Real Estate / Big Deals / Brokerage / Here are CRE’s top producers of 2018
It’s no secret that things are good in commercial real estate. From big industrial deals, to blockbuster multifamily transactions to continued interest in the Valley’s urban core, Metro Phoenix brokerage firms have had a lot to celebrate since things started turning around after the Great Recession. And leading the way to the banner year were the top producers of 2018.
So who stood out in a year packed with standout deals? Here are the top performers for 2018 and some of the deals that led the way, broken down in alphabetical order by brokerage.
1. Mark Seale — Principal, Director of Brokerage Services
3. Bret Isbell — Senior Vice President
Notable Deal: Avison Young Arizona represented Great Western Bank on 3 lease transactions in 2018 with the most recent being a 10-year lease for 8,410 sf of office space and 2,531 sf of retail space.
5. Rocco Mandala — Debt & Structured Finance
10. Bruce Francis — Debt & Structured Finance
Notable Deal: CBRE represented Liberty Property Trust in the $255M sale of a five-building, 806,000-square-foot office portfolio comprised of Liberty Center at Rio Salado and 8501 East Raintree Drive.
Notable Deal: Colliers International completed a $21.8 million lease deal for the Blackhawk Corporate Center 1, 20401 N. 29th Ave., Phoenix
Notable Deal: The Commercial Properties Inc. multifamily team of Kimbery Rollins and Dallan Randall negotiated the $11.35 million sale of The Grove at Palm Lane, a 42 unit multi-family property at 2000 N. 36th St., in Phoenix.
Notable Deal: Cresa project management team member Cory Shepard led the $7.5 million tenant improvement project deal for the Indeed.com Regional Office, 4343 N. Scottsdale Road, Scottsdale
4. Mike Haenel, Andy Markham, Will Strong
Notable Deal: The Cushman & Wakefield team of Chris Toci, Chad Littell, Greg Mayer and Jim Wilson represented Ryan Companies in the $67 million sale of the McKesson Scottsdale Campus, 5601 N. Pima Rd., Scottsdale
Notable Deal: DAUM Commercial Real Estate Services completed the 10-year lease of 48,000 square feet of industrial property at 6615 W. Boston St. in Chandler, on behalf of Advanced Circuits.
Notable Deal: Paul Serafin and De Rito Partners represented the landlord on the Staybridge Suites Scottsdale – Talking Stick project at 9141 E. Hummingbird Lane in Scottsdale.
1. Matt Rinzler, Jeremy Lovejoy, Brian Stillman
Notable Deal: Insight Land & Investments’ Dave Mount represented the owners in a deal for 1,130 acres in southwest Avondale that will become Alamar, a development by Brookfield Residential.
Notable Deal: The JLL tenant representation team negotiated a 130,000 square foot transaction (with expansion options) for The Vanguard Group. This transaction, completed with Equus, will bring over 1,000 new jobs to Scottsdale.
2. tie, Fletcher Perry and Michael Dupuy — Healthcare
6. tie, Michael Ciosek and Eric Bell — Industrial
Notable Deal: The Kidder Mathews team negotiated a $34 million deal for the Blackhawk Corporate Center Portfolio sale, 20401 N 29th Avenue, 2902 & 3010 W Agua Fria Freeway Phoenix.
1. Trenton McCullough/Mark Cassell — Multi Tenant Retail Investments
2. Zak Kottler/Joe Cosgrove/Hunter Chasse — Office/Flex Sales and Leasing
3. Keri Davies/Jason Reddington — Office Sales and Leasing
4. Michael Waxman/Foster Bundy — Office Sales and Leasing
5. Matt Leonard/Hunter Peek — Office Sales and Leasing
Notable Deal: Zak Kottler and Joe Cosgrove of LevRose brokered the $5.5 million deal for two properties, 15555 and 15575 N. 79th Place, in the Scottsdale Airpark area.
2. (tie) Jamie Medress and Mark Ruble
4. (tie) Steve Gebing and Cliff David (IPA)
Notable Deal: Marcus & Millichap’s team of Steve Gebig and Cliff David brokered the deal for Escape Apartments, a 244 unit multi-family property at 4700 North 16th Street, Phoenix.
1. Denise Nunez — Investment sales (self-storage)
Notable Deal: The NAI Horizon team of Lane Neville, Barbara Lloyd and Logan Crum negotiated a $14 million investment acquisition of the Deer Valley Center, a 128,569 square foot portfolio at 4123-4273 W. Thunderbird Rd., in Phoenix.
1. Nate Nathan, Ryan Duncan, Max Nathan, Courtney Buck
2. David Mullard, Casey Christensen, Amy Waters, April Williams
3. Daniel Baldwin, Sean Gillespie, Valerie Haupt, Amber Young
4. Don Gerron, Jennifer Nuss, Sarah Thoren, Joseph Colucci, Hannah Thoren
Notable Deal: Nathan & Associates negotiated a $60.5 million sale of 257.83 acres of land to Toll Brothers for the planned Sereno Canyon development in north Scottsdale, which will feature 299 home sites and 176 acres of open spaces.
1. Mike Garlick, Chris Krewson, Mike McQuaid — Office
Notable Deal: Newmark Knight Frank negotiated the sale for the recently renovated The Quad at 6300 E. Thomas Rd., in Scottsdale. The Quad offered the buyer one of the only true creative campus-style office projects within the greater Phoenix area.
1. Michael Achtman & Jennifer Eggert
Notable Deal: ORION Investment Real Estate negotiated the $16 million sale of 7 Thousand Shea, an iconic, 145,000 square foot, mixed-use property located in Scottsdale.
Notable Deal: Megan Reeves and Bill Cook represented owner, ARHC PRPEOAZ01, LLC, in signing Daniel L. Bangart, DPM, P.C. at Plaza del Rio Medical Center I, 13660 N. 94th Dr., Peoria. Total Lease value of $3.3 million, 6,800 sf, 17 year deal.
Notable Deal: SRS’s Scott Ellsworth represented the tenant, Carvana, on its eye-catching Carvana Vending Machine facility at Scottsdale Rd. and the Loop 202, in Tempe.
Notable Deal: SVN | Desert Commercial Advisors negotiated the deals on leases for an entire new retail center, totaling $12 million in lease deals, for a development at Gilbert & Ocotillo Roads in Chandler.
1. Dave Cheatham & Darren Pitts
Notable Deal: Darren Pitts represented the buyer of the LifeTime Fitness, 2502 E. Camelback Road, Phoenix, which will be the first Diamond level club in Arizona, featuring luxurious amenities, expansive pool deck, child care center, spa and cafe, world-class trainers and the hottest classes.
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