Olive Crossing in Glendale, Arizona.

     PHOENIX, ARIZONA (Sept. 6, 2022) – The sale of a popular retail property in Glendale and the sale of parcels of land in Phoenix and Tempe highlighted recent deals closed by NAI Horizon professionals. The three deals totaled $5.89 million.

Sale Transactions:

Matt Harper, CCIM, negotiated the sale of a 30,040 SF retail building – Olive Crossing – representing both the seller, 43rd Ave, LLC, and the buyer, Arizona MSK, LLC, and Garvin Holdings, LLC, for $3.95 million. The property is located at 9250 N. 43rd Ave., Glendale, AZ.

Chris Gerow, Gabe Ortega and Shelby Tworek negotiated the sale of 5.95 acres, representing the seller, JEG Fit 43rd Ave. & I-10 Partners, LLC, for $1.6 million. The buyer, Southwestern Property Corp. was represented by Rachel Strolle with Capital Asset.

Jeff Adams negotiated the sale of 20,957 SF of industrial land, representing the buyer, Sepmar, LLC, for $340,000. The property is located at 1545 W. Drake Drive, Tempe, AZ. The seller, Tempe Ventures, LLC, was represented by Kevin O’Brien with Revelation Realty Group/eXp Realty.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the landlord, VWP 48th Street Owner, LLC, in an 86-month industrial lease for 39,396 SF at 3232 S. 48th St., Phoenix, AZ. The tenant, Expeditors International of Washington, Inc., was represented by Andrew Mager with Fischer and Company.

Joe Pequeno and Troy Giammarco represented the tenant, Operation Finance Inc., in a 24-month office lease for 1,520 SF at 17505 N. 79th Ave., Phoenix, AZ. The landlord, Signature Services, was self-represented.

 Don Morrow and Dylan Whitwer represented the tenant, Great Horizons, LLC, in a 38-month office lease for 1,405 SF at 2400 W. Dunlap Ave., Phoenix, AZ. The landlord, Crescent 2400, LLC, was represented by Greg McMillan with Cushman & Wakefield.

Matt Harper, CCIM, represented the landlord, Ed Rapee Family Trust, in a 36-month retail lease for 1,400 SF at 515 E. Camelback Road. The tenant, Vickz Kickz, LLC, was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, The Weigel Family Legacy Trust, in a 4-month retail lease for 16,170 SF at 3153 N. Stockton Hill Road. The tenant, Spirit Halloween Superstores, LLC, was represented by Johnny Meins with ReMAX Prestige Properties.

Joe Pequeno and Troy Giammarco represented the tenant, Operation Finance Inc., in a 5-month office lease for 1,520 SF at 17505 N. 79th Avenue, Glendale, AZ. The landlord, Balfour Beatty Communities, LLC, was represented by Andrew Cheney with Lee & Associates.

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 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 and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a 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 and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.