PHOENIX, ARIZONA (August 16, 2023) – The sales of an office building and retail building in Phoenix fetched more than $2 million, highlighting recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Jeff Adams negotiated the sale of a 3,000 SF retail building for $1.77 million, representing the seller, SEPMAR, LLC. The property is located at 4314 W. McDowell Road, Phoenix, AZ. The buyer, MMGR Properties, LLC, was represented by Carlos Arellano and Jorge Arellano with Real Estate XG.
Kevin Higgins negotiated the sale of a 1,534 SF office building for $410,000 representing the buyer, Regnad Investments, Inc. The property is located at 1599 E. Orangewood Ave., Phoenix, AZ. The seller, GL Williman Family LLLP, was represented by Catherine McKnight & Rob Ryan with West USA Realty.
Lease Transactions:
Laurel Lewis, SIOR, represented the tenant, Southwest Behavioral Health, Inc., in a 57-month office lease for 5,096 SF of expanded space at 1255 W. Baseline Road, Mesa, AZ. The landlord, 1255 Baseline, LLC, was self-represented.
Matt Harper, CCIM, represented the tenant, Evolve Salon and Spa, in an 85-month retail lease for 2,640 SF at 6250 W. Happy Valley Road, Phoenix, AZ. The landlord, Happy Valley DCIP III, LLC, was represented by Scott Ellsworth with SRS Real Estate Partners.
Thomas Bean, CCIM, represented the tenant, Snap On Tools Company, LLC, in a 66-month office lease for 2,498 SF at 426 N. 44th St., Phoenix, AZ. The landlord, BOF AZ Phoenix Gateway Center, LLC, was represented by Chris Latvaaho with JLL.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GT, LLC, in a 76-month retail lease for 1,150 SF at 5830 W. Thunderbird Road, Glendale, AZ. The tenant, PM Glendale One, L.P., was represented by Matt Scrauth with Avison Young.
Matt Harper, CCIM, represented the landlord, Allen H.G. Cheung and Diana S.K. Cheung Living Trust, in a 39-month retail lease for 2,070 SF at 8115 N. 19th Ave., Phoenix, AZ. The tenant, Four Angles Investments 2, LLC, was represented by Jeff Huff with Berkshire Hathaway.
Joan Krueger represented the sublessee, Earthworks Environmental, LLC & ERX, LLC, in a 19-month retail sublease for 3,651 SF at 8222 S.48th St., Phoenix, AZ. The sublessor, InBloom, was represented by Laurel Lewis, SIOR, with NAI Horizon.
Matt Harper, CCIM, represented the landlord, Nekho 1, LLC, in a 36-month retail lease for 1,752 SF at 2444 E. Thomas Road, Phoenix, AZ. The tenants, Bethany Portillo, Timothy Glanvill, and Shayleigh Eddy were represented by Marcela Grace Moat with West USA Commercial.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Bailey Red Rock Plaza, LLC, in a 50-month retail lease for 1,464 SF at 16425 E. Palisades Blvd., Fountain Hills, AZ. The tenant, Skin Colony Medspa + Health was self-represented.
Matt Harper, CCIM, represented the tenant, IC Wheels, LLC, in a 12-month retail lease renewal for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. The landlord, Grand Ave Station, LLC, was represented by Mark Lewis with Luke Land Realty.
Matt Harper, CCIM, represented the tenant, Gotham Air, LLC, in a 36-month industrial lease for 1,080 SF at 6730 W. Frier Drive, Glendale, AZ. The landlords, TRH Properties, LLC; RBH Management, LLC and SKY Limited Investments, LLC, were represented by Jack Scanlan with Citywide Commercial, LLC.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office renewal lease for 1,108 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, AMP Live Events, LLC, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease for 385 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Desert Diamond Mechanical, 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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 more than 300 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 300 offices in 43 countries strategically located throughout North America, Latin America andthe Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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