News & Updates

NAI Horizon facilitates long-term lease to bring Cornish Pasty Co. to historic Glendale building

News & Updates

by Peter Madrid | Dec 5, 2023 | News & Updates

PHOENIX, ARIZONA (Dec. 5, 2023) – A popular British-themed Valley restaurant and pub is joining an exciting lineup of establishments at the historic Gaslight Building in Downtown Glendale.

NAI Horizon Managing Director | Retail, Matt Harper, CCIM, represented the landlord in a long-term lease for the Valley’s eighth location of Cornish Pasty Co., at 5747-5751 W. Glendale Ave., in Downtown Glendale. Cornish Pasty will take 3,510 SF.

Cornish Pasty joins Simple Machine Brewing at the Gaslight Building. Last year Harper also represented the landlord in the retail lease for Simple Machine Brewing.

“We are excited to reach full occupancy on our commercial storefronts at this great location with these great local concepts,” Harper said. “Their vibrancy and collaborative co-tenancy will be a destination for visitors to Downtown Glendale and the surrounding West Valley for years to come.”

Cornish Pasty’s other Valley locations include Tempe, North Phoenix, Downtown Phoenix, Mesa, and Scottsdale. It also has locations in Jerome, Flagstaff, and Boulder City and Las Vegas, Nevada.

The establishment is famous for its namesake pasties, a savory hand pie that originates from Cornwall, England. It will also feature a pub that will offer craft and imported beers. The Glendale location is scheduled to open in spring 2024.

“We are excited to be part of the Downtown Glendale community and look forward to sharing our passion for pasties and a good brew with you all,” said Dean Thomas, owner of Cornish Pasty. “Our menu will feature over 40 different pasty creations, all made from scratch along with homemade soups, desserts, salads, and unique appetizers. All set in a non-pretentious British pub atmosphere.”

Downtown Glendale attracts more than 1.6 million yearly visitors with its more than 150 unique and independently owned shops, boutiques, restaurants, and services. The Gaslight Building is centrally located in the heart of Downtown Glendale, adjacent to the $70 million renovation of Glendale City Hall, Murphy Park, and outdoor concert venue.

“Bringing the Cornish Pasty brand to downtown Glendale marks another exciting phase in our community’s growth,” said Daniel Sabillon, Deputy Director over Downtown Redevelopment. “This new addition serves as a catalyst for the continued revitalization of the downtown area, attracting locals and visitors alike.”

Cornish Pasty was represented by Richard Lewis with SVN.

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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional 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 Dec 05, 2023

NAIOP Arizona’s 2024 policy agenda takes on major issues including water, air quality, housing

News & Updates

by Peter Madrid | Nov 29, 2023 | News & Updates

PHOENIX, ARIZ. (November 29, 2023) – NAIOP Arizona, the state’s leading commercial real estate association, today released its 2024 public policy agenda with a focus on issues that will determine the region’s ability to continue attracting investment, tenants, and new businesses to our market.

These challenges include water supply, transportation infrastructure, air quality, and housing.

NAIOP is committed to proactively engaging with policymakers on measures and policy decisions that affect business attraction, economic growth, and the broader commercial real estate development industry. NAIOP’s policy agenda aims to find solutions to pressing issues and drive meaningful improvements to Arizona’s policy landscape.

“Arizona is at a pivotal moment. The policy decisions of today will have long-lasting impacts on the state’s future,” said NAIOP Director of Government Relations John Baumer. “Our goal is to ensure the commercial real estate industry and its economic impacts are understood, and our perspectives are incorporated into resulting policy solutions. We aim to be a trusted resource to policymakers at all levels to maintain Arizona’s position as an attractive environment for business and investment.”

Misleading national headlines muddy Arizona’s longstanding track record as a leader in water management and have real repercussions on development and business attraction. NAIOP will collaborate with government entities and stakeholders to ensure continued growth and development while identifying innovative solutions to secure Arizona’s current and future water needs.

NAIOP will also work to ensure members’ expertise is incorporated into proposed water management solutions and reflective of the complexities of commercial development.

In the 2023 legislative session, lawmakers authorized Maricopa County to call for an election to extend the vitally important half-cent sales tax that funds transportation infrastructure. NAIOP Arizona is a proud member of the Connect-Maricopa campaign executive committee and is fully committed to supporting the passage of Prop. 479 in November 2024. Transportation infrastructure is crucial to Arizona’s continued success, and emergence as a Tier 1 city.

With impending federal action on air quality standards, NAIOP Arizona will support policies and initiatives that meaningfully improve air quality without needlessly hampering economic growth. NAIOP will partner with regulators, stakeholders, and the broader business community to identify ways to come into compliance with National Ambient Air Quality Standards (NAAQS) and support efforts to modernize and improve the Clean Air Act.

Addressing Arizona’s housing shortage is a priority for NAIOP. Statewide, employers and residents struggle with low supply in the face of continued migration to Arizona. NAIOP is committed to working with local governments to find innovative solutions that allow for continued multifamily development.

A major challenge to multifamily development is the misconceptions associated with NIMBY-ism and the opposition to higher-density zoning. NAIOP, local governments, and community organizations must work collaboratively to combat these misguided perceptions and advocate for a robust and well-rounded housing supply in Arizona.

“Having John as our first ever, full-time Director of Government Relations enables us to step on the gas at the exact moment when the CRE industry most needs enhanced representation at the state capitol and with local governments,” said Suzanne Kinney, President and CEO of NAIOP Arizona. “The policies enacted over the next one to three years will impact our industry’s trajectory and our market’s competitiveness well into the future.”

NAIOP Arizona looks forward to working collaboratively with legislators, local elected officials, business stakeholders, and community partners to find common ground on these important policy issues and implement creative solutions that make Arizona a great state to work, live, and recreate.

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, multifamily and mixed-use real estate. The Arizona Chapter represents over 1,000 members and is among the largest in the 50+ network.

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by Peter Madrid Nov 29, 2023

Mazzon Industries reaches uncharted milestone of acquiring + 10 million SF of commercial real estate asset service contracts within 10 months

News & Updates

by Peter Madrid | Nov 29, 2023 | News & Updates

SCOTTSDALE, ARIZONA (Nov. 29, 2023) – One of the hardest parts of playing chess is predicting your opponent’s next move. For the past 10 months, many in the market are still trying to figure out Daniel Mazzon’s first move.

If the competition continues to make the same move time and time again, it’s simple to develop a strategy to not only win, but no longer make them an opponent.

“Maybe, while they are lost in the fog making the status quo move, you could change the game so the next time they step to the table, they won’t know how to play. I’m not here to hand out the best cookies. I’m here to deliver building ownership and management the solutions to save time, increase occupancy, and produce a cash flow operation,” Mazzon said.

Since founding Mazzon Industries in late January, Mazzon has acquired more than 10 million square feet of service contracts at commercial real estate assets across the Valley. This has vaulted him as the No. 1 producer of vendor contract sales in Arizona.

The Mazzon Industries portfolio currently comprises 40 percent office, 35 percent industrial, and 25 percent retail properties. The question the market and his competitors keep asking is, “What exactly does he do and how does he do it?”

Buoyed by his acquisitions, Mazzon has become a force in business development among commercial real estate service providers. Mazzon is the sales representative for Restoration HQ, ACE Building Maintenance, Elevate Parking, Next Protection, and Starkweather Roofing. By representing five premier brands, Mazzon is responsible for growing each client across Arizona to help their clients.

With the number of clients Mazzon serves, many sales reps would ask how one person sells for five of the top brands in the market when most reps fail at selling for one.

“Most reps sell a service. I offer a system,” Mazzon said. “My competitors in each industry go to one building and sell one thing. I go to one lunch and offer five solutions based on their needs. In one week, they booked five meetings and I booked 50. I’m not a one-stop shop or a jack of all trades as my clients are the experts.

“On both ends of this business, companies are concerned about retaining talent. I don’t plan on leaving soon, so the fear of loss goes out the window,” Mazzon said.

This year Restoration HQ has grown by 10 percent; Ace Janitorial had the best Q4 in sales being a privately owned janitorial company in Arizona; Elevate Parking has taken the throne as the largest commercial managed parking provider in Arizona; Next Protection is No. 1 in Ranking Arizona among fire protection firms in Arizona; and with Starkweather Roofing as the newest client of Mazzon Industries, 2024 is shaping up to its best year yet.

“I’m grateful for each one of my clients,” Mazzon said. “They all have one expectation level – and the expectation level is high. It’s the same they require from their staff to implement exceptional service for their clients.”

What’s Mazzon’s next move?

“Something bigger than what has already been done. It’s about to happen,” he said.

For more information, contact Mazzon at daniel@mazzonindustries.com

by Peter Madrid Nov 29, 2023

NAI Horizon brokers sale of 4.7 acres in Goodyear community of Estrella for new Rio Mirage Café

News & Updates

by Peter Madrid | Nov 28, 2023 | News & Updates

PHOENIX, ARIZONA (November 28, 2023) – NAI Horizon facilitated the sale of 4.72 acres of retail land in Goodyear, Arizona. This prime pad site is located at the southeast corner of Estrella Parkway and Elliot Road, the main entry intersection of the master-planned community of Estrella.

NAI Horizon Executive Vice President Lane Neville and Associate Cole Neville represented the seller, Kitchell Development (Marketplace Square at Estrella, LLC) in the $2.3 million land sale.

The buyer was Rachel and Alex Gomez (Estrella Mountain Lago, LLC), the owners of Rio Mirage Café. The buyers plan to build the third Rio Mirage Café in the Valley. The other two locations are Surprise and El Mirage. Rio Mirage Café has been in business since 1999, specializing in Sonoran-style recipes handed down for generations.

“On behalf of our owner, it truly has been a pleasure working with Rachel and Alex Gomez on their dream to build a third restaurant location in the Valley,” Lane Neville said. “To be a small part of making their vision possible in Estrella has been very rewarding.”

Home to 8,000 households, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella features more than 500 acres of parks and open space including more than 50 miles of paths and trails; 72 acres of lakes for kayaking, sailing, and catch-and-release fishing; and the Starpointe and Presidio Residents Clubs.

“As owner of the Marketplace Square, the Safeway-anchored retail center across the street, we are thrilled to have been part of bringing Rio Mirage Café to Estrella,” said Rob Schramm, President of Kitchell Development. “The community residents are in for a real treat; the Gomez’ are exceptional restaurant operators and the atmosphere and quality of food and service they create will generate strong community patronage.”

Added buyer principal Rachel Gomez: “Our reception in the Estrella community has been overwhelmingly positive and supportive. Our selected restaurant location has amazing exposure at the entry of Estrella. The panoramic views overlooking the community’s North Lake, area mountains, and the Starpointe Residents’ Club will create a special dining atmosphere that all will enjoy. We are very excited to expand our family’s restaurant business with this outstanding third location in Estrella.”

For additional information on other commercial and retail land sale opportunities, contact Lane Neville at lane.neville@naihorizon.com.

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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional 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 28, 2023

Harvard Investments names new Division Controller; Estrella Development hires new Director of Planning, Financial Analyst

News & Updates

by Peter Madrid | Nov 28, 2023 | News & Updates

SCOTTSDALE, ARIZONA (Nov. 28, 2023) – Harvard Investments continues its strategic growth by hiring a Division Controller; and a Director of Planning and Financial Analyst for Estrella Development Company.

Jennifer Meyers joins Estrella Development as Director of Planning after 26 years as a land planning consultant, most recently serving as a Principal at Norris Design. Branden Lamb joins Estrella Development as a Financial Analyst from New Home Co., where he was a Division Coordinator.

Melissa Ely, CPA, CGMA, CTP, brings 20 years of industry accounting experience, joining Harvard Investments as Division Controller.

Jennifer Meyers will oversee all planning, design, and entitlements of future development within the master-planned community of Estrella in Goodyear, Arizona.

Prior to joining Estrella, her duties at Norris Design included design and entitlements for a wide variety of project types including master-planned communities, multi-family residential, industrial, build-to-rent, and commercial.

A native of Palo Alto, California, Meyers earned a bachelor of science degree in landscape architecture from Arizona State University. Meyers is involved with the industry development group Valley Partnership.

Branden Lamb is responsible for assisting in the construction and analysis of business plans, budgets, forecasts, and tracking and reporting financial metrics for Estrella Development. At New Home Co., he supported the Director of Financial Planning and Analysis in reviewing quarterly and annual forecasts, preparing gross margin variance analysis comments, and managing the general and administrative budget.

A native of Phoenix, Lamb earned a bachelor of science degree in finance from ASU. He holds an Arizona real estate salesperson license. He volunteers with Phoenix Pride and Trees Matter.

As Division Controller, Melissa Ely will oversee land development accounting for Harvard Investments. She joins the firm from Shelter Asset Management, where she served as Construction Controller. She worked for RED Development as Director of Project Accounting and DMB Associates as Accounting Manager.

A native of Southern California, Ely moved to Arizona when she was in junior high school. She earned a bachelor of science degree in finance from ASU. She is a member of AZCREW and the American Institute of Certified Public Accountants (AICAP).

Ely gives back to the community as a member of 100+ Women Who Care Valley of the Sun, a philanthropic group of women who donate locally and connect personally to benefit Arizona charities.

About Harvard Investments

Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the western United States. Harvard combines experience, integrity, and financial stability to create high-quality, environmentally sensitive, profitable communities including both large-scale master-planned communities and build-to-rent neighborhoods. Harvard’s Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies celebrated its 120th year of continuous family ownership and operation in 2023. To learn more visit harvardinvestments.com.

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by Peter Madrid Nov 28, 2023

Sara Yehia of Kenzy Architects honored with AIA10 Award at AIA Arizona Awards Gala

News & Updates

by Peter Madrid | Nov 19, 2023 | News & Updates

SCOTTSDALE, ARIZ. (Nov. 20, 2023) – Sara Yehia, AIA, Architect | Founding Principal of Kenzy Architects, was one of two local architects honored with the prestigious AIA10 Award recently at the AIA Arizona Awards Gala at the Phoenix Art Museum.

The AIA10 Award is given to architects who have been licensed for less than 10 years and recognizes individuals for exceptional leadership in the professional community and built environment through service to the community and the AIA as well as through the quality of work performed professionally.

Yehia, LEED AP GA NCARB, is serving her second year as the AIA10 state director and AIA state board member.

“The jury was impressed that Sara has shown a major commitment to service to the community, to the AIA, and the architecture profession while starting her practice just five years ago,” said Jury Chair Nader Tehrani. “Sara has been the AIA10 representative on the AIA Arizona board of directors for the past two years and also has been a mentor to students and emerging professionals.”

Yehia is the Founding Principal and sole owner of Kenzy Architects, an architecture and interior design firm she established in 2018. She has been practicing architecture since 2004 and has designed more than 1 million square feet of buildings. Yehia leads a team to create designs that are both creative and highly technical.

Kenzy Architects prioritizes a client-centric approach, placing a strong emphasis on understanding and fulfilling the unique visions of its clients. Inspiration is derived from the distinct goals and aspirations of each client and is dedicated to translating these visions into tangible reality. Kenzy Architects provides architecture and interior design services for ground-up, remodel, and tenant improvement.

Areas of expertise are office, medical office, retail, restaurants, adaptive reuse, industrial and multi-family.

Yehia is active in the Valley’s architectural community and engages with industry organizations. She serves on various boards and committees and actively participates in programs and events. Yehia has served on the boards of ULI Arizona and AIA Arizona. She is also involved with NCARB, NAIOP, and NOMA.

Away from the office Yehia enjoys hiking, dancing, and traveling.

More than 25 projects by Arizona architects were honored at the Gala. Winners were also announced for the Associates Award, Firm of the Year, Design Pedagogy of the Year, and Educator of the Year.

To learn more about Kenzy Architects visit kenzyarchitects.com.

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by Peter Madrid Nov 19, 2023

Greater Phoenix Chapter of IFMA selects Child Crisis Arizona as its 2023 holiday party beneficiary

News & Updates

by Peter Madrid | Nov 16, 2023 | News & Updates

TEMPE, ARIZ. (Nov. 16, 2023) ‒ The Greater Phoenix Chapter of IFMA has selected Child Crisis Arizona as the beneficiary of its annual holiday party, this year a “Casino Night,” on Dec. 14 at the Arizona Biltmore. The event sponsor is TEPCON Construction.

This year’s holiday party theme is Casino Night. The Phoenix IFMA chapter and TEPCON will bring the glitz and glamour of a casino to its holiday celebration. The party will feature table games and delicious food. Casino “winnings” will be in the form of raffle tickets for chances to win prizes.

The party is from 5 p.m. to 9 p.m. at the Arizona Biltmore, 2400 E. Missouri, in Phoenix.

Child Crisis Arizona has helped the community’s most vulnerable children, youth, and families for nearly five decades. In times of crisis, it is there to help. When no crisis threatens, it is there to strengthen families, build resiliency, and prevent crisis situations.

“TEPCON is honored to sponsor the IFMA holiday party, where joy and generosity connect to make a meaningful impact,” said TEPCON Vice President of Client Relations Tiffany Pennington. “With proceeds dedicated to supporting Child Crisis Arizona, we celebrate not only the spirit of the season but also the difference we can collectively make in the lives of those who need it most.”

For those who can’t attend the event, there is still the opportunity to make a purchase from the Child Crisis Arizona Amazon Wish List. People can select either the Holiday Wish List or the Regular Wish List. Purchase an item (or many) from their list and select the Child Crisis Arizona’s Gift Registry Address as the shipping address. After selecting the address, input “Greater Phoenix IFMA” in the “From” field of the gift options section.

Sponsorship packages are still available by contacting Kathleen Severson at info@ifmaphoenix.org. Please visit here for ticket prices and registration.

About IFMA

Founded in 1980, IFMA is the world’s largest and most widely recognized international association for facility management professionals, supporting more than 24,000 members in 105 countries. The association’s members, represented in 134 chapters and 17 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services. IFMA certifies facility managers, conducts research, provides educational programs and produces World Workplace, the world’s largest facility management conference and exposition.

The Greater Phoenix Chapter of IFMA, formed in 1985, is one of the top association chapters in the world and winner of IFMA’s Large Chapter of the Year in 2012. It is dedicated to continuous improvement of the facility management profession by providing relevant educational and networking opportunities for its membership while supporting the community as a whole. For more information about the Phoenix chapter ifmaphoenix.org.

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by Peter Madrid Nov 16, 2023

NAI Horizon announces addition of retail specialist Lance Sherwood as Senior Associate

News & Updates

by Peter Madrid | Nov 16, 2023 | News & Updates

PHOENIX, ARIZONA (Nov. 16, 2023) – NAI Horizon is pleased to announce the addition of retail specialist Lance Sherwood, LEED AP B+C, as a Senior Associate.

Sherwood holds the designation of LEED AP BD+C from the U.S. Green Building Council. He holds real estate licenses in Arizona and Montana and is a member of ICSC.

Sherwood specializes in retail and retail land opportunities in both Arizona and Montana. He will work with developers, investors, and tenants in the purchase, sale, or lease of land, shopping centers, and retail spaces.

“We are excited to have Lance join our team,” said NAI Horizon CEO/Designated Broker, Terry Martin-Denning. “His unique background gives him a skillset that brings tremendous value to our clients.”

Sherwood brings a diverse background with 30 years of experience, starting in architecture, moving into development with Weingarten Realty, and then as a commercial real estate agent with Willis Property Company. For six years, he represented clients in the purchase, lease, and sale of real estate in the education, land, and commercial sectors.

Before his career in real estate brokerage, Sherwood worked for eleven years as a Senior Development Manager of the Western Region for a national retail REIT. He started his career working for various architecture firms, completing projects across the U.S. and internationally.

Sherwood holds a bachelor’s degree in architecture from the University of Wisconsin-Milwaukee. He is a civilian co-chair of the Daisy Mountain Veterans Parade and co-chair of the Goldwater Institute Real Estate Gifts Committee. A native of Green Bay, Wisconsin, Sherwood enjoys traveling, cooking, hiking, and supporting local events.

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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional 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 16, 2023

Phoenix West Commercial Vice President | Principal ELi Mastracci named an Emerging Leader finalist at WESTMARC’s Best of the West

News & Updates

by Peter Madrid | Nov 15, 2023 | News & Updates

GOODYEAR, ARIZ. (Nov. 15, 2023) – Phoenix West Commercial Vice President | Principal ELi Mastracci, CCIM, was one of four finalists for Emerging Leader of the Year at WESTMARC’s Best of the West awards gala recently at Desert Diamond Arena in Glendale.

WESTMARC’s Best of the West Awards has been the signature event of the West Valley for more than 30 years. The event is designed to celebrate the best of Western Maricopa County and recognize outstanding contributions to the quality of life, education, workforce development, economic development, and innovation in the West Valley.

“Growing up in Litchfield Park and Waddell, the West Valley has always been my home, and I have such a privilege – through what I do – to help shape and grow this amazing community,” Mastracci said. “I’m honored to be recognized along with three of my peers as a finalist for Emerging Leader of the Year.”

Mastracci specializes in corporate office leasing, acquisition, and disposition. He is on the Central Arizona CCIM chapter Board of Directors. Mastracci has completed lease and sale transactions in Arizona with clients in-state and from New York, California, Oregon, and Texas. Internationally, he has completed transactions with and represented clients from Canada, Mexico, and India. Mastracci has completed more than $24 million in leasing transactions and more than $4 million in sales transactions.

Young talent attraction and retention have been an ongoing dialogue for several years. As the West Valley continues to grow, WESTMARC is keenly aware of the importance of illustrating the diverse, skilled, and talented workforce that it has for business attraction and economic development. WESTMARC actively works to identify ways to engage young professionals in regional strategy, planning, and problem-solving, providing a platform for engagement, and strengthening community involvement.

In 2019, WESTMARC partnered with the Center for the Future of Arizona, to engage in the Young Talent “listening tour” to be sure that West Valley voices were included in the process of gathering insight into their values, goals, and priorities. The insights gained from these statewide dialogues created the foundation of the Center for the Future of Arizona.

The Emerging Leaders program provides a regional mechanism to identify and spotlight emerging leaders that are impacting one or more of the key areas included in the West Valley Quality of Life Wheel including arts and culture, civic engagement, economic opportunity, education, environment, healthcare, health and fitness, public safety, quality housing, sports and entertainment, and transportation.

About Phoenix West Commercial

Phoenix West Commercial, LLC is a commercial real estate brokerage located in Goodyear, Arizona. We have access to local, national, international deals, clients and properties. Phoenix West Commercial agents have true respect and encourage the communities’ evolution. Since 2012, our team has produced highly successful transactions. We serve and provide professional, commercial real estate services throughout Arizona and the U.S. We’ve helped customers in various industries and scenarios from banking, retail, medical, industrial, government, and land sales for developers, investors, landlords and tenants. For more information visit phxwc.com.

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by Peter Madrid Nov 15, 2023

Retail, land sales totaling more than $13M highlight recent deals by NAI Horizon brokers

News & Updates

by Peter Madrid | Nov 14, 2023 | News & Updates

PHOENIX, ARIZONA (Nov. 14, 2023) – Four retail buildings and two parcels of land totaling more than $13 million highlight recent sales by NAI Horizon professionals. The retail building sales totaled $5.33 million; the parcels of land totaled $7.9 million.

Sales Transactions:

Lane Neville and Cole Neville negotiated the sale of 643.44 acres for $7.07 million, representing the seller, Flying E Ranch Holding, LLC. The property is located west of Vulture Mine Road near Wickenburg, AZ. The buyer, Michael C. Emond and Kathryn K. Emond, Trustees of the Emond Family Revocable Trust dated October 26, 2016, were self-represented.

Jeff Adams and Maria Herman (NAI Las Vegas) negotiated the sale of an 800 SF freestanding pad retail building (occupied by a New Construction Corp. Ground Lease Salad and Go) for $1.75 million, representing the buyer, Sepmar, LLC. The property is located at 4925 Blue Diamond Road, Las Vegas, NV. The seller, Blue Diamond Decatur Plaza, LLC, was represented by Deana Marcello with Colliers.

Rick Foss negotiated the sale of a 5,000 SF retail building for $1.3 million, representing the seller, Old Southern, LLC. The property is located at 5814 S. 25^th St., Phoenix, AZ. The buyer, Park Thomas was represented by Sean Lieb with LevRose.

Michael Gaida negotiated the sale of a 7,902 SF retail building for $1.2 million, representing the seller, Believe Body, LLC. The property is located at 3454 E. Southern Ave., Mesa, AZ. The buyer, Sewa S. Dhanjal & Sukhvinder K. Dhanjal, were represented by Mark Rein with Rein & Grossoehme.

Joe Pequeno and Troy Giammarco negotiated the sale of a 5,416 SF retail building for $1.08 million, representing the buyer, 2386 Alma, LLC. The property is located at 2386 N. Alma School Road, Chandler, AZ. The sellers, Qi Chen and Fang Ye, were self-represented.

Thomas Smith negotiated the sale of 4.567 acres for $850,000 representing the seller, Spiritual Assembly of the Bahais of Scottsdale. The property is located at 10575 N. 130^th St., Scottsdale, AZ. The buyer, Watermark Companies, LLC, and or Nominee was represented by Moe Hegazy with Hegazy Realty.

Lease Transactions:

Laurel Lewis and Dylan Whitwer represented the tenant, Exhibitus, Inc., in a 62-month industrial lease for 42,510 SF at a13250 W. Cactus Road, Surprise, AZ. The landlord, Cactus Mac 1, LLC, was represented by Rob Martenson and Sam Jones with Colliers.

Dylan Whitwer and Don Morrow represented the tenant, Preferred Home Care, in a 60-month industrial lease for 17,260 SF at 2155 N. Forbes Blvd., Tucson, AZ. The landlord, Preferred Home Care, was represented by Tara Kernen with Cushman & Wakefield (PICOR).

Dylan Whitwer, Laurel Lewis, Don Morrow and Thomas Bean, CCIM, represented both the landlord, Tempe CC, LLC and tenant, BehaviorCare AZ, LLC, in a 73-month office lease for 5,913 SF at 4515 S. McClintock Dr., Tempe, AZ.

Mark Wilcke and Michael Gaida represented the tenant, Sports and Fitness Exchange Legacy, LLC, in a 32-month industrial lease for 21,300 SF at 5609 W. Latham St., Phoenix, AZ. The landlord, Grillnetics Outdoor Kitchen Manufacturers, was represented by Gary Anderson with Cushman & Wakefield.

Isy Sonabend and Drew Eisen represented the landlord, MasTec Network Solutions, LLC, in a 19-month industrial sub-lease for 20,582 SF at 330 E. Germann Road, Gilbert, AZ. The tenant, SemiTorr Group, LLC, was represented by Mike Parker with CBRE.

Lane Neville and Cole Neville represented the landlord, Chandler Medical Property Company, LLC, in an 84 month office lease for 2,197 SF at 655 S. Dobson Road, Chandler, AZ. The tenant, Xavier Heart Institute, PLLC, was represented by Karl Frye with Frye Practice Sales Healthcare Real Estate.

Joan Krueger represented the tenant, Crown Fiber Optics Corp., in a 36-month office lease for 3,907 SF at NEC of Nunnely Road and South 182^nd Place. The landlord Burnham 182, LLC, was represented by Tyson Breinholt, Ryan Edwards and Cliff Jenkins with CPI.

Joan Krueger represented the sub-lessor, First Citizens Bank & Trust Company, in a 32-month office sub-lease for 3,545 SF at 7373 N. Scottsdale Road, Scottsdale, AZ. The tenant, Republic Bank of Arizona, was represented by Chris Jantz with Kidder Matthews.

Thomas Bean, CCIM and Matt Harper, CCIM, represented the tenant, Pollack Southwind Plaza, LLC, in a 64-month retail lease for 4,110 SF at 953 E. Elliott Road, Tempe, AZ. The landlord, SynerGYSTic Wellness, LLC, was represented by Robert Pollack.

Jeffrey Garza Walker represented the landlord, CPLC, in a 60-month retail lease for 3,500 SF at 1401 E. Van Buren St., Phoenix, AZ. The tenant, Core Collective Fitness, was self-represented.

Dylan Whitwer and Don Morrow represented the tenant, GIG, in a 39-month office sub-lease for 2,923 SF at 2141 E. Broadway Road, Tempe, AZ. The landlord, Paragon Payment Solutions, was represented by Kyle Seeger with JLL.

Matt Harper, CCIM, represented the landlord, Yee Legacy II, LLC, in a 64-month retail lease for 1,152 SF at 18914 E. San Tan Blvd., Queen Creek, AZ. The tenant, Gateway Barbershop, LLC, was self-represented.

Dylan Whitwer and Don Morrow represented the tenant, Lloyd Consulting Group, LLC, in a 39-month office lease for 1,167 SF at 960 W. Elliot Road, Tempe, AZ. The landlord, KWC Acacia Court, LLC, was represented by Michael Strittmatter with Cushman & Wakefield.

Matt Harper, CCIM, represented the landlord, JAS Properties, LLC, in a 37.5-month retail lease for 1,250 SF at 12310 N. 32nd St., Phoenix, AZ. The tenant, Gilded Creations, was represented by Casey Anker with Insight Land & Investments.

Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 25-month retail lease for 1,107 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, BCF, LLC, was self-represented.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional 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 14, 2023

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