NAI Horizon negotiates $8.5M long-term lease for brand new fulfillment building in Chandler

NAI Horizon negotiates $8.5M long-term lease for brand new fulfillment building in Chandler

News & Updates

 

    PHOENIX, ARIZONA (Sept. 22, 2021) – NAI Horizon represented the tenant in the turn-key deal of a long-term lease for a 132,210 SF brand new, freestanding warehouse in Chandler, Arizona. The total value of the long-term lease is approximately $8.5 million.

NAI Horizon Senior Vice President Jeff Adams represented AES Direct Express, LLC, an Arizona limited liability company (dba SKU Distribution) in its lease of Parc Germann located at 2225 E. Germann Road, Building B, in Chandler.

The brand-new construction sits on 9.37 acres on Germann Road in the highly sought-after East Valley. It features a secure concrete truck court, a secure private yard, new ownership, and a new office and warehouse whose interiors are finished and ready for occupancy.

The tenant offers third-party logistics fulfillment and other management services.

“SKU Distribution is a treasured client that I am proud to have procured attractive deals for as they grew,” Adams said. “They are still a younger company, but due to proprietary software, high efficiency and accuracy throughout the entire procurement and delivery cycles, they have been able to quickly garner several top accounts in the rapidly expanding 3-PL and 4-PL logistics markets in Metro Phoenix.

“This expansion space will allow my client to bring on more national accounts who have been on hold as the space was simply not available,” Adams said.

The landlord, Realty Associates Fund XII Portfolio, L.P., a Delaware limited partnership from Newport Beach California, was represented by Pat Harlan and Steve Sayre of JLL.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

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

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

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by Sep 22, 2021
NAI Horizon’s Investment Services Group brokers $8.2M sale of Old Town Scottsdale office property

NAI Horizon’s Investment Services Group brokers $8.2M sale of Old Town Scottsdale office property

News & Updates

    PHOENIX, ARIZONA (September 20, 2021) – NAI Horizon’s Investment Services Group represented Structured REA-3080, LLC (Stephen Doyle, Principal, Structured Real Estate) in the $8.2 million ($353 per SF) disposition sale of 3080 N. Civic Center Plaza.

The 23,240 SF, multi-tenant, Class-A office property is located in the Old Town area of Scottsdale, Arizona, at the SWC of Civic Center Plaza and Earll Drive.

NAI Horizon Executive Vice President Lane Neville, Senior Associate Logan Crum and Agent Cole Neville represented the seller. The buyer, GMCW, LLC (Jason Mitchell, Principal), was represented by Tony Werstler with The Jason Mitchell Group.

“The asset is a very unique and one-of-a-kind office property that was originally built as a church in the late 1940s. The property was completely re-developed by the seller a few years ago and repurposed to high-end office space,” Neville said. “The luxury build-out, high-vaulted ceilings with original wood beams left in place create a breathtaking creative office environment.”

A related entity of the buyer will be leasing about half of the turnkey space.

“The Jason Mitchell Group, the new tenant, was recently touted in the Phoenix Business Journal as No. 1 Residential Real Estate Brokerage team in Arizona.  The property is 100% occupied and has two tenants. The existing tenant in the building is a large publicly traded, online insurance company,” Crum said.

The NAI Horizon Investment Services Group specializes in the sale and valuation of office and retail properties throughout the Phoenix MSA.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

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

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

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by Sep 20, 2021
NAI Horizon bolsters its marketing department with hiring of  Marketing Specialist Bryce Gillen

NAI Horizon bolsters its marketing department with hiring of Marketing Specialist Bryce Gillen

News & Updates

     PHOENIX, ARIZONA (September 15, 2021) – NAI Horizon is pleased to announce it has hired Bryce Gillen to aid in the firm’s marketing and branding initiatives as Marketing Specialist.

Gillen will be responsible for all marketing collateral that aligns with NAI’s branding initiatives for the firm’s agents. The Gilbert, Arizona, native joins NAI Horizon from GoDaddy, where he served as a creative specialist.

“I am excited to welcome Bryce to the NAI marketing team. Bryce’s experience and skillset add incredible value to the marketing services we offer,” said NAI Horizon Marketing Director Meg Ohanesian Zemlicka. “His contribution will help drive NAI’s marketing strategies and turn our vision into reality.”

Gillen, who was also an architectural photography intern at Bowman Media Group, attended Arizona State University, earning a bachelor’s degree in graphic information technology from the Ira A. Fulton Schools of Engineering at Arizona State University.

Away from the office, Gillen enjoys working out and spending time with friends and family.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

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

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

 

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by Sep 15, 2021
Design/build collaboration earns Valley firms Haydon Building Corp, Richärd Kennedy Architects prestigious international award   

Design/build collaboration earns Valley firms Haydon Building Corp, Richärd Kennedy Architects prestigious international award  

News & Updates

    PHOENIX, ARIZONA (Sept. 9, 2021) – A design/build collaboration between Haydon Building Corp and Richärd Kennedy Architects has earned the Valley firms a prestigious 2021 International Architectural Award for their work on the Asante Library in Surprise, Arizona.

The International Architecture Awards are dedicated to the recognition of excellence in architecture and urbanism from a global point of view. The program pays tribute to new developments in design and underscores the directions and understanding of current cutting-edge processes consistent with today’s design thinking.

This year’s program honors new (2019-2021) corporate, institutional, commercial, residential architecture, interiors, and urban planning, designed for both built and unbuilt projects alike.

The $4.5 million project includes the design and construction of a new 10,000 SF single-story branch library within Asante Park. The library includes multiple study rooms, designated children’s, teens,’ and adults’ reading rooms, a multi-purpose maker space, and administrative areas.

“There was an incredible synergy between Haydon and Richärd Kennedy Architects as the design/build team for this project,” said Haydon Executive Vice President | Partner Katie Haydon Perry. “As a team, we created an award-winning design for the City of Surprise on a very limited budget. This project  positions us for future library opportunities.”

      The design team conducted collaborative visioning sessions and planning meetings to establish project aspirations and needs with the city and community members. The community and city desired a flexible floor plan, plug-and-play technologies, and incorporation of community gathering spaces. The entire team worked seamlessly to create a unique space for the community: a pavilion in the park. White Baux Studio was the interior architect.

“We are honored to have the opportunity to design an enduring building for the residents and community of Surprise,” said Laura Nebeker, project architect/designer for Richärd Kennedy Architects. “Asante Library is not just a library, but a spatial experience where people thrive and celebrate knowledge.”

The library, 16755 W. Vereda Solana Drive, is sited on the northeast quadrant of Asante Park, which serves as a regional retention basin that drains into a greenbelt and adjacent canal. The new library facility is built on a 5-foot plinth extending out into the park to reduce site disturbance and developmental impact on retention basin capacity. The plinth provides easy movement from the multi-purpose entry plaza through the lawns, acting as a terrace for activities in the park.

Access to the library is through a multi-purpose entry plaza with integrated landscape seating shaded by tree canopies. The plaza is used for library functions, community gatherings, and exhibitions. The library serves as an essential gathering and meeting space for this developing community.

The building consists of a large open reading room with floor-to-ceiling glass on all sides affording views of the park and White Tank Mountains in the distance. The glazing is protected by a scrim and canopy projection on the eastern, southern, and western elevations. Constructed of folded perforated metal baffles in a white powder coat finish, the canopy form and perforation provide filtered sunlight to emulate the diffused light of a tree canopy.

Support spaces are organized along the north edge of the building within a solid core finished with aluminum composite wall panels, designed to match the scrim and canopy pattern. The solid core forms the entry facade and is a backdrop for the multi-purpose entrance plaza between the building and the street.

A simple palette of durable materials was utilized, requiring minimal maintenance over time, and in turn, reducing future consumption of natural resources. The elegant scrim is composed of perforated steel stud channels that rotate, angle, and nest together. The outcome creates a dynamic facade with filtered sunlight, shadow play, and an artistic representation of a tree canopy in the park.

Photo by Mark Boisclair

About Haydon Building Corp

Haydon Building Corp provides solutions to its clients through its commercial building, heavy civil, landscape, and virtual construction services. Haydon provides Construction Management at Risk (CMAR), Design-Build, and General Contracting services for both the public and private sectors. Its major project types include industrial, commercial, office, healthcare, education, civic, parks and recreation, mission-critical, transportation, structures, utilities, and water/wastewater treatment. Headquartered in Phoenix, Haydon was founded in 1991 and has grown to more than 450 employees with annual revenues of $294 million. For more information visit haydonbc.com.

About Richärd Kennedy Architects

Richärd Kennedy Architects is a full-service global design firm; since the firm’s origin in 1996, public buildings’ programming, planning, and design have been an essential part of our work. Our portfolio features public and private institutions, public, community, academic libraries, civic projects, higher education, research laboratories, and commercial clients. We help clients solve their most difficult challenges by harnessing our team’s diverse skills and passion for continuous improvement through research and practical experience.   Our team’s global presence and design experience bring significant added value to local projects within Arizona.  We are stewards of the resources invested in our projects. On every project, we go above and beyond. Client and community outcomes drive our concepts and decisions. We are motivated to experiment and discover, advancing the art and science of design to create bold and enduring solutions. We make the most of each opportunity to shape a better future. For more information visit rkarch.com.

About the International Architecture Awards

Since 2004, The Chicago Athenaeum: Museum of Architecture and Design, together with The European Center for Architecture Art Design and Urban Studies and Metropolitan Arts Press, Ltd. has organized The International Architecture Awards as a way in which to honor the best, significant new buildings, landscape architecture, and planning projects designed and/or built around the world’s leading architects, landscape architects, and urban planners practicing nationally and internationally. The International Architecture Awards give an important global overview of the current aesthetic direction of today’s commercial, corporate, institutional, and residential work to the real estate, banking, business, and corporate community, as well as to the press and general public worldwide.

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by Sep 08, 2021
Earthworks Environmental enjoys exponential growth after 7 years, expands its compliance footprint with consulting services in 17 states

Earthworks Environmental enjoys exponential growth after 7 years, expands its compliance footprint with consulting services in 17 states

News & Updates

       GILBERT, ARIZ.  (September 8, 2021) – Seven years ago Earthworks Environmental moved from a concept to a business, launching with a single client and 15 projects in Metro Phoenix.

“I recall conducting those 15 inspections, completing the office duties, and dreaming of how I may grow this company into something bigger,” said company founder Cherie Koester. “You never hear anyone claim that starting a business is easy, and for good reason. Nearly half of new businesses fail in the first five years I’d be lying if I didn’t say I’ve spent many sleepless nights worrying about how Earthworks will survive.”

Cherie Koester

The environmental consulting firm now boasts 54 employees nationwide with work performed in Arizona, Arkansas, Colorado, Florida, Hawaii, Illinois, Iowa, Indiana, Kentucky, Minnesota, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, and Texas. Earthworks Environmental consults on more than 1,100 permits nationally.

Seven years ago, Koester left a prominent job with Maricopa County to start her own business. From her home in the East Valley she founded Earthworks Environmental LLC, a woman- and minority-owned firm.

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 joined Earthworks in 2016 when the company was local to Arizona. Tucson was the extent of my travel at that time, so it is hard to believe that our presence currently spans from Hawaii to New Jersey,” said Brendan Haugh, National Operations Analyst and Advisor for Earthworks Environmental. “The anniversaries provide an opportunity to reflect on the journey and accomplishments, but the real excitement is looking ahead at our future potential. We have only scratched the surface of our capabilities in environmental management and software.”

A proprietary program that Earthworks Environmental employs – ERX – has also played a key role in the firm’s growth, 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.

“We were thrilled when we reached the 5-year milestone only to be greeted by a pandemic in our sixth year,” Koester said. “My tumultuous younger years as a single mother feels like a walk in the park as compared to the challenges that COVID brought to this life and business in 2020-2021. Not only from a business aspect but the personal loss of a loved one to the virus realigned my priorities.

“My biggest challenge is trying to keep up with my need/drive to win. I feel like I am not even halfway to where I want to go. Yes, I have accomplished a lot, but I am not done,” Koester said.

To learn more about Earthworks Environmental visit earthworksenv.com.

 

 

 

 

by Sep 08, 2021
Phoenix West Commercial grows its presence in West Valley, hires pair of industry professionals

Phoenix West Commercial grows its presence in West Valley, hires pair of industry professionals

News & Updates

           GOODYEAR, ARIZONA (September 8, 2021) – Phoenix West Commercial continued to grow its West Valley footprint with the hiring of a Sales Associate and a Transaction Coordinator/Executive Assistant.

Gavin Cooper joins PWC as a Sales Associate. He will utilize his retail and restaurant management experience to help retail clients and restaurant owners find suitable and profitable locations. Cooper joins PWC from eXp Realty, where he was a commercial and residential agent.

Danielle Jurgens

Danielle Jurgens joins PWC as Transaction Coordinator/Executive Assistant. Jurgens will be responsible for assisting the brokerage team including drafting and managing transaction documents, listings, marketing, and commissions. Jurgens joins PWC after spending four years as Principal at AAEC Estrella Mountain High School.

“With the increased demand in the market, Phoenix West Commercial needed to expand our team to service our clients effectively,” said Bobbie Mastracci, CCIM, SIOR, Designated Broker/Principal of Phoenix West Commercial. “Gavin and Danielle fit nicely into our company culture along with their talents we expect to enhance our presence and services in the Phoenix market.”

A native of St. Louis, Cooper is a member of the Central Arizona CCIM Chapter and the Phoenix Association of Realtors. He attended the Colorado Institute of Culinary Art.  Away from the office Cooper enjoys spending time outdoors with his four children, fishing or riding dirt bikes. He also coaches his sons’ baseball team.

A native of St. Clair, Michigan, Jurgens earned a Master’s in Administration and Education Leadership from the University of Phoenix and bachelors of science from Western Michigan University. Away from the office, Jurgens enjoys spending time with her daughter. She also enjoys nature, yoga and reading.

 About Phoenix Commercial West

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 Sep 08, 2021
NAI Horizon’s Tucson office adds Kyle Kilgore to support its office and medical brokerage services

NAI Horizon’s Tucson office adds Kyle Kilgore to support its office and medical brokerage services

News & Updates

 

      TUCSON, ARIZONA (September 7, 2021) – NAI Horizon’s Tucson office is proud to announce the hiring of Kyle Kilgore to bolster and support its office and medical real estate services in Southern Arizona.

Kyle will help with the leasing and sales process of office and medical buildings in Metro Tucson. He brings a diverse background to NAI Horizon, including working for GEICO and the Oro Valley Country Club.

“We are excited that Kyle chose to join our team,” said Ben Craney, Managing Director of the NAI Horizon Tucson office. “Kyle will be a great addition to the NAI Horizon organization.”

A native of Riverside, California, Kilgore grew up in Tucson. While playing baseball on a scholarship for the Aggies, Kilgore earned a criminal justice degree at New Mexico State University.  He also received a business management degree from the Eller School of Business at the University of Arizona.

“I enjoy being a part of the business community in Tucson, a city in which I was raised, and look forward to meeting many new individuals in the real estate market,” Kilgore said.

Away from the office, Kyle enjoys spending time with his family, camping, and going to the gym.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

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

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

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by Sep 07, 2021
NAI Horizon professionals close 8 sales transactions totaling almost $8.5M

NAI Horizon professionals close 8 sales transactions totaling almost $8.5M

News & Updates

     PHOENIX, ARIZONA (Sept. 1, 2021) – Three land sales, three retail building sales and two office sales totaling almost $8.5 million highlight recent transactions closed by NAI Horizon professionals. Land sales totaled $3.64 million; retail building sales totaled $3 million; and office sales totaled $1.845 million.

Sale Transactions:

Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of 2.88 acres of land representing the buyer, Queen Creek Fiesta, LLC for $1.8 million. The property is located at NEC of Edison Road and SR 347, Maricopa, AZ. The seller, VP Edison 15, LLC was represented by Brad Douglass with Kidder Mathews.

Mark Wilcke negotiated the sale of a 12,650 SF retail building representing the buyer, JAED Investments, LLC for $1.425 million. The property is located at 746-748 W. Southern Ave., Mesa, AZ. The seller, Bridget Valenciano & Jennifer Hazelwood was represented by Ken McQueen with Lee & Associates.

Don Morrow, Mike Myrick, CCIM and Dylan Whitwer negotiated the sale of a 14,559 SF office building representing both the seller, Richard Ivicevic and Lisa Ivicevic, Trustees of the Richard Ivicevic and Lisa Ivicevic Family Trust dated 11/03/1993 and the buyer, 600 E. Baseline, LLC for $1.3 million. The property is located at 600 E. Baseline Road, Tempe, AZ.

Christopher Lewis negotiated the sale of 1.15 acres of land representing the seller, Blais Properties, LLC for $1.2 million. The property is located at 21360 N. 75th Ave., Glendale, AZ. The buyer, Heart One Associates, LLC was represented by Kamaljit Kaur with HomeSmart.

Matt Harper, CCIM negotiated the sale of a 2,150 SF retail building representing the buyer, KEMAD, LLC for $900,000. The property is located at 12555 NW Grand Ave., El Mirage, AZ. The seller, McLemore Consulting, LLC was represented by Bonnie Halley with Colliers International.

Christopher Lewis negotiated the sale of a 9,000 SF retail building representing the seller, Rick & Sharon Wilson for $675,000. The property is located at 2828 N. 59th Ave., Phoenix, AZ. The buyer, Michelle Landgren Lee was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of 1.14 acres of land representing the buyer, Tempe Thorn Rentals, LLC for $640,000. The property is located at 8415 W. Indian School Road, Phoenix, AZ. The seller, 8415 W. Indian School Road, LLC was represented by James DeCremer with Avison Young.

Mike Myrick, CCIM negotiated the sale of a 2,180 SF medical office building representing the seller, Diamondback Properties Group, LLC for $545,000. The property is located at 2995 W. Elliot Road, Chandler, AZ. The buyer, Hekmat Hakiman was represented by Susan McCall with Commercial Property Connect.

Lease Transactions:

Jeff Adams represented the tenant, Liquidity Services Operations, LLC in a 65-month industrial lease for 84,690 SF at 6800 W. Van Buren St., Phoenix, AZ. The landlord, Van Buren Owner, LLC was represented by Mike Gilbert and Gary Anderson with Cushman & Wakefield.

Lane Neville and Logan Crum represented the landlord, CPLP 2944 N. 44th St, LLC in an  84-month office lease for 5,113 SF at 2944 N. 44th St., Phoenix, AZ. The tenant, ORB Architecture, LLC was represented by Scott Maxwell with Cresa.

Lori Kahn, MBA represented the tenant, Desert Mvmt in a 39-month retail lease for 1,747 SF at 4515 N. 16th St., Phoenix, AZ. The landlord, DM Campbell, LLC was represented by Jared Cauffield with Western Retail Advisors.

Thomas Bean, CCIM and Matt Harper, CCIM represented the tenant, ETM Construction, LLC in a 38-month office lease for 1,733 SF at 7689 N. Paradise Lane, Scottsdale, AZ. The landlord, 7869, LLC was represented by Ryan McConnaughy and Richard Ledesma with Airport Property Services.

Matt Harper, CCIM represented the landlord, Janaland, LLC in a 36-month lease for 975 SF at 6601 W. Indian School Road, Phoenix, AZ. The tenant, Crispin Gonzalez and Teresa Solorzano was self-represented.

Matt Harper, CCIM represented the tenant, Brandon Jackson in a 25-month office lease for 2,500 SF at 700 W. Campbell Ave., Phoenix, AZ. The landlord, Campbell Place Partners, LLC was represented by Michael Beukers with MPB Realty Services.

 Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC in a 36-month office lease for 1,099 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, ISC was self-represented.

Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC in a 39-month office lease for 1,052 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, Pete’s Power was represented by Barbara Firminger with Carr.

Joe Pequeno and Troy Giammarco represented the tenant, Dr. Patrick Bays, CurPoint Orthopedic in a 13-month medical office lease for 600 SF at 9300 E. Raintree Drive, Scottsdale, AZ. The landlord, America’s Health Center was self-represented.

Jennifer Loehnert represented the tenant, Phoenician Junk Haulers, Inc in a 36-month lease for 1,200 SF at 2105 S. Hardy Drive, Tempe, AZ. The landlord, Hardy Business Park, LLC was represented by Eric Jones and Leroy Breinholt with J&J Commercial Properties, Inc.

Matt Harper, CCIM represented the tenant, Yohana Araya and Asmerom Tesfamichael in a 36-month retail lease for 800 SF at 3601 W. Camelback Road, Phoenix, AZ. The landlord, JARM AZ, LLC was represented by Steve Fisher with Fisher Commercial Real Estate.

Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord Sun City Professional Building in a 12-month office lease for 1,108 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, AMP Live Events, LLC was self-represented.

Joe Pequeno and Troy Giammarco represented the landlord, Rossetti Management & Realty Services in a 25-month office lease for 850 SF at 3120 N. 19th Ave., Phoenix, AZ. The tenant, Duhon Law was self-represented.

Matt Harper, CCIM represented the landlord, Cynergy, LLC in a 12-month retail lease for 660 SF at 1533 N. Alma School Road, Mesa, AZ. The tenant, Protech RV, LLC was self-represented.

Joe Pequeno and Troy Giammarco represented the landlord, D&R Rentals in a 24-month office lease for 450 SF at 9303 N. 7th St., Phoenix, AZ. The tenant, Refinance with Clutch Inc. was self-represented.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

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

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI

Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

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by Sep 01, 2021
NAI Horizon negotiates $2.95M long-term lease for liquidation company in Southwest Phoenix

NAI Horizon negotiates $2.95M long-term lease for liquidation company in Southwest Phoenix

News & Updates

     PHOENIX, ARIZONA (August 30, 2021) – NAI Horizon represented the tenant in the turn-key deal of a long-term lease for an 84,690 SF industrial building in Southwest Phoenix. The total value of the lease exceeds $2.95 million.

NAI Horizon Senior Vice President Jeff Adams represented Liquidity Services Operations, LLC, a Delaware limited liability company in its lease of Building 2 at Hopewell 67, 6800 W. Van Buren St., in Phoenix.

Hopewell 67 is a two-building project that totals 163,000 SF. Building 2, fully leased, is a freestanding frontage building with a heavy parking ratio an additional office and dock area.

The tenant handles all the liquidation product services for clients that include Amazon, Home Depot, Target, and other large retailers.

“Liquidity Services is a well-established national entity. This location represents its initial foray into the Metro Phoenix market,” Adams said. “The company is quickly ramping up to 70 or more employees and may still be seeking top-notch personnel. The Liquidity Services model is set upon a sophisticated software system that allows for quick product and high-volume turnaround.

“This location met all their needs with regard to proximity to clients, a reasonably attractive rate structure, additional parking and loading, as well as having an accessible employment base,” Adams said.

The landlord, Van Buren Owner LLC, a Delaware limited liability company, was represented by Mike Gilbert and Gary Anderson of Cushman & Wakefield. The landlord, based in Chicago, is primarily an investor that purchased the new development from the developer.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

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

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

 

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by Aug 30, 2021
Arizona is a hot spot for businesses to land as opportunities abound for Valley’s CRE market

Arizona is a hot spot for businesses to land as opportunities abound for Valley’s CRE market

News & Updates

SCOTTSDALE, Arizona (August 26, 2021) – It’s scorching hot in Arizona and this time it’s not about the weather. More than ever, companies across the U.S. are packing up their businesses and flocking to Arizona.

With its high-skilled talent pipeline, affordable cost of living, and lower taxes than neighboring states, Arizona – and primarily Metro Phoenix – has developed its position as an attractive business location, with no signs of slowing down.

“I’ve witnessed this trend firsthand as I’ve assisted countless clients to make the move to Arizona,” said Andrea Davis, CCIM, Principal of Andrea Davis CRE.

Here is what helped scientific equipment supplier Atonarp Inc. from Fremont, California, want to call the Valley of the Sun home at 15950 N. 76th St., in Scottsdale.

“We’re currently at an exciting growth phase as we expand the development of the technology, teams, and partner ecosystems that will help bring to market an array of industry-redefining products,” said Dave Anderson, Chief Product Officer with Atonarp. “As an extension of this growth, we recently established our newest office in Phoenix.”

Atonarp works at the forefront of next-generation molecular profiling, developing instrument platforms and software applications that enable healthcare and industrial markets to more predictably and precisely identify, analyze, and act upon real-time molecular insights. It plans on hiring 20 scientists and engineers and building a state-of-the-art optics lab to support its work.

“Metro Phoenix was the perfect fit for us as a fast-growing community offering a deep talent pool to draw from as we look to rapidly expand our local team. In particular, its proximity of pre-eminent university research programs aligned well with our needs for highly-specialized areas of technical expertise,” Anderson added.

While Arizona has witnessed companies from all industries relocate to Arizona, some commercial real estate sectors are experiencing more growth than others. With the increased data demand from increased home offices, online schooling and more, industrial property construction has intensified over the last year, with a buildout of more than 270 MSF across nearly 1,000 properties.

Warehouse construction has also increased to support the demand for manufacturing and production. Companies like Intel, Samsung and Amazon are just a few of the companies that have opened or plan to open warehouses in Arizona. Metro Phoenix ranks No. 3 in the Sun Belt for new construction, behind only the Texas markets of No. 1 Dallas-Fort Worth and No. 2 Houston.

“Although office rental rates are holding strong and positive net absorption, the office sector remains a question mark as many large corporations have just started transitioning back to the office,” Davis said.

The interest in medical office buildings has increased as Metro Phoenix continues to expand its economic and healthcare footprint. Net absorption for medical office space in 4Q 2020 reached 111,974 SF. 2020 ended with positive net absorption in all four quarters. Demand is this sector is expected to remain high for the remainder of 2021.

Out-of-state companies aren’t the only ones capitalizing on the market opportunities in Phoenix. Ouro Bubble Tea Co. is a new business that will serve the Valley soon. The boba shop will focus on providing exceptional quality teas paired with hand-crafted boba and premium quality ingredients.

With the recent spike of activity in Phoenix, the company’s business owner, Tyler Doty, says he looks forward to growing his business here.

“Arizona is my home state and with our recent growth spurt and expanding food market diversity, I feel like it is the perfect place to open a blended cultural shop,” Doty said.

Brooke and Reanol Hackworth are a husband-and-wife team with an extensive background in health and fitness. They recently opened Sculpt & Sweat, a Scottsdale-based boutique wellness center that offers a unique approach to health and wellness by combining personal training, EMS (electro-muscular stimulation) smart suits, body sculpting, infrared sauna, and nutrition programs.

“We decided on opening our first store here because of various reasons,” Brooke Hackworth said. “We wanted to be close to family. We did it for economic reasons, affordability, and the quality of life here. We anticipate hiring about 20 people soon. We are so grateful to have our business here in Arizona.”

“While a lot can still change before the end of the year, it’s evident that Phoenix is moving up to become a top tier market and compete with cities such as New York, Los Angeles and Chicago,” Davis said.

Exterior of 15950 N. 76th St., in Scottsdale.

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About Andrea Davis CRE

Andrea Davis, CCIM, has practiced commercial real estate for more than 20 years. Davis’ breadth of knowledge stretches from developers to landlords to buyer/tenant representation and investments. Within the commercial real estate industry, Davis has won numerous awards. Andrea Davis CRE is listed among the top 10 in Ranking Arizona for the category of Office Brokerage. Her book, SimpLEASEity™, focuses on leasing and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is forthcoming this year. For more information visit andreadavis.co/.

 

 

by Aug 25, 2021