90 Percent Leased Retail Center Sold by CRE Firm LevRose to California-based Buyer

PEORIA, Arizona — LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, closed the sale of Thunderbird Village in Peoria for $12.5 million ($152 PSF).

Located at 7518 W. Thunderbird Road, the 82,099-square-foot building includes a 90 percent leased retail center. California-based company, Deerwood Retail Opportunities AZ, LLC, purchased the property from CAZCO Asset Management Inc. The brokers for the buyer were Trent McCullough, Mark Cassell and Greg Vanlerberghe of LevRose Commercial Real Estate and the brokers for the seller were Ryan Schubert and Michael Hackett of Cushman Wakefield.

“Trent, Mark and Greg found their client an outstanding property to purchase,” said Jon Rosenberg, managing partner and co-founder of LevRose Commercial Real Estate. “It’s not always easy to find a property with the quality of tenants and occupancy that this investment currently has in place.”

With an expertise in both, office and retail tenant and landlord representation, sales transactions and property management, LevRose Commercial Real Estate has been serving the Valley since 1992. Locally owned LevRose is affiliated with TCN Worldwide, a consortium of independent commercial real estate firms providing complete real estate solutions locally, nationally and internationally.

For more information, please visit www.LevRose.com or call 480-947-0600.

Iconic Real Estate School Enters into Lease of 14,000 Square-Foot Office Space with Riverwalk at Talking Stick

SCOTTSDALE, Arizona – LevRose Commercial Real Estate, a leading Arizona-based commercial real estate brokerage and management company, announced recently that Arizona School of Real Estate & Business leased 14,889-square-feet of office space at Riverwalk at Talking Stick.

LevRose Commercial Real Estate’s Keri Davies and Jon Rosenberg represented the tenant, Arizona School of Real Estate & Business, during the lease negotiations. Kurt Rosene of Novo Development represented The Alter Group, the Riverwalk at Talking Stick landlord,

“Although part of what made the Arizona School of Real Estate & Business iconic was its Scottsdale location, this move to a progressive new location marks a new era in its history,” said Jon Rosenberg, co-founder and managing partner of LevRose Commercial Real Estate. “We are honored to represent this school and help negotiate the deal at its new home. Arizona School of Real Estate & Business will enjoy upgraded and efficient space with highway visibility and ample parking.”

Riverwalk at Talking Stick is located at 7350 N. Dobson Road, Scottsdale, AZ and is adjacent to Top Golf and just east of the Talking Stick Resort Casino.

With an expertise in both office and retail tenant and landlord representation, sales transactions and property management, LevRose Commercial Real Estate has been serving the Valley since 1992. Locally owned LevRose is affiliated with TCN Worldwide, a consortium of independent commercial real estate firms providing complete real estate solutions locally, nationally and internationally.

For more information, please visit www.LevRose.com or call 480.947.0600.

PHOENIX, Arizona — Since 2012, Sam Fox’s corporate headquarters for Fox Restaurant Concepts has sat above The Henry, one of his signature restaurants, in a multi-tenant office complex called The Park located at 4455 East Camelback Road in Phoenix, AZ.

Recently, Fox announced the expansion of their corporate offices at The Park. Fox Restaurant Concepts and True Foods Kitchen, both part of Fox’s corporate offices, will occupy two office spaces totaling 13,673-square-feet.

Jon Rosenberg and Keri Davies of Levrose Commercial Real Estate negotiated both leases on behalf of the Landlord and Jerry Roberts of CBRE represented the Tenant.

The office expansion announcement comes as the latest in a series of announcements from Sam Fox, including the opening of Fox’s latest restaurant, Doughbird Pizza & Rotisserie, which opened on Tuesday, March 28. Also announced was Fox’s nomination for Outstanding Restaurateur for the 10th year in a row by the James Beard Foundation.

Meanwhile in the Old Pueblo, work being done by Common Bond Development Group and partner Sam Fox continues on The Yard at Grant Road Lumber, 2543 E Grant Road in Tucson, a 20,000-square-foot restaurant building that promises to be the “nicest Yard to date”. Opening is planned for Sept 2017.

Common Bond Development Group is also building a 6,825-square-foot multi-tenant retail pad on the immediate corner of this project on Grant Road with quoted rents in the “low-$40’s/SF, NNN.”

These two Tucson projects represent approximately $15 million combined investment.

For more information on the Tucson property sale see Real Estate Daily News September 9, 2016 and see early grading of the Yard at Grant Road Lumber here.