PHOENIX, Arizona – The investment sales team of Chris Toci and Chad Littell of Cushman & Wakefield, supported by the agency leasing team of Keith Lambeth, successfully closed the sale of Camelback Lakes. New York-based DRA Advisors, LLC acquired the 203,290-square-foot (sf) low-rise for $47.5 million.

Developed in 1983, the four-building, multi-story office project with a detached parking deck is 85% occupied with strong leasing activity and is located at 2710, 2720, 2730, and 2850 E. Camelback Road in one of the most esteemed submarkets in Metro Phoenix. Featuring a campus-like setting with over 900 feet of frontage and a lighted intersection along Phoenix Metro’s most well-known thoroughfare, Camelback Lakes exhibits an unquestionable prominence within the Camelback Corridor.

“Considered the most prolific barrier to entry submarket in Phoenix, the Camelback Corridor has witnessed, over time, some of the most significant rent spikes throughout the Valley and Camelback Lakes is well-poised to capitalize on that rent growth,” said Chris Toci, executive managing director of Cushman & Wakefield.

“Located in the heart of the Camelback Corridor, Camelback Lakes offers unmatched views of Piestewa Peak and provides immediate access to some of the state’s premier shopping destinations, exclusive residential communities, resorts, and mixed-use developments,” said Chad Littell, managing director of Cushman & Wakefield.

Mainstreet Capital (David Warren, Paul Kilgallon, Peter Tonon) is no stranger to the Camelback Corridor, as Warren was instrumental in the acquisition and reposition of Anchor Center in 2010. Mainstreet Capital will provide property management services and Cushman & Wakefield’s Keith Lambeth, executive managing director, will retain the leasing. “With virtually no new construction in the Camelback Corridor, rents are on the move and harken to the 2005 to 2007 time period which witnessed nearly 50% rent growth in one year,” reported Lambeth.

Games every week through July 17 with several promotional nights

PIMA COUNTY – Support the aspiring ball players of the Sun Belt College League by attending a game at Kino Sports Complex through July 17. Featuring eight teams, the League plays at Kino Veterans Memorial Stadium and at the South Complex Fields, 2500 E. Ajo Way nightly, except Sundays and Wednesdays.

Now in its eighth year at Kino Sports Complex, the Sun Belt College League gives recent high school graduates and college baseball players the opportunity to advance their skills by participating in its competitive summer program. This summer, the league’s teams include the Aztecs, BNL Rockets, Cochise Stars, Old Pueblo Kings, Rincon Knights, Team Tucson and the Tucson Champs.

Catch a game during one of the following promotional nights to score a giveaway, benefit a good cause or get a discount on the admission price.

Sun Belt College League Promotional Nights:

• Rally Towel Night: Tuesday, June 18
  First 500 paid general admission receive a rally towel with league logo.
• Strike Out Cancer Night: Monday, June 24
  The league will donate 50% of all general admission sales, plus conduct a 50-50 raffle with all proceeds benefitting the University of Arizona Cancer Center.
• Emergency Services Appreciation Night: Tuesday, June 25
  Law enforcement and EMT with proper ID receive free admission and $3 off general admission for family members.
• Fan Appreciation Night: Friday, July 12
  First 500 paid general admission will receive souvenir stadium cup and other prizes.

Games take place every week at Kino Veterans Memorial Stadium and the Kino Sports Complex South Fields. Stadium general admission tickets cost $5 for adults or free for kids 12 and under. General admission to games played at the South Complex Fields is $4 for adults, free for high school students with 2018-19 school ID and free for kids 12 and under. Cash only sales. Gates open one hour before game time. To see the game schedule, click here.

The Sun Belt League will play its All-Star game on 4^th of July as part of Kino’s Annual Diamonds in the Sky Celebration. This separately ticketed event will offer activities for kids, giveaways at the door and a post-game fireworks celebration. General admission tickets cost $4 or free for kids 5 and under. Advance tickets include free parking. They’re on sale now at Food City, Cactus Bowl, Pizza Hut and Kino’s Administrative Office. See the Diamonds in the Sky Celebration page for more details.

During game nights at Kino Stadium, the facility will enforce a clear bag policy, which requires visitors to bring personal items inside a clear plastic vinyl bag that does not exceed 12” x 6” x 12” or a small clutch bag no larger than 4.5” x 6.5”. The Stadium will also apply its no outside food and beverage policy, with the exception of one 16 oz bottled water per person.

For more details, visit the Sun Belt College League website

Phoenix, Arizona – Brokers all across the valley schedule tours for the average prospect but Director of Retail Leasing, Mary Nollenberger with SVN Desert Commercial Advisors is working with Palette Collective Studios to bring in a variety of different tenants to the 10,000-square-foot building in Tempe, AZ.

Just recently, Nollenberger hosted a broker event at the large space in the retail shopping center at 7720 S. Priest Dr. The owners, Seth Wells and Brett Kalina originally met through mutual colleagues and worked together on several residential real estate projects before introducing this new commercial concept, Palette Collective.  To date, they have 4 locations in the valley which has brought a unique concept in redefining the workplace for small business owners.  “We want to accommodate different industries as it applies to our tenants,” Wells stated.  The owners want to let the business community know that their locations are more than just real estate.  Wells went onto say, “We are trying to reshape and redefine what CRE is for people by offering that small or more tangible, more manageable opportunity for a small business owner.  We want to be known as people that can help them develop and grow their business too.”

Palette Collective has 46 suites that can be customized for their tenant.  The Tempe location is about 50% occupied and hope to add to their tenant list over the next few months. SVN Advisor, Nollenberger will be helping in the process for her clients that do not need a huge retail or office space, but rather a working space for their business.  The partnership will open more opportunities for small business users and also bring awareness to those who just want to work freely on any given day.  Co-owner Kalina stated, “We are creating universal designs for everyone. We are a little bit different than most, because our concept is about bringing in tenants of all types of businesses.”

“This event allowed the community brokers to see the value of connection, collaboration, and coffee,” said Nollenberger.  “Palette Collective offers this as top solution for small businesses.”  Each location has a coffee shop in the lobby with a selection of open seating right in the front.  Anyone can walk in, order some coffee or snacks, set up their work station at the tables or sit comfortably on the couch and work independently.  As seen on Instagram, “I love @palettecollective brand and what they are all about!! Love working there,” said by IG user @forge_studio_az.  A testimonial that is highly recognized from one of their tenants.

The Palette Collective has so much in store for the valley.  The Queen Creek location will be opening soon and the owners hopes to open more locations all across the valley.  The co-working space is also the new “Marketplace” for all business owners who just want a place to work.  Not only is it open to the public, people can rent it out for meetings, conference room training, and/or a place to host business events and more.  Additionally, the locations offer workshops and training to their tenants on how to market and grow their business as well as working with a list of business experts to come in and work with their tenants to help them succeed.

In short, entrepreneurs from many industries have the opportunity to pursue their dreams by working in their own private studio to build and create a space that reflects their brand and style.  SVN Desert Commercial Advisors, Nollenberger will help small business owners find their perfect “Place to Create.”