NAI Horizon negotiates $4.15M land sale of Phoenix property that will house 135,000 SF flex building
PHOENIX, ARIZ. – NAI Horizon Senior Vice President Rick Foss represented the seller in the $4.15 million sale of 9.6 acres on which the buyer plans to construct a 135,000-square-foot office/showroom/warehouse building on the site.
NAI Horizon represented the Thomas and Olivia DuVall Trust of Phoenix in the land sale at 5824 S. 38th St., in Phoenix. The property was in escrow for almost a year while the buyer/developer rezoned it from S-1 to a Commerce Park/General Commerce Park (CP/GCP) option. The buyer/developer will construct the building for its tenant.
“This location is one of the last remaining large, undeveloped infill parcels in the Central Phoenix, Sky Harbor or North Tempe submarkets,” Foss said. “The sale price establishes a high-sale comp for infill land.”
The buyer, Bondar Holdings, LLC, an Arizona limited liability company, was represented by Ton Bagneschi of Insight Land and Investment.
Tony Elliott Promoted to Vice President of Media and Information Technology For Velocity Retail Group
Tony Elliott
Phoenix, Arizona — Tony Elliott has been promoted to Vice President of Media and Information Technology for Velocity Retail Group. As an 18-year member of the organization Tony’s position has evolved while assuming responsibility for the implementation of an expanded marketing and social media program as well as a formalized performance coaching program for all members within the company. On a national scale, his talents in media creation will be utilized within X Team Retail Advisors, to provide increased national services offerings for the 40+ member offices.
“We are excited to have Tony focus on utilizing his creative gifts in videography, photography and graphic design to bring our marketing program to a higher level,” said Dave Cheatham President of Velocity Retail Group, and President of X Team Retail Advisors. “Tony has many gifts that have helped catapult our branding and identity. From a technology perspective, his programming skills are continually utilized as our internal efficiencies receive improvements and upgrades in the moment to serve the needs of our clients,” he added.
Tony has a unique and varied background in I.T., programming, media, and team coaching. This expanded role will bring these talents and skills together to achieve the goals set by the organization for the next several years.
MC Companies hit bullseye with their most recent Tucson multi-family development
The Place at Riverwalk, 3510 N Craycroft Rd,, Tucson
TUCSON, Arizona — When MC Companies purchased the land on the corner of Craycroft and River for their newest development, The Place at Riverwalk, they knew the location was special. After two years of great success and winning the Best Community Design Award at the2020 AMA Tribute Awards, their expectations have been validated.
Ross and Patty McCallister, two of the company’s Principals and community leaders in the city of Tucson, saw Riverwalk as a labor of love. They worked tirelessly to ensure the community was not just another apartment community but one the city could be proud of, offering new technology, healthy living and stunning architecture.
Residents continue to be delighted by the health and wellness features that were must haves for Patty McCallister, which include a smokeless community, on site yoga classes and healthy activities utilizing beautiful outdoor spaces.
“We knew we had a special location and really wanted to give our customers the absolute best product with the best amenities, and I believe we delivered on those ambitions” says Patty McCallister.
The McCallister’s also wanted to integrate their passion for giving and included a Ben’s Bells Giving Tree in the community design. Nearly every MC Companies employee in the Tucson and Phoenix market participated in making the handmade tiles and constructing the giving tree located poolside for all to enjoy.
The Place at Riverwalk’s prime location has been a key element of their success. Walkability is one of the community’s greatest assets with access to highly sought-after shopping, education and dining. The community also has direct access to the Tucson Loop, which is a central piece of the project’s health and wellness initiatives.
“Winning Best Community Design was a massive accomplishment and we are very proud of that, and seeing the surrounding neighborhood flourish alongside this community makes it worthwhile work” says Ross McCallister. The Place at Riverwalk continues to exceed expectations in every way, and winning the 2020 Best Community Design award is affirmation that MC Companies hit the bullseye with their most recent multi-family development.
About MC Companies: MC Companies https://www.mccompanies.com is a real estate investment, development, construction, and management company specializing in the multifamily properties and commercial markets. MC Companies has completed over $750 million in multi-family and commercial value-added transactions since 1985.
PHOENIX, ARIZ. – NAI Horizon Senior Vice President Rick Foss represented the seller in the $4.15 million sale of 9.6 acres on which the buyer plans to construct a 135,000-square-foot office/showroom/warehouse building on the site.
