What's Hot

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    • [June 27, 2025] - Phoenix-to-Tucson Rail Study Advances
    • [June 27, 2025] - Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations
    • [June 27, 2025] - Arizona Projects 06-27-25
    • [June 24, 2025] - Hobbs, Legislators Reach Water Use Compromise
    • [June 24, 2025] - $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects
    • [June 24, 2025] - Queen Creek Council OKs Amendment for 166-Unit Townhome Project
    • [June 24, 2025] - Ariz. Construction Shed 1,700 Jobs in May
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Queen Creek Council OKs Amendment for 166-Unit Townhome Project

      June 24, 2025

      Bullhead Resort in Limbo After Continued No-Shows at Land Auction

      June 20, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      MAG Meetings Detail Prop 479 Freeway Life Cycle Plans

      June 17, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Commercial Real Estate 06-03-25

      June 3, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Industry Professionals 06-03-25

      June 3, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      More Cities Considering Data Center Restrictions

      June 18, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Arizona Projects 06-27-25

      June 27, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Uncategorized » Commercial Real Estate 11-05-24
    Commercial Real Estate

    Commercial Real Estate 11-05-24

    BEX StaffBy BEX StaffNovember 5, 2024No Comments3 Mins Read
    6. Custom Mechanical Systems LLC. Credit: HPA Architecture/Phoenix Business Journal
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Sales Transactions

    1. JLL Capital Markets announced the sale of 24th at Camelback II. Located at the intersection of 24th Street and Camelback Road in Phoenix, the 306.9KSF, 11-story office building was sold for $97.9M. Wide Open Excursions was the buyer, while Hines was the seller. JLL represented the institutional owner. JLL’s team was led by Will Mast, Ben Geelan, Jack Miller and Gigi Martin. The building is 87.2% leased.

    2. Wags Capital sold its property at 7323 E. Shoeman Lane for $5.1M. Gibro LLC was the buyer of the 2.9KSF restaurant site.

    3. Larsen Baker, through its affiliate Manzanita Investment Group, LLC, sold a KFC in Tucson for $2.1M. The 2.2KSF drive-thru is located at 2970 W. Valencia at the Manzanita Plaza Shopping Center. STRR Investments, LLC was the buyer. Larsen Baker’s Isaac Figueroa represented the seller. GPS Commercial Advisors’ Greg Saltz represented the buyer.

    4. Cushman & Wakefield announced the firm advised the sale of a three-building infill industrial portfolio totaling 175.7KSF on more than nine acres in Tempe. Each building is 100% leased to single tenants and is located within the Phoenix Sky Harbor and Broadway Industrial submarkets. The Tempe Freestanding Industrial Portfolio was acquired by Leon Industrial, a subsidiary of Leon Capital Group. C&W’s Phil Haenel, Will Strong, Foster Bundy and Katie Repine represented the buyer and seller. C&W’s Mike Haenel and Andy Markham provided leasing advisory. The price of the transaction was not disclosed.

    5. Crystal Creek Hospitality announced the acquisition of Sedona Real Inn & Suites in Sedona. The company plans to renovate the 89-room hotel to include it within its Mountain Modern brand. RSP is the design firm for the renovations, which are currently underway. The price of the transaction was not disclosed.

    Lease Transactions

    6. Dermody Properties secured the first tenant at its $1.5B, 566.6KSF LogistiCenter. The property is located at Copperwing Industrial Center in Phoenix near Peoria Avenue and El Mirage Road. Custom Mechanical LLC signed a 206.8KSF lease across two buildings. Dermody Properties is installing two oversized doors to support loading HVAC equipment for Custom Mechanical. CBRE Group Inc.’s Pat Feeney, Dan Calihan and Tyler Vowels are the leasing brokers for the industrial park. Custom Mechanical was represented by CBRE’s Cooper Fratt.

    7. American Defense Structures LLC signed a 10-year lease for 45KSF at 950 W. Behrend Dr., located just off Loop 101 near I-17 in Deer Valley. Keyser Commercial Real Estate’s Janel Wangsness and Brandon Borsheim represented ADS. CBRE’sAshleyBrooks and Tyler Vowels represented the landlord, Regent Properties.

    8. Sundt Construction leased a 32.5KSF office/flex space at 2700 E. Commerce Center Place in Tucson. The flex project is known as Airport Commerce Center and is along Tucson Blvd. near the Tucson airport. Larsen Baker’s Isaac Figueroa and Volk Company’s Rick Volk represented the landlord, owned in common by both companies. Commercial Real Estate of Tucson’s Michael Cortez represented the tenant. Sundt plans to use the property to house operations for the I-10 and Kino Interstate Expansion for the Arizona Department of Transportation.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Commercial Real Estate 06-24-25

    June 24, 2025

    Commercial Real Estate 06-17-25

    June 17, 2025

    Commercial Real Estate 06-10-25

    June 10, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Arizona Projects 06-27-25

    June 27, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Budgets & Funding

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 20250

    By Roland Murphy for AZBEX With implementation of the Maricopa County Proposition 479 half-cent transportation…

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025

    Arizona Projects 06-27-25

    June 27, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Arterial Life Cycle Program Covers 20 Years of Street Development

    June 27, 2025

    Phoenix-to-Tucson Rail Study Advances

    June 27, 2025

    Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

    June 27, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.