NAI Horizon represents landlord in pair of long-term leases for industrial/retail building, land

NAI Horizon represents landlord in pair of long-term leases for industrial/retail building, land

News & Updates

by | Apr 23, 2024 | News & Updates

     PHOENIX, ARIZ. (April 23, 2024) – NAI Horizon represented the landlord in long-term leases for a pair of users, an auto resale company, and an auto repossession firm. The site at 4124 N. 6th Drive, in Phoenix, is a 3,600 SF industrial/retail building on a small lot and a second lot totaling 1.3 acres of completely fenced land.

NAI Horizon First Vice President Troy Giammarco and Vice President Joe Pequeno represented F&R 7th Ave Properties of Los Angeles in the building lease. The tenant is Auto Partners LLC of Phoenix. NAI Horizon represented the same landlord in the land lease. The tenant is Select Asset Recovery Group LLC.

“It’s rare to find two adjacent properties with the physical characteristics of these two,” Giammarco said. “We had been working with tenant representative on another deal on a piece of land which fell through. From start to finish, the deals were turned around in 2 1/2 weeks. The new tenants already had possession of the property.”

The industrial/retail property was built in 1964 and is centrally located between uptown and midtown Phoenix.

Auto Partners and Select Asset Recovery Group were represented by Chad Ackerley with Commercial Properties, Inc.

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 Apr 23, 2024
NAI Horizon sells 16.58 acres to EV charging provider on I-10 corridor in Southern New Mexico

NAI Horizon sells 16.58 acres to EV charging provider on I-10 corridor in Southern New Mexico

News & Updates

by | Apr 17, 2024 | News & Updates

     PHOENIX, ARIZONA (April 17, 2024) – NAI Horizon facilitated the sale of 16.58 acres on Interstate 10 in Vado, New Mexico. This land sale is a priority acquisition for the buyer, a leading EV charging infrastructure provider, as part of the U.S. Department of Transportation’s Charging and Fueling Infrastructure (CFI) Grant program.

NAI Horizon Executive Vice President Lane Neville and Senior Associate Cole Neville in Phoenix along with NAI 1st Valley Principal Randy McMillan in Las Cruces, New Mexico, represented the seller, Willa Esslinger Farms, LLC in the Vado land sale.

The property is located at the interchange of I-10 and Highway 227 in Vado, New Mexico, approximately halfway between Las Cruces, New Mexico, and El Paso, Texas.

“This land sale in Vado was part of two selected sites in Southern New Mexico, the other location is in Lordsburg, both serving as critical parts of the connected chain of recharging sites from Long Beach, California, to  El Paso. The EV charging provider entered a joint application with the New Mexico Department of Transportation (NMDOT) selected to receive $63.8 million total in federal funding for the development of both New Mexico sites. To date, this is one of the largest grant awards in the first round of the CFI funding initiative. These sites are intended for EV charging to a critical freight corridor,”  Lane Neville said.

The EV charging station sites in development are each separated by approximately 150 miles, all on the I-10 corridor. The two New Mexico sites will be bringing 20 megawatts of power in phase one, allowing for nine heavy-duty truck pull-through stalls, which will support around 300 trucks a day. Ultimately, the two sites in Southern New Mexico will provide more than 40 megawatts of power for EV recharging, supporting 500 trucks a day.

The leading EV charging infrastructure provider initially announced in 2022 its intention to build this critical I-10 recharging infrastructure, focusing on high-powered charging centers for regional distribution and trucking fleets moving products from the Port of Long Beach, through California, and Arizona to El Paso serving the West Texas market.

The EV fleet charging provider also has seven stations under development and planning in California and two stations in Arizona (Goodyear and Tucson).  The New Mexico Department of Transportation selected the EV provider as its project partner in this grant award to deliver the key infrastructure, creating a strong public-private venture to accelerate the transition to zero-emission transportation along the I-10 corridor to achieve net-zero emissions by 2050.

For additional information on remaining industrial, commercial and retail land sale opportunities on I-10 in Vado, New Mexico, 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 Apr 17, 2024
ASU MRED students test their development acumen in 2024 REIAC/Rockefeller Challenge

ASU MRED students test their development acumen in 2024 REIAC/Rockefeller Challenge

News & Updates

by | Apr 16, 2024 | News & Updates

PHOENIX, ARIZ. (April 16, 2024) – The 11th REIAC/Rockefeller Group Challenge will again offer a cash prize to a winning team of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.

The event is May 2 at Arizona Country Club, 4668 E. Orange Blossom Lane, in Phoenix. Registration and networking begin at 3:30 p.m. The presentations are from 4 p.m. to 5 p.m. with voting and announcement of the winning team shortly after. A networking mixer will be held after the announcement.

“The membership of our REIAC chapter is grateful for the opportunity to work with Arizona State University and provide support and guidance to our next generation of developers in Arizona,” said REIAC Southwest President Arthur J. Ferrari III, President of LineageCRE. “These are bright young people who represent the future of our industry.”

Three competing teams of graduating ASU MRED students will each present their response to a request for development proposal created by MRED and the City of Mesa for a 7.65-acre parcel of land located at the NEC of Main Street and North Stapley Drive owned by Mesa.

“This is their thesis – their culminating experience requiring use of all they have learned,” said Mark Stapp, Executive Director of the MRED program. “These projects are wicked problems that test students’ knowledge and would challenge anyone, even the most experienced of us.”

Each team will have 10 minutes to present. The winning team will be selected by REIAC members in the audience. Winning team members will each receive $1,000.

“The Rockefeller Group is honored to participate in what has become an annual tradition that has provided additional motivation for MRED students to be selected as one of the top three teams to compete in the Challenge,” said Mark Singerman, Past President of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor.

“The inspiring and creative solutions the teams have presented at the Challenge over the years demonstrate what a fabulous job Mark Stapp and his staff have done in preparing the students for careers in real estate development and investment,” Singerman said.

Registration is required for the event. Registration fee is $30 for non-members and $20 for students and closes May 1. Register here.

 About REIAC

 The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions. The invitation-only group limits its membership to senior-level executives at companies, who act as principals, and whose function is to develop, acquire, manage and/or finance commercial real estate. Institutional quality programs and peer-to-peer relationship-building opportunities have established REAIC’s reputation throughout the national real estate investment community as one of its premier associations. www.reiac.org

 About MRED

 In nine months, the W. P. Carey Master of Real Estate Development (MRED) prepares students to lead real estate development projects that are environmentally respectful, socially responsible, and artfully designed. The MRED program is transdisciplinary, aligning principled instruction with dynamic real-world application. MRED is a unique partnership between four highly regarded schools within Arizona State University:

 

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by Apr 16, 2024
NAI Horizon’s 2023 Top 10 Producers mirror strength, resilience of Metro Phoenix CRE market

NAI Horizon’s 2023 Top 10 Producers mirror strength, resilience of Metro Phoenix CRE market

News & Updates

by | Apr 15, 2024 | News & Updates

      PHOENIX, ARIZONA (April 15, 2024) – A resurgence in retail. Heightened interest in land and industrial properties. A surprisingly active office properties market.

The success of NAI Horizon’s 2023 Top Producers reflects the overall positive trends in the Metro Phoenix commercial real estate market with a range of specialties represented.

NAI Horizon professionals excelled in selling and leasing assets in the retail, industrial, office/medical office, land, and mobile home/RV markets. In addition, NAI Horizon property management professionals were responsible for 2.3 million square feet of industrial, office, and retail properties.

“The accomplishments and growth of our team are rewarding to see,” said NAI Horizon Designated Broker Kelle Rice. “I am proud of everyone and grateful for their unique contributions to NAI.”

NAI Horizon Managing Director and retail expert Matt Harper, CCIM, was the firm’s Top Producer of 2023. Harper finished 2023 with an impressive total of 80 transactions, which led the Phoenix office, and was the No. 2 Top Producer in 2022 with 91 total transactions.

Notable deals closed in 2023 by Harper include representing the seller and the buyer in the $3.95 million disposition and acquisition of the popular and well-maintained retail center Olive Crossing in Glendale, Arizona; and representing the landlord in a retail lease with Simple Machine Brewing Company at the iconic Gaslight Building in downtown Glendale.

NAI Horizon employs a broker ownership platform that allows agents to benefit from personal achievement and company success while encouraging a collaborative culture. This platform prioritizes broker needs while offering global reach and resources.

NAI Horizon’s 2023 Top Producers (and 2022 ranking):

  1. Matt Harper, CCIM: Retail (2)
  2. Jeff Adams: Industrial/Land (7)
  3. Andrew Warner, CCIM: Mobile Home and RV Park Investments (Not ranked)
  4. Isy Sonabend: Industrial (NR)
  5. Laurel Lewis, SIOR: Office (3)
  6. Tom Bean, CCIM: Office (NR)
  7. Lane Neville: Investment Sales/Land (10)
  8. Mike Gaida: Business Brokerage/Senior Living (NR)
  9. Mark Wilcke: Industrial/Land/Investment Sales (4)
  10. Dylan Whitwer: Office (NR)

 

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 Apr 15, 2024
Estrella Welcome Center in Goodyear honored for Best Sales Environment at 2024 MAME Awards

Estrella Welcome Center in Goodyear honored for Best Sales Environment at 2024 MAME Awards

News & Updates

by | Apr 10, 2024 | News & Updates

GOODYEAR, Ariz. (April 10, 2024) – The Estrella Welcome Center was awarded Best Sales Environment last weekend at the 2024 Major Achievements in Merchandising Excellence (MAME) Awards, hosted by the Home Builders Association of Central Arizona at the JW Marriott Desert Ridge Resort & Spa.

It was the second award this year for the newly refreshed Welcome Center. In February the Welcome Center earned a Silver Award and was a finalist for the Gold Award in the Best Community Welcome Center category in the National Association of Home Builders (NAHB) “The National Awards 2024” competition.

The MAME Awards recognize the exemplary efforts of builders and land developers; interior designers and architects; and sales managers and sales associates within Central Arizona. In winning the MAME Award, judges said the Welcome Center stood out for function, creativity, and design used in the office, as well as the use of tools and technologies.

The new Estrella Welcome Center is a collaborative effort led by Claudia Sieb of The Sieb Organization and the team from Creative License International.

“Over the years we have worked with the incredibly talented team at Creative License on many projects. We appreciate their collaboration as they truly understand the intersections of brand, visitor experience, proper space usage, and maximum impact,” said Sieb, Principal at The Sieb Organization. “They are so respectful of the budgets and the timelines, which makes everybody’s job easier. Estrella was a labor of love for our creative team, and we are all so pleased with the outcome. We cannot thank the leadership of Harvard Investments enough for their willingness to invest in this important community asset.”

The MAME Awards each year draw an audience of more than 500, with the majority of attendees representing the Valley’s home-building companies. MAME honors the best in advertising, design, merchandising, and sales of the home building industry.

Other finalists in the Best Sales Environment category were North Copper Canyon, Oakwood Homes; Rosewood Highlands at Storyrock, Rosewood Homes; Waterston Sales Pavilion, Tri Pointe Homes Arizona, design by Creative License International; and Sterling Grove, Toll Brothers, design by PHX Architecture/Studio V.

The Estrella Welcome Center, 8175 S. Hillside Drive, Goodyear, was completely reimagined including monument signage, on-building, directional, and parking signage designed by The Sieb Organization and manufactured by MSI. Interior refresh included a new space plan, technology, displays, furniture, murals, art, and more.

About Estrella

Home to more than 8,000 families, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella’s 500-plus acres of open space include more than 50 parks and 65 miles of paths and trails, plus 72 acres of lakes for kayaking, sailing, and catch-and-release fishing. Amenities include Starpointe and Presidio Residents’ Clubs, the Yacht Club of Estrella, two fitness centers, resort-style swimming pools, basketball, volleyball, pickleball, and tennis courts. Estrella is also home to a Nicklaus-design Championship golf course, The Golf Club of Estrella. Estrella is owned in a joint venture among Värde Partners, Toll Brothers, and Harvard Investments. For more information about Estrella, please visit estrella.com.

About Home Builders Association of Central Arizona:

The Home Builders Association of Central Arizona is a trade organization representing home builders, remodelers, and industry professionals throughout Central Arizona. The organization is committed to promoting the growth and success of the home building industry through advocacy, education, and networking opportunities. For more information visit hbaca.org.

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by Apr 10, 2024
NAI Horizon names Kelle Rice firm’s new Director of Operations, as well as its Designated Broker

NAI Horizon names Kelle Rice firm’s new Director of Operations, as well as its Designated Broker

News & Updates

by | Apr 10, 2024 | News & Updates

     PHOENIX, ARIZ. (April 10, 2024) – NAI Horizon Executive Managing Director Isy Sonabend announced that commercial real estate industry professional and longtime executive Kelle Rice has been named the firm’s Director of Operations.

Rice will be responsible for driving the NAI Horizon strategic plan highlighted by operational and recruiting growth, building its property management division, and enhancing client and property-marketing services.

In addition, Rice will be the firm’s Designated Broker; she will be responsible for all oversight of brokerage activity in Arizona. NAI Horizon has offices in Phoenix and Tucson.

Rice is responsible for providing operational leadership in all key areas of the business, including finance, transaction management, marketing and human resources. Her work requires working closely with the Board of Directors and Executive Committee to develop, implement and direct the organization’s operational and fiscal function and performance.

“With her institutional background and deep experience in asset management, Kelle is a great addition to our team,” said Lane Neville, NAI Horizon Executive Vice President. “Our expectation is that Kelle will elevate our service offerings and client experiences through her leadership, managerial skills and community outreach.”

Rice will participate in outside organizations to increase the awareness, vision, and positive image of NAI Horizon for both recruiting and business development both locally and within the NAI Global network nationally and internationally. In the U.S. alone, NAI Global has more primary, secondary, and tertiary market coverage (over 135 offices) than each of the publicly traded real estate companies. NAI Global completes in excess of $20 billion in commercial property transactions annually (worldwide).

Rice is involved with the Urban Land Institute (ULI), AZCREW (Commercial Real Estate Women) and Valley Partnership.

Rice possesses 25 years of experience in leasing and managing operations of commercial real estate portfolios consisting of millions of square feet for prominent national REITs. She has been actively engaged in asset management, landlord lease representation, development, investment acquisitions/dispositions and financial analysis underwriting.

Former employers include the largest dedicated owner and operator of medical office buildings in the U.S., Healthcare Trust of America (HTA, before it merged with Healthcare Realty Trust); Healthpeak Properties Inc. (when it was known as HCP); Ventas Inc.; and Whitestone REIT, which acquires, owns, operates and develops open-air, retail centers located in some of the fastest growing markets in the country, including Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.

“The demands of commercial real estate in 2024 require constant course corrections. Kelle will be instrumental in navigating our growth, particularly in operational roles that are so integral to driving revenue and delivering exceptional client services,”  Sonabend said.

A native of Columbus, Ohio, Rice enjoys hiking and traveling. She holds a Bachelor of Science from Arizona State University.

 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 Apr 10, 2024
AZCREW to host inaugural pickleball tournament April 18; events kicks off with beginners’ clinic

AZCREW to host inaugural pickleball tournament April 18; events kicks off with beginners’ clinic

News & Updates

by | Apr 9, 2024 | News & Updates

PHOENIX, ARIZ. (April 9, 2024) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, is hosting an inaugural pickleball tournament on Thursday, April 18.

The tournament begins at 3 p.m. with a beginners’ clinic at the courts at Phoenix Country Club, 2901 N. 7th St., in Phoenix. The clinic will be led by pickleball instructor Nancy Meyer, a dedicated pickleball player and coach who specializes in creating a safe, injury-free experience within the world’s fastest-growing sport.

Tournament check-in for the beginner and intermediate/advanced brackets begins at 4:30 p.m. Tournament play is from 5 to 7:30 p.m. An event “thank you” and announcement of winners is from 7:30 to 8 p.m. Tickets are available for spectators to attend, or to participate in the educational pre-tournament clinic.

“We are excited to present AZCREW’s inaugural pickleball event, offering both a clinic for beginners and tournament play that lends to the organization’s commitment to inclusivity,” said Ashley Zappia with Stockdale, and the AZCREW Special Events Committee Chair.  “Pickleball provides a health-conscious and collaborative environment for teams, perfect for deal-makers and networking, on and off the court. We look forward to the opportunity for court time and connections for all spectators and sponsors.”

Register for the event here.

Sponsors for the inaugural event include Global Credit Union, Suntec Concrete, QXL Security, NextGen Protection Companies, and Global Roofing Group.

About AZCREW:

AZCREW is the local affiliate of CREW Network. CREW Network is at the forefront of achieving gender equity and greater diversity in commercial real estate. We will achieve this by transforming the industry by advancing women globally. Our membership offers unparalleled business development, leadership opportunities and networking both locally in your market and globally across our 12,000-member base. For more information visit arizonacrew.org.

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by Apr 09, 2024
Phoenix family construction, asphalt firm secures growth with acquisition of NW Valley industrial building; NAI Horizon facilitates $9.5M deal

Phoenix family construction, asphalt firm secures growth with acquisition of NW Valley industrial building; NAI Horizon facilitates $9.5M deal

News & Updates

by | Apr 8, 2024 | News & Updates

     PHOENIX, ARIZ. (April 8, 2024) – NAI Horizon represented the buyer, a Latino-owned construction and asphalt company, in the $9.5 million acquisition of an industrial building that will help expand its business in the Northwest Valley.

NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, and Senior Associate Art Verdugo represented Glez C Properties, LLC,  in the purchase of a Class B industrial warehouse totaling 81,060 SF at 10857 N. 95th Ave., in Peoria, Arizona.

Built in 2005, the warehouse and manufacturing building will allow Gonzalez Asphalt to expand its business. The Phoenix-based company offers paving, grading, milling, line striping, parking lot maintenance, slurry seal, and site development, to name a few of its services. The asset enjoys a prime location with strong curb appeal and exceptional freeway access.

“Once again NAI Horizon is proud to be a partner with a business that serves the community and reflects the rich diverse culture in the Valley,” Garza Walker said. “This is a special building for the Gonzalez family. With a site in the Northwest Valley, this is the asset they needed to expand their business.

“Special thanks to Ivan Garcia with First Fidelity Bank who provided the family with half of the funding to make this dream come true. Gonzalez Asphalt has a well-established relationship with ADOT, getting contracts for freeway work you see around Metro Phoenix. This is a 100 percent Latino-owned business that is prospering and growing in the Valley,” Garza Walker said.

The seller, Chris Finn, was represented by Gary Cornish with Newmark and Geoffrey Turbow with CBRE. Eric Nutt with Commonwealth Title also helped facilitate the deal.

 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 Apr 08, 2024
Mazzon Industries debuts Ally, an industry vendor concierge service for property management firms

Mazzon Industries debuts Ally, an industry vendor concierge service for property management firms

News & Updates

by | Apr 8, 2024 | News & Updates

   

     SCOTTSDALE, ARIZ. (April 8, 2024) – What if a property management company could manage, grow, and perform up to three times faster by utilizing superior talents, systems, and service providers, and have it all within budget?

Something needs to change. Now it can. Introducing Ally by Mazzon Industries.

Ally is a vendor concierge service that enhances a property management company’s ability to manage, grow, and perform across the portfolio of buildings they oversee. An Ally is a premier commercial real estate professional designated to oversee 100 percent of its property management clients’ vendors.

     Property management companies can now have a singular point of contact for everything vendor-related, not the 30 that change at every asset. After numerous field tests, An Ally can manage vendors up to three times faster than the current model in place. Ally oversees commercial office, retail, industrial, and medical properties.

“For vendors, an Ally would now become their direct point of contact for all the buildings they service. Between property management companies and service providers, Ally saves the most valuable asset in the business for results – time,” said Mazzon Industries President Daniel Mazzon. “Crisis brings opportunity. In commercial real estate, it’s not just building owners that are getting hit hard with occupancy levels.”

For property management companies, hiring and retaining exceptional property managers is extremely difficult in today’s market. Property manager salary gaps are near 100 percent for identical positions, employment is a revolving door, and the fear of manager resignations can’t be cured with better snacks in the break room, Mazzon explains.

An Ally comes from a property management background with a proven track record as a top performer in the market. A property management company can now have a market-leading Ally represent them for a reasonable cost. How is this possible?

An Ally utilizes the Mazzon Vendor Management System, which is built to scale management portfolios, increase service levels, and save property managers  time. From there, the property management company delivers the results Ally gathers to the tenants and building ownership.

Since Ally is now the one communicating with all vendors via phone and email, they are the ones streamlining the following back to property management to ensure effective results for tenants and ownership:

  • Site visits
  • Reporting
  • COIs
  • Building Emergencies
  • Invoices

An Ally’s time is spent at the various properties they oversee for their property management client. Ally is offered in three tiers based on experience in the industry – Platinum, Gold, and Silver. Ally also comes in three contract types depending on its client needs – Dedicated, Portfolio, and Split.

To find out more about Ally, contact Mazzon at daniel@mazzonindustries.com.

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by Apr 08, 2024
Wespac Construction completes 1st phase of car-free, mixed-use development Culdesac Tempe

Wespac Construction completes 1st phase of car-free, mixed-use development Culdesac Tempe

News & Updates

by | Apr 2, 2024 | News & Updates

PHOENIX – Wespac Construction is pleased to announce it has completed work on three mixed-use buildings at Culdesac Tempe, the first car-free neighborhood of its kind in the U.S. This visionary development redefines community living with its pedestrian-friendly design and sustainable principles.

Culdesac Tempe, 2025 E. Apache Blvd., spans 17 acres and features 44 modern apartment units and almost 24,000 SF of retail space. The site underwent extensive clearing, grading, and utility installation, including SRP, communication, water, sewer, storm, and retention tanks. A 2,500 SF restaurant shell and tenant improvement was constructed for the full-service restaurant, Cocina Chiwas.

This groundbreaking development has more than 150 parking spaces welcoming retail shoppers, overnight guests, and community visitors and prioritizes residents in architectural design with beautifully designed brick pavers and tree installation for shaded walkways

In addition, extensive right-of-way work along Apache Boulevard resulted in new curbs, gutters, sidewalks, and streetlights. The project also includes a vibrant paseo area with art shade structures, fostering a welcoming space for farmers’ markets, local vendors, and community events.

“Culdesac Tempe truly is the first of its kind,” said Chance Severns, Senior Project Manager at Wespac Construction, Inc., “We are proud to have been part of this innovative project and look forward to seeing the positive impact it will have on the community.”

Carefully planned native landscaping and clever use of shades and shade structures further enhance the sustainability goals of Culdesac Tempe, contributing to its eco-friendly footprint and creating a visually appealing environment for residents and visitors alike.

Key features of Culdesac Tempe include the gym, a 6,700 SF fitness facility boasting energy-efficient CMU walls, and a steel joist roof covered with TPO for long-lasting durability. The 4,700 SF Market Building spans three levels and features 16 apartment units.

The Hub provides retail space on the first level, including one apartment unit. Levels 2 and 3 offer 28 residential units, further emphasizing the development’s commitment to blending functionality, sustainability, and modern design seamlessly.

Culdesac Tempe sets a new standard for apartment living, demonstrating the potential for environmentally conscious urban development that prioritizes the needs of residents and promotes a vibrant, interconnected community. Owned and developed by Culdesac, and designed by DAVIS and Opticos, the project team is proud to bring this distinctive space to Tempe.

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About Wespac

Established in 1991, Wespac Construction Inc. is a general contracting and construction management firm, offering pre-construction and construction services in various market sectors. From small tenant improvement projects to large shell and master-planned communities, Wespac is a true partner to our clients throughout the entire project lifecycle. We pursue the art of construction, while contributing knowledge, leadership, passion, and commitment to every employee, client, and project team. Wespac has offices in Phoenix and Flagstaff, Arizona. For more information visit www.wespacaz.com

 

by Apr 02, 2024