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

by | Jul 23, 2020 | 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.

 

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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

by | Jul 22, 2020 | 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
Land Advisors Organization’s Phoenix team closes on 154 partially-improved lots in Tortosa master-planned community to KB Home for $4.95M

Land Advisors Organization’s Phoenix team closes on 154 partially-improved lots in Tortosa master-planned community to KB Home for $4.95M

News & Updates

by | Jul 22, 2020 | News & Updates

     SCOTTSDALE, ARIZONA (July 22, 2020) – Land Advisors Organization Scottsdale is pleased to announce the sale of 154 partially-improved lots within the master-planned community of Tortosa, which is located in Maricopa, Arizona. The property sold for $4.95 million to KB Home and is near the NEC of Hartman Road and Bowlin Road.

The sale was arranged on behalf of the seller by Bret Rinehart, Ryan Semro, Ben Heglie and Greg Vogel, who specialize in home builder developments and master-planned communities throughout Arizona for Land Advisors Organization’s Metro Phoenix office. The firm continues to advise clients on this product type and is working on several similar projects in the area.

“It was our pleasure assisting the seller in the sale of these lots to KB Home,” Semro said. “We expect KB Home to be a wonderful addition to an already stout builder lineup at Tortosa, which already includes Ashton Woods, Starlight Homes, and DR Horton.”

Approximately 40 miles from Downtown Phoenix, the Tortosa master-planned community is ideally located minutes from State Route 347 with shopping and dining nearby. The family-friendly community also offers residents lifestyle amenities including playgrounds, bike trails, basketball and volleyball courts, as well as several parks.

 

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.

 

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by Jul 22, 2020
CPR Construction Cleaning expands its footprint with Utah team, growth of its Arizona operation

CPR Construction Cleaning expands its footprint with Utah team, growth of its Arizona operation

News & Updates

by | Jul 20, 2020 | News & Updates

      GILBERT, ARIZ.  (July 21, 2020) – A team in Utah. Growth of its Arizona office to more than 40 employees. A disinfecting service for COVID-19-related mitigation.

Since launching in 2019, CPR Construction Cleaning has experienced tremendous growth the past six months with plans to expand to California and Nevada.

Founded by restoration and facility maintenance professionals Corina Burton and Patrick Maez, co-owners and CEOs, the Gilbert-based firm offers three phases of cleaning: progress/rough cleaning, final cleaning and touch-up cleaning.

CPR’s approach to the disinfecting process has helped it secure clients as the nation wrestles with the COVID-19 pandemic. It is constantly receiving calls from businesses looking for disinfecting services. Maez said April was CPR’s busiest month for work volume. CPR tests all its employees for the virus if they are feeling cold-like symptoms.

“I’m pleasantly surprised by how busy we’ve been,” Burton said. “However, we do want to be mindful about how fast we’ve been growing. Moving into Utah proved to be a great move. It has opened more opportunities and has put us in front of some key players in that state’s construction industry.”

Burton said CPR partners with its general contractor clients “in such a way that we help alleviate additional expense.” With large projects, there are numerous entities involved in so many phases.

“A final build-out can have all the bells and whistles, but once the owner comes and walks the property, he or she are usually upset if the building is not clean,” Burton said. “To ownership, looking nice and clean when they take occupancy is very important.”

CPR has a large contract in Utah for student housing at Utah Valley University in Orem. This project takes up one of CPR’s five teams. Another team is currently working at a 193-suite resort under construction in Fountain Hills. That team, Burton said, is locked in for two months.

“Not all our projects are that long,” she said, adding that some take one or two days or a week to complete. “The resort is very complex with different phases of construction.       We have been growing significantly from Day 1. Every job site our teams go on has four to 10 people. As we grow, we continue to create new teams. I feel every month or every other month we are having to grow our team(s).”

Burton said CPR teams have disinfected office buildings, schools and medical office buildings. CPR recently completed a major disinfecting job at St. Luke’s Medical Center.

“Pre-cleaning the space is a very important, first step,” Burton said. “It’s a wipe down of all ‘high-touch point’ and flat surface areas followed by a fogger that produces a liberal spray that ensures a complete and safe sanitization and disinfected space.”

Burton said she expects CPR to be even busier once COVID-19 subsides. Since it’s considered an essential business, construction has remained brisk in the Valley and in the Southwest.

Burton said CPR’s biggest success so far is “having a company that is making a difference in the construction industry. We have had multiple clients provide feedback on how grateful they are in having a specialized cleaning company focused on all of the right aspects of our side of the business.”

CPR’s biggest challenge so far?

       “Our biggest challenge has been navigating through all of the growth we are experiencing,” Burton said. “On the one hand it has been extremely exciting but on the other hand, there are a lot of challenges that come when trying to grow a company too quickly. We never want to get to a point where we are over-promising and under-delivering. Our number one priority is to ensure our quality of service stays at the highest level at all times.”

For more information, visit cprclean.com.

Members of the CPR Construction Cleaning team on the job site at Utah Valley University in Orem, Utah.

 

 

by Jul 20, 2020
Hunter Contracting Co. putting finishing touches on $22.5M roadway widening in Oro Valley, AZ  

Hunter Contracting Co. putting finishing touches on $22.5M roadway widening in Oro Valley, AZ  

News & Updates

by | Jul 20, 2020 | News & Updates

         TUCSON, ARIZONA (July 20, 2020) – Increased traffic capacity and enhanced safety for pedestrians are close to getting the green light as Hunter Contracting Co. nears completion of a major reconstruction project that will widen a key intersection in Tucson in the Town of Oro Valley, Arizona.

The $22.5 million La Cholla Boulevard Phase II Overton to Tangerine and water main replacement at 9801 N. La Cholla Blvd., consists of:

  • Reconstruction of three traffic signals at the intersections of La Cholla Boulevard with Lambert Lane, Naranja Drive and Glover Road with signalized and marked pedestrian crossings;
  • Widening to four lanes including raised landscaped median, curbs, multi-use path, and sidewalk;
  • Construction of major drainage facilities.

“We were elated with this project win in 2018 and appreciate working with the Town of Oro Valley again,” said Chuck English, President of Hunter Contracting Co. and Chairman of the Board of Directors for the AGC Arizona Chapter. “Our current focus is to complete the work in order to open up all of the new infrastructure for the Town, schools and most importantly, the residents.”

The work includes furnishing all labor, materials and equipment necessary to reconstruct the roadway, traffic signals and to construct all conduit, median cuts, ADA-compliant curb access ramps, striping, signing and utility coordination.

Improvements were made possible by the Regional Transportation Authority (RTA). Two of the intersections serve two schools along the corridor as well – Wilson Elementary School and Ironwood View High School. There was major coordination with bus routing during construction.

Construction began January 3, 2019; completion is expected in early September.

“The La Cholla Boulevard widening project improved a critical link between the Town of Oro Valley and the City of Tucson,” said Brian Janski, Project Sponsor and Project Manager for Hunter Contracting Co. “The team mentality between the owner, contractor and multiple stakeholders, including multiple utility providers, contributed to a successful project. In this challenging labor market, with the assistance of the AGC training programs, we were able to successfully deliver projects meeting timeframes and owner budgets.”

The project comprises 3.3 miles of roadway construction, four Con-Arch™ drainage structures, 42,500 SF of sidewalk, more than 40,000 LF of curb, 125,000 SF of concrete channel lining, three signalized intersections and 10,875 LF of reinforced concrete pipe storm drain.

AECOM is the engineer of record on the project. Other notable subcontractors include Tucson Asphalt, paving; Mountain Power, traffic signals; Brightview Landscaping, landscape; and Rockridge Construction, rip rap.

            “The La Cholla Boulevard widening project is a major north-south corridor for the entire Tucson region. This project transforms what was once a little rural two-lane, no shoulder road into a major arterial capable of handling present as well as future traffic demands. In addition, the project fixes many dangerous side street blind spots and protects wildlife crossing linkages. It is a project several years in the making and Hunter Contracting Co. building it in less than two years,” said Paul Keesler, P.E., Director/Town Engineer, Department of Public Works, Town of Oro Valley.

“Hunter Contracting Co. has been an outstanding partner. They have been responsive to Town staff, our partners Pima County and the Regional Transportation Authority, along with providing excellent communication and response to the impacted property owners along La Cholla Boulevard. With a project of this scope, with so many challenges – not to mention COVID-19 thrown into the mix – Hunter Contracting Co. has powered through all the adversity of 2020 to deliver. This project is on schedule and on budget. That’s saying something,” Keesler said.

About Hunter Contracting Co.

In 1947, William R. Hunter began constructing concrete-lined ditches for farmers across the East Valley and he formed Hunter Ditch Lining (HDL) a year later. Armando Taddei joined HDL and after a few years of working for the company, Mr. Taddei purchased HDL in 1961. The same year, Mr. Taddei founded Hunter Contracting Co. (Hunter). The company is currently led by Max Taddei, Chairman of the Board, and Amy Ostwinkle, Corporate Secretary, as the third generation of the Taddei family to lead Hunter.

Hunter is a heavy site/civil construction company specializing in preconstruction and construction services in transportation, water and wastewater, parks and recreation, underground utilities and rehabilitation, site development, and irrigation and flood control. Hunter has offices in both Gilbert and Tucson to provide an outstanding project experience to public and private clients and industry peers throughout Arizona. Hunter continues to diversify through acquisition of a revolutionary product known as Con-Arch™. Con-Arch has made it possible for Hunter to construct concrete arches, substituting for box culverts, at reduced cost while offering improved aesthetics and increased structural integrity. For more information, visit www.huntercontracting.com.

 

 

by Jul 20, 2020
Terracon promotes Senior Scientist Jennifer Thies to manage its Environmental Department  

Terracon promotes Senior Scientist Jennifer Thies to manage its Environmental Department  

News & Updates

by | Jul 20, 2020 | News & Updates

     TEMPE, ARIZONA (July 20, 2020) – Engineering consulting firm Terracon has announced the promotion of Senior Scientist Jennifer Thies to Environmental Department Manager.

As Environmental Department Manager, Thies is responsible for overseeing the Environmental Services Groups. This includes Site Assessments, Investigation (Phase I /Phase II ESAs) and Remediation; Asbestos and Lead; Telecom; Environmental Planning; Industrial Hygiene; Solid Waste and Brownfields; and Regulatory Compliance.

Thies, who has been with Terracon for 3 years, will supervise the preparation of proposals and cost estimates to clients, implement staff training, development and performance. She will also lead business development activities to identify, develop, win and execute project opportunities and build and maintain client relationships. Thies is a Certified Environmental Manager and a registered Sanitarian.

“Ever since Jennifer and I started our professional journey together, I’ve been incredibly impressed by the progress she’s consistently made,” said Chuck Reynolds, Senior Principal and Senior Client Development Manager for Terracon’s Rocky Mountain Division. “Jennifer’s values and work ethic allow her to feel at home here at Terracon, not only professionally but also personally. With Jennifer at the helm of our incredibly talented environmental professionals, her team and the company will continue to develop incredible opportunities and growth.”

Thies was born and raised in Southern California. She earned a B.S. in environmental sciences from the University of California-Riverside. She moved to Arizona completing her M.S. degree in environmental management from the University of Maryland.

She is a member of the Arizona Department of Environmental Quality’s Wastewater Discharge Advisory Group; Artemis Leads Group; Solid Waste Association of North America; and Environmental Professionals of Arizona.

Thies has been married to her husband Tim for 13 years. They have two boys, ages 11 and 9. This summer they have adventured out in their new motorhome with trips through Colorado and Sedona.

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.

by Jul 20, 2020
NAI Horizon’s Tucson office negotiates $11.55M sale of fully occupied, 2-story medical building

NAI Horizon’s Tucson office negotiates $11.55M sale of fully occupied, 2-story medical building

News & Updates

by | Jul 16, 2020 | News & Updates

     TUCSON, ARIZ. (July 16, 2020) – NAI Horizon represented the seller in the $11.55 million sale of a two-story, fully occupied medical building at 535 N. Wilmot Road, in Tucson.

Justin Lanne and Andrew Sternberg with NAI Horizon’s Tucson office represented the seller, 535 Wilmot Investors, an affiliate of The Schomac Group. The buyer, AP MP, LLC, an affiliate of MBRE Health Care, closed escrow on the investment property on July 7.

The asset is a 40,936 SF medical building which is wholly occupied and leased to Banner Health, Inc. Banner Health has been a long-term tenant and just renewed its lease for another 10 years. Banner’s Diamond Children’s Multispecialty Service Clinic and Whole Health Clinic occupy each floor of the building.

“I sold the empty building to an affiliate of the seller in December of 2002,” Lanne said. “The asset was held by a lending institution at that time. The previous tenant was Cigna Health Care.”

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 16, 2020
Sales of West Valley industrial, retail buildings highlight recent deals closed by NAI Horizon

Sales of West Valley industrial, retail buildings highlight recent deals closed by NAI Horizon

News & Updates

by | Jul 14, 2020 | News & Updates

PHOENIX, ARIZ. (July 14, 2020): Sales of an industrial building and a retail building – both in the West Valley – highlight recent deals closed by NAI Horizon professionals. The deals totaled $520,000 and were closed by Matt Harper, CCIM, who also negotiated six long-term leases across the Valley.

Sale Transactions:

Matt Harper, CCIM negotiated a sale of a 2,948 SF industrial building representing the buyer, IEMAD, LLC for $300,000. The property is located at 6070 N. 57th Ave., Glendale, AZ. The seller, Jordan M. Hall was represented by Ryan Cope with Campbell Realty Advisors.

Matt Harper, CCIM negotiated a sale of a 1,916 SF retail building representing the Seller, Saul and Silvia Aranda for $220,000. The property is located at 203 E. Western Ave., Avondale, AZ. The buyer, Pot of Gold Estate Liquidators, LLC was self-represented.

Lease Transactions:

Laurel Lewis represented the tenant, Paradigm Design, P.C. in a 65-month office lease for 4,148 SF at 4250 N. Drinkwater Blvd., Scottsdale, AZ. The landlord, PHX LTC, LLC was represented by Pat Boyle with Cushman & Wakefield.

Jeff Adams represented the landlord, Kelly J. Bohannon & Pamela J. Sands Family Trust in a 37-month industrial lease for 6,326 SF at 3220 N. Delaware Street, Chandler, AZ. The tenant, Davis Technologies, LLC was represented by Matt McDougall with Lee & Associates of Arizona.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Squeezed Arizona, LLC in a 63-month industrial lease for 4,853 SF at 407 S. 107th Avel., Tolleson, AZ. The landlord, Oxnard Commerceplex, LLC and AZEJM Land Holdings, LLC was represented by James Cohn with CBRE.

Matt Harper, CCIM represented the landlord, B & A, LLC in a 40-month retail lease for 3,000 SF at 520 W. Union Hills Drive, Phoenix, AZ. The tenant, MLS ARMS, LLC was self-represented.

 Matt Harper, CCIM represented the landlord, Emad & Sons, LLC in a 39-month retail lease for 850 SF at 6514 W. Bethany Home Road, Glendale, AZ. The tenant, Extreme Phone Wireless, LLC was represented by Larry Miller & Mike Vercellino with Mutual Property Advisors.

 Matt Harper, CCIM represented the landlord, E & L Investments, LLC in a 36-month retail lease for 1,000 SF at 2647 W. Glendale Ave., Phoenix, AZ. The tenant, Omegarhema, LLC was self-represented.

 Laurel Lewis represented the tenant, Craig Penrod, PC in a 12-month office lease renewal for 1,885 SF at 301 W. Warner Road, Tempe, AZ. The landlord, Warner Courtyards was self-represented.

 Matt Harper, CCIM represented the tenant, Community Central, LLC in a 38-month retail lease for 1,200 SF at 7420 W. Cactus Road, Peoria, AZ. The landlord, Gill Family Trust was represented by Matthew Scrauth with Avison Young.

Kevin Higgins represented both the landlord, Bogle Family Realty, LLLP and the tenant, Coriano & Riesop Insurance, LLC in a 24-month office lease for 878 SF at 7227 N. 16th St., Phoenix, AZ.

 Matt Harper, CCIM represented the landlord, E&L Investments, LLC in a 37-month retail lease for 1,000 SF at 12416 N. 28th Dr., Phoenix, AZ. The tenant, Kemarnie Clarke was self-represented.

 Matt Harper, CCIM represented the landlord, Hillcrest Plaza, LLC in a 25-month retail lease for 1,000 SF at 1241 E. Broadway Road, Mesa, AZ. The tenant, 13onup, LLC was self-represented.

 

About NAI Horizon

 

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices 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.

 

 

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by Jul 14, 2020
Tempe engineering consulting firm Terracon promotes Jennifer Tran, P.E., to Senior Associate

Tempe engineering consulting firm Terracon promotes Jennifer Tran, P.E., to Senior Associate

News & Updates

by | Jul 13, 2020 | News & Updates

TEMPE, ARIZONA (July 13, 2020) – Terracon, an engineering consulting firm, is pleased to announce that Jennifer Tran, P.E., has been promoted 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.

Tran has been with Terracon for 14 years. Tran will continue her position of Senior Project Manager. Tran manages national accounts, clients and projects both locally and nationwide. She has served as office lead for the Terracon Avondale office since 2018. She also trains and mentors colleagues and reviews their work.

“Jennifer lives, breathes and demonstrates Terracon’s values of caring, courage, curiosity, excellence, integrity and prosperity for her clients, the company and herself,” said Chuck Reynolds, Senior Principal, Senior Client Development Manager for Terracon’s Rocky Mountain Division. “As employee-owner, Jennifer is recognized for her contributions to our success locally, regionally and nationally.”

Tran is a member of the American Society of Civil Engineers and Geo-Institute. She was an officer and served on the GI Institute Arizona Chapter board of directors for 5 years. She is the American Council of Engineering Companies (ACEC) West Valley Liaison chairperson.

A native of Vietnam, Tran has been a resident of Litchfield Park, Arizona, since 2005. She graduated from the University of California-San Diego with a BS in structural engineering. She completed her MBA at Argosy University in Phoenix. Tran is a licensed professional engineer in Arizona, Texas and Nevada.

Away from the office, Tran enjoys cooking, traveling, fishing, “glamping” and spending time with her family.

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.

by Jul 13, 2020
Central Arizona CCIM, Southern Arizona CCIM chapters come together in time of COVID-19

Central Arizona CCIM, Southern Arizona CCIM chapters come together in time of COVID-19

News & Updates

by | Jul 12, 2020 | News & Updates

    PHOENIX, ARIZONA (July 13, 2020) – As the COVID-19 pandemic takes its toll on business and industry in Arizona, in the spirit of being stronger together, the state’s two CCIM chapters have united in support of the commercial real estate industry.

Collaboration between the two chapters – Central Arizona CCIM and Southern Arizona CCIM – has included:

  • Regional activities as well as economic updates from CCIM Institute Chief Economist, K.C. Conway, MAI, CRE, CCIM.
  • Meaningful e-connection in support of chapter members and sponsors
  • Hosting webinars with relevant and timely content, increasing both chapters’ reach beyond the state. Content has included lender landscape; Arizona Commerce Authority incentives and opportunities; lease language and negotiations; insurance provisions; construction updates; and asset sector updates to name a few. These webinars are free and open to the community at large.
  • It’s not been all work. The chapters sponsored “Zoom Bingo” complete with prizes and have planned an upcoming virtual event “Deals and Drinks”.
  • The chapters have sponsored educational opportunities through continuing education renewal classes as well as on-line Ward Center and core classes through the CCIM Institute.

“From the global platform to the local market, CCIM has provided unity and support that is critical in these tenuous times,” said Central Arizona CCIM Chapter President Marina Hammersmith, CCIM, Senior Vice President, ORION Investment Real Estate. “The collaboration between our chapters has been exemplary, and we’re thrilled to see our members continue to close deals.”

The CCIM Institute confers the Certified Commercial Investment Member designation. 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.

“In these ever-changing and uncertain times, without the ability to get together for our usual meetings, it has become more important than ever to provide our members with critical information,” said Craig Finfrock, CCIM, Managing Member, Designated Broker at Commercial Retail Advisors in Tucson and CCIM’s Region 2 First Vice President. “The Central Arizona Chapter has been a leader in this area so it was an easy move to align ourselves with them.”

 

 

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 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.

 

 

by Jul 12, 2020