TUCSON, ARIZONA – COMSovereign sold its building at 5120 South Julian Drive to investors in a sale leaseback for $15.8 Million ($113 PSF). The 140,000-square-foot building was purchased by AZCOMS, an affiliate of COMSovereign in January 2021.

The Tucson production facility advances the Company’s “Made in America” commitment, and is located on 12.7 acres in Tucson.. The Tucson facility serves as the Company’s principal manufacturing site for the majority of its products.

Based in Dallas, COMSovereign has assembled a portfolio of communications technology companies whose combined capabilities enable connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a US-based pure-play communications provider, ready and able to provide LTE Advanced and 5G-NR telecom solutions.

The Company has also made improvements and retrofits worth more than $1.5 million to the Tucson facility and installed production assembly lines required to commence initial manufacturing for its InduraPower and Drone Aviation business units. Production of the Company’s 4G LTE Advanced and 5G radios and electronics products. DragonWave-X’s current generation of Harmony Enhanced and Multi-Channel (MC) model radios for mobile network backhaul infrastructure continues to be produced and is being ramped up by Benchmark Electronics, Inc. (NYSE: BHE) under an expanded production agreement announced last year in September.

Steve Cohen with Cushman & Wakefield | PICOR represented the affiliate AZCOMS, in the purchase of the facility as well as in the sale leaseback. Jesse Blum also with Cushman & Wakefiled | PICOR represented the buyer / landlord, Schnitzer Properties of Portland, Oregon in the transaction.

For more information, Cohen can be reached at 520.546.2750 and Blum contacted at 520.546.2772.

To learn more, see RED Comp #9588.

PHOENIX, ARIZONA — CBRE has completed the $18.2 million sale of The Brookstone, a two-building office and medical campus in the heart of Midtown Phoenix to a San Diego-based investor.

CBRE’s Geoffrey Turbow, Gary Cornish, Matt Pourcho, Anthony DeLorenzo and Bryan Johnson represented the seller in the transaction.

The two buildings, located at 340 E Palm Lane and 2025 N 3^rd St., are comprised of 63,128 square feet and 63,378 square feet, respectively. The Brookstone features courtyards, koi ponds, balconies, common areas and multi-tenant suites. The property has had an average 89 percent occupancy over the past five years, including such tenants as Honor Health, Signature Dental Partners, Alzheimer’s Association and The Florence Immigration and Refugee Rights Project.

“The Brookstone is an exceptional property that drew significant buyer demand within a few weeks of marketing,” said Turbow. “The majority of the interest came from Southern California, including the buyer, a San Diego-based 1031 exchange investor who bested five other bidders. This buyer went non-refundable upon the opening of escrow.”

Added Pourcho, “We continue to witness an influx of money from California into Phoenix, particularly from high-net-worth 1031-exchange buyers. The Brookstone was a one-of-a-kind opportunity to acquire a premier value-add office with exceptional short- and long-term upside.”

The Brookstone’s central location in the Los Olivos Historic District provides tenants access to the Central Business District, hotels, museums, theaters, and restaurants. The property is also in proximity to Sky Harbor International Airport, Downtown Phoenix, Footprint Arena and Chase Field.

Phoenix office leasing activity for the 4^th Quarter 2021 was up as evidenced by the metro’s overall 314,247 square feet of positive net absorption and more specifically suburban positive net absorption of 472,797 square feet, according to CBRE research.

PHOENIX, ARIZONA – Cawley Architects is celebrating its next company milestone, elevating co-founder Paul Devers to President. In January 2021, it announced the formation of a new in-house creative interior design service; in 2019 Cawley Architects celebrated its 25th anniversary naming four new partners.

Devers will be responsible for the firm’s day-to-day architectural, administrative, and corporate activities. Sherman Cawley, AIA, SIOR, Founder of Cawley Architects, will continue to be actively involved, working primarily on marketing, sales, and the firm’s transition plan.

“I am proud to announce the company has elevated my esteemed partner and long-time architect, Paul Devers, to be the President of Cawley Architects,” Cawley said.

Cawley founded the firm in 1991 as a sole proprietor. Devers joined him as a corporate business partner in 2000.

“During the past 20 years, we both have guided the firm to its present status as one of the premier architectural offices in the Valley,” Cawley said. “Over that time, Paul and I have grown the company from a small firm of only a few staff to today’s firm of 28 members and a very bright future.”

Devers possesses a wealth of business acumen, as well as design and leadership skills. As the Principal in charge of design, Devers has been actively involved with management and development of the creative process and signature of the firm.

“I’m looking forward to a new role of providing leadership to continue the growth of the firm and to manage a smooth transition in leadership,” Devers said.

During his 43-year career, Devers has provided architectural services for more than 300 building projects comprising millions of square feet. These projects include office, retail, industrial, banking, corporate, hospitality, medical, education, and high technology industries.

Most recently, he designed and managed the 100,000 SF O’Dell Center, Faith Arena and recreational facility for Ottawa University on its City of Surprise campus. During the fast-tracked project, Devers was singled out by the university president as having been “super responsive, creative, and a terrific listener.”

In addition, his recent Adelante Healthcare project in Goodyear was a multiple

award winner at this year’s Masonry Guild Awards ceremony.

“As part of our recent growth, Paul and I and the Executive Team have also embarked on planning a transition that includes assembling the company’s leadership for the next generation,” Cawley said. “Paul taking over as president is the first in several steps to ensure the company’s future and position it for a rewarding and successful 25 additional years.”

In 2019, Cawley Architects invited four additional key staff on board as partners who represent the next generation of design and corporate leadership. The partners were also given new corporate responsibilities and have embraced them to ensure continuity and a high level of service.

Cawley’s four partners named in 2019 are Lynette Dreitz, Director of Finance and Administration; Kevin Fawcett and David Fulk, Project Directors; and Rafael Macias, Director of Construction Administration and Quality Assurance.

In January, Cawley Architects launched Cawley Design Studio, promoting RoseAnn Linsmeyer to Interior Designer, NCIDQ.

Devers earned a Bachelor of Architecture Design from Texas Tech University in Lubbock, Texas. Away from the office, Devers and his wife enjoy traveling and spending time with family.

PHOTO: Sherman Cawley and Paul Devers