GPE Closes 227,355 Square Feet for $12.4M in January 2012
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GPE Closes 227,355 Square Feet for $12.4M in January 2012

Phoenix, AZ – February 21, 2012 – (RealEstateRama) — GPE Commercial Advisors (gpe1.com) reported closing 12 commercial transactions in the amount of $12.4M for 227,355 square feet in January 2012.

• $11.1M in commercial sales (215,132 SF)
• $1.3M in commercial leases (12,243 SF)

GPE Management Services successfully concluded construction supervision for tenant improvement projects totaling over $640,000 and 53,000 square feet of space.

Partial list of closed deals:

Medical Sales

Las Vegas, NV – Forterus, Inc. purchased 70,789 SF for $5,000,000 at Concorde Assisted Living Facility, 2465 East Twain Avenue. Trisha A. Talbot, CCIM, Julie A. Johnson, CCIM, and Kathleen M. Morgan, CCIM, of GPE Commercial Advisors and Neil Sorkin of Cushman & Wakefield (Las Vegas, NV) represented the seller.

Sales

Chandler, AZ – Infinity Trading / TINKOHN purchased 58,559 SF for $3,220,000 at 450 East Elliot Road. Bret Isbell and Russell Fine represented the seller.

Scottsdale, AZ – Dinali Trust purchased 40,026 SF for $1,000,000 at 7722 East Gray Road. Bret Isbell and Russell Fine represented the seller.

Industrial Sales

Surprise, AZ – JSBT, LLC purchased 45,758 SF for $1,830,320 at Skyway Business Park, 10895 132nd Avenue. Kevin Helland, MBA, represented the seller.

Medical Leases

Glendale, AZ – A family dental practice leased 1,981 SF at Il Palazzo, 5940 West Union Hills Drive. Trisha A. Talbot, CCIM, Kathleen M. Morgan, CCIM, and Amy Dattilo represented the landlord.

Office Leases

Scottsdale, AZ – A legal service leased 3,844 SF at Max at Kierland, 16220 North Scottsdale Road. Dave Sampson represented the tenant.

Scottsdale, AZ – A personal and business banking office leased 2,976 SF at Camelback Tower, 6900 East Camelback Road. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Scottsdale, AZ – A wireless data solutions group leased 1,224 SF at Raintree Crossing, 8350 E Raintree Dr, Ste 245. Russell Fine represented the landlord.

Scottsdale, AZ – A tax consulting firm leased 1,199 SF at Hayden Park Office Condominiums, 10613 North Hayden Road. Russell Fine and Bret Isbell represented the landlord.

Glendale, AZ – An accounting , tax and auditing service leased 289 SF at Il Palazzo, 5940 West Union Hills Drive. Kathleen M. Morgan, CCIM, Trisha A. Talbot, CCIM, and Amy Dattilo represented the landlord.

Established in 1973, GPE Commercial Advisors and GPE Management Services (gpe1.com) are the premier providers of award-winning, commercial real estate sales, leasing, property management and consulting solutions for business, office, medical, dental, retail and industrial properties in the Greater Phoenix Metropolitan area.

2011 Ranking Arizona ranks GPE Commercial Advisors as the Valley’s #1 commercial real estate company and GPE Management Services among the top ten property management companies. GPE has also been named a Top Leasing Firm by CoStar Power Broker Awards, and one of the Valley’s “Best Places to Work” by Phoenix Business Journal.

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Founded in 1973, GPE Commercial Advisors and GPE Management Services provide award-winning commercial real estate sales, leasing, property management and consulting solutions for business, office, medical, dental, retail and industrial properties in the Greater Phoenix Metropolitan area. 2011 Ranking Arizona ranks GPE Commercial Advisors as the Valley's #1 commercial real estate company and GPE Management Services among the top ten property management companies. GPE has also been named a Top Leasing Firm by CoStar Power Broker Awards, and one of the Valley's "Best Places to Work" by Phoenix Business Journal. www.gpe1.com

Contact:

Phone: 480-423-7930

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