ViaWest Completes Leasing Since Acquisition in February

Phoenix, Arizona  – Deer Valley Financial Center has recently attracted five new tenants, bringing the Northwest Phoenix office complex to 100% occupancy.  The project, located at 22601 N. 19^th Ave., was acquired in February by ViaWest Group of Phoenix.

“ViaWest took a proactive approach, integrating a variety of tenant-friendly amenities and move in ready spec suites at Deer Valley Financial Center, which tenants found extremely appealing. Tenants jumped on the opportunity to be part of the new amenity rich renovations as they knew spaces would be in high demand,” says Ryan Timpani of Colliers International in Greater Phoenix.  “Employee-focused features such as community shuffleboard, television and lounge areas, as well as on-site dining have created one of the best multi-tenant office environments in the submarket.”  Timpani and Kyle Campbell serve as exclusive leasing agents for the Deer Valley Financial Center and represented the landlord in the following lease transactions.

Innovative Pain & Wellness, PLC of Scottsdale signed a long-term lease for 5,690-square- feet of space at the property.  The pain management firm was represented by Rich Andrus and Tanner Milne of Menlo Group Commercial Real Estate in the lease negotiations.

Phoenix Managed Networks, LLC, a telecom firm based in Reston, VA, has leased 5,374 square feet of space for more than five years.  The company was represented by Rick Mineweaser of Diamond Pacific Investments, Inc.

Qmes Holdings LLC has leased 3,122-square-feet of space for more than three years.  The durable medical equipment and supply company is based in Pennsylvania.  Dan Casey of DAUM Commercial Real Estate represented the company in its lease negotiations.

Quest Civil Contractors, LLC, a Phoenix-based construction company, has leased 2,207- square-feet for two years.  The firm was represented by Eric Bell of Kidder Matthews in the transaction.

DuBe Talent Consulting, LLC, a Minnesota company, has leased 1,942-square-feet for more than five years.  The human resources consulting firm is headquartered in Boston and was represented in the negotiations by Kyle Stickles of Cresa Phoenix.

“When we purchased Deer Valley Financial Center, we could see its untapped potential and we planned to execute on a spec suite and amenity program focused solely on the tenants and their employees,” said Steven Schwarz of ViaWest Group. “Prior to delivering any of the improvements, we were successful in bringing the property to 100% occupancy within the first five months of ownership. Although it was not an easy feat, it proves how strong the Deer Valley submarket has become. We foresaw the desire for an amenity rich environment. We created and delivered as promised and the success was clearly demonstrated by our lease up.”

Deer Valley Financial Center is a two-building, campus style office project located near the intersection of 19^th Avenue and Deer Valley Road.  The 126,578-square-foot development features Class A office space, common conference facilities, community shuffleboard, television and lounge space, as well as on-site dining.  The ViaWest Properties asset is adjacent to the Deer Valley Airport and just 20 minutes from Sky Harbor International Airport.  The property offers convenient access to Interstate 17 just one mile away and Loop 101 access just two miles from the project.

PHOENIX, Arizona – DAUM Commercial Real Estate Services continues to grow its Arizona brokerage team with the recent addition of Dan Casey.

Casey has been in the commercial real estate industry for more than five years. Prior to DAUM, he was with Cushman & Wakefield where he specialized in industrial property brokerage.

Casey earned a bachelor’s degree from University of Wisconsin-Milwaukee in finance and real estate. He is a resident of Phoenix.

DAUM Commercial Real Estate Services provides a full array of services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management. Founded in 1904, DAUM is California’s longest standing and most experienced commercial real estate brokerage company. DAUM has 10 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network. More information is available at www.oncorintl.com.

Retail Users’ Demonstrate attraction to Industrial Space

SCOTTSDALE, AZ – Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space.

Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term lease for 4,486 square feet at 16033 N. 77^th St., Suite B and took occupancy this month. It is the first location in the Valley for Gracie Barra, which has schools in Tucson and Flagstaff. Gracie Barra offers advanced programs, black belt programs, fundamental programs, future champions programs, women’s programs and private training.

“It’s interesting to see retail tenants transitioning into industrial complexes,” said Keri Scott, Associate with Cushman & Wakefield’s Industrial Properties group. “It’s a more cost-effective way for retail tenants to still be successful in an aggressive market like Scottsdale. This market in particular, has a lack of retail product. Destination retail users are not as reliant on pedestrian traffic and street-front visibility, so these industrial options offer a great opportunity.”

Retail sales and retail leasing in Scottsdale have been very active since the beginning of the year. Four of the top five retail sales and two of the top four leases in 2015 have taken place in the Scottsdale submarket.

Scott and Dan Casey of Cushman & Wakefield represented Gracie Barra in the transaction. The landlord, MJD Investments, LLC of Gilbert was represented by Kevin Roos of Roos Realty Partners, LLC.