Manufacturer of heavy industry motors and generators is adding 6,750 SF Tucson building; NAI Horizon to provide brokerage services

Manufacturer of heavy industry motors and generators is adding 6,750 SF Tucson building; NAI Horizon to provide brokerage services

News & Updates

    TUCSON, ARIZONA (August 29, 2017) – FLANDERS, an Indiana-based manufacturer of heavy industry electric motors and generators, is breaking ground on a 6,750-square-foot administrative and warehouse building, adding to its footprint at 5785 S. Belvedere Ave., in Tucson.

David Blanchette, CCIM, of the Tucson office of NAI Horizon, has been retained to provide brokerage services.

FLANDERS currently operates a 10,000 SF repair facility off of Interstate 10. The addition is the second phase of an expansion that will include another 10,000 SF building.

The new building will include 4,500 SF of warehouse space and 2,250 SF of office space that will allow for expansion of shop capabilities in the existing building.

“With this expansion of our Tucson Regional Service Center, we will be able to offer additional repair and service capabilities for our local customer base,” said Josh Jones, Director of the Tucson and Mexico Regional Service Center. “We’re thrilled to be working with the Tucson office of NAI Horizon as we continue to grow.”

Improvements include paving, a concrete slab for the third phase, and the extension of a Southwest Gas line to the property. Estimated construction cost of the building and improvements is $750,000. Completion date is August or September of 2018.

“FLANDERS is a great example of Tucson’s growing Industrial base that services the mining industry,” Blanchette said. “This addition is a win-win for both the tenant and the landlord who believe in FLANDERS’ success and its commitment to Tucson as its Southwestern base.”

Other team members on the project include Greg Carlson Engineering and Jim Watson Architects.

Headquartered in Evansville, Indiana, FLANDERS is a privately owned and operated company specializing in the innovative design, manufacturing, and service of the motors, generators, controls, drives, and automation systems used in heavy industry equipment.

 

by Aug 29, 2017
Wild Horse Pass Development Authority names Lisa Gonzales Real Estate Leasing Manager

Wild Horse Pass Development Authority names Lisa Gonzales Real Estate Leasing Manager

News & Updates

 

     PHOENIX, Ariz. (August 29, 2017) – The Wild Horse Pass Development Authority (WHPDA) has named Lisa Gonzales as its Real Estate Leasing Manager.

Gonzales will be responsible for leading WHPDA’s efforts to lease lands within the Wild Horse Pass Development area, which totals more than 3,000 acres. She will advise WHPDA regarding the establishment of competitive target lease rates and leasing strategies based on comparable economic and demographic data.

She will also assist with identification of strategic long-term land-use objectives in order to achieve complementary and cohesive land uses while maximizing lease income. Gonzales will take the lead in representing WHPDA through appropriate local and regional real estate channels and will assist with lease/development proposal analysis and lease negotiations.

Gonzales previously worked as Vice President at NSD Holdings, where she responsible for a two-state, multi-building portfolio of office, industrial, retail, and medical tenants. She managed the day-to-day operations of all assets as well as in-house management and leasing.  Prior to that she was with what is now CBRE, working in San Diego and Las Vegas specializing in office leasing and sales.

The Wild Horse Pass Development Area is a +/- 3,300-acre, master-planned commercial development located at I-10 and Wild Horse Pass Boulevard adjacent to Phoenix and owned by the Gila River Indian Community.

Wild Horse Pass includes the Wild Horse Pass Hotel and Casino, the Sheraton Grand Resort, the Whirlwind Golf Club, Rawhide, the Wild Horse Pass Motor Sports Park, and Phoenix Premium Outlets.

by Aug 29, 2017
The fix is in: How to navigate the maze of home warranty service contracts

The fix is in: How to navigate the maze of home warranty service contracts

News & Updates

Oh, the joys of home ownership. The lists of “pros and cons” have numerous authors, but there are ways to manage some of the cons, such as dreaded home repair responsibilities.

If you graduated from the role of tenant to homeowner, you have experienced the dreaded home repair burdens. All homeowners are bombarded with information on the “benefits” of a home warranty service contract to manage the list of home repairs common to home ownership.

This group of contracts is regulated in different ways by each state insurance department or commissioner.  The National Association of Insurance Commissioners has a link to help you identify whether your state regulates these contracts and how to ask for help.

Whether you should invest in a home warranty contract is a personal choice and definitely not an easy decision. Here’s some background information.

A home warranty agreement is not a homeowner insurance policy, which is to manage the risk of loss for sudden and unexpected property damage. Companies selling home warranty services promote their service as similar to the advantage of having a landlord that handles the repairs for a rental property. Unfortunately, the reality of a home warranty agreement falls short of this experience and will test your patience and wallet. Some of the anecdotal stories for poor consumer experience  with home warranty services include:

  • Sample contracts in marketing materials that are substantially different from the contracts consumers are asked to sign.
  • Sample contracts on a web page that are impossible to read without magnification.
  • Contracts that limit coverage on appliances based on their “manufacturer’s life” expectancy.
  • Home warranty services with limited qualified licensed technicians available to address repairs causing the consumer to experience long delays in service calls, or inexperienced technicians sent to complete “repairs” that require multiple visits.
  • In addition to the cost of the home warranty contract, charging multiple service fees for each technician’s visit.
  • Difficult or impossible to cancel a contract.
  • The home warranty company requires maintenance history on appliances/systems/structures that were on previously accepted for coverage
  • Subjective and arbitrary standards used to determine what portion of an appliance/system/structure is covered for service

In addition to contacting your state insurance department/commissioner to confirm whether the company is licensed and in good standing in your state, here are a few other things to do when considering a home warranty service contract:

  1. Read your contract before committing/signing any documents and don’t deal with a company that wants to rush a contract. Any “urgency” should trigger warning alarms.
  2. Check with the Better Business Bureau or other consumer protection networks to see if the company is in good standing.
  3. Even if you have a home warranty contract, continue to conduct regular maintenance on your appliances/systems/structures.
  4. Set aside emergency funds to cover those repair/replace expenses not covered by the home warranty service to manage the costs of the repairs not covered under the home warranty contract.
  5. Most home warranty agreements require a minimal service fee, in addition to the contract costs. If the work requires multiple visits, you may be charged for each visit.
  6. Build your own contact list of licensed and reputable repair technicians based on your list of reliable referrals through family, friends, and networks to help with maintenance and to perform repairs not covered by the home warranty agreement, or if you need immediate help for emergency repairs.
  7. Confirm that the home warranty contract covers any unique appliance/fixture/construction that requires special treatment.
  8. Consider whether you have limited resources available to help with repairs or are new to an area and have limited contacts for licensed and reliable technicians.

Some consumer groups openly discourage consumers from buying a home warranty agreement and encourage paying into your own home repair savings plan. You have more discretion on how to use the money and what technician performs repairs to manage costs.

Finally, if things go wrong with the home warranty company, where do you go for help? Always review the contract as a first step. If there is a mediation or arbitration provision, you may want to pursue that option as the fastest way to get help. Also, check with your Better Business Bureau (“BBB”), department of insurance or commissioner, or state attorney general’s office for assistance.

In researching information about home warranty agreements, you may find the information too overwhelming to make a knowing decision. I recommend the following websites as a humble start for your research to determine whether a home warranty fits your needs.  After you do your homework you may decide a different repair strategy provides you peace of mind when managing home repairs.

http://www.naic.org/documents/consumer_alert_moving.htm

http://www.reviews.com/home-warranty/

https://household-tips.thefuntimesguide.com/home_warranties/

https://www.consumerreports.org/cro/news/2014/09/why-you-should-avoid-home-warranties/index.htm

https://www.angieslist.com/articles/why-home-warranties-are-no-guarantee.htm

Yvonne R. Hunter is a licensed attorney and the Principal Consultant for YH Strategies, LLC, in Phoenix, Ariz. After a stint with the Arizona Department of Insurance, she learned that many consumers remain unaware of some of the issues associated with insurance products. This blog reflects her opinion and should not be regarded as legal advice. She encourages consumers interested in learning more about their own insurance experience to contact their state department of insurance or insurance commissioner or seek advice from an attorney. If you would like additional information on matters dealing with consumer insurance products, you can reach Yvonne at yrhunteraz@gmail.com

by Aug 29, 2017
NAI Horizon inks long-term leases for trio of Planet Fitness locations

NAI Horizon inks long-term leases for trio of Planet Fitness locations

News & Updates

    PHOENIX, ARIZONA (August 28, 2017): NAI Horizon has negotiated long-term leases totaling $8.749 million for Planet Fitness locations in Tempe, Phoenix, and Peoria.

The NAI Retail Properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, JEG-FIT, in the trio of transactions.

The team has negotiated additional long-term leases for other Planet Fitness locations this past year in Phoenix, Surprise, Queen Creek, Gilbert, and Maricopa.

“Planet Fitness has a great business model that caters to a broad range of demographics and with that model in place we were able to solidify a few transactions in areas of the Valley that are underserved,” Tworek said.

The three recent deals:

  • At Greenway Park Plaza, 3202 E. Greenway, Rd., Phoenix, 22,888 square feet, $3.776 million;
  • At Tempe Village Shopping Center, 1405 W. Southern Ave., Tempe, 22,664 SF, $2.941 million;
  • At Fletcher Heights Marketplace, 20713 N. 83rd, Peoria, 22,899 SF, $2.031 million.

Planet Fitness continues to actively look for additional sites in Metro Phoenix.

 

 

by Aug 28, 2017
NAI Horizon recent deals: sale of CVS, new Mill Avenue eatery

NAI Horizon recent deals: sale of CVS, new Mill Avenue eatery

News & Updates

     PHOENIX, ARIZONA (August 23, 2017) – Recent transactions closed by NAI Horizon professionals in the Phoenix office.

Sale Transactions:

Barbara Lloyd and Lane Neville negotiated the sale of an 11,946-SF retail property leased to CVS, representing the buyer, Michael S. and Mary M. Cho Trust, for $4.444 million. The property is located at 2500 N. Dobson Rd., Chandler, AZ. Brad Richardson of Stan Johnson Companies represented the seller, Babytail III, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 5-acre mobile home property, representing the seller, Michael S. and Mary M. Cho Trust, for $4.05 million. The property is located at 1707 E. Apache Blvd., Tempe, AZ. Jeff Ferenz of Jeffrey Alan Adam, Inc., represented the buyer, 2075 Cottonwood Office, LLC.

Denise Nunez in partnership with Kris Wessel of NAI Martens negotiated the sale of a 93,610-SF self-storage property, representing the seller, R.D. Wood Revocable Trust & B.J. Wood Revocable Trust, for $3.85 million. The property is located at 3150 E. Reno Ave., Oklahoma City, OK. Adam Slovis of Slovis & Associates, LLC, represented the buyer, Tower Ventures CRE, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon negotiated the sale of a 5,735-SF property, representing the buyer, EPH 14, LLC, for $1.45 million. The property is located at 9455 E. Ironwood Square Dr., Scottsdale, AZ. Zak Kottler of Levrose Real Estate represented the seller, Layfield V, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 7,558-SF retail property, representing the buyer, GGR Holdings, Inc., for $1.3 million. The property is located at 4024 E. Guadalupe Rd., Gilbert, AZ. Judi Butterworth and Lacey Eyman of Orion Investment Real Estate represented the seller, Recker-Highland Corner, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 1-acre, build-to-suit property, representing the buyer, KJBD Properties, LLC, for $600,000. The property is located east of the SEC of Queen Creek Rd. and Power Road, Gilbert, AZ. Mike Ord of DL Slaughter represented the seller, LDR Queen Creek & Power, LLC. LGE is the general contractor and has already broken ground on the property.

Jeff Adams negotiated the sale of a 2,550-SF industrial property, representing the buyer, Falcon Airpark, LLC, for $350,000. The property is located at 460 E. Warner Road, Chandler, AZ.

Lease Transactions:

Patrick Anthon represented the tenant, Varsity Tavern, in a 120-month retail lease for 10,925 SF at 501 S. Mill Ave., Tempe, AZ. Brian Gast with Velocity Retail Group represented the landlord, Century Drive Investments, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 124-month lease for 25,700 SF at 4913 W. Bell Rd., Glendale, AZ. Tim Westfall and Ryan Maroney of Newmark Grubb Knight Frank represented the tenant, American Freight of Tennessee, LLC.

Richard Foss represented the landlord, Chong Im Cho, in a 62-month industrial lease for 13,430 SF at 211 W. Vaughn Dr., Tempe, AZ.

Jeff Adams represented the tenant, Source Direct Imports, LLC, in a long-term lease for 15,893 SF at 4750 S. 32nd St., Suite 101, Phoenix, AZ. Eric Bell, Mike Ciosek and Dylan Scott of Kidder Mathews represented the landlord, 32nd Street & Weir, LLC.

Matt Harper represented the tenant, IC Wheels, LLC, in a 37-month lease for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. Mark Lewis of Luke Land Realty represented the landlord, Grand Ave. Station, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, Nowrooz Limited Partnership, in a 39-month retail lease with Scorpion CrossFit for 3,796 SF at 155 E. Ray Rd., Suites 4, 5, and 6, Chandler, AZ.

Tyler Smith represented the landlord, Surprise Mountain, LLC, in a 38-month office lease for 1,477 SF at 14780 W. Mountain View Blvd., Surprise, AZ. Megan McNulty of Morrow Hill represented the tenant, Fairway Independent Mortgage Corporation.

Jeff Adams represented the tenant, Two Three Media, LLC, in a 3+ years industrial lease for 145 E. Comstock Drive, Chandler, AZ. Jackie Orcutt and Jeffrey Wentworth of CBRE represented the landlord, BKM AZ Corp 108, LLC.

Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 1,904 SF at 2403 N. Pebblecreek Parkway, Goodyear, AZ. Hani Aldulaimi of KW Commercial represented the landlord, Sacred Spaces, LLC.

 Richard Foss represented the landlord, Andre Horga, in a 26-month lease for 5,675 SF at 1334 E. Van Buren St., Phoenix, AZ.

Matt Harper represented the landlord, Zhang Family Trust, in a 40-month retail lease for 1,188 SF at 2850 N. 107th Ave., Avondale, AZ. Erick Salcido of US Preferred Real Estate represented the tenant, Johnny’s Barbershop, LLC.

Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease for 3,720 SF at 9501 W. Peoria Ave, Suites 108-110, Peoria, AZ.

Matt Harper represented the landlord, Puchhi, Inc., in a 13-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Suite 105 and 106, Peoria, AZ.

 

 

by Aug 23, 2017
NAI Horizon negotiates long-term lease for Biscuits Cafe

NAI Horizon negotiates long-term lease for Biscuits Cafe

News & Updates

    PHOENIX, ARIZONA (August 21, 2017): NAI Horizon has negotiated a long-term lease worth $1.479 million for Biscuits Café at Terrazza Center, 24874 N. 67th Ave. in Peoria, Arizona.

The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Biscuits Café, Inc. of Portland, Oregon.

“Being so close to Christ’s Church of the Valley, the owners felt it would provide excellent exposure for their concept, in a very underserved area of the Valley,” Gerow said.

Biscuits Café is in four states and now five Arizona cities: Peoria, Chandler, San Tan Valley, Surprise, and Glendale. Owners Ed and Barbara Preston have been in the restaurant business since 1968.

Biscuits Café will take 4,300 square feet at Terrazza Center. The landlord is N&I Development, LLC of Newport Beach, California.

 

 

 

by Aug 21, 2017
$200K sale of wine store highlights NAI Horizon Tucson deals

$200K sale of wine store highlights NAI Horizon Tucson deals

News & Updates

     TUCSON, ARIZONA (August 16, 2017) – Recent deals negotiated by the NAI Horizon Tucson office.

  • Leases

 RETAIL: 250 S. Craycroft Rd., Suite 140, Tucson. Tucson Coffee Roasters leased 1,628 SF of retail space from 250 S. Craycroft; Ben Craney, Phil Skillings and Andrew Sternberg with NAI Horizon represented the landlord. Jeramy Price with Volk Company represented the tenant.

 RETAIL: Block 4, Marana Main Street, Marana. JB Restaurants IV LLC leased 2,600 SF from Marana Main Gate North, LLC. Scott Soelter and Ben Craney with NAI Horizon represented the landlord. Pete Villaescusa with CBRE represented the tenant.

RETAIL: 3951 W. Costco Dr., Suite 125, Marana. Our Play Place leased 1,803 SF of retail space at 3951 W. Costco Dr., Suite 125, in Marana from Ghost 21, LLC. Dave Dutson and Ben Craney of NAI Horizon represented the landlord.

INDUSTRIAL: 4221 S. Santa Rita, Suite 101, Tucson. RB Becken, Inc. dba Jan Pro leased 3,114 SF from the Ronald W. Brown Trust. David Blanchette, CCIM, of NAI Horizon represented the tenant. Jeff Zellet with PICOR represented the landlord.

  • Sale

 RETAIL: 3063 N. Alvernon Way, Tucson. CataVinos Wine Shoppe at 3063 N. Alvernon Way sold for $200,000 to Bronco Auto Repair. The building is 1,880 SF. Gordon Wagner from NAI Horizon was the only agent involved in the transaction.

 

 

 

 

 

 

 

by Aug 16, 2017
CoreNet Global Arizona Explores Internet of All Things

CoreNet Global Arizona Explores Internet of All Things

News & Updates

  

      PHOENIX, ARIZ. (August 16, 2017) – The Internet has changed how industry – including the commercial real estate community – conducts business.

At its next three events, CoreNet Global Arizona will explore how a connected world is transforming its interaction with the workforce.

Part I, Transportation, is scheduled for Thursday, August 24, at Phoenix Country Club, 2901 N. 7th St.

Panelists include Mike Medici, President and Managing Partner, SmithGroupJJR; Kathy Knoop, Principal Environmental Scientist, Electric Transportation, Salt River Project; and Kari Hartman, Business and Real Estate Advisory Services, Keyser.

The panel will explore changes in transportation paradigms and how they affect the built environment and workplace design.

The event begins at 11:30 a.m. Registration is $35 for CoreNet Global Arizona members and $70 for non-members. To register go to arizona.corenetglobal.org.

Part II, Office & Smart Buildings, is scheduled for Sept. 28; Part III, Cyber Security, is scheduled for Oct. 26

by Aug 16, 2017
NAI Horizon Tucson office negotiates $1.14M retail deal on 4th Avenue

NAI Horizon Tucson office negotiates $1.14M retail deal on 4th Avenue

News & Updates

 

    TUCSON, ARIZONA (August 15, 2017) – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194.08/SF) acquisition of a 5,874-SF retail property at 522 N. 4th Ave., in Tucson.

NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of RE/MAX Alliance Group represented Avtar C. Verma of Paradise Valley, Ariz., the buyer.

“Over the past three years we have seen a steady increasing interest in the 4th Ave. entertainment corridor for investors and local merchants,” Blanchette said. “With the completion of the Light Rail Modern Street Car and the massive infusion of capital to the Downtown Tucson renaissance, 4th Avenue is ready for its own resurgence.

“Successful restaurants and merchants are expanding like Boca Tacos and Lindy’s, and Creations Boutique, which is owned by Mr. Verma. I expect to see 4th Avenue expand its diverse and eclectic mix of restaurants, shops, and clubs to meet the growing downtown population,” Blanchette said.

 

 

 

 

 

by Aug 15, 2017
NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

News & Updates

    PHOENIX, ARIZONA (August 14, 2017) – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million sale of Reno Avenue Self Storage in Oklahoma City.

Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of Slovis & Associates represented the buyer, a limited liability company from Memphis, Tennessee.

“It was a pleasure working with NAI Martens,” Nunez said. “The NAI partnership allowed the seller the comfort of working with someone they trusted who had local expertise while benefiting from the national exposure and expertise that my self-storage team was able to provide.

“The property was marketed utilizing the full resources of the NAI platform. The effort produced several offers and the seller and buyer commented on how pleased they were with the smooth close,” Nunez said.

Reno Avenue Self Storage sits on 5.37 acres and is well located near the I-35 and the I-40 freeways in Oklahoma City. It comprises 93,610 square with 577 units. It is the only facility within a 3-mile radius that offers climate controlled units.

 

 

by Aug 14, 2017