NAI Horizon negotiates $8.55M, long-term lease for luxury food supplier at local commerce park

NAI Horizon negotiates $8.55M, long-term lease for luxury food supplier at local commerce park

News & Updates

by | Apr 11, 2023 | News & Updates

     PHOENIX, ARIZONA (April 11, 2023) – A purveyor of luxury food supplies to the hotel and restaurant industries is expanding its warehouse and cold storage space by taking 46,339 SF at 3717 W. Washington St., in Phoenix, in the Reywest Commerce Park.

NAI Horizon Executive Managing Director Isy Sonabend and Associate Drew Eisen represented The Chef’s Warehouse West Coast LLC of Phoenix and Ridgefield, Connecticut, in a long-term lease valued at $8.55 million.

The Chef’s Warehouse is a purveyor and curator of the world’s finest specialty foods, supplies, and ingredients for fine dining at hotels, restaurants, country clubs, and fine food stores. The supplier is moving out of a smaller warehouse in Tempe.

“Culinary should be added to the ‘5 Cs’ that once described Arizona’s economic drivers. The hospitality industry is back to pre-pandemic levels, and the Arizona culinary experience is soaring, enhanced by the variety of premier food products and ingredients sourced by The Chef’s Warehouse,” Sonabend said. “This larger space will add to its already noteworthy presence in the Valley.”

This property at 3717 Washington St., in Reywest Commerce Park, was built in 1991 and renovated in 2012. It features cold storage warehousing with cold loading dock and a large secure truck court.

The landlord, CPT Condor Washington LLC of Costa Mesa, California, was represented by Phil Haenel of Cushman & Wakefield.

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 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and consistently delivering 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, logistics consulting, and related advisory services.

To learn more, visit www.naiglobal.com.

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by Apr 11, 2023
NAI Horizon facilitates $4.5M disposition of Oro Valley building that will be a community center

NAI Horizon facilitates $4.5M disposition of Oro Valley building that will be a community center

News & Updates

by | Apr 6, 2023 | News & Updates

     PHOENIX, ARIZONA (April 6, 2023) – The residents of Sun City Oro Valley are beneficiaries of a new community center, thanks to a sale facilitated by NAI Horizon.

First Vice President Michael Gaida represented the seller, Oro Valley Holdings, LLC, in the $4.5 million disposition of the Copper Health Oro Valley property at 1119 E. Rancho Vistoso Blvd., in Oro Valley.

The buyer was the Sun City Oro Valley Community Association.

The seller was in contract negotiations with a national skilled nursing operator for several months that never materialized in a sale, Gaida said. The ownership group decided to shutter the business, transfer patients, and sell the real estate alone.

There was immediate interest in the real estate from several rehabilitation operators looking for space. Sun City Oro Valley was land-locked on commercial building space, making the property that much more attractive.

“Mark Wade, General Manager of the community association, had been actively seeking properties that could be used as a civic center for activities; this property and layout fit perfectly for the needs of the neighborhood association,” Gaida said. “Mark had stiff competition. There were three other active buyer letters of intent to purchase within the first two weeks of listing. Mark came through for his community and neighbors.”

The building, which served as a skilled nursing and rehabilitation facility, totals 22,260 SF.

 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 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.

To learn more, visit www.naiglobal.com.

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by Apr 06, 2023
Directors of preconstruction and multi-family join Big-D Construction’s Southwest office in Arizona

Directors of preconstruction and multi-family join Big-D Construction’s Southwest office in Arizona

News & Updates

by | Apr 4, 2023 | News & Updates

     TEMPE, ARIZ. (April 5, 2023) — Big-D Construction Southwest is proud to announce it has expanded its presence in Arizona with the hiring of a director of preconstruction and a director of multi-family.

The general contracting firm hired industry experts Rod Miller as director of preconstruction and Theresa Schultz as director of multi-family.

Miller will be responsible for assisting the preconstruction team to serve Big-D Construction clients in the early stages of a project. This includes pricing, scheduling, and assisting design teams in conjunction with its trade partners.

Schultz will serve as director of Big-D Construction’s multi-family construction operations teams.

“Rod and Theresa bring large-project, development-minded experience to our rapidly expanding team,” said Big-D Construction Vice President Laura Shivers, LEED AP. “They exemplify a ‘uniquely helpful’ approach to work and life in general. We are excited that they chose Big-D.”

Miller previously worked at Ryan Companies US for 7 years where he served as director of preconstruction and preconstruction manager.

A native of El Salvador, Miller grew up in California and New Jersey. He holds a BS in construction management from Arizona State University. He is a member of the Arizona Builders Alliance (ABA). He and his wife give back to the community by helping refugees through several non-profit organizations in the Valley.

Schultz previously worked at Ryan Companies US for 8 years, and at Opus West Corporation for 12 years. She served as senior project manager and director of construction at Ryan. Schultz served as project manager and director of construction at Opus West.

A native of Chicago, Schultz grew up in St. Louis. She earned a BS in architectural engineering from Kansas University and a master’s degree in construction management from Washington University in St. Louis.

 

About Big-D Construction Southwest

Located in Tempe, Arizona, Big-D Southwest is part of the Big-D family of companies, one of the largest groups of contractors in the United States. Originally operating as the subsidiary Johnson Carlier, Big-D Southwest specializes primarily in large commercial projects. Focusing on the company’s core values – Respect, People, and Truth – all Big-D regional offices work to enrich the lives of customers, consultants, employees, and its community. For more information, please visit www.big-d.com.

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by Apr 04, 2023
Terracon Consultants announces leadership appointments of Principal, 2 Senior Principals

Terracon Consultants announces leadership appointments of Principal, 2 Senior Principals

News & Updates

by | Apr 4, 2023 | News & Updates

TEMPE, ARIZ. (April 4, 2023) – Terracon Consultants, Inc. is proud to announce it has appointed Joseph A. Phillips, P.E., and Ramon Padilla, P.E. as Senior Principals and Jennifer Tran, P.E. as Principal of the firm.

Terracon’s principal program is designed to recognize and reward employees whose leadership helps fulfill the firm’s “purpose of exploring beyond the surface” commitment as a leader on safe, profitable growth while modeling Terracon’s core values. The role of a principal includes significant contribution beyond “daily responsibilities” in terms of leadership in advancing the company in areas such as technical capability, client experience, employee experience and community.

Tran is a Senior Project Manager in Terracon’s Avondale office with more than 17 years of experience in geotechnical engineering and design. She had a leading hand in establishing Terracon’s Avondale office in 2018 and continues to support office management.

Tran has more than 13 years of experience in a variety of pavement engineering projects including pavement evaluation in accordance with ASTM D-6433 and PASER, and design and construction of new pavements. Tran is a Terracon National Account Manager for two major retail chains managing their pavement management programs. She has also been instrumental in the development of Terracon’s new Pave-AI Technology.

Joseph Phillips P.E.

Phillips possesses more than 38 years of technical and management experience in the construction materials and engineering industry. As a Senior Pavement Materials Consultant, he supports projects throughout the United States. His experience includes significant project work in pavement design, including highways, airports and military pavements.

Phillips also specializes in materials engineering, quality assurance and quality control, materials testing, and advanced pavement analysis and consulting. He has been extensively involved in providing standard and mechanistic pavement analysis, forensic investigations and materials engineering to a variety of projects throughout the U.S.

Ramon Padilla P.E.

Padilla has more than 20 years of professional experience on a wide variety of projects mainly in Arizona. He is the Geotechnical Department Manager for the Phoenix office and supports a team of 16 geotechnical professionals.

His experience includes geotechnical investigations and studies for county, municipal, and state projects, bridge and roadway-related structures, federal/military facilities, renewable energy structures, forensic evaluations, embankments, slopes, infrastructure, and commercial and industrial developments.

“Terracon prides itself on employing the best and brightest,” said Brent M. Borchers, Arizona Regional Manager and Phoenix Office Manager. “These promotions are an example of elevating those who are part of our team and exemplary company culture.”

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About Terracon

Terracon is an employee-owned multidiscipline consulting firm comprised of more than 6,000 curious minds focused on solving engineering and technical challenges from more than 175 locations nationwide. Our talented employee-owners provide on-time and real-time data driven insights to create an unmatched client experience that spans the lifecycle of any project, any size, anywhere. ​Terracon consistently ranks as a top 25 design firm by Engineering News-Record. Start to explore with us by visiting terracon.com.

by Apr 04, 2023
Mosaic Management celebrates memory care community opening with Easter Egg Hunt

Mosaic Management celebrates memory care community opening with Easter Egg Hunt

News & Updates

by | Apr 3, 2023 | News & Updates

     SURPRISE, ARIZ.  (April 4, 2023) – Mosaic Management Inc., an Oregon-based leader in senior living, is celebrating the opening of one of its three memory care communities in the Valley with an Easter Egg Hunt Saturday at Mosaic Gardens of Surprise.

Mosaic acquired three communities from Avenir Senior Living, Mosaic Gardens of Surprise, Mosaic Gardens of Scottsdale, and Mosaic Gardens of Chandler. Saturday’s event will be held at 16465 N. Parkview Place, in Surprise.

“Our core principles of service, empowerment, improvement, engagement, stewardship, and perseverance align with our core values of fun, attitude, integrity, teamwork, honesty, and effort,” said Mosaic President and CEO Doug Sproul. “Mosaic is all about community. By sponsoring the Easter Egg Hunt, we want to be a part of the community and emphasize community by giving back.

“Mosaic communities offer the finest memory care in a unique neighborhood-like environment with our residents as the top priority. The care services are tailored to each resident’s individual needs,” Sproul said.

Mosaic Management, Inc., based in Salem, Oregon, provides consulting services for all phases of development and construction of senior housing accommodations. With more than 20 years of experience in all aspects of development, design, renovation, construction, programming, and management of senior housing, Mosaic is an industry leader.

Sproul began his career in the senior housing industry in 1985. He has served as President and CEO of a large construction and excavation company that had annual gross revenues in excess of $50 million. In November 2009 he formed Mosaic Management Inc. and serves as its President and CEO. He holds the same titles with Mosaic Construction Inc.

In the past two decades, Sproul has been involved in the design, construction, and renovation of more than 150 different senior housing communities. Having worked on projects in more than 40 states, he is familiar with many different jurisdictional and design elements specific to different regions of the country.

Missy McAllister is Mosaic’s Director of Community/Business Operations. She is an experienced senior living professional with 18 years in the senior housing industry as a strategic team leader. She has supervised regional teams in Arizona, Oregon, New Mexico, Nevada, Idaho, Nebraska, California, and Texas.

Saturday’s Easter Egg Hunt at Mosaic Gardens at Surprise is from 10 a.m. to 11:30 a.m. Bring a can of food to donate to St. Mary’s Food Bank for a chance to win a $300 Fry’s gift card. RSVP to Nicole Carlson at nicole.carlson@mosaicms.com.

For more information about Mosaic Management visit mosaicms.com.

The exterior of Mosaic Gardens of Surprise 16465 N. Parkview Place, in Surprise.

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by Apr 03, 2023
Pivotal economic development topics, Arizona’s ‘space economy’ on tap as AAED announces schedule for 2023 spring conference in Tucson

Pivotal economic development topics, Arizona’s ‘space economy’ on tap as AAED announces schedule for 2023 spring conference in Tucson

News & Updates

by | Mar 30, 2023 | News & Updates

    PHOENIX, ARIZ. (March 30, 2023) — Infrastructure, site selection and clean energy, building an entrepreneurial ecosystem, and practical housing solutions are just a few of the topics that will be covered as the Arizona Association for Economic Development (AAED) announced the schedule for its annual spring gathering.

The AAED Spring Conference, “Sun, Sand & Success,” is scheduled for April 26-28 at Loews Ventana Canyon Resort & Spa in Tucson.

The three-day conference kicks off on April 26 with the annual golf tournament in the afternoon at the Ventana Canyon Club & Lodge and an opening reception.

Kiah Erlich, Head of Astronaut Sales and Corporate Partnerships for Blue Origin, opens the first full day of the conference with a keynote address, “Sun, Sand, and Arizona’s Space Economy.” Erlich will explain how Blue Origin is affecting tourism in the space industry and how it can benefit Arizona’s economy.

Erlich has spent most of her career in the aerospace industry having led multiple $300 million-plus avionics and software businesses for Honeywell Aerospace, including several acquisitions. Three years ago, she was offered a once-in-lifetime opportunity to pivot her career and join the space industry as the Director of NASA sales for orbital launch.

Morning panel discussions include implementing job quality and building the future, infrastructure, and economic development. Scheduled to give the keynote lunch address is Sandra Watson, President and CEO of the Arizona Commerce Authority.

Afternoon sessions include a look at emerging research tools and technologies as they relate to the future of economic development; practical housing solutions for economic developers; and building an entrepreneurial ecosystem.

Each year AAED honors significant contributions to the advancement of the organization and economic development within the state. The Economic Development Distinguished by Excellence (EDDE) Awards banquet will serve as the evening’s highlight. Established by AAED members to recognize the outstanding work of their peers, the event is sponsored by the Greater Phoenix Economic Council (GPEC).

The final day of the conference wraps up with a discussion on site selection and clean energy economic development, and the annual membership meeting.

Registration fee is $595 for AAED members; $695 for non-members. Register here.

The conference Title Sponsor is the City of Goodyear. The Diamond Sponsor is the Yavapai College Regional Economic Development Center.  Platinum Sponsors are the Town of Queen Creek, Terracon, the City of Peoria, Tech Parks Arizona, and Upfront Planning & Entitlements, Inc.

 About AAED

The Arizona Association for Economic Development (AAED) was founded in 1974 with a mission to serve as Arizona’s unified voice for responsible economic development through professional education, public policy, and collaboration. The Association works to promote economic development in the State of Arizona through an exchange of information and educational opportunities among its members, to act as a liaison with outside groups, to influence legislation affecting economic development, and to empower members to create relationships to improve the economic outlook for Arizona. For more information on AAED, visit aaed.com or call (602) 240-2233.

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by Mar 30, 2023
Investment specialist Edward Milton joins NAI’s National Self-Storage Investment Group

Investment specialist Edward Milton joins NAI’s National Self-Storage Investment Group

News & Updates

by | Mar 22, 2023 | News & Updates

     PHOENIX, ARIZONA (March 22, 2023) – NAI Horizon Principal Denise Nunez announced that Edward Milton, an investment sales specialist since 2015, has joined the NAI National Self-Storage Investment Group in Seattle and will represent buyers, sellers, and developers of self-storage facilities throughout the Pacific Northwest.

Concurrently, Milton has joined NAI Puget Sound Properties in Seattle and is licensed with the firm.

Milton is a knowledgeable and trusted real estate investment advisor specializing in the acquisition, sales, and development of self-storage facilities. He has worked in various aspects of investment property sales. More recently he started to specialize in self-storage properties, including facilitating a self-storage property sale in Bend, Oregon, that totaled nearly 23,000 SF with 146 units for $4.2 million.

“Bringing Edward Milton on is a great expansion for the National Self-Storage Investment Group as the Pacific Northwest has increasingly become a very active region in the self-storage industry with private owner/investors, family-run self-storage operators, developers that specialize in the niche, and the public REITs that invest exclusively in self-storage,” Nunez said.

Nunez, a Principal with NAI Horizon, is based in Phoenix and is the Executive Managing Director of the National Self-Storage Investment Group. She has worked in the self-storage industry for more than two decades and has closed transactions in more than a dozen states.

She is actively building out a national self-storage practice under the NAI Global brand. New York-based NAI Global is one of the most recognized brands in commercial real estate and operates more than 300 offices worldwide with more than 5,100 professionals. Annually, the company generates more than $20 billion in transaction fees and commissions.

In the coming months, Nunez added, she will announce additional members to her nationally focused self-storage team, and in different regions of the U.S.

Prior to moving to Seattle in 1995, Milton graduated from St. Lawrence University in Canton, New York, in the top 2 percent of his class with a double major in environmental studies and psychology. While attending college, he played Division III football and track and field. He also served as the president of his pledge class for Sigma Alpha Epsilon. Away from work, Edward enjoys traveling, hiking, and spending time with his seven children and beautiful wife.

About National Self-Storage Investment Group

Prior to getting licensed to sell real estate, Denise Nunez was a media publisher in the self-storage industry. Once she shifted her career focus to real estate, specializing in self-storage investment advice and sales was complementary to her life and work experience, and it was only a few years before she became one of the top-producing brokers in the Southwest, regardless of property sector. Her grasp, understanding and knowledge of the financial aspects of self-storage development and investment sales are key to her success, and she is the most sought-after expert to help developers, owners, and investors with strategic insights, valuations, and market competition. In addition to sales and acquisitions, the National Self Storage Investment Group advises developers on new, ground-up projects, performs broker opinions of value, works with value-add opportunities, creative positioning, 1031 and 721 Exchanges, and marketing properties to stabilization. Contact Denise Nunez, a Principal with NAI Horizon and the Executive Managing Director of the National Self Storage Investment Group at 602.697.8869 or denise.nunez@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 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.

To learn more, visit www.naiglobal.com.

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by Mar 22, 2023
NAI Horizon negotiates $8M, long-term lease for national electrical supply company in Phoenix

NAI Horizon negotiates $8M, long-term lease for national electrical supply company in Phoenix

News & Updates

by | Mar 21, 2023 | News & Updates

    PHOENIX, ARIZONA (March 21, 2023) – A national supplier of electrical supplies to electrical contractors increased its footprint in the Valley by leasing 138,000 SF at Reywest Industrial Park in Phoenix.

NAI Horizon Executive Managing Director Isy Sonabend and Associate Drew Eisen represented Elliott Electric Supply of Nacogdoches, Texas, in a long-term lease totaling $8 million at 121 S. 39th Ave.

Elliott Electric was a tenant at 121 S. 39th Ave., in Phoenix in 65,000 SF of industrial space. With the new lease, Elliott Electric expanded to 138,000 SF and extended its lease for 7 years.

“This lease represents Elliott Electric’s continued commitment to growing its brand in Arizona,” Sonabend said. “As well, it indicates the ongoing construction machine in Arizona. This is a unique family-owned business run by patriarch Bill Elliott, who just celebrated his 85th birthday, by being at work, on time, as always.”

NAI Horizon has also represented Elliott Electric in four “satellite” sites around the Valley the past five years. Each satellite is approximately 15,000 SF and is stocked with product from the distribution center of 138,000 SF.

Elliott Electric Supply was established in 1972 in Nacogdoches, Texas, and has grown to more than 170 locations in Texas, Arizona, Louisiana, Arkansas, Oklahoma, New Mexico, Georgia, Kansas, Tennessee, Missouri, and Colorado. It is a leading distributor of electrical and industrial automation supplies.

Don MacWilliams with Colliers International represented the landlord, Sieroty, DBA Eastern Columbia Properties.

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 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services. To learn more, visit www.naiglobal.com.

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by Mar 21, 2023
Residential development site sells in Yavapai County; plans call for a build-to-rent community, bringing new housing inventory to Verde Valley

Residential development site sells in Yavapai County; plans call for a build-to-rent community, bringing new housing inventory to Verde Valley

News & Updates

by | Mar 10, 2023 | News & Updates

Prescott office of Land Advisors Organization facilitates deal for 26.63 acres at SEC of Highway 260 and Homestead Parkway in Camp Verde.

Prescott, Ariz. (March 10, 2023) – Camp Verde Land Holdings III, LLC, a developer of rental and affordable housing, purchased 26.63 acres in Yavapai County’s Opportunity Zone, with plans for a build-for-rent community and a commercial component.

 Capri Barney with the Prescott, Arizona, office of Land Advisors Organization represented the seller, Verde Valley Holding Company LLC in the disposition of the property at the SEC of Highway 260 and Homestead Parkway, located in Camp Verde, Arizona. Verde Valley Holding Company has two additional land parcels in its portfolio that remain for sale in the Opportunity Zone.

“The Verde Valley in general has a lack of housing inventory, and particularly a lack of affordable housing,” Barney said. “Unlike many municipalities that resist the rezoning of properties to allow for higher density and affordability, the Town of Camp Verde has been willing to allow the development of higher density projects to help fill the housing needs of the members of their community.”

The flexible C-2 zoning of the property purchased by Camp Verde Land Holdings III, LLC allows for a broad range of business and residential uses, including multi-family, manufactured, modular and/or site built. The remaining properties with RR-2A (rural residential) and C-3 (commercial use) zoning provide high visibility along Highway 260 and are in an area of strong growth.

The land is in an Opportunity Zone, an economic development tool created for the purpose of spurring economic growth and job creation in distressed areas and low-income communities in the U.S. by providing tax benefits to investors.

The buyer was co-represented by Bryce Perez of Re/Max Fine Properties and Celtic Property Management.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

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by Mar 10, 2023
AZCREW to host March 21 tour of dynamic, mixed-use project on Camelback, The Grove

AZCREW to host March 21 tour of dynamic, mixed-use project on Camelback, The Grove

News & Updates

by | Mar 9, 2023 | News & Updates

     PHOENIX, ARIZONA (March 9, 2023) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, will host a project tour of the dynamic mixed-use project known as The Grove on the Camelback Corridor in Phoenix.

The Grove is a creative, sophisticated 750,000+ SF mixed-use campus with 180,000+ SF Class A office space, a first-ever boutique hotel by famous restaurateur Sam Fox, luxury residences, a self-storage facility, Banner Health Center plus, and unique upscale dining and retail venues. The office rooftop offers breathtaking views of Camelback Mountain.

RED Development led the redevelopment project at 4300 E. Camelback Road, in partnership with Nelsen Partners, Testani Design Troupe, Okland Construction, and Wood Patel.

The afternoon event is scheduled for March 21 from 4 to 6:30 p.m., at The Grove. Tours of the office building will include JLL’s newly finished office, Clayco’s under-construction space, followed by networking and happy hour/snacks on the rooftop. A representative from RED Development will give a brief summary of the project and future developments.

“AZCREW chose a tour of The Grove because this highly anticipated Class A, mixed-use development has been the talk of the town since the project was announced,” said AZCREW member Stephanie Handley, Vice President of Economic Development at Clayco. “Not only do we think members and attendees are excited to see what this revived corner has to offer, but Clayco’s move to The Grove will allow our entire team to have a unique and innovative space, allowing for maximum collaboration and camaraderie amongst the team.”

Registration is $45 for members and $65 for non-members. Registration includes the tour, light appetizers, and refreshments. Register here.

 About AZCREW:

AZCREW is the local affiliate of CREW Network. CREW Network is the premiere business network dedicated to transforming the commercial real estate industry by advancing women globally.  Membership offers unparalleled business development, leadership opportunities and networking both locally and globally with over 12,000 professionals in 75+ markets worldwide, representing all disciplines of commercial real estate. Learn more and apply for membership at arizonacrew.org.

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by Mar 09, 2023