Leases Class A industrial building for new 53,739-square-foot showroom facility

PHOENIX, Arizona – The Phoenix office of JLL has completed a 53,739-square-foot lease for Streetside Classics that brings the nation’s top consignment dealer of classic and collectible cars to the Arizona market. Streetside will open its sixth – and newest – showroom facility in Mesa, Arizona later this summer.

Based in Charlotte, Streetside specializes in the consignment, purchase and sale of classic and collectible cars to a network of qualified buyers and sellers. The company offers more than 1,200 cars online and in showrooms located in Atlanta, Charlotte, Dallas/Fort Worth, Nashville and Tampa.

JLL Senior Vice President Steve Larsen and Managing Director Marc Hertzberg represented Streetside in its site selection and lease negotiations. Ken McQueen and Chris McClurg of Lee and Associates represented the property owner.

“Events like Barrett-Jackson have put Phoenix on the map for classic car enthusiasts and the companies that serve them,” said Larsen. “The combination of Phoenix’s exceptional industrial inventory and its competitive pricing were major advantages that, ultimately, allowed Streetside to secure a high exposure, Class A building with state-of-the-art construction.”

“These market factors keep auto-related transactions in the Valley for showrooms, refurbishment operations and even parts distribution very robust,” added Hertzberg.

“With the new Phoenix-Scottsdale location, we are very excited to make our consignment services more accessible for our West Coast customers. Phoenix is a well-established market for collector cars, and this expansion gives Streetside true nationwide reach as we continue to expand our brand into the best markets in the U.S.,” added Streetside President and CEO Donna Robbins.

The new Streetside showroom is located at 614 E. Auto Center Drive in Mesa, Arizona, within the Metro East Valley Commerce Center. The 53,739-square-foot building features a high-end environment with state-of-the-art construction, multiple loading doors and a location that is less than one-half mile from U.S. Highway 60/Superstition Freeway and surrounded by multiple major brand auto dealers.

Streetside will occupy its new space in late Summer.

PHOENIX, AZ — NAI Horizon Senior Vice President Isy Sonabend represented the buyer in the $2.215 million sale of an industrial property at 3120 E. Washington in Phoenix.

NAI Horizon represented Remet Real Estate Holding Company, LLC, of Delaware.

Built in 1994, the 22,635-square-foot building sits on 2.34 acres and will be used as a manufacturing facility for candle making.

“The building amenities and excess land, coupled with a central location near light rail and Sky Harbor International Airport, make this acquisition the ideal site for Remet to expand its Phoenix operations,” Sonabend said.

The seller, Global Clearspans, Inc., was represented by Chris McClurg of Lee & Asssociates.

For more information visit www.naihorizon.com.

GLENDALE/SCOTTSDALE, AZ – Two high-profile shopping centers sold in separate transactions in the past 60 days: Fry’s Food Store anchored 51st & Olive Square at 5116 W. Olive Ave., Glendale sold for $9.25 million ($165.40 PSF) and Playa Del Norte, 555 N. Scottsdale Rd.,Tempe for $7.1 million ($617.44 PSF).

At 51st & Olive Square, Lee & Associates principals Patrick Dempsey and Jan Fincham negotiated both sides of the transaction. The buyer was 51 & Olive Station LLC of Cincinnati, OH. The 88,225-square-foot property features a Fry’s Food Store, Fry’s Fuel Station, Leslie’s Pools, UPS Store and Papa Murphy’s.

At Playa del Norte, Lee & Associates principals Patrick Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick co-listed and secured the buyer, Crow Holdings Capital Real Estate of Dallas, TX. The 11,499-square-foot retail plaza features high-volume tenants such as Starbucks, Jersey Mike’s, Wing Stop and T-Mobile.

Both properties sold to institutional buyers for investment.

For more information Dempsey can be reached at 602.954.3772, Fincham is at 602.954.3754, McClurg can be contacted at 602.954.3766, and Fredrick can be found at 602.912.3532.