PHOENIX— Velocity Retail Group, LLC completed eleven transactions in February including a large industrial transaction on behalf of one of their tenants and two locations for a new restaurant concept to the Arizona market.
PHOENIX— Institutional Property Advisors, a multifamily brokerage division of Marcus & Millichap, has arranged the sale of Alta Park West, a 260-unit, 252,643-square-foot luxury apartment community in Peoria. The $30.05 million sales price equates to $115,500 per unit.
PHOENIX—Officials from the City of Mesa and the Sunridge Hotel Group, a Mesa-based hospitality development and management company, announce a plan to build a Courtyard by Marriott in the Gateway Airport area.
PHOENIX—Velocity Retail Group, LLC announces that The Dump, a subsidiary of Haynes Furniture Company, Inc. of Virginia has finalized a lease for a 156,410-square-foot warehouse at 6655 S. Kyrene Road in Tempe.
PHOENIX—HFF has secured joint venture equity for the acquisition of 43rd Avenue Logistics Center, a new state-of-the-art, 394,775-square-foot industrial facility located at 1635 S 43rd Ave.
PHOENIX—CBRE announces that associate Cooper Fratt has been appointed to the Board of the Discovery Triangle Development Corporation. The DTDC deploys its expertise redevelopment in the Discovery Triangle, an asset-rich urban region between Phoenix, Tempe and Papago Park.
PHOENIX—Liberty Sky Harbor Center at 2626 S. 7th St. has reached 100% occupancy with the execution of a long-term lease for 105,000 square feet of space by Power-One Renewable Energy Solutions.
PHOENIX—The Rockefeller Group announces that it is building an 82,000- square-foot flex/office building on 8.2 acres within the Chandler Corporate Center campus. The building is anticipated to be completed in mid-2014 and is the company's second spec building to be constructed in Chandler Corporate Center.