PHOENIX—Colliers International in Greater Phoenix recently completed the sale of a 486,241-square-foot warehouse in Phoenix for $24.25 million. Exeter Property Group, headquartered in Philadelphia, bought the property, at 5555 W. Lower Buckeye Rd., from Prologis Inc., a San Francisco-based REIT.
TUCSON—ORION Investment Real Estate completed the sale of Paloma Village Center in Tucson. The 37,739-square-foot center sold for $17.2 million to HRA Paloma LP, a commercial real estate entity affiliated with Hannay Realty Advisors based in Phoenix.
PHOENIX—Matt Nebeker has rejoined the Office Properties Division of Cushman & Wakefield of Arizona, Inc. Nebeker is a 10-year veteran of the Phoenix commercial real estate industry, focusing on East Valley office leasing.
PHOENIX—Palisades Private Capital Fund I, a $50-million fund sponsored by Palisades Mexico Partners, has acquired, 4141 N. Scottsdale Rd., a 147,356-square-foot, 91.3% leased, three-story class A office building in Scottsdale.
PHOENIX—Bob Mulhern is managing director of Colliers International in Greater Phoenix, a full-service commercial real estate firm providing integrated services to clients locally and globally for more than 30 years. Mulhern manages the brokerage operations of two offices located in Phoenix and Scottsdale, with more than 100 professionals. GlobeSt.com caught up with Mulhern to find out just what he does After Hours.
PHOENIX—Tempe-based Hudson Retail Center, LLC has sold two single-tenant, net-leased investment properties in Tempe to Rosebud Tempe One, LLC of Palm Beach. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road.
PHOENIX—Officials from Harvard Investments, Lincoln Property Company, the city of Mesa and anchor tenant American Traffic Solutions were on hand for the groundbreaking of Waypoint, a two-building, 258-square-foot class A office campus in Mesa, that is nearly 50% pre-leased to ATS.
PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the nearly $5 million sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet.
PHOENIX—LGE Design Build has constructed a 50,000-square-foot regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale.
PHOENIX—TM Equities of Salt Lake City has purchased Trillium Cave Creek, a 292-unit apartment community located at 20050 N. Cave Creek Rd. in Phoenix, from Phoenix-based Trillium Residential.