by Peter Madrid | Apr 23, 2019 | News & Updates
PHOENIX, ARIZONA (April 23, 2019) – Long-term leases for two popular Valley restaurants – Zipps Sports Grill at Park Central in Phoenix and Filiberto’s Mexican Food in Anthem – highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Tyler Smith, Joe Pequeno and Troy Giammarco negotiated the sale of an office building, representing the seller, Shah Group Investments, LLC, for $1.550 million. The property is located at 3400 N. Dysart Road, Bldg F, Suites 121 & 123, and Avondale, AZ. The buyer, Arizona Agribusiness & Equine Center, Inc., was represented by Joel Moyes with Kinetic Companies.
Andrew Warner negotiated the sale of a mobile home park, representing the seller, Village Square, LLC, for $910,000. The property is located at 2105 W. American Ave., Oracle, AZ. The buyer was Skyline Real Estate.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Zipps Park Central, LLC, in a 120-month retail lease for 6,506 SF at 3110 N. Central Ave., Phoenix, AZ. Brent Mallonee with Cushman & Wakefield represented the landlord, HPPC, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Orange Center, LLC, in a 120-month retail lease with Filiberto’s Mexican Food for 2,800 SF at 3632 W. Anthem Way, Phoenix, AZ.
Tyler Smith, Joe Pequeno and Troy Giammarco represented the landlord, Bay Pacific Phoenix Corporate Center, LLC, in a 52-month office lease for 6,154 SF at 10030 N. 25th Ave., Phoenix, AZ. Kate Morris with CBRE represented the tenant, VHS Outpatient Clinics, Inc.
Mark Wilcke represented the landlord, ICC Tempe, LLC, in a 60-month industrial lease for 9,974 SF at 2507 E. Erie Dr., Tempe, AZ. Josh Wyss with Cushman & Wakefield represented the tenant, Pan Jit Americas, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 72-month retail lease with Incredible Escape Rooms, LLC for 7,200 SF at 4925 W. Bell Road, Phoenix, AZ.
Lori Kahn and Tyler Smith represented the tenant, Integrity Pain and Anesthesia, PLLC, in a 75-month office lease for 2,506 SF at 6677 W. Thunderbird Road, Glendale, AZ. Megan Reeves with Plaza Companies represented the landlord, Christian Consulting, Design & Engineering, LLC.
Joan Krueger represented the landlord, San Tan Irrigation District, in a 120-month office lease for 1,616 SF at 3978 E. Chandler Heights Road, Gilbert, AZ. Mary Nollenberger with SVN Desert Commercial Advisors represented the tenant, HODB, LLC
Kevin Higgins represented the landlord, Bogle Family Realty, in an 84-month office lease for 1,553 SF at 7227 N. 16th St., Phoenix, AZ. Dave Heiple with Heiple Travers Realty represented the tenant, The Board of Visitors.
Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 62-month retail lease for 3,321 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Embrace Life, Inc., represented itself.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Los Rios Farms, Inc., in a 24-month retail lease with Yoga Breeze Serenity Shala, LLC, for 2,640 SF at 4705 E. Carefree Highway, Cave Creek, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 38-month retail lease for 1,297 SF at 4915 W. Bell Road, Phoenix, AZ. Douglass Lee with Phoenix West Commercial, LLC represented the tenant, Milesbrook, LLC.
Matt Harper, CCIM, represented the landlord, M&N Realty, LLC, in a 36-month retail lease for 1,227 SF at 12020 S. Warner Elliot Loop, Phoenix, AZ. Tom Wolf with West USA Realty represented the tenant, FSquared Partners VI, LLC.
Laurel Lewis represented the tenant, Mazen, LLC, in a 24-month office lease for 1,500 SF at 7642 E. Gray Road, Scottsdale, AZ. Mike Kane with Colliers represented the landlord, Thunderbird Aero.
Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 37-month retail lease for 1,342 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Mint Furniture Company, LLC, represented itself.
Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 24-month retail lease for 1,344 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Herbalife, represented itself.
Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 25-month retail lease for 831 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Freedom Roofing and Restoration, LLC, represented itself.
by Peter Madrid | Apr 22, 2019 | News & Updates
TEMPE, Arizona (April 22, 2019) – With construction already underway on a number of new projects, master developer Catellus Development Corporation (Catellus) today announced it will bring a 259-room, dual-branded hotel to the Novus Innovation Corridor (Novus) in Tempe through a partnership with national developer and builder Mortenson.
The eight-story hotel, located just north of the northeast corner of the intersection of E. Veterans Way and E. 6th St. in Tempe, will be constructed on a .98-acre footprint within walking distance of Sun Devil Stadium, and is immediately adjacent to Wells Fargo Arena and the planned Multi-Purpose Arena. Amenities will be suited to visitors attending Arizona State University athletics games and events.
Infrastructure activity to prepare for the first hotel, multifamily residential, multi-tenant office and parking garage within the Novus property began in late 2018.
The Mortenson hotel project will be a part of the Hyatt Hotels Corporation under the Hyatt Place and Hyatt House flags.
“This hotel will provide guests a welcoming place to stay, gather and enjoy downtown Tempe with immediate access to ASU’s largest sporting venues and the Novus Place retail and hospitality amenities,” said George Forristall, director of real estate development at Mortenson. “It’s an ideal step in the transformative development of the Novus Innovation Corridor into a world-class, mixed-use urban community.”
The hotel is planned to be LEED certified, with rooftop amenities that include a pool, bar, outdoor gathering area and fitness center.
Hotel amenities will include an open lobby, shaded patio spaces and banquet, meeting, and outdoor event spaces. Guests will be able to relax and socialize in outdoor environments that also will include a ground-level guest kitchen, dining and lobby bar areas.
“ASU is proud of the diverse growth of the Tempe waterfront through the ongoing development of the Novus Innovation Corridor,” said John P. Creer, Assistant Vice President for Real Estate at Arizona State University.
“As a hub for the region’s higher education and business communities, hospitality developments like this are both complementary to the lifestyle experience we are creating and essential to the establishment of Novus as an innovation zone that will advance ASU’s mission and contributions to Arizona’s economic development,” Creer said.
Groundbreaking is scheduled for Tuesday, April 23, with completion expected in Summer 2020.
Known for its leading-edge construction technology and approach to sustainability, Mortenson is working with PK Architects, ESG Architects and Design Force Corporation to ensure that visitors experience the innovative vision of Novus firsthand.
“Each element of the project, including landscape enhancements, will be thoughtfully designed to bring about the overall vision of the Novus Innovation Corridor,” said Charley Freericks, Senior Vice President at Catellus.
“Novus Innovation Corridor is committed to attracting diverse, mixed-use development. Hospitality for university visitors and business people is a key component of the environment we’re building,” Freericks added.
The hotel will provide needed capacity for the growing number of visitors to Tempe, which reached 3.7 million in 2015, according to a report from the Tempe Tourism Office.
The Novus Innovation Corridor was enabled through legislation that was passed and signed into law in 2010. The legislation permits the Maricopa County Board of Supervisors to work with ASU to establish a district in which all land is owned by the university and assessments are imposed on developments locating within the district, the proceeds from which then are used to construct and improve ASU intercollegiate athletic facilities, rather than from state revenues and taxpayers.
Located in the geographic center of metropolitan Phoenix, Novus Innovation Corridor is immediately adjacent to Metro Light Rail and the regional freeway system and less than two miles from Sky Harbor International Airport.
Novus will be a model for sustainable planning and development, and is being planned and developed as mixed-use project that will include university athletic and recreational facilities blended with lifestyle and workplace uses, exemplifying the future of creative urban neighborhood design.
For more information about Novus and its development opportunities, visit NovusASU.com, call (480) 566-9900 or email NovusASU@catellus.com.
About Novus Innovation Corridor
Novus Innovation Corridor (Novus) is a 350-acre, multi-phased development, which at completion will encompass approximately 10 million square feet of urban mixed-use opportunities, including the State Farm Insurance 2.1-million-square-foot regional hub in Marina Heights. Strategically integrated with the Arizona State University campus on Tempe Town Lake, Novus is a partnership with the nation’s “Most Innovative University.” ASU enables companies that locate within Novus to achieve synergies through all the resources a major research university offers, including access to world-class research and a highly educated and skilled workforce. Through a public-private partnership, ASU and master developer Catellus will oversee development of approximately 8 million square feet of additional new development including apartments, offices, retail businesses and hotels within Novus. At completion, Novus will integrate private, sustainable mixed-use development with new and renovated, best-in-class collegiate athletic venues paid. For information, visit NovusASU.com.
About Arizona State University
Arizona State University has developed a new model for the American research university, creating an institution committed to excellence, access and impact. ASU measures itself by those it includes, not by those it excludes. ASU pursues research that contributes to the public good and assumes major responsibility for the economic, social and cultural vitality of the surrounding communities. This “New American University” is a single, unified institution comprising five differentiated campuses, plus the ASU Research Park, SkySong – The ASU Scottsdale Innovation Center, Chandler Innovation Center and the Mayo Clinic Partnership. Its research is inspired by real-world application, blurring the boundaries that traditionally separate academic disciplines. ASU champions intellectual and cultural diversity, and welcomes students from all 50 states and more than 120 nations.
About Catellus Development Corporation
Catellus is a master developer focused on creating some of the most innovative and sustainable mixed-use developments in the nation. Catellus has 30 years of experience transforming former brownfields, military land and airports into developments that include retail, commercial, residential and other public uses. Catellus delivers on all aspects of a project, including site planning, entitlements, public financing and sustainable design. Notable Catellus projects include Prairie Glen in Glenview, Illinois; Alameda Landing in Alameda, California; Los Angeles Air Force Base in El Segundo, California; Mueller Airport in Austin, Texas; and Pacific Commons in Fremont, California. Catellus is uniquely positioned to deliver on the nation’s increased demand for well-planned, mixed-use developments.
About Mortenson
Mortenson is a U.S.-based, top-20 builder, developer and provider of energy and engineering services committed to helping organizations move their strategies forward. Mortenson’s expanding portfolio of integrated services ensures that its customers’ investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers.
Founded in 1954, Mortenson has operations across North America with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, San Antonio, Seattle, Washington, D.C., and in Canada. For additional information, visit www.mortenson.com.
by Peter Madrid | Apr 22, 2019 | News & Updates
PHOENIX, ARIZONA (April 22, 2019) – NAI Horizon represented PVO, LLC (Paul Wong, Principal), the seller, in the $2.2 million investment sale of Paradise Valley Oasis, a 35,790-SF retail strip center located at 13825 and 13831 N. 32nd St., in Phoenix.
NAI Horizon Senior Vice President Lane Neville; Vice President Matt Harper, CCIM; and Associate Logan Crum represented the seller.
“This value-add retail property has a mix of long-standing local tenants that serve the surrounding neighborhood of 32nd Street and Thunderbird in north Phoenix,” Neville said.
Built in 1980, Paradise Valley Oasis sits on 2.65 acres. It is surrounded by high density single family residential and neighborhood retail and office centers.
There are more than 33,000 vehicles per day at the intersection of Thunderbird Road and 32nd Street. Located within a 3-mile radius of Paradise Valley Oasis are more than 125,000 people, averaging approximately $60,000 income per household per year. The property is easily accessible from SR 51.
by Peter Madrid | Apr 22, 2019 | News & Updates
PHOENIX, ARIZ. (April 22, 2019) – Magnum Companies, a Phoenix-based designer, fabricator, and installer of metal components celebrating its 40th anniversary, won three Silver Awards at the 2019 Ernest Wiemann Top Job Competition for outstanding craftsmanship.
The awards are sponsored by the National Ornamental & Miscellaneous Metals Association (NOMMA) and were presented recently at the organization’s 61st annual dinner in Indianapolis. Magnum’s Silver Awards:
- Structures and Miscellaneous: Eddie V’s;
- Unusual Ornamental: Scottsdale Fashion Square;
- Art/Sculpture: COP Odor Control.
“Winning multiple awards for a second straight year is a testament to the quality of our work and the craftsmanship of our employees,” said Magnum Companies CEO Greg Brockman. “Awards are nice, but the real winners are our clients.”
At last year’s NOMMA dinner in Phoenix, Magnum won four gold awards. They included Exterior Railings and Fences (non-forged): Grand Canal, Tempe; Structural Fabrication: Shadow Play, Phoenix; Unusual Ornamentation Fabrication: Alliance Bank, Gilbert; and Art/Sculpture: Moebius/Cloud, Culver City, California.
The competition is named after NOMMA past president Ernest Wiemann and had more than 100 entries from throughout the U.S. and five foreign countries. NOMMA is the trade association of the ornamental and miscellaneous metalworking industry.
Scottsdale Fashion Square earned Magnum Companies a Silver Award in Unusual Ornamental.
Magnum Companies won a NOMMA Silver Award in Art/Sculpture for COP Odor Control.
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About Magnum Companies
The Magnum Companies, based in Phoenix, Arizona, was established in 1979 to provide metal fabrication solutions for our local community. Over the years, Magnum has earned the reputation of problem-solving experts around Arizona and the U.S. With a state-of-the-art 32,000 SF manufacturing plant, we offer services in design, drafting, and 3D imaging that allows us to produce cost-effective solutions in precision sheet metal, welding, fabrication, finishing, and installation. For more information, visit magnumcompanies.net.
About (NOMMA)
NOMMA is the trade association of the ornamental and miscellaneous metalworking industry. Founded in 1958, our members fabricate everything from beautiful railings and driveway gates to structural and industrial products. Whether it’s a backyard garden gate or large commercial railing, our members are ready to turn your concept into a reality. To learn more about NOMMA and the Top Job Competition, visit www.nomma.org.
by Peter Madrid | Apr 18, 2019 | News & Updates
PHOENIX, ARIZONA (APRIL 18, 2019) – NAI Horizon’s success in 2018 was highlighted by national recognition, continued growth and a record $357 million in total transactions.
The firm received the NAI Global President’s Award in recognition of its leadership, teamwork, and performance at the NAI Global’s international convention in Austin, Texas. Terry Martin-Denning, NAI Horizon’s CEO/Designated Broker, was also named to the NAI Global Leadership Board.
These accolades emphasize NAI Horizon’s commitment to continual growth in all facets of the company to best serve existing and future clients.
“I’m proud of our NAI team and the overall achievements of our firm,” Martin-Denning said. “Our recruitment and growth strategies are rooted in our current company culture and intentional focus on our vision for long-term success.”
In 2018 five new agents were hired in the Phoenix office: Joan Krueger, office/Industrial; Lori Kahn, office; Mike Kumelski, retail; Jay Olson, industrial; and Victoria Filice, investment sales. These new hires bring an additional level of experience, market knowledge and skillsets that align with the short and long-range goals of the company.
NAI Horizon’s broker ownership platform allows agents to benefit from both personal achievement and success of the company as a whole while encouraging a collaborative culture. This platform prioritizes broker needs while offering global reach and resources.
The list of 2018 Top Producers reflected the success of the broker ownership platform and the overall positive trends in the Phoenix commercial real estate market with a range of specialties represented: investment sales, industrial, office and retail.
NAI Horizon’s Top Producers of 2018 are (left to right) Denise Nunez, Mark Wilcke, Chris Gerow, Laurel Lewis, Tyler Smith, Matt Harper, Lane Neville, Barbara Lloyd, Gabe Ortega, and Shelby Tworek.
NAI Horizon’s 2018 Top Producers:
- Denise Nunez, Investment Sales (self storage);
- Mark Wilcke, Industrial;
- Chris Gerow, Retail;
- Shelby Tworek, Retail;
- Tyler Smith, Office;
- Laurel Lewis, Office;
- Lane Neville, Investment Sales;
- Barbara Lloyd, Investment Sales;
- Matt Harper, CCIM, Retail;
- Gabe Ortega, Retail.
NAI Horizon 2018 highlights:
- NAI Horizon’s retail team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon negotiated the most transactions by a team. This included long-term leases totaling more than $23 million for Planet Fitness locations throughout the Valley.
- Matt Harper, CCIM, who was recently promoted to Vice President, closed the most transactions by an individual. Harper was also elected secretary/treasurer for the Central Arizona chapter of CCIM.
- Denise Nunez brokered the largest sale, $24.4 million for self-storage properties in California.
- Laurel Lewis recorded the largest lease, $10.6 million at 8300 E. Raintree in Scottsdale.
by Peter Madrid | Apr 17, 2019 | News & Updates
PHOENIX, ARIZONA (April 17, 2019) – NAI Horizon represented the landlord in a long-term lease for a blood plasma collection center at Red Mountain Plaza in Mesa.
NAI Horizon Vice President Matt Harper, CCIM, and Associate Michael Gaida represented Red Mountain Asset Fund I, LLC, of Santa Ana, California, in the long-term lease totaling $1.746 million.
The tenant, Octapharma Plasma, Inc. of Charlotte, N.C., will occupy 14,000 SF at Red Mountain Plaza, 9124 E. Apache Trail in Mesa.
“This end cap is a former Fresh & Easy space and the landlord was extremely pleased with the negotiations and closing of the deal,” Harper said. “Other than a couple of land PAD opportunities, this retail center is 100 percent leased.”
Red Mountain Plaza is located on NEC of the Loop 202 and Apache Trail in Mesa. Major retailers in the center include Burger King, Dollar Tree, Rent-A-Center and O’Reilly Auto Parts.
by Peter Madrid | Apr 8, 2019 | News & Updates
PHOENIX, ARIZ. (April 8, 2019) – We live in a data-driven world. Despite the significant number of quick decisions, we make based on of data on a daily basis, step into most offices today and you’ll discover that decision-making and change are a lengthy process.
Companies are changing the way they are designing their office space as people are working differently. Technology is playing a role in that space utilization.
AZCREW, the leading organization for senior-level executive women in the Metro Phoenix commercial real estate field, will examine workplace strategy at its April luncheon. The event is April 16 at the Phoenix Country Club, 2901 N. 7th St.
April’s speakers:
>> Rae Laser, Smart+Connected consultant for Steelcase. Laser specializes in the space measurement solutions, IOT (Internet of Things), scheduling tools, and collaboration technologies for Steelcase. Rae has been with Steelcase since December 2017 and has 5 years industry experience.
>> Anne Garbayo is leading a Workplace of the Future at APS, designed to transform how the company defines and uses space. Garbayo has a rich and varied career at APS, which includes work on several key initiatives such as helping to establish a customer experience team.
>> Devon Martin is a strategic account manager with Steelcase, where she has worked for more than 11 years. She develops, coordinates and executes an effective workplace strategy to help her clients energize their workplace.
AZCREW’s April lunch begins with networking at 11:30 a.m. The program starts at noon. Member registration is $45; non-member pre-registration is $65. Lunch is included. Registration ends April 11. Register here.
by Peter Madrid | Apr 3, 2019 | News & Updates
PHOENIX, ARIZONA (April 3, 2019) – NAI Horizon’s retail team negotiated a long-term lease totaling $2 million on behalf of the tenant as Zipps Sports Grill joins the lineup of new businesses at iconic Park Central, which is undergoing major redevelopment in Midtown Phoenix.
The NAI Horizon Retail Properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon represented Zipps Park Central LLC of Scottsdale, Arizona.
Zipps, a popular restaurant and sports viewing venue across the Valley, will occupy 6,506 SF at Park Central, which totals 450,000 SF. It will join other eateries including Starbucks, First Watch, Jamba Juice, Fired Pie, Jimmy Johns, Pita Bistro, Kobalt Bar and Thai Basil at Park Central, 3110 N. Central Ave.
“The opportunity at Park Central represented a once-in-a-lifetime opportunity for Zipps to enter the downtown market,” Gerow said. “With a new student population from Creighton University and new residents filling the proposed apartments, it will serve as their local place to grab a bite to eat, watch a game or two and enjoy a beverage. It will be an ideal eatery to serve a new client base in Midtown Phoenix.”
One of the Valley’s original shopping destinations, Park Central Mall opened in 1957 and became the center of activity along Central Avenue. It has undergone a substantial facelift with nearly $60 million invested. All its original buildings still stand, and most have only cosmetic changes.
They are being repurposed into modern office and retail space. The mid-century-modern style of the past is evident in buildings that were constructed with some extraordinary architectural touches. All of these features will be at the center of the revitalized property.
The former low-rise mall is about to sprout a tower to house Creighton University’s $150 million medical school, a nine-story apartment building, new parking structure, an arts center to house 400, and outdoor shaded meeting spaces.
Plans also call for a 278-unit apartment complex that had been a parking lot. The owners of Park Central are also working with a potential developer to build a 200-room hotel on the premises. The phase will also include redevelopment of a 193,000 SF former department store into office and retail space.
To replace the parking lot, a community facilities district has been established to build a parking garage, which is scheduled to be completed in the third quarter of 2020.
Brent Mallonee of Cushman & Wakefield represented the landlord, HPPC, LLC of Peoria, Arizona.
by Peter Madrid | Apr 2, 2019 | News & Updates
PHOENIX (April 1, 2019) – Commercial real estate’s leading annual awards celebration, the Best of NAIOP, took place on March 28 at the Arizona Biltmore. Nearly 1,000 industry professionals gathered to celebrate the many successes that helped make Metro Phoenix one of the most exciting markets in the country.
The Arizona Chapter of NAIOP gave out awards in 29 categories. Sharon Harper, whose development expertise and leadership have influenced the Valley’s commercial real estate and business communities, was honored with the Award of Excellence.
Harper, President, CEO, and co-founder of The Plaza Companies, is the first woman to win NAIOP Arizona’s Award of Excellence. Park Central, a Plaza Companies project under development in Midtown Phoenix, was selected as Transaction of the Year and named Talk of the Town.
NAIOP Arizona’s Award of Excellence is awarded by the Arizona Chapter Board of Directors on an annual basis at the Best of NAIOP event. The criteria for the recipient are an individual who has made a significant, positive impact on the office and industrial commercial real estate market in Arizona over a period of no less than 15 years, as well as their direct volunteer contribution to the chapter.
Butler Design Group kept its win streak alive, bringing home its seventh straight Architect of the Year award. Other company winners were CBRE, Brokerage Firm of the Year; Ryan Companies US, Inc., Firm of the Year;
Willmeng Construction, Inc.: General Contractor of the Year; Phoenix Design One, Inc., Interior Architect of the Year; and Lincoln Property Company, Owner/Developer of the Year.
In the brokerage awards, CBRE captured six of the nine honors, including Developing Leader, Healthcare, Investment, Office, Rookie, and Tenant Rep brokers of the year.
2018 Best of NAIOP winners:
Sharon Harper, Plaza Companies: Award of Excellence
Butler Design Group: Architect of the Year
CBRE: Brokerage Firm of the Year
Ryan Companies US, Inc.: Firm of the Year
Willmeng Construction, Inc.: General Contractor of the Year
Phoenix Design One, Inc.: Interior Architect of the Year
Lincoln Property Company: Owner/Developer of the Year
Willmeng Construction, Inc.: Tenant Improvement Contractor of the Year
Cooper Fratt, CBRE: Developing Leader of the Year
Phil Haenel, Cushman & Wakefield: Emerging Broker of the Year
Vince Femiano and Kate Morris, CBRE: Healthcare Broker of the Year
Mike Haenel, Andy Markham, Will Strong, Cushman & Wakefield: Industrial Broker of the Year
Barry Gabel, CBRE: Investment Broker of the Year
Kevin Calihan and Bryan Taute, CBRE: Office Broker of the Year
Dave Cheatham and Darren Pitts, Velocity Retail Group, LLC:
Retail Broker of the Year
Luke Krison, CBRE: Rookie Broker of the Year
Chuck Nixon, CBRE: Tenant Representative Broker of the Year
Ball Goodyear Plant: Industrial Build-to-Suit Project of the Year
Goodyear Crossing One-Blue Buffalo: Industrial TI of the Year
Estrella Medical Plaza II: Medical Office Project of the Year
Chandler Viridian: Mixed-Use Project of the Year
McKesson – Building I & II: Office Build-to-Suit of the Year
JDA Software Customer Experience Center: Office Tenant Improvement of the Year (Less than 50,000 SF)
Quicken Loans: Office Tenant Improvement of the Year (50,000 SF or more)
Consumer Cellular at Deer Valley: Redevelopment Project of the Year
The Crossing at Sahuarita: Retail Project of the Year
Goodyear Crossing One-Blue Buffalo: Spec Industrial Project of the Year
The Offices at Chandler Viridian: Spec Office Project of the Year
Liberty Center at Rio Salado IV: Sustainable Project of the Year
Park Central: Transaction of the Year
Trademark Visual, Inc.: Official Sign Sponsor of the Year
Park Central: Talk of the Town
by Peter Madrid | Mar 27, 2019 | News & Updates
PHOENIX, ARIZONA (March 27, 2019) – Three office sales in the Valley totaling approximately $2.4 million – two in Phoenix and one in Surprise – highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Troy Giammarco, Tyler Smith and Joe Pequeno negotiated the sale of an office property, representing the seller, Pisa Properties Sixteenth, LLC, for $1.475 million. The property is located at 5829 N. 7th St., Phoenix, AZ. Ortega Ault with Colliers International represented the buyer, Avalon Bethany, LLC.
Tyler Smith, Joe Pequeno and Troy Giammarco negotiated the sale of an office property, representing the buyer, Kevin O’Coner, for $505,115. The property is located at 4737 E. Cholla St., Phoenix, AZ. Michael Waxman with Levrose Commercial Real Estate represented the seller, Cholla Estates, LLC.
Tyler Smith negotiated the sale of an office property, representing the seller, WAM Surprise Limited Partnership, for $411,432. The property is located at 12647 W. Smokey Drive, Surprise, AZ. Rich Andrus with the Menlo Group represented the buyer, RBPSMILE Enterprises, LLC.
Troy Giammarco and Mark Wilcke negotiated the sale of a property, representing the seller, Peoria Commercial Holdings, LLC, for $360,000. The property is located at 10708 N. 96th Ave., Peoria, AZ. The buyer, Serving God by Serving Others, represented itself.
Michael Gaida negotiated the sale of a 110-year-old specialty machining business, representing the seller, Valley Machine Works. The business is located at 701 W. Jackson St., Phoenix, AZ. Ian Turner with Sperry Commercial Global Affiliates represented the buyer, Tyler and Tricia Williams.
Matt Harper, CCIM, negotiated the sale of a land parcel, representing the seller, Mohammed Ali, for $240,000. The property is located at the SWC of 67th Avenue and Montebello Avenue. The buyer, SWC 67th Avenue & Montebello, represented itself.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Peddlers Mall, LLC, in a 63-month retail lease for 14,000 SF at 185 W. Apache Trail, Apache Junction, AZ. Brian Gausden with Western Retail Advisors represented the landlord, SimonCRE Lodgepole, LLC.
Matt Harper, CCIM, represented the landlord, GGR Holdings, Inc., in a 126-month retail lease for 2,841 SF at 4024 E. Guadalupe Road, Gilbert, AZ. Mark Haslip with the Menlo Group represented the tenant, Cattron’s DMD, PLLC.
Jeff Adams represented the tenant, Big City Insulation, Inc., in a 36-month industrial lease for 19,846 SF at 2316-2328 W. Huntington Drive, Tempe, AZ. Matt McDougall & Chris McClurg with Lee & Associates represented the landlord, Highland Associates, LLC.
Laurel Lewis represented the tenant, Adopt Technologies, in a 38-month office lease for 4,605 SF at 7500 N. Dreamy Draw Drive, Phoenix, AZ. Greg McMillian with Cushman & Wakefield represented the landlord, BH Squaw Peak, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Philly’s on Elliot, LLC, in a 63-month retail lease for 3,300 SF at 1805 E. Elliot Road, Tempe, AZ. The landlord, Pollack Royal Palm Plaza, LLC, represented itself.
Tom Bean, CCIM, and Jay Mininberg, J.D. represented the landlord, Tempe CC, LLC, in a 48-month office lease for 3,333 SF at 4515 S. McClintock Drive, Tempe, AZ. Dominic Perry with Avison Young represented the tenant, GoTechNow.com, LLC.
Matt Harper, CCIM, represented the landlord, The Shops at Phoenix, LLC, in a 64-month retail lease for 1,490 SF at 6170 S. 51st Ave., Laveen, AZ. Bryan Mortenson with LRA represented the tenant, Arizona Foot and Ankle Medical Center, LLC.
Matt Harper, CCIM, represented the landlord, the Chahoud Family Trust, in a 60-month retail lease for 1,436 SF at 2829 E. University Drive, Mesa, AZ. The tenant, Misty Virgil, represented itself.
Barbara Lloyd and Tom Bean, CCIM, represented the landlord, Tempe CC, LLC, in a 36-month office lease for 1,142 SF at 4515 S. McClintock Drive, Tempe, AZ. The tenant, AmeriLife of Arizona, LLC, represented itself.
Matt Harper, CCIM, represented the landlord, Robert & Arlene Thatcher, in a 39-month retail lease for 1,550 SF at 4740 W. Glendale Ave., Glendale, AZ. Erin Schrauth with Strategic Retail Group represented the tenant, Boost Mobile.
Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 60-month retail lease for 1,040 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Regal Laundries & Management, LLC, represented itself.
Dylan Whitwer and Logan Crum represented the tenant, Wall Agency, Farmers Insurance, in a 36-month office lease for 833 SF at 12600 N. 113th Ave., Youngtown, AZ. Scot Hall with Wolf Realty, Inc. represented the landlord, GEM Capital Management, LLC.
Matt Harper, CCIM, represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 1,000 SF at 1241 E. Broadway Road, Mesa, AZ. The tenant, Escuela de Musica Jireh, LLC, represented itself.
