SCOTTSDALE, Ariz.  – LevRose CRE/TCN Worldwide brokers facilitated deals in 2Q 2022 totaling $87.5 million and ±780, 833 SF. Retail and office assets dominated the transactions. Highlights from 2Q 2022:

• Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the tenant, Neon Logistics LLC., in the leasing of a 29,015 SF office building at 6900 E. Camelback Road, Scottsdale. Neon Logistics will occupy the seventh and 11th floors. The landlord is WCCP 6900 Camelback LLC.
• Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the seller, Bradley Investments LLC., in the $6 million sale of a 16,600 SF office building at 13847 N. Northsight Blvd., Scottsdale. The buyer was Salt Castle Trust.
• Partners Danielle Davis and Trent McCullough; Vice President Mark Cassell; and Advisors Branden Mondragon and Matt Beeks represented the seller, Scottsdale Drinkwater Trust, in the $5.3 million sale of a 6,582 SF retail building at 4250 N. Drinkwater Blvd., Scottsdale. The buyer was Drinkwater Commercial Investments LLC.
• Partners Danielle Davis and Trent McCullough and Advisor Branden Mondragon represented the landlord, Hudye Group, in the $4.9 million sale of an 11,160 SF retail building at 4333 N. Scottsdale Road, Scottsdale. The buyer was Galleria Triangle LLC.
• Partners Danielle Davis and Trent McCullough and Advisor Branden Mondragon represented both the seller, Fassco Investments LLC, and the buyer, Chestnut Realty Group LLC., in the $4.5 million sale of a 17,500 SF retail building at 6961 E. 1st St., Scottsdale.

Real Estate Veteran Relocates from Albuquerque to Colliers Arizona

PHOENIX, ARIZONA – Gannon Coffman has joined the Medical Office and Bio Life Sciences real estate group at Colliers in Arizona. The seasoned real estate professional has relocated from Albuquerque to advance his career.

“Gannon brings eight years of real estate development and brokerage experience to this position,” says Bob Mulhern, senior managing director of Colliers in Arizona. “His diverse experience in both commercial real estate and medical product sales creates a unique level of knowledge for his role in the medical office and bio life sciences real estate industry.”

Coffman will serve as Associate Vice President at Colliers, handling leasing and sales of medical office and bio life sciences real estate. He represents both landlords and tenants serving their real estate needs. Coffman will work with Phil Wurth, CCIM, who is an Executive Vice President with Colliers in Arizona.

Prior to Colliers, Coffman served as Director of Development for Allen Sigmon Real Estate Group in Albuquerque. In that role, he was responsible for overseeing and directing development projects from inception to completion, including evaluation and structuring private investor capital requirements, GP capital, debt and mezzanine financing. This entailed office, industrial, STNL and mixed-use retail assets. He also served as Broker & Partner for Pegasus Retail Group & Unisus Development in Albuquerque. Coffman’s eight years in real estate brokerage and development followed 10 years of medical device sales for Integrated Medical Systems (IMS) and Biomet Spine and Biomet Trauma in Albuquerque.

Coffman holds a Masters in Real Estate Development (MRED) from University of Arizona and a BA in Communications, Spanish & Business from University of New Mexico. He is a member of NAIOP

Commercial Real Estate Development Association, International Council of Shopping Centers (ICSC), and is pursuing his CCIM designation.

MARANA, ARIZONA: The Dollar General at 12355 North Trico Road in Marana sold as an investment for $1.955 million ($218 PSF) to an Oregon investor, Tumalo Farms I, LLC, Kris Olsen, manager.

The property sold at a 5.6% cap rate.

The 8,980 square foot discount store was built in 2014 on an acre of land is located at the southwest corner of Trico and El Tiro Roads in northern Marana.

Chris Lind and Mark Ruble with Marcus & Millichap (Phoenix) represented the Canadian seller, Mr. & Mrs. Tawfik & Lucy Nakhleh members of Falesca Properties, LLC, Burnaby British Columbia.

For more information,  Lind and Ruble can be reached at 602.687.6780.

To learn more, see RED Comp #9909.