PHOENIX—LGE Design Build has completed construction on Papago Tech, a 63,000-square-foot research, development and manufacturing shell building near Phoenix Sky Harbor International Airport and Arizona State University.
PHOENIX—Pet Club has experienced incredible growth since its founding in 1982. It began as a feed and tack store in Apache Junction and by 2010 had 12 locations—and there have been more than 45 transactions since, reaching outside of Arizona to Texas and Colorado.
PHOENIX—CBRE has completed the sale of a rental property in North Central Phoenix. The former multifamily rental property will be converted to townhomes for sale.
PHOENIX—ABI Multifamily announced the sale of the Historic Power Apartments located in Phoenix. Originally built in 1914 as apartments, the property was converted and has been run as an office building for many years.
TUCSON—Berkadia has closed on three multifamily properties in Tucson. Senior managing director Art Wadlund and associate Clint Wadlund of the Tucson office negotiated the transactions.
PHOENIX—Hines recently sold Chandler Viridian's hotel pad to Concord Hospitality Enterprises Company of Raleigh, NC, to develop a Cambria Hotels & Suites.
PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term industrial lease on behalf of First Commons landlord Enright Capital, Ltd., of Calgary, relocating an American Building Supply, Inc. facility and bringing the property to 94% occupancy.
PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term sublease for DialAmerica Marketing, Inc. at Riverpoint, located at 3100 E. Broadway Rd.
PHOENIX—James V. DuMars, senior vice president/senior director of NorthMarq Capital's Phoenix based regional office and Michael Elmore, executive vice president/managing director of NorthMarq Capital's Los Angeles based regional office arranged the refinance of Weststate Arizona Commerce Center.