by Peter Madrid | Nov 12, 2020 | News & Updates
The HUB, a Capital Hall Partners redevelopment project, was recently completed and is ready for tenants. After 15 months of planning, design, engineering, and construction, the once functionally-obsolete 1960s industrial warehouse building has been completely reconstructed into a modern, versatile, healthy and sustainable office building.
The HUB is a 50,320 SF single-story building located in the newly designated Tempe Maker District and in a Qualified Opportunity Zone. The property sits on the NWC of Hardy and Alameda Drive — a prime location minutes from seven major freeways, ASU, Downtown Tempe, Sky Harbor International Airport, 218 restaurants, 46 hotels, and two major shopping centers.
The HUB redevelopment concentrated on achieving three goals – build an environmentally sustainable project, design a healthy building that employees will enjoy and feel safe, and lastly, lower the building’s operational cost.
To achieve these goals, all possible building demolition components were repurposed or recycled. The HUB features a new 14,000 SF outdoor workspace that serves as the main entry and building amenity. The outdoor workspace area is shaded with 458 photovoltaic panels engineered with a “net zero” energy goal to offset nearly the entire electrical demand of the redeveloped office building.
New high-efficiency dual panel windows and doors were cut into the exterior walls providing amply natural lighting to the interior spaces. The east, south, and north windows are shaded to further reduce heat gain and provide a unique architectural look. In addition, the existing roll-up doors were replaced with glass roll-up doors opening the interior to exterior.
These doors are multi-purpose – provide an open feel to the building, provide natural light to the interior, and increase the outdoor air intake. The new roof with a 10-year guarantee will reflect heat, increase insulation, and eliminate water leakage ultimately reducing mold and mildew. The 4.3-acre property features new drought-tolerant landscape designed to reduce water use and a pervious surface parking lot designed and engineered to reduce the heat island and reduce stormwater runoff. The new LED lighting illuminates the parking lot that will accommodate six cars per 1,000 SF of office area.
“Our goal at the beginning was to create a unique and interesting workspace that is healthy, environmentally sustainable, socially responsible, and financially viable. The results of the redevelopment have exceeded our expectations. We look forward to incorporating the planned state of the art technologies for a tenant to lower operating costs, increase healthy building standards, and maintain our goal for building a healthy and sustainable project that will lift the economic viability of the area,” said Michael Bronska, Managing Member.
The tenant improvements planned for the interior incorporates touchless everything including doors, restrooms, and high efficiency LED lighting. Also, to be installed are energy-efficient HVAC systems that will promote enhanced air exchanges, air filtration, and reduced operating costs for tenants while providing the required comfort and safety of employees.
by Peter Madrid | Nov 11, 2020 | News & Updates
PJD earns honors from Phoenix Business Journal, is ranked No. 34
PHOENIX, ARIZONA (Nov. 11, 2020) – Paul Johnson Drywall, Inc. (PJD) is pleased to announce that the company was named to the Phoenix Business Journal’s 2020 Arizona Corporate Excellence (ACE) List of the Top Privately-Held Companies in Arizona. PJD earned a ranking of No. 34, based upon the company’s revenue.
Each year, the Phoenix Business Journal solicits nominations from private companies throughout Arizona to be considered for its Top Private Company List. The nominations are then researched and compiled by the CliftonLarsonAllen LLP accounting firm and ranked by the previous year’s revenue.
“We are pleased to have been recognized by the Phoenix Business Journal and its judges as one of the top privately-held companies in the state of Arizona,” said Cole Johnson, president of Paul Johnson Drywall. “Like the other companies on the list, PJD is focused on delivering our customers the products and services they need to succeed in their business. We know that we are only as successful as our customers so making their business needs a priority at PJD we all succeed with our teams.”
PJD’s honor was based on a 2019 revenue of $68.3 million. The company has 1,769 employees, 1,221 in Arizona.
During the research process, PJD was asked about its business practices, growth strategies, management team and employment practices. In addition to various innovations, PJD explained how through implementing specific employment and business practices the company is raising the bar and embracing its role as a leader in the industry.
Specifically, the company is a top-paying industry contractor, typically exceeding prevailing wages in all categories, and is a leader in establishing best industry practices in employment and benefits, customer service, safety and technological advancements.
About Paul Johnson Drywall:
Established in 1967, Paul Johnson Drywall is an Arizona-based drywall contractor and one of the largest in the Southwestern United States with offices located in Phoenix, Tucson and Prescott, Arizona and Las Vegas. The family-owned business has long-been the drywall contractor of choice for the most prominent single-family and multi-family builders, providing on-time, high-quality drywall and related construction services for projects across the region. With safety, efficiency, quality and professionalism as its core values, Paul Johnson Drywall attracts and maintains the best crews, meets deadlines, and delivers exceptional craftsmanship, which has established the company’s reputation as a leader in the industry. More information is available at pauljohnsondrywall.com.
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by Peter Madrid | Nov 11, 2020 | News & Updates
Firm earns top ranking in Metro Phoenix in 14 practice areas including construction, environmental, energy and energy regulatory, insurance, personal injury and real estate litigation
PHOENIX, ARIZ. (Nov. 11, 2020) – Jennings Haug Cunningham earned top honors from the Best Lawyers in America®, a preeminent legal peer ranking, which recognized the firm as a 2021 Best Law Firm in its local and national rankings.
Jennings Haug Cunningham earned top ranking in Metro Phoenix for construction law & litigation, energy and energy regulatory law, environmental law, natural resources law, insurance law, real estate litigation and personal injury litigation; and nationally earned top rankings in construction law and litigation.
The Best Lawyers in America® recognizes law firms each year, naming firms and practice areas ranked by the legal community as top tier providers nationally, by state and by metropolitan area. Firms included in the 2021 Edition are recognized for professional excellence with consistently impressive ratings from clients and peers.
Twelve attorneys with Jennings Haug Cunningham are recognized by The Best Lawyers in America® in 14 practice areas, making the firm eligible for rankings as a Best Law Firm in these areas.
The 2021 rankings are based on the highest number of participating firms and the highest number of client ballots on record. To be eligible for a ranking, a firm must have a lawyer listed in The Best Lawyers in America®, which recognizes the top five percent of practicing attorneys in the U.S. Over 16,000 attorneys provided more than 1.125 million law firm assessments, and nearly 12,000 clients provided more than 107,000 evaluations.
About Best Lawyers in America®
Best Lawyers is the oldest and most respected peer-review publication in the legal profession. A listing in Best Lawyers is widely regarded by both clients and legal professionals as a significant honor, conferred on a lawyer by his or her peers. For more than three decades, Best Lawyers lists have earned a reputation as the most reliable, unbiased source of legal referrals anywhere.
About Jennings Haug Cunningham: Founded in 1937 in Arizona, Jennings Haug Cunningham is a litigation law firm with extensive trial, litigation management, dispute resolution and complex litigation experience. The firm’s 23 attorneys focus in areas of insurance defense, financial institution litigation, environmental law, construction and contract litigation, surety and fidelity law, lawyer and professional liability, complex civil litigation, personal injury, employment, family law and domestic relations, probate and estate planning, and municipal risk litigation for businesses and individuals. For additional information, visit www.JHC.Law.
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by Peter Madrid | Nov 10, 2020 | News & Updates
PHOENIX, ARIZ. (Nov. 10, 2020) – NAI Horizon Senior Vice President Rick Foss represented the seller in the $4.15 million sale of 9.6 acres on which the buyer plans to construct a 135,000 SF office/showroom/warehouse building on the site.
NAI Horizon represented the Thomas and Olivia DuVall Trust of Phoenix in the land sale at 5824 S. 38th St., in Phoenix. The property was in escrow for almost a year while the buyer/developer rezoned it from S-1 to a Commerce Park/General Commerce Park (CP/GCP) option. The buyer/developer will construct the building for its tenant.
“This location is one of the last remaining large, undeveloped infill parcels in the Central Phoenix, Sky Harbor or North Tempe submarkets,” Foss said. “The sale price establishes a high-sale comp for infill land.”
The buyer, Bondar Holdings, LLC, an Arizona limited liability company, was represented by Ton Bagneschi of Insight Land and Investment.
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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.
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 9, 2020 | News & Updates
PHOENIX, ARIZ. (Nov. 9, 2020) – A restaurant at one of Arizona’s iconic active adult communities recently underwent a refresh that also adheres to safety protocols implemented during COVID-19.
The Sun Lakes Community in Sun Lakes, Arizona, wanted to refresh the restaurant and bar, Cottonwood Bar & Grill, 25630 S. Brentwood Drive, with a new look and feel that made the establishment more appealing to members as well as its guests.
“The space had good bones, but the bar had carpet, mirrored ceilings and 80s lighting that needed to hit the dumpster,” said Beth Katz of KatzDesignGroup. “They wanted a space to bring their kids and grandkids to that felt modern, fresh and inviting.”
KatzDesignGroup moved the beverage and condiment servery station to the unused area of the bar, created a new permanent buffet and created more flexible areas for gathering in the bar dining area.
“The client hosts numerous community parties and events and wanted to have a more permanent buffet for those events,” Katz said. “Relocating the servery area opened the restaurant and bar space, allowing more seating and natural light. The light brick, wallcovering and warm woods all helped create an updated aesthetic.
“We put in a light LVT (luxury vinyl) wood floor, brick pilasters, wallcovering, Crypton velvets and faux alligator vinyls,” Katz said. “We installed warm wood paneling and branded tables with custom twisted metal bases. The lighting above the bar takes elements of the metal fencing at a ballpark with the round baseball-style LED Edison bulb lamps.”
The space always provided a sports bar atmosphere but now is more like an upscale clubhouse. The tables have been socially distanced with temporary Plexiglas partitions installed between the booths for the health and safety of diners.
“I watched a webinar on Restaurant Design During Covid and they spoke about an antimicrobial paper for multiple usage. I mentioned it to the client as an option for single-use menus and he was thrilled with a less expensive safeguard for Cottonwood Bar & Grill patrons.”
The project team comprised Mike Hall, Michael Hall Architect; Kirk Hoffman, Maven Engineering; and John Arnett, Farnsworth Construction. Notable subcontractors included LionCraft (custom lighting, booths, banquette and millwork).
The lighting above the bar takes elements of the metal fencing at a ballpark with the round baseball-style LED Edison bulb lamps.
About KatzDesignGroup:
KatzDesignGroup is a full-service interior design firm specializing in commercial tenant improvements, healthcare, and restaurant interiors. Our mission is to remain on the cutting edge of design utilizing the most current technologies and sustainable products to create modern and engaging commercial interiors. Our goal is to embrace and highlight the best of our client’s corporate culture and philosophies and innovate that concept into a built interior environment. We strive to create fresh branded environments bringing business concepts to life. Our interior layout, lighting, and custom millwork create spaces that are memorable and engaging. For more information visit www.katzdesigngroup.com.
by Peter Madrid | Nov 2, 2020 | News & Updates
PHOENIX, ARIZONA (Nov. 2, 2020) – Sales of five retail properties totaling $2.715 million and two industrial properties totaling $1.765 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Joan Krueger negotiated the sale of an 18,000 SF industrial building representing the seller, Lim Beng Kit and Hui Leng Goh Yip for $1.28 million. The property is located at 3328 E. Corona Ave., Phoenix, AZ. The buyer, Morebacon, LLC was represented by Serena Wedlich with CBRE.
Sharon Reeves negotiated a sale of a 2,885 SF retail building representing the seller, Tan Family Trust for $1.225 million. The property is located at 1350 W. University Drive, Tempe, AZ. The buyer, PREP, LLC was self-represented.
Christopher Lewis and Matt Harper, CCIM negotiated a sale of a 4,177 SF retail building representing both the seller, AZUSA Holdings, LLC and the buyer, Galen Morrow for $545,000. The property is located at 718 & 724 E. Hatcher Road, Phoenix, AZ.
Jeff Adams negotiated a sale of a 4,300 SF industrial building representing the buyer, Jose A. Wise & Linda M. Wise for $485,000. The property is located at 3217 S. 38th St., Phoenix, AZ. The seller, HRP-3, LLC was self-represented.
Sharon Reeves negotiated a sale of a 2,400 SF retail building representing the seller, Circle K Stores, Inc. for $375,000. The property is located at 4023 N. 47th Ave., Phoenix, AZ 85031. The buyer, Jemad, LLC was represented by Matt Harper, CCIM with NAI Horizon.
Sharon Reeves negotiated a sale of a 1,290 SF retail building representing the seller, Joan and Anthony Scerbo for $320.000. The property is located at 10804 N. 71st Place, Scottsdale, AZ. The buyer, Palermo Pisticci Investments, LLC was self-represented.
Matt Harper, CCIM negotiated a sale of a 2,760 SF retail building representing the buyer, IEMAD, LLC for $250,000. The property is located at 4243 W. Bethany Home Road, Phoenix, AZ. The seller, CC Holdings 11, LLC was represented by Shane Mackin with Clear Commercial Advisors.
Laurel Lewis and Dylan Whitwer negotiated a sale of a 924 SF office condo representing the seller, Desert Valley Skate Co. for $64,700. The property is located at 10031 E. Dynamite Blvd., Scottsdale, AZ. The buyer, Merwel Properties, LLC was represented by Mohamed Hegazy with Hegazy Realty.
Lease Transactions:
Matt Harper, CCIM represented the landlord, TSP Metro Gateway, LLC in a 180-month retail ground lease for 64,793 SF at 3315-3443 W. Peoria Ave., Phoenix, AZ. The tenant, And Go Concepts, LLC was represented by Peter McQuaid with Avison Young.
Isy Sonabend and Drew Eisen represented the tenant, Metropolitan Warehouse & Delivery in a 63-month industrial lease for 25,602 SF at 5701 W. Latham St, Phoenix, AZ. The landlord, EastGroup, was represented by Mike Gilbert with Cushman & Wakefield.
Matt Harper, CCIM represented the tenant, Teriyaki One Thirty-Two AZ, LLC in a 60-month retail lease for 2,000 SF at 16955 N. 75th Ave., Peoria, AZ. The landlord, Randall C. Naess, Deette Richmond Sipos and Robert E. Richmond as Co-Trustees of the Testamentary Trust Created under the will of Edmond N. Richmond, was represented by Chuck Gibson with SRS.
Laurel Lewis represented the landlord, Zelus USA, LLC in a 46-month office sublease for 3,738 SF at 5013 E. Washington St., Phoenix, AZ. The tenant, WWC Operations Corp. was represented by Loren Lovell with JLL.
Joan Krueger represented the landlord, Vale Holdings, LLC in a 38-month industrial lease for 1,100 SF at 1365 W. Broadway, Mesa, AZ. The tenant, SNB Motors, LLC was represented by Aaron Dutcher with MHG Commercial.
Jennifer Loehnert represented the tenant, Happy Tails Bakery, in a 60-month retail lease for 1,500 SF at 743 S. Lindsay Road, Gilbert, AZ. The landlord, Shoppes at Mirador Square, LLC was represented by Stefan Boros with Boros Investments, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented both the landlord, CC Fund II Maricopa, LLC and the tenant, Helen’s Kitchen, LLC in a 64-month retail lease for 1,080 SF at 20987 N. John Wayne Parkway, Maricopa, AZ.
Joe Pequeno and Troy Giammarco represented the tenant, Taylor, LLC in a 36-month office lease for 3,116 SF at 1204 E. Baseline Road, Tempe, AZ. The landlord, McCandless Properties was self-represented.
Mike Myrick, CCIM represented the tenant, Peace of Mind Counseling Services, LLC in a 64-month office lease for 944 SF at 1645 E. Missouri Ave., Phoenix, AZ. The landlord, N19OFF1, LLC was represented by Matt Fredrick with Lee & Associates.
Matt Harper, CCIM represented the tenant, Glazed Donuts, LLC in a 60-month retail lease for 1,401 SF at 4815 E. Carefree Highway, Cave Creek, AZ. The landlord, SJF Carefree, LLC and HSB Carefree, LLC was represented by Katie Weeks and Bryan Ledbetter with Western Retail.
Matt Harper, CCIM represented the landlord, LASA Realty, LLC in a 38-month retail lease for 1,800 SF at 7448 W. Glendale Ave., Glendale, AZ. The tenant, Brad Johnson Injury Law, PLLC was represented by Rodd Kestenbaum with Cresa.
Rick Foss and Jay Olson represented the landlord, Friedman Anthem, LLC in a 36-month industrial lease for 1,153 SF at 42302 N. Vision Way, Anthem, AZ. The tenant, Wireless Revolution, LLC was represented by Denny Mitchell with Platinum Realty Group.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC in a 12.5-month retail lease for 1,107 SF at 11001 N. 99th Avenue, Peoria, AZ. The tenant, Phoenix Pro Pool, LLC was self-represented.
by Peter Madrid | Oct 21, 2020 | News & Updates
PHOENIX, ARIZ. (Oct. 20, 2020) – Molly Ryan Carson, a former NAIOP Arizona Board Chairman, has been selected as Chair of NAIOP Corporate Board for 2021.
Carson, Senior Vice President of Real Estate Development, Market Leader Southwest Region for Ryan Companies US, Inc. succeeds 2020 Board Chairman Larry Lance of EVP Asset Services, EverWest Real Estate Partners in Lakewood, Colorado.
“My goals for 2021 are to continue the work on mentorship, and to focus on diversity and inclusion in our businesses and within our industry,” Carson said. “Meaningful connections, especially in these challenging times, are what will make the difference in whether we remain stagnant or grow.”
A NAIOP member since 2007, Carson served as the Arizona Chapter’s Board Chair in 2019. She possesses nearly 20 years of experience in her role at Ryan Companies US, Inc. She is responsible for the leadership of office, industrial, retail and healthcare real estate development efforts. Carson handles site selection and acquisition, municipal use permits and approvals, design and construction coordination, financial packaging and lease or sale negotiation.
Carson has also served as a mentor, cultivating a strong group of development professionals in the industry.
“Molly brings an unmatched enthusiasm and critical perspectives to the role as NAIOP chair,” said Thomas J. Bisacquino, NAIOP president and CEO. “Her dedication to mentoring rising professionals, expanding our diversity and inclusion efforts and attracting future generations to commercial real estate are all important to our industry’s future.
“Molly’s leadership in 2021 will be invaluable as the industry and economy continue to experience the pandemic’s impact. I’m looking forward to her leading our efforts to provide our members with critical resources, and also working with members across the chapter network to leverage our many strengths and ensure that the association and industry succeed,” Bisacquino said.
Besides her ability to deliver high-profile developments, Carson is committed to improving the community in which she works. She is known for her philanthropic activity and active engagement within local and national real estate organizations.
“Molly has been an amazing leader for the Arizona Chapter of NAIOP and a champion for the entire commercial real estate industry,” said Jim Wentworth, Principal at Wentworth Property Company and 2020 Board Chairman for NAIOP Arizona. “I am certain that her special combination of business acumen and public policy savvy as well as her ability to bring people together will serve NAIOP extremely well at the national level as we all work together to recover and rebuild from the effects of the COVID pandemic.”
Meet Molly Carson, 2021 NAIOP Chair. https://vimeo.com/467834323
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About NAIOP
NAIOP, a 20,000+ 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.
by Peter Madrid | Oct 20, 2020 | News & Updates
PHOENIX, ARIZ. (Oct. 20, 2020) – Arizona Self-Storage Association (AZSA), the trade association that represents the self-storage industry in Arizona, recently announced new leadership and two new board members for 2021.
AZSA’s new leadership comprises Diane Gibson, Cox Armored Mini Storage Management, President; Jeff Gorden, Eagle Commercial Realty Services, Vice President; Martin Lorch, BPI Capital Management, Treasurer; and Anne Mari DeCoster, Storelocal, Secretary.
“Heading this association for the next few years is certainly an honor that comes with great responsibility,” Gibson said. “AZSA is and has been known as one of the elite state associations so it’s important for myself and the current board of directors to keep that going. We continue to find board members who give of their time and knowledge to give every operator in Arizona the tools necessary to run their facilities with our standardized best practices.
Alonna Ross
“We are continuing to push ourselves to find ways to connect with our members during this challenging time to ensure our message is still getting out and we continue to help those in need of our assistance,” Gibson said.
New members on the board of directors for 2021 are Alonna Ross, StorageAuctions.com; and DeCoster. Returning board members:
Bill Alter, Rein & Grossoehme Commercial Real Estate; James Appleton, MiniCo Insurance Agency; Poppy Behrens, Conference Chair; David Brown, Wentworth Property Company; Matthew Hall, Stadium Properties; Korey Hanson, Professional Self Storage Management; Whitney Jurjevich, owner/operator; Andrew Kelly, owner/operator; Dave King, Wentworth Property Company; Richard Marmor, legal/legislator chair; Ray McRae, Arizona Mini Storage Management Company; Carol Mixon Krendl, education chair, SkilCheck Services; Belinda Rosthenhausler, CDC Small Business Finance; Chris Rudel, The Rudel Company; and Tarik Williams.
Anne Mari DeCoster
The new leadership also includes naming Amy Amideo as Interim Executive Director; she joins AZSA from the business finance industry.
“I have been entrusted with such an amazing legacy and will work diligently to maintain the high-quality standards and innovative ideas that AZSA has come to represent,” Amideo said. “I’m honored to be part of such a wonderful industry. The members have been so welcoming. The work we will do on legislative issues affecting the industry will be indicative of the collaboration within the group.”
AZSA boasts more than 600 facilities in the association owned by approximately 300 owner/operators as well as more than 100 associate members who are both local and national vendors to the self-storage industry.
AZSA holds numerous events, including live and virtual (webinar) educational offerings and networking opportunities.
About AZSA
Founded in 1996, the Arizona Self-Storage Association was created to strengthen the self-storage industry in Arizona, promote professional standards and quality, and present a unified voice on issues affecting the industry in the state and in its communities. AZSA continues that mission today with approximately 700 facility and vendor members and 300 owners. AZSA works to add and refine services which benefit it members. These services include legislative watch, legal resources, communications, facility and vendor search, educational events and networking and the AZSA Self-Storage Conference & Trade Show. For more information visit azselfstorage.org.
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by Peter Madrid | Oct 14, 2020 | News & Updates
PHOENIX, ARIZ. (Oct. 14, 2020) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering two scholarships for classes in 2021 that lead toward earning the prestigious CCIM designation.
The 2021 scholarship programs include:
- The Tim Hatlestad, CCIM Endowed Scholarship, $1,000 value (CI 102, 103 or 104);
- The David S. Miller, CCIM Endowed Scholarship, $1,000 value (CI 102, 103 or 104).
Applications are submitted directly to the individual’s local CCIM chapter. Incomplete or late applications will not be accepted. Deadline for submission is Nov. 5. Download applications here:
Tim Hatlestad, CCIM Endowed Scholarship
David S. Miller, CCIM Endowed Scholarship
Letters will be sent on or before Dec. 1 notifying those selected. Once accepted, recipients can register for their selected course. CCIM will make every effort to enroll recipients in their first choice. If this is not available, staff will contact recipient for an alternate course. Recipients are responsible for making their own travel arrangements.
Scholarship award reminder: Scholarship recipients will be responsible for reimbursing the chapter for the full cost of a failed course; failing the course renders the scholarship null and void.
The course selected can only be taken in 2021. The scholarship cannot be applied retroactively to any course already taken; the award is not redeemable for cash.
To earn the prestigious Certified Commercial Investment Member (CCIM) designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.
Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.
The chapter has also announced that it is accepting registration for the Central Arizona and CDC Small Business Finance “Par-Tee on the Green,” scheduled for Nov. 19 at Papago Golf Course, 5595 E. Karsten Way, Phoenix.
The event is from 11 a.m. to 3 p.m. Single player registration is $100; team of four registration is $350.
Proceeds will benefit CCIM and Grand Canyon University scholarships. Protective face masks will be provided by CCIM.
Please contact Tiffany Miner at centralaz@ccim.net for any questions.
Learn more about CCIM Central Arizona at centralazccimchapter.com.
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About CCIM Institute
CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision and success for an asset, taught by instructors who are themselves industry leaders.
Today, the organization, through its 50 chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin— real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies.
In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.
by Peter Madrid | Oct 5, 2020 | News & Updates
PHOENIX, ARIZONA (Oct. 5, 2020) – Sales of a mobile home park, an industrial building and two office buildings totaling almost $7 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Andrew Warner negotiated a sale of a mobile home park representing the seller, Casa MHP, LLC for $4.4 million. The property is located at 1431 N. French St., & 1409 N. French St., Casa Grande, AZ. The buyer, Boavida Group was self-represented.
Mark Wilcke negotiated a sale of a 16,140 SF industrial building representing the buyer, JRJ Hacienda, LLC, for $1.875 million. The property is located at 712 S. Hacienda Drive, Tempe, AZ. The seller, 712 Hacienda, LLC was represented by Langdon Bridges with Commercial Properties, Inc.
Mark Wilcke negotiated a sale of a 2,181 SF office building representing the buyer, Native Arizonan Acquisitions VI, LLC for $310,000. The property is located at 4910 E. Elliot Road, Phoenix, AZ. The seller, Van Eik Trust, Papike Revocable Marital Trust & Van Eik Declaration of Trust was represented by Doug Groppenbacher with The Golba Group.
Matt Harper, CCIM, negotiated a sale of a 1,732 SF office building representing the buyer, FQ Story 1137, LLC for $294,440. The property is located at 1137 W. McDowell Road, Phoenix, AZ. The seller, D&W Properties, LLC was represented by Eddie Gonzalez with SVN.
Lease Transactions:
Lori Kahn represented the tenant, GRP Camelback, LLC in an 88-month retail lease for 3,015 SF at 4515 N. 16th St., Phoenix, AZ. The landlord, DM Campbell, LLC was represented by Jerome Jacobs with Newmark Knight Frank.
Sharon Reeves and Matt Harper, CCIM represented the landlord, 915 N. 4th Street, LLC in a 60-month retail lease for 5,000 SF at 915 N. 4th St., Phoenix, AZ. The tenant, Safe Haven Brewing Company, LLC was represented by Justin DiBiase with Kidder Mathews.
Troy Giammarco and Joe Pequeno represented the tenant, OEC Shipping Los Angeles, Inc. in a 66-month office lease for 2,664 SF at 16150 N. Arrowhead Fountains Center, Peoria, AZ. The landlord, CP6AF, LLC was represented by Greg McMillan with Cushman & Wakefield.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CC Fund II Maricopa, LLC in a 60-month retail lease for 2,800 SF at 20917 N. John Wayne Parkway, Maricopa, AZ. The tenant, Emerald City Investments was represented by Ruly Couch with The Restaurant Brokers.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC in an 84-month retail lease for 1,401 SF at 21545 S. Ellsworth Loop Road, Queen Creek AZ. The tenant, Optimum Tile & Stone, LLC was represented by Jamie Prieto with DPR Realty, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Los Reyes De La Torta #3, LLC in a 60-month retail lease for 2,200 SF at 13971 N. 59th Ave., Glendale, AZ. The landlord, Quality Holdings Inc. was represented by Bonnie Crenshaw with BA Brokerage.
Dylan Whitwer and Don Morrow represented the tenant, Mountain View Family Services, LLC in a 39-month office lease for 3,570 SF at 5501 N. 19th Ave., Phoenix, AZ. The landlord, Parkwood, LLC was represented by Emily Currie with Colliers.
Matt Harper, CCIM represented the tenant, Family Care Connections, LLC in a 37-month office lease for 2,660 SF at 17505 N. 79th Ave., Glendale, AZ. The landlord, Signature Services was self-represented
Joe Pequeno and Troy Giammarco represented the tenant, Krave Therapeutic Massage, LLC in a 62-month office lease for 1,514 SF at 13760 N. 93rd Ave., Peoria, AZ. The landlord, TBPC Management, LLC was represented by Bill Cook with The Plaza Companies.
Matt Harper, CCIM represented the tenant, IC Wheels, LLC in a 36-month retail lease renewal for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. The landlord, Grand Ave Station, LLC was represented by Mark Lewis with Luke Land Realty.
Matt Harper, CCIM represented both the landlord, 43rd Avenue, LLC and the tenant, Brenda Espinoza in a 64-month retail lease for 1,305 SF at 9250 N. 43rd Ave., Glendale, AZ.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC in a 62-month retail lease for 831 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Joel L. Brand 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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.
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.
