PHOENIX, AZ – As part of its mission to connect professionals from diverse practices, backgrounds and expertise, NAIOP expands its reach in commercial real estate.

Known primarily as the industry group for office and industrial professionals, NAIOP is strengthening its brand by including other property types such as retail, multi-family, mixed-use and medical.

NAIOP Arizona recently sponsored a gathering of key local stakeholders to discuss the rebranding effort and the inclusion of other sectors, some of which have their own industry group.

“There is definitely a growing trend towards interdependence between product types and getting all of the disciplines collaborating will help improve design and functionality of commercial real estate in the future,” said Ed Beeh, Executive Vice President and Market Leader for SRS Real Estate Partners. “I believe it’s a good idea that NAIOP is expanding its reach into these other disciplines.”

Benefits could be the possibility of NAIOP Arizona expanding its awards program (Best of NAIOP) to include retail categories and adding a more robust educational dimension to meet retailer networking needs.

“The importance of the retail sector can be measured by its re-emergence after the Great Recession, focusing on the new ‘urbanism’ of retail, infill development and adaptive reuse strategies,” said Rick Hearn, Vice President of Leasing at Vestar. “This gives NAIOP the opportunity to now become more encompassing to all commercial real estate disciplines.”

Tim Lawless, President of NAIOP Arizona, said the chapter is pleased to now represent a broader swath of the commercial real estate industry.

“We will do our best to expand our programming and public policy advocacy to meet their needs,” Lawless said.

PHOENIX, AZ – SRS brokers represented CVS Pharmacy in the acquisition of the 8,691-square-foot former Carlos O’Brien Restaurant located on a 1.64-acre parcel at 7111 East Bell Road, in Scottsdale, Ariz. The building is located west of the southwest corner of Bell and Scottsdale Roads and will be razed for redevelopment. CVS plans to build a prototypical pharmacy with a drive thru at the location. CVS Pharmacy is the retail division of CVS Health a pharmacy innovation company with 7,800 retail pharmacies and more than 900 walk-in medical clinics.

Ed Beeh and Chuck Gibson with SRS represented the buyer, German Dobson CVS LLC, in the transaction.

To learn more Beeh can be contacted at 602.682.6040 and Gibson should be reached at 602.682.6035. For more information on SRS Real Estate Partners, please visit www.srsre.com

Commit to Supporting Organization Through 2016

PHOENIX –SRS Real Estate Partners (SRS) and Cypress Equities (Cypress) contributed more than $24,000 to the Alzheimer’s Association in the past 12 months. Both companies have committed to supporting the Alzheimer’s Association through 2016, and recently kicked off 2015 with two events benefitting the organization.

SRS and Cypress worked together in 2014 to bring awareness of Alzheimer’s disease to team members through education sessions and fundraising efforts. Several of the offices participated in their local Walk to End Alzheimer’s event. The SRS Phoenix office earned enough funds to be the highest earning team in the area, and Phoenix team member, Ed Beeh, was the highest earning individual in Phoenix. Leading up to the events, SRS and Cypress offices nationwide raised 132 percent of their stated goal, raising a combined $22,500.

Additionally, SRS and Cypress kicked off their charitable giving for 2015 at a company-wide gathering in Phoenix, Ariz., the week of February 2. The Phoenix-area Alzheimer’s Association spoke to the group about fundraising for 2015, and all attendees participated in two events benefitting the Alzheimer’s Association. A mini-golf tournament and a team boat building and race competition both gave team members the chance to contribute towards fundraising goals. The two events combined raised an additional $2,000.

SRS and Cypress will continue to spread awareness of Alzheimer’s through additional education programs and fundraising opportunities for team members throughout the year and look forward to increasing their contributions and participation.

SRS is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com

Cypress Equities (Cypress) was founded in 1995, by Chris Maguire and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 18 million square feet and currently is developing and managing a portfolio of more than 9.4 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), Chicago, New York, San Francisco, Atlanta, and Fort Lauderdale. Visit www.cypressequities.com for more information.