Friday, October 20, 2017

Real Estate Daily News

MCR Dunlap Sells Two North Phoenix Retail Buildings for $3.4 Million

Cushman & Wakefield Negotiates Sale to Two Separate Investors PHOENIX, Arizona – Cushman & Wakefield completed the sale of two north Phoenix retail buildings for a total of $3.4 million. The properties located at 701 E. Dunlap Avenue and 8949 N. 7th Street were controlled by MCR Dunlap, LLC and...

Daum Names Trevor McKendry Vice President

Phoenix, Arizona  – Daum Commercial Real Estate Services of Phoenix has named Trevor McKendry Vice President. McKendry joined Daum Phoenix in 2011. He specializes in the sale and leasing of industrial and office properties in Deer Valley and Central Phoenix. Being involved in brokering several significant transactions throughout 2017, McKendry is...

Real Estate Daily News

Auto Zone and Burger King Coming to Sorrento Square in Tucson

TUCSON, ARIZONA – Sorrento Square, a new retail center development by Larsen Baker of Tucson, located southwest of the corner of Houghton and Golf Links Roads in Tucson will soon have a Burger King and an Auto Zone. Laird Real Estate (Michael Laird, trustee) purchased a 16,190-square-foot pad at Sorrento...

Home Depot Center in Phoenix Sold for $11.76 Million

Cushman & Wakefield Negotiates Sale to San Diego Investor PHOENIX, Arizona – Cushman & Wakefield completed the sale of the 107,724-square-foot Home Depot at Hayden Plaza in Phoenix. Realty Income Properties of San Diego, Calif. purchased the property for $11.76 million ($109 PSF). Cushman & Wakefield Executive Managing Directors Ryan Schubert...

Real Estate Daily News

SVN Handles the Salad & Go Sale in Chandler that Sells...

Phoenix, Arizona – Salad and Go, the simple eatery concept that offers simple ordering drive-thru convenience keeps on growing.  There are several locations in the East Valley alone and the newest location in Chandler has opened its doors after the recent sale in the amount of $1,275,000.  In recent...

Tour Tucson Los Reales Landfill & Recycling for Halloween

TUCSON, ARIZONA -- Join The City of Tucson for a Halloween Tour of the Los Reales Landfill and the ReCommunity Recycling Facility. You may see some sights that will haunt you. On Tuesday, October 31, 2017, the City of Tucson Environmental & General Services Department (EGSD) is offering a...

Tucson’s St. Mary’s Village Retail Center Sells for $2.2 Million

TUCSON, Arizona - St. Mary’s Village Center at 1301-1325 W St. Mary’s Road in Tucson sold for $2.2 million ($141 PSF). The 15,600-square-foot multi-tenant retail strip center has solid mix of national and local tenants with a variety of office, medical, service and food uses. Tenants include H&R Block, Supercuts,...

LOC Leasing LLC purchases 86,000 SF industrial distribution building for $6.9...

Chandler, Arizona – Phoenix-based LOC Leasing LLC., an entity owned by the principals of State Seal Corporation, has purchased an 86,000-square-foot industrial distribution building at Chandler Technology Center for $6.9 million. Ken McQueen of Lee & Associates represented the buyer. Mike Parker and Evan Kaplan of CBRE represented the seller,...

PICOR Relocating after 20-years in Same Location

TUCSON, ARIZONA -- PICOR Commercial Real Estate Services will relocate to 5151 E. Broadway, Suite 115, in January 2018, after 20 years in its current eastside location. Operating as Cushman & Wakefield | PICOR, the company signed a 10-year lease for 10,597 square feet in the single-story offices located at...

Tim Wright Named Director of Real Estate at John F. Long...

Phoenix, Arizona  – Tim Wright has been named Director of Real Estate with John F. Long Properties LLLP.  He brings more than 20 years of experience in Arizona commercial real estate to the long-standing development company. “We are pleased to have Tim, with his Valley roots and years of real...

Tucson Lease Report Oct 9-13, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Oct. 9 thru 13, 2017. RETAIL – 1740 E. FAIR ST., TUCSON Auto Liquidators, LLC leased a 41,467-square-foot auto sales lot at 1740 E. Fair St. in Tucson, from Benson Highway Auto Sales,...

CBRE Tapped to Lease Sierra Bloom Wellness Campus in Scottsdale

PHOENIX, Arizona – CBRE has been retained for leasing of Sierra Bloom Wellness Campus, a new 43-acre, mixed-use campus that combines medical, office, retail and hotel space, located on Loop 101 and 90th Street on the Salt River Pima-Maricopa Indian Community in Scottsdale, Arizona. The first phase, beginning construction in...

Leasing is Quick Off the Blocks After Construction Starts at The...

12-acre Retail Development at Pima Center Attracts Five Retailers & Two Hotels Scottsdale, Arizona -- MainSpring Capital Group, developer of The Block at Pima Center, announced today that five retail tenants and two hotels have committed to the project.  The Block, which has been under construction for just 30 days,...

Piper Jaffray renews lease, relocates at Camelback Esplanade

PHOENIX, Arizona – Lee & Associates announced today that the brokerage firm coordinated the 3,900-square-foot renewal, relocation and expansion for lessee, Piper Jaffray, at Camelback Esplanade. The company previously leased 3,350-square-feet in the same building for 23 years. Lee & Associates’ Jim Watkins represented Piper Jaffray, a Minneapolis-based investment bank...

David Lee Completes Retail Sales Worth $1.93 Million in Tucson

TUCSON, Arizona – Marlee Saguaro, LLC of Tucson (David Lee, manager) purchased a 5,215-square-foot free standing restaurant at 4499 W. Ina Road in Marana AZ for $680,000 ($130 PSF). The former Chuy’s Mesquite Broiler was vacant at time of sale on a 52,042-square-foot pad. The buyer owns an adjacent 35,000-square-foot...

NAI Horizon negotiates acquisition of $1.77M industrial building

PHOENIX, ARIZONA – NAI Horizon Senior Vice President Jeff Adams represented the buyer in the $1.77 million ($83 PSF) acquisition of a freestanding industrial building at 3324 E. Atlanta Ave., in Phoenix. Adams represented Thronson Enterprises, LLC, of Tempe, Arizona, in its purchase of the 21,400-square-foot property that includes a...