PHOENIX, AZ – Bob Mulhern, Senior Managing Director at Collier’s International, was honored with the Award of Excellence at the 2015 Best of NAIOP last week at the Arizona Biltmore.

NAIOP member since 1994, Mulhern served on the Arizona Board of Directors for 14 years, including stints as president and chairman in 1996. He is currently chair of the education committee. In 1996, he moved NAIOP to a strategy of big events, beginning with a golf tournament that year. It has since grown to be one of the most sought-after tickets on the calendar.  

NAIOP Arizona’s Award of Excellence, formerly the Lifetime Achievement Award, is awarded by the Arizona Chapter Board of Directors on an annual basis at the Best of NAIOP event.  The criteria for the recipient is an individual who has made a significant, positive impact on the office and industrial commercial real estate market in Arizona over a period of no less than 15 years, as well as their direct volunteer contribution to the chapter.

As NAIOP Arizona celebrated its 30^th year, it was a big night for repeat winners. Ryan Companies US took home its fourth straight Best of NAIOP award for Firm of the Year and third straight award for General Contractor of the Year. Butler Design Group was named Architect of the Year for the fourth straight time and CBRE (Brokerage Firm of the Year) won for the second straight time.

In the brokerage awards, repeat winners were Pat Williams, JLL, Tenant Rep Broker of the Year; Kate Morris and Vince Femiano, CBRE, Healthcare Brokers of the Year; and Chris Toci, Cushman & Wakefield, Investment Broker of the Year.

Phoenix-based ViaWest Group took home two honors: Owner/Developer of the Year, and Transaction of the Year, Biltmore Financial Center. Talk of the Town Award went to Marina Heights, Building 500.

The event was sponsored by NAIOP Arizona. More than 950 commercial real estate professionals attended.

The 2015 Best of NAIOP winners:

Owner/Developer of the Year: ViaWest Group

NAIOP Firm of the Year: Ryan Companies US, Inc.

Architect of the Year: Butler Design Group

Interior Architect of the Year: RSP Architects

General Contractor of the Year: Ryan Companies US, Inc.

Tenant Improvement Contractor of the Year: Ryan Companies US, Inc.

Office Broker of the Year: Todd Noel, Keith Lambeth & Ryan Timpani, Colliers International

Industrial Broker of the Year: Pat Feeney, Dan Calihan & Rusty Kennedy, CBRE

Retail Broker of the Year: Joe Doucett, NGKF

Investment Broker of the Year: Chris Toci, Cushman & Wakefield

Healthcare Broker of the Year: Kate Morris & Vince Femiano, CBRE

Tenant Representative Broker of the Year: Pat Williams, JLL

Emerging Broker of the Year: Cooper Fratt, CBRE

Rookie Broker of the Year: Michael Strittmatter, CBRE

Industrial Build-to-Suit of the Year: Shutterfly at Discovery Business Campus

Industrial Tenant Improvement of the Year: Stone Creek Furniture

Office Build-to-Suit of the Year: DriveTime Corporate Headquarters, Liberty Center at Rio Salado and Marina Heights, Building 500

Office Tenant Improvement of the Year (75K SF or Less): Mobile Mini Headquarter & Call Center

Office Tenant Improvement of the Year (75K SF or More): Marina Heights, Building 500

LEED Certified Project of the Year: Liberty Center at Rio Salado

Medical Office Project of the Year: Friendship House at Royal Oaks Memory Care

Mixed-Use Project of the Year: Aspen Place

Retail Adaptive/Re-Use Project of the Year: The Yard at the Farmer Arts District

Redevelopment Project of the Year: The Scheduling Institute

Spec Industrial Project of the Year: 10 West Logistics Center

Spec Office Project of the Year: Hayden Ferry Lakeside III

Transaction of the Year: Biltmore Financial Center

Award of Excellence: Bob Mulhern, Colliers International

Brokerage House of the Year: CBRE

Developing Leader of the Year: Ashley Hoffman, Layton Construction

Principal Member of the Year: Rick Butler, Butler Design Group

Associate Member of the Year: Eric Wolfe, Chicago Title Agency

Talk of the Town: Marina Heights, Building 500

Sign Sponsor of the Year: Trademark Visual, Inc.

PHOENIX, AZ – ViaWest Group recently signed a new 37,422-square-foot lease at its Tiger Industrial Center in Phoenix. Located at 4901 & 4929 West Van Buren, the two-building complex is comprised of 103,064-square-feet and is located just one mile south of a full-diamond interchange on the I-10 Freeway. Snyder’s-Lance will relocate and expand its presence in the Valley by occupying 37,422-square-feet. This property was only 16% leased when ViaWest purchased the asset in January 2015 and now stands at approximately 60% just one year later.

This lease marks another notable occasion for ViaWest’s Select Strategies Fund focused on the acquisition of general industrial properties in Southwestern, U.S. “We’ve recently finalized many value-add enhancements at the property and it’s great to see that this has been well-received in the market,” says Brad Dales of ViaWest.

Snyder’s-Lance creates and markets snack foods internationally, including pretzels, potato chips, crackers, cookies, nuts and more. They have production facilities in 9 states and are headquartered in Charlotte, North Carolina. “We are excited to add another top-tier company to this project and look forward to growing our relationship with Snyder’s-Lance,” says Danny Swancey with ViaWest.

Riley Gilbert with Jones Lang LaSalle’s Phoenix office represented the Owner on the Snyder’s-Lance lease and is currently marketing the remaining 43,588-square-feet available in the project. Cooper Fratt with CBRE’s Phoenix office represented the Tenant.

Riley Gilbert of Jones Lange LaSalle cites “responsive management, functional lease-ready space, and great access to the I-10 freeway” as some of the factors that attracted Snyder’s-Lance. JLL will continue to market the project’s remaining vacancy.

ViaWest’s Fund includes several Arizona properties, an industrial center in El Paso, and is currently searching both locally and in neighboring states for new acquisitions.

 

Telgian, Inc. Doubles Operational Footprint, Will Relocate Corporate HQ

Phoenix, AZ – CBRE has negotiated the purchase of the Phoenix Tech Center property located at 10230 S. 50^th Place in Phoenix. The buyer, Telgian, Inc., will relocate its corporate headquarters to the new facility.

Cooper Fratt, John Werstler and Jerry McCormick brokered the transaction on behalf of Telgian, helping the fire-industry leader accommodate the company’s growing operation as well as completing a 1031 Exchange in the process.

“Telgian is an industry leader and was in need of a larger facility due to growth the company has experienced in recent months,” said CBRE’s Fratt. “Given the current supply of available product on the market, it was a challenge to line up the timing of both transactions. However, we were able to overcome those challenges. The Phoenix Tech Center facility fits all of Telgian’s expansion needs and will also accommodate additional growth in to the future.”

Previously located in a 20,000-square-foot property located at 2615 S. Industrial Park Avenue in Tempe, Telgian’s new facility totals more than twice that at 40,650-square-feet and will house the company’s corporate headquarters.

Prior to purchasing the Phoenix Tech Center property, the CBRE agents represented Telgian in the sale of the 2615 S. Industrial Park property, which was sold to Medone Healthcare, LLC of Tempe for $1.54 million. Telgian was then able to purchase the Phoenix Tech Center facility via a 1031 exchange for just over $3.65 million.

To learn more Fratt should be contacted at 602.735.5555, Werstler can be reached at 602.735.5504, and McCormick can be called at 602.735.5265.