Leased/Sold
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Sold!
Parties: Bridget Schmitz
Location: 16531 River Ridge Blvd, Woodbridge, VA, 22191
Comments:
Date: Dec 31, 2016
Transaction Amount: $0
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Sold!
Parties: Kenneth McQueen
Location: 7001 W. Erie St., Chandler, AZ, 85226
Comments: Phoenix-based LOC Leasing LLC., an entity owned by the principals of State Seal Corporation, has purchased an 86,000-square-foot industrial distribution building at Chandler Technology Center for $6.9 million.
Ken McQueen of Lee & Associates represented the buyer. Mike Parker and Evan Kaplan of CBRE represented the seller, CTC Industrial, LP., an entity controlled by Kevin Pshebiniski of Hopewell Development.
“State Seal currently occupies four separate facilities and this acquisition will allow them to operate more efficiently out of one property and minimize operational costs,” said McQueen. State seal will begin operating out of the building in December 2017.
Located on 9.76-acres at 7001 W. Erie St. in Chandler, the property offers strong curb appeal, heavy power, 24-foot clear height, and grade and dock high loading. Functional attributes are complimented by abundant area amenities.
Axus Technologies currently holds 23,000-square-feet at the property, further reducing the occupancy cost for the buyer.
Date: Oct 09, 2017
Transaction Amount: $6,900,000
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Sold!
Parties: Jim Watkins
Location: 2515 E Camelback Rd, Phoenix, AZ, 85016
Comments: Lee & Associates announced today that the brokerage firm coordinated the 3,900-square-foot renewal, relocation and expansion for lessee, Piper Jaffray, at Camelback Esplanade. The company previously leased 3,350-square-feet in the same building for 23 years.
Lee & Associates’ Jim Watkins represented Piper Jaffray, a Minneapolis-based investment bank and asset management firm. Pat Boyle of CBRE represented the landlord, LBA Realty of California. It is a five-year lease.
According to Watkins, Piper Jaffray needed larger premises to handle anticipated growth while at the same time remodeling their offices. For more information, visit www.leearizona.com.
Date: Oct 09, 2017
Transaction Amount: $0
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Sold!
Parties: Conner Lee
Location: 7822 S. 46th Street, Phoenix , AZ, 85044
Comments: On behalf of Los Angeles-based Cohen Asset Management, Cushman & Wakefield and Lee & Associates completed the sale of an 188,142-square-foot industrial building located at 7822 S. 46th Street in Phoenix. Bailard of Foster City, Calif. purchased the property for $16.1 million.
Will Strong of Cushman & Wakefield, along with Rick Lee and Conner Lee of Lee & Associates, represented both parties in the deal.
The state-of-the-art industrial/flex building, situated on approximately 8.5 acres, is 100% leased to BAE Systems. Located in the highly desirable Phoenix Sky Harbor Airport submarket, this is one of the most recognizable assets in the area due to its long-term credit tenancy, high-profile location, quality high-tech interior improvements and proximity to major freeways.
Date: Sep 25, 2017
Transaction Amount: $16,100,000
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Sold!
Parties: Chris McClurg, Kenneth McQueen
Location: 317 S. 48th Street, Phoenix, AZ, 85034
Comments: Ken McQueen and Chris McClurg negotiated the $10.3 million purchase transaction of a 117,885-square-foot industrial property situated on 12.17-acres in the heart of the Phoenix Sky Harbor International submarket. Industrial specialists McQueen and McClurg represented the buyer, HUB 317, LLC., a joint venture partnership between Colorado-based DPC Companies and Confluent Development, Denver, in the transaction. This is their first industrial acquisition in the Phoenix metropolitan market, although they have several office and retail holdings in Phoenix. The seller was Road Machinery, LLC.DPC & Confluent will be expanding the property with 109,000squarefeetof dock high warehouse space, totaling 227,491squarefeet. Property features include a full diamond interchange, proximity to the light rail and Sky Harbor International Airport, 24-foot and 32-foot clear heights, and 290 parking stalls and freeway monument signage. The project’s estimated completion is June 2018.
Date: Sep 17, 2017
Transaction Amount: $10,300,000
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Sold!
Parties: Stein Koss, Thomas Louer
Location: Phoenix, AZ
Comments: The Koss | Louer team of Lee & Associates Arizona arranged the sale of a 95,836-square-foot industrial portfolio. Luke Marley, LLC., a California-based partnership owning retail product in California, purchased the portfolio from Delcor, LLC. for $12.45 million. Principals Stein Koss and Tom Louer represented both the seller and the buyer in the transaction. The portfolio is fully leased for five years to Horizon Distributors, Inc., a wholly subsidy of POOLCORP. The portfolio is comprised of the following freestanding buildings:
• 8746 W. Kelton Lane, Peoria -8,750 SF on 1.25 acres
• 15517 N. 77th St., Scottsdale -8,750 SF on 1.26 acres
• 4055 W. Saturn Way, Chandler -5,300 SF on .86 acres
• 201 W. Juanita, Mesa -9,924 SF on 1.97 acres
• 5214 S. 30th St., Phoenix -42,138 SF on 5.10 acres
• 41802 N. Vision Way, Anthem -10,009 SF on 1.31 acres
• 4740 N. La Cholla Blvd., Tucson -10,965 SF on 1.2 acres
Date: Sep 14, 2017
Transaction Amount: $12,450,000
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Sold!
Parties: George Kruse, Sean Dreznin
Location: 4704 Swift Rd, Sarasota, FL, 34231
Comments:
Date: Sep 14, 0017
Transaction Amount: $600,000
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Sold!
Parties: Stein Koss, Thomas Louer
Location: 225 S. 51st Street, Phoenix, AZ, 85034
Comments: PRESS RELEASE
For Immediate Release
Photo: Attached
California-based CapRock Partners has purchased a manufacturing facility in Phoenix’s highly sought-after Sky Harbor market for $8 million. The 110,710-square-foot building is the investment firm’s first Phoenix acquisition. The seller was Madison 225 LLC. of Scottsdale. Both companies were represented by Stein Koss and Tom Louer, principals of The Koss | Louer Team at Lee & Associates. The building sits on 5.8-acres that are just East of Phoenix Sky Harbor International Airport, and offers exposure along Loop 202 Red Mountain Freeway. It features 30’ clear height, 22 dock high loading doors and two(20-foot-wide) grade level doors. Plans are underway to transition the property to Class A space by significantly upgrading the interior and exterior. According to CapRock, the company will create new offices, an expansive window-line and glass storefront. Extensive improvements will enhance the efficiency and function of the facility, and appeal to tenants in today’s competitive industrial marketplace.
Date: Sep 17, 2017
Transaction Amount: $8,000,000
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Leased!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 13805 Cicero Ave, Crestwood, IL, 60445
Comments:
Date: Aug 01, 2017
Transaction Amount: $0
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Sold!
Parties:
Location: 2710 Jefferson St. | | , Austell, , GA, 30168
Comments: sold in combination with the adjacent lot-- total $208,000
Date: May 08, 2017
Transaction Amount: $148,000
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Sold!
Parties:
Location: 2318 Mellon Court, Decatur,, GA, 30035
Comments: sold to investors -- to be offered for Lease
Date: Jul 28, 2017
Transaction Amount: $548,500
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Leased!
Parties:
Location: 725 S. 8th Street, Las Vegas, NV, 89101
Comments:
Date: May 01, 2016
Transaction Amount: $0
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Leased!
Parties:
Location: 8329 W. Sunset Road Suite 210, Las Vegas, NV, 89113
Comments:
Date: Apr 01, 2017
Transaction Amount: $0
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Leased!
Parties:
Location: 8691 W. Sahara Ave., Las Vegas, NV, 89117
Comments:
Date: Jun 01, 2017
Transaction Amount: $0
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Leased!
Parties:
Location: 8691 W. Sahara Suite 200, Las Vegas, NV, 89117
Comments:
Date: Apr 01, 2017
Transaction Amount: $0
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Sold!
Parties: Elesa Doll
Lindsey Martin
Location: 3789 River Rd. NE, Keizer, OR, 97303
Comments: Off market sale
Date: Jun 06, 2017
Transaction Amount: $70,000
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Leased!
Parties: James Hauge
Location: 6492 Portland Road NE, Salem, OR, 97305
Comments: 6492 Portland Road Leased - .80/SF - Als Trailer
Date: Mar 02, 2017
Transaction Amount: $234,000
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Sold!
Parties:
Location: 1156 S Main St, Lombard, IL, 60148-3902
Comments:
Date: Mar 09, 2017
Transaction Amount: $0
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Sold!
Parties: Stephen Jacquemin
Location: 134 West Madison , St. Louis, MO, 63122
Comments:
Date: Mar 10, 2017
Transaction Amount: $375,000
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Sold!
Parties: Sean Kerr
Location: 626 Walker Street, Holly Hill, FL, 32117
Comments:
Date: Apr 17, 2017
Transaction Amount: $91,000
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