PHOENIX, ARIZ. (May 9, 2017)
Sale Transactions:
Lane Neville and Barbara Lloyd negotiated the sale of an 18,801 SF retail property, representing the buyer, MUFG Union Bank, N.A., as Trustee of the John J. Garland Residuary Trust FBO, for $9.675 million. The property is located at 13830 W. Camelback Rd., Litchfield Park, AZ. Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller, Evergreen-Camelback & Litchfield, LLC.
Rick Foss negotiated the sale of a 37,995 SF industrial property, representing the buyer, Leap Stores, for $2.781 million. The property is located at 2619 E. Chambers, Phoenix, AZ. Chris McClury and Andrew Cheney of Lee & Associates represented the seller, 2619 E. Chambers, LLC.
Lane Neville and Barbara Lloyd negotiated the sale of an 11,400 SF retail property, representing the seller, DROF I-1, LLC, for $2.7 million. The property is located at 4645 E. Chandler Blvd, Phoenix, AZ. Steve Julius of CBRE represented the buyer, Koloa Ventures II, LLC.
Mark Wilcke negotiated the sale of a 5.96-acre property, representing the seller, 83rd & Van Buren, LLC, for $1.05 million. The property is located at the NWC 83rd Ave. & Van Buren Street, Tolleson, AZ. Linda Chipman of J & L Exclusive Homes & Properties represented the buyer, Mikeno 9150, LLC.
Rick Foss negotiated the sale of an 8,820 SF industrial property, representing the seller, Beugelink Living Trust dated June 21, 1989, for $540,000. The property is located at 3201 W. Harrison, Phoenix, AZ. Esther Gallardo of West USA Commercial represented the buyer, Sergio Ramirez/Raco Marble and Granite.
Rick Foss negotiated the sale of an 11,052 SF industrial property, representing the seller, AGI Holdings, LLC, for $706,600. The property is located at 3731 E. La Salle St., Phoenix, AZ. Adam Kaufmann of CPI represented the buyer, ASA Holdings, LLC.
Tom Bean and Stan Matzinger negotiated the sale of a 3,750 SF industrial property, representing the seller, Durkee and Company, for $350,000. The property is located at 1123 Grand Ave., Phoenix, AZ. Shane Tschida of We Know Urban represented the buyer, 1123 Grand Avenue PHX, LLC.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, NYPD Pizza, in a 10-year lease for 3,002 SF at 7650 W. Arrowhead Town Center, Suite 120, Glendale, AZ. Morgan Donhoff of Velocity Retail Group represented the landlord, FAE Holdings 416300R, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF LLC, a Delaware limited liability company, in an 86-month retail lease for 2,800 SF at 1840 E. Warner Rd., Suite 116, Tempe, AZ. Skylar Bennett and Jennifer Summers of Menlo Group Commercial Real Estate, LLC, represented the tenant, The Grid Cyber Lounge, LLC.
Tyler Smith represented both the landlord, Arrowhead 79th, LLC, and the tenant, AM Nutrition Services, LLC, in an 87-month lease for 2,592 SF at 18001 N. 79th Avenue, Suite A11, Phoenix, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF LLC, in a 60-month retail lease for 2,151 SF at 1840 E. Warner Rd. Suite 124, Tempe, AZ. Bobbie Mastracci of Phoenix West Commercial represented the tenant, Jason Dellacroce and Ryan Dowell.
Thomas Bean represented the landlord, Alva Pinchot, LLC, in a 24-month lease for 3,468 SF at 2944 N. 44th St., Suite 100, Phoenix, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, LNR Partners, LLC, in a 64-month lease for 1,300 SF at 20987 N. John Wayne Parkway, Suite B102, Maricopa, AZ. Ninos Lazar, of Investar, represented the tenant, Gyro Grill, LLC.
Laurel Lewis represented the tenant, Evangelical Christian Publishers Association, in a 60-month lease for 1,526 SF at 5801 S. McClintock, Suite 104, Tempe, AZ. Steve Fisher, of Fisher Commercial, represented the landlord, Anumhavi Holdings, LLC.
Thomas Bean represented the tenant, Ray Johnson, PC, in a 65-month lease for 1,115 SF at 1500 E. Thomas Rd., Suite 102, Phoenix, AZ. Kevin Higgins, of Landmark, represented the landlord, Presson Advisory, LLC.
Rick Foss represented both the landlord, Friedman Anthem, LLC, and the tenant, Mojo’s Spot, Inc., in a 38-month lease for 2,000 SF at 42302 North Vision Way, Phoenix, AZ.