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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.

azbigmedia.com

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.

azbigmedia.com

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

bizjournals.com

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

azbigmedia.com

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.

businesswire.com

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

Found on www.CooperCardinal.com, 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.

coopercardinal.com