Phoenix, Arizona – CBRE announced the sale of two retail properties located within the 147,469-square-foot Elliot Plaza in Tempe, Arizona for $10.45 million.

Steve Julius, Jesse Goldsmith and Chase Dorsett of CBRE in Phoenix represented the seller, Phoenix-based The Niki Group/ Unified CRE Investors, in both transactions.

Elliot Plaza – Main Building is a multi-tenant shopping center located at 7720, 7760A and 7760B S. Priest Drive in Tempe, Arizona. Susan Ehsan of San Juan Capistrano, California acquired the 53,158-square-foot, 100 percent leased property from The Niki Group/ Unified CRE Investors for $6.6 million. Tenants include The Tile Shops, American Freight Furniture and Palette Collective – a local salons suites operator with 46 sub-suites and a coffee shop—all on triple-net (NNN) leases.

In a separate transaction, DG Boo Investments, LLC/Joe Wojdowski of San Diego, California purchased a 10,000-square-foot, multi-tenant retail pad located at 7700 S. Priest Road in Tempe, Arizona from The Niki Group/ Unified CRE Investors for $3.85 million. The property is 100 percent leased to Firehouse Subs, Hertz and Black Bear Diner, which are all on NNN leases.

Built in 1990, both properties are situated at the southwest corner of Elliot Road and Priest Drive and benefit from high traffic counts, strong visibility, strong demographics and household formation. More than 182,149 people live in the City of Tempe, with an average household income exceeding $76,000 and projected population growth of 8.1 percent between now and 2022, according to CBRE Research.

In 2018, CBRE represented Dallas-based Trigate Capital and The Niki Group/ Unified CRE Investors in the $26.1 million sale of Elliot Plaza.

TEMPE, ARIZONA – Since it was founded in 2004, Solutions AEC has grown its footprint in 37 states and opened an office in Tempe.

As the St. Louis-based fully-integrated, engineering-led building systems and construction firm celebrates its 15^th anniversary, its growth plans include expanding it presence in Arizona and growing the Tempe office. Solutions AEC employs a workforce of 41.

“Solutions AEC has been blessed with a steady stream of great relationships,” said Principal/CEO Matt Ford, PE. “Team members who live by the SAEC core values have strengthened their relationships with each other, our clients, building owners and our community.

“Our most valuable asset is our people. We preach ‘team’ in everything we do, whether it’s teaming with our clients or teaming with good people within the walls of our offices in St Louis and Tempe,” Ford said.

Solution AEC’s Arizona footprint includes Link PHX, a multifamily project at Third and Pierce streets in Phoenix; the City of Phoenix’s 27^th Avenue compost facility, an industrial project; Tempe Crossroads, a student housing project; and La Loma, a Sun Health senior living home in Phoenix.

Solutions AEC provides mechanical, electrical, plumbing, design-build construction and engineering services. It is focused on delivering services to owners, general contractors and architects that ensure that building occupants get more building for their money.

The commissioning services group insures a fully functional building that meets the energy efficiency and functional performance goals for the project. Solutions AEC executes projects from coast to coast and enjoys a strong track record of keeping design/build projects under budget and providing timely delivery on the mechanical, electrical, plumbing and fire protection systems it constructs.

The Solutions AEC market share includes industrial; healthcare; multifamily including senior and student living; commercial/mixed use; hospitality; and federal projects.

“We take great pride in the projects to which we’ve added value,” Ford said. “We served as the MEP engineering consultants on the nation’s first Net Zero project under the Living Building Challenge. “Since our establishment we have made a significant impact in the sustainable design and construction industry.

“For 15 years we have been able to team with outstanding contractors, vendors and designers to allow our owners to get more building for their money. Higher efficiency buildings and cost-effective systems that meet their goals for the performance of their building. I’m excited about our people and our 2030 vision and look forward to finding more outstanding people to be a part of that future,” Ford said.

For more information visit www.solutions-aec.com.

TUCSON, ARIZONA – Dr Peter Hanna bought a condominium combo at Ina Road Professional Center for $1.85 million ($238 PSF). The units were sold by Territory Properties, LLC (Dr. Jeanette Wendt, manager) that occupied the property for a neurologists’ office previously, before retiring.

Ina Road Professional Center was originally platted and constructed in the mid-1980’s.  Dr. Hanna will occupy the space at 1631 West Ina Road for Ina Family Medical Practice.

Mark Hays with Tierra Antigua in Tucson handled the transaction for both buyer and seller.

In a separate transaction, a vacant pad located at the northeast corner of the center sold for $400,000 ($59.37 PSF) for construction of a 6,737-square-foot building. Walter Hoge of Rio West Development and Construction, the buyer,  will construct the built-to-suit for an undisclosed occupant.

With these transactions, there is only one vacant pad remaining in the Ina Road Professional Center. It is located to the west of the Body Basics building and Mark Hays is the listing broker for it.

Caylor Construction Company of Tucson (Rob Caylor, owner) recent finished a new 6,300-square-foot built-to-suit building at 1671 W Ina Road for Dr. Susan Courtney Family Medicine, located at the northwest corner of Ina Professional Center.

For more information, Hayes should be reached at 520.444.5401.

To learn more, see RED COMP #7077 and #7058.