PHOENIX—Bill Petsas, senior vice president at EastGroup Properties, was honored with the Lifetime Achievement Award at the Best of NAIOP event held at the Arizona Biltmore.
Prior to joining EastGroup in 2000, Petsas was a vice president with Prologis where he forged a career in the development, acquisition, leasing and management of industrial real estate. At EastGroup, Petsas oversees 34 million square feet of industrial space with a total market capitalization in excess of $2.8 billion.
The Lifetime Achievement Award is presented by the Arizona Chapter Board of Directors to an exemplary individual who has made a significant and positive impact on the office and industrial commercial real estate market in Arizona over a period of no less than 15 years.
It was also a big night for Ryan Companies US, Inc. and Marina Heights—Ryan's $750 million, 2-million-square-foot development in Tempe. Marina Heights won the prestigious Transaction of the Year and Talk of the Town awards. Ryan Companies was named Owner/Developer of the Year, Firm of the Year, and General Contractor of the Year. Ryan is the owner/co-developer and general contractor for Marina Heights. Sunbelt Holdings is the other co-developer and The DAVIS Experience is the project architect.
Winning top broker awards were Jim Wilson, Cushman & Wakefield of Arizona, Industrial Broker of the Year; Tom Adelson, Jim Fijan, Jerry Roberts and Corey Hawley, CBRE, Office Brokers of the Year; and Mindy Korth, Colliers International, Investment Broker of the Year.
Economic Impact Project of the Year went to Able Engineering—Phoenix-Mesa Gateway Airport. JLL was named Brokerage House of the Year.
The event, organized by NAIOP Arizona, was attended by 900 commercial real estate professionals.
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