GPE Closes 348,967 Square Feet for $5.6M in February 2012

For Immediate Release:

GPE Closes 348,967 Square Feet
for $5.6M in February 2012

Arizona Commercial Real Estate Transaction Report

GPE Commercial Advisors (gpe1.com) reported closing 18 commercial transactions in the amount of $5.6M for 355,515 square feet in February 2012.

• $3.6M in commercial sales (327,393 SF)
• $2M in commercial leases (28,122 SF)
• One business sale for $100,000.00

GPE Management Services successfully concluded construction supervision for tenant improvement projects totaling over $150,000 and 9,688 square feet of space.

Partial list of closed deals:

Sales

Apache Junction, AZ – Heavens Medical, PLC purchased 10,040 SF for $395,000 at 105 South Delaware Drive. Bret Isbell and Russell Fine represented the seller.

Medical Sales

Phoenix, AZ – HealthSouth Corporation, the nation’s largest owner and operator of inpatient rehabilitation hospitals in terms of revenues, number of hospitals, and patients treated and discharged, purchased 299,429 SF for $2,620,030 at Algodon Medical Office Park, Lots 8, 9, and portion of Lot 10. Julie A. Johnson, CCIM, represented the buyer.

Medical Leases

Phoenix, AZ – A pain management center leased 3,390 SF at Camelback Medical Plaza, 5040 North 15th Avenue. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Scottsdale, AZ – A laboratory leased 2,859 SF at Scottsdale Ridge, 21803 North Scottsdale Road. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Phoenix, AZ – An urgent care center leased 2,826 SF at Estrella Health Center, 9250 West Thomas Road. Julie A. Johnson, CCIM, Bret Isbell and Russell Fine represented the landlord.

Lake Havasu City, AZ – A laboratory leased 1,445 SF at 1915 McCulloch Boulevard. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Office Leases

Gilbert, AZ – A property management service leased 1,098 SF at 1420 North Greenfield Road. Trisha A. Talbot, CCIM, Kathleen M. Morgan, CCIM, and Amy Dattilo represented the landlord.

School Leases

Phoenix, AZ – A nursing school program leased 4,316 SF at St. Luke’s Medical Building, 555 North 18th Street. Nicholas A. Pelusio represented the landlord.

Apache Junction, AZ – Heavens Medical, PLC purchased 10,040 SF for $395,000 at 105 South Delaware Drive. Bret Isbell and Russell Fine represented the seller.   (pic)

Phoenix, AZ – A pain management center leased 3,390 SF at Camelback Medical Plaza, 5040 North 15th Avenue. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.  

Phoenix, AZ – An urgent care center leased 2,826 SF at Estrella Health Center, 9250 West Thomas Road. Julie A. Johnson, CCIM, Bret Isbell and Russell Fine represented the landlord.   (pic)

Gilbert, AZ – A property management service leased 1,098 SF at 1420 North Greenfield Road. Trisha A. Talbot, CCIM, Kathleen M. Morgan, CCIM, and Amy Dattilo represented the landlord.   (pic)

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.

2012 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 Commercial Advisors
2777 East Camelback Road, Suite 230
Phoenix, Arizona 85016
480-994-8155 | www.GPE1.com