Canadian Investor Purchases Industrial Property in Scottsdale, AZ Airpark

  

 PHOENIX, AZ – Karp Sunbelt Properties, LLC, of Burnaby, British Columbia, Canada, purchased a 21,088-square-foot single tenant industrial building at 7879 East Beck Lane in Scottsdale, Arizona.

Paul Boyle, Rick Danis and Michael Kitlica with Cassidy Turley BRE Commercial, a leading commercial real estate services provider in the U.S., completed the $2 million ($94.84 psf) sale. The seller was Phoenix-based Arizona State Credit Union.

Built in 1997 the building is fully leased to Ridgeline Energy Services, a company which applies proprietary technology to treat water generated from industrial and commercial waste water markets,  headquartered in Calgary, Alberta, Canada and trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF".

 Boyle and Danis, with Cassidy Turley BRE Commercial’s Capital Markets Group, and Kitlica with Cassidy Turley BRE Commercial’s Office Services Group, represented the seller. Aaron Carson with Carson Commercial, LLC represented the buyer.

 For more information visit www.brephoenix.com or call 602.954.9000.

.For a complete copy of the company’s news release, please contact:

Alison A. Melnychenko

Vice President Marketing

2375 E. Camelback, St. #300, 

Phoenix, AZ  85016

T 602.224.4459

C 602.531.1468

F 602.468.8588

amelnychenko@brephoenix.com     

www.brephoenix.com

Two Cassidy Turley Buildings Win Regional TOBYs

ATLANTA, GA – [May 22, 2012] Cassidy Turley, a leading commercial real estate services provider in the U.S., said today that two Atlanta office buildings it manages won 2012 TOBY Awards from the Building Owners and Managers Association (BOMA) Southern Region.

 BOMA Southern Region bestowed The Outstanding Building of the Year (TOBY) designation on the Georgia Power Company headquarters tower (top left photo) at 241 Ralph McGill Blvd. The landmark tower competed in the Office Building, 500,000 to 1 Million Square Feet category.

Piedmont West  (middle right photo) at 1800 Howell Mill Road was recognized as the Southern Region Medical Office Building of the Year.

 “We’re honored that BOMA selected two Cassidy Turley-managed buildings for TOBY Awards,” said Holly Hughes (lower left photo), senior managing director of Cassidy Turley Atlanta. “Cassidy Turley is committed to providing excellent property and facility management for our clients.”

 BOMA’s TOBY Awards recognize properties that exemplify superior building quality and management practices. TOBY Awards are the most prestigious and comprehensive programs of their kind in recognizing quality in commercial buildings and rewarding excellence in commercial building management.

 The Georgia Power Building is a 24-story tower with more than 853,000 square feet of office space. Piedmont West is a 10-story medical office building with 264,000 square feet of office and ground-level retail space.

Because Georgia Power headquarters and Piedmont West won regional TOBYs, they now advance to the international TOBY Awards level. International award winners will be announced at the BOMA International Conference in Seattle in late June.

Public Relations Contact:

 Tony Wilbert

Wilbert News Strategies

404-965-5022

twilbert@wnspr.com

Stephen Ursery

Wilbert News Strategies

E-mail: sursery@wnspr.com

Office: (404) 965-5026

Cell: (404) 405-2354

www.wnspr.com