Strict Standards: Declaration of JMail::addAttachment() should be compatible with PHPMailer::addAttachment($path, $name = '', $encoding = 'base64', $type = '', $disposition = 'attachment') in /home1/madbulld/public_html/sites/zemmez/plugins/system/mandrill/mailer/mail.php on line 43
CREReport | Phoenix for November 11, 2014

CREReport | Phoenix

Commercial Real Estate Report for November 11, 2014

HFF Acquires 140K SF Normal Junction Distribution Center in Tempe for $12.5M

Holliday Fenoglio Fowler (HFF) purchased Normal Junction Distribution Center, a 140,314 square-foot industrial property at E/NEC McClintock Dr & Broadway Rd in Tempe, for $12.452M. (Seller undisclosed.)

HFF was self-represented with Ryan Martin and Anthony J. Brent brokering the deal.

Cooper, Cardinal and Company Announce Sale of 26-Unit Mountain View Apartments in Central Phoenix for $800K

Cooper, Cardinal and Company announced the successful sale of Mountain View Apartments, a 26-unit multifamily property at S/SEC 17th Ave & Mountain View Rd in Central Phoenix, for $800,000. (Buyer and seller are undisclosed.)

Gary R. Cooper and Jack A. Cardinal represented the seller in the transaction.

45K SF Retail Property Occupied by LA Fitness in Goodyear Sells for $12M

A private family trust purchased a 45,000 square-foot retail property occupied by LA Fitness at SW/SWC Cotton Ln & Yuma Rd in Goodyear from DTD - Devco 9, LLC for $12M.

Republic Commercial Real Estate represented the buyer (undisclosed).

Faris Lee Investments’ Chris Tramontano, Patrick Luther and Matthew Mousavi represented the seller, DTD - Devco 9, LLC.

Alex Done Deals

Talon Test Labs Acquires 24.6K SF Industrial Property in Chandler for $1.7M

Talon Test Labs purchased a +/-24,565 square-foot industrial property at NW/NWC Kyrene Rd & Chandler Blvd in Chandler from 228-32 W 42nd St Realty Corp. for $1.7M.

Commercial Properties Inc.’s Jeff Hays, Chad Neppl and Ryan Steele represented the buyer, Talon Test Labs.

Cushman & Wakefield’s Jim Wilson and Brian Feist represented the seller, 228-32 W 42nd St Realty Corp.

Commercial Properties Inc.

State Trailer RV Opening 60K SF Store in Peoria Town Center

News of State Trailer RV & Outdoor Supply acquiring 173,000 square-foot retail center, Peoria Town Center located at NEC 83rd Ave & Grand Ave (US-60) in Peoria, broke back in October.

The company plans to use 60,000 square feet of the space to open a RV parts and accessory store.

Related: “Ray Hult Acquires a Blended 173K SF of Retail Space in West Valley for $3.9M

Matthew Cummings, Rick Osselaer, Harris Wilber Join Keyser

Keyser announced three new additions to their team:

• Matthew Cummings, formerly at Mohr Partners

• Rick Osselaer, formerly at a local boutique tenant rep. firm

• Harris Wilbur, previously an intern at Keyser

Kimberly Jarrett-Kann Joins DTZ

DTZ, a leading global property services firm, has announced that Kimberly Jarrett-Kann has been named Director of Business Development, West Region, covering Arizona, Southern California, Nevada, Utah and Colorado. Working out of Phoenix, Ms. Jarrett-Kann draws on her extensive facilities management, client relations and operations expertise to expand DTZ’s Global Occupier Services businesses throughout the West Region.

Cooper Cardinal Sells 21-Unit Casablanca Paso in North Phoenix for $750K

Found on, Cooper Cardinal and Company announced the successful sale of Casablanca Paso, a 21-unit multifamily property at N/NEC I-17 & Thomas Rd in Central Phoenix, for $750,000. No other details are available.