Sigma Contracting continues to build on its reputation despite a pandemic that wreaked havoc on the economy locally, nationally

Sigma Contracting continues to build on its reputation despite a pandemic that wreaked havoc on the economy locally, nationally

News & Updates

by | Nov 30, 2020 | News & Updates

      SCOTTSDALE, ARIZ. (Nov. 30, 2020) – No industry has escaped the wrath of the COVID-19 pandemic, including construction. While there have been many challenges and changes, Sigma Contracting Inc. has seen many positives as well.

Company officials said all of its existing projects continued without interruption, yet several new projects did not start when expected. As the fourth quarter came into play various new projects started despite circumstances.

“It goes without saying that 2020 will go down as an unusual year – good for some, bad for others,” said Sigma President Dan Hinkson. “We survived, and our employees stayed united. We’re proud that our 37-year-old culture and bonding solidified. While we experienced COVID issues both at the office and at job sites, everyone recovered and all are healthy.

 

Broth & Bao at SkySong in South Scottsdale.

Sigma Contracting projects of note in 2020:

  • Broth & Bao Asian restaurant TI, Scottsdale;
  • H-Mart Asian grocery store TI, Mesa;
  • Mountainside Fitness Shea ground up, Phoenix;
  • Papago Plaza site work, Scottsdale;
  • PetSmart corporate office renovations, Phoenix;
  • Phoenix Convention Center restaurant renovations, Phoenix;
  • Power and Hampton roads retail site work, Mesa;
  • Sanitas Medical Center TIs, two locations in Texas;
  • Swift Transportation additions and renovations, Phoenix;
  • W Hotel renovations, Scottsdale.

“COVID has been an ongoing mystery to almost the entire world, and no one truly understands this in terms of the ultimate magnitude of its impact to families and businesses,” Hinkson said. “There have been many adjustments made and new protocols and processes put in place to address it and ensure the safety and well-being of our people as well as those around us.

“We look to 2021 to hopefully allow the world to catch its breath and move life forward, even if with new rules and requirements,” Hinkson added.

Mountainside Fitness on Shea Road in Phoenix.

 

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.

Sanitas Medical Center in Texas.

 

by Nov 30, 2020
NAI Horizon negotiates $3.2M investment sale of Tucson self-storage facility, representing buyer

NAI Horizon negotiates $3.2M investment sale of Tucson self-storage facility, representing buyer

News & Updates

by | Nov 23, 2020 | News & Updates

    PHOENIX, ARIZ. (Nov. 23, 2020) – NAI Horizon Senior Vice President Denise Nunez and Associate Victoria Filice represented the buyer in the $3.2 million investment sale of America’s Best Storage in Tucson, Arizona.

NAI Horizon represented the buyer, 535 Wilmot Investors LP of Phoenix. The seller was America’s Best Self Storage LLC of Tucson, AZ. The asset is located at 7475 E. Old Vail Road in Tucson.

“The buyer approached me with a 1031 Exchange that they wanted to trade into self-storage. The Nunez Self Storage Group was able to identify three self-storage properties that met their criteria,” Nunez said. “This one was an off-market deal and the second closing of a three-property purchase – all non-related sellers.”

America’s Best Storage totals 70,240 NRSF and 330 units. It features a mix of standard, drive-up units and covered and uncovered RV parking. It features small, medium and large self-storage units ranging from 25 SF to 720 SF. It is located off East Valencia and East Old Vail 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.

 

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by Nov 23, 2020
Barclay Group flexes its development muscle for EoS Fitness, spurring growth of health club leader

Barclay Group flexes its development muscle for EoS Fitness, spurring growth of health club leader

News & Updates

by | Nov 23, 2020 | News & Updates

          PHOENIX (Nov. 23, 2020) – Barclay Group, the preferred real estate developer for EoS Fitness, continues to flex its development muscle for the health club leader, collaborating on the successful openings of three new EoS gyms in Phoenix and Tempe, Arizona, and Tampa, Florida.

EoS Fitness is a premier fitness operator with a differentiated fitness service offering in high demand, and the capacity to grow nationally. Barclay Group provides a fully integrated build-to-suit program to help EoS Fitness achieve its long-term growth and expansion into new markets.

Barclay Group is working on more than 10 new projects for EoS Fitness that will break ground in 2021 and 2022.

“Working with Barclay Group has allowed EoS Fitness to focus on our core business, helping people to be the best versions of themselves while giving us the ability to expand our services out to members in new areas nationwide,” said Rich Drengberg, CEO, EoS Fitness. “Thanks in large part to the work of Barclay Group, the success of our recent club openings has us planning for even bigger things in 2021 and beyond.”

“As developers, managers, and investors in real estate, Barclay Group is driven by the goals of our partners to enhance the places where we all live, work, and play,” said Jim Gardner, executive vice president, Barclay Group. “Partnering with EoS to bring their signature low cost, high-value fitness options to our communities adds tremendous value, and we look forward to expanding their reach even further in the coming years.”

Barclay Group has worked with EoS Fitness to complete and open fitness facilities around the U.S. They include:

  • 2019: Loop 303 and Bell, Surprise, Arizona; and Gilbert and McKellips roads, Mesa, Arizona;
  • 2020: I-10 and Warner, Tempe, Arizona; West Village Commons, Tampa, Florida; and Cave Creek and Cactus roads, Phoenix.

New projects currently underway include EoS Fitness locations in Gilbert and Glendale, Arizona; Roy, Utah; and Las Vegas, Nevada.

As companies look to expand or improve their physical footprint, Barclay Group provides customized real estate solutions in order to fulfill their property needs, while maintaining a portfolio of best-in-class operating assets.

 

About Barclay Group

Founded 30+ years ago, Barclay Group is a fully-integrated real estate development company with a nationwide presence. The group has offices in Tampa, Phoenix, and Boise, and the expertise in-house to manage the development process from start to finish, as well as property and asset management following construction. Barclay Group is an owner/operator with 2 MSF under management; an active developer with 10 MSF completed or under construction; and a trusted partner with $150 million in assets under management. Visit barclaygroup.com to learn more.

About EoS Fitness  

EoS Fitness, a leader in the fitness industry with its high value low price (HVLP)® gyms, is an inclusive and welcoming organization committed to empowering exercise practitioners of all experience levels. With existing locations in Arizona, Nevada, Southern California, Florida and Utah, EoS Fitness is rapidly expanding and currently operating and planning more than 75 locations. Providing serious fitness options, EoS Fitness offers the best equipment, high-energy workout classes, extensive personal training options, and at-home workouts starting at just $9.99 per month. EoS Fitness’ nearly 500 trainers have the knowledge and technical expertise to help members find their personal passion for wellness, develop daily fitness habits and achieve their goals. Visit EoSfitness.com to learn more.

 

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by Nov 23, 2020
Bobbie Lorraine Mastracci, CCIM, SIOR, to serve on 2021 CCIM Institute Executive Committee

Bobbie Lorraine Mastracci, CCIM, SIOR, to serve on 2021 CCIM Institute Executive Committee

News & Updates

by | Nov 16, 2020 | News & Updates

    GOODYEAR, ARIZ. (Nov. 16, 2020) – Bobbie Lorraine Mastracci, CCIM, SIOR, Designated Broker/Principal of Phoenix West Commercial, was named to the CCIM Institute’s 2021 Executive Committee at the organization’s Annual Governance Meetings held virtually Oct. 21-23 and 26-29.

The CCIM Institute confers the Certified Commercial Investment Member designation, commercial real estate’s global standard for professional achievement. The CCIM Institute is one of the largest commercial real estate networks in the world with members in more than 30 countries.

“It’s an honor to be chosen by my fellow CCIM peers to have the privilege serve the CCIM organization in the Executive Committee for the next two years,” Mastracci said. “When I was pinned on October 16, 2008, in Chicago by the then Central Arizona CCIM Chapter President, David Verwer it changed my career in a way that was unexpected.

“My CCIM family has been supportive and encouraging from my first visit to a CCIM chapter breakfast that David Miller invited me to that gives me the desire to give back and have my sons, Eli and Giuseppe, follow the CCIM journey.”

Mastracci served as President of the Central Arizona CCIM Chapter in 2013 and 2016. She has also served as Treasurer and Vice President and board member of the chapter since 2007. She was the 2014 CCIM First Regional Vice President, 2015 CCIM Regional Vice President and Co-Founder of the West Valley Commercial Real Estate Group. She currently chairs the chapter’s Education Committee.

The full 2021 Executive Committee includes: President Timothy S. Blair, CCIM, partner at Shannon Waltchack in Birmingham, Ala.; President-Elect Leslie G. Callahan III, CCIM, president of First Colony Financial Corporation in Atlanta; First Vice President David Schnitzer, CCIM, partner at ASCEND Commercial Real Estate in Dallas; Treasurer Steve Rich, CCIM, senior director of retail services at Colliers International in Charlotte, N.C.; Past President Eddie D. Blanton, CCIM, principal and senior advisor with Tradd Commercial in Charlotte, N.C.; Andie Edmonds, CCIM, managing partner and principal broker at NAI Cascade in Bend, Ore.

Chad Gleason, CCIM, managing director at Pentavirate Global Investments in Bellevue, Wash.; Charlie Mack, CCIM, president at Mack Realty in Las Vegas; Lou Nimkoff, CCIM, principal at Brio Companies in Winter Park, Fla.; K. Teya Moore, Esq., CCIM, broker at Benjamin and Banks Real Estate, LLC in Bowie, Md.; Evelyn Ward, CCIM, vice president at Transwestern in Houston; David Wilson, CCIM, vice president of real estate development at Ryan Companies in Cedar Rapids, Iowa; and CCIM Institute Executive Vice President/CEO Greg Fine, FASAE, CAE.

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.

 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 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.

 

 

 

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by Nov 16, 2020
NAIOP Arizona Developing Leaders Young Professionals cap year with team competition

NAIOP Arizona Developing Leaders Young Professionals cap year with team competition

News & Updates

by | Nov 12, 2020 | News & Updates

     PHOENIX, Ariz. (Nov. 12, 2020)  – A record 24 protégés were honored as the Arizona Chapter of NAIOP’s Developing Leaders Young Professionals Group (YPG) mentorship program hosted graduation for the 2019-2020 class.

     Mentors and protégés gathered November 4 at The Gladly for a socially-distanced reception, presentations and dinner. The 24 protégés, grouped into five teams, each pitched a development proposal to a potential equity partner.

      As part of their equity partner’s review of the development proposals, judges were looking for the project that meets the highest and best use of the site as well as provides the most optimal economic returns (projected investment returns).

       This year’s site was the NWC North 56th Street & West Galveston Street in Chandler. Teams had the option of developing the entire site or a portion of it. Team 3’s Eagle Landing concept took home top honors. Team members included Michael Roberts, JDM Partners; John Coughlin, Prologis; Diego Almaral, Strategic Office Partners; Alex Anstey, Willmeng Construction; and Drew Sampson, Avison Young. Cathy Thuringer of Trammell Crow Company was mentor of the winning team.

      “The YPG teams this year were faced with the challenge of working on their projects primarily through Zoom calls, but each team rose to the occasion and delivered very thoughtful development ideas for the site,” said Thuringer. “I am always impressed with the level of creativity and enthusiasm the protégés bring to this program and am honored to have once again served as a mentor for this great program.”

       Additional mentors for this year’s class were Phil Breidenbach, Colliers; John Orsak, Lincoln Property Company; and Jeff Foster, Prologis. Judges were Phil Haenel, Cushman & Wakefield; and Cullen Mahoney, Trammell Crow Company.

     Program chairs were Mollie Zemer, Barclay Group; and Josh Tracy, Ryan Companies US.

     “The YPG program gives Developing Leaders from all sides of the industry a unique opportunity to learn about how a development comes together while collaborating and networking with their peers,” Zemer said.

      The rest of the protégés include:

       Team 1: Brice Pall, Enterprise Bank & Trust; Jim Bulsiewicz, Hines; Ashley Dykstra, Kinney Construction; Jackson Paquette, SRP; David Stull, CBRE, Inc.; and Jonathan Loe, Sherman & Howard.

       Team 2: Ryan Kates, Berger Holdings; Joey Hakola, RED Development; Ian Kennedy, The Remson Group; Stephanie Lanman, Leading Edge Real Estate; and Franklin Lee, Arizona State University.

       Team 4: Christopher Campbell, BNC National Bank; Ashley Nye, Trammell Crow Company; Taylor McDonald, Whiting-Turner; Aaron Fox, Cushman & Wakefield; and Austin Knebel, LevRose Commercial Real Estate.

       Team 5: John Schott, Everest Holdings; Adam Olson, CEVA Logistics; and Mike McWilliams Jr., Plaza Companies.

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About NAIOP

NAIOP, a 20,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.

 

by Nov 12, 2020
Capital Hall Partners completes 1st Opportunity Zone redevelopment in the Tempe Maker District

Capital Hall Partners completes 1st Opportunity Zone redevelopment in the Tempe Maker District

News & Updates

by | Nov 12, 2020 | News & Updates

The HUB, a Capital Hall Partners redevelopment project, was recently completed and is ready for tenants. After 15 months of planning, design, engineering, and construction, the once functionally-obsolete 1960s industrial warehouse building has been completely reconstructed into a modern, versatile, healthy and sustainable office building.

The HUB is a 50,320 SF single-story building located in the newly designated Tempe Maker District and in a Qualified Opportunity Zone. The property sits on the NWC of Hardy and Alameda Drive — a prime location minutes from seven major freeways, ASU, Downtown Tempe, Sky Harbor International Airport, 218 restaurants, 46 hotels, and two major shopping centers.

The HUB redevelopment concentrated on achieving three goals – build an environmentally sustainable project, design a healthy building that employees will enjoy and feel safe, and lastly, lower the building’s operational cost.

To achieve these goals, all possible building demolition components were repurposed or recycled.  The HUB features a new 14,000 SF outdoor workspace that serves as the main entry and building amenity. The outdoor workspace area is shaded with 458 photovoltaic panels engineered with a “net zero” energy goal to offset nearly the entire electrical demand of the redeveloped office building.

New high-efficiency dual panel windows and doors were cut into the exterior walls providing amply natural lighting to the interior spaces. The east, south, and north windows are shaded to further reduce heat gain and provide a unique architectural look.  In addition, the existing roll-up doors were replaced with glass roll-up doors opening the interior to exterior.

These doors are multi-purpose – provide an open feel to the building, provide natural light to the interior, and increase the outdoor air intake.  The new roof with a 10-year guarantee will reflect heat, increase insulation, and eliminate water leakage ultimately reducing mold and mildew.  The 4.3-acre property features new drought-tolerant landscape designed to reduce water use and a pervious surface parking lot designed and engineered to reduce the heat island and reduce stormwater runoff. The new LED lighting illuminates the parking lot that will accommodate six cars per 1,000 SF of office area.

“Our goal at the beginning was to create a unique and interesting workspace that is healthy, environmentally sustainable, socially responsible, and financially viable.  The results of the redevelopment have exceeded our expectations.  We look forward to incorporating the planned state of the art technologies for a tenant to lower operating costs, increase healthy building standards, and maintain our goal for building a healthy and sustainable project that will lift the economic viability of the area,” said Michael Bronska, Managing Member.

The tenant improvements planned for the interior incorporates touchless everything including doors, restrooms, and high efficiency LED lighting.  Also, to be installed are energy-efficient HVAC systems that will promote enhanced air exchanges, air filtration, and reduced operating costs for tenants while providing the required comfort and safety of employees.

by Nov 12, 2020
Paul Johnson Drywall named to Arizona Corporate Excellence Top Privately-Held Companies list; firm is industry contractor

Paul Johnson Drywall named to Arizona Corporate Excellence Top Privately-Held Companies list; firm is industry contractor

News & Updates

by | Nov 11, 2020 | News & Updates

PJD earns honors from Phoenix Business Journal, is ranked No. 34

        PHOENIX, ARIZONA (Nov. 11, 2020) – Paul Johnson Drywall, Inc. (PJD) is pleased to announce that the company was named to the Phoenix Business Journal’s 2020 Arizona Corporate Excellence (ACE) List of the Top Privately-Held Companies in Arizona. PJD earned a ranking of No. 34, based upon the company’s revenue. ​

Each year, the Phoenix Business Journal solicits nominations from private companies throughout Arizona to be considered for its Top Private Company List. The nominations are then researched and compiled by the CliftonLarsonAllen LLP accounting firm and ranked by the previous year’s revenue.

“We are pleased to have been recognized by the Phoenix Business Journal and its judges as one of the top privately-held companies in the state of Arizona,” said Cole Johnson, president of Paul Johnson Drywall. “Like the other companies on the list, PJD is focused on delivering our customers the products and services they need to succeed in their business. We know that we are only as successful as our customers so making their business needs a priority at PJD we all succeed with our teams.”

PJD’s honor was based on a 2019 revenue of $68.3 million. The company has 1,769 employees, 1,221 in Arizona.

During the research process, PJD was asked about its business practices, growth strategies, management team and employment practices. In addition to various innovations, PJD explained how through implementing specific employment and business practices the company is raising the bar and embracing its role as a leader in the industry.

Specifically, the company is a top-paying industry contractor, typically exceeding prevailing wages in all categories, and is a leader in establishing best industry practices in employment and benefits, customer service, safety and technological advancements.

About Paul Johnson Drywall:

Established in 1967, Paul Johnson Drywall is an Arizona-based drywall contractor and one of the largest in the Southwestern United States with offices located in Phoenix, Tucson and Prescott, Arizona and Las Vegas. The family-owned business has long-been the drywall contractor of choice for the most prominent single-family and multi-family builders, providing on-time, high-quality drywall and related construction services for projects across the region. With safety, efficiency, quality and professionalism as its core values, Paul Johnson Drywall attracts and maintains the best crews, meets deadlines, and delivers exceptional craftsmanship, which has established the company’s reputation as a leader in the industry. More information is available at pauljohnsondrywall.com.

 

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by Nov 11, 2020
Jennings Haug Cunningham earns “Best Law Firm” Ranking from 2021 Best Lawyers in America

Jennings Haug Cunningham earns “Best Law Firm” Ranking from 2021 Best Lawyers in America

News & Updates

by | Nov 11, 2020 | News & Updates

 Firm earns top ranking in Metro Phoenix in 14 practice areas including construction, environmental, energy and energy regulatory, insurance, personal injury and real estate litigation     

 

PHOENIX, ARIZ. (Nov. 11, 2020) – Jennings Haug Cunningham earned top honors from the Best Lawyers in America®, a preeminent legal peer ranking, which recognized the firm as a 2021 Best Law Firm in its local and national rankings.

Jennings Haug Cunningham earned top ranking in Metro Phoenix for construction law & litigation, energy and energy regulatory law, environmental law, natural resources law, insurance law, real estate litigation and personal injury litigation; and nationally earned top rankings in construction law and litigation.

The Best Lawyers in America® recognizes law firms each year, naming firms and practice areas ranked by the legal community as top tier providers nationally, by state and by metropolitan area. Firms included in the 2021 Edition are recognized for professional excellence with consistently impressive ratings from clients and peers.

Twelve attorneys with Jennings Haug Cunningham are recognized by The Best Lawyers in America® in 14 practice areas, making the firm eligible for rankings as a Best Law Firm in these areas.

The 2021 rankings are based on the highest number of participating firms and the highest number of client ballots on record. To be eligible for a ranking, a firm must have a lawyer listed in The Best Lawyers in America®, which recognizes the top five percent of practicing attorneys in the U.S. Over 16,000 attorneys provided more than 1.125 million law firm assessments, and nearly 12,000 clients provided more than 107,000 evaluations.

 

About Best Lawyers in America®

Best Lawyers is the oldest and most respected peer-review publication in the legal profession. A listing in Best Lawyers is widely regarded by both clients and legal professionals as a significant honor, conferred on a lawyer by his or her peers. For more than three decades, Best Lawyers lists have earned a reputation as the most reliable, unbiased source of legal referrals anywhere.

 

About Jennings Haug Cunningham: Founded in 1937 in Arizona, Jennings Haug Cunningham is a litigation law firm with extensive trial, litigation management, dispute resolution and complex litigation experience. The firm’s 23 attorneys focus in areas of insurance defense, financial institution litigation, environmental law, construction and contract litigation, surety and fidelity law, lawyer and professional liability, complex civil litigation, personal injury, employment, family law and domestic relations, probate and estate planning, and municipal risk litigation for businesses and individuals. For additional information, visit www.JHC.Law.

 

 

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by Nov 11, 2020
NAI Horizon negotiates $4.15M land sale of property that will house 135,000 SF flex building

NAI Horizon negotiates $4.15M land sale of property that will house 135,000 SF flex building

News & Updates

by | Nov 10, 2020 | News & Updates

     PHOENIX, ARIZ. (Nov. 10, 2020) – NAI Horizon Senior Vice President Rick Foss represented the seller in the $4.15 million sale of 9.6 acres on which the buyer plans to construct a 135,000 SF office/showroom/warehouse building on the site.

NAI Horizon represented the Thomas and Olivia DuVall Trust of Phoenix in the land sale at 5824 S. 38th St., in Phoenix. The property was in escrow for almost a year while the buyer/developer rezoned it from S-1 to a Commerce Park/General Commerce Park (CP/GCP) option. The buyer/developer will construct the building for its tenant.

“This location is one of the last remaining large, undeveloped infill parcels in the Central Phoenix, Sky Harbor or North Tempe submarkets,” Foss said. “The sale price establishes a high-sale comp for infill land.”

The buyer, Bondar Holdings, LLC, an Arizona limited liability company, was represented by Ton Bagneschi of Insight Land and Investment.

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.

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by Nov 10, 2020
Cottonwood Bar & Grill in Sun Lakes Community sizzles with modern new look, safety measures

Cottonwood Bar & Grill in Sun Lakes Community sizzles with modern new look, safety measures

News & Updates

by | Nov 9, 2020 | News & Updates

       PHOENIX, ARIZ. (Nov. 9, 2020) – A restaurant at one of Arizona’s iconic active adult communities recently underwent a refresh that also adheres to safety protocols implemented during COVID-19.

The Sun Lakes Community in Sun Lakes, Arizona, wanted to refresh the restaurant and bar, Cottonwood Bar & Grill, 25630 S. Brentwood Drive, with a new look and feel that made the establishment more appealing to members as well as its guests.

“The space had good bones, but the bar had carpet, mirrored ceilings and 80s lighting that needed to hit the dumpster,” said Beth Katz of KatzDesignGroup. “They wanted a space to bring their kids and grandkids to that felt modern, fresh and inviting.”

          KatzDesignGroup moved the beverage and condiment servery station to the unused area of the bar, created a new permanent buffet and created more flexible areas for gathering in the bar dining area.

“The client hosts numerous community parties and events and wanted to have a more permanent buffet for those events,” Katz said. “Relocating the servery area opened the restaurant and bar space, allowing more seating and natural light. The light brick, wallcovering and warm woods all helped create an updated aesthetic.

“We put in a light LVT (luxury vinyl) wood floor, brick pilasters, wallcovering, Crypton velvets and faux alligator vinyls,” Katz said. “We installed warm wood paneling and branded tables with custom twisted metal bases. The lighting above the bar takes elements of the metal fencing at a ballpark with the round baseball-style LED Edison bulb lamps.”

The space always provided a sports bar atmosphere but now is more like an upscale clubhouse. The tables have been socially distanced with temporary Plexiglas partitions installed between the booths for the health and safety of diners.

“I watched a webinar on Restaurant Design During Covid and they spoke about an antimicrobial paper for multiple usage. I mentioned it to the client as an option for single-use menus and he was thrilled with a less expensive safeguard for Cottonwood Bar & Grill patrons.”

The project team comprised Mike Hall, Michael Hall Architect; Kirk Hoffman, Maven Engineering; and John Arnett, Farnsworth Construction. Notable subcontractors included LionCraft (custom lighting, booths, banquette and millwork).

The lighting above the bar takes elements of the metal fencing at a ballpark with the round baseball-style LED Edison bulb lamps.

 

 

 

 

 

 

About KatzDesignGroup:

KatzDesignGroup is a full-service interior design firm specializing in commercial tenant improvements, healthcare, and restaurant interiors. Our mission is to remain on the cutting edge of design utilizing the most current technologies and sustainable products to create modern and engaging commercial interiors.  Our goal is to embrace and highlight the best of our client’s corporate culture and philosophies and innovate that concept into a built interior environment.  We strive to create fresh branded environments bringing business concepts to life.  Our interior layout, lighting, and custom millwork create spaces that are memorable and engaging.  For more information visit www.katzdesigngroup.com.

 

by Nov 09, 2020