SCOTTSDALE, AZ –  A 35,077-square-foot manufacturing building at 15550 N. 78th St., Scottsdale in the Scottsdale Airpark sold recently for $3.91 million  ($111.47 PSF).

Lee & Associates Principal Steve Farrell represented the buyer, MBBE AZ, LLC, Scottsdale while Lee Principals Stein Koss, Tom Louer and Associate Nick Nudo represented the seller, Industrial Electric Wire & Cable, Inc., Scottsdale.

MBBE AZ, LLC will be entering into a lease with Drivers Club, a membership based community of automotive enthusiasts where members are offered a full range of services including collection management, programmed events, entertainment offerings, and automobile storage — all in a modern, conditioned, secure, and convenient location. The Scottsdale location will open in Fall 2017 after an extensive $2.5M renovation. Drivers Club Seattle will open March of 2018 with ground breaking to commence this June.

Built in 1995, the freestanding building sits on 2 acres with proximity to the Loop 101 Pima Freeway, Scottsdale Airpark runway and to nearby luxury retail locations such as Kierland Commons, Scottsdale Quarter and The Promenade.

For more information, Farrell can be reached at 602.954.3746, Koss is at 602.912.3520, call Louer at 602.954.3779, and Nudo can be contacted at 602.954.3773.

Apogee Physicians to Occupy Entire Top Floor of New Mixed-Use Tower ‘Block M’

Phoenix, Ariz. – Glimcher Realty Trust and CBRE are pleased to announce the first office lease for Scottsdale Quarter’s new ±170,000 SF Class A, mixed-use building in North Scottsdale, Ariz. Located at the southeast corner of the high-end lifestyle center, the new, six-story tower will be the new home of Phoenix-based hospitalist group Apogee Physicians’ corporate headquarters.

Vince Femiano with CBRE’s Phoenix office represented Apogee Physicians in negotiating the ±27,727 square-foot, long-term lease. CBRE’s Brad Anderson and Michael Strittmatter represented the landlord and developer, Glimcher Realty Trust.

“Scottsdale Quarter is the most exciting development that I remember in 20 years of living in Arizona,” said Michael W. Gregory, M.D., CEO of Apogee Physicians. “World class shopping, dining and amenities, combined with the premier office space in Scottsdale promises our people the very best environment to pursue our dream of making lives better for our patients.”

This lease marks an expansion for Apogee Physicians, currently headquartered in the Camelback Corridor, as they plan for future growth. Founded in 2002 as a nine-physician group, Apogee is now comprised of more than 750 physicians, nurse practitioners and physician assistants.

“We are pleased to welcome Apogee to the great mix of Scottsdale Quarter tenants, especially so early in our construction cycle. We commend Dr. Gregory and the Apogee team for what they have built and look forward to this new relationship,” said Marshall A. Loeb, president and chief operating officer for Glimcher.

Glimcher Realty Trust broke ground on Block M at Scottsdale Quarter in late summer. The new tower will feature premier office space, above ground-floor retail plus an additional parking garage for both tenants and visitors. IBEX Construction out of New York City has been selected as the general contractor for the new building. American Girl has already been announced as the anchor retail tenant, which will occupy 12,000 square feet for their experiential store. This will be the first American Girl store in the state of Arizona. The tower is expected to deliver in the summer of 2015.

Existing office space in the center is nearly 100% leased as momentum at the property continues. In May, Starwood Hotels & Resorts, another premier office tenant at Scottsdale Quarter, expanded to more than 67,000 square feet.

“Apogee’s commitment to the Quarter is another great example of the trend towards employers seeking a unique urban “lifestyle” office experience,” said Anderson.

Scottsdale Quarter, which sits on 28 acres at the southeast corner of Scottsdale Road and the Greenway-Hayden Loop, includes 370,000 square feet of upscale retail, restaurant and entertainment options and 203,000 square feet of class A office space. The new six-story building will feature contemporary architecture perfectly integrated into the project, with high ceilings and breathtaking views of the surrounding mountains.

Following the development of the south parcel, Scottsdale Quarter will be a 1.2 million square foot lifestyle center offering a premier, experience-centered environment. The addition of the luxury residential component of Crescent Scottsdale Quarter, combined with the existing upscale retail amenities, provides office tenants a premium, all-inclusive environment.

Developed by Glimcher Realty Trust, Scottsdale Quarter features an array of restaurants and specialty and fashion retailers, including Restoration Hardware, SuitSupply, Intermix, iPic Theaters, NIKE, Dominick’s Steakhouse, Free People, CALYPSO St. Barth, H&M, Apple Store, Eddie V’s Prime Seafood, Zinburger and True Food Kitchen. Scottsdale Quarter is also home to other prominent office tenants, including Maracay Homes, iCrossing, Cities West Publishing Inc. and Superior Home Services.

Tower will feature ±140,000 square feet of new Class A office

Phoenix, Ariz. – Glimcher Realty Trust has broken ground on Block M at Scottsdale Quarter, a six-story, approximately ±170,000 SF Class A, mixed-use building in North Scottsdale, Ariz. Located at the southeast corner of the high-end lifestyle center, the new tower will feature premier office space, above ground-floor retail plus an additional parking garage for both tenants and visitors. The tower is expected to deliver in the summer of 2015.

Glimcher has partnered with Brad Anderson and Mike Strittmatter at CBRE to market the new office space. IBEX Construction out of New York City has been selected as the general contractor for the new building. American Girl has already been announced as the anchor retail tenant, which will occupy 12,000 square feet for their experiential store. This will be the first American Girl store in the state of Arizona.

“We are extremely pleased to continue development of phase three at Scottsdale Quarter with the groundbreaking of Block M,” said Marshall A. Loeb, president and chief operating officer for Glimcher. “Demand for space at The Quarter continues to be high further signifying the center’s appeal for businesses looking for a vibrant, upscale office environment.”

Existing office space in the center is nearly 100% leased as momentum at the property continues. In May, Starwood Hotels & Resorts, a premier office tenant at Scottsdale Quarter, expanded to more than 67,000 square feet.

Following the development of the south parcel, Scottsdale Quarter will be a 1.2 million square foot lifestyle center offering a premier, experience-centered environment. The addition of the luxury residential component of Crescent Scottsdale Quarter, combined with the existing upscale retail amenities, provides office tenants a premium, all-inclusive environment.

Scottsdale Quarter, which sits on 28 acres at the southeast corner of Scottsdale Road and the Greenway-Hayden Loop, includes 370,000 square feet of upscale retail, restaurant and entertainment options and 203,000 square feet of class A office space. The new six-story building will feature contemporary architecture perfectly integrated into the project, with high ceilings and breathtaking views of the surrounding mountains.

“Leasing activity on the building is very strong considering how early we are in the construction process,” said CBRE’s Anderson.

Developed by Glimcher Realty Trust, Scottsdale Quarter features an array of restaurants and specialty and fashion retailers, including Restoration Hardware, SuitSupply, Intermix, iPic Theaters, NIKE, Dominick’s Steakhouse, Free People, CALYPSO St. Barth, H&M, Apple Store, Eddie V’s Prime Seafood, Zinburger and True Food Kitchen. Scottsdale Quarter is also home to other prominent office tenants, including Maracay Homes, iCrossing, Cities West Publishing Inc. and Superior Home Services.

To learn more Brad Anderson can be reached at (602) 735.1713 and Mike Strittmatter is at (602) 735.1713.