Phoenix, AZ – Colliers International in Greater Phoenix recently completed two long-term Phoenix office leases for non-profits in separate transactions.

Kathy Foster, senior vice president; Phil Breidenbach, executive vice president; and Greg Barrett, associate; all of Colliers International, represented Jobs for Arizona’s Graduates, a non-profit encouraging students to stay in school and gain workforce skills, and also GaitWay, the only program providing motor skill “conductive education” in the Southwest for cerebral palsy and other disabilities.

Jobs for Arizona’s Graduates leased 2,400-square-feet at 3320 W. Cheryl Drive, Suite B220 from TAF Real Estate, LLC.

“Kathy and Greg took great care to understand our organization’s mission, purpose and needs thoroughly before recommending a new home. They worked closely with us each step to make sure we understood the process as well as all the options available,” said Dianna Harrier, director of operations for Jobs for Arizona’s Graduates.

GaitWay leased 2,600-square-feet at 15905 46^th Street, Suite 100 from Enright Capital, Ltd. Dr. David Rhea, M.D. OB/GYN, and his wife, Mary Hare, R.N., formed GaitWay in 1998 after their granddaughter was born with cerebral palsy. GaitWay also has an office in Tucson.

After completing the transactions and wanting to further support the organizations’ missions, Foster, Breidenbach and Barrett created “Team JAG” and “Team GaitWay” to raise donations. Valley businesses donated furniture for the non-profits’ new offices and the Colliers team donated a portion of their commissions.

“We are always grateful for the opportunity to advance a local non-profit’s mission,” Foster said.

“It’s our way to give back to the community,” Breidenbach said.

Phoenix, AZ – Colliers International in Greater Phoenix recently completed the long-term lease of the 9,513-square foot Regents Centre II in Tempe for The Money Source, a fast-growing privately held residential lending company, which plans to establish its executive recruitment division near Arizona State University.

The Money Source, based in New York and San Francisco, leased the Class A office space, located at 1910 W. University Drive in Tempe, from MSC Tempe, LLC of Boston.

Greg Hopley, executive vice president with the Colliers’ office in Scottsdale, exclusively represented The Money Source. The landlord was represented by Michael Garlick, senior managing director, and Michael Crystal, managing director, of Newmark Grubb Knight Frank in Phoenix.

“The Money Source was very interested in locating its executive recruitment division in the Valley because of the region’s access to a talented workforce,” said Hopley, noting that company leaders met with Tempe and ASU officials during their decision-making process.

The Money Source plans to begin operating in the building between January 15 and February 1, and has already hired more than 25 employees eager to start work. Employees in the executive recruitment division will accomplish a number of functions, including high-level mergers and acquisitions, candidate vetting for positions throughout the country and growing the company’s portfolio.

Mike Mirshahzadeh, chief revenue officer of The Money Source, will relocate to the Phoenix area from San Francisco to lead the company’s expansion at the Regents Centre II.

“Arizona is a great opportunity for the entire organization to open more offices and expand our current services,” said Mirshahzadeh. “The modest cost of origination allows us to use these new offices to introduce a new wave of local talent to the industry under our company culture and emphasis on top-notch customer service. The talent pool will allow us to hire hundreds of professionals who will continue growing our operations and retail divisions.”

“Over the past three years nearly 16,000 new jobs have been announced in Tempe,” said Tempe Mayor Mark Mitchell. “We are a city where businesses can start, grow and thrive with our talented workforce. I am thrilled to welcome The Money Source to our community. They add to the strong financial services industry in Tempe.”

“ASU is proud to have played a role in attracting MoneySource and other businesses to Tempe. Today’s good news reflects the university’s strong partnership with the city, our commitment to strengthen the community around us and our role in providing a high quality education to students who will step into the jobs of the future,” said Angela Creedon, ASU Associate Vice President for Community and Municipal Relations.

Built in 1998, Regents Centre II is a two-story office building with a private lobby entrance and granite and tile finishes as well as floor-to-ceiling glass. Located just east of Phoenix Sky Harbor International Airport and State Route 143, the 42,000-square-foot building is situated on 4.41 acres at the northeast corner of South 52nd Street and West University Drive, about 1.5 miles from Arizona State University.

“The Money Source has excellent opportunities in Tempe, from starting its executive recruitment and training program, to being close to ASU and its great source of employees who will learn this business from the ground up,” said Hopley.

The Money Source is one of the fastest growing, privately held lending companies in the United States. It is a Fannie Mae/Freddie Mac approved seller/servicer, Ginnie Mae approved issuer and approved lender/servicer in 49 states.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 4 thru 8, 2016.

INDUSTRIAL – 3831 E 37^th ST., TUCSON
Campas Performance Engineering leased 4,500-square-feet at 3831 E 37^th St from Silva Revocable Trust. Dave Gallaher, CCIM, of Tucson Industrial Realty LLC represented the owners, the Silva Revocable Trust. Michael Coretz, Commercial Real Estate Group, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.829.6609[/mepr-show]

RETAIL – 7760 E WRIGHTSTOWN RD., TUCSON
Lasagna and More leased 2,400-square-feet in Catalina Village at 7760 E. Wrightstown Road in Tucson, AZ.  The owner of the center is GSMS 2005-GG4 Wrightstown Road, LLC. Jake Ertle of Rein & Grossoehme represented the Landlord and Kevin Volk of Volk Company represented the Tenant. [mepr-show rules=”58038″]Asking lease rate $7.00 – 14.00 SF/YR NNN; Tenant Phone: 520.603.8171[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Joe Christiani’s Drinking Water Systems, LLC leased 1,620-square-feet at 4500 E. Speedway, Suite 87 in Tucson from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $0.72 – 0.80 SF/MO Modified Gross; Tenant Phone: 520.241.1000[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON
Lee Mechanical & Plumbing, LLC leased 1,200-square-feet at 1870 W. Prince Rd., Suite 57 in Tucson from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. T[mepr-show rules=”58038″]enant Phone: 520.623.0355[/mepr-show]

INDUSTRIAL – 1101 W. GRANT RD., TUCSON
Smart Start leased 1,200-square-feet in Grant Interstate Commons, 1101 W. Grant Road, Suite 206 in Tucson from the Sloat Family Partnership, LLLP.  Smart Start® offers fully integrated services for ignition interlock devices and home alcohol monitoring systems for DUI and DWI prevention.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.  [mepr-show rules=”58038″]Tenant Phone: 520.623.1602[/mepr-show]

OFFICE – 310 S WILLIAMS BLVD., TUCSON
HomeAmerican Mortgage Corporation has leased 990 square feet at 310 S. Williams Blvd., Suite #240, from DHS Property Investments, LLLP.  Andrew Sternberg of Oxford Realty Advisors represented the Tenant and Damian Wilkinson and David Montijo of CBRE Tucson represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking Lease Rate: $18.00 SF/YR Full Service; Tenant Phone: 520.290.1000[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Kalmed, LLC leased 938-square-feet at 4500 E. Speedway, Suite 69 in Tucson from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Asking Lease Rate: $0.72 – 0.80 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 4555 S. PALO VERDE RD., TUCSON
AZ Harmony Medical Transportation, LLC leased 908-square-feet at 4555 S. Palo Verde Rd., Suite 163 in Tucson from Presson Equity Partners, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 602.300.0619[/mepr-show]

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