Top Producers

AZRE spotlights the commercial real estate brokers from Arizona who closed the most business in 2018

1. (tie) John Kobierowski — senior managing partner 1. (tie) Alon Shnitzer — senior managing partner 1. (tie) Rue Bax — senior managing partner 1. (tie) Eddie Chang — partner 1. (tie) Doug Lazovick — partner

ABI Multifamily

NOTABLE DEAL:

The ABI Multifamily team of partners: John, Alon, Rue, Eddie, and Doug completed the sale of Town Center Apartments for $33,500,000. ABI represented both buyer and seller in the transaction.

David Jarand — principal James DeCremer — principal Mark Seale — principal and director of brokerage services Matt Milinovich — principal Wally Hale — principal and director of tenant advisory services

Avison Young

NOTABLE DEAL:

Avison Young’s most notable deal of 2019 was the Tata Consulting Services five-year renewed lease totaling $2.2 million. The deal was a result of principal Wally Hale’s, continued relationship with TCS on a national basis.

1. Mike Leonard 2. Chris Ray 3. Bryan Colombik 4. Daniel Sheldon 5. Priscilla Annoual

Catalyst Commercial Group NOTABLE DEAL: Mike Leonard of Catalyst CG

represented the buyer, Barrio Culinary Concepts on the purchase of the former Rock Bottom Brewery building at 7640 W. Bell Rd in Glendale. A new Barrio Queen restaurant will open there this summer.

1. Rocco Mandala 2. John Lenio 3. (tie) Tyler Anderson 3. (tie) Sean Cunningham 3. (tie) Asher Gunter 6. (tie) Matt Pesch

CBRE

7. Bruce Francis 8. Brad Anderson 9. Barry Gabel 10. (tie) Bryan Taute 10. (tie) Kevin Calihan

NOTABLE DEAL:

CBRE represented State Farm in the 350,000 SF sublease to Carvana at Marina Heights.

1. Jason Shepard 2. Gary Gregg 3. Scott Maxwell 4. Ryan Orton 5. Brandon Clarke 6. Jason Wery 7. Ted Liles 8. Cory Shepard 9. Chris Walton 10. Rod Beach

Cresa NOTABLE DEAL:

Headquartered in New York City, Fox Corporation purchased a 114,000 square foot building in the ASU Research Park in Tempe to use as their global Central Broadcasting Facility.

Colliers International

1. Todd Noel – Office Properties 2. Cindy Cooke – Multifamily Properties 3. Ryan Timpani – Office Properties 4. Payson MacWilliam – Industrial Properties 5. Don MacWilliam – Industrial Properties 6. Rob Martensen – Industrial Properties 7. Mindy Korth – Capital Markets 8. Brad Cooke – Multifamily Properties 9. Jim P. Keeley – Scottsdale Office - Office Properties 10. Phillip M. Breidenbach – Office Properties

NOTABLE DEAL:

Concorde Commerce Center I, 2222 W Dunlap Ave, Phoenix. Brokers Ryan Timpani and Todd Noel adamantly pursued the healthcare technology company to consider the building for their regional headquarters requirement and submitted an unsolicited proposal to pique interest.

THE BEST OF THE BEST

CONGRATULATIONS TO OUR TOP ARIZONA INVESTMENT PROFESSIONALS OF 2019

Marcus & Millichap’s Best of the Best represents the highest level of investment professionals in the industry. To be in this elite group of professionals means that these individuals truly epitomize the firm’s nearly 50-year commitment to unparalleled expertise gained though investment specialization, a culture of information-sharing and innovations in technology, research, and most importantly, client services. The success of our clients is celebrated by honoring our best of 2019.

CLIFF DAVID STEVE GEBING JAMIE MEDRESS MARK RUBLE PETER KATZ Senior Managing

Director Senior Managing

Director Executive Managing Director Senior Managing

Director Executive Managing Director

PAUL BAY RICH BUTLER CHRIS LIND

Senior Associate Senior Vice President First Vice President

JOSH TAMMEN

Senior Associate

HAMID PANAHI First Vice President

TO ACCESS THE REAL ESTATE INVESTMENT MARKET, CONTACT THE MARKET LEADER.

RYAN SARBINOFF Vice President/Regional Manager, Arizona 602.687.6700 Ryan.Sarbinoff@marcusmillichap.com

1. Jerome Roberts 2. Eric Wichterman 3. (tie) Michael Hackett 3. (tie) Ryan Schubert 5. Christopher Hollenbeck 6. Thomas Jacobs 7. (tie) David Fogler 7. (tie) Steven Nicoluzakis 9. (tie) William Strong 9. (tie) Andy Markham 9. (tie) Mike Haenel

Cushman & Wakefield NOTABLE DEAL:

DoorDash at The Grand II at Papago Park – The firm represented both sides of one of the largest office deals in Phoenix in 2019. One of the Phoenix firm’s tenant representation brokers represented DoorDash on a full building lease for 714,916 SF at 1127 W. Roosevelt Way in Tempe.

1. Karl Abert 2. Mike Ciosek 2. Eric Bell 4. Michael Dupuy 4. Fletcher Perry 6. Darren Tappen 7. Brian Rosella 8. Rachael Thompson 9. Dylan Scott 10. Erik Marsh

Kidder Mathews NOTABLE DEAL:

The Standard on 29th is a 357-unit apartment complex located at 2912 E. Indian School Road in Phoenix. It was purchased by Urban Communities, a real estate development and redevelopment company that focuses on the creation and renovation of urban infill sustainable communities, for $30,050,000.

1. Rich Andrus - Dental/Medical 2. Tanner Milne - Medical/Office/Investment 3. Grafton Milne - Office/Child Care 4. Mark Haslip - Dental 5. Steve Berghoff - Medical/Office 6. Stuart Milne - Medical/Office 7. Geoffrey Waldrom - Office 8. Jason Triano - Medical/Office 9. Tom Ellixson - Industrial

Menlo Group

NOTABLE DEAL:

Menlo Group advisors Grafton Milne and Tanner Milne facilitated the sale of 20,400 sq. ft. office space located at 1955 S. Val Vista Dr., Mesa. The property was one of the company’s first listings, and Menlo Group found multiple tenants for the building before negotiating the sale.

1. Robert Lundstedt 2. Chris Rodgers 3. Trevor McKendry

Daum

NOTABLE DEAL:

The most notable deal of 2019 was the sale of Desert Gateway, a 173,000 square-foot leased multi-tenant industrial project, located at 909 W. Pinnacle Peak Rd and 1000 W. Vista Bonita Drive, Phoenix, Arizona, in the Deer Valley industrial submarket. Seller was Duke/ Griffin Pinnacle Peak, LLC, the buyer was Greenwood McKenzie. Purchase price was $24 million.

1. Tony Bagneschi 2. Ken Reycraft 3. (tie) Jeremy Lovejoy 3. (tie) Matt Rinzler 3. (tie) Brian Stillman 6. Mike Ratliff 7. Tracy Glass 8. Sharon Contorno 9. David Mount 10. Joe Werner

Insight Land & Investments NOTABLE DEAL:

Insight's Mike Ratliff and Tracy Glass brokered an $18 million sale of an aging, 99,575 square foot office building at 600 E. Curry Road in Tempe. Camden Property Trust bought the property and razed the building and will build a 397 unit luxury multifamily project called Camden Hayden II.

1. (tie) Cliff David – IPA Senior Managing Director 1. (tie) Steve Gebing – IPA Senior Managing Director 3. (tie) Jamie Medress – Executive Managing Director 3. (tie) Mark Ruble – Senior Managing Director 5. Peter Katz – IPA Executive Managing Director 6. Paul Bay – Senior Associate 7. Rich Butler – Senior Vice President 8. Chris Lind – First Vice President 9. Josh Tammen – Senior Associate 10. Hamid Panahi – First Vice President

Marcus & Millichap NOTABLE DEAL:

Western Wealth Capital 12 - $211,000,000 – 12-Property Multi-Housing Portfolio “Our facilitation of the Western Wealth Capital 12 recapitalization was historic in the context of Greater Phoenix multifamily. No transaction of this magnitude within the workforce housing space had ever been previously executed. The offering generated significant interest because of its scale and strong underlying market fundamentals.

1. Laurel Lewis, Office 2. Lane Neville, Investment Sales (office and retail) 3. Shelby Tworek, Retail 4. Chris Gerow, Retail 5. Isy Sonabend, Industrial 6. Matt Harper, CCIM, Retail 7. Denise Nunez, Investment Sales (self-storage) 8. Troy Giammarco, Office 9. Gabe Ortega, Retail 10. Mike Gaida, Business/Industrial/Retail

NAI Horizon

NOTABLE DEAL:

Russ Warner, Andrew Warner and Victoria Filice brokered the largest sale, $16.4 million for a mobile home park in California.

Newmark Knight Frank

Tom Adelson CJ Osbrink Mike Garlick, Chris Krewson, Mike McQuaid Tim Westfall Brad Goff, Brett Polachek Chris Canter Ryan Ash Joe Doucett Kathleen Morgan Trisha Talbot NOTABLE DEAL:

NKF’s Capital Markets group represented the sellers, Lincoln Property Company and Goldman Sachs & Company LLC, in the sale of The Grand at Papago Park Center Phase I. The Class A+ office building located in Tempe was sold for $90 million.

1. Ed Beeh 2. Alan Houston 3. Robbie Petty 4. Chuck Gibson 5. Sean Lieb 6. Scott Ellsworth 7. Brian Polachek 8. Mike Polachek 9. Greg Valladao 10. Brad Balbo

SRS NOTABLE DEAL:

SRS represented the buyer and seller in the sale of El Super Center at Camelback Road and 23rd Avenue. Ed Beeh and Robbie Petty also represented the tenant, El Super in the lease transaction.

1. (tie) Justin Horwitz 1. (tie) Paul Borgesen III 2. Rommie Mojahed 3. Beau Flahart 4. Mary Nollenberger 5. Carrick Sears 6. Jonathan Levy 7. Nicole Ridberg 8. Eddie Gonzalez 9. Danny Lee 10. Kevin Weller

SVN | Desert Commercial Advisors NOTABLE DEAL:

Justin Horwitz and Paul Borgesen III have facilitated another transaction representing Fore Properties in the acquisition of the former O’Neil Printing building for $9,325,000. The sale will bring some extraordinary real estate development for the 2nd Ave. & Filmore St. area over the next year. The development plans for a high-end mixed-use development.

Velocity Retail Group

1. (tie) Dave Cheatham 1. (tie) Darren Pitts 3. Brian Gast

NOTABLE DEAL:

Darren Pitts represented EBCO, Inc. the owner of four separate La-Z-Boy showrooms in Chandler, Goodyear, Tucson and Prescott Valley in the portfolio investment sale to VEREIT Acquisitions, LLC. Each building was backed by new leases with La-Z-Boy corporate.

1. Jim Fijan 2. Mark Stratz 3. Scott Baumgarten 4. Bill Zurek 5. Jim Achen 6. Justin Himelstein 7. Brian Zurek 8. Jack Fijan 9. Travis Dana 10. Kate Morris

Transwestern NOTABLE DEAL:

Jim Fijan of Transwestern, along with Alex Hayden of CBRE, negotiated the $65 million sale of the former Henkel Corporate Center. An iconic, 367,000-square-foot office building at 7201 E. Henkel Way in Scottsdale. The building was renamed to Ilume after the deal took place in December 2019. Mark Stratz, Vince Femiano and Scott Baumgarten of Transwestern will be providing leasing services for the property.

1. James Hill 2. Paul Blum 3. Howard Rudin 4. Tarja Panfil & Johnnie Panfil 5. Tony Micich 6. Michael Wood 7. Scott Burley 8. Tom Wolf 9. Rebecca Roberts 10. Rob Ryan

West USA Realty

NOTABLE DEAL:

West USA's team brokered the $7,645,000 sale of the Lakeshore Hotel & Suites in Fountain Hills. The 104-room hotel was built in 2005 and sits across the street from Fountain Park.

DISTINCTIVE NAME. DISTINCTIVE PROJECTS.

We are proud to work with our partners during these challenging times and create distinctive projects for the benefit of our communities.

1365 N Scottsdale Rd, Suite 110 • Scottsdale, AZ 85257, USA

480 829 5757

HOLUALOA.COM

Holualoa Companies is a real estate investment firm managing assets that span the United States and Europe. Holualoa invests strategically in office, retail, industrial, multifamily, hotel and mixed-use properties. With a 35-year track record of success, and through some of the most challenging times our country has faced, our skilled and ambitious management team produces steady results through unsteady markets by leveraging our talent and experience to serve our partners, investors and tenants. We look forward to working with them to weather these difficult conditions.

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