PHOENIX, ARIZONA – Paul Johnson Drywall, Inc. (PJD) has appointed Chad Lewis chief financial officer (CFO), the firm’s top financial position.

As the firm’s new CFO, Lewis will be responsible for overseeing the firm’s financial operations as well as assisting on business and leadership matters. His leadership extends beyond the traditional CFO role, whereby he will serve as an advisor and strategic partner, playing a key role in PJD’s continued national expansion.

“Chad’s comprehensive knowledge and skillset in finance, strategic initiatives, and M&A make him a valuable addition to our team as PJD continues to develop and implement our national expansion,” said Cole Johnson, president of PJD. “We’re fortunate to have his expertise helping to guide the development and execution of our growth strategy. His experience in this realm will be beneficial to perpetuating PJD’s growth and elevating our success.”

Lewis has been a leader in the finance industry for over 15 years and has extensive experience driving growth and performance improvement initiatives at several building product companies. Prior to joining PJD, he was managing director at Hudson Advisors where he served on the respective boards and worked alongside senior executives to identify and drive initiatives across several portfolio companies including, Forterra Inc., Meridian Brick, and Foundation Building Materials, among others. In addition, Lewis was responsible for helping identify, negotiate, execute, and integrate nearly 40 add-on acquisitions across these investments.

“I look forward to partnering with the team at this exciting time of growth for PJD,” said Lewis. “I’ve had the privilege of being involved with numerous expansions and working in this sector is particularly rewarding. It’s great to be joining PJD at this early stage of the company’s ambitious growth plan.”

Phoenix Commercial Advisors sells Paloma Village Center in Tucson

Tucson, Ariz.– Phoenix Commercial Advisors facilitated the sale of Paloma Village Center, a high-profile, daily needs retail center in Catalina Foothills. The property, located on 4.49 acres on the southeast corner of Campbell Avenue and Skyline Drive in Tucson, Ariz., sold for a total of $18,400,000 ($480 PSF).

The 38,347-square-foot center was 94 percent leased with a mix of internet-resistant tenants, including Starbucks, CVS Pharmacy, Fleming’s Steakhouse, and more. Chad Tiedeman and Danny Gardiner at Phoenix Commercial Advisors represented the seller in the transaction.

“Right across from the La Encantada, this property is centered in a high-traffic retail corridor. Along with the location, the surrounding neighborhood, Catalina Foothills, provides the property with one of the most affluent consumer trade areas in the state, which helped attract the buyer. It was pleasure to work with this seller.” – Chad Tiedeman

Scottsdale, AZ – Arriba Capital announces that it recently closed a $40,500,000 ground–up construction loan for two adjacent hotel properties in Woodland, CA. The 3–year loan was sized to 80% LTC. The properties located in a prominent redevelopment area of Woodland are in close proximity to I–5, numerous distribution centers, and 10 miles west of Sacramento International Airport.

The Home2 Suites by Hilton will be a 4–story, 95–room, extended stay offering while the Courtyard by Marriott will be 5–stories, 109 rooms, and select service.

Ryan Bosch, Hospitality Debt & Structured Finance at Arriba stated, “The sponsorship are experienced hotel developers, owners, and operators with a deep track record in Northern California. Getting to eighty percent leverage in today’s challenging capital markets environment is a testament to the strength of the project, sponsorship, and execution by the team here at Arriba. Looking forward to these projects successfully competing against the outdated competitors in the region.”

Arriba Capital (http://www.arribacapital.com/) is a Scottsdale, AZ–based real estate investment banking firm that specializes in arranging structured finance for acquisition, construction and permanent loans, interim and mezzanine financing as well as joint–venture equity transactions. The company is recognized for its expertise in hospitably debt & structured finance while providing capital for all product types including hospitality, retail, office, industrial, and multifamily properties