Press Release brought to you by NAI Horizon

NAI Horizon recent deals: sale of CVS, new Mill Avenue eatery

08/23/2017

PHOENIX, ARIZONA (August 23, 2017) – Recent transactions closed by NAI Horizon professionals in the Phoenix office.

Sale Transactions:

Barbara Lloyd and Lane Neville negotiated the sale of an 11,946-SF retail property leased to CVS, representing the buyer, Michael S. and Mary M. Cho Trust, for $4.444 million. The property is located at 2500 N. Dobson Rd., Chandler, AZ. Brad Richardson of Stan Johnson Companies represented the seller, Babytail III, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 5-acre mobile home property, representing the seller, Michael S. and Mary M. Cho Trust, for $4.05 million. The property is located at 1707 E. Apache Blvd., Tempe, AZ. Jeff Ferenz of Jeffrey Alan Adam, Inc., represented the buyer, 2075 Cottonwood Office, LLC.

Denise Nunez in partnership with Kris Wessel of NAI Martens negotiated the sale of a 93,610-SF self-storage property, representing the seller, R.D. Wood Revocable Trust & B.J. Wood Revocable Trust, for $3.85 million. The property is located at 3150 E. Reno Ave., Oklahoma City, OK. Adam Slovis of Slovis & Associates, LLC, represented the buyer, Tower Ventures CRE, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon negotiated the sale of a 5,735-SF property, representing the buyer, EPH 14, LLC, for $1.45 million. The property is located at 9455 E. Ironwood Square Dr., Scottsdale, AZ. Zak Kottler of Levrose Real Estate represented the seller, Layfield V, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 7,558-SF retail property, representing the buyer, GGR Holdings, Inc., for $1.3 million. The property is located at 4024 E. Guadalupe Rd., Gilbert, AZ. Judi Butterworth and Lacey Eyman of Orion Investment Real Estate represented the seller, Recker-Highland Corner, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 1-acre, build-to-suit property, representing the buyer, KJBD Properties, LLC, for $600,000. The property is located east of the SEC of Queen Creek Rd. and Power Road, Gilbert, AZ. Mike Ord of DL Slaughter represented the seller, LDR Queen Creek & Power, LLC. LGE is the general contractor and has already broken ground on the property.

Jeff Adams negotiated the sale of a 2,550-SF industrial property, representing the buyer, Falcon Airpark, LLC, for $350,000. The property is located at 460 E. Warner Road, Chandler, AZ.

Lease Transactions:

Patrick Anthon represented the tenant, Varsity Tavern, in a 120-month retail lease for 10,925 SF at 501 S. Mill Ave., Tempe, AZ. Brian Gast with Velocity Retail Group represented the landlord, Century Drive Investments, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 124-month lease for 25,700 SF at 4913 W. Bell Rd., Glendale, AZ. Tim Westfall and Ryan Maroney of Newmark Grubb Knight Frank represented the tenant, American Freight of Tennessee, LLC.

Richard Foss represented the landlord, Chong Im Cho, in a 62-month industrial lease for 13,430 SF at 211 W. Vaughn Dr., Tempe, AZ.

Jeff Adams represented the tenant, Source Direct Imports, LLC, in a long-term lease for 15,893 SF at 4750 S. 32nd St., Suite 101, Phoenix, AZ. Eric Bell, Mike Ciosek and Dylan Scott of Kidder Mathews represented the landlord, 32nd Street & Weir, LLC.

Matt Harper represented the tenant, IC Wheels, LLC, in a 37-month lease for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. Mark Lewis of Luke Land Realty represented the landlord, Grand Ave. Station, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, Nowrooz Limited Partnership, in a 39-month retail lease with Scorpion CrossFit for 3,796 SF at 155 E. Ray Rd., Suites 4, 5, and 6, Chandler, AZ.

Tyler Smith represented the landlord, Surprise Mountain, LLC, in a 38-month office lease for 1,477 SF at 14780 W. Mountain View Blvd., Surprise, AZ. Megan McNulty of Morrow Hill represented the tenant, Fairway Independent Mortgage Corporation.

Jeff Adams represented the tenant, Two Three Media, LLC, in a 3+ years industrial lease for 145 E. Comstock Drive, Chandler, AZ. Jackie Orcutt and Jeffrey Wentworth of CBRE represented the landlord, BKM AZ Corp 108, LLC.

Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 1,904 SF at 2403 N. Pebblecreek Parkway, Goodyear, AZ. Hani Aldulaimi of KW Commercial represented the landlord, Sacred Spaces, LLC.

Richard Foss represented the landlord, Andre Horga, in a 26-month lease for 5,675 SF at 1334 E. Van Buren St., Phoenix, AZ.

Matt Harper represented the landlord, Zhang Family Trust, in a 40-month retail lease for 1,188 SF at 2850 N. 107th Ave., Avondale, AZ. Erick Salcido of US Preferred Real Estate represented the tenant, Johnny’s Barbershop, LLC.

Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease for 3,720 SF at 9501 W. Peoria Ave, Suites 108-110, Peoria, AZ.

Matt Harper represented the landlord, Puchhi, Inc., in a 13-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Suite 105 and 106, Peoria, AZ.

PHOTO CAPTION: The $4.444 million acquisition of the CVS Pharmacy at the NEC of Warner and Dobson roads in Chandler, Arizona, was part of a 1031 Exchange.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson.  NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.

NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit: www.naiglobal.com.  

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