PHOENIX, ARIZ. – NAI Horizon represented the seller through a revocable trust in the $1.748 million disposition of an industrial warehouse at 3265 N. Delaware St., in Chandler, Ariz.

NAI Horizon Senior Vice President Jeff Adams represented Hugh J. Doss and Margarette E. Doss, as Trustees of the Hugh J. Doss and Margarette E. Doss Revocable Trust.

The 16,417-square-foot property is a freestanding, fenced-improved industrial building. The sale included a partial seller leaseback of up to 18 months with a nominal mutual lease termination clause.

The facility will be occupied by a supplier of window covering solutions for the design industry. Built in 2001, the industrial warehouse has clear ceiling heights of 22 feet. It features more than 3,000-square-feet of improved office and is located in a secure industrial park.

“The transaction was a unique win-win for both sides,” Adams said. “It allowed the buyer to slowly expand into a neighboring facility while allowing the seller, who preferred not to move immediately, the ability to lease back nearly half the space for a mutually determinable period. For a minor sales price discount accorded the buyer, the seller was able to lessen its capital gains tax hit while also receiving a reduced market lease back rate.”

Adams also represented the current seller in the original purchase of the facility almost 14 years ago.

Gary Pedersen with Phoenix Commercial Properties represented the buyer, Helser Brothers Investments LLC, an Arizona limited liability company in Chandler.

     New work adds to company’s growing hypersonic portfolio

TUCSON, Ariz. — Raytheon Company (NYSE: RTN) will build and deliver the control, actuation and power-conditioning subassemblies that control flight of the U.S. Army’s new Common-Hypersonic Glide Body program. The work will enhance the system’s flight performance and will be performed under Dynetics Corporation contracts.

The Army is leading a team with the U.S. Navy and Air Force to deliver hypersonic weapons that are launched from land, sea or air and will travel at speeds greater than Mach 5.

“Raytheon is at the forefront of hypersonic technology development,” said Dr. Thomas Bussing, Raytheon Advanced Missile Systems vice president. “We will bring our years of advanced weapons development experience to rapidly transform the government’s initial concept into a producible design.”

Hypersonic weapons will enable the U.S. military to reach out farther and strike faster compared to current weapons. Raytheon is developing both offensive and defensive solutions as part of its expanding hypersonic portfolio.

Raytheon will also help assemble and test the new glide body under the Dynetics Corporation contracts.

Company Will House Regional Headquarters in Camelback Corridor Tower

Phoenix, Arizona – Fieldwork, a leader in world-class marketing research services and facilities, has leased space at Biltmore Center, 2394 E. Camelback Rd. The location will serve as the company’s regional headquarters.

The firm leased 11,808-square-feet of space for a term that spans more than 10 years. Fieldwork, which was formed in Chicago in 1980, has expanded its services as market research has evolved from the standard focus group to incorporate other methodologies and technologies.

Biltmore Center is a premier location for companies like Fieldwork,” says Steven Schwarz with ViaWest Group, owner/landlord of Biltmore Center. “We are thrilled they found value in our amenities and the community we have created here. We look forward to watching the company thrive in their new setting.”

Ryan Timpani and Phil Breidenbach of Colliers International in Arizona represented ViaWest Group in the lease negotiations. Jenny Turner of Cresa represented Fieldwork. Fieldwork will take occupancy of its new suite in January 2020 and eventually will employ 50 people at this location.

“This property offered Fieldwork the modern workplace environment they desired within a premier Camelback Corridor location,” says Timpani. “Biltmore Center’s ecosystem and its adjacency to so many restaurants, shopping, and all levels of housing also contributed greatly in attracting Fieldwork. On-site dining, conference space, lounge and gathering areas, etc. are all terrific offerings that benefit Biltmore Center’s tenant companies.”

This particular tower at Biltmore Center was constructed in 1990 and remodeled in 2019. Its Class A office space is situated at the northwest corner of 24^th Street and Camelback Road in the heart of the Camelback Corridor.