CBRE Completes $16.6 Million Sale of Plaza at Power Marketplace in Queen Creek, AZ

Plaza at Power Market Place, Queen Creek, AZ

PHOENIX, AZ  – CBRE has completed the $16.6 million sale of Plaza at Power Marketplace, a ±70,961-square-foot shopping center located at 7225 S. Power Road and 18490-18550 E. Rittenhouse Road in Queen Creek, Arizona.

Phillip Voorhees

The property is located near the Arizona State University Polytechnic Campus and the Phoenix-Mesa Gateway Airport.

Philip Voorhees and Jimmy Slusher with CBRE National Retail Partners – West, based in Orange County, California, and Steve Julius with CBRE’s Phoenix office, arranged the sale on behalf of a private seller from New York and private buyer from California.

Jimmy Slusher

“The purchaser in this transaction, a family office based in Southern California, demonstrates the continued flow of capital from California to Arizona as buyers seek a wider available inventory and yields superior to those found in the coastal markets,” Voorhees noted.

Built in 2007, Plaza at Power Marketplace is anchored by a high-performing LA Fitness, shadow-anchored by Home Depot and boasts a strong roster of national and regional tenant credits, including Taco Bell, Dunkin Donuts, and Edward Jones. The property was 93 percent leased at the time of sale.

Kirk Brummer

The transaction also involved Jesse Goldsmith with CBRE’s Phoenix office, Kirk Brummer, Sean Heitzler, John Read, Preston Fetrow, Matt Burson, Megan Wood and James Tyrrell with CBRE NRP-West, and Patrick Arangio, Jack Howard and Kurt Altvater with CBRE’s National Loan and Portfolio Sale Advisors in New York.

The NRP-West team focuses exclusively on retail investment properties in the western states, including CA, OR, WA, NV, AZ and HI, representing the most accomplished retail investors in the US. 

Megan Wood

The team's ability to collaborate across CBRE's multi-discipline platform enhances its role as strategic advisors to western U.S. clients in the disposition and acquisition of retail properties, and ensures the delivery of superior results in today's investment market.

Sean Heitzler

Long recognized as industry-leading investment experts, the NRP-West team continues to specialize in portfolio sales, anchored centers, strip centers, single-tenant assets, specialty retail projects, REO and Receivership assets and parcelized disposition strategy opportunities.

 Based in Orange County, California, the team consists of specialists with institutional and private client relationships and leverages institutional quality knowledge and service across unparalleled access to private capital investors and the brokers who represent them, domestically and around the world. View listings:

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). 

John Read

The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.

 CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. 

For more information, please contact:

Anne Monaghan 

anne@monaghanpr.com

www.nrpwestlistings.com. 

       www.cbre.com.

Marcus & Millichap Brokers $1.47 Million Sale of 32-Unit Crystal River Apartments in Crystal River, FL

 

Francesco P. Carriera

CRYSTAL RIVER, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada,  announced the sale of Crystal River Apartments, a 32-unit apartment property located in Crystal River, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,475,000.

Michael P. Regan

Francesco P. Carriera, Michael P. Regan, Benjamin Skinner, Cameron S. Barbas and Joshua Teplitzky, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

“Built in the 1980’s, Crystal River Apartments presented a unique opportunity for investors to gain a strong cash flowing asset, located in a tertiary market with an expanding economy. 

The buyer was attracted to this property due to the number of units it offered, its location just north of the Tampa Bay MSA, and it’s a turn-key characteristic” stated Skinner.

Benjamin Skinner

Crystal River Apartments is located directly off of North Suncoast Boulevard the city's major office and retail corridor, experiencing an average daily traffic count of over 29,000 vehicles per day. North Suncoast Boulevard offers exceptional access to the major employment center of the area, Duke Energy's Coal and Nuclear Power Plant, a surplus of national retailers, numerous attractions and Crystal River Airport. 

Located less than twenty-minutes north of North Suncoast Boulevard is the Crystal River Coal and Nuclear Power Plant (2,000 plus employees), which is currently undergoing a massive expansion including the construction of the Citrus Combined-Cycle Natural Gas Plant. Crystal River Apartments is located at 8570 West Mayo Drive in Crystal River, Florida. 

For more information, please contact:

Crystal Marino
Brokerage Administrator/Front Desk
Marcus & Millichap 4030 W. Boy Scout Boulevard Suite 850 Tampa, FL 33607 (813) 387-4700 main (813) 380-7694 mobile (813) 387-4710 faxcrystal.marino@marcusmillichap.com
Follow us on:        NYSE: MMI

 OR 

Ari Ravi

Regional Manager, Tampa

(813) 387-4700

  

The Keyes Company’s Billy Nash to Star in Upcoming Season of “Selling Mega Mansions”

Billy Nash

MIAMI and PALM BEACH, FL,  July 13, 2018 –- Billy Nash of The Keyes Company’s Nash Luxury is set to star in the third season of “Selling Mega Mansions,” a reality show spotlighting ultra-luxury real estate brokers on cable network’s AWE – A Wealth of Entertainment.

Nash is featured in seven episodes of the show’s third season, which is expected to premiere in the next few weeks.

Kevin Leonard

“Selling Mega Mansions” follows brokers around as they help high-end clients find dream homes in some of the world’s most desirable locations.

Nash takes viewers inside mansions in world-class South Florida neighborhoods such as Fisher Island, Palm Island – where Nash tours Al Capone’s former waterfront estate, Jack Nicklaus’ Bear’s Club in Jupiter, Mirasol in Palm Beach Gardens and Old Palm, known for its championship golf course designed by golf legend Raymond Floyd.

Tracy Wheelock

During the episodes, Nash showcases these one-of-a-kind properties by land and sea. He also leveraged a longstanding relationship with Braman Motorcars to incorporate the company’s Bentley and Rolls-Royce collections.

“Billy Nash has consistently utilized the Keyes technology, marketing, infrastructure and implemented his own creative and innovative strategies to become a household name in the luxury real estate,” Keyes Vice President of Luxury Kevin Leonard said.

Peter Dirlis

“His starring role on ‘Selling Mega Mansions’ is another example of that. We congratulate Billy and Tracy Wheelock of Nash Luxury and can’t wait to see them in action.”

AWE reaches 50 million households around the world. It is carried by numerous cable providers, including Amazon Prime, Apple TV, AT&T U-verse, DirecTV, Dish Network, Roku TV and Verizon FiOS.

Robert Bennett

Nash has enjoyed a rapid rise in the luxury real estate industry since joining Keyes just three years ago following more than 20 years working on Wall Street. He was honored as Keyes’ Rookie of the Year in 2016 and is on pace to generate more than $100 million in sales in only three years. 

“It is an honor to represent Keyes-Illustrated Properties in a show that will be seen around the world,” Nash said. “The 12-hour days of filming were long, but it was an awesome experience and an opportunity for people around the world to see what we do best.

"A special thanks to Peter Dirlis and Robert Bennett at [show producer] Supermassive Productions and director Jeff Boos for their hard work and professionalism.”

Nash is represented by renowned New York-based entertainment attorney David Fritz of Boyarski Fritz LLP.

Independently-owned and operated since its founding in 1926, Keyes is extremely active in all segments of residential real estate. In 2017, Keyes generated more than $6 billion in real estate services across its Family of Companies.

David Fritz

The Keyes Family of Companies is the largest independently-owned real estate firm in Florida and a Top 30-ranked firm in the entire United States.

In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

 In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the sales volume of their closest competitor.

For more information, please contact:

Eric Kalis or Jasmin Curtiss, BoardroomPR

ekalis@boardroompr.com/jcurtiss@boardroompr.com

954-370-8999