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CREReport | Phoenix for November 21, 2014

CREReport | Phoenix

Commercial Real Estate Report for November 21, 2014

Geyser Development Acquires 37.4K SF Continental Plaza in Mesa for $1.6M

Geyser Development purchased Continental Plaza, a 37,400 square-foot retail center located at east of SEC Alma School Rd & University Dr in Mesa from Kodash, Inc. for $1,612,000.

Lee & Associates’ Jan Fincham and Pat Dempsey represented both the buyer, Geyser Development, and the seller, Kodash, Inc., in the transaction.

Lee & Associates (PDF)

First Industrial Realty Trust Acquires 220K SF at Mack Arrowhead in Peoria for $18.3M

First Industrial Realty Trust Inc. purchased three buildings totaling 220,324 square feet in the Mack Arrowhead industrial park located at N/NWC Loop 101 & Thunderbird Rd in Peoria from entities formed by The Mack Co. for $18.275M.

Jackson-Shaw and LaPour Partners Plan Acquire 11.5 Acres in Phoenix for $2.35M, Plan Industrial Project

Jackson-Shaw Co. and LaPour Partners purchased 11.5 acres at NWC 7th Ave & I-17 in Phoenix from Clinton Campbell Contractors Inc. for $2.35M.

In a joint venture, the two companies are planning to build a three-building, 177,750 square-foot industrial project at NWC 7th Ave & I-17 (Maricopa Fwy) in Phoenix.

Margaritaville Closing at Westgate City Center in Glendale

Margaritaville is closing its location at the Westgate Entertainment District, E/SEC Loop 101 & Glendale Ave in Glendale, by the end of 2014.

Jenette Bennett and Jason Jones Join Voit

Voit Real Estate Services has added Jenette Bennett and Jason Jones to their team as Vice Presidents.

Bennett and Jones will specialize in West Valley retail.