The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 21 thru 31, 2015.

INDUSTRIAL – 1140 W. WARNER RD., TEMPE
Hybrid Design Associates and Surface Mount Company (HDA SMC), an engineering and manufacturing firm of sophisticated electronic components, signed a 10-year lease for 40,344 SF at Warner Crossing, 1140 W. Warner Rd., Tempe. The lease commences in Q2 2016.  Lee & Associates Principal Rick Lee and Associate Conner Lee negotiated on behalf of the landlord, Trinet Essential Facilities XXVI, San Francisco, CA. Lance Ross of Ross Property Advisors, Scottsdale represented the tenant. HDA SMC is relocating from their current location at 230 S. Siesta Ln., Tempe.  Warner Crossing consists of several fl ex and back office buildings and is located east of Priest Dr. at Warner Rd. It is also close to Interstate 10 and Phoenix Sky Harbor International Airport.

OFFICE – 1050 W WASHINGTON STREET, STE 100, TEMPE
Maricopa County Community College leased17,500-square-feet of space at 1050 W. Washington Street, Suite 100, in Tempe from Sunstate. The space will provide conference, training and meeting rooms for on-site workforce programs and classes. Kathy Foster, senior vice president; and Todd Noel, executive vice president; both of Colliers International, represented the Maricopa County Community College District in the transaction. Mike Garlick with Newmark Grubb Knight Frank represented the landlord, Sunstate.

“Colliers was awarded an RFP last year by Maricopa County Community College District (MCCCD) and we were lucky enough to be one of the first divisions of MCCCD to use them in locating a new facility. The experience has been excellent and the support and services we have been provided by Colliers and their team is beyond what we expected,” says Sidney Dietz, director of business services for Maricopa Corporate College. The office space is near light rail with convenient access to Loop 202. “This location will be critical in accomplishing the goals of the Maricopa Corporate College,” said Foster.  The Maricopa Corporate College works with companies to develop and deliver customized workforce solutions and education for employees in virtually every industry sector. Through a strategic business partnership model, Maricopa Corporate College assesses workforce needs and delivers customized and integrated solutions to meet those needs throughout all levels of an organization.

Industry’s Most Prestigious Designation Awarded by CoreNet Global

Phoenix, AZ– Kathy Foster, senior vice president of Corporate Solutions at Colliers International in Greater Phoenix, has been awarded the industry’s most prestigious designation, the Master of Corporate Real Estate (MCR), by CoreNet Global, the world’s leading professional association for corporate real estate and workplace executives.

“Kathy Foster joins a distinguished class of MCR graduates who have received extensive training and practical experience, and demonstrated professional competence and a high level of industry knowledge in the field,” said Angela Cain, CEO of CoreNet Global.

“We are extremely proud of Kathy’s accomplishment,” said Bob Mulhern, managing director of Colliers International in Greater Phoenix. “A dedicated and skilled professional with an outstanding record of success, Kathy joins an elite group of professionals who have earned the MCR.”

Foster specializes in portfolio management, corporate real estate and workplace strategy, working on behalf of clients with significant domestic and global real estate assets. With more than 20 years of in-depth experience in corporate real estate, Foster has completed transactions in excess of 10 million square feet in more than 100 markets throughout North America. An active member of CoreNet, Foster is also a member of Colliers’ Occupier Advisors Group and Arizona Commercial Real Estate Women (AZCREW); and she is dedicated to serving the community through a number of charitable organizations.

The CoreNet Global MCR professional designation was established in 1982, and is part of a comprehensive career development program for the corporate real estate profession. It includes more than 100 hours of classroom training, two elective seminars and a Capstone, followed by a graded assessment, all within a five-year period. The MCR provides essential skills that focus on critical business issues, and reflects strategic competence and successful experience as a corporate real estate expert.

PHOENIX, AZ – Colliers International in Greater Phoenix recently completed the sale of an office building in Chandler for $730,000 ($81.29 PSF) to a non-profit that supports foster children.

Aid to Adoption of Special Kids (AASK) of Phoenix purchased the building, located at 175 E. Corporate Place in Chandler, Arizona from TMS Properties, LLC, of Phoenix.

Kathy Foster, senior vice president, and Lindsey Carlson, vice president, both of Colliers International, represented the buyer. Tim Tapia of the Upland Group was the seller’s broker.

Built in 2004, the 8,980-square-foot building provides AASK with its first East Valley location. The organization has existing offices in Phoenix and Peoria. AASK promotes positive and stable relationships for Arizona’s foster children by recruiting, training and supporting foster families, adoptive families and adult mentors.

After completing the transaction and wanting to further support the organization’s mission, Foster and Carlson created “Team AASK” to raise donations. Foster also serves on the organization’s Board of Directors.

Through Team AASK, metro Phoenix businesses donated more than $50,000 in time, services and materials to build out the space, providing items such as donated furniture and discounted flooring. Foster and Carlson also donated a portion of their sales commission.

“We found companies eager to support efforts to aid an unprecedented number of children in Arizona foster care. The donations enable AASK to continue non-state funded activities such as the Mentoring Program, Sibling Camp and Todos Los Ninos. We couldn’t have done it without Team AASK,” Foster said.

Team AASK members include Colliers International in Greater Phoenix, Grand Canyon Title Agency Inc., ReSource Flooring, Blood Systems, Interior Solutions, McCarthy Nordburg, Wespac Construction Inc., Gust Rosenfeld P.L.C., Engelman and Berger PC and Arizona Business Bank.

“We are grateful for the opportunity to advance AASK’s mission and help connect foster children with caring adults,” Carlson said.

Ron Adelson, CEO of AASK, said because of the team’s backing, hundreds of children will have the chance to succeed.

“Kathy Foster and Lindsey Carlson have gone out of their way to support AASK’s mission. After guiding us through the purchase of our East Valley location, they led the effort to raise funds, allowing us to continue essential programs that support foster children and recruit additional families.”

Foster and Carlson are part of the top-producing Office Properties Solutions Group with Colliers International.