The Turnaround Management Association, Arizona Chapter, (TMA) is pleased to announce that over $5,550 was raised at a fun filled event to benefit the worthy cause of StreetLightUSA. TMA Arizona, whose members help turnaround businesses, decided to work with StreetLightUSA to help “turn around the lives” of victims of human sex trafficking and find a pathway out of their circumstances.

The fun of a team bowling tournament, combined with a live auction facilitated by auctioneer George Cunningham, was mixed with the seriousness of helping abused and trafficked children escape their plight. The event took place on September 26th at the hip Lucky Strike Lanes and Lounge located within the Cityscape Project in downtown Phoenix. More than 55 people attended the event with no “bowling injuries” reported by Chris Kaup, President of the TMA Phoenix Chapter. Team sponsors included MEB Management Services, Tiffany and Bosco, Simon Consulting, Clear Title Agency, and Resolute Commercial Services. Exceptional auction items were donated by several people and agencies. One such example was a dinner with Sheriff Joe Arpaio, and a ride- along in a Phoenix Police Department Helicopter.

StreetlightUSA was chosen as the benefactor of this fundraising event as Libby Ekre of MEB Management Services has assisted in facilitating volunteerism with the existing Phoenix shelter. Tournament proceeds will benefit StreetLightUSA Phoenix Chapter. Lea Benson, President of StreetlightUSA and an expert on human trafficking, had the following to say about the event. “I am humbled by the support StreetLightUSA received from TMA. I am very pleased we were able to educate others about the realities of child sex trafficking and that it is very much alive. Often considered an international problem, child sex trafficking is happening here in our backyard. Children are being sold and placed in sexual servitude. At StreetLightUSA, we specialize in stabilizing and providing a safe environment for these children so we can help them overcome the trauma they have experienced and develop skills to become strong independent women.”

Human trafficking and child sexual exploitation are often viewed as overseas problems. However, these nightmares exist throughout the United States for hundreds of thousands of minors. The average age of entry for children who are victims of child sex trafficking in our country is 13 years old. StreetLightUSA offers residential care for sex trafficked and/or sexually exploited adolescent female survivors age 11-17. StreetLightUSA recognizes that true behavioral changes occur when an individual experiences internal motivation, spiritual growth, and relational safety within a secure, caring and nurturing environment. StreetLightUSA is licensed as a 48-bed facility with a ratio of 8/1 clients to staff. For more information about the organization, visit StreetlightUSA.org.

Mr. Kaup summarized the evening, “the members of our Chapter are extremely pleased that our joint effort with StreetlightUSA to help turn around young lives went so well and we look forward to continuing to work with them on this critically important endeavor.”

The Turnaround Management Association (TMA) is the only international non-profit association dedicated to corporate renewal and turnaround management. For more information on TMA please visit www.arizona.turnaround.org.

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Sasiadek’s Information Technologies purchased the former Pima Federal Credit Union building at 4841 S Overland Dr. in Tucson for $575,000 ($67 PSF) for the 8,554 sq. ft. building for its new location. Located in the Butterfield Business Park, the building was built in 1992 and has been vacant for about one year after the credit union vacated it. The office building in this industrial setting is on a 1.18 acre lot zoned CI-1 and was built out at time of sale as 80% offices and 20% bank operations.
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[mepr-show rules=”58038″]Sasiadek’s business has changed locations, products, and services many times since it was founded. However, their motto has followed throughout the changes. Sasiadek’s has always been in the business of serving business.

Sasiadek’s Information Technologies provides network management, I.T. consulting and printer services to businesses. In the middle of the last century, 1957, Sasiadek’s started selling hand operated adding machines and servicing manual typewriters. Over the years their products and services have changed. Sasiadek’s continued to focus on delivering real value and personalized service to their clients. Today, Sasiadek’s is providing a complete outsourced information technology department for a flat fee to organizations throughout Southern Arizona.

In the middle of the last century, 1957, Sasiadek’s started in Tucson selling hand operated adding machines and servicing manual typewriters. Over the years their products and services have changed. Sasiadek’s continued to focus on delivering real value and personalized service their clients.

Sasiadek’s believes that the company’s success is equal to the summation of all the employees’ successes. Recruiting and comprehensive selection process enables them to hire very smart, talented people who want to contribute, and be part of a very successful organization. Today, Sasiadek’s has a hundred plus employees.

Sasiadek’s is a local, family-owned and operated business and the recipient of many awards recognizing its commitment to excellence and integrity. Sasiadek’s has earned a reputation for delivering outstanding technical service.

John Yarborough of Romano Real Estate Corporation in Tucson represented the seller, Pima Federal Credit Union. Victor Nasser with Tierra Antigua in Tucson represented the buyer in the transaction.

Yarborough can be reached at (520) 577-1000 and Nasser should be contacted at (520) 544-2335.

Sale date: 9/5/2013. All cash deal for $575,000.[/mepr-show]

Whitestone REIT of Houston, Texas (NYSE: WSR) purchased the Fountain Hills Plaza in Fountain Hills, AZ for $20.55 million ($185 PSF) for the 111,289-square-foot grocer and hardware store anchored retail center.

Located at the southwest corner of Palisades Boulevard and La Montana Drive in Fountain Hills, Fountain Hills Plaza benefits from one of the busiest intersections in the community as well as a well-established residential area. The retail center also features 143 covered parking spaces in front of Bashas’.

Glenn Smigiel, Bob Young, Steve Brabant and Rick Abraham of CBRE’s Phoenix office represented the seller, J & R Holdings XX LLC, an entity formed by Phoenix-based Pederson Group (Jeff Manellis, president).

“Fountain Hills Plaza is a very stable, solid, secure asset with Bashas’ and Ace Hardware as well-performing anchor-tenants,” said Smigiel. “With the current tenant roll and its excellent location, there is much opportunity to grow rents and fill the remaining vacancy. Additionally, there is further opportunity for development in the form of an available vacant pad.” Fountain Hills Plaza has a 6,000-square-foot vacant pad available for future development. Offering an excellent build-to-suit opportunity, the space has seen significant recent activity.

“We are very pleased with this transaction. After redevelopment and significant improvement of the property, we found an ideal buyer in Whitestone,” said Jeff Manelis, president, Pederson Group. “From our initial discussions, through due diligence to closing, Whitestone was excellent to work with and moved quickly to ensure the transaction was completed in a timely, efficient manner. The speed of the transaction enabled us to timely deal with a pending loan maturity.”

Originally built in 1986, Pederson Group redeveloped Fountain Hills Plaza in 2009 with a new, state-of-the-art Bashas’ and an expanded Ace Hardware. Since the redevelopment and despite the recent recession, the property has signed five new national tenants, including Little Caesar’s, GNC, H & R Block and Great Clips.

Public records show Whitestone Fountain Hills, LLC paid cash for the property which was 87% occupied at time of sale. The publicly-traded Whitestone REIT is looking to purchase additional retail investment and development opportunities in Arizona.

Whitestone REIT is at (713) 435-2208. Manelis of Pederson Group can be contacted at (602) 265-2888. Smigiel, Young, Brabant and Abraham in CBRE’s Phoenix office should be reached at (602) 735-5555.