Mary Ridberg and Rommie Mojahed of Sperry Van Ness in Phoenix represented the seller, Jorde Hacienda Inc. in the $1.7 million ($11 PSF) sale of a 152,460-square-foot PAD at Higley Village. Higley Village is located at the SEC of Higley Road and Queen Creek Road in Gilbert. The buyer was ARJ Properties LLC.

Trenton McCullough and Shari A. Tucker of Sperry Van Ness in Phoenix represented the buyer, Casa Mirage Properties, LLC in the $3.07 million ($152.50 PSF) purchase of a 20,130-square-feet multi-tenant retail building located at 13915 N. Dysart Road in El Mirage. The seller was El Mirage Partners, LLC and was represented by Cam Stanton and Andrew Fosberg of CBRE in Phoenix.

Built in 2005, Rancho El Mirage Plaza consists of two buildings at the northeast corner of Dysart and Thunderbird Roads. The retail center benefits from proximity to a Walmart Supercenter. The property, which was ±94.7 percent occupied at time of sale, offers a complimentary mix of tenants, including an Anytime Fitness and Little Smiles Dentistry.

The Sperry Van Ness agents should be reached at 480.425.5500. Stanton and Fosberg at CBRE can be contacted at 602.735.5555

Phoenix, Ariz. – CBRE has completed the sale of two office condominiums at the Fairways at Superstition Springs Village located at 2500 S. Power Rd. in Mesa, Ariz. The units, which totaled 8,100-square-feet, commanded a sale price of $955,000 ($118 PSF).

Andrew Fosberg with CBRE’s Phoenix office negotiated the sale on behalf of the seller, Diego Rodriguez of Coral Gables, Fla. The buyer was Gilbert, Ariz.-based La Familia Management and was represented by Bob Winegar and Lance Richards with Pierpont Realty Group of Mesa.

The property is one of 20 free-standing office buildings at the Fairways at Superstition Springs. Fully leased at time of sale, the building’s tenant mix includes Wells Fargo Advisors; American Family Insurance; Goodale Law Firm, a locally owned divorce and family law practice; and Dahn Yoga & Health Centers, Inc., a national leader in health and wellness.

The Fairways at Superstition Springs is 20-building office complex comprised of condo-style buildings totaling 102,900 square feet. The one- and two-story buildings offer variable floor plans as well as views of the nearby Superstition Springs Golf Club. The property benefits from proximity to extensive retail and restaurant amenities as well as access to US highway 60.

Fosberg can be reached at (602) 735-1723. Winegar and Richards are at (480) 641-3520.

Phoenix, Ariz. – CBRE has negotiated the sale of a 6,656-square-foot flex industrial property within Elliot Commons Business Center in Gilbert, Ariz. The asset, located at 170 S. Williams Dillard Dr. in suites 115 and 116, commanded a sale price of $780,000 ($115 PSF)

The property is currently configured as a 6,656-square-foot flex industrial condominium unit with approximately 65 percent finished office and the remainder is warehouse. Built in 2003, the Elliot Commons Business Center benefits from easy access to three major freeway systems within 3-4 miles, allowing the tenant to effectively service Metro Phoenix.

The 6,656-square-foot property is currently leased to Trucom, a unique communications service provider for internet, data and telephone through a state-of-the-art synchronous optical network (SONET) technology. This location serves as the company’s operations base for Metro Phoenix.

A collaborative team of commercial real estate professionals, including Mike Parker, Evan Koplan, Steve Fernandez and Andrew Fosberg, with CBRE’s Phoenix office represented the seller, Bluewire LLC of Chandler, Ariz. The buyer, Foresight Group, LLC of Scottsdale Ariz., was represented by GPE Commercial’s Bret Isbell.

“The buyer found this to be an attractive investment opportunity given Trucom has seven years remaining on its lease,” said CBRE’s Mike Parker. “The 1031 Exchange Buyer found the lease term and asset quality of value to complete the upleg of their exchange.”

Parker, Koplan, Fernandez and Fosberg can be contacted at (602) 735-5555 for additional information.