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CREReport | Phoenix for August 19, 2014
    

Valley Partnership Hosts ‘Scottsdale: The West’s Most Developable Town!’

Aug. 22, 2014 at 7:00A - 9:00A

Phoenix Country Club (2901 N 7th St, Phoenix)

Join Valley Partnership as we hear from the experts about the current real estate conditions in Scottsdale and the future opportunities for your business.

Featuring: Danielle Casey, Jim Keeley, Jonathan Keyser, Scottsdale Mayor W.J. “Jim” Lane

Valley Partnership

MCDOT Northern Parkway Program: Public Input Meeting

Map of planned Northern Parkway improvements Northern Parkway Program

(mcdot.maricopa.gov)

Aug. 20, 2014 | 5:00P - 7:00P

Luke Elementary School (7300 N Dysart Rd)

Maricopa County Department of Transportation is conducting a public meeting to gather feedback about the preliminary design plans for the future Northern Parkway Program improvements planned between Sarival Ave and 67th Ave in West Valley.

MCDOT

Pulte Homes’ Plans to Develop 250 Homes... Pending HMO and City Cooperation

Photo of dried hardpan at closed Phoenix golf club, Lakes Golf Course Photo by SAVE THE LAKES

Ahwatukee (South Phoenix) - Pulte Homes is in the process of soliciting 51% of the neighborhood approval to put plans for 250 residential homes in front of the City of Phoenix council. The homes would be built on the currently closed Lakes Golf Course. The fledgling effort has a few hurdles to clear to become reality.

Opposition is being organized by a citizens group, SAVE THE LAKES.

ahwatukee.com

Pizza Five85 Opening at Ray Rd & I-10 in Chandler

New pizza joint Pizza Five85 is opening at SEC Ray Rd & I-10, Chander, on Aug. 22 (2,434 SF). This is the chain’s first location in Metro Phoenix. Two additional locations in Avondale and Glendale will open in the coming months. The chain plans to open a total of 10 valley locations.

Phoenix Business Journal

Chandler Viridian New Zoning Ordinances Could Bring Down Chandler Elevation

Google Streetview of failed project, Chandler Elevation Chandler Elevation

(maps.google.com)

Chandler City Council approved zoning ordinances for Chandler Viridian, a $150M mixed-use project next to Chandler Fashion Center.

Elevation Chandler, a failed hotel-residential project, occupies a 10.55 acre parcel included in the site. Pending a successful development agreement between Hines Interests Limited Partnership with the city and all parties involved, the long-standing frame of the failed property would be razed.

azcentral.com

Loop 303 Connected To I-10 For The First Time

In Goodyear, I-10 and Loop 303 are now connected. Additional ramps at the interchange will open in Sept. 2014.

azcentral.com

Humana Leases 79,000 SF in Tempe

Humana, a leading provider of health care coverage and business services, leased 78,996 square feet at 7825 S. Hardy Dr. in Tempe, AZ.

costar.com

$6.78M Sale-Leaseback Deal Near Metrocenter Mall in Phoenix

Google Streetview of former Toys-R-Us location at NWC I-17 and Dunlap Rd Former Toys-R-Us at I-17 & Dunlap Rd (maps.google.com)

In a sale-leaseback transaction, STORE Capital acquired a 44,370 SF freestanding building at NWC I-17 & Dunlap Rd, Phoenix (former Toys-R-Us location), from Conn’s Inc. for $6.78M. Conn’s executed a 30-year leaseback.

Vizzda News

Surprise Retail Center Sells for $12.5M

Kulwant Sarai’s Imman Enterprises LLC acquired Marley Park Plaza, SEC N Reems Rd & W Waddell Rd, Surprise, for $11.7M plus $750,000 for an adjoining parcel (77,500 SF). The buyer plans to build an additional 16,700 SF of retail space.

Representing the buyer: Cardon Commercial’s Nathan Cardon and Jack Cardon.

Representing the seller (Donahue Schriber): Cassidy Turely’s Michael Hackett and Ryan Schubert.

bizjournals.com

Anixter International Leases 63K SF Office Space Near Phoenix Sky Harbor

Anixter International leased 63,000 SF of office space at Airport I-10 Business Park (NWC 24th St & Rio Salado Parkway, Phoenix).

CBRE’s John Werstler, Jerry McCormick and Cooper Fratt represented the tenant, Anixter. JLL’s Pat Harlan, Steve Sayre and Kyle Westfall represented the landlord, Wentworth Property Company / Clarion Partners.

REBusiness

Mixed-Use Project Proposed Near N Scottsdale Rd & Loop 101

Artist rendering of mixed-use project in N Scottsdale Artist rendering of mixed-use project in N Scottsdale

Kimley-Horn submitted plans for development of a +/-19,000 SF mixed-use project in North Scottsdale.

Scottsdale AZ

Plans Submitted for Gas Station at 124th St & Shea Blvd in Scottsdale

Shea 124th Investments is seeking approval to build Safeway #2032 Fuel Center at 124th St & Shea Blvd, Scottsdale, AZ.

Note: Application is filed in conjuction with two other requests. While the subject property is identified as NEC 124th St & Shea Blvd, the plans indicate the address as 10773 N Scottsdale Rd (6.6 miles east).

Scottsdale AZ

Glimcher Breaks Ground on Scottsdale Quarter

Glimcher Realty Trust has broken ground on Block M at Scottsdale Quarter, a six-story, approximately 170,000-square-foot class A, mixed-use building in North Scottsdale.

globest.com