Avondale, AZ – Sandra Griggs has been a commercial real estate broker for over 30 years. Ms. Griggs has worked extensively with owners of new, planned, to-be-renovated and existing properties, parks and land—designing and implementing creative marketing programs to maximize the value of the real estate, secure the highest possible purchase price and/or rental rates and solve disposition/excess space challenges. She has been the exclusive marketing director for numerous properties and land parcels, including: a planned, 1.2-million-square-feet, 132-acre mixed-use project on a former landfill (where she leased the first speculative 105,000-square-foot office building and sold a parcel to an office user for its corporate headquarters, then sold the entire project to a developer for $38 million); a 14-acre land parcel (sold to a retail developer); a 56-acre land parcel (sold to an investor); a 70,000-square-foot manufacturing facility (sold to Lennar for a townhome development); a vacant Safeway retail store (sold to a developer in conjunction with a change of usage to a technical school); a down-zoned, rail-served lumber retail store (subleased to a retail user in conjunction with the user’s purchase of the property three years later); leasing of a 250,000-square-foot Class A office building owned by John Hancock Mutual Life; and leasing of several CBD and suburban office buildings and exclusive leasing agent for over 2-million- square-feet of shopping center and retail strip center space.
In the realm of investment sales, Ms. Griggs has sold leased CBD and suburban office, retail, industrial and life sciences investment properties — including a 150,000-square-foot, 3-building industrial park and a 102,000-square-foot trophy life sciences headquarters property. Additionally, Ms. Griggs has done extensive corporate services and tenant representation work, including: team leader for 3-1/2 years for AT&T’s multi-state disposition requirements; build-to-suit and site search work for United Airlines’ credit union; exclusive representation for Walgreen’s Patelco Credit Union in its branch office and headquarters requirements; site selection for various firms, including Hewlett Packard, Aldi and Kiddie Academy Daycare; account manager for United Airlines’ requirements, including negotiating its renewal lease on its 40,000-square-foot reservations center; a $25 million sale/leaseback for deCODE Genetics; representing Morrison-Knudsen in its 140,000-square-foot office relocation requirement; and representing various smaller “users” and professionals, including two physician groups, two dozen dentists, and numerous franchisees in their real estate purchase and/or leasing requirements.
Before joining Phoenix West Commercial, LLC, Ms. Griggs was Senior Director at GVA Chicago as well as Director, Midwest Region, for Alliance Real Estate. She also spent 6 years as Associate Vice President with The Galbreath Company/Norris, Beggs & Simpson (now JLL/Jones, Lang, LaSalle) and 12-years at Coldwell Banker/Coldwell Banker Commercial (now CB Richard Ellis)—where she attained the status of senior sales consultant, a designation given only to the upper 8% of the firm’s brokers nationally.
Ms. Griggs’ expertise includes acquisition and disposition of real estate; tenant representation and corporate advisory; property leasing/subleasing and sales; service delivery leadership; site selection; build-to-suit; mixed-use and business park marketing/sales; land sales and development; change of usage; investment sales; and financial and market analysis.