Recent Transactions 2/20/2012
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Recent Transactions 2/20/2012

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Phoenix, AZ – February 21, 2012 – (RealEstateRama)
Sale Transactions:

Tom Young and Patrick Sheehan represented the seller, CAVCO Industries, Inc., on the purchase of a $1,570,000, 94,210 SF industrial property at 3502 W. Lower Buckeye Rd. in Phoenix. The buyer was the Garold C. Brown and Carol A. Brown Trust of Tucson and was represented by Garland Shaw of Ventura Properties, LLC.

Jeff Hays and Chad Neppl represented both sides of the transaction of a 2,178 SF building at 2925 N. 29th St. in Phoenix for $177,848. The buyer was GRSI on 29th LLC of Tempe. The seller was Jim and Myra Weir of Tempe.

Lease Transactions:

Laurel Lewis negotiated a 4-year, 2,248 SF office lease for tenant Horizon Home Health at Plaza at Squaw Peak, 7500 N. Dreamy Draw Dr. in Phoenix. The landlord, Plaza Squaw Peak LLC was represented by Christopher Krewson of Lee & Associates.

Lewis Lewis represented the landlord Frye Road II LLC of Tempe in the 5 year lease of 21,374 SF at Chandler 101, 444 S. Ellis St. in Chandler. Josh Wyss and Bruce Calfee of Cassidy Turley BRE represented the tenant, INSYS Therapeutics Inc.

Jeff Hays, Chad Neppl, Isy Sonabend and Laurel Lewis handled the transaction for tenant Roadway Electric LLC on the 19,891 SF, 3-year industrial lease at 2002-2010 W. Cheryl Drive in Phoenix. The landlord is Blondin Properties of Phoenix and was represented by Nancy Dixon of Commercial Properties Inc.

Chris Gerow, Shelby Tworek and Gabe Ortega negotiated a 1,420 SF, 5-year retail lease for Port of Subs at 635 E Indian School Rd. in Phoenix. Adrienne Bryant and Justin Rihs of DeRito Partners represented the landlord, Angel City Investment Corp.

Peggy Johnson & Leslie Zavos represented tenant, Martin Engineering & Surveying Inc. on a 3-year, 1,000 SF office lease at 7330 N. 16th St. in Phoenix. Laura Link of Canyon Ridge Realty, LLC. represented Gandala International Corp. of Mesa.

Peggy Johnson & Leslie Zavos also represented Mukta Properties Inc. of Alameda CA in the 1,338 SF, 2-year retail lease at 10624 N. 71st Pl. in Scottsdale. The tenant is Sedigheh Mardiha of Scottsdale.

Peggy Johnson & Leslie Zavos represented the Harvest Foundation in the 1-year, 1,713 SF office lease to the Lost Boys Center for Leadership Development at 701 N. 1st St. in Phoenix.

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About NAI Horizon
Established in 1992, NAI Horizon is a full-service commercial real estate company located in Phoenix, Arizona. NAI Horizon offers a full range of comprehensive real estate services including property management; brokerage and appraisal services to local, national and international clients. Serving the greater Phoenix metropolitan area, NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 350 offices in 55 countries worldwide. For more information visit www.naihorizon.com or www.naiglobal.com.

Contact:
Terry Martin-Denning 602.852.3438
COO/Designated Broker

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