CBRE Inks Final Tenant to Bring 73,000 SF Gilbert Industrial Building to Full Occupancy

Phoenix, Arizona – CBRE announced today that it has signed a 42,149-square-foot lease at 1405 N. Fiesta Blvd. in Gilbert, Ariz., bringing the multi-tenant industrial building to full occupancy.

CBRE’s Evan Koplan and Serena Wedlich represented the landlord, Abington Emerson Investments, LLC, a real estate investment and management firm located in Los Angeles. NAI Horizon’s Isy Sonabed and Joseph Howell represented the tenant.

“Abington Emerson shared our vision to reposition the asset and deliver a product type that fully captured current market and tenant demand,” said CBRE’s Koplan. “With a vacancy rate of 4.04% in Gilbert for this asset class, lease opportunities with improvements in place like those at 1405 N. Fiesta Blvd. are becoming extremely difficult to find. Our marketing approach was both strategic and targeted, leading us to secure long-term leases and attract Fortune 100 credit to fully lease up the property.”

Built in 1998 and extensively renovated in 2018, the 73,282-square-foot building is currently home to two tenants including Phoenix Logistics, an aerospace and defense manufacturer, which signed onto the property in mid-2018.

Situated less than a mile from the U.S. 60, the facility is located within the Fiesta Tech Center in north Gilbert. The property is fully air conditioned and features heavy power, 26-foot warehouse clear heights, truck well/grade level loading and ample parking.




New Corporate Headquarters for MEB Management Services

PHOENIX, Arizona – ORION Investment Real Estate is pleased to announce the lease of the new corporate headquarters for MEB Management Services. MEB will occupy a portion of the office building located at 11201 North Tatum Boulevard in affluent Paradise Valley. The suite totals +/- 9,975-square-feet and will incorporate a new modern build out.

In addition to occupying the building, MEB will professionally manage the property on behalf of ownership, a partnership between Madison Marquette and Roseview.

Nick Miner, CCIM, of ORION Investment Real Estate represented the tenant, MEB Management Services, in this transaction. Miner said, “This was a win-win-win for all parties involved. Ownership was in search of a great management company and the timing just happened to align for MEB to be a tenant in the property as well. “Ever since I assisted MEB with the sale of their former HQ building on Missouri, we have been on the hunt for an opportunity like this,” said Mr. Miner. MEB hopes to relocate to the property after the improvements have been completed sometime in mid-summer.




Tucson Cancer Conquerors host Open House March 16 at Brandi Fenton Memorial Park

TUCSON, Arizona — A group of cancer survivors will host a free open house Saturday, March 16, from 10 a.m. to 1 p.m. at Pima County’s Brandi Fenton Memorial Park, 3482 E. River Road.

Food, music, prizes, exercise demos and a huge inflatable slide will be featured at the event, hosted by Tucson Cancer Conquerors (TCC). The all-volunteer group meets regularly at the park’s visitors center, and is dedicated to empowering cancer survivors and those who support them to achieve optimal wellness.

The day will feature walking tours of the park, butterfly garden and Historic Bingham House. Ken Harvey, executive chef at Loews Ventana Canyon will offer cooking demonstrations featuring the TCC organic garden. Mrs. Grant of 94.9 MIXfm also will be on hand.

Within the park’s visitors center, Tucson Cancer Conquerors maintain a resource room and lending library open to all members during TCC events. The group also offers lectures, exercise classes, online resources and much more. For more information, contact [email protected] or 520-505-1406. The 56.7-acre Brandi Fenton Memorial Park is managed by Pima County’s Natural Resources, Parks and Recreation Department. The park balances the need for public recreation while retaining the character of the Binghampton Rural Historic Landscape through a collaborative effort involving citizens, elected officials and County staff. The park includes three soccer fields, covered basketball courts, shade ramadas, an equestrian arena and facilities, horse shoe pits, a playground, splash park, an off-leash dog park, walking paths, a fitness course, and a memorial garden at the visitors center.