Sperry Van Ness Advisors reported closings of retail and office transactions totaling over $2 million this week.

RETAIL SALES:

First Credit Union North, located at 15505 N. Hayden Road in Scottsdale sold for $1,450,000. Erin Schrauth, Peter McQuaid and Greg Vanlerberghe represented the Seller, First Credit Union. Torrey Briegel of Phoenix Commercial Advisors represented the buyer, FFG Development, LLC.

Michael Gaida and Michael Franks represented the seller, Bernard Howard Realty, LLC, in the $445,000 sale of the 5,968 SF retail building located at 2829 E. Thomas Road in Phoenix. The buyer, EJG Investments, LLC was represented by Patrick Logue of Urban Group Realty, LLC.

OFFICE SALES:

Justin Horwitz represented the seller, SREF Warner Plaza Condo’s, LLC, in the $137,282 sale of a 1,654 SF office condo at Warner Plaza. Warner Plaza is located at 690 E. Warner Road, Suite 116 in Gilbert.

To learn more Erin Schrauth, Peter McQuaid, Greg Vanlerberghe, Michael Gaida, Michael Franks and Justin Horwitz can be reached through the Sperry Van Ness office at 480.425.5500

The following leases were reported during the week of July 14-18, 2014 for the Phoenix Lease Report:

RETAIL – 10801 W. GRAND AVE., SUN CITY, AZ
Judy Jones, Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented the tenant, Anthem RV & Boats, in a lease purchase transaction of 7,921-square-feet of retail space at 10801 W. Grand Avenue in Sun City.

RETAIL – 1055 S. ARIZONA AVE., CHANDLER, AZ
A lease for 5,029 square feet at San Tan North, located at 1055 S. Arizona Ave., Chandler, AZ to 2^nd Wind Exercise Equipment, Inc., was recently completed. The Landlord is Pacific Capital Management. This will be the seventh location for 2^nd Wind Exercise Equipment in the Phoenix metro area. Jake Ertle of Rein & Grossoehme Commercial Real Estate represents the Tenant. 2^nd Wind is actively looking for additional sites in the Arizona market.

RETAIL – 310 N. LITCHFIELD ROAD, GOODYEAR, AZ
Judy Jones, Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented the owner of a former JB’s Restaurant located at 310 N. Litchfield Road in Goodyear in the leasing of the 5,012-square-foot building to Eggs and More Restaurant. Chip Diamond of Diamond Properties represented the tenant.

OFFICE – 21321 E. OCOTILLO, QUEEN CREEK, AZ
Affinity Dental leased 4,058-square-feet of office space at 21321 E. Ocotillo in Queen Creek.  Justin Horwitz and Nicole Ridberg of Sperry Van Ness, LLC represented the tenant.

INDUSTRIAL – 13765 W. AUTO DRIVE, GOODYEAR, AZ
TriStar Engineering Management leased 3,742-square-feet of industrial space at Palm Valley Business Park, located at 13765 W. Auto Drive in Goodyear.  Michael Gaida of Sperry Van Ness, LLC represented the tenant.

RETAIL – 4910 W. RAY ROAD, CHANDLER, AZ
Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented JJ’s Restaurant Group to lease 3,663-square-feet of restaurant space at Chandler Sunset Plaza, located at 4910 W. Ray Road in Chandler. The restaurant will operate as Duke’s Tavern.  Brad Balboa of GDCRE represented the landlord.

RETAIL – 7125 E. SOUTHERN AVE., MESA, AZ.
Ryan Mojahed of Sperry Van Ness, LLC represented Copper State Construction to lease 3,106-square-feet of retail space at 7125 E. Southern Avenue in Mesa.

OFFICE – 3850 E. BASELINE RD., MESA, AZ
Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented the tenant, The Naegle Law Firm, PLC., to lease 2,681-square-feet at 3850 E. Baseline Road in Mesa.

RETAIL – 14880 N. NORTHSIGHT BLVD., SCOTTSDALE, AZ
Barbara McKenney of Sperry Van Ness, LLC represented the landlord at Northsight Village III to lease 2,608-square-feet to Impact Ultimate Wellness. The retail center is located at 14880 N. Northsight Blvd. in Scottsdale.

OFFICE – 10615 N. HAYDEN RD., SCOTTSDALE, AZ
A lease for 2,496-square-feet in Hayden Park office building to The SOAR Clinic was recently consummated. The location of the property is 10615 N. Hayden Rd. in Scottsdale, AZ.   The owner of the property is The Fuciarelli Group, LLC. Dan Casey of Rein & Grossoehme represented the tenant and Michael Waxman of LevRose Real Estate represented the owner.

OFFICE – 2133 E. WARNER ROAD, TEMPE, AZ
Justin Horwitz of Sperry Van Ness, LLC represented the landlord at Warner Century Plaza to lease 2,219-square-feet of office space to Clear Title Agency.  The office building is located at 2133 E. Warner Road in Tempe.  Perry Gabuzzi represented the tenant.

RETAIL – 1932 E. UNIVERSITY DRIVE, TEMPE, AZ
Sparky’s Shack leased 2,000-square-feet of retail space at Fort Knox Center, located at 1932 E. University Drive in Tempe. Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented the landlord in the lease transaction.  Dan Noma of Venture REI, LLC represented the tenant.

RETAIL – 12550 W. THUNDERBIRD RD., El MIRAGE, AZ
A lease for 2,000-square-feet at El Mirage Center 12550 W. Thunderbird Rd., El Mirage, AZ to William Corona’s Martial Arts School was recently consummated. The owner of the center is Max Taylor and Company, LLC. Jared Lively of Rein & Grossoehme represented the owner and tenant on this transaction

RETAIL – 4025 E. CHANDLER BLVD., PHOENIX, AZ
Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC.,represented Firehouse Subs to lease 1,832-square-feet at Plaza at Mountainside, located at 4025 E. Chandler Blvd., in Phoenix.  Dan Lupien of Kimco represented the landlord.

RETAIL – 785 W. WARNER RD., GILBERT, AZ
A lease for 1,800-square-feet at Cooper Marketplace, 785 W. Warner Rd., Gilbert, AZ to Medavia Martial Arts was recently consummated. The owner of the center is Cooper Marketplace, LLC. Jared Lively of Rein & Grossoehme represented the owner and tenant on this transaction.

RETAIL – 6336 E. MAIN ST., MESA, AZ
Erin Schrauth, Peter McQuaid and Greg Vanlerberghe of Sperry Van Ness, LLC represented the landlord at Main Street Shops in Mesa to lease 1,800-square-feet to AZ Gold Depot.  Main Street Shops is located at 6336 E. Main Street in Mesa.

RETAIL – SWC of SOUTHERN AVE. & McCLINTOCK RD., PHOENIX, AZ
A lease for 1,450-square-feet at Cooper Marketplace at SWC of Southern Ave & McClintock Road to Electric Haven Barber Shop was recently consummated. The owner of the center is Worrell Family Trust, LLC. Jared Lively of Rein & Grossoehme represented the owner and tenant on this transaction.

RETAIL – 67 S. HIGLEY RD., GILBERT, AZ
Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC., represented the landlord to lease1,403-square-feet of retail space at Lakeview Village to a Yogurt Shop.  Lakeview Village is located at 67 S. Higley Road in Gilbert.  Tyson Breinholt represented the tenant in the transaction.

RETAIL – 17220 N. 19^th PLACE, PHOENIX, AZ
Talk A Lot Wireless leased 1,094-square-feet of retail space at 17220 N. 19^th Place in Phoenix. Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented both parties in the lease transaction. This center is now fully leased!

OFFICE – 1660 S. ALMA SCHOOL ROAD, MESA, AZ
Also new to Fiesta Crossing, Excel Caregiver Training leased 646-square-feet of office space.  Beau Flahart, Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented both parties in the lease transaction.

OFFICE – 1660 S. ALMA SCHOOL ROAD, MESA, AZ
Borg Property Services leased 630-square-feet of office space at Fiesta Crossing, located at 1660 S. Alma School Road in Mesa.  Beau Flahart, Mary Ridberg and Rommie Mojahed of Sperry Van Ness, LLC represented both parties in the lease transaction.

Submit all sales and leases to [email protected].

LAND SALES:
Michael Gaida, Erin Schrauth, Greg Vanlerberghe and Peter McQuaid of Sperry Van Ness in Phoenix collectively represented the seller in the $1,175,000 ($2.64 PSF) sale of 10.2 acres of land at 107^th Avenue and Beardsley.  The Seller was RMG Real Estate Services. The buyer was Landvest Management and represented by Cassidy Turley.

Greg Vanlerberghe and Peter McQuaid of Sperry Van Ness in Phoenix represented the seller, Chandler Opportunity Development, LLC, in the sale of a 36,606 SF parcel of land located at the NEC of Dobson Road and Elliot Road in Chandler.  The buyer, CPG Dobson & Elliot Retail, LLC, paid $360,000 ($9.83 PSF) and was represented by Aaron Klusman of Camelback Realty Group. Dunkin Donuts is planned for this location.

OFFICE SALES:
Justin Horwitz and Nicole Ridberg of Sperry Van Ness in Phoenix represented the seller, Donald Wilson, in the sale of a 10,690 SF fully vacant freestanding office building located at 910 E. Osborn Road in Phoenix.  The all cash investor purchase by Knightly Living Trust closed within 45 days of initial list price and closed at a final sales price of $1,162,250 ($109 PSF) on December 30, 2013.

Justin Horwitz and Nicole Ridberg of Sperry Van Ness in Phoenix represented the seller in the $415,470 ($110 PSF) sale of Mirage Crossing  located at 105757 N. 114^th Street, Suite 107 in Scottsdale. The 3,777 SF office condo was purchased by Colorado North, LLC.

MULTIFAMILY:
Neil Sherman and Danny Lee of Sperry Van Ness in Phoenix represented the seller, Antonina Morawa, in the $1,216,000 ($32,000 per unit) sale of Heatherbrea Apartments, located at 6101 N 61^st Avenue in Glendale.  The 38 unit complex was purchased by Alfred P. Howell, Inc. and closed on January 8, 2014.

To reach Sperry Van Ness Commercial Real Estate Advisors contact 480.425.5501

Submit your sales and leases to [email protected]