GPE Closes 95,037 Square Feet for $9.6M in December 2011

January 27, 2012 (Phoenix, Arizona) –

GPE Commercial Advisors (gpe1.com) reported closing 25 commercial transactions in the amount of $9.6M for 95,037 square feet in December 2011.

• $4.7M in commercial sales (54,212 SF)
• $3.1M in commercial leases (40,825 SF)
• $1.8M in business sales

GPE Management Services successfully concluded construction supervision for tenant improvement projects totaling over $42,000.

Partial list of closed deals…

RSS  |  Web Page  |  Text Page |  Brooke Askew-Rossi • 480-423-7910

For Immediate Release:

GPE Closes 95,037 Square Feet for $9.6M in December 2011

January 27, 2012 (Phoenix, Arizona) –

GPE Commercial Advisors (gpe1.com) reported closing 25 commercial transactions in the amount of $9.6M for 95,037 square feet in December 2011.

• $4.7M in commercial sales (54,212 SF)
• $3.1M in commercial leases (40,825 SF)
• $1.8M in business sales

GPE Management Services successfully concluded construction supervision for tenant improvement projects totaling over $42,000.

Partial list of closed deals:

Sales

Scottsdale, AZ – 10101 Investors, LLC purchased 20,110 SF for $2,500,000 at 10101 North 92nd Street. Julie A. Johnson, CCIM, Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the seller.

Gilbert, AZ – RBS Property, LLC purchased 2,939 SF for $334,290 at Spectrum Falls Professional Park, 2680 & 2730 S Val Vista Drive. Nicholas A. Pelusio and Kevin Helland, MBA, represented the buyer.

Medical Leases

Mesa, AZ – The hospital leased 3,470 SF at Mountain Vista Medical Office Building, 1301 South Crismon Road. Trisha A. Talbot, CCIM, Nicholas A. Pelusio and Kathleen M. Morgan, CCIM, represented the landlord.

Mesa, AZ – A nephrology practice leased 1,700 SF at Power Medical Center – 215 Power, 215 South Power Road. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Office Leases

Phoenix, AZ – A software development leased 11,596 SF at CBIZ, 3111 North Central Avenue. Dave Sampson represented the tenant. Jim Achen Jr. and William Zurek of Transwestern represented the landlord.

Tempe, AZ – A DIRECTV installation service leased 3,546 SF at Ash Business Center, 4820 South Ash Avenue. Dominic M. Perry, CCIM, represented the tenant.

Chandler, AZ – A laboratory leased 2,080 SF at Dobson Pecos Village, 2095 West Pecos Road. Nicholas A. Pelusio and Kathleen M. Morgan, CCIM, represented the tenant.

Surprise, AZ – A laboratory leased 2,019 SF at Bell Road Shops, 15381 West Bell Road. Nicholas A. Pelusio and Kathleen M. Morgan, CCIM, represented the tenant.

Glendale, AZ – A financial advisors group leased 1,509 SF at Citadelle, 19420 N 59th Ave. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Scottsdale, AZ – An healthcare management solutions group leased 1,322 SF at Camelback Tower, 6900 East Camelback Road. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Scottsdale, AZ – A radio station studio leased 1,119 SF at Camelback Tower, 6900 East Camelback Road. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

Tempe, AZ – A staffing service leased 816 SF at Wells Fargo Plaza, 64 East Broadway Road. Dave Sampson represented the tenant.

Glendale, AZ – A financial services group leased 788 SF at Citadelle, 19420 N 59th Ave. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

SOLD! – 20,110 SF at 10101 North 92nd Street in Scottsdale for $2,500,000 to 10101 Investors, LLC.   <a href="http://www.gpe1.com/images/stories/current/property_images/GPE3509/IMG01.jpg”>(pic)

SOLD! – 16,000 SF at Colonnade Village Square, 14719 W Grand Ave in Surprise for $850,000 to Statler MOB, LLC. 

LEASED! – 6,966 SF at Mountain Vista Business Center, 10153-10163 East Hampton Avenue in Mesa to a personal trainer.  (pic)

SOLD! – 2,939 SF at Spectrum Falls Professional Park, 2680 & 2730 S Val Vista Drive in Gilbert for $334,290 to RBS Property, LLC.  (pic)

LEASED! – 3,692 SF at Mountain Vista Business Center, 10153-10163 East Hampton Avenue in Mesa to a family practice.  (pic)

LEASED! – 1,509 SF at Citadelle, 19420 N 59th Ave in Glendale to a financial advisors.   (pic)

About GPE:
Established in 1973, GPE Commercial Advisors and GPE Management Services 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.

GPE CompaniesGPE Commercial Advisors
2777 East Camelback Road, Suite 230
Phoenix, Arizona 85016
480-994-8155 | www.GPE1.com

The information presented has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to confirm accuracy and completeness of all presentation materials including the building, suite or unit sizes, which are approximate. Any projections, opinions, assumptions, or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.

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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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