 2013-2020
- Linear iLuminate, Baron Property Services, LLC
- Optima Sonoran Village, Optima Realty Inc.
- Paradise at P83, P.B. Bell
- Summerly at Zanjero, Greystar Real Estate Partners
- The Local, Mark-Taylor Residential
Best Community Team – OTV
- Aspen Leaf, MEB Management Services
- Missions at Sentinel Peak, Quarterpenny Management
- Retreat at Speedway, Weidner Apartment Homes – Arizona
Best Community Team – Student Housing
- Aspire Tucson, BH Management
- Paseo on University, Greystar Real Estate Partners
- University Villas at Ironwood, Shelton Residential
Industry Partner of the Year
- Terry Bridges, Rose Paving, LLC
- Bry Carter, The Phoenix Staffing
- Noelia Coria, Kowalski Construction
- Daniel Vollmer, Blue Steel Security
- Chris Walker, Law Offices of Scott M. Clark
Industry Partner of the Year – Tucson
- Tim Furnas, Avalanche Security Solutions
- Sarah Marcarian-Dabb, Redi Carpet
- Judy Kirckey-Prohow, Law Offices of Scott M. Clark, P.C.
Volunteer of the Year
- Mike Johnson, HSL Asset Management-Tucson
- Rachael Kish, Shelton Residential
- Luis Verger, Shelton Residential
Volunteer of the Year – Tucson
- Kimberly Barrow, MEB Management Services
- Kim Fitch, Nicolosi & Fitch, Inc.
- Lisa Jones, HSL Asset Management-Tucson
Arizona Executive of the Year
- Mark Schilling, MEB Management Services
- Justin Steltenpohl, P.B. Bell
- Bob Venberg, PEM Real Estate Group
Corporate Employee of the Year
- Jennifer Baird, HSL Asset Management-Tucson
- Suzie Christenson, MEB Management Services
- Ian Dangerfield, Greystar Real Estate Partners
- Khara House, Bella Investment Group
- Gianna Negretti, Greystar Real Estate Partners
Developers Award – Garden
- Acero Cooley Station, IDM Apartments AZ, LLC
- Copper Falls, P.B. Bell
- Senderos on South Mountain, MEB Management Services
Developers Award – Low/Mid Rise
- Camden North End II, Camden Property Trust
- Paradise at P83, P.B. Bell
- The McKinley, Baron Property Services, LLC
Renovated Community of the Year
- Camelback Flats, BH Management
- Haven at South Mountain, Shelton
- San Tan by Baron, Baron Property Services, LLC
Affordable Community of the Year
- Cottonwood Crossing, Shelton Residential
- Encore on First West, MEB Management Services
- Tanner Gardens, MEB Management Services
For more information, visit azmultihousing.org.
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by Peter Madrid | Apr 28, 2021 | News & Updates
PHOENIX, ARIZONA (April 28, 2021) – NAI Horizon represented JAM Apache Trail, LLC in the $2.34 million disposition sale of Apache Trail Marketplace, a 12,380 SF, multi-tenant retail property located at 2430 W. Apache Trail in Apache Junction, Arizona.
NAI Horizon Executive Vice President Lane Neville and Senior Associate Logan Crum represented the seller. The buyer, Olivia Pearl, LLC, was represented by Ghirardo Real Estate Group, Steve Ghirardo.
“Apache Trail Marketplace is a well-maintained and attractive property with longstanding tenants,” Neville said. “A unique attribute of this retail property is it is anchored by a strong medical tenant.
“Arizona Skin & Laser Therapy Institute, one of Arizona’s most renowned and regarded dermatology practices, occupies approximately 50 percent of the property with the longest lease term. Arizona Dermatology is a stabilizing force and a strong draw for the property,” Neville said.
Other key tenants include Cricket Wireless, Fatman’s Pizza and Kure Corp.
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 | Apr 27, 2021 | News & Updates
PHOENIX, ARIZ. (April 27, 2021) – NAI Horizon represented the seller in the $1.65 million disposition of a building in Mesa, Arizona, that formerly housed a long-standing national tile retailer that went out of business.
NAI Horizon Senior Vice President John Filli, SIOR, represented the Peter & Phyllis Eichman Trust of Green Valley, Arizona, in the sale of the former “A World of Tile” building at 2121 S. Power Road, in Mesa.
The +/-14,060 SF asset sits on +/-1.43 acres of commercial land adjacent to a Big O Tire Sales & Service Center to the north that was constructed on +/-.821 acres of land purchased from the Peter & Phyllis Eichman Trust by STR LLC on June 24, 2013.
The former tenant filed bankruptcy and vacated the building prior to it being offered for sale, which resulted in the cancelation of a 10-year lease.
“Having to deal with the impact of the bankruptcy liquidation process, the COVID-19 crisis, and the December 27, 2020, death of Dr. Peter Eichman, made the close of escrow considerably more difficult than anticipated,” Filli said.
The AWOT building is located in one of the most desirable retail trade areas in the Southeast Valley at the NEC of Power Road and Kiowa Avenue. It is adjacent to the former VF Factory Outlet Center and less than one mile south of the Superstition Springs Mall.
The buyer, KFH 2121 Power Road LLC of Phoenix, was represented by Aaron Klusman with Camelback Partners.
“In looking back at the challenges I faced to successfully complete the deal, I am reminded of an inspirational poem that hung on the office wall of golfing great Arnold Palmer,” Filli said. “He read the poem at the start of each day, serving as a source of inspiration, courage and motivation. It started out ‘If you think you are beaten, you are. … If you think you’ll lose, you’ve lost.’ It ends ‘Life’s battles don’t always go to the stronger or faster man, but sooner or later the man who wins is the man who thinks he can.’”
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 | Apr 27, 2021 | News & Updates
SCOTTSDALE, ARIZ. (April 27, 2021) – Just in time for the summer resort season, the W Scottsdale, a premier Valley hotel, has undergone a $3 million remodel that included a complete gutting of the second-floor entertainment areas surrounding the pool.
Sigma Contracting, Inc., performed the work, which involved the creation and expansion of entertainment areas surrounding the rooftop pool, including new bars and specialty seating areas.
One of the new spaces at W Scottsdale, 7277 E. Camelback Road in Scottsdale, is the Cottontail Lounge, which was designed by Cawley Architects, the architect of record. It is described as a “sophisticated space for breakfast, lunch or late-night cocktails.”
The project called for a unique and creative design with a variety of similarly unique materials to provide for an increased indoor/outdoor air-conditioned entertainment space. The remodel was required to be completed while providing continued pool access for guests. COVID-19 presented its own complications working in an environment with both guests and construction workers present.
“Sigma was excited to be part of the beautiful update to a distinctively elegant facility in Old Town Scottsdale,” said Sigma President Dan Hinkson. “This is a space that will be utilized not only by out-of-town visitors, but also by the local public as well for a variety of special events and meet-ups. We ourselves look forward to enjoying the newly-created environment.”
Notable subcontractors include Sea-Tec Electric (electrician), Universal Piping (plumbing), Envision Flooring (flooring), and MCI Woodwork (millwork).
Built in 2008 and owned by Stockdale Capital Partners, W Scottsdale features 224 guest rooms and 27 suites.
ABOUT SIGMA CONTRACTING INC.
Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.
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by Peter Madrid | Apr 26, 2021 | News & Updates
PHOENIX, ARIZONA (April 26, 2021) – The sales of a 25-acre RV park in Tucson, Arizona, and 4.63 acres in Safford, Arizona, totaling $4.57 million highlight recent deals by NAI Horizon professionals.
Sale Transactions:
Andrew Warner negotiated the sale of a 25-acre RV park representing both the seller, Desert Trails Land Holdings, LLC and the buyer, Desert Trails RV Park, LLC for $4.5 million. The property is located at 3551 San Joaquin Road, Tucson, AZ.
Christopher Lewis negotiated the sale of 4.63 acres on land for $70,000 representing the seller, JFP Development, LLC. The property is located at 20th Avenue and Golf Course Road, Safford, AZ. The buyer, Zihau, LLC was self-represented.
Lease Transactions:
Laurel Lewis represented the tenant, Trustaff Travel Nurses, LLC in a 65-month office lease for 6,331 SF at 16100 N. Greenway-Hayden Loop, Scottsdale, AZ. The landlord, KWC Greenway-Hayden Loop, LLC was represented by Michael Stritmatter with Cushman & Wakefield.
Laurel Lewis represented the tenant, RPI Consultants, LLC in a 66-month office lease for 1,952 SF at 2901 N. Central Ave., Phoenix, AZ. The landlord, Phoenix, Plaza PT, LLC was represented by Pat Boyle with Cushman & Wakefield.
Dylan Whitwer and Laurel Lewis represented the tenant, Stephen W. Johnson, DDS, PLLC in a 61.5-month office lease for 2,053 SF at 15730 N. 83rd Way,
Scottsdale, AZ. The landlord, T & B Properties of Arizona, LLC was represented by Randy Shell, John Quartinin and Suzanne Enright with Shell Commercial.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, RDEV Ranch, LLC in a 60-month retail lease for 1,307 SF at 1134 S. Stapley Drive, Mesa, AZ. The tenant, Eleazar Ruiz Lopez and Sofia Pedro was self-represented.
Jay Mininberg, J.D. and Thomas Bean, CCIM represented the landlord, 3402 N. 36th St., LLC in a 37-month office lease for 1,412 SF at 3402 N. 36th St., Phoenix, AZ. The tenant, Cactus Literacy Center, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Puchhi, Inc. in a 38-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, Cuddly Creations, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Cameron 2, LLC in a 12-month office lease for 897 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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by Peter Madrid | Apr 20, 2021 | News & Updates
Land Advisors Organization’s Metro Phoenix homebuilding team facilitated the deal, sees Build-to-Rent popularity continuing, growing beyond state with consumers and institutional capital.
SCOTTSDALE, ARIZONA (April 21, 2021) – Land Advisors Organization’s Metro Phoenix Homebuilding team is pleased to announce the closing of a land sale in the bustling West Valley of Metro Phoenix on behalf of Empire Village at Paseo de Luces, LLC, The Empire Group of Companies. The sale fetched $7.8 million for 21 acres, which will be developed into a single-family Build-to-Rent community. It will be the fourth such development in the West Valley for The Empire Group of Companies.
The project, Village at Paseo de Luces, is planned for approximately 272 units at the E-NEC of 99th Avenue and Van Buren Street in Tolleson, Arizona. The Empire Group of Companies plans to offer single-family, rental homes ranging in size from +/-700 to 1,300 square feet in 1-, 2- and 3-bedroom floorplans. Land Advisors Organization’s homebuilding team of Bret Rinehart and Ryan Semro represented the buyer in the transaction.
“The West Valley is one of the most active markets in Metro Phoenix. With this land purchase, The Empire Group of Companies is eager to develop another exciting single-family, Build-to-Rent community, this one in Tolleson,” Rinehart said. “The metropolitan Phoenix area is ground-zero for the single-family Build-to-Rent concept. Although it’s been well-known in the market and we’ve helped groups like Empire find land for their communities over the past decade what we are seeing today is a new level of popularity from consumers, which is causing enormous interest from builders and investors looking to either grow their market share or break into it in Arizona as well as other growing areas.”
The Empire Group intends to break ground shortly and expects approximately 12 months for construction of the project. The Empire Group of Companies has developed a trio of single-family build-for-rent communities in the West Valley – Village Harvard Crossing in Goodyear; Village Pioneer Park in Peoria; and Village Olive Marketplace in Glendale.
“With markets like Arizona, Atlanta, Charlotte, Orlando, Tampa, Houston and Dallas experiencing high population growth, the Build-to-Rent concept has become a great option for consumers who are new to an area, or for those transitioning from apartment living to a home but need to take this initial step as they wait for more inventory or pricing to stabilize,” said Rinehart. “And, with more capital groups opening up to the notion of financing these projects, we’re seeing a massive surge in interest on the builder and developer side.”
“In metropolitan Phoenix in particular, the Build-to-Rent space has reached an inflection point where institutional investors are viewing these opportunities on a large, programmatic scale,” said Rory Hansen, western regional director for Land Advisors Capital located in Scottsdale, Arizona. “With land values and construction costs rising in Arizona and across the region putting continued pressure on retail homebuyers, Build-to-Rent communities are becoming an attractive asset class.”
Land Advisors Organization’s Metro Phoenix homebuilding team facilitates sales on behalf of landowners with virtually every major home builder in the market. The team specializes in home builder developments, multi-family communities and master-planned communities throughout Arizona.
“In the last several years institutional investors have recognized the Build-to-Rent strategy as viable and have thus become more interested in diversifying their portfolios with these assets, said Michael Zarola, managing director with Land Advisors Capital located in Austin, Texas. “Nationally, we’re finding that capital groups generally fall into one of two categories when it comes to Build-to-Rent: investing as a general partner with a regional or public homebuilder who has purchasing power, subcontractors and a good knowledge of the local market; or as a limited partner often with a multi-family builder/developer/operator who maintains the operational expertise to manage the asset. There are different risks and benefits to each, so the “right fit” is critical.”
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 and Tampa Bay, Florida; 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.
About The Empire Group of Companies
For more than 40 years, the Empire Group has been at the forefront of residential and commercial real estate development. The company was founded in Milwaukee, Wisconsin, in the 1970s by Richard J. Felker. His goal was to create innovative structures and communities in a dynamic, fast-growing market that embraced the American spirit of risk-taking and entrepreneurialism. Phoenix proved to be a perfect fit for his vision. Within a few years, he moved the firm to Arizona. The company is now based in Scottsdale. Forty years later and within a market that added 2.5 million new residents during this time period, Empire has become one of the leading real estate development firms in the Valley. It has developed and/or managed more than $1.5 billion in assets while carefully stewarding the hard-earned capital of more than 2,000 unique investors. For more visit builtbyempire.com.
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