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Scottsdale Medical Practice Signs 10+ year Lease at the Chauncey Building

Scottsdale Medical Practice Signs 10+ year Lease at the Chauncey Building

Desert Center of Allergy and Chest Diseases Consolidating Two Offices

Phoenix, Arizona – Desert Center of Allergy and Chest Diseases has signed a lease for 127 months of occupancy at the Chauncey Building, 6970 E. Chauncey Ln. in Scottsdale.  The medical practice has leased 22,080-square-feet and will consolidate two offices in this one location to provide patients with more extensive services.

“We are experiencing a trend with medical practices consolidating in the market,” says Philip Wurth, CCIM, executive vice president with Colliers International in Greater Phoenix.  “Providers are wanting to expand services and find that a single location better enables them to serve patients in this way.”

Wurth represented landlord Talia Jevan Properties, Inc. of Vancouver in the lease negotiations.  The medical practice was represented by Alexandra Loye of Avison Young in Phoenix.

Desert Center of Allergy and Chest Diseases offers a comprehensive pulmonary medical practice, as well as allergy, immunology and sleep medicine.  This is a very prestigious medical practice to have as a tenant.  Talia Jevan Properties would like to expand on this tenancy by attracting more medical-use businesses.

“We proudly welcome Dr. Finberg, his partners and all of their valued patients to the Chauncey Building,” states Mr. Harmel S. Rayat, president of Talia Jevan Properties.

“As a family business, we strive to provide the best service possible, which comes in many forms. Whether it be landscaping and luxurious lobbies that rival any 5-star resort and impeccably maintained bathrooms and hallways to always having someone available to assist when needed, we work hard to provide the best experience possible for our tenants and their clients.”

Mr. Rayat concludes, “In stark contrast to most landlords who place a high priority on generating the highest investment returns, our #1 priority is to build long-term relationships with our tenants based on integrity, trust and transparency. In the long term, everyone benefits!”

The Chauncey Building is located close to Honor Health Scottsdale Thompson Peak Medical Center and Abrazo Hospital Scottsdale Campus.  The tenant was attracted to this proximity and the building’s easy access to the Loop 101 and the surrounding retail amenities.




Phoenix Lease Report May 22-26, 2017

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from May 22 thru May 26, 2017.

OFFICE – 2555 E CAMELBACK RD., PHOENIX
Tyler Smith of NAI Horizon represented the tenant, Landmark Title Assurance Agency of Arizona, LLC, in a 78-month office lease for 5,105-square-feet at 2555 E. Camelback Road, Phoenix, AZ. Patrick Boyle of CBRE represented the landlord, Esplanade Owner L.P.

OFFICE – 1626 N LITCHFIELD RD., GOODYEAR
Tyler Smith of NAI Horizon represented the landlord, Pacifica Palm Valley Center, L.P., in a 63-month office lease for 5,473-square-feet at 1626 N. Litchfield Road, Goodyear, AZ. Jason Moore of JLL represented the tenant, Jensen Hughes, Inc.

RETAIL – 1981 N PEBBLE CREEK PKWY, GOODYEAR
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the landlord, The Market at Estrella Falls, LLC, in a 120-month retail lease for 2,500-square-feet at 1981 N. Pebble Creek Pkwy, Goodyear, AZ. Rich Andrus of Menlo Group Commercial Real Estate represented the tenant, ProSmiles Orthodontics, PLLC.

RETAIL – 21545 S ELLSWORTH LOOP RD., QUEEN CREEK
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the landlord, Queen Creek Fiesta, LLC, in a 60-month retail lease for 1,950-square-feet at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ.

OFFICE – 5422 W THUNDERBIRD RD., GLENDALE
Sharon Reeves of NAI Horizon represented the tenant, Renew Sleep Solutions, Inc., in a 63-month office-medical lease for 2,309-square-feet at 5422 W. Thunderbird Rd., Glendale, AZ. Michelle Rae of Healthcare Management of America represented the landlord, HTA-Thunderbird Medical, LLC.

RETAIL – 1800 E APACHE BLVD., TEMPE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the landlord, The Irving O. and Esther S. Kozinets Revocable Trust, in a 62-month retail lease for 1,400-square-feet at 1800 E. Apache Blvd., Tempe, AZ.

OFFICE – 1700 E THOMAS RD., PHOENIX
Laurel Lewis of NAI Horizon represented the tenant, Crossroads, Inc., in a 39-month office lease for 6,200-square-feet at 1700 E. Thomas Road, Phoenix, AZ. Alexandra Loye of Avison Young represented the landlord, B&B Thomas Road Properties, LLC.

INDUSTRIAL – 1155 W 23RD ST., TEMPE
Jeff Adams of NAI Horizon represented the tenant, Solar Traffic Controls, LLC, in a 37.5-month industrial lease for 4,800-square-feet at 1155 W. 23rd St., Tempe, AZ. Rod Crotty & Franklin Connell of Cutler Commercial represented the landlord, (Gary) Zimmerman Properties, LLC.

INDUSTRIAL – 407 S 107TH AVE., TOLLESON
Jeff Adams of NAI Horizon represented the tenant, Schetky Northwest Sales, Inc., in a 37-month industrial lease for 4,853-square-feet at 407 S. 107th Ave., Tolleson, AZ. John Cohn of CBRE represented the landlord, EJM Oxnard Commerceplex, LLC.




GPE Commercial Advisors Awarded Leasing of The Mahoney Group Professional Building

Mahoney Building
The Mahoney Professional Building, 2033 N 19th Ave., Phoenix, AZ

First new office product delivered in Deer Valley Airport Submarket in six years

PHOENIX, AZ – Phoenix-based GPE Commercial Advisors has been awarded the leasing assignment for The Mahoney Group Professional Building, a new Class A, 46,942-square-foot professional building that will be available to office and healthcare tenants. The development marks the first new multi-tenant office building delivered in the Deer Valley Airport submarket since 2009.

Located at 20333 N. 19th Ave., The Mahoney Group Professional Building sits at the northeast corner of 19th Avenue and Beardsley Avenue, just 1.5 miles east of I-17. The building can be seen directly to the north of the Loop 101 freeway.

Recognized as Arizona’s largest independent insurance agency, The Mahoney Group built the property as an owner/user and now occupies 15,000 square feet on the second floor, which it uses as one of eight Arizona locations. Across the Western U.S., The Mahoney Group operates 13 locations from Washington to Southern California, and employs more than 260 individuals managing programs including habitational, tribal, condominiums, mini storage and homeowners associations.

“After years of leasing across the street, we developed this property as a long-term strategic location that offered excellent visibility and branding for our northwest Phoenix office. We believe this area is growing and has a lot to offer any professional company,” said Glen Nelson, CEO of The Mahoney Professional Group. “We are extremely pleased to see our vision come to life and look forward to creating synergy in the building with other professional tenants looking for a new, Class A building with great parking and signage.”

Availability at the building includes 23,053 contiguous square feet on the first floor and 1,805 to 5,194 contiguous square feet on second floor. The project is being marketed to office and healthcare tenants. OrthoArizona signed a lease for 3,043 SF on the second floor in December 2015.

“The success of The Mahoney Group Professional Building demonstrates that spec construction in strategic locations has made a come back following the downturn.” said GPE Commercial Advisors Senior Vice President Alexandra Loye, who represents the project along with Senior Vice President Bret Isbell and Executive Vice President Julie A. Johnson, CCIM. “It’s an indicator that the market is recovering and there is demand for new construction to meet the needs of progressive tenants. We have had a tremendous amount of leasing activity. We are excited to welcome OrthoArizona to the building.”

Additional features of The Mahoney Group Professional Building include 14 foot ceiling height, four sides of glass, building signage that is visible from the Loop 101 and a comparatively high parking ratio of 6.2/1,000, to accommodate modern users looking to maximize the efficiency of their space.

“The Mahoney Group, as the developer, did an excellent job of constructing a project that offers unique modern style with an upgraded building exterior and common area interior finishes. They have truly differentiated themselves in the market,” said Loye.

For leasing information on The Mahoney Group Professional Building, contact Loye and her team at (480) 423-7922 or (480) 994-8155.