Lee & Associates Arizona

A 30,120 SF office building at 6910 E. Chauncey Ln., in the North Scottsdale Corporate Center in Scottsdale sold for $5,180,640 or $172.00 per SF. The transaction closed on November 19.

Continental Plaza, a 37,400 SF retail shopping center at 855 W. University Dr. in Mesa sold for $1,612,500 or $43.11 per SF. The transaction closed on November 14. The neighborhood center was over 70 percent leased at the time of sale.

Lee & Associates Arizona has been awarded the marketing assignment at Cabot Commerce Center, a three-building project totaling 227,160 square feet.

A 27,800 SF Industrial warehouse at 7425 S. Harl Ave. in Tempe at the I-10/Elliot Industrial Park sold November 14 for $1,695,000 or $60.97 per SF. The building was 67% leased at time of sale.

A 38,225 SF, freestanding retail building at Emerald Design Center, 1725 West Ruby Dr., Building C in Tempe, has sold in an all-cash deal for $2,600,000 or $68.02 per SF.

Last Thursday, October 23, the Chandler City Council approved the Planned Area Development (PAD) zoning request and site plan approval for Chandler Airport Center, a general industrial park at the SWC of Germann and Cooper Roads in Chandler.

Phoenix Office Market The Phoenix office market ended the third quarter in a very strong position.

A 66,429 SF industrial warehouse at 4346 E. Elwood St. in Phoenix has sold for $5,198,069. Price per SF for the sale was $78.25. The entire site is comprised of 4.68 acres and includes two fenced yards that total .45 acres.

Lee & Associates is pleased to announce the sale of the two-building Superstition Springs Business Park at 7307 and 7427 E. Hampton Ave. in Mesa for $13,985,000 or $137.90 per SF. Total SF for the project was 101,411 SF.

A leading auto aftermarket company has signed a 10-year + lease for 109,060 SF at Canal Crossing Logistics Center at 5670 S. 32nd St. in Phoenix. The project is currently under construction.