Leased/Sold
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Sold!
Parties: Patrick Dempsey, Jan Fincham
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
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Sold!
Parties: Frank Kupiec
Location: Bonita Springs, FL, 34135
Comments:
Date: Apr 25, 2018
Transaction Amount: $1,250,000
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Sold!
Parties:
Location: 1505 E. Ave J, Lampasas, TX, 76550
Comments: This property was sold then leased by the new owners.
Date: Jan 21, 2018
Transaction Amount: $550,000
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Sold!
Parties:
Location: 520 Telser Rd, Lake Zurich, IL, 60047
Comments:
Date: Jan 05, 2017
Transaction Amount: $0
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Sold!
Parties:
Location: 105 E Front St,, Wheaton, IL, 60187
Comments:
Date: Apr 15, 2017
Transaction Amount: $0
Cap Rate: 6.00%
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Leased!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 20872 N Rand Rd, Kildeer, IL, 60010
Comments:
Date: Apr 04, 2018
Transaction Amount: $0
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Sold!
Parties: Barbara J. Bialon
Tom Segers
Location: 8510 W. Corning Ave., Peotone, IL, 60468
Comments:
Date: Mar 29, 2018
Transaction Amount: $215,000
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Sold!
Parties:
Stuart Sloat
Location: 7535 Banner Court, Colorado Springs, CO, 80918
Comments:
Date: Mar 14, 2018
Transaction Amount: $525,000
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Sold!
Parties:
Stuart Sloat
Location: 425 E Willamette, Colorado Springs, CO, 80903
Comments:
Date: Mar 27, 2018
Transaction Amount: $2,625,000
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Sold!
Parties:
Stuart Sloat
Location: 900 S Harrison, Denver, CO, 80209
Comments:
Date: Feb 02, 2018
Transaction Amount: $1,250,000
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Sold!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 369 - 373 Roosevelt Road, Glen Ellyn, IL, 60137
Comments:
Date: Mar 15, 2018
Transaction Amount: $2,900,000
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Sold!
Parties: Leah Witko
Location: 79 N Pearl Street, Albany, NY, 12207
Comments: SOLD
Date: Mar 19, 2018
Transaction Amount: $800,000
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Leased!
Parties: Kristian Lee
Location: 2801 Ogden Avenue, Lisle, IL, 60532
Comments:
Date: Mar 01, 2018
Transaction Amount: $0
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Sold!
Parties: Kristian Lee
Location: 706 W. Baltimore, Wilmington, IL, 60481
Comments:
Date: Aug 15, 2017
Transaction Amount: $0
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Sold!
Parties: Patrick Dempsey, Jan Fincham
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
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Leased!
Parties:
Location: 3817 San Pedro, San Antonio, TX, 78212
Comments:
Date: Feb 01, 0018
Transaction Amount: $0
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Leased!
Parties:
Location: 3507 Copeland , San Antonio, TX, 78219
Comments:
Date: Mar 01, 0018
Transaction Amount: $0
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Leased!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 257 W Elk Trail, Carol Stream, IL, 60188
Comments:
Date: Feb 15, 2018
Transaction Amount: $0
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Sold!
Parties: Bob Buckmaster
Location: 0 Village Dr., Saint Augustine, FL, 32084
Comments:
Date: Nov 30, 0017
Transaction Amount: $52,000
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Sold!
Parties: Bob Buckmaster
Location: 16 Marion St., Saint Augustine, FL, 32084
Comments:
Date: Feb 20, 0018
Transaction Amount: $204,900
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