PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease renewal at Granite Commerce Center, 405 N. 75th Ave., Suite 180, for a lamination distribution company. The lease renewal of 15,988 square feet is for USI Inc. of Madison, CT. USI markets roll and pouch laminating machines and films, binding equipment and supplies and many other office accessories including photo ID systems and mounting and display boards. Keri Scott, Jackie Orcutt and John Grady of Cushman & Wakefield represented the tenant, USI. Kyle Westfall of JLL represented the landlord, Crow Holdings of Dallas.
-PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a 14,278-square-foot lease at Camelhead Square, 3033 N. 44th St., bringing the property to 80 percent capacity. This is a new lease for DriveTime Automotive Group, Inc., the leading used vehicle retailer in the United States, providing additional office space for their expanding business. Other tenants include Hill & Usher and Sovereign Healthcare. Chris Latvaaho, Chris Nord and Michael White of Cushman &Wakefield represented the landlord, Sun Life Assurance Company of Phoenix. Tom Adelson of CBRE represented the tenant.
-PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated the $4.05 million sale of the Briarwood Apartments, a multi-family property located at 3450 W. Missouri Ave. Briarwood was built in 1983 and contains seven buildings and 126 units. The property was 90 percent occupied at the time of the sale. Edward Sibley of Phoenix sold the property to David Barnes of Vancouver. Brett Polachek and Jim Crews of Cushman & Wakefield represented the buyer in the transaction.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.