Phoenix, AZ – CBRE is pleased to announce that Krystal Dill has joined the Phoenix location. As the newest member to the team, Ms. Dill will partner with Bryan Taute and Charlie von Arentschildt to provide leasing and investment sale services to agency clients.

Focused solely on listing assignments, Ms. Dill will be responsible for managing her team’s active listings, ensuring seamless execution of all leasing-related responsibilities, including leasing proposals, financial analyses, and working with prospective tenants, among other duties.

“I’m excited to welcome Krystal to our team. Her unique combination of experience on the landlord side and brokerage will further enhance our ability to meet our clients’ needs,” said CBRE’s Taute. “The Valley’s office market continues to improve and leasing activity is at post-recession highs. As the demand for office space in metro Phoenix surges, our team will continue to grow and adapt. Bringing Krystal on board ensures we are best able to deliver the highest level of service to our clients.”

Ms. Dill comes to CBRE from Lincoln Property Company where she was an associate and marketing manager. While with Lincoln, Ms. Dill assisted in leasing Lincoln’s entire 8 million-sq.-ft. portfolio. She also managed all property marketing campaigns for each of Lincoln’s assets, including oversight of campaigns from third-party brokerage houses. Prior to her role with Lincoln Property Company, Ms. Dill held positions with Voit Real Estate Services, Cushman & Wakefield of Arizona and Westcor.

For the past 2 years, Ms. Dill has served on the Board for AZCrew as the Chair of the PR/Outreach Committee. She also invests her time with NAIOP Arizona as a member of their Education Committee.

Phoenix, AZ – CBRE announced it has arranged the joint venture between Equus Capital Partners, Ltd. (“Equus”) and iStar for the ownership of Raintree Corporate Center, a premier Class-A office complex located at 8800 and 8888 E. Raintree Drive in Scottsdale, Arizona.

Bryan Taute with CBRE’s Phoenix office and Kevin Shannon and Brad Burton with CBRE’s El Segundo office negotiated the transaction between Equus and iStar. Bryan Taute also has the marketing and leasing assignment on the property.

Equus is headquartered in the Philadelphia-area and is one of the nation’s leading private equity real estate fund managers; iStar is a publically traded REIT headquartered in New York City. An affiliate of Equus will enter the joint venture as the managing partner, working closely with CBRE brokers to implement an aggressive leasing strategy for the property.

“We are thrilled to be partnering with iStar on a trophy office asset in the Scottsdale market. We look forward to implementing our business plan and re-introducing the property to the brokerage community” said Jonathan Praw who oversaw the transaction for the firm. Praw who is Vice President and Head of West Coast Operations for Equus is based in the firm’s Los Angeles office.

“We are excited to partner with highly respected group like Equus. The joint venture allows us to capitalize on market and property-level improvements during our period of ownership, and align ourselves with a best in class owner as we lease-up the project to full stabilization” said David Sotolov, Senior Vice President and Head of West Coast Investments, who oversaw the transaction for iStar.

Strategically located on Loop 101 just north of Shea, Raintree Corporate Center is a 345,000 SF class A office complex that provides easy access and excellent visibility. The property offers tenants flexible floor plans, parking ratios in excess of six per 1,000 square feet, proximity to upscale retail and residential options. Serving as headquarters to Meritage Homes since 2014, Raintree Corporate Center is currently 51 percent leased and can offer up to 140,000 SF of contiguous space.

“We have already started working on an aggressive strategy that focuses on attracting large corporate users. Based on the above market parking ratio, freeway visibility, quality of the common areas, and proximity to amenities, Raintree is well positioned to lease-up quickly,” said CBRE’s Taute.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from  September 7 thru September 11, 2015.

OFFICE – 6400 E. GRANT RD., TUCSON
Capital Connect, Inc. leased 6,007-square-feet of office space at 6400 E. Grant Rd. in Tucson from La Mirada LLC.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and David Montijo with CBRE, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $15.00 SF/YR Full Service; Tenant Phone: 520.209.2525[/mepr-show]

OFFICE – 2404 E. RIVER RD., TUCSON
Tula Wellness, PLLC subleased 3,821-square-feet of medical office space at 2404 E. River Rd., Suite 251 in Tucson from TMC Holdings, Inc.  Rick Kleiner, MBA, and Tom Knox, SIOR, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord and Bruce Suppes with CBRE, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.577.1129[/mepr-show]

OFFICE – 1880 E. RIVER RD., TUCSON
ARC Therapy Services, LLC, dba Brookdale Home Health Tucson, leased 2,920-square-feet of office space at 1880 E. River Rd., Suite 200 in Tucson from Cambric Partners.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.219.1649[/mepr-show]

OFFICE – 3100 N. STONE AVE., TUCSON
Oak & More, Inc. leased 2,507-square-feet of warehouse/office space at 3100 N. Stone Ave., Suite 200 in Tucson from 3100, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking rate: $0.65 – $0.70 SF/MO Modified Gross; Tenant Phone: 520.321.4090[/mepr-show]

RETAIL – 15990 S. RANCHO SAHUARITA BLVD, SAHUARITA
Sweet Peadiatric Dentistry, PLLC leased 1,920-square-feet at 15990 S. Rancho Sahuarita Blvd. in The Shops At Rancho Sahuarita, from Rancho Sahuarita Commercial Ventures, LLC. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and Christian Gile with Arizona Healthcare Realty, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $24.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 305 S. EUCLID AVE., TUCSON
Desert USA Corporation, dba Ecoblue, leased 1,875-square-feet at 305 S. Euclid Ave., Suite 101 in Tucson from Pascoe Investment-Arizona, LLC.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $0.75 SF/MO Modified Gross; Phone: 520.407.6788[/mepr-show]

OFFICE – 1670 E. RIVER RD., TUCSON
Phillips Auld Engineering, LLC leased 1,330-square-feet of office space at 1670 E. River Rd., Suite 100 in Tucson from Caliber Mesquite, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Gary Andros with Andros Properties, represented the tenant in this transaction.

RETAIL – 18805 S. I-19 FRONTAGE RD., SAHUARITA
Tierra Antigua Realty, LLC. Leased 1,307-square-feet at 18805 South I-19 Frontage Road, Suite A-105, in Green Valley. The space is located within Sahuarita Plaza, which is anchored by Petco, Jo-Ann Fabrics and Crafts, Ace, Ross, and Big Lots. Brenna Lacey of Volk Company represented the landlord, CVP – Sahuarita Plaza, LLC. [mepr-show rules=”58038″]Tenant Phone: 520.544.2335[/mepr-show]

RETAIL – 2914 E 22^nd ST., TUCSON
Tucson Area Intergroup leased 330-square-feet of office space at 2914 E. 22^nd St., Suite 3 in Tucson from R.R.L., Inc. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.882.7422[/mepr-show]