DAUM Commercial Helps Renewable Energy Product Distributor Expand Industrial Space

PHOENIX, Ariz. – DAUM Commercial Real Estate Services recently completed the seven-year lease of 67,182-square-feet of Class A light industrial space in Phoenix, Arizona, on behalf of the lessee, CED Greentech, a division of Consolidated Electrical Distributors. The lessor is international real estate investment manager Exeter Property Group.

The tenant, a full-service wholesale distributor of residential, commercial, and utility-scale solar, electrical, and renewable energy products, is relocating and expanding its headquarters from nearby Tempe, according to Sebastian Sica, an Associate at DAUM, who completed the lease alongside DAUM Executive Vice President Rich Sica.

“This was a rare opportunity for our Client to acquire one of the last available suites in Exeter’s state-of-the-art Hohokam 10 Business Center development,” explains Sebastian, who notes that Phoenix industrial vacancy fell to sub-7-percent levels in Quarter 3. “This lease and expansion will provide Greentech with ample space to seamlessly continue its ongoing sales and distribution operations, while additionally featuring a greenhouse lights showroom highlighting the firm’s eco-friendly capabilities and products.”

According to Sebastian, CED Greentech was attracted to the East Valley location for its Interstate 10 frontage and easy access to Interstate 17 and State Route 143, as well as its close proximity to Tempe, where the firm has conducted business and built relationships for more than 15 years.

Rich Sica adds: “We’ve maintained a close relationship with the lessee for nearly two decades, cultivating a deep understanding of how Greentech and its parent company operate in the market. This new location is part of CED’s formation of a central, freeway-adjacent hub in Phoenix.”

Rich notes that earlier this year, DAUM helped the firm secure a 51,105 square-foot industrial warehouse located at 1717 E. Rairdan Lane in Phoenix, approximately five miles from CED Greentech’s new location.

The property offers ample loading doors, large truck courts, an ESFR sprinkler system, 24-foot clear height, and more than 7,600 square feet of office space.

The total consideration of the lease is approximately $4.1 million. The property is located at 4535 E. Elwood Street in Phoenix, Arizona.



PVB Fabrications to Build New Headquarters in Marana

Rendering – 8037 & 8041 West Tangerine Rd, Marana

Land Purchase and New Facility to Accommodate Growth of Nearly 170 Jobs 

Marana, Arizona — PVB Fabrications, Inc. (PVB), primarily a multi-disciplined general contractor and provider of quality welding and fabrication services for the commercial, utility, government, heavy industrial and mining sectors, plans to expand its headquarters in Marana, Arizona, Sun Corridor has announced.

PVB has purchased 9.74 acres at 8037 and 8041 West Tangerine Road in Marana for $1.3 million ($3.06 PSF) and is planning the construction of a new corporate headquarters to consolidate operations into one location.  The new facility will include a 15,000-square-foot administrative office building plus three separate 30,000-square-foot fabrication/production facilities.

PVB is currently located at 911 West Grant Road in Tucson and employs 375 people.  The full expansion over 5 years will add an additional 169 jobs primarily in operations, project management, quality control, engineering, business development and finance. See REDaily News January 8, 2020 for full story.

Phase one of the new headquarters is scheduled to be complete by December 2020. The total capital investment over the next 5 years will be approximately $17 million, resulting in a total economic impact of $48 million.

Partners in the project include the Arizona Commerce Authority, the Town of Marana, the Pima Community College and the Small Business Development Center, PICOR, Randel Jacob Design Group, PLLC, Stewart Title, Eric Nadler, Esq. and Arizona First Properties.

“PVB’s new headquarters is a logical and necessary step in our business growth strategy.  It provides the opportunity to further expand our operations and will increase our ability to serve current and future clients,” said Peter Van Bogaert, president, PVB.

“In addition to business attraction, economic development is about helping local companies like PVB expand,” said Joe Snell, president & CEO of Sun Corridor Inc. “Headquarter expansions such as this have a tremendous ripple effect across the entire economy.  Their success is the entire region’s success.”

“We are thrilled to welcome PVB to north Marana,” said Mayor Ed Honea, Town of Marana. “Their employees’ diverse skills enable them to cross multiple disciplines and sectors that include quality welding and metal fabrications to electrical and instrumentation services. PVB’s projects span the entire southwest, we’re excited to have another quality business in the town and look forward to seeing them grow.”

“The economy in southern Arizona is thriving and we’re thrilled to see local companies like PVB growing and creating new jobs in the region,” said Sandra Watson, president & CEO of the Arizona Commerce Authority. “We congratulate PVB on its success and thank the company for continuing to invest in Arizona.”

“Retaining expanding businesses is a key economic growth strategy for our region, as is fostering and supporting high-wage manufacturing jobs. Congratulations to PVB on its planned move to a new facility. We wish them continued success and stand ready to provide them any assistance they may require to fill these new positions,” said Pima County Administrator Chuck Huckelberry.

“PVB’s success demonstrates how community colleges, SBDCs and economic development organizations like Sun Corridor Inc. can partner to grow business and create well-paying jobs,” said Dr. Ian Roark, vice president of workforce development & strategic partnerships, Pima Community College. “It takes a creative and passionate industry partner to make it work, and PVB is a model partner.”

“PVB has excelled as a company because of its core values with employees, vendors and customers. The company’s work reflects the high quality standard and leadership that Pete demands of both himself and his staff,” said Ellen Kirton, director, Pima Community College SBDC.

Tom DeSollar, EMS, with Arizona First Properties represented the seller, Marana Technology Campus, LLC (Doug Gratzer, managing member) and Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | Picor represented PVB.

For more information, DeSollar should be contacted at 520.400.2732 and Glaser can be reached at  520.546.2707.

To learn more, see RED Comp #7411.



Sale of retail building in Tempe, sale of two self-storage properties highlight recent transactions closed by NAI Horizon

PHOENIX, ARIZ. — The $3.5 million sale of a retail building in Tempe and the sales of two self-storage properties for a combined $3.55 million in two rural Arizona towns highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:

Lane Neville and Logan Crum negotiated a sale of a 19,810 SF retail building, representing the buyer, Old Vine Limited Partnership, for $3.5 million. The property is located at 2240 N. Scottsdale Road, Tempe, AZ. The seller, DROF 1-5, LLC, represented itself.

Denise Nunez negotiated the sale of a self-storage property, representing the seller, 603 Industrial, LLC, for $2 million. The property is located at 603 Industrial Drive, Camp Verde, AZ. The buyer, Daniel W. Balliet, Diana L. Balliet, and Jason A. Balliet, was represented by Don Arsenault with Don Arsenault Realty.

Denise Nunez negotiated the sale of a self-storage property, representing the seller, Georgeanna Jones, for $1.55 million. The property is located at 3586 E. US Highway 60, Miami, AZ. The buyer, TAJ Apex Consulting Group, LLC, represented itself.

Rick Foss and Jay Olson negotiated a sale of a 13,264 SF industrial building, representing the buyer, Precision Glass & Aluminum, LLC, for $1.07 million. The property is located at 2020 W. Melinda Lane, Phoenix, AZ. The seller, 2020 Melinda Inc. represented itself.

Troy Giammarco and Joe Pequeno with NAI Horizon and Sean Gillespie with Nathan & Associates negotiated the sale of a 5,140 SF office building and 3 acres of land, representing the seller, Vulture Peak Properties Limited Inc., for $1 million. The property is located at 1938 Wickenburg Way, Wickenburg, AZ. The buyer, Town of Wickenburg, represented itself.

Mark Wilcke and Michael Gaida negotiated the sale of a 9,900 SF industrial building, representing the seller, Paul’s Car Care Inc., for $965,000. The property is located at 1457-1459 N. Arizona Ave., Chandler, AZ. The buyer, CW Legacy LLC, was represented by Kenneth Elmer with Commercial Properties Inc.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated a 5,997 SF retail building, representing the seller, Sun City Restaurant, LLC, for $925,000. The property is located at 13039 N. 103rd Ave., Sun City, AZ. The buyer PTM Properties, LLC, represented itself.

Lori Kahn negotiated a sale of a 2,506 SF medical building, representing the buyer, Integrity Pain and Anesthesia PLLC, for $601,838. The property is located at 6677 W. Thunderbird Road, Glendale, AZ. The seller, Christian Consulting, Design and Engineering, was represented by Megan Reeves with Plaza del Rio.

Matt Harper, CCIM, negotiated the sale of a 3,736 SF office building, representing the seller, The Larry A. Kamka and Ellena M. Kamka Revocable Living Trust, for $325,000. The property is located at 7840 N. 31st Ave. Phoenix, AZ. The buyer, Southwest District Council of Assemblies of God, was represented by Bill Nanney with KW Commercial.

Matt Harper, CCIM, negotiated a sale of a 1,975 SF office building, representing the seller, Daniel J. Swingler and Dorothy Marie Swingler for $275,000. The property is located at 5830 N. 59th Ave., Glendale, AZ. The buyer, EEMAD, LLC, represented itself.

Dylan Whitwer negotiated the sale of a 3,930 SF office building, representing the buyer, Folz Properties LLC, for $260,000. The property is located at 2015 W. Apache Blvd., Apache Junction, AZ. The seller, L.R.K. Inc., was represented by Tony Vehon with Wichert Realtors – Lake Realty.

Matt Harper, CCIM, negotiated a sale of a 1,215 SF retail building, representing the buyer, Robert Lee Thatcher and Arlene A. Thatcher, for $103,000. The property is located at 7025 N. 48th Ave., Glendale, AZ. The seller, Frank Yamamoto and Kumiki Yamamoto, represented itself.

Laurel Lewis and Dylan Whitwer negotiated a sale of a 1,709 SF office building, representing the seller, Troon LLC, for $95,508. The property is located at 10045 E. Dynamite Blvd., Bldg: F., Scottsdale AZ. The buyer, Manaco Ventures Trust, represented itself.