Patrick Dempsey

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VERIFIED
Title: Principal
Location: Phoenix, AZ
Member since: Dec 08, 2017
Lee & Associates | Arizona

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Sold/Leased Listings

Icon_cornwell_technology_center Sold!
Location: 17301 N. Perimeter Drive, Scottsdale, AZ, 85255
Comments: Lee & Associates Arizona Principals Mark Linsalata, Patrick Dempsey and Jan Fincham arranged the sale of Cornwell Technology Center in Scottsdale, Ariz. for $9.9 million. The Lee & Associates team facilitated the transaction on behalf of the seller, Andersen Equities, LLC. The buyer, KPN Industrial, LLC, was assisted by Ron Schooler and Ken Elmer of Commercial Properties Inc. Situated on 4.78 acres at 17301 N. Perimeter Drive, the 56,634-square-foot Cornwell Technology Center consists of two freestanding multi-tenant R&D industrial buildings with high quality tenants located within the Class A Perimeter Center Business Park in Scottsdale. “Cornwell Technology Center is attractive to investors because of its strategic location in the Scottsdale Perimeter Center, the proximity to the Scottsdale Airpark, and the long term stable income of a 100-percent occupied property,” said Dempsey. Built in 2000 by the Cornwell Corporation, the fully-occupied asset is 100-percent air conditioned, providing high-quality space for firms with complex and precise processes requiring clean rooms and labs. The property’s tenants include: Hemisphere GNSS - creates innovative satellite positioning products and solutions. Provista Diagnostics Inc. - connects healthcare customers to best-priced supplies and services. Plastic Design Company - offers customplastic design and fabrication service. “The property features convenient access to the Loop 101 Freeway and Bell Road and has approximately 150,000 residents within a five-mile trade area,” said Linsalata. “Also, in that same trade area, there are over 10,000 businesses with over 128,000 employees. Taser International, Pulte Homes, GE Franchise Finance, US Bank, Fender Guitar and Ryland Mortgage all have offices in within the surrounding areas.” At nearly $175 per square-foot, the sale price is
Date: Jul 02, 2018
Transaction Amount: $9,900,000
Icon_lefferts_20161003_6056 Sold!
Location: 701 N. Grand Ave., Phoenix, AZ, 85007
Comments: April 2, 2018 – PHOENIX — Lee & Associates Arizona announced today that the Fincham Dempsey Team has arranged the sale of the Tuft & Needle Corporate Headquarters and retail showroom building for $8.73 million. Jan Fincham and Patrick Dempsey facilitated the transaction on behalf of the seller, SimonCRE Chisum III, an entity of Scottsdale-based developer SimonCRE. The buyer, Retail Realty Fund was represented by Property Group International. Located in Downtown Phoenix at 701 N. Grand Ave., the 36,000-square-foot historic building was originally constructed in 1917 and served as home to the O.S. Stapley hardware store, which closed in 1962. The building was later used as an appliance store, industrial repair and car shop before being shuttered and then brought back to life most recently as a retail showroom and office space. The property was purchased in 2012 by SimonCRE, and was renovated as an adaptive re-use creative office space for the headquarters of Tuft & Needle, a Phoenix-based e-commerce and manufacturing company founded by Daehee Park and John-Thomas Marino. “The Tuft & Needle building was attractive to the investor because of the quality adaptive re-use renovation by SimonCRE, the stability of a long-term lease to nationally recognized tenant Tuft & Needle, and the location in the heart of the vibrant Downtown Phoenix Redevelopment Area,” said Fincham. This was just one of several properties that SimonCRE owns in the area. The developer also owns a 5,000-square-foot redevelopment project adjacent to Tuft & Needle, and recently closed on the 8,800-square-foot former Paper Heart Gallery at Grand Avenue and Polk Street. "This sale really shows the strength of the Grand Avenue District and the demand in the area," said Joshua Simon, Founder and CEO of SimonCRE.
Date: Apr 02, 2018
Transaction Amount: $8,730,000
Icon_img_3310 Sold!
Location: 5845 W. Bell Road, Glendale, AZ, 85308
Comments: Lee & Associates Arizona announced today that the Fincham Dempsey Team arranged the sale of the 118,377-square-foot Talavi Towne Center for $21.9 million. Principals Jan Fincham and Patrick Dempsey facilitated the transaction on behalf of the seller, Kimco Towne Center, LLC, and the buyer, Talavi Bell, LLC.  Situated on 12.25-acres at 5845 W. Bell Road in Glendale, Ariz., the property’s tenants include WalMart Super Center, MOR Furniture, Dollar Tree, Leslie’s Pool Mart and Cricket Wireless. “Talavi Towne Center is attractive to investors because of its strategic location in the Northwest area of Phoenix, two miles east of Arrowhead Mall,” said Dempsey. “The property sits in an infill location with significant barriers to entry for any new future retail development, ensuring the stability and long-term success of Talavi Towne Center.” According to Fincham, 330,000 residences live within a 5-mile radius of the shopping center and earn an average annual household income of more than $73,000. For more information on the property, visit www.leearizona.com, contact Dempsey at (602) 954-3772, or contact Fincham at (602) 954-3754.
Date: Mar 02, 2018
Transaction Amount: $21,900,000
Icon_img_4580 Sold!
Location: 13801 N. Tatum Blvd. , Phoenix, AZ, 85032
Comments: Lee & Associates Arizona's Fincham Dempsey Team arranged the sale of the 54,430-square-foot Pueblo Point Shopping Center for $11 million. Principals Jan Fincham and Patrick Dempsey, along with associate Andrew Lundahl, facilitated the transaction on behalf of the seller, Arneil Pueblo, LLC., and the buyer, Paradise Valley Ventures, LLC.  Located at 13801 North Tatum Boulevard, the 5.46-acre shopping center includes Smart & Final Extra Grocery store, Domino’s Pizza, The UPS store and an Ace Hardware store, which is not a part of the sale. “Pueblo Point shopping center is attractive to investors because of its strategic location in North Phoenix, just north of the Paradise Valley Mall. The property sits in an infill location with significant barriers to entry for any new future retail development, ensuring the stability and long-term success of Pueblo Point Shopping Center,” said Fincham. “Additionally, the property enjoys attractive demographics with over 220,000 residents within a 5 mile radius with significant annual house hold income of more than $92,000,” said Dempsey. For more information, visit www.leearizona.com or contact Fincham at (602) 954-3754 or Dempsey at (602) 954-3772.
Date: Dec 01, 2017
Transaction Amount: $11,000,000

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(602) 954-3772

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Team: Fincham / Dempsey / Lundahl Investment Sales Arizona.

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