NAI Horizon negotiates $8.35M investment sale of Chandler self-storage facility in exclusive listing   

NAI Horizon negotiates $8.35M investment sale of Chandler self-storage facility in exclusive listing  

News & Updates

     PHOENIX, ARIZONA (August 11, 2020) – NAI Horizon Senior Vice President Denise Nunez and Associate Victoria Filice represented the seller in the $8.35 million investment sale of American Self Storage & Mail Center in Chandler, Arizona.

NAI Horizon represented the seller, Lawhead Family LLC of Apache Junction, Arizona; and secured the buyer, 535 Wilmot Investors, LLC of Phoenix. The asset is located at 12220 E. Riggs Road in Chandler.

Denise Nunez

“The seller was specific that the property be quietly marketed. We sent the deal to 13 potential buyers which generated five solid offers for a top negotiated price at a 4.8 cap rate on in-place income,” Nunez said. “The seller had original plans to develop out five concrete pads for additional climate-controlled and drive units. However, the seller never finished the project, which was built in 1999. The buyer, an Arizona LLC, will develop out the site in a market known for its difficulty for approving of self-storage.”

American Self Storage & Mail Center totals 59,239 NRSF and 652 units. It features a mix of standard drive-up and climate-controlled units plus RV parking plus six commercial retail store tenants. It is located on Riggs Road between McQueen and Cooper roads.

Nunez specializes in self-storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the 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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.

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.

 

by Aug 11, 2020
Arizona-based Land Advisors Organization announces major expansion of its Southeastern regional presence with opening of 2 new offices   

Arizona-based Land Advisors Organization announces major expansion of its Southeastern regional presence with opening of 2 new offices  

News & Updates

     SCOTTSDALE, ARIZ. (August 10, 2020) – Arizona-based Land Advisors Organization, the nation’s largest land brokerage firm, announced the major expansion of its operations in the Southeastern U.S. with the addition of offices in Atlanta, Georgia, and Jacksonville, Florida. The firm’s existing regional offices include Tampa and Orlando, Florida, and Charlotte, North Carolina.

The new Atlanta and Jacksonville offices will provide land brokerage and capital advisory services to landowners, home builders, investors and developers of industrial/logistics, office, retail, condominiums, and master-planned communities across the region.

“This is a very strategic move for us. Not only are we connecting the region’s growing markets by adding advisors with in-depth knowledge of the local and surrounding areas; but we’re bringing on an expert in mitigation banking to serve a broader group clients who need assistance with overcoming development challenges that are common in the region,” said Greg Vogel, founder and CEO of Land Advisors Organization. “We’re seeing a significant influx of people into these and the surrounding markets from major cities in the Northeast and Midwest, largely due to COVID-19 impact, and it presents great opportunity for the landowners, developers and investors who we serve.”

Atlanta expansion

David Moore, CCIM, a veteran real estate broker and investment fund director, joined the firm to manage Land Advisors Organization’s Atlanta office. He will be introducing the firm’s expansive data-driven market analytics and capital services to clients in the market and those looking to purchase, sell or invest in Atlanta and its surrounding markets. During the next two years, the firm plans to hire several additional brokers and support staff.

A native of Atlanta, Moore has extensive knowledge of Georgia and the nearby thriving real estate markets, including Nashville, Tennessee; Birmingham, Alabama; and Raleigh, North Carolina. He has been involved in commercial real estate and investment fund management for more than two decades.

Moore’s experience includes real estate sales, capital and debt allocation, development, land acquisition and dispositions as well as managing and permitting land in the path of growth. He is well-versed in providing innovative structures for land buyers and sellers by adding value through envisioning, planning, entitlement and pre-development work.  Moore will be managing the firm’s new Atlanta office and its growing team of producers.

“We’re witnessing the strength and resilience of the Atlanta market, evidence by an unemployment rate well below that of the nation and positive job growth over the last 12 months, despite challenging current economic conditions,” Moore said. “And, with demand for housing being largely unaffected with new home permitting currently at the same pace as last year, I look forward to continuing to work with builders, developers and investors in my new role at Land Advisors Organization and Land Advisors Capital that now allows me to provide invaluable access to the firm’s data-driven market analytics that provides offers informed decision-making.“

Jacksonville expansion

Land Advisors Organization’s Jacksonville, Florida, office will be managed by Logan Holz, an established local real estate broker, who is new to the firm. He is bringing the firm’s expansive data-driven market analytics and capital services to the market as well as his expertise in mitigation banking.

The firm’s Jacksonville office will provide advisory services to landowners, home builders, developers, investors, mitigation bankers, and financial institutions in the Northeast Florida market, including Duval, St. Johns, Nassau, Flagler and Baker counties.

A native of Jacksonville, Holz is a licensed real estate broker with over 30 years of experience in commercial real estate, land development, mitigation banking, and corporate real estate. His understanding of the complexity of permitting, development, and providing transaction and advisory services to a wide range of institutional and high net worth clients enables him to successfully execute engagements in the quickly growing market.

“I am honored to be part of an outstanding organization that shares my values and goals,” Holz said. “I look forward to utilizing the firm’s proprietary technological resources to provide clients with the type of information on land values and sales as well as demographics and population growth that is not typically available in Northeast Florida.”

Holz is a member of the Urban Land Institute and the Florida Association of Mitigation Bankers. He graduated from the Florida State University College of Business with a Major in Marketing. Land Advisors Organization’s Jacksonville office will be in Ponte Vedra Beach at 111 Solano Road.

by Aug 10, 2020
Local artist who has worked for Guy Fieri, Shaquille O’Neal is creating art for Phoenix apartment community he calls home 

Local artist who has worked for Guy Fieri, Shaquille O’Neal is creating art for Phoenix apartment community he calls home 

News & Updates

    PHOENIX, ARIZ.  (August 10, 2020) – At a time when people are staying home much more than usual, residents of one local luxury apartment community will soon be able to enjoy a one-of-a-kind mural created by one of their talented neighbors.

Local artist Jody Barrilleaux has been commissioned to create an expansive mural for the Vela on Camelback Apartments, 4949 N. 7th St., in Uptown Phoenix, where he also lives.

“Jody is quite literally an artist in residence,” said Tom Shelton, Principal with Shelton Residential, the management firm for Vela on Camelback. “We are thrilled to work with one of our own residents to create some joy through art for our residents and visitors at a time when everyone can use a little boost.”

Barrilleaux has worked for many high-profile clients, including creating some blacklight art for basketball legend Shaquille O’Neal and paintings for restauranteur and celebrity chef Guy Fieri He has also been contracted by the U.S. Air Force for murals at Scott Air Force Base in Illinois.

Barrilleaux began his career as a T-shirt airbrush artist and has since built an extensive collection of airbrush and acrylic paintings and murals. His work has been featured in many interesting places including on motorcycles, on boats, entertainment facilities, in private homes and even at the bottom of swimming pools.

The artwork at the Vela on Camelback complex will consist of a nearly 24-foot-long mural titled “Wind.” It is acrylic on canvas and is mounted to metal panels. In the mural, Barrilleaux brings his vision of “a calming, windy day – the leaves blowing in the wind.”

“You can almost hear the sounds quietly rustling. There’s so much intense emotion in this piece,” Barrilleaux said. “Peaceful and comforting.”

Created in his signature style of slowly flowing brush strokes in an impasto application, Barrilleaux’s trademark use of thick textures, earthy colors and line fluency create the magical Van Gogh feel.

“I’m extremely honored to be part of this beautification project for Vela on Camelback. I hope that my artwork can help to enhance the experience of living at what is already such a beautiful property,” Barrilleaux said.

Vela on Camelback is owned by an affiliate of Pacific Development Partners.

“The owners of Vela on Camelback are very happy to have supported a local artist who is also a resident at Vela on Camelback and to display a commissioned piece in our beautiful complex,” said Ron Recht, Principal with Pacific Development Partners.

With easy access to the light rail and its unique central Valley location, Vela on Camelback residents can explore some of Phoenix’s best and most notable restaurants, shops, attractions and nightlife in the upscale desert lifestyle overlooking Camelback Mountain and Piestewa Peak.

 

by Aug 10, 2020
Land Advisors Organization’s Phoenix Homebuilder Team closes 1st phase of 611-lot McClellan Ranch master-planned community to Pulte Homes, Meritage Homes for $9.4M

Land Advisors Organization’s Phoenix Homebuilder Team closes 1st phase of 611-lot McClellan Ranch master-planned community to Pulte Homes, Meritage Homes for $9.4M

News & Updates

     SCOTTSDALE, ARIZONA (August 6, 2020) – Land Advisors Organization’s Metro Phoenix office is pleased to announce that its Homebuilder Team closed the first phase of McClellan Ranch, a 611-lot master-planned community located in the Southwest Valley at the NWC of 67th Avenue and Dobbins Road in Phoenix.

The development, part of a two-phase takedown, was purchased by Pulte Homes and Meritage Homes. The first phase consisting of 260 lots sold for $9.4 million.

“We are excited to see Pulte and Meritage as a part of the blossoming Laveen submarket along the Loop 202,” said Bret Rinehart of Land Advisors Organization’s Phoenix Homebuilder team. “The McClellan Ranch community is ideally located along this emerging corridor and this gated community will be a great addition to the area.”

Rinehart, Ryan Semro, and Ben Heglie, who specialize in homebuilder developments and master-planned communities throughout Arizona for Land Advisors Organization’s Metropolitan Phoenix office, represented the seller, Metropolitan Land Co in the transaction. The firm continues to advise clients on this product type and is working on several similar projects in the area.

McClellan Ranch is situated in the Southwest Valley with easy commuter access to Downtown Phoenix and other neighboring cities via the Loop 202. The community will offer residents convenient access to many shops, restaurants, and the abundant lifestyle amenities in the Laveen area.  Nearby schools include Betty Fairfax High School and directly north of the site is Desert Meadows Elementary School.

 

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, Tampa, and Jacksonville, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

 

by Aug 06, 2020
NAI Horizon, local stakeholders team up to bring national healthcare provider to Tempe’s Rio 2100

NAI Horizon, local stakeholders team up to bring national healthcare provider to Tempe’s Rio 2100

News & Updates

    PHOENIX, ARIZONA (August 6, 2020) – NAI Horizon professionals doubled down that a tenant looking to expand in the Valley wouldn’t be deterred by COVID-19 and helped it lock down a 28,000 SF sublease in the highly desirable Tempe market.

NAI Horizon Senior Vice President Troy Giammarco and Agent Joe Pequeno represented Bright Health Plan (BHP) of Minneapolis, Minnesota, in a long-term lease totaling $3.214 million at Rio 2100, 2120 Rio Salado Parkway in Tempe.

Bright Health will occupy 28,000 SF for a new contact center. It is scheduled to bring 35 jobs to Tempe this year with an additional 40 jobs in 2021. It will provide sales and sales service with plans to also provide bilingual phone- and chat-based support for all Bright Health Plan members in early 2021.

“When COVID-19 hit, we canvassed more and circled back with all our clients,” Giammarco said. “Joe made the call and set up the meeting with Bright Health. It was apparent immediately that our local contact, Anthony Wienberg, and BHP’s senior vice president of sales, Jim Bletzer, were on a mission to continue Bright Health’s expansion through the virus.

“Given Bright Health’s timetable and needs, we knew from the onset we would have to move quickly and a sublease would be the best path. Working with numerous stakeholders and after fluid negotiations, we chose the Varsity Tutor sublease in Tempe,” Giammarco said.

Ryan Bartos of JLL represented the sub-landlord, Varsity Tutor of St. Louis. (The building’s primary landlord is Boyer).

“The final two weeks of details were a full-court press with both sides working in tandem to bring this 5-year sublease to a successful close,” Pequeno said. “We are thankful to all the team members that made this possible.”

Additional local stakeholders included the Greater Phoenix Economic Council (GPEC), the Arizona Commerce Authority (ACA) and the City of Tempe.

BHP was founded to create a more personalized and affordable member experience by improving access to healthcare and enabling stronger relationships between members and their providers. In Arizona, the company offers individual and family plans and Medicare Advantage plans in Maricopa County and individual and family plans in Pima County.

Bright Health is expected to open the office on October 1.

 

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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions. 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.

 

by Aug 06, 2020
Land Advisors Organization’s Metro Phoenix team closes on 70-acre site in East Buckeye for $6.65M

Land Advisors Organization’s Metro Phoenix team closes on 70-acre site in East Buckeye for $6.65M

News & Updates

     SCOTTSDALE, ARIZONA (August 3, 2020) – Land Advisors Organization’s Metro Phoenix office is pleased to announce the sale of an approximately 70-acre site located in east Buckeye, Arizona. The property, just south of the Interstate 10 near the corner of Miller and Durango roads, sold for nearly $6.65 million to Scannell Properties.

Greg Vogel and Wes Campbell, who represent a broad spectrum of clients including financial institutions, investors, homebuilders, industrial and master-planned community developers throughout Arizona for Land Advisors Organization’s Metro Phoenix office, represented the seller in the transaction. The firm continues to advise clients on this product type and is working on several similar projects in the West Valley.

“We were very pleased to help drive the deal to bring this new distribution center to the city of Buckeye,” said Vogel, founder and CEO of Land Advisors Organization. “It’s exciting to see the continued economic and population growth happening in the area, particularly in the form of large employers and new home construction.”

Plans for the site is the construction of an 850,000 SF distribution center for the specialty discount retailer Five Below. This marks the newest distribution center for the City of Buckeye and West Valley, which continues to grow and attract employers. Five Below plans to bring approximately 150 new jobs to the area initially and expects to grow to nearly 300 employees over the next five years.

About Five Below

Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. Five Below knows life is way better when you’re free to “let go & have fun” in an amazing experience filled with unlimited possibilities. With most items priced $1-$5, and some extreme value items priced up to just $10, Five Below makes it easy to say YES! to the newest, coolest stuff across 8 awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 950 stores in 38 states. For more information, please visit fivebelow.com.

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 and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

 

by Aug 03, 2020
Terracon continues to rise in ENR rankings of top design firms; Arizona office No. 13 in Southwest

Terracon continues to rise in ENR rankings of top design firms; Arizona office No. 13 in Southwest

News & Updates

     TEMPE, Ariz.  (August 3, 2020) – Terracon, a leading provider of environmental, facilities, geotechnical, and materials services, has continued a pattern of growth and market presence expansion, moving up in Engineering News-Record’s (ENR) annual listing of top design firms and top regional design firms.

Terracon’s Southwest regional offices in Arizona, Nevada and New Mexico have been named the No. 13 design firm on ENR’s list of Top Southwest Design Firms. Terracon’s Arizona offices are considered part of ENR’s Southwest Region. Overall, Terracon rose two spots to No. 22 on the ENR national list of Top 500 Design firms list.

“Our growth reflects the support we have seen from our local communities. It’s industrial, data center, energy and healthcare projects in Arizona, Nevada and New Mexico that have allowed us to continue on a path of expansion,” said Brent M. Borchers, P.E., Regional Manager for Terracon and Tempe office Senior Principal.

Terracon continues to advance in national rankings, with the following rankings for 2020:

  • Top 500 Design Firms: No. 22 (up from No. 24);
  • Top 100 Pure Designers: No. 11;
  • Terracon #1 in Asbestos/Lead Abatement for the 8th consecutive year.

The employee-owners at Terracon are dedicated to giving back to the community. The Terracon Foundation announced a $10,000 grant to Feeding America and matching of employee contributions to support the growing need for food assistance during the COVID-19 global pandemic.

In the past year the Arizona office locations have helped with Kids at Hope via their Charity Golf tournament; securing Terracon Foundation grants for University of Arizona College of Public Health; and donating to the Southern Arizona Research, Science and Engineering Foundation (SARSEF).

ENR conducts annual surveys of the construction industry’s key segments and ranks companies engaged in general contracting, specialty contracting, engineering, architecture, and environmental services, among other specialties. The rankings, based on annual revenue, are further divided into market categories and geographic regions.

Terracon is an employee-owned engineering consulting firm with more than 5,000 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states. Terracon ranks 22nd on Engineering News-Record’s 2020 list of Top 500 Design Firms. For additional information about Terracon, visit   terracon.com/phoenix.

by Aug 03, 2020
Terracon promotes Materials Department Manager Bart Pierce to Senior Associate   

Terracon promotes Materials Department Manager Bart Pierce to Senior Associate  

News & Updates

     TEMPE, ARIZONA (July 27, 2020) – Engineering consulting firm Terracon is pleased to announce the promotion of Materials Department Manager Bart Pierce to Senior Associate.

Terracon’s senior associate’s program recognizes and rewards employees who demonstrate consistently high performance and have strong potential for continued professional growth and career advancement.

Pierce manages Terracon’s Phoenix office Materials Department of roughly 25 employees consisting of project managers, field engineers and field/lab technicians. He supervises the preparation of proposals and cost estimates to clients, implements staff training, development and encourages high performance. Pierce, who has been with Terracon for 7 years, also leads business development activities to identify, develop, win and execute project opportunities and build and maintain client relationships.

“Bart has been key for the success of our office over the past 7 years,” said Brent M. Borchers, P.E., Regional Manager for Terracon and Tempe office Senior Principal. “We look forward to having him as the leader of the Materials Department to continue servicing our clients responsively, and building new relationships in the Phoenix market.”

A native of Mesa, Arizona, Pierce attended Mesa Community College and Arizona State University. He is a member of the American Welding Society, American Concrete Institute, American Society for Nondestructive Testing and the International Code Council.

Away from the office, Pierce enjoys mountain biking with his family, hunting, traveling in his RV and off-roading and snowboarding during the winter.

Terracon is an employee-owned consulting engineering firm with more than 5,000 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states. Terracon currently ranks 22nd on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.

To learn more about Terracon visit terracon.com/offices/phoenix/

by Jul 27, 2020
NAI Horizon negotiates $4.4M sale of Phoenix industrial building on behalf of Chicago RE firm

NAI Horizon negotiates $4.4M sale of Phoenix industrial building on behalf of Chicago RE firm

News & Updates

     PHOENIX, ARIZONA (July 23, 2020) – NAI Horizon Senior Vice President Isy Sonabend and agent Drew Eisen represented a Chicago-based real estate investment and development company in the $4.4 million acquisition of an industrial building in Phoenix.

NAI Horizon represented Industrial Outdoor Ventures of Schaumburg, Illinois, in the purchase of the 48,000 SF building at 2600 W. McDowell Ave., in Phoenix.

“The buyer is an investor in freight and trucking terminals nationally,” Sonabend said. “This property will go through extensive modernization and will be offered for lease only. This is a diminishing product type. Due to the scarcity of this property type, we have already experienced a lot of interest.”

The 10-acre site with service and warehouse buildings is a freeway-friendly location in Central Phoenix. The property is a multi-building distribution facility 3.7 miles from Downtown Phoenix with 17 foot to 20 foot clear heights, roll down doors and drive-in/through service bays.

The secure and paved site features three street ingress, providing immediate access to Phoenix’s major freeways, I-10, I-17, and US Highway 60.

Industrial Outdoor Ventures is a Chicago-based real estate investment and development company that specializes in providing real estate solutions for heavier industrial uses in major markets throughout the U.S. The company is focused on creating value for its tenants, host communities and investors through the acquisition, and long-term ownership of mission-critical Industrial Service Facilities (ISF), which feature a significant outdoor storage component.

The seller was D. Thompson Properties of Portland, Oregon.

 

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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro

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.

 

###

 

 

by Jul 23, 2020
Phoenix West Commercial posts best 1Q; closes 39 deals in first half of 2020 totaling $8.1M

Phoenix West Commercial posts best 1Q; closes 39 deals in first half of 2020 totaling $8.1M

News & Updates

     GOODYEAR, ARIZONA (July 22, 2020) – The West Valley continues to be a commercial real estate hotbed as Phoenix West Commercial professionals closed 39 transactions in the first two quarters of 2020, totaling $8.1 million.

Sales transactions totaled $2.3 million and total aggregate leases totaled $5.8 million as Phoenix West Commercial enjoyed its best first quarter ever.

Phoenix West Commercial also announced it moved into a new office at 700 N. Estrella Parkway, Suite 205, in Goodyear.

“The culture at Phoenix West Commercial is relationship-driven, so during the first few weeks of the COVID-19 pandemic we concentrated on getting details of the PPP and disaster relief information to our clients and businesses in our community,” said Bobbie Mastracci, CCIM, SIOR, Designated Broker/Principal of Phoenix West Commercial. “Towards the end of May, clients ready to move forward were calling and emailing us. There are positive stories in this pandemic. We’re glad to say it’s not been all doom and gloom.”

Phoenix West Commercial successfully leased ± 34,124 SF of grey shell office space at the Credit Union West Corporate office building, 10150 W. River Blvd., in Glendale, to four tenants in record-breaking time of just over three months. Credit Union West Corporate occupies ± 43,000 SF at the building which totals ± 80,000 SF.

The new tenants are KTO Law Firm, Online Trading Academy, BBSI and Adventure ABA. One spec suite of 1,876 SF remains vacant in the newly-completed building. The four deals totaled more than $2.5 million in lease values. Mastracci and her son, Eli, represented the Landlord in all four deals.

Mastracci and Associate Whitney Davis sold an industrial flex building at 2710 S. Litchfield Road, in Goodyear, that was on the market for lease only.

“The agent toured and said they really wanted to purchase it,” Mastracci said. “We asked the owner if she would sell. She said for $1 million. We negotiated back and forth and landed at $950,000. The owner recently closed her business and wanted to hold the asset for rental income. It was a price she could not pass up. This was a win-win situation for both parties.”

West Electric, Inc., was the buyer.

Industrial flex building at 2710 S. Litchfield Road, in Goodyear.

About Phoenix Commercial West

 

Phoenix West Commercial LLC is a commercial real estate brokerage located in Goodyear, Arizona. We have access to local, national, international deals, clients and properties. Phoenix West Commercial agents have true respect and encourage the communities’ evolution. Since 2012, our team has produced highly successful transactions. We serve and provide professional, commercial real estate services throughout Arizona and the U.S. We’ve helped customers in various industries and scenarios from banking, retail, medical, industrial, government, and land sales for investors, landlords and tenants. For more information visit phxwc.com.

 

 

by Jul 22, 2020