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CREReport | Phoenix for October 15, 2014

CREReport | Phoenix

Commercial Real Estate Report for October 15, 2014

Rockefeller Group Completes Construction on 82K SF Flex-Office Building on Chandler Corporate Center Campus

The Rockefeller Group announced the company has completed construction of a 82,000 square-foot Class A flex-office building on the Chandler Corporate Center campus located at W/NWC McClintock Dr & Chandler Blvd.

Rockefeller Group

Helix Acquires 40-Acre Industrial Property in Tolleson for $12.75M

Helix Capital purchased a 40-acre industrial property at 94th Ave & Buckeye Rd in Tolleson from Pratte Buckeye Property LLC for $12.75M.

Estates at North Mountain LLC Acquires 128-Unit Multifamily Property in Central Phoenix for $3.6M

Estates at North Mountain, LLC purchased Estates at North Mountain, a 128-unit multifamily property located at S/SWC 19th Ave & Cactus Rd in Central Phoenix from GLZ Holdings, LLLP for $3.625M.

CBRE’s Brian Smuckler and Jeff Seaman represented both the buyer, Estates at North Mountain, LLC, and seller, GLZ Holdings, LLLP.


D&F Properties Acquires 10K SF Industrial Building in Gilbert for $960K

D&F Properties, LLC purchased a 10,366 square-foot industrial warehouse located at E/NEC McQueen Rd & Guadalupe Rd in Gilbert from Lorenzo M Contreras Family Trust for $960,000.

CPI’s Andy Jaffe represented the buyer, D&F Properties, LLC.

Kent Hanson represented the seller, Lorenzo M Contreras Family Trust.

Commercial Properties Inc.

Lo-Lo’s Chicken & Waffles Opens in South Scottsdale

Lo-Lo’s Chicken & Waffles opened a 5,400 square-foot location at N/NEC Scottsdale Rd & Thomas Rd in South Scottsdale.

The company is scheduled to open another 4,300 square-foot location at N/NWC Gilbert Rd & Elliot Rd in Gilbert on Dec. 1.

Both locations are developed by LGE Design Build.

City of Surprise Hires Eric Fitzer as Community Development Director

Eric Fitzer, formerly with the Governor’s Office of Energy Policy as well as director for Gila Bend’s Planning and Economic Development, will fill the position of Surprise’s Community Development director beginning Nov. 3, 2014.

Shea 124th Investments Proposes 32-Lot Residential Subdivision in North Scottsdale

Subject Property: NEC 124th St & Shea Blvd in North Scottsdale.

Plans for a proposed 32-lot single-family residential subdivision, Sunrise Trail, filed on behalf of Shea 124th Investments are scheduled to be reviewed on Nov. 20, 2014.

Scottsdale AZ (PDF)

Espiritu Loci Inc. Proposes 20-Lot Residential Subdivision in North Scottsdale

Subject Property: East of Thompson Peak Pkwy & Union Hills Dr

Plans for a proposed 20-lot residential subdivision, The Village at Silverleaf, filed on behalf of Espiritu Loci Inc. are scheduled to be reviewed Nov. 20, 2014.

Scottsdale AZ (PDF)