2777 East Camelback Road, Suite 230  |  Phoenix, Arizona 85016  |  Phone: 480-994-8155   - map

GPE Commercial Advisors June 2011 Deal Summary

July 13, 2011 (Scottsdale, Arizona) – In June 2011, GPE Commercial Advisors reported closing three purchase transactions for $1.1M (10,360 square feet), 24 lease transactions for $9M (95,278 square feet), and three dental practice sales for $1M. Combined, GPE represented 30 completed transactions for $11M totaling 105,638 square feet.

Top transactions for the month:

In commercial real estate sales
Bret Isbell and Russell Fine represented the seller in the sale of 5,442 square feet for $540,000 ($99.23/SF) at Spectrum Falls, 2680 South Val Vista Drive, Scottsdale, Arizona.

In commercial real estate leasing
Sarah Weddle and Dave Sampson represented the landlord in the lease of 10,660 square feet at Mountain Vista Business Center, 10153 East Hampton Avenue, Mesa, Arizona.

Summary of transactions available for review:


 

June 2011 Sales

Scottsdale, AZ - Lucky 7, a medical practice, purchased 5,442 square feet at Spectrum Falls, 2680 South Val Vista Drive, for $540,000 ($99.23/SF). Bret Isbell and Russell Fine represented the seller.

Chandler, AZ - Center Line Group, a vocational school, purchased 3,884 square feet at 5080 South Gilbert Road for $510,000 ($131.31/SF). Bret Isbell and Russell Fine represented the seller.

 


June 2011 Leases

Mesa, AZ - A church leased 10,660 square feet at Mountain Vista Business Center, an industrial property at 10153 East Hampton Avenue. Sarah Weddle and Dave Sampson represented the landlord.

Phoenix, AZ - GPE Companies, a full service commercial real estate company, leased 7,974 square feet at 2777 East Camelback Road. Dominic M. Perry, CCIM, and David M. Genovese represented GPE Companies. Chris Latvaaho of Cushman and Wakefield represented the landlord.

Mesa, AZ - A nephrology practice leased 3,600 square feet at 135 South Power Road. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Gilbert, AZ - A pediatric practice leased 3,333 square feet at Mercy Gilbert Medical Plaza, 3420 South Mercy Drive. Julie A. Johnson, CCIM, Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.

Tucson, AZ - A laboratory leased 3,093 square feet at 6565 East Carondelet. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the landlord.

Phoenix, AZ - An optometry group leased 2,810 square feet at Clarendon Place, 300 West Clarendon Avenue. Julie A. Johnson, CCIM, represented the tenant.

Mesa, AZ - A family practice leased 2,763 square feet at Red Mountain Professional Plaza, 6335 East Main Street. Julie A. Johnson, CCIM, and Tracey Galligan represented the landlord.

Glendale, AZ - A pediatric practice leased 2,750 square feet at Sunwest Medical Center, 5757 West Thunderbird Avenue. Julie A. Johnson, CCIM, and Tracey Galligan represented the tenant.

Glendale, AZ - A laboratory leased 2,537 square feet at Sunwest Medical Center, 5757 West Thunderbird Road. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Phoenix, AZ - A medical imaging group leased 2,300 square feet at Royal Palms Plaza, 8618 North 35th Avenue. Russell Fine, Julie A. Johnson, CCIM, and Bret Isbell represented the landlord.

Gilbert, AZ - A software company specializing in shipping applications and technology leased 2,089 square feet at San Tan Professional Village, 3303 South Lindsay Road. Julie A. Johnson, CCIM, and Tracey Galligan represented the tenant.

Phoenix, AZ - A laboratory leased 2,041 square feet at Foothills Professional Village, 16515 North 40th Street. Nicholas A. Pelusio and Kathleen M. Morgan, CCIM, represented the tenant.

Phoenix, AZ - An industrial security company leased 1,757 square feet at Northwest Business Center, 2350 West Mission Lane. Tim Phillips represented the tenant.

Phoenix, AZ - A Karate studio leased 1,698 square feet at Cave Creek Commons, 20833 North Cave Creek Road. Sarah Weddle represented the landlord.

Show Low, AZ - A medical laboratory leased 1,600 square feet at 2450 East Show Low Lake Road. Kathleen M. Morgan, CCIM, and Nicholas A. Pelusio represented the tenant.

Tempe, AZ - A CPA firm leased 1,576 square feet at 4801 South Lakeshore Drive. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Glendale, AZ - An insurance group leased 900 square feet at 10265 West Camelback Road. Russell Fine and Bret Isbell represented the tenant.

Glendale, AZ - A family nurse practitioner business leased 788 square feet at The Citadelle, 19420 North 59th Avenue. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Glendale, AZ - A general office leased 696 square feet at The Citadelle, 19420 North 59th Avenue. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Benson, AZ - A laboratory leased 660 square feet at 880 West 4th Street. Kathleen M. Morgan, CCIM, represented the tenant and Nicholas A. Pelusio represented the landlord.

Tempe, AZ - A private counseling practice leased 480 square feet at Southern Avenue Medical Center, 2034 East Southern Avenue. Kathleen M. Morgan, CCIM, and Trisha A. Talbot, CCIM, represented the landlord.

Glendale, AZ - A website development company leased 461 square feet at Il Palazzo, 5940 West Union Hills Drive. Trisha A. Talbot, CCIM, and Kathleen M. Morgan, CCIM, represented the landlord.


About GPE Companies

Founded in 1973, GPE Commercial Advisors and GPE Management Services 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. 2011 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.

Our offices are located at 7201 East Camelback Road, Suite 250, Scottsdale, Arizona. Learn more about us at www.GPE1.com or visit us on Facebook, Twitter and LinkedIn. Convenient shortcuts to each location are www.gpe1.com/facebook, www.gpe1.com/twitter, and www.gpe1.com/linkedin.