Phone (480) 214-1107Tempe, AZ (April 16, 2014) — Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, reports its Top Five transactions.
In total the firm completed 128 transactions in March for a total of 888,662 square feet.
Leading the Sales Transactions Category, Leroy Breinholt and Darin Edwards handled both sides of the deal for a 42,886 SF Industrial space sold to WNG Industrial, LP, at 819 - 835 West 22nd Street in Tempe for $2,250,000.
In land sales, Eric Butler and David Verwer sold approximately 4 acres for the owner at 6424 E Cave Creek Road, in Cave Creek, Arizona to Schuey, LLC, for $973,420.
Ken Elmer leased a ±4,600 SF retail space at 10330 N. Scottsdale Road in Scottsdale to Arizona Urgent Care,LLC in the Total Wine Center. "This pad building is just south of Shea Blvd on the Scottsdale road frontage, and was formerly occupied by Alphagraphics," said Elmer.
Jeff Hays, Chad Neppl and Ryan Steele sold approximately 2 acres of industrial land at 4010 E. Raymond Street in Phoenix to McGilicuddy Industrial Partners, LLC, for $670,000. "The buyer is planning to construct a ±30,000 SF Office/Warehouse freestanding building," said Hays.
Andy Jaffe, SIOR handled both sides of the deal and sold a 5,500 SF office property at 5020 N. 8th Place in Phoenix for $550,000 to 777 Properties, LLC. "This was an essential piece of a larger deal which Earnhardt's has planned for a Lexus Dealership at Camelback Road and 8th Place," said Jaffe.
About Commercial Properties Inc./CORFAC InternationalCPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI's listings include more than 55.5 million square feet for sale/lease, and 130 projects under property management, totaling approximately 4.5 million square feet. Please visit our web site at www.cpiaz.com.
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