PHOENIX, ARIZONA (Nov. 2, 2020) – Sales of five retail properties totaling $2.715 million and two industrial properties totaling $1.765 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Joan Krueger negotiated the sale of an 18,000 SF industrial building representing the seller, Lim Beng Kit and Hui Leng Goh Yip for $1.28 million. The property is located at 3328 E. Corona Ave., Phoenix, AZ. The buyer, Morebacon, LLC was represented by Serena Wedlich with CBRE.
Sharon Reeves negotiated a sale of a 2,885 SF retail building representing the seller, Tan Family Trust for $1.225 million. The property is located at 1350 W. University Drive, Tempe, AZ. The buyer, PREP, LLC was self-represented.
Christopher Lewis and Matt Harper, CCIM negotiated a sale of a 4,177 SF retail building representing both the seller, AZUSA Holdings, LLC and the buyer, Galen Morrow for $545,000. The property is located at 718 & 724 E. Hatcher Road, Phoenix, AZ.
Jeff Adams negotiated a sale of a 4,300 SF industrial building representing the buyer, Jose A. Wise & Linda M. Wise for $485,000. The property is located at 3217 S. 38th St., Phoenix, AZ. The seller, HRP-3, LLC was self-represented.
Sharon Reeves negotiated a sale of a 2,400 SF retail building representing the seller, Circle K Stores, Inc. for $375,000. The property is located at 4023 N. 47th Ave., Phoenix, AZ 85031. The buyer, Jemad, LLC was represented by Matt Harper, CCIM with NAI Horizon.
Sharon Reeves negotiated a sale of a 1,290 SF retail building representing the seller, Joan and Anthony Scerbo for $320.000. The property is located at 10804 N. 71st Place, Scottsdale, AZ. The buyer, Palermo Pisticci Investments, LLC was self-represented.
Matt Harper, CCIM negotiated a sale of a 2,760 SF retail building representing the buyer, IEMAD, LLC for $250,000. The property is located at 4243 W. Bethany Home Road, Phoenix, AZ. The seller, CC Holdings 11, LLC was represented by Shane Mackin with Clear Commercial Advisors.
Laurel Lewis and Dylan Whitwer negotiated a sale of a 924 SF office condo representing the seller, Desert Valley Skate Co. for $64,700. The property is located at 10031 E. Dynamite Blvd., Scottsdale, AZ. The buyer, Merwel Properties, LLC was represented by Mohamed Hegazy with Hegazy Realty.
Lease Transactions:
Matt Harper, CCIM represented the landlord, TSP Metro Gateway, LLC in a 180-month retail ground lease for 64,793 SF at 3315-3443 W. Peoria Ave., Phoenix, AZ. The tenant, And Go Concepts, LLC was represented by Peter McQuaid with Avison Young.
Isy Sonabend and Drew Eisen represented the tenant, Metropolitan Warehouse & Delivery in a 63-month industrial lease for 25,602 SF at 5701 W. Latham St, Phoenix, AZ. The landlord, EastGroup, was represented by Mike Gilbert with Cushman & Wakefield.
Matt Harper, CCIM represented the tenant, Teriyaki One Thirty-Two AZ, LLC in a 60-month retail lease for 2,000 SF at 16955 N. 75th Ave., Peoria, AZ. The landlord, Randall C. Naess, Deette Richmond Sipos and Robert E. Richmond as Co-Trustees of the Testamentary Trust Created under the will of Edmond N. Richmond, was represented by Chuck Gibson with SRS.
Laurel Lewis represented the landlord, Zelus USA, LLC in a 46-month office sublease for 3,738 SF at 5013 E. Washington St., Phoenix, AZ. The tenant, WWC Operations Corp. was represented by Loren Lovell with JLL.
Joan Krueger represented the landlord, Vale Holdings, LLC in a 38-month industrial lease for 1,100 SF at 1365 W. Broadway, Mesa, AZ. The tenant, SNB Motors, LLC was represented by Aaron Dutcher with MHG Commercial.
Jennifer Loehnert represented the tenant, Happy Tails Bakery, in a 60-month retail lease for 1,500 SF at 743 S. Lindsay Road, Gilbert, AZ. The landlord, Shoppes at Mirador Square, LLC was represented by Stefan Boros with Boros Investments, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented both the landlord, CC Fund II Maricopa, LLC and the tenant, Helen’s Kitchen, LLC in a 64-month retail lease for 1,080 SF at 20987 N. John Wayne Parkway, Maricopa, AZ.
Joe Pequeno and Troy Giammarco represented the tenant, Taylor, LLC in a 36-month office lease for 3,116 SF at 1204 E. Baseline Road, Tempe, AZ. The landlord, McCandless Properties was self-represented.
Mike Myrick, CCIM represented the tenant, Peace of Mind Counseling Services, LLC in a 64-month office lease for 944 SF at 1645 E. Missouri Ave., Phoenix, AZ. The landlord, N19OFF1, LLC was represented by Matt Fredrick with Lee & Associates.
Matt Harper, CCIM represented the tenant, Glazed Donuts, LLC in a 60-month retail lease for 1,401 SF at 4815 E. Carefree Highway, Cave Creek, AZ. The landlord, SJF Carefree, LLC and HSB Carefree, LLC was represented by Katie Weeks and Bryan Ledbetter with Western Retail.
Matt Harper, CCIM represented the landlord, LASA Realty, LLC in a 38-month retail lease for 1,800 SF at 7448 W. Glendale Ave., Glendale, AZ. The tenant, Brad Johnson Injury Law, PLLC was represented by Rodd Kestenbaum with Cresa.
Rick Foss and Jay Olson represented the landlord, Friedman Anthem, LLC in a 36-month industrial lease for 1,153 SF at 42302 N. Vision Way, Anthem, AZ. The tenant, Wireless Revolution, LLC was represented by Denny Mitchell with Platinum Realty Group.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC in a 12.5-month retail lease for 1,107 SF at 11001 N. 99th Avenue, Peoria, AZ. The tenant, Phoenix Pro Pool, LLC was self-represented.