PHOENIX, ARIZONA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Fillmore Arms, a 41-unit apartment property located in Phoenix, Arizona.

The asset sold for $7.9 million ($192,683 per unit).

“Located one mile north of Phoenix Sky Harbor Airport and less than a mile south of the 202-Loop East Freeway, Fillmore Arms provides residents access to a wide range of employment opportunities,” shared Paul Bay, first vice president investments in Marcus & Millichap’s Phoenix office. “The Buyer, a California-based firm, will have the opportunity to renovate unit interiors to capitalize on notable premiums already proven in the submarket. Seller was Andre Golnazarian, a Scottsdale-based private investor.”

Bay and Darrell Moffitt, senior vice president investments in the firm’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, another private investor, was procured by Bay and Moffitt. Fillmore Arms is located at 3044 East Fillmore Street in Phoenix, Arizona.

Phoenix, Arizona  – CBRE announced the hiring of Spencer Nast as Vice President to join its market-leading office leasing division in Phoenix. He will be partnering with Bryan Taute and Charlie von Arentschildt.

“CBRE is focused on responding to the rapidly evolving office market by hiring the most talented people in the market,” said Phoenix-based Senior Managing Director Paul Komadina. “We were drawn to Spencer’s data-driven approach to help investors make sound decisions. Spencer is a thoughtful and creative professional with a proven track record of providing market-leading leasing and sale guidance for the benefit of his clients. We are thrilled to welcome one of the brightest stars in the market to CBRE.”

Mr. Nast joins CBRE from Lee & Associates.

With more than eight years of experience, Mr. Nast, is among the fastest-rising professionals in the industry. After graduating from Arizona State University, he joined Lee & Associates in 2014 working with the firm’s office sales and leasing team. While at Lee & Associates, Mr. Nast specialized in the representation of landlords and tenants in the Metropolitan Phoenix market. He was the firm’s youngest principal at the Phoenix office.

TUCSON, ARIZONA — Highlighted this week is a 60,000 square foot industrial lease in Tucson at 6760 S Lisa Frank Ave. to Ralph’s Moving and Storage that was handled by Robert C. Glaser, SIOR, CCIM, and Paul Hooker, SIOR of Cushman & Wakefield | PICOR;  with Mark Irvin of Mark Irvin Commercial Real Estate Services representing the tenant.

The following leases were submitted to the Real Estate Daily News from May 30 – June 3, 2022.

INDUSTRIAL – 6760 S. LISA FRANK AVE., TUCSON 85756, South
Ralph’s Transfer, Inc., dba Ralph’s Moving and Storage, leased 60,000 square feet of industrial space, located at 6760 S. Lisa Frank Ave. in Tucson, from Greenbean Investments LLC. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, SIOR; Principals, and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Mark Irvin, with Mark Irvin Commercial Real Estate Services, LLC, represented the tenant.

OFFICE – 205 W. GIACONDA WAY, TUCSON 85704, Northwest
Assure Healthcare Group of Arizona, LLC leased 3,886 square feet of office space from Giaconda 205 Partners, LLC, located in Giaconda East, 205 W. Giaconda Way, Suite 145 in Tucson. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction. Esther Empens, with Tierra Antigua Realty, represented the tenant.

RETAIL – 6960 E. 22^nd ST., TUCSON  85710, East 
Starbucks Corporation leased 2,400 square feet of retail space at Eastpoint Marketplace, 6960 E. 22nd St. in Tucson, from 22 Lattes, LLC & 8195 N. Oracle Rd, LLC. Greg Furrier, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W. PRINCE ED., TUCSON  85705, Central
Rapid Restoration and Construction LLC leased 1,200 square feet of industrial space at Exchange Place Business Center, 1870 W. Prince Rd., Suite 55 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 2990 N. CAMPBELL AVE., TUCSON 85719, Central 
Ni Hao Tea leased 1,038 square feet of retail space at Campbell Plaza, 2990 N. Campbell Ave., Suite 110 in Tucson, from Panda Express, INC. Greg Furrier, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Jesse Peron with CBRE, Tucson, represented the landlord.

OFFICE – 1955 W. GRANT RD., TUCSON 85745, West 
Advanced Recovery Specialists leased 835 square feet of office space from WestGrant Investors, LLC., located in West Grant Centre, 1955 W. Grant Rd., Suite 149 in Tucson. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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