PHOENIX – Capital Markets experts in the Phoenix office of Jones Lang LaSalle(JLL) have completed a $22.1 million sale of Broadway Industrial Portfolio, totaling three Class A buildings and 308,038 square feet in Tempe, Ariz. The deal is JLL’s second investment sale in the area this quarter, accentuating the strength and draw of the submarket’s commercial real estate inventory.

Broadway Industrial Portfolio encompasses a 110,000-square-foot building at 1005 W. Alameda Dr; a 96,437-square-foot building at 2910 S. Hardy Drive; and a 101,601-square-foot building at 2925 S. Roosevelt St., all in Tempe. Each building is a Class A, institutional quality asset offering manufacturing, distribution and office space. The properties are also all located directly off of Interstate 10 and fully occupied, with no near-term rollover, to tenants including United Stationers Supply Co., ACI Plastics, Inc., Misty Mate, Inc. and Triumph Group, Inc.

Jones Lang LaSalle Managing Directors Mark Detmer and Bo Mills represented the property seller, San Francisco-based Prologis, Inc. The buyer is DCT Industrial Trust.

“These buildings are exceptional in that they combine outstanding functionality and full occupancy with a true Class A image in an infill location,” said Detmer. “This includes access—within minutes—to many of the key amenities that a high-end industrial user might need: an extensive freeway network, international airport, deep labor pool and host of retail opportunities.”

In addition, the project is located within the Southeast Valley, an area that over the last decade has remained one of the nation’s fastest growing regions for industrial and technology companies, and according to JLL is well situated for long-term stability.

Jones Lang LaSalle Executive Vice Presidents Pat Harlan and Steve Sayre, and Associate Kyle Westfall, will serve as the exclusive leasing brokers for the property buyer on behalf of DCT Industrial Trust.

This is the second investment sale closed by JLL in the Tempe submarket this quarter. In July, the firm completed a $27.1 million sale of Broadway 101 Office Park, a deal that was driven by high market demand and fundamentals reminiscent of pre-recession transactions.

Jones Lang LaSalle is a leader in the Phoenix commercial real estate market. Employing nearly 400 of the region’s most recognized industry experts, the firm offers office and industrial brokerage, tenant representation, facility and investment management, capital markets and development services. In 2012, the Phoenix team completed 9 million square feet in lease transactions valued at $458 million, directed $63 million in project management and currently leases and/or manages a 19.8 million-square-foot portfolio.

Detmer and Mills as well as the leasing team of Harlan, Sayre and Westfall can be reached at (602) 282 6300.

Real Estate Daily News is sponsored by Stewart Title and Trust – The only title company named one of

 “AMERICA’S MOST TRUSTWORTHY COMPANIES” in 2012 by Forbes®.

Contact Stewart Title & Trust of Tucson at (520) 327-7373 for your next closing.

PHOENIX, PRNewswire — Cole Real Estate Investments, Inc. (NYSE: COLE), a market-leading net lease REIT, announced on behalf of its private capital management business, Cole Capital™, the acquisition of 12 single-tenant office and industrial properties by Cole Corporate Income Trust, Inc. (CCIT). The combined price of the acquisitions was approximately $386.1 million, and included corporate facilities in North Carolina, Tennessee, Virginia, Texas, New Jersey, Nevada, Arizona, California and Colorado.

CCIT invests primarily in strategic single-tenant, income-producing, necessity corporate properties leased to creditworthy tenants under long-term net leases. Cole Corporate Income Advisors, LLC, a subsidiary of Cole Real Estate Investments, Inc., serves as external advisor to CCIT.

“The diversified industries, geographic locations, remaining lease terms and strategic importance of the properties for the tenants made these solid acquisition targets,” said Thomas W. Roberts, executive vice president and head of real estate investments at Cole Real Estate Investments, Inc. “We continue to identify opportunities that meet our stringent acquisitions criteria and satisfy our rigorous underwriting processes, while building a high-quality portfolio of net-leased office and industrial assets for CCIT.”

AMAZON.COM DISTRIBUTION CENTERS – Nashville and Richmond MSAs
CCIT acquired two Amazon.com (A&P ‘AA-‘) distribution warehouses totaling more than 2 million combined square feet in Murfreesboro, TN, and Chester, VA. The build-to-suit properties serve as regional distribution centers for the world’s largest online retailer.

AT&T SERVICES FACILITY – Dallas-Ft. Worth MSA
CCIT acquired a 199,248-square-foot, three-story office property located in Plano, TX. The property serves as an “AT&T Foundry” innovation center, an R&D facility where AT&T (parent company S&P ‘A-‘) and its partners collaborate on creating new technology.

BJ’S WHOLESALE CLUB WAREHOUSE/DISTRIBUTION CENTER – Philadelphia MSA
CCIT acquired a 633,836-square-foot warehouse facility in Burlington, NJ, via a sale-leaseback transaction. The facility serves as the regional distribution center for BJ’s retail stores in the Mid-Atlantic region. This facility is one of only three distribution centers operated by BJ’s.

DUKE UNIVERSITY HEALTH SYSTEM – Durham-Chapel Hill MSA
CCIT acquired a 126,225-square-foot, three-story office building leased to Duke PRMO, LLC, part of the Duke University Health System network. The facility provides administrative and training support to the health system.

TREX WAREHOUSE – Reno MSA
CCIT acquired a 337,500-square-foot industrial warehouse leased to the Trex Company in Fernley, NV. The property serves as a raw materials warehouse for Trex, the world’s largest manufacturer of wood-alternative decking and railing products.

Six-facility Portfolio – Phoenix, San Jose and Denver MSAs
CCIT acquired an 833,079-square-foot, six-facility portfolio that includes three properties in the Phoenix, AZ MSA: a DeVry University educational facility, a CVS Caremark back office/call center and C.R. Bard’s customer service, conference and showroom facility; two properties in San Jose, CA: Acxiom’s West Coast headquarters and Bestronics’ corporate headquarters and manufacturing facility; and one facility in Denver, CO: Boise Paper Holdings’ paper corrugation plant servicing the West.

INDUSTRIAL – 4875 N. Shamrock, Tucson

Mark Polich leased 5,027 sq. ft. at 4875 N. Shamrock, Suite 111 in Tucson from Shamrock 3, LLC. Patrick Welchert, SIOR, Industrial Specialist with Cushman & Wakefield / PICOR represented the Landlord and Dave Blanchette with CBRE represented the tenant in this transaction.

RETAIL / WAREHOUSE – 1870 W. Prince Rd., Tucson

The following businesses leased space at 1870 W. Prince Road in Tucson from Presson Corporation:

SW Ironworks leased 3,600 sq. ft. in suites 52, 53, and 54. SW Ironworks is a custom manufacturer of wrought iron security doors, gates, enclosures and window guards. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord.  Terry Lavery with Tucson Realty & Trust Company represented the tenant.

RecoverCare, LLC leased 2,880 sq. ft. in Suite 18. RecoverCare is a provider of Bariatric Support Surfaces, Therapeutic Support Surfaces, Wound Care and Safe Patient Handling Equipment. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord.

RCC Holdings, dba Primera Interiors leased 1,440 sq. ft. in Suite 30.  Primera Interiors provides a complete line of flooring, countertops, cabinets, window treatments, tiles and stone in Arizona, Nevada and Colorado. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord.

RETAIL – 6261 N. Oracle Rd. Suite 101, Tucson

Robert Floyd, dba Bikram Yoga, has extended the lease of 2,815 sq. ft. at 6261 N. Oracle Rd. Suite 101 at the Oracle Village Plaza in Tucson.  Bikram’s stated mission is to ‘Create a friendly, healthy and safe environment that will encourage people at all ages, sizes, sexes and fitness levels to benefit from regular yoga practice in a state-of-the-art facility’. Rick Borane of Volk Company Commercial Real Estate in Tucson represented the landlord, Oracle Village Plaza, LLC, and Gordon Wagner of Coldwell Banker in Tucson represented the tenant.

OFFICE  – 3819 S. Evans Blvd., TUCSON

Canyon Health, LLC., leased 1,802 sq. ft. at 3819 S. Evans Blvd., Suites 304 & 305, in Tucson at the Ajo / Evans Business Park.  Canyon Health provides services in Pain management, Weight Management, Anti-aging & Longevity, for the overall improvement of your health.  Jeff Zellet, Commercial Specialist and Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield / PICOR represented the landlord in this transaction.

RETAIL – 190 S. Stratford Dr., suite 106, Tucson

Medicine of the People leased 1,764 sq. ft. at 190 S. Stratford Drive, Suite 106 in Tucson from Rich Rodgers Investment, Inc.  Medicine of the People offers herbal salves and creams, massage oils and tinctures made from native plants. Brandon Rogers, CCIM, Industrial Specialist with Cushman & Wakefield / PICOR represented the landlord and Tim DeNiro with Commercial Real Estate Group of Tucson represented the tenant.

INDUSTRIAL – 1321 W. Ajo Way, Tucson

Hussman Service Corp., has leased 1,730 sq. ft. at 1321 W. Ajo Way, Suite 115, Tucson.  The space is located within the Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Rick Volk of Volk Company Commercial Real Estate in Tucson represented the Landlord, Ajo Business Center LP.  Tricia Gumulka of Newmark Grubb Knight Frank represented the Tenant.

INDUSTRIAL – 8051 E. Lakeside Parkway, Tucson

JJ’s Woodworking leased 1,500 sq. ft. at 8051 E. Lakeside Parkway in Tucson, at the Lakeside Business Center, from Tesoro Enterprises, Inc. for custom woodworking.  Gary Emerson of GRE Partners, LLC handled the transaction for the landlord.

RETAIL – 5827 N. Oracle Road, Tucson

Glass Illusions Studio leased 1,320 sq. ft. at 5827 N. Oracle Road in Tucson at Placita del Norte Shopping Center.  Glass Illusions is a premiere fused glass & metal art gallery. Greg Furrier, Principal, Retail Specialist with Cushman & Wakefield / PICOR represented the landlord and Jeff Zellet, Commercial Specialist with Cushman & Wakefield / PICOR represented the tenant in this transaction.

RETAIL – 6960 E. Sunrise Dr., Tucson

Abbygrace, LLC has leased an additional 900 sq. ft. in the Shops at Ventana, 6960 E. Sunrise Dr. in Tucson, located at the southeast corner of Sunrise and Kolb.  The tenant operates The Abbey restaurant is currently in a 2,700 sq. ft. adjacent end cap and will use the additional space to expand the restaurant. The Abbey is owned by restaurateur Brian Metzger and takes simple comfort foods and evolves them into palette-pleasing meals.  The interior is filled with bookshelves, cozy booths, a chalkboard overhead for specials, and a candle on every table.  David Hammack of Volk Company Commercial Real Estate in Tucson represented the landlord, Sunrise & Kolb East LLC.

Login for additional information. Please submit your sales and leases to REDailyNews@outlook.com

[ismember]RCC Holdings – Primera Interiors, 1870 W. Prince, suite 30 – $59 cents gross

JJ’s Woodworks – 8051 E. Lakeside Pkwy – $7.20 – $10.80 / sf/yr

Canyon Health, LLC.,  – 3819 S. Evans Blvd., – 47cents sq. ft. / month NNN  [/ismember]