$2.15M sale of Chandler automotive retail building, $860K PHX office sale highlight NAI Horizon deals

1731 N. Arizona Ave., Chandler, AZ

PHOENIX, ARIZ. — The $2.15 million sale of an automotive retail building in Chandler and the $860,000 sale of an office building in North Central Phoenix highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:
Mark Wilcke negotiated a sale of a 9,974 SF retail building, representing the seller, 1731 Arizona Warner LLC, for $2.15 million. The property is located at 1731 N. Arizona Ave., Chandler, AZ. The buyer, Mesa Campus LLC, represented itself.

Kevin Higgins negotiated a sale of a 3,866 SF office building, representing the seller, SB Spartan Enterprises, LLC, for $860,000. The property is located at 1747 E. Morten Ave., Units 105-110, Phoenix, AZ. The buyer, ELM Holdings, LLC was represented by Justin Cirell with ROI Properties.

Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Ken’s Nails, in a 60-month lease for 1,500 SF at 439 S. Ellsworth Road, Mesa, AZ. The landlord, Evergreen-Broadway & Ellsworth, LLC, was represented by Mike Ord with DL Slaughter.

Don Morrow, Mike Myrick and Dylan Whitwer represented the landlord, AP-PP, LLC in a 60-month office lease for 2,405 SF at 401 W. Baseline Road, Tempe, AZ. The tenant, Megan Stanek and Seema Bacon, were represented by Kathleen Holmes with ROI Properties.

Mike Myrick represented both the landlord, Thomas Investments Limited Partnership, LLP and the tenant, Pulmonary Associates, PA in a 36-month office lease for 3,841 SF at 1112 E. McDowell Road, Phoenix, AZ.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Joanie Geroulis, in a 36-month retail lease for 1,848 SF at 15443 N. Cave Creek Rd., Phoenix, AZ. The tenant, German Auto AZ, LLC, represented themselves.

Matt Harper, CCIM represented the tenant, Puleo Fitness, Inc., in a 60-month retail lease at 3220 W. Southern Ave., Phoenix, AZ. The landlord, MBB Laveen, LLC, was represented by Jennifer Eggert with Orion Investment Real Estate.

Thomas Bean, CCIM represented the sublandlord, Orora Packing Solutions, in a 21-month office sublease at 1900 W. University Dr., Tempe, AZ. The tenant, Barrett Financial Group, LLC, was represented by Michael Douglas with Commercial Properties Inc.

Don Morrow, Mike Myrick and Dylan Whitwer represented the landlord, AP-PP, LLC, in a 39-month office lease for 2,086 SF at 401 W. Baseline Road, Tempe, AZ. The tenant, Optimal Health and Wellness, Inc., was represented by Nancy Dang with Keyser.

Rick Foss and Jay Olson represented the landlord, Friedman Anthem, LLC, in a 38 mo. industrial lease for 2,330 SF at 42302 N. Vision Way, Anthem, AZ. The tenant, Sonoran Cycles, LLC, was represented by Alan Houston with SRS Real Estate Partners.

Matt Harper, CCIM represented the landlord, Robert Lee Thatcher and Arlene A. Thatcher, in a 38-month retail lease for 1,215 SF at 7025 N. 48th Ave., Glendale, AZ. The tenant, Duran Bennett and Stephanie Bennett represented itself.

Don Morrow, Mike Myrick and Dylan Whitwer represented the landlord, Richard & Lisa Ivicevic, in a 24-month office lease for 694 SF at 600 E. Baseline Road, Tempe, AZ. The tenant, East Valley Senior Care, LLC, was represented by Goldstar Business Brokers.




Liv Communities garners No. 3 national ranking for its Online Reputation Assessment score; Chandler community among top 10 in Arizona

TEMPE, ARIZONA ‒ Liv Communities, a leader in multi-family and senior living development and property management, has been recognized in Arizona and Michigan for its high Online Reputation Assessment (ORA) scores for 2019.

Liv Communities ranked No. 3 nationally in the Division IV category (2,000 to 9,999 units) with an ORA of 84.92. The average ORA of all companies in that category was 61.66.

Liv Avenida Apartments in Chandler ranked fifth in Arizona with an ORA of 93. Liv Arbors in Traverse City, Michigan., ranked eighth with an ORA of 89.

ORA scores are determined by J Turner Research, the leader in online reputation research in the multifamily industry, and represent the industry standard to measure and benchmark a community’s online reputation.

“We are humbled by our beloved residents who continue to share their great experiences with others. The honor of being recognized for contributing to their happiness is great inspiration for us to continue to improve our brand for every Liv customer,” said Heidi Arave, Vice President of Liv Multifamily. “We love helping people ‘liv’ fuller lives, and hearing we’ve made a positive impact for our residents is what gets us up in the morning.”

The ORA score is an aggregate compilation of a communities rating across more than 21 review sites and Internet Listing Services (ILSs). Multifamily Executive (MFE), J Turner’s media partner, publishes the rankings each month.

J Turner has produced more than 25 national research studies that highlight emerging trends, shifting demographics, industry best practices and new market opportunities.

To enrich the lives of its residents, Liv incorporates elements of technology, sustainability, wellness and community into its community designs. Liv offers resort style, state-of-the-art amenities including resort-style pools and spas, fully equipped fitness centers with personal trainers, indoor and outdoor lounge areas, game rooms, parks, walking paths and more.




Governor: New airport terminal example of Prescott’s strong economic development

Arriving at the Prescott Regional Airport Thursday, Feb. 13, 2020, Gov. Doug Ducey, center, greets Prescott Mayor Greg Mengarelli, left, and Airport Director Robin Sobotta, right. As a part of the governor’s visit to Prescott, he received an update on progress on the city’s new airport terminal project. (Cindy Barks/Courier)

By Cindy Barks | Originally Published in The Daily Courier, February 14, 2020 9:29 p.m.

The $1.25 million that the State of Arizona is putting into Prescott’s new airport terinal is expected to be money well-spent, Gov. Doug Ducey told city officials this week.

“We know the return on investment is going to be large,” Ducey said during a brief stop at the Prescott Regional Airport Thursday morning, Feb. 13.

In town for a “State of the State” talk with Prescott-area leaders and business people, Ducey stopped first at the airport to get a first-hand look at the construction that is underway on the new $15 million passenger-terminal project.

There, he met with Mayor Greg Mengarelli, Airport Director Robin Sobotta, and other city officials, along with representatives of project contractor, Willmeng Construction.

With backhoes and dump trucks rumbling in the background, Sobotta told Ducey that the airport has already served about 77,000 passengers since new commercial carrier United Express, operated by SkyWest Airlines, began service in August 2018.

The airport’s strong showing helped Prescott’s case in the Federal Aviation Administration’s (FAA) recent award of $10 million to the new-terminal project, Sobotta added.

Along with the FAA money, the city also received a $1 million allocation from the state early on, and another $250,000 as a match toward the $10 million.

During a brief meeting with Mengarelli and other City Council members inside the existing 1940s-era airport terminal, the governor cited the new terminal project as an example of strong economic development in Prescott and the rest of the state.“It’s really nice for me as a governor — somebody who wants to be the chief spokesperson for the state — to not only be able to brag about what’s happening in the urban core, but all over our state,” Ducey said.

Toward that progress, he said, “Yavapai County and Prescott really lead the way in what’s possible for the rest of America. It’s a community that comes together.”

Mengarelli agreed, telling the governor, “We’re kind of hitting a stride.”

PROJECT PROGRESS

Willmeng Principal in Charge Keith Sabia, and President and CEO James Murphy reported that the terminal project is currently in the utility relocation phase. In recent weeks, Sabia said, “We’ve touched every single utility.”

At times, the underground discovery project has turned up surprises from the past. For instance, Sobotta said the work revealed an abandoned well, along with several old water lines. “There were some unforeseen conditions with older utility lines,” she said, adding that, in some cases, the lines dated back to the 1950s and 1960s.

Although the unforeseen conditions caused some delays in the project, Sobotta said the time likely would be made up in coming months.

Sabia noted that foundation work would likely begin by next month, and the building should be enclosed by this summer. The project is expected to be complete by this time next year.

Sobotta said the work could be substantially complete by January 2021, with all of the final punch-list details completed by mid-February.

FLIGHT IMPROVEMENTS

Also related to the continued strong flight numbers will be some improvements in the flight schedule in months to come.

Sobotta noted that United Express had earlier announced an additional daily flight to Denver, beginning in March.

Also, beginning in about June, the airline plans to switch its daily Prescott-to-Los Angeles flight to 6:30 a.m. — from its current 6:15 p.m. time slot.

Sobotta said the morning flight time would be advantageous for business travelers, as well as those planning to make connections to other locations at Los Angeles International Airport.

Still to come in the airport’s ongoing developments is a possible “land-side study” that will look into issues such as parking, shuttles and rental cars.

The study would require approval by the Prescott City Council, and Sobotta said the matter could go to the council within the next three months.

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