APPLE DEAL IN MESA EARNS 2^ND PLACE FOR BEST SALE – SINGLE ASSET

PHOENIX, AZ (July 7, 2014) – Cushman &Wakefield’s Phoenix Office took top honors in Commercial Property Executive’s (CPE) 2014 Distinguished Achievement Awards, which represent leading transactions, strategies and projects that took place in 2013.

Awards were given in eight categories, including Best Lease, Best Sale – Single Asset, Best Sale – Portfolio, Best Financial Structure, Best Development/Redevelopment, Most Effective Repositioning/Turnaround Strategy and Most Innovative Corporate Strategy.

Jim Wilson and Michael White of Cushman & Wakefield of Arizona, Inc. and Nathan Zoucha of C&W’s San Francisco office and their submission of Mesa Gateway (sale of First Solar’s new but never used manufacturing facility in Mesa to Apple) won 2nd place for Best Sale – Single Asset.

C&W took 1st place in Best Financial Structure. Dave Karson of Equity, Debt & Structured Finance in New York won for 50 West Street/Time Equities. C&W helped Time Equities Inc. line up a complex combination of financing for the construction of 50 West St. It identified hedge fund Elliott Management and met PNC Bank’s terms with five other participants in a loan syndication.

This year’s judges included Ray Cirz, chairman & senior managing director of Integra Realty Resources; Glenn Brill, managing director of real estate solutions for FTI Consulting; Jay Epstien, chair of the U.S. real estate practice and co-chair of the global real estate practice for DLA Piper; and Marilyn Kane, founding partner & president of Iridium Capital.

PHOENIX, AZ – Wade Nelson joined Cushman & Wakefield of Arizona, Inc. as Managing Director, West Region Practice Leader | Property Tax Services in the Phoenix office Valuation & Advisory Group.

Nelson’s responsibilities include building Cushman & Wakefield’s property tax service practice in the West. Nelson previously held management positions at Ernst & Young and Thomson Reuters Tax & Accounting.

“Real estate taxes are a major expense to property owners/operators and they are based on market value.  Who is more qualified to keep them in check than a commercial real estate company that specializes in brokerage, property management and appraisal or accounting firm CPAs and consultants,” Nelson said.

“Having worked with both, I would choose the real estate experts.  Cushman & Wakefield has the best reputation in the business for a reason and they are particularly well suited to provide world class property tax service.”

Nelson, a native of Columbia, Mo., is a graduate of Arizona State University.

To contact Nelson, call him at the C&W main number: (602) 253-7900.

TEMPE, AZ– Cushman & Wakefield of Arizona, Inc. negotiated a lease bringing The Chef’s Warehouse to 14,488 square feet of space at 745 W. Fairmont Dr. in Tempe.

Headquartered in New York, The Chef’s Warehouse is a specialty food distributor that began sourcing products for high-end chefs more than 30 years ago. The company has locations in major metropolitan areas across the U.S. and in Canada. This is the first Chef’s Warehouse location in Arizona.

The lease brings the property to 100 percent leased and The Chef’s Warehouse will take occupancy this summer.

“The food industry has had a lot of recent growth in the Phoenix market,” said Jackie Orcutt. “We are happy to assist the landlord in achieving 100 percent occupancy with this transaction.”

Orcutt and John Grady of Cushman & Wakefield represented the landlord, Valor Fairmont, LLC of Phoenix. The tenant was represented by Paul Sieczkowski of Colliers International.

To learn more, Orcutt and Grady should be reached at (602) 253-7900. Sieczkowski can be contacted at (602) 222-5085.