GPE Commercial Advisors August 2011 Deal Summary

Scottsdale, AZ – September 19, 2011 – (RealEstateRama) — In August 2011, GPE Commercial Advisors reported closing five purchase transactions for $1.6M (35,559 square feet), 17 lease transactions for $5.4M (52,220 square feet) and one dental practice sale for $575,000. Combined, GPE represented 23 completed transactions for $7.6M totaling 87,779 square feet.

Top transactions for the month: In commercial real estate sales Mesa, AZ – Caveman Printing, a traditional print, graphics, and custom printed products & apparel company, purchased 14,682 SF for $500,000 at 120 East Southern Ave. Bret Isbell and Russell Fine represented the seller. In commercial real estate leasing Phoenix, AZ – A bariatric center leased 11,417 SF at St. Luke’s Medical Building, 555 North 18th Street. Nicholas A. Pelusio represented the landlord.

Summary of transactions available for publishing:

August 2011 Sales

Mesa, AZ – Caveman Printing, a traditional print, graphics, and custom printed products & apparel company, purchased 14,682 SF for $500,000 at 120 East Southern Ave. Bret Isbell and Russell Fine represented the seller.

Peoria, AZ – FHI, custom home builders, purchased 11,665 SF for $495,000 at 5201 West Peoria Avenue. Bret Isbell and Russell Fine represented the seller.

Chandler, AZ – 77, LLC, investors, purchased 4,268 SF for $240,000 at 77 West Chicago Street. Bret Isbell and Russell Fine represented the seller.

Mesa, AZ – Fraiwan Investments, LLC, investors, purchased 3,456 SF for $250,000 at 7165 East University Drive. Bret Isbell and Russell Fine represented the seller.

Phoenix, AZ – Schnook, a general office, purchased 1,488 SF for $135,000 at Garden Lakes, 4140 North 108th Avenue. Bret Isbell and Russell Fine represented the seller.

August 2011 Leases

Phoenix, AZ – A bariatric center leased 11,417 SF at St. Luke’s Medical Building, 555 North 18th Street. Nicholas A. Pelusio represented the landlord.

Phoenix, AZ – A cardiology group leased 9,207 SF at Deer Valley Office & Medical Center, 20414 North 27th Avenue. Nicholas A. Pelusio represented the tenant.

Scottsdale, AZ – A diamond blade supply company leased 3,353 SF at Hayden Professional Park, 3200 North Hayden Road. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Scottsdale, AZ – leased 2,947 SF at 7861 East Gray Road. Tim Phillips represented the tenant.

Phoenix, AZ – A sleep study center leased 2,600 SF at Grunow Memorial Medical Center, 926 East McDowell Road. Nicholas A. Pelusio and Julie A. Johnson, CCIM, represented the landlord.

Phoenix, AZ – A pathology group leased 2,500 SF at St. Luke’s Medical Building, 555 North 18th Street. Nicholas A. Pelusio represented the landlord.

Scottsdale, AZ – A laboratory leased 2,440 SF at 7281 East Earll Drive. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Phoenix, AZ – An injury treatment and pain management practice leased 2,343 SF at Arcadia Medical Plaza, 4840 East Indian School Road. Julie A. Johnson, CCIM, represented the landlord.

Scottsdale, AZ – Arizona Defensive Driving School leased 2,158 SF at 6929 East Greenway Parkway. Dominic M. Perry, CCIM, represented the tenant.

Tucson, AZ – A laboratory leased 2,035 SF at 7388 North La Cholla Boulevard. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Sierra Vista, AZ – A laboratory leased 1,920 SF at 1150 South Highway 92. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Glendale, AZ – A communications consulting group leased 1,540 SF at The Citadelle, 19420 North 59th Avenue. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

Glendale, AZ – An accounting and insurance group leased 1,496 SF at Il Palazzo, 5940 West Union Hills Road. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

Scottsdale, AZ – A wine distributor leased 1,000 SF at 7741 East Gray Road. Tim Phillips represented the tenant.

Glendale, AZ – An acupuncture therapist leased 567 SF at Il Palazzo, 5940 West Union Hills Road. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

About GPE Companies

Founded 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.

Learn more about us at www.GPE1.com or visit us on Facebook, Twitter and LinkedIn. Convenient shortcuts to each location are www.gpe1.com/facebook, www.gpe1.com/twitter, and www.gpe1.com/linkedin.

Contact:

Brooke Askew-Rossi
Director of Business Development
GPE Companies
Phone: (480) 423-7910
Email: baskew-rossi (at) gpe1 (dot) com

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