GOODYEAR, ARIZ. — REI’s distribution center in Goodyear, Ariz., has achieved LEED (Leadership in Energy and Environmental Design) Platinum certification — the highest level in the U.S. Green Building Council’s (USGBC) green building rating system — making it the first distribution center in the U.S. to achieve both LEED Platinum certification and Net Zero Energy. The facility is the first distribution center to earn Platinum certification in 2016 and, at 400,000 square feet, is the second largest Platinum-certified distribution or warehouse facility in the U.S. REI achieved LEED Platinum certification by implementing sustainable strategies and solutions throughout the building, including a 2.2 megawatt solar energy system, water conservation and restoration systems, eco-friendly building features and a recycling program that reuses 93 percent of the center’s waste. Butler Design Group, Rocky Mountain Institute, Merit Partners Inc., The Renaissance Companies, DMW&H, KNAPP, CBRE and EDF Climate Corps. helped achieve the certification. REI is a specialty outdoor retailer headquartered near Seattle with 149 stores in 36 states.
Arizona
SCOTTSDALE, ARIZ. — MG Properties has acquired the 330-unit Broadstone Scottsdale Horizon apartment community for $51 million. The community is located at 9259 E. Raintree Drive in Scottsdale. Common areas include a resort-style pool, resident clubhouse, business center and fitness facility. Broadstone Scottsdale Horizon was built in 1986. JLL’s John Cunningham and Charles Steele represented the seller, a joint venture between Rockwood Capital and Alliance Residential Co.
SCOTTSDALE, ARIZ. — Clear Sky Capital EBH LLC has acquired the 164-unit Tatum Place apartment community in Scottsdale for $18 million. The community is located at 16801 N. 49th St. Tatum Place was built in 1984. Amenities include two swimming pools, sun decks, a spa, fitness center, gas barbecue grills and picnic area, laundry facility, gated access and covered parking. David Fogler and Steven Nicoluzakis represented the seller, NNC Tatum Place, in this transaction.
GILBERT, ARIZ. — A joint venture between Trammell Crow Co. and Artis REIT has announced the development of the third phase of Park Lucero, a 146,832-square-foot industrial building in Gilbert. The facility will be located at 280 E. Germann Road. The build-to-suit project is fully leased by Silent-Aire USA manufacturing company. This is the third of four phases at Park Lucero. Phase II, a 131,796-square-foot general industrial building, is currently under construction and scheduled for completion in January 2017. Upon full buildout, Park Lucero will consist of nearly 600,000 square feet of industrial space in six buildings. Park Lucero is planned as a Class A industrial park with a combination of buildings situated on 48 acres at the northwest corner of Mustang Drive and Germann Road. Western Alliance Bank is the project lender. Butler Design Group serves as lead architect and D.L. Withers Construction serves as general contractor. Rusty Kennedy of CBRE Phoenix represented Silent-Aire in the lease transaction. JLL’s Pat Harlan and Steve Larsen represented the landlord and handle the leasing and marketing for Park Lucero.
TUCSON, ARIZ. – Money 360 has funded a $3.2 million bridge loan for the acquisition of a multifamily community in Tucson. The recourse loan carries a 9.9 percent interest rate. It features a three-year fixed rate with three months yield maintenance.
CHANDLER, ARIZ. AND IRVING, TEXAS — Columbia Property Trust Inc. has sold CVS Health Tower in Irving, a western suburb of Dallas, and SanTan Corporate Center in Chandler, a southern suburb of Phoenix, for $109.5 million. With the sales, Columbia has exited the Dallas and Phoenix markets and will use the profits for reinvestment in its target markets. The buyers were not disclosed. CVS Health Tower is a 315,000-square-foot, Class A office building located at 750 W. John Carpenter Freeway. The building is primarily leased to CVS Caremark, an independent pharmacy benefit management provider. IBM also maintains a lease at the property. The 12-story building was completed in 1999 and acquired by Columbia in 2006. SanTan Corporate Center consists of two office buildings totaling 267,000 square feet, completed in 2000 and 2003. Columbia acquired the buildings in 2006. Both buildings are 100 percent leased. Toyota Financial Services fully occupies SanTan Corporate Center I, while multiple tenants occupy SanTan Corporate Center II. With these sales, Columbia has completed $660.5 million of dispositions in 2016. Atlanta-based Columbia Property Trust owns and operates Class A office buildings. The company’s portfolio includes 21 office properties and one hotel. -Kristin Hiller
PHOENIX — City Office REIT has acquired a 175,835-square-foot office building in Phoenix for $42.6 million. The Class A building is located at 5090 N. 40th St. within the Camelback Corridor. It is more than 90 percent leased. The seller was a joint venture between Lowe Enterprises and J.P Morgan Asset Management. CBRE’s Jim Fijan and Will Mast negotiated the transaction.
PHOENIX — National Healthcare Realty and Development has announced plans to build McDowell Medical Commons, a 25,000-square-foot medical office building in Phoenix. The project will be located at 10650 W. McDowell Road. The Class A project will be situated at the northeast corner of 107th Avenue and McDowell Road. McDowell Medical Commons is slated for groundbreaking in 2017. Rachel Thompson and Michael Dupuy of Colliers International will serve as the project’s exclusive leasing agents.
MESA, ARIZ. — Housing Trust Group (HTG) has broken ground on the 325-unit Aviva apartment community in Mesa. The $63 million community will be located at 8350 E. Baseline Road. Aviva is scheduled to open in the third quarter of 2018. This is HTG’s first multifamily development in Arizona. Biltform Architecture Group designed the community, which Chasse Building Team will construct. HTG acquired the 16-acre vacant tract for $6.5 million. The firm also secured a $47.1 million construction loan from Walker & Dunlop.
GLENDALE, ARIZ. — Cushman & Wakefield has arranged the $14.8 million sale of Bell Tower Village, a 166,830-square-foot shopping center in Glendale. Walgreens anchors the center, which was 63.6 percent leased at the time of sale to tenants including Planet Fitness, Harbor Freight Tools, Freddy’s Frozen Custard & Steakburgers, Audio Express and Mattress Firm. Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the seller, Bell Tower Village LLC, in the transaction. New Bell Tower LLC, a company formed by DPC Development Co., acquired the property.