Phoenix, AZ (March 23, 2017)
Sale Transactions:
Barbara Lloyd and Lane Neville negotiated the sale of a 103,672 SF office property, representing the buyer, Bogle Family Realty, LLLP, for $11.4 million. The property is located at 7227 N. 16th Street, Phoenix, AZ. Eric Wichterman and Mike Coover of Cushman & Wakefield represented the seller, Burton Family Foundation.
Rick Foss negotiated the sale of a 35,100 SF build-to-suit electronics manufacturing property, representing the buyer, 7Chilton, LLC, for $3.54 million. The property is located at 150 E. Chilton Drive, Chandler, AZ.
Denise Nunez negotiated the sale of a 2.38-acre self storage entitled land parcel, representing the seller, 1784 Capital Holdings, LLC, for $1.8 million. The property is known as Lot 2 Desert Foothills Marketplace, Ahwatukee, AZ. Matt Rinzler of Insight Land & Investments represented the buyer, Moncap, LLC.
Sharon Reeves negotiated the sale of a 2,555 SF retail property, representing the seller, R & F Family Investments, LLC, for $260,000. The property is located at 1560 W. Main St., Mesa, AZ.
Lease Transactions:
Barbara Lloyd, Lane Neville and Nathan Pancrazi represented the landlord, The Peak at 16th St, LLC, in a 15-year lease for 15,447 SF at 7301 N. 16th St, Phoenix, AZ. Kevin Calihan of CBRE represented the tenant, Regus.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEF-Fit 17th Ave. & Camelback, LLC, in a 120-month lease for 20,750 SF at 1625 W. Camelback Rd. Donna Reece of Zell Commercial represented the landlord, Park Lee Star Holdings, LLC.
Isy Sonabend and Rick Foss represented the tenant, Danby Appliances, Inc., in a 68-month lease for 155,000 SF at 10397 W. Van Buren, Tolleson, AZ. Mike Haenel of Cushman & Wakefield represented the landlord, GLP.
Tyler Smith represented the landlord, SWRE DEAL V BUILDING, LLC, a Delaware limited liability company, in a 75-month lease for 18,000 SF at 1840 North 95th Avenue, Phoenix, AZ. Michael Waxman of Levrose Commercial Real Estate represented the tenant, Southwest Network, an Arizona nonprofit corporation.
Isy Sonabend and Rick Foss represented the tenant, Enclos, in a 38-month lease for 117,780 SF at 2225 South 43rd Avenue, Phoenix, AZ. Riley Gilbert of JLL represented the landlord, Exeter 2225 South 43rd, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the tenant, Firehouse Subs, in a 120-month lease for 1,700 SF at 5849 W. Northern Ave., Glendale, AZ. Brad Douglass of Cushman & Wakefield represented the landlord, DLH Northern 2, LLC.
Isy Sonabend represented the tenant, Zenith Global Logistics, in a 38-month lease for 27,059 SF at 302 E. University Drive, Phoenix, AZ. Cooper Fratt of CBRE represented the landlord, ProLogis.
Laura Pogue, Barbara Lloyd and Thomas Bean represented the landlord, Arrowhead Estates, LLC, an Arizona limited liability company, in a 60-month lease for 1,373 SF at 20325 N. 51st Avenue, Glendale, AZ. Scott Phillips of Mission West, LLC, represented the tenant, Beauty Secrets by Heather, LLC, dba Beauty Secrets Day Spa.
Laurel Lewis and Laura Pogue represented the tenant, Scottsdale Cardiology, in a 61-month lease for 1,235 SF at 3226 North Miller, Scottsdale, AZ. Paul Blum of Patriot Commercial Properties represented the landlord, G4 Investments, LLC.
Isy Sonabend represented the landlord, SB Mgmt, in a 63-month lease for 21,801 SF at 54 N. 45th Ave., Phoenix, AZ. Andrew Brigham of CBRE represented the tenant, Wegmann Automotive, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, CP6GC, LLC, in a 60-month lease for 1,200 SF at 5032 N. 51st Ave, Glendale, AZ. Kristi Hinkle of HK Realty represented the tenant, Alltime Wireless AZ, LLC.
Laurel Lewis represented the tenant, Craig W. Penrod, P.C., in an 18-month lease for 1,885 SF at 301 W. Warner, Tempe, AZ.
Tyler Smith represented the landlord, Betty J. Gardella Trust, as Trustee of the Betty J. Gardella Trust dated January 11, 2005, in a 12-month lease at 8877 W. Union Hills Drive, Peoria, AZ. Michael Whitten of Fischer represented the tenant, Loanstar Mortgage.
Isy Sonabend represented the tenant, Better Homes Cabinets, in a 12-month lease for 7,428 SF at 1707-1719 W. Roosevelt St., Phoenix, AZ. Chris Rogers of Daum Commercial represented the landlord, NRES Phoenix Portfolio.