GPE Commercial Advisors July 2011 Deal Summary

Scottsdale, AZ – August 25, 2011 – (RealEstateRama) — In July 2011, GPE Commercial Advisors reported closing five purchase transactions for $4.2M (51,850 square feet plus a 38.16 acre land sale), 12 lease transactions for $1.8M (37,136 square feet). Combined, GPE represented 17 completed transactions for $6M totaling 88,986 square feet and the 38.16 acre land sale.

Top transactions for the month:

In commercial real estate sales
Peoria, AZ – Its All in The Game purchased the sports complex formerly known as Chili Davis Premier Baseball Training Facility at 7797 West Paradise Lane for $800,000. The building is situated on leasehold land with the City of Peoria. Bret Isbell and Russell Fine represented the seller in the 40,436 SF deal.

In commercial real estate leasing
Chandler, AZ – A behavioral health leased 8,965 SF at Chandler Commerce Plaza, 325 East Elliot Road. Sarah Weddle and Dave Sampson represented the tenant.

Summary of transactions available for publishing:

July 2011 Sales

Peoria, AZ – Its All in The Game purchased the sports complex formerly known as Chili Davis Premier Baseball Training Facility at 7797 West Paradise Lane for $800,000. The building is situated on leasehold land with the City of Peoria. Bret Isbell and Russell Fine represented the seller in the 40,436 SF deal.

Glendale, AZ – Ferencz purchased 5,132 SF for $120,000 at 7606 West Palmaire Avenue, 7606 West Palmaire Avenue. Bret Isbell and Russell Fine represented the seller.

Gilbert, AZ – Spondeo Investors purchased 4,913 SF for $728,019 at Spectrum Falls, 2730 South Val Vista Dr, Building 3. Bret Isbell and Russell Fine represented the seller.

Scottsdale, AZ – Voightman/McDowell Mnt LLC purchased 1,369 SF for $170,000 at Offices at McDowell Mountain, 16700 North Thompson Peak Parkway. Bret Isbell represented the seller.

Sedona, AZ – Sedona CL, LLC purchased 38 acres for $2,375,000 at Cor D’Amor, Highway 89A and Calle Del Sol. Bret Isbell and Russell Fine represented the seller.

July 2011 Leases

Chandler, AZ – A behavioral health leased 8,965 SF at Chandler Commerce Plaza, 325 East Elliot Road. Sarah Weddle and Dave Sampson represented the tenant.

Mesa, AZ – A nutritional supplements distributor leased 5,692 SF at Mountain Vista Business Center, 10153 East Hampton Avenue. Sarah Weddle and Dave Sampson represented the landlord.

Scottsdale, AZ – A drug and alcohol rehabilitation support center leased 5,000 SF at Hayden Professional Park, 3200 North Hayden Road. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Phoenix, AZ – A real estate firm leased 3,621 SF at 4425 North 24th Street. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Gilbert, AZ – An urologic practice leased 2,390 SF at 2450 East Guadalupe Road. Julie A. Johnson, CCIM, represented the tenant.

Scottsdale, AZ – A plastic surgery practice leased 2,199 SF at McDowell Mountain Medical, 9377 East Bell Road. Julie A. Johnson, CCIM, represented the tenant.

Phoenix, AZ – A medical practice leased 2,109 SF at Foothills Health Center, 4530 East Ray Road. Nicholas A. Pelusio represented the landlord.

Scottsdale, AZ – A laboratory leased 1,836 SF at 7331 East Osborn Road, 7331 East Osborn Road. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Scottsdale, AZ – A marketing group leased 1,734 SF at 10789 North 90th Street. Tim Phillips represented the landlord.

Phoenix, AZ – An inspection service leased 1,519 SF at Mountain Sky Financial Plaza, 4001 East Mountain Sky Avenue. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Phoenix, AZ – An education company leased 1,397 SF at Mountain Sky Financial Plaza, 4001 East Mountain Sky Avenue. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

Glendale, AZ – A behavior specialist leased 674 SF at Il Palazzo, 5940 West Union Hills Drive. 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.

Our offices are located at 7201 East Camelback Road, Suite 250, Scottsdale, Arizona. 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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