CORFAC News

Contact: Jason Price
Commercial Properties, Inc.
Phone (480) 214-1107
Fax (480) 966-2307

Tempe, AZ (August 30, 2012)

Sale Transactions
Jason Scanlan and Leroy Breinholt of Commercial Properties Inc./CORFAC International (CPI) represented the buyer, Corporation of the Presiding Bishop, in the sale of 459,653 SF (10.552 Acres) for $3,677,224.  Chad Russell and Randy Titzck of Land Advisors Organization were also involved in the transaction.  The seller was Dos Compadres Association (WM Grace Development Company).

John G. Soldo, SIOR of CPI negotiated the sale of a 39,993 SF industrial building representing the buyer, DMDE Properties, LLC, for $2,120,000.  The property is located at 730 West 22nd Street in Tempe, AZ.  The seller was Magnotto Thompson Properties.

Rex Griswold of CPI negotiated the sale of a 14,337 SF industrial building representing both the seller, DCSJ, LLC., and the buyer, St. Ignatius Greek Orthodox Church of Antioch for $1,100,000 at 5515 E. Redmont Circle in Mesa, AZ.

Lease Transactions
John G. Soldo, SIOR  and Leroy Breinholt of CPI represented the landlord, San Tan Development, LLC., in a 68,733 SF, multi-year lease transaction of a two building complex at 2805 W. Frye Road, and 315 South Bracken Lane in Chandler, AZ.  The new tenant is B2E Surplus, LLC.

Darin Edwards and Leroy Breinholt of CPI represented the landlord, SFERS Real Estate Corp. M for a multi-year lease of 1849 West Drake Drive, Suite 101/102 in Tempe, AZ.  Jason Scanlan of CPI represented the tenant, Elite Delivery Services who leased 28,000 SF.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service brokerage and property management firm for all product types.  Headquartered in Tempe, the company has over 50 brokers and occupies two offices locally.  Currently, CPI's listings include more than 55.5 million available square feet for sale or lease, and over 100 projects, approaching 4.5 million square feet under management.  Please visit our web site at www.cpiaz.com.