by Peter Madrid | Oct 23, 2019 | News & Updates
PHOENIX, ARIZONA (October 23, 2019) – The $1.748 million sale of a 16,471 industrial building and the $395,000 sale of a 63,574 SF piece of land, both in Chandler, highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Jeff Adams negotiated the sale of a 16,417 SF industrial property, representing the seller, Hugh J. Doss and Margarette E. Doss Revocable Trust, for $1.748 million. The property is located at 3265 N. Delaware St., Chandler, AZ. The buyer was Helser Brothers Investments, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated a land sale of 63,574 SF, representing the seller, John & Donna Warwick for $395,000. The property is located at 2140-2160 N. McQueen Rd., Chandler, AZ. The buyer, Regal Investment International, LLC, was represented by Melody Bramer with Keller Williams Integrity First Realty.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6TB, LLC, in a 124-month retail lease for 4,532 SF at 8378 W. Thunderbird Rd., Peoria, AZ. The tenant, Fuzzy’s Global, LLC, was represented by Rosemarie Rommes with Gimlet Realty.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 60-month office lease for 6,257 SF at 7301 N. 16th St., Phoenix, AZ. The tenant, The Foresight Companies, was represented by Jason Butler with ROI Properties.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Quan Yin Family, LLC, in a 120 -month retail lease for 1,800 SF at 1804 E. Southern Ave., Tempe, AZ. The landlord, Valley Plaza REH, LLC, was represented by Shane Carter with Cushman & Wakefield.
Thomas Bean, CCIM and David Blanchette represented the tenant, Child and Family Resources, Inc., in a 77-month office lease for 4,626 SF at 1951 W. Camelback Road, Phoenix, AZ. The landlord, Camelwest LLC, was represented by Ryan Timpani and Nick Bialkowski with Colliers.
Laurel Lewis represented the tenant, Casey & Company CPAS, PLLC, in a 66-month office lease for 2,024 SF at 5416 E. Baseline Road, Mesa, AZ. The landlord, FFIV AZ MESA, LLC, was represented Mark Gustin with JLL.
Jay Olson represented both tenant, Lifetime Plumbing and landlord, Gerald M. Olson and Diane M. Olson, in a 36-month industrial lease for 3,600 SF at 115 N. 30th St. Phoenix, AZ.
Laurel Lewis represented the landlord, State Bar of Arizona, in a 39-month office lease for 1,073 SF at 4201 N. 24th St. Phoenix, AZ. The tenant, ThreeDot Staffing Inc., was represented by Jeff Jennings with Prostar Realty.
Jeff Adams represented the tenant, SLM Landscaping, in a 37-month industrial lease for 2,160 SF at 841 W. Fairmont Dr., Tempe, AZ. The landlord, Hardy-Fairmont LLC, was represented by Brett Ranta and Adam Hansen with AK Commercial Properties.
Kevin Higgins represented the tenant, AllStaff Services, in a 26-month office lease for 1,129 SF at 1204 E. Baseline Road, Tempe, AZ. The landlord, McCandless Tempe LLC, represented itself.
Matt Harper, CCIM, represented the tenant, Beauty in You Body Contour & Spa, LLC, in a 26-month retail lease for 480 SF at 9794 W. Peoria Ave., Peoria, AZ. The landlord, Arrowhead Properties, LLC, was represented by Mark Phillips with Arrowhead Properties.
by Peter Madrid | Oct 22, 2019 | News & Updates
MESA, ARIZONA (October 22, 2019) – Five years ago, Cherie Koester left a prominent job with Maricopa County to start her own business. From her residence in Queen Creek, Koester founded Earthworks Environmental LLC.
As the woman- and minority-owned environmental consulting firm celebrates its fifth anniversary, the Mesa-based company now boasts 36 employees and almost 800 projects across the country.
“While our 5-year celebration is local, I’m extremely proud of my staff for the expansion we’ve made across the country,” said Koester, who holds the title of CEO. “The culture we have created here strives for excellence.
“Last year I said I was prepared to go the distance with this team of elite professionals. I also said I have no plans of slowing down. Earthworks has achieved that goal and more,” she said.
Earthworks Environmental operates in Arizona, Florida, Maryland, Delaware, Pennsylvania, New Jersey, Ohio, Indiana, Illinois, Minnesota, Wisconsin, Iowa, Colorado and Texas. Its Arizona projects are in Phoenix, Tucson, Prescott and Yuma.
Services provided include stormwater pollution prevention, Phase I and II Environmental Site Assessments, dust control, and construction safety compliances. The firm primarily serves land developers, vertical developers, commercial construction, and land-holding companies.
“I’m excited to announce a new service line – drone inspections,” Koester said. “With drone inspections, our clients get access to these videos for their own marketing materials if they would like.”
Koester said the firm is consulting on nearly 800 permits nationally. Recently she hired two additional employees in the Arizona office. Founded in 2014, Earthworks Environmental expanded its operations to Florida and added two employees at its Arizona office in late 2016.
A proprietary program that Earthworks Environmental employs – ERX – has also played a key role in the expansion, Koester said. ERX is an environmental reporting software program that puts all aspects of environmental compliance into one program. This includes any permits and inspections. Koester said nearly 75 percent of the violations in her industry occur in the paperwork process.
A client can hire Earthworks Environmental to handle the entire process including ERX. A client may also decide to opt out of the consulting and use ERX themselves. In that case, Earthworks Environmental will apply a nominal fee for use.
“My motto is, ‘I don’t demand perfection but I do expect excellence,’” Koester said. “At Earthworks, we pride ourselves on being the leader in the industry for technology and customer service. We look forward to the next 5 years.”
To learn more about Earthworks Environmental visit earthworksenv.com.
by Peter Madrid | Oct 16, 2019 | News & Updates
PHOENIX, ARIZONA (October 16, 2019) – AZ Buckeye Investors, LLC was the seller in the $3.65 million disposition of 196 acres of commercial land located at the SWC of Interstate 10 and Highway 85 in Buckeye, Arizona. The buyer is a partnership between Carefree Buckeye 196, LLC and Boeing V LLC.
NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the seller. NAI Horizon Vice President Troy Giammarco and Associate Joe Pequeno represented the buyer in the transaction.
“We are excited to be involved in another important piece in the West Valley,” said Scott Phillips, Director of Acquisitions of Carefree Partners, representing the buying entities. “The teamwork to put this together with NAI Horizon and the quality information and engagement we received from the City of Buckeye have both been a great part of the process so far.”
Buckeye is listed as the No. 1 fastest-growing city in the country according to the U.S. Census Bureau. Buckeye was the only Arizona city to make the list this year. There are tremendous future opportunities in Buckeye for retail shops, services and employment due to this rapid growth.
“As a premier mixed-use commercial site, this large-scale property has strong potential to play a key role in Buckeye’s expanding freeway corridor development,” said David Roderique, Buckeye Economic Development Director.
“This commercial land site is sizable and will be regionally significant as a strategically located freeway property at the western gateway of Buckeye on Interstate 10,” Neville said. “The property also fronts Highway 85, the proposed future CANAMEX Interstate 11 alignment.”
by Peter Madrid | Oct 9, 2019 | News & Updates
PHOENIX, ARIZONA (October 9, 2019) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering four scholarships for classes in 2020 that lead toward getting the CCIM designation.
The 2020 scholarship programs include:
- Two CI 101 full scholarships;
- 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 through their website at https://centralazccimchapter.com/Scholarships. Incomplete or late applications will not be accepted. Deadline for submission is Nov. 4.
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 2020. 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.
Please contact Tiffany Miner at centralaz@ccim.net for any questions.
Learn more about CCIM Central Arizona Chapter: 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 7, 2019 | News & Updates
PHOENIX, ARIZ. (October 7, 2019) – Benefiting its “MRED Dollars for Scholars” program, AZCREW is hosting its annual Black & White Affair on Wednesday, Oct. 30, at the new Transwestern office at the Esplanade, 2501 E. Camelback, Suite 1, in Phoenix.
AZCREW is the leading organization for senior-level executive women in the Metro Phoenix real estate field.
The event is from 5:30 to 8:30 p.m. It will feature tasting tables of local restaurants, specialty drinks, entertainment and a silent auction.
Ticket prices are $65 for members; $75 for non-members and members at the door; $500 for 10 tickets; and $20 for Arizona State University MRED students and faculty. Register here.
Over the past 8 years AZCREW has supported Arizona State University’s MRED students by awarding scholarships totaling nearly $50,000.
“We are fortunate to welcome many of these graduates into our AZCREW Network, and into our respective organizations thanks to this continued collaboration with ASU,” said Lisa Tinnion of Corporate Interior Systems, AZCREW Public Relations/Outreach Committee Co-Chairwoman.
In nine months, the transdisciplinary W. P. Carey Master of Real Estate Development (MRED) program prepares students to lead real estate development projects that are environmentally respectful, socially responsible, and artfully designed. Small class sizes provide opportunities for peer interaction and a number of synthesis projects cover the entire spectrum of development, preparing you for roles throughout the industry.
The MRED program is a transdisciplinary partnership between four highly regarded schools within ASU:
- The W. P. Carey School of Business;
- The Sandra Day O’Connor College of Law;
- The Herberger Institute for Design and the Arts;
- The Del E. Webb School of Construction.
by Peter Madrid | Oct 3, 2019 | News & Updates
PHOENIX, ARIZONA (October 3, 2019) – NAI Horizon represented the tenant in a long-term lease for the manufacturer of wooden doors and related products at West Valley Logistics Center, 12000 N. 132nd Ave., in Surprise, Arizona.
NAI Horizon Senior Vice President Isy Sonabend represented Pima Door & Supply, Inc., of Surprise, in the lease totaling $1.326 million. The tenant will occupy 47,315 SF of the logistics center that totals 418,651 SF.
Pima Door & Supply, Inc. was founded in 1987 and has provided quality service and materials to both contractors and builders in the Valley. It sells doors, windows, jambs, trim products and door hardware.
“Pima Door & Supply is upgrading its manufacturing plant as its sales continue on an upward trajectory,” Sonabend said. “The efficiencies built into this location will enable Pima Door & Supply to boost production while delivering the quality products as they have for more than 30 years.”
Built in 2013, West Valley Logistics Center has 32-foot clear height, 38 dock high doors and four ramp-to-grade doors. It features ESFR sprinklers, skylights and full concrete truck courts. It has trailer parking and easy access to Loop 303 via a full diamond interchange at Cactus Road.
The landlord, Mazal Realty ADA Compliant LP of Westmount, Quebec, Canada, was represented by Bill Honsaker of JLL.
by Peter Madrid | Oct 2, 2019 | News & Updates
PHOENIX, ARIZ. (Oct. 2, 2019) – Gloria Feldt, an acclaimed expert on women, power and leadership with decades of front-line leadership experience and a bestselling author, is the 2019 AZCREW Woman Icon Speaker.
AZCREW, the leading organization for senior-level executive women in the Metro Phoenix real estate field, presents its annual Woman Icon Speaker series Oct. 15 at Phoenix Country Club, 2901 N. 7th St., in Phoenix.
Feldt is co-founder and president of Take The Lead, whose mission reflects her life’s passion: to prepare, develop, inspire and propel women to take their fair and equal share of leadership positions across all sectors by 2025 by providing breakthrough training, mentoring and coaching role modeling and thought leadership.
AZCREW’s October lunch begins with networking at 11:30 a.m. The program starts at 11:45 a.m. Member registration is $45; non-member pre-registration is $65. Registration closes Oct. 10. Lunch is included. Register here.
by Peter Madrid | Sep 25, 2019 | News & Updates
PHOENIX, ARIZONA (September 25, 2019) – NAI Horizon represented the landlord in negotiating a long-term lease for a popular West Valley sports bar at Thunderbird Beltway Plaza, 8378 W. Thunderbird Road in Peoria, Arizona.
The NAI Horizon retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the landlord, CP6TB, LLC of Phoenix in the transaction totaling $1.071 million.
“We’re excited to add Fuzzy’s Sports Grill to our great tenant mix at Thunderbird Beltway,” Anthon said. “We have had success keeping the occupancy rate high for many years and believe locking Fuzzy’s into a long-term lease will benefit both parties. Fuzzy’s is hoping to open by November.”
Fuzzy’s Sports Grill will join tenants at Thunderbird Beltway Plaza that include anchor EOS Fitness, Sprout’s, Lowe’s, CVS and 99 Cents Only. It will occupy 4,532 SF.
The tenant, Fuzzy’s Global, LLC, was represented by Rosemarie Rommes of Gimlet Realty.
by Peter Madrid | Sep 23, 2019 | News & Updates
PHOENIX, ARIZ. (Sept. 23, 2019) – Dr. Sheila D. Harris, Founding Director of the Arizona Housing Finance Authority and former Deputy Chair of the Federal Reserve Bank of San Francisco, has been named International Member of the Year of Lambda Alpha International (LAI).
The winner is selected from chapter nominations of Chapter Member of the Year honorees for the current or prior year by the International Awards Committee. It based upon commitment to LAI, the nominee’s profession and to land economics with respect to achievement in the private or public sectors, research or education.
Dr. Harris, who owns a consulting firm in Litchfield Park, Ariz., has been a member of the LAI Phoenix Chapter since 2004. She served as Chapter President in 2013, LAI International Assistant Treasurer from 2013 to 2015 and LAI International Treasurer from 2015 to the present. LAI is the honorary society of distinguished professionals in all fields related to the use and development of land.
Dr. Harris was appointed by then Chairman Alan Greenspan of the Federal Reserve Board of Governors as a board member of the Federal Reserve Bank of San Francisco. She was the first official from Arizona to serve as a member of the San Francisco Head Office Board. During her tenure she served as Deputy Chair of the Board.
She served under two governors as Arizona State Department of Housing and Arizona Housing Finance Authority directors. During her 6-year tenure in those positions, she oversaw the financing of mortgage revenue bonds, HUD funds, state Housing Trust Funds and IRS Low Income Housing Tax Credits totaling more than $1.5 billion in housing and community economic development.
Dr. Harris will receive the award during the LAI’s semi-annual Land Economics Weekend in Austin, Texas, Nov. 7-9.
“It has been my pleasure to have worked with Dr. Harris over the past several years,” said Elliott Pollack, CEO of Elliott D. Pollock & Co., and LAI Phoenix Chapter member. “As the first director of the Arizona Department of Housing, she was able to accomplish far more than would normally have been expected because of her ability to understand the issues and effectively communicate them while navigating through the bureaucracy with unusual skill.
“She also was intellectually honest when it came to making the best choices for the state. While she was on the Fed’s advisory board, she used her skill set to aid the entire region. She has earned my respect,” Pollack said.
Dr. Harris has spent many hours at the chapter level, assisting with programming content and securing high-level speakers including Janet Yellen who later became Chair of the Federal Reserve Board. Dr. Harris continues to serve on the Phoenix Chapter board as an ex-officio member.
In her term as LAI International Treasurer, she has implemented new processes such as chapter dues payments being paid through online banking and automatic transfers of dues payment to the chapters. She implemented a new LAI International travel policy, and has been instrumental in the due diligence needed to be a good steward of the LAI members finances. She has worked tirelessly through annual budgeting processes.
About LAI International
Lambda Alpha International (LAI) is an honorary, networked international association for distinguished professionals in all fields related to the use and development of land. LAI is committed to promoting best practices and making a difference in our communities. The 2,200-plus members of LAI make valuable connections locally and with peers worldwide. The Phoenix chapter was formed in 1983 and its members – from business, academia and government – represent a wide range of professions dealing with some aspect of land economics. For more information visit www.lai-phx.org/
by Peter Madrid | Sep 18, 2019 | News & Updates
MESA, ARIZONA (September 18, 2019) — Cadence Living and Ryan Companies US announce the grand opening of Acoya Mesa, a new 170-unit senior living community located on nearly seven acres at 6502 E. Brown Road, across from Granite Reef Park.
The grand opening was celebrated this week. It was marked by a ribbon-cutting ceremony with members of the community, Mesa Chamber of Commerce, Ryan Companies and Cadence Living.
The 183,000 SF community offers residents a vibrant lifestyle with independent living, assisted living and memory care apartment options. Acoya Mesa’s modern design features studio, one- and two-bedroom residences with full kitchens, washers and dryers, walk-in showers and a 24-hour emergency lines.
Residents will enjoy upscale amenities, including all-day restaurant style dining, an arts and crafts talent room, raised garden beds, movie theater, salon, game room, special event hall, fitness room as well as a robust schedule of entertainment, fitness classes, book clubs and seminars.
“It’s been an exciting year for Cadence Living with the opening of our second Arizona community,” said Rob Leinbach, principal at Cadence Living. “We are focused on filling the growing need for socially-focused senior living options that inspire holistic well-being and allow residents to share community with their peers.”
Ryan Companies, co-owner and co-developer of Acoya Mesa, served as the general contractor and architect while providing capital markets services for the very first joint venture project with Cadence Living.
“We’ve built an incredible partnership with Cadence Living and are thrilled to be opening this high-quality community for seniors to live comfortably in a project we are so proud to have developed,” said Tyler Wilson, vice president of real estate development, Ryan Companies. “Seeing residents living happily in the community will be rewarding and remind us why we come to work every day.”
Ryan A+E, Inc. designed the community to reflect the architecture and character of the surrounding area and Studio SIX5 focused on creating an inviting interior in which future residents will thrive.
“We’ve spent a lot of time listening to seniors across the country and with Acoya Mesa we have created an incredible place for individuals and couples seeking a lifestyle of wellness and fun to feed their spirit,” said Eric Gruber, principal at Cadence Living. “We look forward to sharing our newest community with you and invite everyone to see for themselves how the Cadence culture creates a vibrant rhythm and lifestyle.”
Acoya Mesa’s grand opening was marked by a ribbon-cutting ceremony this week, celebrated by members of the community, the Mesa Chamber of Commerce, Ryan Companies US and Cadence Living. (Photo by Alison Anne Johnson Photography)
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About Cadence Living
Established in Scottsdale, Arizona in 2016, Cadence Living is an owner, operator and developer of senior living communities. 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 lives. In addition to Acoya Mesa, Cadence Living manages two other senior communities in Arizona: Inspira Arrowhead, located at 20240 N. 78th Avenue in Glendale, opened in spring of 2019. Acoya Scottsdale at Troon, which features views of Pinnacle Peak, is located in North Scottsdale at 10455 E. Pinnacle Peak Parkway. Acoya Scottsdale at Troon is also being built by Ryan Companies and expects to open 135 luxury independent and assisted living units in the fall of 2020. For more information, visit www.cadencesl.com.
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 market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,300 employees in 16 offices and has completed projects in 39 states. For more information, visit ryancompanies.com.
