Leased/Sold
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Leased!
Parties:
Jose Ramirez
Location: 3666 N. Miller rd, Scottsdale, AZ, 85251
Comments: We have leased our listing at 3666 N. Miller for modern office space in old town Scottsdale-
Date: May 08, 2018
Transaction Amount: $0
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Sold!
Parties: Alex Rodriguez-Torres III
Location: 1940 – 1962 SE Port St. Lucie Blvd, Port St. Lucie , FL, 34952
Comments: Property sold on May 4th 2018 for $1,700,000
Date: May 04, 2018
Transaction Amount: $1,700,000
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Sold!
Location: 6238 E. Pima St., Tucson, AZ, 85712
Comments: Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead and Greg Guglielmino brokered the sale of a single-tenant medical office building in Tucson for $1.175 million. Located at 6238 E. Pima St., the Lee & Associates team represented both the buyer and seller in the sale of the single-tenant triple net (NNN) lease property.
Constructed in 1998 as a build-to-suit for this specific use, NextCare Urgent Care has leased the space for the last 20 years. Located along one of the busiest traffic corridors in Metropolitan Tucson, the property’s location benefits from high multifamily and single-family density as well as strong retail tenants from national and regional companies.
Date: Apr 25, 2018
Transaction Amount: $1,175,000
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Sold!
Location: 10445 N. Oracle Road, Tucson, AZ, 85737
Comments: Lee & Associates Investment Principals Steve Gonzalez, Marcus Muirhead and Greg Guglielmino brokered the sale of Rooney Ranch Professional Plaza, a three-building business park totaling 34,237 square feet, to a local investment entity for $6.715 million on April 25.
Lee *& Associates Principals Steve Gonzalez, Marcus Muirhead and Greg Guglielmino represented the seller, Berkeley Land Co. Inc., from Danville, Calif. The buyer was the Clover Companies, LLC, from Tucson, Ariz. represented by Swain Chapman of Chapman Management Group.
“Rooney Ranch Professional Plaza’s long-term occupancy history and office/medical office tenant mix makes this offering an attractive opportunity,” Guglielmino explains. “The demographics of the area, proximity to the 550,000-square-foot Rooney Ranch power center and frontage on the Oracle Road make up this a great acquisition for the buyers. Swain’s long-standing knowledge of the subject as property manager helped make this a smooth and fair transaction for buyer and seller.”
The property, constructed in 1991 and 1998, consists of a campus with three office buildings situated on an approximate 3.95 acres in the Town Center and commercial hub of Oro Valley, Ariz.
Date: Apr 25, 2018
Transaction Amount: $6,715,000
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Sold!
Parties:
Location: 4250 Virginia Ave, St Louis, MO, 63111
Comments:
Date: Mar 22, 2018
Transaction Amount: $0
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Sold!
Parties: Patrick Dempsey, Jan Fincham
Location: 701 N. Grand Ave., Phoenix, AZ, 85007
Comments: April 2, 2018 – PHOENIX — Lee & Associates Arizona announced today that the Fincham Dempsey Team has arranged the sale of the Tuft & Needle Corporate Headquarters and retail showroom building for $8.73 million. Jan Fincham and Patrick Dempsey facilitated the transaction on behalf of the seller, SimonCRE Chisum III, an entity of Scottsdale-based developer SimonCRE. The buyer, Retail Realty Fund was represented by Property Group International.
Located in Downtown Phoenix at 701 N. Grand Ave., the 36,000-square-foot historic building was originally constructed in 1917 and served as home to the O.S. Stapley hardware store, which closed in 1962. The building was later used as an appliance store, industrial repair and car shop before being shuttered and then brought back to life most recently as a retail showroom and office space.
The property was purchased in 2012 by SimonCRE, and was renovated as an adaptive re-use creative office space for the headquarters of Tuft & Needle, a Phoenix-based e-commerce and manufacturing company founded by Daehee Park and John-Thomas Marino.
“The Tuft & Needle building was attractive to the investor because of the quality adaptive re-use renovation by SimonCRE, the stability of a long-term lease to nationally recognized tenant Tuft & Needle, and the location in the heart of the vibrant Downtown Phoenix Redevelopment Area,” said Fincham.
This was just one of several properties that SimonCRE owns in the area. The developer also owns a 5,000-square-foot redevelopment project adjacent to Tuft & Needle, and recently closed on the 8,800-square-foot former Paper Heart Gallery at Grand Avenue and Polk Street.
"This sale really shows the strength of the Grand Avenue District and the demand in the area," said Joshua Simon, Founder and CEO of SimonCRE.
Date: Apr 02, 2018
Transaction Amount: $8,730,000
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Sold!
Parties: Frank Kupiec
Location: Bonita Springs, FL, 34135
Comments:
Date: Apr 25, 2018
Transaction Amount: $1,250,000
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Sold!
Parties:
Location: 1505 E. Ave J, Lampasas, TX, 76550
Comments: This property was sold then leased by the new owners.
Date: Jan 21, 2018
Transaction Amount: $550,000
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Sold!
Parties:
Location: 520 Telser Rd, Lake Zurich, IL, 60047
Comments:
Date: Jan 05, 2017
Transaction Amount: $0
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Sold!
Parties:
Location: 105 E Front St,, Wheaton, IL, 60187
Comments:
Date: Apr 15, 2017
Transaction Amount: $0
Cap Rate: 6.00%
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Leased!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 20872 N Rand Rd, Kildeer, IL, 60010
Comments:
Date: Apr 04, 2018
Transaction Amount: $0
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Sold!
Parties: Barbara J. Bialon
Tom Segers
Location: 8510 W. Corning Ave., Peotone, IL, 60468
Comments:
Date: Mar 29, 2018
Transaction Amount: $215,000
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Sold!
Parties:
Stuart Sloat
Location: 7535 Banner Court, Colorado Springs, CO, 80918
Comments:
Date: Mar 14, 2018
Transaction Amount: $525,000
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Sold!
Parties:
Stuart Sloat
Location: 425 E Willamette, Colorado Springs, CO, 80903
Comments:
Date: Mar 27, 2018
Transaction Amount: $2,625,000
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Sold!
Parties:
Stuart Sloat
Location: 900 S Harrison, Denver, CO, 80209
Comments:
Date: Feb 02, 2018
Transaction Amount: $1,250,000
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Sold!
Parties: Simeon Spirrison, CCIM, George Spirrison, CCIM
Location: 369 - 373 Roosevelt Road, Glen Ellyn, IL, 60137
Comments:
Date: Mar 15, 2018
Transaction Amount: $2,900,000
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Sold!
Parties: Leah Witko
Location: 79 N Pearl Street, Albany, NY, 12207
Comments: SOLD
Date: Mar 19, 2018
Transaction Amount: $800,000
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Leased!
Parties: Kristian Lee
Location: 2801 Ogden Avenue, Lisle, IL, 60532
Comments:
Date: Mar 01, 2018
Transaction Amount: $0
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Sold!
Parties: Kristian Lee
Location: 706 W. Baltimore, Wilmington, IL, 60481
Comments:
Date: Aug 15, 2017
Transaction Amount: $0
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Sold!
Parties: Patrick Dempsey, Jan Fincham
Location: 5845 W. Bell Road, Glendale, AZ, 85308
Comments: Lee & Associates Arizona announced today that the Fincham Dempsey Team arranged the sale of the 118,377-square-foot Talavi Towne Center for $21.9 million. Principals Jan Fincham and Patrick Dempsey facilitated the transaction on behalf of the seller, Kimco Towne Center, LLC, and the buyer, Talavi Bell, LLC.
Situated on 12.25-acres at 5845 W. Bell Road in Glendale, Ariz., the property’s tenants include WalMart Super Center, MOR Furniture, Dollar Tree, Leslie’s Pool Mart and Cricket Wireless.
“Talavi Towne Center is attractive to investors because of its strategic location in the Northwest area of Phoenix, two miles east of Arrowhead Mall,” said Dempsey. “The property sits in an infill location with significant barriers to entry for any new future retail development, ensuring the stability and long-term success of Talavi Towne Center.”
According to Fincham, 330,000 residences live within a 5-mile radius of the shopping center and earn an average annual household income of more than $73,000. For more information on the property, visit www.leearizona.com, contact Dempsey at (602) 954-3772, or contact Fincham at (602) 954-3754.
Date: Mar 02, 2018
Transaction Amount: $21,900,000
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