PHOENIX, ARIZONA  – The sale of 5.1 acres and an industrial building and sales of a retail building and 1.8 acres highlight recent transactions facilitated by NAI Horizon professionals.

Sale Transactions:

Michael Gaida negotiated the sale of 5.1 acres, including 18,000 SF of industrial buildings, representing the seller, DRA, LLC, for $2.4 million. The property is located at 32240 W. Bud Road, Maricopa, AZ 85138. The buyer, the City of Maricopa, was self-represented.

Matt Harper, CCIM, negotiated the sale of a 2,527 SF retail building, representing the seller, 9432 N. Cave Creek, LLC, for $410,000. The property is located at 9432 N. Cave Creek Road, Phoenix, AZ 85020. The buyer, Azhar & Dhia Sharmookh, LLC, was represented by Chris Mott with Lanier Real Estate.

Christopher Lewis negotiated the sale of 1.8 acres, representing the seller, AUM, LLC, for an undisclosed amount. The property is located at 2555 W. Louise Drive, Phoenix, AZ 85027. The buyer, Baker Development Corporation, was represented by Garret Goulding with Citywide.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the tenant, Landesberg Orora, in a 60-month industrial lease for 80,587 SF at 5120 W. Buckeye Road, Phoenix, AZ 85043. The landlord, Cohen Asset Mgmt., was represented by Don MacWilliam with Colliers.

Troy Giammarco and Joe Pequeno represented the tenant, Coach Pain Academy, in a 126-month retail lease for 4,000 SF at 3975 E. Williams Field Road, Gilbert, AZ 85295. The landlord, Verde-Gilbert, LLC, was represented by Scott Johnson-Founder with Real Companies.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Delias Cleaners of Arizona, Inc., in a 120-month retail lease for 2,132 SF at 3941 E. Chandler Blvd., Chandler, AZ 85048. The landlord, Lakeside Management, was represented by Bryan Ledbetter with Western Retail Advisors.

Joan Krueger represented the tenant, Advance Paper & Maintenance Supply Inc., in a 61-month retail lease for 6,725 SF at 1035 N. McQueen Road, Gilbert, AZ 85233. The landlord, Richard Sheinfeld Trust, was represented by Keli Jelinek with Commercial Properties, Inc.

Matt Harper, CCIM, and Sharon Reeves represented the landlord, 911 N. 4th St., LLC, in a 60-month retail lease, for 1,375 SF at 911 N. 4th St., Phoenix, AZ 85004. The tenant, Cameron 7, LLC, was self-represented.

Matt Harper, CCIM, represented the landlord, K.C. Investments Desert Retail, LLC, in a 62-month retail lease, for 1,520 SF at 777 E. Thunderbird Road, Phoenix, AZ 85022. The tenant, Foster & Kint, LLC, was represented by Cole Schillne with Orion Investment Real Estate.

Jay Mininberg represented the tenant, Welmade Technology Corporation, in a 36-month industrial lease for 3,999 SF at 1745 W. Deer Valley Road, Phoenix, AZ 85027. The landlord, Utopia 860 Ventures, LLC, was self-represented.

Chris Gerow, Shelby Tworek, Gabe Ortega represented the landlord, Queen Creek Fiesta, LLC & JW Duke Enterprises, LLC, in a 60-month retail lease for 1,105 SF at 44460 W. Edison Road, Maricopa, AZ 85138. The tenant, Art of Fades Barber Lounge, was self-represented.

Don Morrow and Dylan Whiter represented the tenant, Emblem Healthcare, Inc., in a 60-month office lease for 1,801 SF at 4801 S. Lakeshore Drive, Tempe, AZ 85282. The seller, Lucille Lourenco Fierreira Family Trust was represented by Kelli Jelinek with Commercial Properties.

Jeff Adams represented the tenant, Alpha Insulation & Waterproofing, in a 24-month industrial lease, for 6,313 SF at 4250 S. 38th St., Phoenix, AZ 85040. The landlord, Pegasus Airport Owner, LLC, was represented by David Bean & Cory Sposi with Commercial Properties, Inc.

Joe Pequeno and Troy Giammarco represented the tenant, SCBS, LLC, in a 40-month office lease, for 1,843 SF at 4440 N. 36th St., Phoenix, AZ 85018. The landlord, Kimco Realty, was represented by Christopher Byrd with Kimco Realty.

Don Morrow and Dylan Whitwer represented the tenant, Top Priority Messenger Services, Inc., in a 38-month office lease, for 818 SF at 2111 E. Broadway Road, Tempe, AZ 85282. The landlord, PCL Broadway, was represented by Brandon Payne with Venture REI.

Matt Harper, CCIM, and Tom Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease, for 276 SF at 12630 N. 103rd Ave., Sun City, AZ 85351. The tenant, Luna’s Multi Insurance Services, LLC, was self- represented.

TUCSON, ARIZONA –  Portillo’s new location will be located at Tucson’s El Con Center, the high-traffic retail center  located at E. Broadway Blvd and N. Dodge Blvd and home to major retailers including Target, Walmart, Home Depot and more.

El Con Por Tillos, a developer, purchased the former Claim Jumper restaurant at 3761 E Broadway for its entry into Tucson. The existing 15,000 square-foot restaurant will be razed for Portillo’s vintage diner theme, a 7,800 square-foot restaurant featuring a double drive-thru lane.

“To accommodate the incredible institutions that call the region home, such as the University of Arizona and Davis Monthan Air Force Base,” Portillo’s said in a press release.

The asset sold for $1.6 million, or $21.24 PSF,  for the 1.71-acre pad. The developer will then ground lease the restaurant to Portillo’s.

Known for its famous Chicago-style hot dogs, Italian beef sandwiches, chopped salad, cheese fries, homemade chocolate cake, and chocolate cake shake. Portillo’s Italian beef is slow roasted for four hours, thinly sliced, and served on freshly baked French bread. Then, it’s dipped in hot gravy made with a homemade blend of seasonings that has been perfecting for 50 years. Anyone from the Midwest already knows Portillo’s.

New to Portillo’s? Order the Italian beef, dipped with sweet or hot peppers (add mozzarella if you’re feeling cheesy), or a Chicago-style hot dog “dragged through the garden” and you’ll see what all the hype is about.

Carol Schillne with Orion Investment Real Estate of Scottsdale represented the buyer. The seller, K-Gam El Con (FC), LLC c/o Kivel Realty Investments of Tucson was self-represented.

For more information, Schillne should be reached at 480.634.6934.

To learn more, see RED Comp #9773.

PHOENIX, ARIZONA – SVN Dessert Commercial completed the sale of two office buildings consisting of ±38,000 SF, situated on 2.6 acres of land located off of Black Canyon Highway in Phoenix, AZ. The property located at 7103-7107 N Black Canyon Hwy, Phoenix, AZ 85021 was sold for $3.2M. The Seller consisted of a parent company located within the greater Cleveland, Ohio area. The Seller housed their western call center operations out of the buildings for nearly 35 years.

This property was a build to suit for the original owner (Seller) back in the ‘80s, Jonathan Levy and Anthony Ruiz represented the Seller in its first true sale of the subject property. This was a true value add opportunity for the buyer who plans to occupy the vacant South building after completing interior renovations. The North building is fully occupied by two tenants, one of which being, Neutron Industries the local subsidiary of the Seller, who currently occupies the first floor in the northern, 7107 building.

From the Seller, “SVN’s efforts throughout this listing and escrow process were extremely valuable. Jonathan and Anthony were very communicative with us, the buyer, and Title company. We appreciated their efforts in working towards a successful close of escrow.” Listed by other brokerages in the past, SVN was approached directly by the Seller given our other transactions and existing inventory in the area.

With multiple competing offers prior to acceptance, “Anthony and I were thrilled to have closed this escrow on behalf of our Seller. Our marketing efforts and persistence throughout this listing period, along with the escrow, paid major dividends. The buyer was excited to begin the next chapter of not only his business but his commercial real estate career as well. We took some additional pressure off our Seller’s hands as the parent company, who isn’t local, cashed out on their only commercial asset in Arizona”, stated Jonathan Levy.