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Sale of Phoenix retail center for $14M; trio of Valley land sales for $4.7M highlight recent deals by NAI Horizon

01/15/2019

PHOENIX, ARIZONA (January 15, 2019) – The $14 million investment acquisition of Deer Valley Center in Phoenix and three land sales around the Valley totaling approximately $4.7 million highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:

Lane Neville, Barbara Lloyd and Logan Crum negotiated the sale of a retail property, representing the buyer, 29 Bell, LLC, for $14 million. The property is located at 4123-4273 W. Thunderbird Rd., Phoenix, AZ. NAI Capital represented the seller, Deer Valley Center, LLC.

Lane Neville and Barbara Lloyd negotiated the sale of a 2.52-acre land parcel, representing the seller, Gilbert Growth Properties, LLC, for $1.937 million. The property is located at the SWC of Pecos & Market Street, Gilbert, AZ. Velocity Retail Group represented the buyer, Barkan Brothers and Friends, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, Patrick Anthon and Horth Hong negotiated the sale of a 4.16-acre land parcel, representing the seller, United Group, LLC, for $1.7 million. The property is located at 706 & 724 E. Southern Ave., Phoenix, AZ.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of a 54,993 SF land parcel, representing the seller, The Market at Estrella Falls, LLC, for $1.05 million. The property is located at 1600 N. Pebble Creek Parkway, Goodyear, AZ. Max Bippus with CBRE represented the buyer, Navy Federal Credit Union.

Laurel Lewis, Barbara Lloyd and Lane Neville negotiated the sale of a 4,051 SF office property, representing the seller Troon, LLC, for $268,141.50. The property is located at 10031 E. Dynamite Blvd., Building E, Scottsdale, AZ. Danny Mikhail with D.E.N. Development Group represented the buyer, M Brothers Troon, LLC.

Laurel Lewis, Barbara Lloyd and Lane Neville negotiated the sale of a 1,931 SF office property, representing the seller, Troon, LLC, for $140,963. The property is located at 10031 E. Dynamite Blvd., Building E, Scottsdale, AZ. Dan Nickles with HomeSmart represented the buyer, Argyle First Realty, LLC.

Lease Transactions:

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CC Fund I Northern, LLC, in an 84-month retail lease for 3,000 SF at 9494 W. Northern Ave., Peoria, AZ. Greg Saltz with GPS Advisors represented the tenant, ATI Holdings of Arizona, LLC.

Kevin Higgins represented the tenant, AllStaff Services, in a 63-month office lease for 4,499 SF at 340 E. Palm Lane, Phoenix, 85004. Lindsey Carlson with Colliers International represented the landlord, Brookstone Office Complex, LLC.

Laurel Lewis represented the tenant, MTI America, Inc., in a 50-month office lease for 2,771 SF at 1711 W. Greentree Dr., Tempe, AZ.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 60-month retail lease for 1,700 SF at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ. The property was leased to Schmear bagels.

Matt Harper represented the landlord, E Espino Investments, LLC, in a 60-month retail lease for 5,688 SF at 2647 W. Glendale Ave., Phoenix, AZ.

Mark Wilcke represented the landlord, Native Arizonan Acquisitions IX, LLC, in a 36-month retail lease for 966 SF at 331 E. Chandler Blvd., Chandler, AZ.

Tyler Smith, Joe Pequeno and Troy Giammarco represented the tenant, OMNI Bioceutical Innovations, Inc., in a 39-month industrial lease for 3,227 SF at 7855 E. Evans Rd., Scottsdale, AZ. Mike Kane with Colliers International represented the landlord, Rainbow J Corporation.

 

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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NAI Horizon

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