Long-term office leases lead the way as NAI Horizon professionals facilitate recent deals

Long-term office leases lead the way as NAI Horizon professionals facilitate recent deals

News & Updates

by | Apr 13, 2023 | News & Updates

     PHOENIX, ARIZONA (April 13, 2023) – An NAI Horizon office properties team facilitated four long-term leases in the Valley totaling more than 15,000 SF, highlighting the firm’s recent deals. Among the deals brokered by Troy Giammarco and Joe Pequeno was a long-term lease for 11,270 SF in Phoenix.

Lease Transactions:

Troy Giammarco and Joe Pequeno represented the tenant, Imani Capital Holdings Inc., in a 60-month office lease for 11,270 SF at 4550 N. Black Canyon Highway, Phoenix, AZ 85017. The landlord, 4550 N. Black Canyon Hwy, LLC, was represented by Jonathan Levy with SVN.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, T.L. Tea, LLC, in a 120-month retail lease for 1,260 SF at 2743 South Market St., Gilbert, AZ. The landlord, San Tan MP, LP, was represented by Brian G. Pyke with Retail Insite.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Grace Power & McKellips Retail, LLC, in a 60-month retail lease for 2,426 SF at 1829 N. Power Road, Mesa, AZ. The tenant, Gem and Bead Mall, was represented by Heather Valdes with Hague Partners.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Grace Power & McKellips Retail, LLC, in a 60-month retail lease for 1,200 SF at 1829 N. Power Road, Mesa, AZ. The tenant, Red Mountain Garment Cleaners, LLC was self-represented.

Thomas Bean, CCIM, and Matt Harper, CCIM, represented the landlord, Huntington Square Baseline, LLC, in an 80-month retail lease for 2,040 SF at 3119-3227 S. Mill Ave., Tempe, AZ. The tenant, Captain Tattoo Art Collective Tempe was self-represented. 

Joe Pequeno and Troy Giammarco represented the tenant, Phoenix Psychiatric Therapies, LLC, in a 39-month office lease for 1,249 SF at 2345 S. Alma School Road, Mesa, AZ. The landlord, Tinalden Ventures, LLC was represented by Jamie Swirtz with CBRE.

Joe Pequeno and Troy Giammarco represented the landlord, Ninety One, LLC, in a 36-month office lease for 871 SF at 102 W. Hatcher Road, Phoenix, AZ. The tenant, Sepulveda’s Landscaping and Services, LLC, was self-represented.

Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, in a 60-month office lease for 2,989 SF at 4616 N 51st Ave., Phoenix, AZ. The tenant was represented Joe Pequeno and Troy Giammarco with NAI Horizon.

Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 24-month office lease for 597 SF at 7227 N 16th St., Suite 221, Phoenix, AZ. The tenant, Onyx Communications, LLC, was self-represented.

Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 6-month office lease for 575 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, ALK Asphalt, LLC, was self-represented.

Matt Harper, CCIM represented the landlord, Robert & Arlene Thatcher, in a 12-month retail lease for 650 SF at 5832 W. San Miguel Ave., Glendale, AZ. The tenant, Jesus Guerra and Naid Mera, were self-represented.

Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease for 1,818 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, ALK Asphalt, LLC, was self-represented.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 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 13, 2023
Diversified Partners breaks ground on highly anticipated $125M Mercy Center in Gilbert

Diversified Partners breaks ground on highly anticipated $125M Mercy Center in Gilbert

News & Updates

by | Apr 12, 2023 | News & Updates

The 11-acre development, located on the SEC of Val Vista Drive and East Mercy Road, will be comprised of a two-story retail, restaurant and office space, a two-story flagship Starbucks, a regional headquarters for Bell Bank, a Residence Inn by Marriott and a Homeward Suites Hotel; Sigma Contracting is the general contractor.

SCOTTSDALE, ARIZ. (April 12, 2023) — Diversified Partners, the leading Scottsdale real estate brokerage and development company, announced the groundbreaking for its Mercy Center development project, located at 3635 S. Val Vista Drive in Gilbert, Ariz.

The groundbreaking ceremony, held on April 6, was attended by a large crowd, which included Gilbert Mayor Brigette Peterson, Councilmember Bobbi Buchli, Councilmember Jim Torgeson, Gilbert Chamber of Commerce President and CEO, Sarah Watts, among others.

The construction will be led by Sigma Contracting, Upward Architects will serve as the project’s architect and Rick Engineering Company will serve as the civil engineering firm.

Nestled in the heart of the Mercy Gilbert medical district, the $125 million project will cover more than 11 acres. A two-story, flagship Starbucks with unique firepit feature and patio space on both levels will sit on front of Val Vista Drive. The development will also feature a two-story retail, restaurant, and office space, which has already attracted a variety of tenants, including Gallery Nails, Nautical Bowls, Live Hydration Spa, Prizm Dental, Singh Dhillon Pediatric Dentistry, and Willow Midwife.

“I love seeing developments provide well-planned solutions to needs within our community. This development includes two hotels that will provide necessary and quality hospitality choices for families and visitors of loved ones at Mercy Gilbert Medical Center and the soon-to-open, Phoenix Children’s Hospital, just steps across the street,” said Mayor Brigette Peterson. “This development also includes a one-of-a-kind two-story Starbucks that will allow hospital staff, visitors, and community members to grab a quality beverage, relax at a table or sit by a firepit on one of the patios. Diversified Partners continues to bring forth quality developments within the community.”

The building design will feature a unique concept, similar to Diversified Partner’s project on Scottsdale Road and Chauncey Lane (where the restaurant Cold Beers & Cheeseburgers is located). Restaurant drive-thrus actually go through the building.

The eastern half of the property will be home to a five-story Residence Inn by Marriott, a Homewood Suites Hotel and a regional headquarters for Bell Bank on an exquisitely designed, three-story bank building. Other popular tenants that will be joining the Mercy Center include Chipotle and 7-Eleven.

“We’re excited to bring this legacy property to the Gilbert community,” said Walt Brown Jr., CEO and founder of Diversified Partners. “Our goal is to create a destination that meets the needs of the growing community and enhances the surrounding area.”

As one of the fastest-growing cities in the United States, the Town of Gilbert has seen substantial population growth and is home to 285,756 residents. Its population makes it the sixth-largest municipality in the state and the most populated incorporated town in the nation.

This development marks Diversified Partners’ continued growth in the Arizona market, following the success of other projects in Metro Phoenix, including its recent $100 million investment in commercial real estate in Glendale, Ariz.

For more information and to view all projects in progress, visit www.dpcre.com.

About Diversified Partners

Diversified Partners is an Arizona-based commercial real estate brokerage and development company that offers a wide range of services for tenants, property owners, investors, and developers in all facets of real estate. As experts who know the land, the business and the real estate marketplace, Diversified Partners provides comprehensive services in the areas of asset management, landlord or tenant representation, construction management, property management, investment management, consulting, and brokerage. Learn more at www.dpcre.com. Follow Diversified Partners on Facebook, Instagram and Twitter @dpcre.

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by Apr 12, 2023
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