Phoenix, AZ Sperry Van Ness is reporting an unbelievable year for its Phoenix office. You would think with any holiday in the picture, especially at the end of the year, the business would slow down. That is not the case for SVN. The final transactions in December were finalized through collaborative efforts by the Retail, Office and Multifamily teams and totaled over $4.5 million in closed deals to end the year.
Michael Gustafson has sold 18,585 square-feet to Pete Coury with Jabbel Holdings, LLC for $2,565,555. The retail property is located at 2737 W. Thunderbird Rd. The Best Buy shops are well-known for its location that sits right off the I-17 freeway and Thunderbird Rd. The buyer was represented by the SVN Office in Phoenix. Sheila Hunter with First American Title handled the sale transaction.
Justin Horwitz and Jonathan Levy has sold 6,748 square-feet to James Rizzo in the amount of $510,000. The office property sale consisted of 3 office suites located at 17437 N. 71st Drive in the Arrowhead Tech Center building. The seller, Michael McConnell with the Michael P McConnell/Jeri-Lynne Jones Trust was represented by Horwitz and Levy from the SVN Phoenix office. Kristin Guadagno with Lawyers Title National Commercial Services handled the sale transaction.
Multifamily advisor, Carrick Sears has sold multiple units at La Mirada Condos for a total amount of $290,000. The property is located at 1350 E. Northern Ave. in Phoenix. Eleven units were sold to one buyer, Kari Sorboro Trustee of the Kari Sorboro Living Trust.
Danny Lee, Partner and Vice-President has sold two properties for a total of $380,000. The property locations are located off 28th Drive, just north of Camelback Rd. The buyers, Eric Guina with Guina Ahorros, LLC have been Lee’s long-time investors over the years. Thomas Title & Escrow handled both of these transactions.