TUCSON, ARIZON — Northwest Exterminating and Northwest Landscaping purchased a 2800-square-foot industrial building and 1.33 acre of vacant excess land in Shamrock Center for an aggregate total of $905,000. The company already occupies the building at 4645 N Shamrock Place and purchased the properties for expansion.

The building at 1771 W Dairy Place in Tucson sold for $650,000 ($232 PSF) and the vacant land at 4845 N Desert Gold Place in Tucson sold for $250,000 ($4.32 PSF) adjacent to each other.

Paul Hooker with Cushman & Wakefield | Picor represented the buyer, Northwest Exterminating and Northwest Landscaping, in the transaction.

Northwest Exterminating (NWE) started in 1990 as a Pre-Treat Company for new construction. It was started after a national company decided they no longer wanted to do Pre-Treatments and one of their employees, started the business with taking over the renewals of that company and agreements with builders. The company grew over the next 10 years due to the efforts of the original owners, Rod and Betty Elliot, and some employees of whom are still there today. One of those employees includes the second and current owner of the company, Chad Berg.

NWE has secured its position in the industry as the largest locally owned and operated pest control company in Southern Arizona. Northwest is consistently reported by the National Pest Management Association in the Top 100 Pest Control Companies nationally in the United States, a high industry point of recognition. Other notes of recognition that are highly valued in the pest management industry are being recognized by the National Pest Management Association (NPMA) as a Quality Pro company and Green Pro service provider. Quality Pro companies have proven to hold high standards of pest management and Green Pro service providers have a program certified by the NPMA as being an eco-friendly, responsible approach to pest management.

Its weed department became the first to become certified to service buffel grass projects in Arizona in 2013 by the Southern Arizona Buffel Grass Coordination Center and taking on large projects to eliminate this invasive weed species. The termite department is consistently credited by Dow Agro to be one to the top Sentricon (termite baiting system) providers in the country. The Pest Control Department Team derived of three divisions: Residential, Commercial and Specialty has specific recognitions to be highlighted.

The Residential Division continues to be the largest residential service provider in Southern Arizona including providing the NPMA recognized Green Pro service called our Saguaro Program or the Adobe Program.

Northwest Exterminating is a dedicated company with an elite team of employees with high standards of practice and an unmatched work ethic to deliver quality pest control solutions to customers.

For more information, Hooker should be reached at 520.546.2704.

To learn more, see RED Comp #6520 and #6526.

PHOENIX, Arizona –– CBRE has brokered the sale of The Wexler, a 219-unit multifamily community in central Phoenix for $26.5 million ($121,000 per unit).

Brian Smuckler, Jeff Seaman and Bryson Fricke represented the seller, 3030 N. 7^th Street, LP, an affiliate of Austin-based Pennybacker Capital, and the buyer, Wexler Partners, LLC, a California-based joint venture between WIP-Park Village II, LLC and WIP-Fireside II, LLC, who acquired the property in a 1031 exchange. The sale marks the buyer’s second multifamily property acquisition in metro Phoenix. The financing was secured by Rocco Mandala with CBRE Capital Markets, Debt & Structured Finance.

Located in the metro’s Central Phoenix Submarket at 3030 N. 7^th Street in Phoenix, The Wexler features renovated studios, one-, two- and three-bedroom units and offers residents various amenities, including a clubhouse, resort-style swimming pool, fitness center and barbecue area. The community benefits from its proximity to several central employment corridors, including Downtown Phoenix, Midtown and Biltmore, as well as numerous retail centers, professional sports venues and entertainment attractions. The Wexler is well-located for access to the area’s transit networks, including the Phoenix METRO Light Rail.

“The buyer had a 1031 exchange to complete and was pursuing assets in strong infill locations in which they could maximize value through improving operational inefficiencies,” said CBRE’s Seaman. “At the same time, we were working with the seller on a separate transaction and identified one of their properties, The Wexler, as a perfect fit for the buyer’s requirements. The sale marks a successful conclusion to an off-market transaction and is a result of strong collaboration between all parties involved.”

The U.S. multifamily market remains healthy, as 2018 net absorption reached the highest level since 2000, according to a recent CBRE report from CBRE Research. Among the largest markets (300,000+ units), Phoenix ranked second in biggest year-over-year declines in vacancy – down 80 bps to 4.6 percent and ranked second in highest year-over-year rent growth at 7.6 percent. The average rent in the Central Phoenix submarket has increased by more than 12 percent over the last year.

TUCSON, Ariz. –Sundt Construction, Inc. (www.sundt.com) recently was honored with the Industry Partnership Award from the Mining Foundation of the Southwest at the 36^th American Mining Hall of Fame Awards Banquet in Tucson, Ariz.

“Sundt is honored to be recognized by the Mining Foundation of the Southwest as a key mining industry leader and partner,” said Clint Sundt, Business Development Manager for Sundt’s Industrial Group. “Together our organizations work to enlighten the public’s awareness of mining, promote the values of the mining industry, honor mining’s past, and ensure mining’s future.”

The Industry Partnership Award was given in recognition of Sundt’s advocacy for the industry and the company’s work on numerous mining-related construction projects. It was also a historic occasion because the award has never, in its history, been awarded to a construction company.

The Mining Foundation of the Southwest is a nonprofit organization working to ensure public understanding of the importance of a strong and vibrant domestic and international mining industry. Other award winners included Harry M. “Red” Conger, Freeport-McMoRan Inc.’s President and Chief Operating Officer of the Americas; Dr. Hugh B. Miller, Associate Professor of the Mining Engineering Department, Colorado Schools of Mines; the Southern Arizona Business Coalition; and five Inductees from Mining’s Past (Andrew J. Prichard, Medora Hooper Krieger, William Peirce and E.A. Cappelen Smith and Robert B. Scanlan).