Irgens Phoenix Announces Land Acquisition for $17M Spectrum Medical Commons

Spectrum Medical Commons, 3367 S Mercy Rd, Gilbert, AZ

Medical Campus in Gilbert Slated for February Groundbreaking

PHOENIX, Arizona — Irgens – Phoenix has announced the completed acquisition of four acres of land that will soon be the site of its $17 million Spectrum Medical Commons.  The medical campus near Val Vista Drive and the 202 Santan Freeway is located immediately adjacent to Dignity Health Mercy Gilbert Medical Center.  The planned building is 65 percent pre-leased and groundbreaking is planned for this week.

Irgens will begin development with a two-story, multi-tenant building at 3367 S. Mercy Rd.  The building will contain approximately 44,000-square-feet of space for lease and will feature common conference/break room facilities and outdoor patio seating for tenant staff.  This will be the first new multi-tenant medical building for lease developed in the area since 2010.

“The Southeast Valley has been a popular destination for expansion of medical practices,” says Jason Anzalone, vice president of development for Irgens.  “We are thrilled to begin this exciting new project, bringing the most innovative medical office building to the Gilbert area.  The state-of-the-art building brings unparalleled quality and advancement in this category of development.  We are pleased that the first tenants of the project will be moved in and seeing patients in September.”

The building has been designed by Devenney Architects and construction is being handled by A.R. Mays. Leasing is being handled by Michael Dupuy, Fletcher Perry and Rachael Thompson of Kidder Matthews.  John Asher of AT Real Estate represented Irgens in the land acquisition and Leroy Breinholt and Cory Sposi of CPI represented the seller.

 




Phoenix Commercial Lease Report December 5-9, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 5 thru 9, 2016.

INDUSTRIAL – 2225 S. 75th AVE., PHOENIX
Isy Sonabend and Rick Foss with NAI Horizon represented the tenant, Benson Industries, in a 12-month industrial lease for  93,489-square-feet at 2225 S. 75th Ave., Phoenix, AZ. Pat Harlan with JLL represented the landlord, Clarion Partners.

RETAIL – 858 S. GREENFIELD RD., GILBERT
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Planet Fitness, in a 180-month retail lease for 19,969-square-feet at 858 S. Greenfield Rd., Gilbert, AZ. Jason Fessinger with Strategic Retail Group represented the landlord, Warner Greenfield, LLC.

RETAIL – 10096 W. HAPPY VALLEY RD., PEORIA
Brian & Tom Woods of Colliers International represented Tuesday Morning on a 10 year lease with Vestar at Lake Pleasant Towne Center 10096 W. Happy Valley Road, Major D, Peoria, AZ, 85281 for 12,000-square-feet.  Torrey Briegel and Cameron Warren of Phoenix Commercial Advisors represented the Landlord.

INDUSTRIAL – 75 W. BASELINE RD., GILBERT
Jeff Adams with NAI Horizon represented the tenant, PPE Engineering, in a 38-month industrial lease for 7,812-square-feet at 75 West Baseline Rd., Gilbert, AZ. Leroy Breinholt and Darin Edwards with Commercial Properties, Inc. represented the landlord, Fiesta Center, LLC.

OFFICE – 4201 N. 24th ST., TUCSON
Tom Bean and Laurel Lewis with NAI Horizon represented the landlord, State Bar of Arizona, in a 65-month office lease for 7,080-square-feet at 4201 N. 24th St., Phoenix, AZ. James Robinson with Avocat represented the tenant, Data Monster dba Total Works.

OFFICE- 8180 N. HAYDEN, SCOTTSDALE
Jeff Adams with NAI Horizon represented the tenant, ISCI Holdings, INC, in a 73-month office lease for 3,575-square-feet at 8180 N. Hayden, Scottsdale, AZ. Nate Goldfarb, David Carder and Luke Wilson with CBRE represented the landlord, Village at Hayden, LLC.

RETAIL – 5830 W. THUNDERBIRD RD., GLENDALE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GT, LLC, in an 84-month retail lease with Sushi Plus for 2,312-square-feet at 5830 W. Thunderbird Rd.

RETAIL- 10636 N. 71st WAY, SCOTTSDALE
Sharon Reeves with NAI Horizon represented the landlord, Jaylynn Properties, LLC, in a 48-month retail lease with Scottsdale Bead Supply and Imports, Inc. for 2,200-square-feet at 10636 N. 71st Way, Scottsdale, AZ.

RETAIL – 10624 N. 71st WAY, SCOTTSDALE
Sharon Reeves with NAI Horizon represented the landlord, Mutka Properties, LLC, in a 60.5-month retail lease with Lisa DeSanto for 1,338-square-feet at 10624 N. 71st Way, Scottsdale, AZ.

RETAIL – 5052 W. OLIVE AVE., GLENDALE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GC, LLC, in a 63-month retail lease for 1,200-square-feet at 5052 W. Olive Ave., Glendale, AZ. Jim Edwards with Rein & Grossoehme represented the tenant, Power Nutrition.

Submit sales and leases to REDailyNews@outlook.com




Two-Building Industrial Property in Phoenix Sells for $2.5 Million

43 N 48th AveChrisman Lock Chiang purchased 88,774-square-feet in two-building industrial buildings at 43 N. 48th Ave. in Phoenix, AZ to owner occupy. The all-cash transaction totaled $2.5 million ($28 PSF).

Jerry McCormick and Cooper Fratt of CBRE’s Phoenix office represented the seller, Atkinson Land Holdings LLC of Mesa, AZ. The buyer, Chrisman Lock Chiang, a La Habra, Calif.-based tool and manufacturing company, was represented by John Soldo and Leroy Breinholt of Commercial Properties Incorporated in Tempe, Ariz.

“This sale is another excellent sign that manufacturing users are becoming more active in Phoenix,” said CBRE’s McCormick. “This is also another indication of those companies leaving California for locations in Arizona.”

Located in the southwest valley submarket, the industrial property sits on a four-acre lot. Comprised of two buildings (totaling 56,274-square-feet and 32,500-square-feet each), the 88,774 square-foot complex features 2,434 square feet of office space and clear heights of 18-24 feet. The property was 100% vacant at time of sale. The new owner/user is currently making improvements to the property prior to occupancy.

McCormick should be contacted at (602) 735-5265 and Fratt can be reached at (602) 735-5555. Soldo and Breinholt are at (480) 966-2301.