Office, land, retail sales totaling $18M highlight transactions closed in October by LevRose CRE

Office, land, retail sales totaling $18M highlight transactions closed in October by LevRose CRE

News & Updates

by | Nov 8, 2021 | News & Updates

 

     SCOTTSDALE, ARIZ. (Nov. 8, 2021) – Three office building sales totaling $13.3 million, the sale of a retail building for $2.95 million, and a land sale of $2.136 million highlight October transactions closed by LevRose Commercial Real Estate brokers.

Michael Waxman and Foster Bundy represented the seller, WYAZ Investments, LLC in the $8.86 million sale of Cooper Crossing, 1800-1850 E. Ray Road in Chandler, Arizona. The buyer was 1800 E. Ray Expansive LLC.

Built in 2006, Cooper Crossing is a two-story office property totaling 54,639 SF. Amenities include a conferencing facility, fitness center, and outdoor seating in a courtyard. The asset is located in the much sought-after Southeast Valley submarket.

8320 W. Mariners Way in Peoria, Arizona

Greg Vanlerberghe represented the buyer, Oneten REI Willco, LLC in the $2.95 million purchase of 8320 W. Mariners Way in Peoria, Arizona. The seller was Monaghan Farms, Inc. Vanlerberghe is also representing the new tenant Stout Industries, LLC, which is developing a sports bar/night life concept in the space. It is scheduled to open in mid-2022.

The retail property was formerly Modern Round restaurant, which is nestled in the heart of Peoria’s P83 entertainment district. Built in 2002, the asset totals 11,638 SF. It closed earlier this year.

4439 N. Saddlebag Trail in Scottsdale

Danielle Davis; Trent McCullough, CCIM; Mark Cassell; Matt Beeks; and Garrett Pedicini represented the seller (Hudye Group, LP) in the $2.5 million ($916.42/sf) disposition of 4439 N. Saddlebag Trail in Scottsdale. The asset is currently an office building that totals 2,827 SF and is located in the heart of Old Town Scottsdale’s Entertainment District. Built in 1982, this redevelopment opportunity is poised to add even more to the already vibrant area.

The asset is an office building that totals 2,827 SF and is located in the heart of Old Town Scottsdale. Built in 1982, it offers easy access to the Loops 101 and 201 freeways.

Matt Leonard represented the buyer, One Scottsdale Surgery Center, LLC, in the $2.136 million purchase of Lot 3 and Lot 4 located at One Scottsdale on the east side of Scottsdale Road between Legacy Boulevard and Thompson Peak Parkway. The lots total 63,162 SF and will house a future medical office building. The seller was One Scottsdale Core, LLC.

Zak Kottler, Joe Cosgrove, Hunter Chasse and Aaron Cook represented the buyer, 7033 E. Main Street, LLC, in the $1.95 million purchase of 7033 E. Main St., Suites 102 and 104, in Scottsdale. The seller was JPZ, LLC.

The overall property consists of approximately ±3,486 SF.​ Suite 102 is ±2,354 SF of built-out retail space and Suite 104 is ±1,132 SF of built-out office space. It is well-positioned on Main Street in the Downtown Scottsdale.

7033 E. Main St., Suites 102 and 104, in Scottsdale

About LevRose Commercial Real Estate/TCN Worldwide

LevRose is proud to be the sole Phoenix affiliate of TCN Worldwide. Formed in 1989, TCN is a consortium of networked independent domestic and international commercial real estate firms, which provides for complete, integrated real estate solutions across the globe. With approximately $41.3 billion in annual transactions and over 180 MSF under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services and resources, coupled with a personal commitment to exceed client expectations, is what has made TCN Worldwide a leader within the global commercial real estate industry. For more information visit levrose.com.

 

 

by Nov 08, 2021
Sigma Contracting adds two new superintendents to its construction team, both native Arizonans

Sigma Contracting adds two new superintendents to its construction team, both native Arizonans

News & Updates

by | Nov 3, 2021 | News & Updates

SCOTTSDALE, ARIZ. (Nov.  4, 2021) – Sigma Contracting, Inc. is pleased to announce it has hired a pair of construction superintendents who bring more than 50 years of experience to the Scottsdale-based general contractor.

Both Armando Lechuga and Jeremiah Froderman will oversee construction site activities daily.

Lechuga, a native of Kearny, Arizona, has spent 33 years in the construction industry starting in the carpentry trade. He has developed a very diversified background with his construction experience which allows him to oversee many types of commercial construction projects.

Jeremiah Froderman

Froderman, a native of Kingman, Arizona, has spent 25 years in the construction industry with 16 of those being a commercial project superintendent. His vast experience will allow him to adapt immediately to managing Sigma’s projects.

“We are excited to bring two new talented superintendents into the mix at Sigma, making us a more well-rounded company,” said Dan Hinkson, President of Sigma Contracting.

When not on the job site, Lechuga enjoys hunting, camping, and fishing, and spending time with his two children and wife. Froderman is also an avid camper and outdoorsman. He enjoys playing softball, golfing, and spending time with his wife and two teenage sons on the water.

ABOUT SIGMA CONTRACTING INC.

Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.

 

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by Nov 03, 2021
CCIM Central Arizona Chapter hosting Par-Tee on the Green, 9-Hole Scramble Nov. 18 at Papago GC

CCIM Central Arizona Chapter hosting Par-Tee on the Green, 9-Hole Scramble Nov. 18 at Papago GC

News & Updates

by | Oct 28, 2021 | News & Updates

      PHOENIX, ARIZ. (October 28, 2021) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is accepting registration for its annual Par-Tee on the Green and 9-Hole Scramble, scheduled for Nov. 18 at Papago Golf Course.

The chapter is accepting registration through Nov. 15. Both events. The 9-Hole Scramble begins with check-in at 8 a.m. and shotgun start at 8:30 a.m. Check-in for Par-Tee on the Green is 11 a.m. Lunch follows at noon. The hole-in-one event begins at 2 p.m. and the raffle begins at 2:30 p.m.

Events include a putting contest, longest drive contest, hole-in-one contest with a $1,000 prize and a BBQ lunch. Registration fee for the Golf Scramble/Par-Tee is $275 per individual. Registration fee for a foursome (includes both events) is $1,000. The Par-Tee only event is $125 per individual.

Raffle items include travel and tote bags; a weekend in Williams, Arizona; a JBL party box; and a Surface Pro 8, to name a few.

Proceeds from the golf events benefit scholarships for Grand Canyon University students in the school’s real estate program.

Papago Golf Club is located at 595 E. Karsten Way in Phoenix.

Click here for more information and to register.

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by Oct 28, 2021
NAI Horizon’s Investment Services Group negotiates $3.44M land sale for U-Haul in Sahuarita, Arizona, for future facility

NAI Horizon’s Investment Services Group negotiates $3.44M land sale for U-Haul in Sahuarita, Arizona, for future facility

News & Updates

by | Oct 27, 2021 | News & Updates

 

     PHOENIX, ARIZONA (October 27, 2021) – NAI Horizon’s Investment Services Group represented the seller in the $3.44 million disposition sale of commercial land to be developed for climate-controlled, self-storage, truck, and equipment rental for future U-Haul operations.

The 6.86 acres of commercial land is located at the SWC of Interstate 19 and Duval Mine Road in the Southern Arizona town of Sahuarita.

NAI Horizon Executive Vice President Lane Neville, Senior Associate Logan Crum and Agent Cole Neville with the NAI Phoenix office, and Ben Craney, Managing Director with the NAI Tucson office, all represented the seller, the Park Corporation. The buyer was AMERCO Real Estate Company (U-Haul).

“Sahuarita is a suburban bedroom community located just 20 miles south of Tucson.  The picturesque natural scenery provides a beautiful backdrop for residences living in this thriving Southern Arizona community,” Neville said. “Younger families have been relocating to this area for more than 20 years based on strong public schools, home affordability, and quality of life. It is a very easy commute to metro Tucson. Sahuarita’s current population is more than 33,000 and has enjoyed over 31 percent growth since 2010.”

The NAI Horizon Investment Services Group specializes in the sale of commercial land in the Phoenix MSA and throughout the greater Southwest.

About NAI Horizon

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

About NAI Global

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

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

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

To learn more visit www.naiglobal.com.

 

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by Oct 27, 2021
Cloud-based mental health counseling firm launched by Tucson healthcare provider

Cloud-based mental health counseling firm launched by Tucson healthcare provider

News & Updates

by | Oct 26, 2021 | News & Updates

    TUCSON, ARIZ. (October 27, 2021) – Thomas Noth, MA, CRC, LAC, is proud to announce the launch of BrighterView Counseling, LLC, a telemedicine startup that will utilize secure cloud-based systems to provide personalized online mental health counseling to clients across the state of Arizona.

BrighterView Counseling will provide brief and ongoing individual counseling services. Noth is the firm’s primary counselor and owner.

Common challenges and issues BrighterView Counseling addresses include social anxiety, depression, alcohol or drug addiction, LGBTQIA issues, past and current trauma, relationship conflict, stress, and life transitions.

“More than ever, telemedicine is needed. People are struggling with anxiety and negative thoughts regarding their futures. I started this counseling practice to reach as many people as possible. As a healthcare provider, it’s important to break down barriers to care,” Noth said. “Allowing people to process and overcome challenges while in the safety, comfort, and convenience of their own home. It’s as simple as clicking a button and connecting with a licensed counselor, a trusted member of your own local community, who’s cheering you on as you take the next step towards living your best life.”

BrighterView Counseling offers its services to adults 18 years and older. It is accepting new clients with same-day or next-day appointments. It offers evening availability for those with busy school or work schedules.

BrighterView Counseling is located at 333 N. Wilmot Road, Suite 340, in Tucson. The phone number is (520) 800-8067 or email Noth at thomas@brighterviewcounseling.com.

Visit the website at http://www.brighterviewcounseling.com.

 

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by Oct 26, 2021
CARR expands its presence in Arizona with addition of industry expert Monica Aguayo  

CARR expands its presence in Arizona with addition of industry expert Monica Aguayo  

News & Updates

by | Oct 25, 2021 | News & Updates

     PHOENIX, ARIZONA (October 26, 2021) – CARR, a national provider of commercial real estate services specializing in representing tenants and buyers, is pleased to announce the addition of Monica Aguayo to its Arizona team.

Aguayo joins Barbara Firminger in serving the Metro Phoenix market for CARR.  Aguayo will assist clients with new office space, expansions, relocations, acquisitions, and lease renewals. She will also represent healthcare professionals in their office lease or purchase negotiations. Aguayo will identify and evaluate the most desirable property options for CARR clients.

Aguayo’s previous experience in commercial real estate was with Healthcare Trust of America and CoStar Group, both in the Valley. She is active in Valley Partnership and AZCREW.

Recently featured in Forbes, Inc. and Entrepreneur Magazine, CARR is unique in that it only represents healthcare tenants and buyers. This eliminates any conflict of interest between competing parties that arises when real estate agents attempt to work for more than one party in a transaction.

A listing agent’s fiduciary responsibility is to the landlord, whereas CARR’s fiduciary responsibility is solely to its tenant and buyer client (dentists, doctors, veterinarians, etc.). This allows CARR to maximize its client’s profitability through real estate negotiations and add significant savings to its bottom line.

A native of Joliet, Illinois, Aguayo was raised in El Paso, Texas. She moved to Scottsdale in 2017. Away from the office she enjoys running, watching movies and gardening. She is the mother of two daughters.

 About CARR

CARR is the nation’s leading provider of commercial real estate services for healthcare tenants and buyers.  Every year, thousands of practices trust CARR to achieve the most favorable terms on their lease and purchase negotiations.  Our team of experts assists with start-ups, lease renewals, expansions, relocations, additional offices and purchases. CARR has rapidly grown to over 125 agents serving all 50 states.  For a complete list of agents visit: https://carr.us/find-an-agent/.  Healthcare providers may contact their local agent for a complimentary lease or purchase evaluation.  For additional information, visit us at www.carr.us

 

 

by Oct 25, 2021
CCIM Central Arizona and Southern Arizona chapter designees ‘pinned’ at national event

CCIM Central Arizona and Southern Arizona chapter designees ‘pinned’ at national event

News & Updates

by | Oct 25, 2021 | News & Updates

The CCIM designation signifies expertise in the commercial real estate profession

 

PHOENIX, ARIZONA (October 25, 2021) — The CCIM Central Arizona and CCIM Southern Arizona chapters have recognized seven members who recently earned the Certified Commercial Investment Member designation, the global standard for professional achievement in commercial real estate, from the CCIM Institute.

Headquartered in Chicago, CCIM Institute is one of the largest global commercial real estate networks.

The following Arizona CCIM chapter members were among the 122 industry professionals who earned the CCIM designation during the organization’s fall CCIM Comprehensive Exam testing session, which was held in Pittsburgh.

Thomas Ellixson, Menlo Group CRE, Central Arizona; Eric Ferber, Cutler Commercial, Central Arizona; David Luke, CommLoan, Central Arizona; Tucker Mackenzie, Hawkins Companies, Central Arizona; Eli Mastracci, Phoenix West Commercial LLC, Central Arizona; Jason Triano, Menlo Group CRE, Central Arizona; and Michelle Cunningham, Fort Lowell Realty, Southern Arizona.

“These latest designees join an exclusive global commercial real estate community, one that represents the highest level of expertise, experience, and ethics in the industry,” said Timothy S. Blair, CCIM, 2021 global president of CCIM Institute. “That’s why people look to this CCIM pin – each of us brings sophisticated analysis and evaluation skills to the table to make the most of every deal while never losing sight of the human factor – our clients and those we work with on a deal.”

To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study-driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.

Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

“Obtaining the CCIM designation is not easy, but it’s worth it. They say that if it were easy, everyone would do it,” said Central Arizona Chapter President Todd Hamilton, CCIM, SIOR, Citywide Commercial Real Estate. “When I transact with a fellow CCIM designee, I know that I’m dealing with an intelligent person that I can trust. We applaud and congratulate the newest Arizona designees.”

CCIM Institute is a global community of approximately 13,000 members, more than 50 chapters, and 30 countries that educates and connects the world’s leading experts in investment strategy, financial analysis, and market analysis.

CCIM Southern Arizona representatives in Pittsburgh (Left to right) Gary Heinfeld, Advisors in Real Estate, Inc.; Michelle Cunningham, Fort Lowell Realty; James Robertston Jr.; Cody McGuire, National Bank of Arizona; and R. Craig Finfrock, Commercial Retail Advisors.

 

 

 

 

 

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About CCIM Institute

 

CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset, taught by instructors who are themselves industry leaders. Today, the organization, through its 50-plus chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin — real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies. In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of approximately 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.

 

by Oct 25, 2021
Land sales totaling $30M; office sales of $1.22M highlight recent deals closed by NAI Horizon

Land sales totaling $30M; office sales of $1.22M highlight recent deals closed by NAI Horizon

News & Updates

by | Oct 20, 2021 | News & Updates

  PHOENIX, ARIZONA (October 20, 2021) – Three land sales totaling $30.09 million and two office sales totaling $1.22 million highlight recent deals closed by NAI Horizon professionals. The land transactions include the sale of 148 acres in Surprise, Arizona, for $25 million to Tempe-based Carvana.

 Sale Transactions:

 Isy Sonabend and Drew Eisen negotiated the sale of 148 acres representing the buyer, Carvana for $25 million. The property is located at the NEC of Litchfield and Cactus roads, Surprise, AZ. The seller, Surprise/Dysart Properties, LLC was represented by Tony Lydon with JLL.

Denise Nunez and Victoria Filice negotiated the sale of 1st Defense Self-Storage, a 73,273 NRSF facility representing the seller, Scottsdale-based MC Companies. The property is located at 3205 Rodd Field Road, Corpus Christi, TX.

Joan Krueger negotiated the sale of 62.39 acres representing the seller, Stephens Family Trust for $4.927 million. The property is located at Rooks Road and MC85, Buckeye, AZ. The buyer, AZ Land Consulting, was represented by Scott Truitt with Western Land Company.

Troy Giammarco and Joe Pequeno negotiated the sale of a 5,300 SF office building representing the seller, Dorothy Westfall for $620,000. The property is located at 9303 N. 7th St., Phoenix, AZ. The buyer, Robert Hernandez was represented by Werner Von Berries with HomeSmart.

Thomas Bean, CCIM and Matt Harper, CCIM negotiated the sale of a 3,330 SF office building representing the seller, Lynda B. Ukemenam Living Trust for $600,000. The property is located at 5130 E. Thomas Road, Phoenix, AZ. The buyer, Project Arcadia, LLC was self-represented.

Christopher Lewis negotiated the sale of 0.55 acres representing the buyer, David Rosenberg for $93,000. The property is located at Apple Valley and Siskiyou roads in Apple Valley, California. The seller, Leonard Werbin was self-represented.

Lease Transactions:

Dylan Whitwer and Laurel Lewis represented the tenant, GeoTek Operations Limited in a 72-month office lease for 17,366 SF at 4050 E. Cotton Center Boulevard, Phoenix, AZ. The landlord, Koll Cotton Center, LLC was represented by Jackie Orcutt and Jonathan Teeter with CBRE.

Matt Harper, CCIM represented the landlord, MUFG Union Bank NA in a 124-month retail lease for 3,217 SF at 13681 N. Litchfield Road, Surprise, AZ. The tenant, The Boyer Bakery, LLC was represented by Larry Kramer with Realty One Group.

Thomas Bean, CCIM and Matt Harper, CCIM represented the tenant, Occupational Medicine for Business and Industry, Inc. in a 64-month medical office lease for 5,659 SF at 3033 W. Bell Road, Phoenix, AZ. The landlord, Paragon Properties Group, LLC was represented by Eric Ferber with Cutler Commercial.

Thomas Bean, CCIM represented the tenant, ReachOut Healthcare America, LTD in a 68-month office lease for 8,372 SF at 15458 N. 28th Ave., Phoenix, AZ. The landlord, Copper State Credit Union, was represented by George Howell with DBSI.

Matt Harper, CCIM represented the landlord, United Group, LLC in a 66-month retail lease for 2,700 SF at 709 W. Ray Road, Gilbert, AZ. The tenant, Arizona Fine Arts, LLC was represented by Jonvieve Bryant with Bryant Commercial Real Estate.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Raintree Retail Partners, LLC in a 64-month retail lease for 1,200 SF at 14884 N. Pima Road, Scottsdale, AZ. The tenant, Meheruddin Syed and Noorjaha Shaik was represented by Barry Light with Light Retail, LLC.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Raintree Retail Partners, LLC in a 63.5-month retail lease for 1,200 SF at 14884 N. Pima Road, Scottsdale, AZ. The tenant, Arizona Smokers, Inc. was self-represented.

Matt Harper, CCIM represented the landlord, Robert and Arlene Thatcher in a 25-month retail lease for 1,550 SF at 4742 W. Glendale Ave., Glendale, AZ. The tenant, Stephanie Munguia & Kevin Reyes was self-represented.

Matt Harper, CCIM represented the landlord, Cynergy, LLC in a 12-month retail lease for 1,350 SF at 1533 N. Alma School Road, Mesa, AZ. The tenant, Tanisha Chapman was self-represented.

 About NAI Horizon

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

About NAI Global

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

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

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

To learn more visit www.naiglobal.com.

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by Oct 20, 2021
NAI Horizon’s Investment Services Group negotiates $4.3M sale of IHOP in Oklahoma City

NAI Horizon’s Investment Services Group negotiates $4.3M sale of IHOP in Oklahoma City

News & Updates

by | Oct 18, 2021 | News & Updates

 

     PHOENIX, ARIZONA (Oct. 18, 2021) – NAI Horizon’s Investment Services Group represented the buyer in the $4.316 million purchase of a restaurant occupied by International House of Pancakes (IHOP) as the tenant in a long-term NNN lease.

The 4,079 SF, single-tenant, IHOP restaurant property is located at 2624 W. Memorial Road in Oklahoma City, Oklahoma, by Quail Springs Mall fronting John Kilpatrick Turnpike at North May Avenue.

NAI Horizon Executive Vice President Lane Neville, Senior Associate Logan Crum and Agent Cole Neville represented the buyer finalizing a 1031 Tax Deferred Exchange. The seller was represented by Cushman & Wakefield (Scott Crowle, Michael Yuras and McKenney Houck).

“The IHOP is a great cash-flowing asset, located in a very nice area of Oklahoma City. The property has excellent visibility and easy access to multiple highways. Strong demographics and heavy vehicular traffic have supported this location since 2000,” Lane Neville said. “The Quail Springs Mall anchors a regional collection of commercial uses, 176,000 people reside within a 5-mile radius of IHOP. Area uses include big-box retailers, national hotel brands, high-end office, luxury apartments, regional hospital and medical services.”

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

About NAI Horizon

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

About NAI Global

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

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

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

To learn more visit www.naiglobal.com.

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by Oct 18, 2021
The Alexander, a 209-unit technology, wellness centered apartment, breaks ground in Marana  

The Alexander, a 209-unit technology, wellness centered apartment, breaks ground in Marana  

News & Updates

by | Oct 13, 2021 | News & Updates

     MARANA, ARIZONA (October 13, 2021) – Construction is underway for The Alexander, a new ground up 209-unit, four-story multifamily community that emphasizes technology and wellness.

A groundbreaking was held last month for the $49 million asset at 3915 W. Aerie Drive. It is owned and developed by Thornydale Apartments, LLC., c/o Sears Financial Corporation. Asset Living, formerly Shelton Residential, will manage the property.

When The Alexander is completed in June 2023, it will feature two main mid-rise buildings, six garage buildings providing 12 loft units with attached garages, and two freestanding garages. It will encompass 292,850 gross SF and 199,905 rentable SF.

     “I have lived in Phoenix, Denver, Los Angeles, and now Las Vegas and have had an opportunity to see what many innovative developers are building in those markets,” said Doron Sears, President of Sears Financial Corporation. “When I decided that I needed an apartment when I come to Tucson for work, I couldn’t find anything that completely fit my needs so we decided to build one.”

The four-story midrise features elevator service to take advantage of the mountain and city views. The Alexander will be the first midrise project in a market that is primarily garden-style walkup communities.

Amenities at The Alexander include a dog park, a barbeque area, a bike storage and repair area, a resort-style pool, fitness center, outdoor fitness area and a variety of wellness offerings.

“The overall design and amenities package are a blend of the best features from a handful of projects that I love in other cities,” Sears said. “The wellness amenities we added because they were meaningful to me and represent a lifestyle that I want to share with others. We designed the project to appeal to a large audience with upgraded countertops, flooring, fixtures and appliances.”

What sets the project apart, Sears added, are the technology and wellness amenities. Some features of the technology package are high-speed internet with property-wide secure Wi-Fi, keyless door and property access, lighting and temperature control as well as DISH TV. Units include blackout blinds in the bedrooms and adjustable smart lighting to customize the in-unit environment.

“The unit and common area finishes and amenities will set this place apart, but the technology package and wellness touches are truly unique. I said from the beginning that the highest honor will be to be copied and I believe many of the amenities we provide will become standards soon,” Sears said.

The architect of record is Way Architects P.C. (Doug Fullen) and the general contractor is EMJ Construction. Notable subcontractors included Dish Fiber and Data Link (technology package infrastructure); Perry Engineering (civil engineering); and The Planning Center (re-zoning).

Present at the ground breaking were Marana Mayor Ed Honea, Town Manager Terry Rozema, and members of the Marana Chamber of Commerce.

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by Oct 13, 2021