Press Release brought to you by NAI Horizon

Trio of office sales totaling $2.4M highlight recent transactions by NAI Horizon professionals

03/27/2019

PHOENIX, ARIZONA (March 27, 2019) – Three office sales in the Valley totaling approximately $2.4 million – two in Phoenix and one in Surprise – highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:

Troy Giammarco, Tyler Smith and Joe Pequeno negotiated the sale of an office property, representing the seller, Pisa Properties Sixteenth, LLC, for $1.475 million. The property is located at 5829 N. 7th St., Phoenix, AZ. Ortega Ault with Colliers International represented the buyer, Avalon Bethany, LLC.

Tyler Smith, Joe Pequeno and Troy Giammarco negotiated the sale of an office property, representing the buyer, Kevin O’Coner, for $505,115. The property is located at 4737 E. Cholla St., Phoenix, AZ. Michael Waxman with Levrose Commercial Real Estate represented the seller, Cholla Estates, LLC.

Tyler Smith negotiated the sale of an office property, representing the seller, WAM Surprise Limited Partnership, for $411,432. The property is located at 12647 W. Smokey Drive, Surprise, AZ. Rich Andrus with the Menlo Group represented the buyer, RBPSMILE Enterprises, LLC.

Troy Giammarco and Mark Wilcke negotiated the sale of a property, representing the seller, Peoria Commercial Holdings, LLC, for $360,000. The property is located at 10708 N. 96th Ave., Peoria, AZ. The buyer, Serving God by Serving Others, represented itself.

Michael Gaida negotiated the sale of a 110-year-old specialty machining business, representing the seller, Valley Machine Works. The business is located at 701 W. Jackson St., Phoenix, AZ. Ian Turner with Sperry Commercial Global Affiliates represented the buyer, Tyler and Tricia Williams.

Matt Harper, CCIM, negotiated the sale of a land parcel, representing the seller, Mohammed Ali, for $240,000. The property is located at the SWC of 67th Avenue and Montebello Avenue. The buyer, SWC 67th Avenue & Montebello, represented itself.

Lease Transactions:

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Peddlers Mall, LLC, in a 63-month retail lease for 14,000 SF at 185 W. Apache Trail, Apache Junction, AZ. Brian Gausden with Western Retail Advisors represented the landlord, SimonCRE Lodgepole, LLC.

Matt Harper, CCIM, represented the landlord, GGR Holdings, Inc., in a 126-month retail lease for 2,841 SF at 4024 E. Guadalupe Road, Gilbert, AZ. Mark Haslip with the Menlo Group represented the tenant, Cattron’s DMD, PLLC.

Jeff Adams represented the tenant, Big City Insulation, Inc., in a 36-month industrial lease for 19,846 SF at 2316-2328 W. Huntington Drive, Tempe, AZ. Matt McDougall & Chris McClurg with Lee & Associates represented the landlord, Highland Associates, LLC.

Laurel Lewis represented the tenant, Adopt Technologies, in a 38-month office lease for 4,605 SF at 7500 N. Dreamy Draw Drive, Phoenix, AZ. Greg McMillian with Cushman & Wakefield represented the landlord, BH Squaw Peak, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Philly’s on Elliot, LLC, in a 63-month retail lease for 3,300 SF at 1805 E. Elliot Road, Tempe, AZ. The landlord, Pollack Royal Palm Plaza, LLC, represented itself.

Tom Bean, CCIM, and Jay Mininberg, J.D. represented the landlord, Tempe CC, LLC, in a 48-month office lease for 3,333 SF at 4515 S. McClintock Drive, Tempe, AZ. Dominic Perry with Avison Young represented the tenant, GoTechNow.com, LLC.

Matt Harper, CCIM, represented the landlord, The Shops at Phoenix, LLC, in a 64-month retail lease for 1,490 SF at 6170 S. 51st Ave., Laveen, AZ. Bryan Mortenson with LRA represented the tenant, Arizona Foot and Ankle Medical Center, LLC.

Matt Harper, CCIM, represented the landlord, the Chahoud Family Trust, in a 60-month retail lease for 1,436 SF at 2829 E. University Drive, Mesa, AZ. The tenant, Misty Virgil, represented itself.

Barbara Lloyd and Tom Bean, CCIM, represented the landlord, Tempe CC, LLC, in a 36-month office lease for 1,142 SF at 4515 S. McClintock Drive, Tempe, AZ. The tenant, AmeriLife of Arizona, LLC, represented itself.

Matt Harper, CCIM, represented the landlord, Robert & Arlene Thatcher, in a 39-month retail lease for 1,550 SF at 4740 W. Glendale Ave., Glendale, AZ. Erin Schrauth with Strategic Retail Group represented the tenant, Boost Mobile.

Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 60-month retail lease for 1,040 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Regal Laundries & Management, LLC, represented itself.

Dylan Whitwer and Logan Crum represented the tenant, Wall Agency, Farmers Insurance, in a 36-month office lease for 833 SF at 12600 N. 113th Ave., Youngtown, AZ. Scot Hall with Wolf Realty, Inc. represented the landlord, GEM Capital Management, LLC.

Matt Harper, CCIM, represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 1,000 SF at 1241 E. Broadway Road, Mesa, AZ. The tenant, Escuela de Musica Jireh, LLC, represented itself.

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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