PHOENIX, ARIZONA – With more than 20 years of combined experience in the Valley, local minority business people Samantha Root and Vince Ortiz have collaborated to launch Lujo Commercial Cleaning.

The new company, located at 2801 E. Camelback Road, Suite 230, in Phoenix, will provide full-service commercial cleaning. Services include power washing, commercial floor care (carpet and solid floors), window washing, commercial evening and/or daytime cleaning, medical office cleaning, day porter service, detail cleaning projects and construction cleanup.

“We have designed a commercial cleaning company that has woven its principals and values into every single thing that has our name on it,” said Root, who hold the title of co-owner. “We are intentional in everything we do, making it a point to live our values in and out of the commercial cleaning industry.”

Root, who has more 18 years of marketing and sales experience, previously worked for a commercial cleaning company. It catered to a diverse commercial market. Root is active among local Root holds real estate licenses in Arizona and Texas, of which she is a native. She is a resident of Peoria and the mother of five children. She and her husband have been married for 12 years.

Ortiz, also co-owner, possesses more than 32 years of experience in commercial cleaning services. He served as a regional manager for a national commercial cleaning company overseeing its operations. A resident of Goodyear, Ortiz is a native of San Diego. He has five children.

For more information, contact Root at (623) 341-5379.

Additions will grow company’s geographic presence and bandwidth

PHOENIX, Arizona – Less than a year after its formation, boutique metro Phoenix brokerage firm Citywide Commercial has expanded with six new brokerage team members. The additions allow the company, which specializes in commercial real estate properties of all types and sizes, to expand by geographic presence and bandwidth.

“Our goal for now is to double in size on an annual basis,” said Citywide Commercial Founder and Managing Principal Todd Hamilton. “Strong market projections have made this not only a realistic goal but also a gratifying one to achieve, particularly when it means adding such knowledgeable and well-respected brokers to our team. They share the same passion for customer service, and have come on board ready to expand our collective presence in the Valley.”

The new members of the Citywide Commercial team are:

Bo Sederstrom, Senior Sales & Leasing Agent. A 30-year industry veteran, Sederstrom specializes in tenant and landlord representation, most recently including negotiations for an almost $50 million life science lease in metro Phoenix. He is a member of the ASU WP Carey College of Business Alumni Board of Directors, ASU Presidents Club and Sigma Alpha Epsilon Phoenix Alumni Association Board of Directors, and is Past President of the City of Phoenix Industrial Development Authority.

Jack Scanlan, Associate Broker. Scanlan offers more than 42 years of corporate ownership and sales expertise. He specializes in industrial warehouse leasing and provides professional representation for commercial building owners. Scanlan’s primary focus is the metro Phoenix West Valley.

Scott Wiley, Associate Broker. Wiley’s career spans 17 years and more than $500 million in transactions, with a specialty focus on industrial properties. He holds a bachelor’s degree in computer systems and is a U.S. Army veteran, with service as a Battlefield Control Communication Specialist.

Scott Craig, Sales & Leasing Agent. Specializing in the Northeast Valley with a focus on the Scottsdale Airpark, Craig applies more than 20 years of small- and mid-size business expertise to locate companies in well-matched office, retail and industrial space. He holds a bachelor’s degree in Science in Information Systems and a master’s degree in management information systems.

Garrette Golding, Sales & Leasing Agent. Golding has been leasing and selling commercial real estate since 2017. Prior to this, he worked for a large financial services company where he supported independent advisory firms with $5 billion in assets under management. He holds Series 7, Series 66 and Series 9 licenses.

Ken Schawl, Sales & Leasing Agent. Ken specializes in industrial sales and leasing for tenants and landlords, with a focus on the Southwest Valley submarket including Avondale, Glendale, Goodyear, Tolleson and West Phoenix. Prior to joining Citywide, Ken served as a broker for Phoenix West Commercial.

Citywide Commercial Real Estate is located in the heart of the Camelback Corridor at 2122 E. Highland Ave., Suite 335, in Phoenix. For additional information, contact the company at 602.313.1000 or www.citywidecre.com.

Marana, Arizona – The CVS store at 7740 North Cortaro in Marana sold in a net lease sale for $5.8 million ($403 PSF). Marana Zero I, II and III of Woburn, MA were the sellers and LSD Enterprises of San Francisco was the buyer.

The 14,375-square-foot CVS Pharmacy was built in 2003 on 2 acres at the southeast corner of Cortaro and Silverbell Roads in Marana.

CVS Pharmacy is currently the second largest retail pharmacy in the US, behind Walgreens and continues to deliver new net lease properties to the market. CVS also now boasts a higher credit rating than Walgreens (historically CVS had a lower credit rating than Walgreens) and is considered investment grade with a stable outlook, which improves the value and marketability of corporate guaranteed net lease properties.

Traditionally, CVS leases featured a flat rental structure, however, recently prime locations have been able to demand rental bumps during options – making these properties highly sought after by the net lease investor. The attraction to the investor is likely due to the stability and profitability of the Pharmacy segment as well as the investment grade credit of CVS. The real estate also plays an important driver in these assets, as they are almost exclusively hard corner locations with premiere visibility, and generous access on 1.00 – 2.00 acres of land.

CVS Health Corporation is a publicly traded company on the New York Stock Exchange and has been in business for more than 50 years with the start of first store in Lowell, Massachusetts.

CVS Health Corporation includes CVS Pharmacy which approximately has 9,700 retail pharmacies, CVS MinuteClinic with more than 1,100 walk-in health care clinics, CVS Caremark, a leading pharmacy benefits manager with more than 90 million plan members, and CVS Specialty, a dedicated senior pharmacy care business serving more than one million patients per year, and expanding specialty pharmacy services.

Ryan Sarbinoff with Marcus & Millichap in Phoenix and Zev Forrest with Marchus & Millichip in Encino handled the transaction.

For more information, Sarbinoff can be reached at 602.687.6750 and Forrest is at 818.212.2413.

To learn more, see RED Comp #6988.