Rein & Grossoehme of Scottsdale specialized in the sale of investment properties and retail, office and industrial leasing submitted the following sales and leases for the week of Feb 3- 7, 2020. Hihglighted by a $14 million sale in Scottsdale hanlded by Jake Ertle of Rein & Grossoehme and Chuck Klein of Cushman & Wakefield.

SALE – 8300 E RAINTREE DR, SCOTTSDALE
The sale of 8300 E Raintree Drive in Scottsdale, Arizona, a 41,000 square foot building was recently recorded. The property sold to Sunrise 8300 Investment, LLC. The seller was 8300 E Raintree, LLC. The sales price was $13,995,000 which equates to $341 per square foot. The building was 100% occupied at closing by Tesla Motors.  Jake Ertle of Rein & Grossoehme represented the buyer and Chuck Klein of Cushman & Wakefield represented the seller.

RETAIL – 1513 E APACHE BLVD., TEMPE
A lease for 9,500-square-feet in Apache Shopping Center to Educational Models For Learning was recently consummated. The location of the property is 1513 E Apache Blvd in Tempe, AZ. This is the Tenant’s 1st location in Arizona.  Jim Edwards of Rein & Grossoehme Commercial Real Estate, LLC represented the owner.

RETAIL – 9180 E TALKING STICK WAY, SCOTTSDALE
A lease for 6,055-square-feet in The Pavilions at Talking Stick to Imagine 3D Mini Golf was recently consummated. The location of the property is 9180 E. Talking Stick Way in Scottsdale, AZ. The owner of the center is DeRito Talking Stick North, LLC . This is Imagine 3D Mini Golf’s 2nd location and they are looking for additional sites in Phoenix. Jared Lively of Rein & Grossoehme CRE represented the Tenan and Carl Jones of DeRito Partners represented the landlord on this transaction.

RETAIL – 2090 N DOBSON RD., CHANDLER
A lease for 2,355-square-feet in Valle Del Sol to Park Jun Beauty Lab was recently consummated. The location of the property is 2090 N Dobson Rd. in Chandler, AZ. The owner of the center is AVD Land 2, LLC.  Nic Chavira of Rein and Grossoehme Commercial Real Estate represented the owner and the tenant.

OFFICE – 1246-12456 N 28^TH SR., PHOENIX
A lease for 1,384 square feet in Metro Village to Allstate Insurance was recently consummated. The location of the property is 12426-12456 N 28th Dr. in Phoenix, AZ.  Nic Chavira of Rein and Grossoehme Commercial Real Estate represented the owner and the tenant.

RETAIL – 1513 E APACHE BLVD., TEMPE
A lease for 1,200 square feet in Apache Shopping Center to Vegas Queen Beauty Supply was recently consummated. The location of the property is 1513 E Apache Blvd in Tempe, AZ. Jim Edwards of Rein & Grossoehme Commercial Real Estate, LLC represented the owner.

RETAIL – 6205 N 59^TH AVE., STE 3, GLENDALE
A lease for 1,000 square feet in Mountain View Village Shopping Center to Independent Wireless, LLC was recently consummated. The location of the property is 6205 N 59th Ave, Suite 3, Glendale, AZ. Independent Wireless operates as an authorized Cricket Wireless dealer, and has 11 other locations. Jim Edwards of Rein & Grossoehme represented the tenant.

Submit sales and leases to [email protected]

TUCSON, AZ — Next Tucson and IEEE Tucson Section, in partnership with the University of Arizona and Arizona Commerce Authority, are pleased to announce Internet pioneer, Dr. Vint Cerf, as the keynote speaker at the inaugural WhatNXT Summit on February 10 at the UArizona campus.

The summit is an opportunity for those in Southern Arizona to explore both the advantages as well as the challenges faced by a society that’s adapting to rapidly-advancing technology.

“We’re excited to have the ‘Father of the Internet,’ Dr. Cerf, as the keynote speaker for the inaugural WhatNXT Summit,” said Justin Williams, Founder & CEO of Next Tucson. “This summit serves as a catalyst to further inspire our community innovators to develop bold solutions on a global scale.”

Cerf is the co-designer of the TCP/IP protocols and the architecture of the Internet. In his current role with Google, he serves as Vice President for Research and Chief Internet Evangelist. Cerf also founded the non-profit “The People-Centered Internet (PCI),” an organization that works to ensure that the Internet is a positive force for good, improving the lives and well-being of people around the world.

“We’re honored to have Dr. Cerf share his wisdom and expertise on these important issues that affect all of us — those involved in the development of technology and society as a whole,” said Angie Casarez, Vice Chair of the Institute of Electrical and Electronics Engineers (IEEE), Tucson Section. “This is an amazing opportunity that promises to inspire those in our Southern Arizona tech community.”

“Thanks to the innovations being advanced in Arizona by cutting-edge companies and world-class universities, our state has become a leading hub for emerging technology,” said Sandra Watson, President & CEO of the Arizona Commerce Authority. “We thank President Robbins and his team at the University of Arizona, Next Tucson and IEEE for providing this excellent opportunity to hear from an esteemed tech pioneer and discuss how to leverage our leadership position to solve global challenges.”

Cerf will guide the WhatNXT Summit sessions that further explore the opportunities and challenges faced by society as technology rapidly advances.

2:00 PM Advancing Technology Session topics include:

• Quantum Computing
• Cyber-security
• Artificial Intelligence
• Ethics of Coding/Technology

6:00 PM Advancing Society Session topics include:

• The Human Impact of Automation
• Developing a “People-Centered Internet”
• Age of Accelerations / 4th Industrial Revolution
• Inclusion of Tribal Connectivity
• Challenges and Opportunities of Innovation

Attendees will have the opportunity to engage in a question-and-answer period with Cerf following his remarks.

Next Tucson works to strengthen our community by catalyzing a city-wide culture of civic action through innovation and entrepreneurship. We help Tucsonans combine their passion with the skills and resources necessary to become successful “civic entrepreneurs”. Our programs provide current and aspiring leaders with education, mentorship, and resources to turn passion into impact. We seek to maximize our own impact by partnering with governments, NGOs, industry, educators and other community leaders. Together, we form a dynamic community of changemakers creating innovative solutions to our most meaningful civic challenges. For more information or to help with our work, please contact Justin Williams at [email protected]

It’s not too late to attend.  WhatNXT Summit Passports start at $29 for both sessions. To learn more about the WhatNXT Summit, Dr. Cerf, and how to register, visit whatnxt.org.

TUCSON Arizona — Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) acquired the property at 3382 East Global Loop in Tucson for $6,142,565 ($92 PSF) as part of a 509,211-square-foot, six building industrial portfolio with locations in San Antonio, TX; Albuquerque, NM; New Orleans, LA; Baton Rouge, LA; and Tucson, AZ.

The portfolio, acquired in a sale/leaseback transaction, is 100% leased to Iron Mountain Information Management, a global leader in the records storage industry with a 10-year lease term. The acquisition of the industrial properties is consistent with Gladstone Commercial’s growth strategy of acquiring high-quality assets in growth regions with credit-worthy tenants. The warehouses serve as regional hubs for the tenant within its core North American business segment, and each location generates a significant recurring revenue stream. The tenant plans to continue operating in these facilities for years to come.

“The acquisition of the facilities continues our strategic expansion into markets with increasing industrial demand. The investment is a great addition to our portfolio, improving the weighted average lease term and increasing the allocation of high-quality industrial properties” said Brandon Flickinger, Managing Director for Gladstone Commercial.

Bob Cutlip, President of Gladstone Commercial, agreed, “This transaction promotes our strategy of increasing our allocation to industrial buildings over the next few years and we are excited to add to the portfolio’s weighted average lease term with high quality real estate occupied by a credit-worthy tenant.”

Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of September 30, 2019, Gladstone Commercial’s real estate portfolio consisted of 109 properties located in 24 states, totaling approximately 13.1 million-square-feet. For additional information please visit www.gladstonecommercial.com.