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CREReport | Phoenix for December 22, 2014
    

CREReport | Phoenix

Commercial Real Estate Report for December 22, 2014

Top Stories from Friday, Dec. 19

• 29th Street Capital Acquires Sierra Madre Apartments and The Brittany in Mesa

• BH Properties Acquires Plaza at Squaw Peak in Phoenix for $25M

• Propak Logistics Leases 48.7K SF of Industrial Space in Phoenix

• EverWest and CenterSquare Acquire Madison Square in Phoenix for $21.95M

crereport.co

New Construction at Pavilions at Talking Stick

De Rito Partners announced that two new businesses are building a combined total of 9,200 square feet of retail space at Pavilions at Talking Stick, NEC Pima Rd & Indian Bend Rd in Central Scottsdale.

• Auto Zone: 6,200 SF - scheduled to open mid-summer 2015

• Popeyes: 3,000 SF - scheduled to open late spring 2015

derito.com

Clear Sky Capital Acquires South Scottsdale Car Wash for $3.8M

Clear Sky Capital Inc. purchased a 3,075 square-foot car wash located at NEC Scottsdale Rd & McKellips Rd in South Scottsdale from Quick N Clean XIX LLC for $3.8M.

costar.com

PAM Real Estate Group Acquires Solaire on Scottsdale in Tempe for $12.4M

Details are light but...

Transwestern announced that Solaire on Scottsdale, a 124-unit apartment complex located at SWC Scottsdale Rd & McKellips Rd in Tempe, sold for $12.4M to PAM Real Estate Group.

cem-az.com

Dual Diagnosis Treatment Center Leases 10.7K SF of Office Space at Chandler Center Commons

Dual Diagnosis Treatment Center Inc. entered into a 10-year, 10,654 square-feet of office space at Chandler Center Commons, E/NEC Kyrene Rd & Chandler Blvd in Chandler, from Chandler Commerce Center, LLC.

Voit’s Mike Knapp represented the tenant, Dual Diagnosis Treatment Center Inc.

voitco.com

DriveTime and GO Financial Lease Combined 107.5K SF of Office Space at Superstition Commerce Park in Mesa

DriveTime and GO Financial leased a combined 107,500 square-feet of office space at Superstition Commerce Park located at NW/NWC Sossman Rd & US-60 in Mesa.

The affiliated companies are leasing neighboring buildings:

• DriveTime - 49,500 square feet at 7457 E Hampton Ave.

• GO Financial is relocating to a 58,000 square-foot space at 7465 E Hampton.

Related: On Oct. 3, Verde Investments acquired the property.

Verde Investments Acquires 107K SF Office-Industrial Property in East Valley for $8.8M

Mesa AZ

Town of Gilbert Features Interview with Brian Ellis on Rivulon

Screen capture from YouTube Video of interview with Brian Ellis, Nationwide Realty Investors Screen capture from YouTube Video

(Video) The Town of Gilbert interviewed Brian Ellis, President of Nationwide Realty Investors - developer of the 250-acre, mixed-use project at NEC Gilbert Rd & Loop 202.

youtube.com

ABI Multifamily: Third Quarter 2014 MSF Multifamily Report

Screen capture of a small part of ABI Multifamily‚Äôs Third Quarter Report (abimultifamily.com) Screen capture of a small part of ABI Multifamily’s Third Quarter Report (abimultifamily.com)

ABI Multifamily published their Phoenix MSA Multifamily 3Q 2014 report.

abimultifamily.com

Construction Concluding on Scottsdale Museum of the West

Scottsdale Museum of the West is scheduled to open January 15, 2015. The museum is located directly across the street from Arizona School of Real Estate and Business (W/NWC Scottsdale Rd & 1st St).

The City of Scottsdale promotes the museum as a major destination spot for visitors and tourists furthering the goal to augment the arts district.

Phoenix New Times

FUJIFILM Expanding Existing Mesa Facility

FUJIFILM is expanding their current facility located at N/NWC Mountain Rd & Pecos Rd in Mesa. The company is expanding operations to “take us to the next level of metrology and analytical capability at the Mesa, AZ site.”

Not a lot of details are available but it appears the company is expanding their clean room premises.

Mesa AZ

Plans for 15.5K SF Retail Project in North Scottsdale Scheduled for Review

The Scottsdale Development Review Board is scheduled to review plans for a 15,461 square-foot retail project located at NEC Scottsdale Rd & Chauncey Ln in North Scottsdale on January 15, 2015.

Official applicants: Kimley-Horn & Associates... though “Diversified Partners” appear on the site plans.

Scottsdale AZ