PHOENIX — Voit Real Estate Services has sold 23 industrial condos in Phoenix's Deer Valley Commerce Center Park. The condos totaled 58,437 square feet, and were sold for a total consideration of $2.23 million. Deer Valley Commerce Center Park is a 360,000-square-foot property in the North Phoenix business corridor. The seller, NextGen Commercial, LLC, was represented by Voit's Darren Tappen, who worked with Cushman & Wakefield's Pat Harlan, Steve Sayre and Kyle Westfall. DAUM Commercial's Bob Lundstedt and Colliers International's Jim Keeley represented the buyer, Birchwood Heights Equity Corporation.
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INLAND EMPIRE, CALIF. — CB Richard Ellis' office brokerage team of Taylor Ing, Michael Day and Drew Sanden has joined Cushman & Wakefield’s Inland Empire office. Ing joins Cushman & Wakefield as executive director, Day will act as senior director and Sanden will serve as associate director.
WAIPAHU, HAWAII — Westcore Properties has purchased the 250,460-square-foot Waipio Business Center, a four-building industrial campus in Waipahu, for an undisclosed sum. The property is currently 20 percent leased. This is the firm's first Hawaii-based acquisition. Westcore Properties represented itself in the transaction.
ONTARIO, CALIF.– Jones Lang LaSalle represented Dal-Tile in a lease renewal for 410,515 square feet of industrial space in Ontario. JLL's executive vice president Sam Foster, managing director Mike McCrary and associate Chris Brandt represented Dal-Tile in the transaction. The property owner, Sares-Regis, represented itself.
PHOENIX – Jones Lang LaSalle has expanded its Phoenix-based office space by 35 percent, and named Pat Williams as head of the firm’s tenant representation broker team. The new office will occupy 11,934 square feet at 3131 E. Camelback Rd. in Phoenix. Williams is an 11-year industry veteran who will head the Jones Lang LaSalle's Phoenix tenant representation team.
PHOENIX – Cassidy Turley BRE Commercial has sold Lakeside Center, a multi-tenant office park in Phoenix, for $5.44 million. The 152,600-square-foot park was purchased by Houston-based Boxer Properties. The seller was Phoenix-based Trident Pacific Real Estate Group, which acted as a court-appointed receiver on behalf of Midland Loan Services. Cassidy Turley's Eric Wichterman, Mike Coover, Bob Buckley, Tracy Cartledge, Steve Lindley, Gordon Raguse and Tom Jacobs represented both the buyer and the seller.
PHOENIX — CB Richard Ellis has sold two low-rise office buildings in Phoenix for $5.85 million. The first is a four-story, 154,016-square-foot building located at 18444 N. 25th Ave. The multi-tenant building is 36 percent occupied. The second is a 5,070-square-foot office building that is located at 18456 N. 25th Ave. CBRE's Barry Gabel, Mindy Korth, Bob Young, Glenn Smigiel, Steve Brabant, Rick Abraham, Ashley Brooks and Jim Bayless represented the seller, Trisail Funding, which had acquired the property through foreclosure. The buyer was Phoenix North 25th Avenue LLC.
ANAHEIM, CALIF. — NorthMarq Capital has arranged $3.1 million in first-mortgage financing for Anaheim Foursquare Church, a 19,425-square-foot industrial property. The loan included a 10-year term and a 30-year amortization schedule. Financing was arranged by NorthMarq's David Blum, senior vice president and senior director of the firm's Los Angeles regional office.
PHOENIX — Phoenix Packaging Operations LLC has signed a five-year lease to occupy a 104,352-square-foot manufacturing and distribution facility in Chandler, Ariz. The facility, which is situated on 8.5 acres, will be used to manufacture packaging for the food packaging industry. Mike Parker and Evan Koplan from Colliers International's Greater Phoenix office represented the landlord, Primrose Properties. Phoenix Packaging represented itself.
LOS ANGELES — Jones Lang LaSalle has negotiated a lease renewal for 71,981 square feet of office space at Ernst & Young Plaza for Lockton Insurance Brokers, LLC. Ernst & Young Plaza is a 41-story, Class A office building in Downtown Los Angeles. Jones Lang LaSalle's managing director Tony Morales, senior vice president Christina Noonan and senior associate Maureen Hawley represented Lockton in the transaction. The landlord, EYP Realty, LLC, was represented in-house by John Barganski.