PHOENIX, ARIZONA – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, was named 2022 Large Chapter of the Year at the annual Chapter Merit Awards (CMAs).

NAIOP Arizona also won an award for a record Highest Number of New Members among the 52 chapters across the U.S. and Canada last year. NAIOP Arizona added more than 270 new members in 2021, a 13 percent increase. This advanced the Arizona Chapter to being fifth largest, up from seventh place, in the entire North America network.

NAIOP’s corporate headquarters honored 14 chapters and nine individuals. The CMAs recognize success in education, special events, legislative advocacy, membership, diversity/equity/inclusion, and leadership, as well as individual recognition and Chapter of the Year. Recipients are selected by a committee of their peers comprised of volunteer judges in an extremely competitive process.

The Chapter of the Year Award honors chapters for overall excellence throughout the year, including involvement with NAIOP Corporate, chapter growth, community service, organizational management, and more.

“We are grateful to our many long-term and new members who are the backbone of this association. Their active involvement and tireless volunteer efforts have enabled us to perform at exceptional levels across events, mentorship, education, and legislative advocacy,” said NAIOP Arizona President and CEO Suzanne Kinney. “Additionally, I am thankful for the valuable contributions from our Vice President, Katrina DeBaker; Administrative & Financial Manager, Lutfiyah Kusy, and our entire Board of Directors.”

NAIOP Arizona has won a national award 15 out of the past 16 years. Besides being named Large Chapter of the Year several times, the chapter has also won the Chapter Merit Awards in recent years for Education, Membership, Communications, and Government/Legislative Affairs.

“This year’s winners – NAIOP Arizona (Large Chapter) and NAIOP Raleigh Durham (Medium Chapter) of the Year – have truly raised the bar, demonstrating an unyielding dedication to providing value for NAIOP members at every level,” according to a statement from NAIOP corporate.

TUCSON, ARIZONA – Vast Commercial Real Estate Solutions (Vast), a commercial real estate and investment brokerage firm, brokered the sale of a retail shopping center at 1992 East Irvington Road, Tucson, AZ 85714. Located on the southeast corner of Campbell Avenue and Irvington Road, the 46,685-square-foot retail center sold for $7.1 million ($152 PSF) on February 7, 2022.

Centre Point Plaza is a well-trafficked center, anchored by Food City and surrounded by residential and commercial development.

Jon O’Shea of Vast represented the Seller, EJC Properties of Tucson, AZ. The Buyer, Center Point Plaza, LLC, was represented by Maha Odeh Arnold of Regal Properties, a San Diego-based real estate services company, providing professional brokerage and consulting services. Financing was provided by Wells Fargo.

Vast is a commercial real estate firm that specializes in investment and consulting services. Since its inception in 2008, the company has represented purchasers and sellers in over $100 million dollars of transactions, while having actively leased over 600,000-square-feet in Southern Arizona.

For more information, O’Shea should be reached at 520.343.5074.

Female-owned land consulting company closed on the 2,000-acre property with plans to rezone for industrial use

PHOENIX, ARIZONA –  Arizona Land Consulting, the Valley’s leading, female-owned land consulting firm, announced today the closing of a 2,000-acre property near the Buckeye airport for $40 million ($20,000 per acre).

The land was originally zoned for a master-planned community called Cipriani. However, Arizona Land Consulting CEO and founder, Anita Verma-Lallian and her group of investors have plans to rezone the property for industrial use, with the hopes of developing it into a business park.

Industrial zoned properties are typically much easier to develop. Arizona Land Consulting already has interest from potential buyers and is open to dividing the property into 400-500 acre parcels to sell as the size and location lists it as a high-demand property.

“It is difficult to find parcels of land that are a contiguous 50+ acres, making this a spectacular find,” said Verma-Lallian. “Not only was the serial acreage impressive but the location and city growth in itself made this particular property outstanding.”

The property is located next to the Buckeye airport in one of the fastest-growing cities in Arizona, strategically located off the I-10 freeway. A future off-ramp on the I-10 will lead right into the property located off Johnson Road and Yuma Road.

For more information about Arizona Land Consulting, please visit https://arizonalandconsulting.com/.