CHANDLER, AZ – The Southeast Regional Association of REALTORS@ (SEVRAR), the largest realty association in Arizona, has purchased a new 3.1-acre site for their office headquarters at Chandler Airport Center in Chandler. The parcel sold for $1,152,290 or $8.50 per SF. The site was purchased for a builtto-suit office and conference facility. The project is expected to be completed in early 2018. 

With over 12,000 members, the goal of SEVRAR is to support communities in which their members live, work and play and to promote and protect the quality of life enjoyed throughout the Southeast Valley. The new location will allow SEVRAR to serve its members from a more central location as the Valley continues to grow South and East. 

Chandler Airport Center, near Loop 202 and Cooper Rd, is home to over 600,000 SF of office and industrial space with more under construction and proposed for future development. The adjacent Chandler Municipal Airport is the fi fth-busiest in the state with more than 220,000 takeoff s and landings in fi scal year 2014, according to Federal Aviation Administration data.  

Lee & Associates Principals, Andrew Cheney, Craig Coppola and Associate Gregg Kafka, represented SEVRAR while Andy Ogan, Principal, represented the seller, CAC 16, LLC.  

For more information contact Andrew Cheney, CCIM, SIOR at   602.954-3769; Craig Coppola, CCIM, CRE, SIOR at 602.954-3762; Andy Ogan can be reached at 602.474.9565; and   Gregg Kafka, CCIM is at 602.954-3777.

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from March 28 thru April 1, 2016

INDUSTRIAL – 1075 E. SALTER DR., PHOENIX
Cushman & Wakefield has announced that Mangum Civil Constructors, Inc. of Riverton, UT, leased 15,594-square-feet in North Phoenix to expand and relocate its Arizona operations.

“With this move, this growing company will more than double its space in the Valley,” says Paul Sweetland, Senior Director with Cushman & Wakefield. “Mangum wanted the individual identity along with excellent curb appeal that this freestanding, single-tenant building offers.”

The office/warehouse building with fenced yard is located at 1075 E. Salter Dr.  Mangum Civil Constructors recently took occupancy of the new space, relocating from 2514 E. Mohawk Lane in Phoenix.

The company specializes in cell phone tower installation and related construction.

Sweetland and Justin LeMaster of Cushman & Wakefield represented Mangum Civil Constructors in its lease negotiations.  Eric Bell of Kidder Mathews represented the landlord, TREF DV Build, LLC.

For more information, Sweetland and LeMaster can be reached through 602.224.4459.

OFFICE – 2141 E. HIGHLAND AVE., PHOENIX
AFS Technologies, Inc. (AFS), a worldwide retail and supply chain solutions company, has renewed its corporate headquarters lease at Park One, 2141 E. Highland Ave., Phoenix. The company has occupied space in the building since 2007.

The AFS renewal is further indication of the growing trend of companies relocating to and growing with the Phoenix metro area. “International and U.S. companies are attracted to the Valley’s strong dynamics, including; an educated workforce, low business costs and a strong quality of life,” said Craig Coppola, Principal with Lee & Associates.

AFS is a global provider of solutions purpose-built for consumer goods companies. AFS is celebrating 30 years in business and serves over 1,300 customers in more than 50 countries.

Lee & Associates Principals Craig Coppola and Bill Blake represented AFS in the transaction while Matthew Kaufold represented the landlord, McCarthy Cook & Co. of El Segundo, CA.  Built in 1982 and renovated in 2014, Park One is a two-building, 202,630 SF, Class A office building on the sought-after Camelback Corridor.

For more information, Coppola can be reached at 602.954.3762 and Blake is at 602.954.3761.

RETAIL – 2155 E UNIVERSITY DR., TEMPE
A retail lease for 1,772-square-feet within University 101 Shops at 2155 E. University Drive in Tempe, AZ to Amy’s Bridal was recently consummated. The owner of the center is 2155 E University, LLC.  Jared Lively of Rein & Grossoehme represented both the Landlord and the Tenant on this transaction.  For more information, Lively should be contacted at 480.214.9411

RETAIL – BLACK CANYON BUSINESS PARK, PHOENIX
A retail lease for 1,199-square-feet within Black Canyon Business Park in Phoenix, AZ to Hot Girl Swimwear was recently consummated. The owner of the center is BKM Black Canyon 103, LLC. Jared Lively of Rein & Grossoehme represented both the Tenant and John Pompay of Cushman & Wakefield represented the Landlord on this transaction.

RETAIL – PALM PLAZA, 51^ST AVE & ORANGEWOOD, GLENDALE, AZ
A retail lease for 800-square-feet in Palms Plaza to Bazar Latino was recently consummated. The location of the property is 51^st Avenue and Orangewood in Glendale, AZ. The owner of the center is RMM Orangewood Retail, LLC. Kevin Roessler of Rein & Grossoehme represented the Tenant and Jared Lively of Rein & Grossoehme represented the Owner.  For more information, Roessler should be contacted at 480.214.9425.

PHOENIX, AZ – Hoskin-Ryan Consultants, Inc., a full-service, civil engineering firm has signed a long-term, 12,808-square-foot office lease at 5050 @ Camelback located at 5050 N. 40th St. in Phoenix. Move-in is expected in May.

Craig Coppola, CCIM, CRE, SIOR, and Andrew Cheney, CCIM, SIOR, Principals, and Gregg Kafka, CCIM, an Associate with Lee & Associates, represented the landlord Mark IV, Capital Inc. of Newport Beach, CA, while Scott Nelson with Commercial Properties, Inc. represented Hoskin-Ryan in the transaction.

5050 @ Camelback is situated just north of Camelback Road on 40th St. inthe Camelback Corridor submarket. The property features 100% underground parking, completely refurbished common areas, on-site gym facilities, country club-style restrooms, excellent Camelback Mountain views and all the retail, shopping and entertainment amenities the corridor has to offer. Centrally located just minutes from Scottsdale, Central Phoenix and Phoenix Sky Harbor International Airport.

For more information, Copppola can be reached at 602.954-3762, Cheney is at 602.954-3769, and Kafka should be contacted at 602.954-3777.