Tuesday, April 23, 2019

Tucson Lease Report April 15-19, 2019

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 15 thru 19, 2019. INDUSTRIAL – 2949 E ELVIRA RD., TUCSON David Selected Advisors renewed their lease for a 20,000-square-foot industrial property located at Tucson Airport Center, 2949 East Elvira Road...

 Vascular Surgeon to open new medical facility in Peoria

Phoenix, Arizona –  SVN Desert Commercial Advisors finalizes a long-term lease at the Peoria Medical & Professional Center in Peoria, AZ.  Advisor Jonathan Levy worked with the tenant in finding the perfect space for the medical facility expansion in the west valley. The tenant, Northwest Vascular will also include some...

Vestis Group Helps Sprint Open Four New Stores in Tucson, Phoenix,...

Vestis Group negotiated four long-term corporate leases for Sprint in Phoenix, Mesa, Gilbert and Tucson, Arizona Phoenix, Tucson, Mesa, Gilbert, Arizona –Vestis Group, a commercial brokerage and investment firm, is pleased to announce the completion of four long-term corporate leases for Sprint (NYSE: S) in Arizona. The Phoenix based Vestis Group commercial brokerage...

NAI Horizon represents landlord in long-term lease totaling 1.746M for blood...

PHOENIX, ARIZONA – NAI Horizon represented the landlord in a long-term lease for a blood plasma collection center at Red Mountain Plaza in Mesa. NAI Horizon Vice President Matt Harper, CCIM, and Associate Michael Gaida represented Red Mountain Asset Fund I, LLC, of Santa Ana, California, in the long-term lease...

NAI Horizon celebrates award-winning, record-breaking 2018 as it continues to grow

PHOENIX, ARIZONA – NAI Horizon’s success in 2018 was highlighted by national recognition, continued growth and a record $357 million in total transactions. The firm received the NAI Global President’s Award in recognition of its leadership, teamwork, and performance at the NAI Global’s international convention in Austin, Texas. Terry Martin-Denning, NAI...

Maracay Debuts Deseo A New Peoria Community This Weekend

Deseo offers estate-sized homesites with RV garage options PEORIA, Ariz.– Maracay is debuting Deseo with a grand opening celebration on Saturday, April 27. Located at 77th Avenue and Pinnacle Peak Road, the new home community is comprised of 94 homesites that offer RV garage, accessory garage and casita options on...

Verona Park Apartments in Mesa Sell for $43.75 Million

Utah Investor Plans to Complete Renovations of Community in Popular Infill Location Phoenix, Arizona –  Bridge Investment Group of Salt Lake City has purchased the Verona Park apartment community at 1666 S. Extension Rd. in Mesa for $43,750,000 ($144,000 per unit).  The Utah investor plans to complete modernization of the...

Jackson-Shaw and LaPour Partners Break Ground on Urban Insutrial Development Parc...

JLL Granted Leasing Assignment for Development Slated to Open CHANDLER, ARIZ. -- Dallas-based Jackson-Shaw and Las Vegas-based LaPour Partners announce the groundbreaking of Parc Germann, a 224,471-square-foot, two-building urban industrial development in Chandler, Arizona. Building A is located at 2215 E. Germann Road and Building B is located at 2225...

Churchill Commercial Capital funds $6.85 Million on 3 flex industrial buildings

Churchill Commercial Capital, Inc. (CCC), has recently funded three permanent loans on three individual flex industrial buildings in the Scottsdale Airpark. The combined loans of $6,850,000 replaced an existing bank note. New funding was provided through one of  CCC’s correspondent life insurance companies The loans featured interest rates in...

Phoenix office market absorption hits 10-year quarterly high

Q1 JLL Office Report denotes more than 1 million square feet absorbed since first of year PHOENIX, Arizona – According to JLL’s Q1 Phoenix Office Market Report, metro Phoenix has absorbed more than 1 million square feet of office space since the first of the year – a quarterly high...

Tucson Industrial Realty Handles Sale of Two Tucson Industrial Buildings

TUCSON, Arizona – Dave Gallaher, CCIM, of Tucson Industrial Realty has announced the closing of 4625 South 3dr Avenue in Tucson for $850,000 ($36.80 PSF) for the sellers, James and Patricia Novak to Howard Tran, the buyer. Seller was motivated since having sold the business ACS International, formerly known as...

Clear Sky Capital Sells Scottsdale Apartments for $26.15 Million

Cushman & Wakefield Negotiates Sale of 164-Unit Value-Add Apartment Community PHOENIX,  Arizona – David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented an entity formed by Phoenix-based Clear Sky Capital, LLC in the sale of Tatum Place, located at 16801 N. 49th Street in Scottsdale, Ariz. Tatum Investment Partners,...
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