FARMERS BRANCH, TX- Maxim Integrated Products Inc. disposed of 1.6 acres, complete with a 3,600-square-foot building and longtime tenant American Medical Response Ambulance Service Inc. in place to a local limited liability company. The transaction is Maxim’s third in less than a month, and involves the company’s ongoing disposition of the 45-acre campus that once was home to Dallas Semiconductor Corp.
“If the tenant moves out, the buyer could occupy it,” says Leigh Richter, senior vice president of Dallas-based Bradford Commercial Real Estate Services in a press release. “It’s a very desirable property for a user.” The property at 4355 N. Beltwood Pkwy. is fenced on three sides, and includes a 760-square-foot vehicle servicing area and 720-square-foot utility building.
“We had a lot of interest in this building. Within a day or two of pricing it, we had an offer,” says Richter, who partnered with Jason Miller, Bradford’s market director, to close the deal.
Matt Mittendorf of the Certus Group represented the buyer, 4355 Beltwood Parkway LLC, a neighboring company that had been keeping its eye on the Maxim disposition for the right property to hit the market.
California-based Maxim inherited the 45-acre, 13-building campus in 2001 when it acquired Dallas Semiconductor Corp. The flex buildings, developed in the 1970s and 1980s, housed Maxim’s research and development functions, which moved last year to a brand-new 138,000-sf class A office building on 18.5 acres of the campus.
- CBRE has assisted in structuring a joint-venture partnership on two multifamily parcels located near Intel’s Fab Plant. The sites, which total 21.39 acres, are east of Dobson Road, with one located at the corner of Price Road and Dobson, and the other north of Market Place. Dave Headstream, Jason Hyams and Mike Ratliff of CBRE represented PB Bell of Scottsdale, AZ. Its joint-venture/co-developer partner, Gilbane Development Co. of Providence, RI, acquired both parcels in May 2005. The partners plan to break ground on a 389-unit multifamily community called Almeria at Ocotillo in the first quarter of 2013.
- Wadsworth Development and Accelerated Development purchased a 75,795-square-foot parcel at the southwest corner of Germann and Gilbert from Exxon Mobil. The buyer was represented by Dave Cheatham of Velocity Retail and the seller was represented by Mindy Korth of CBRE. The buyer plans to build retail shops on the parcel in 2013.
- CCA Acquisitions Co. acquired the 91,910-square-foot Woodlands Village Shopping Center at 2600 Woodlands Village Blvd. from PDC Community Centers. Velocity Retail’s Darren Pitts and Ron Ault, and Mountain West Retail’s Ben Brown represented the seller. Brown also represented the buyer in the $17.2 million transaction.
- Neil Sechan and Mathew Messner of Ashland, OR purchased the 29-unit Greenwood Apartments at 1322 N. La Jolla Blvd. from Park Shadows Country Homes of Scottsdale, AZ. Brian Smuckler and Jeff Seaman of CBRE represented the seller in negotiating the $3.4 million transaction.
- SKB Companies sold a 62,610-square-foot former Albertson’s grocery store at Main and Dobson to Ultimate Consignment for $1 million. Michael Clark and John Jackson of Velocity Retail represented SKB in the transaction. The buyer was represented by Zak Kotter of LevRose Real Estate.
- PTD Properties LLC of Tempe, AZ purchased a 20,420-square-foot general industrial building at 1700 W. Drake Dr. for $1.5 million through a lease/purchase arrangement. Pete Klees with Cassidy Turley Arizona’s Industrial Group and Paul Boyle and Rick Danis with Cassidy Turley Arizona’s Capital Markets Group represented the seller, C&B Properties of Del Mar, Ca. The buyer was represented by David Wilson of Daum Commercial.
- Main Event Entertainment purchased 6.4 acres for a new 57,000-square-foot indoor entertainment venue. The property is located at the corner of Emerald and Commerce Drives in Emerald Center. This will be the first Main Event outside of Texas where it is headquartered. Construction is expected to start in the second quarter of 2013. Dan Gardiner and Greg Laing of Phoenix Commercial Advisors represented Main Event Entertainment in the site selection process while Rick Robertson and Chris McClurg of Lee and Associates Arizona represented the seller, First National Bank of Hutchinson, KS.
- DriveTime Car Sales Co. purchased a 51,000-square-foot warehouse at 6335 Southwest Fwy. The seller, Moss Masa Corp. was represented by Frank Onorato of Newmark Grubb Knight Frank. John Ferruzzo of NAI Houston and Stephen Tou of The Retail Connection represented buyer.
- Zohreh and Mano Shaarpour acquired a newly constructed, 15,000-square-foot building at 13347 Pike Rd. in Stafford Business Park. This was the second spec building in the Business Park developed by Clay Development and Construction. The seller, SBP Development II Ltd., was represented by John Ferruzzo and Darren O’Conor of NAI Houston. Marc Emde of Michael Hill Properties represented the buyer.
- Montana Avenue Preservation Co. acquired a 100% leased outparcel at Wooded Acres and Bosque Boulevard from Independent Bank (which is now one of the tenants, with Panda Express, on the land). The parcel encompasses a 5,000-square-foot building on 0.77 acres. Andy Kroot with Velocity Retail Group LLC brokered the transaction.
- Zeeks Pizza & Wings signed a 2,400-square-foot, five-year lease at the southeast corner of Warner Road and 48th Street. The landlord was represented by Velocity Retail Group’s Michael Clark and Nick Ault. The tenant was represented by Joel Gunning of West USA Realty.
- Krispy Kreme signed a five-year deal at Plaza del Sol shopping center at Indian School and 33rd Avenue. The 1,769-square-foot store will open in the Q2 2013 and is the fifth location for the franchise group in the Phoenix area. Andy Kroot represented the tenant, and Kimco is the landlord.
- Raising Cane’s signed a 20-year 3,552-square-foot build-to-suit at Gateway Crossing at the southwest corner of McDowell and 99th Avenue. The landlord was represented by Michael Clark and John Jackson of Velocity Retail, and the tenant was represented by Mark Bramlett of Cassidy Turley BRE. The store is slated to open in the summer of 2013.
- West Valley Dental Group leased 3,306 square feet Greenway / Loop 303. Velocity Retail’s John Jackson and Michael Clark represented the landlord.
- Microsemi Corp. leased 5,573 square feet of office space in Forum at Belt Line Building 3, 4006 Belt Line Rd., from ARI Forum. Melanie Hughes and Sharon Friedberg with Bradford Commercial Real Estate Services, represented the landlord. Greg Tippin and Kyle Jett of Newmark Grubb Knight Frank represented the tenant.
- Rhino Medical expanded into 5,607 square feet of office space at the Bank of America building, 2000 East Lamar. Theron Bryant with SCM Real Estate Services represented the landlord in this transaction.
- Lundy Services Inc. renewed 7,404 square feet of industrial space in Northway Plaza Business Center, 3210 Belt Line Rd., Brian Pafford and Jason Miller with Bradford Commercial Real Estate Services represented the landlord, DCT Industrial Trust, in the direct deal.
- David B. Campbell DDS renewed a 1,804-square-foot lease at the Chase Bank building, 3200 Broadway Ave. Beaux Riley with SCM Real Estate Services represented the landlord in this transaction.
- Monarch Office Furniture LLC at 2202 113th St. expanded into a 11,528-square-foot industrial space with showroom. Judy Nitzinger with SCM Real Estate Services represented the tenant, and Alan Clark with JSC Realty Services represented the owner in this transaction.
- LTS-Houston Inc. renewed its 14,130-square-foot lease at 8634 Westpark Dr. The landlord, Teachers Insurance, was represented by John Kruse of Holt Lunsford. Nick Peterson of NAI Houston represented the tenant.
- Independent Dealer Group Inc. leased 8,710 sf of industrial flex space in Arapaho Place, 851 International Pkwy. from Arapaho Place Inc. Susan Singer and Michael Grant with Bradford Commercial Real Estate Services represented the landlord. Pat Haggerty of Pat Haggerty Co. Inc. represented the tenant.
- Earthwater Solutions leased 6,063 square feet at 12903 Agency Dr. Seth Prescott, Jason Schnittger and Michael Flowers of Stream Realty Partners represented the tenant.
- Intersteel renewed 1,282 square feet at 1100 NW Loop 410. Ryan Harrison of Stream Realty Partners represented the landlord.
- Lone Star Ice Cream leased 3,600 square feet at 3643 Metro Pkwy. Jason Schnittger of Stream Realty Partners represented the landlord.
- Lyle Larson renewed a 1,071-square-foot lease at 14607 San Pedro Ave. Carolyn Hinchey Shaw and Lindsay Meche of Stream Realty Partners represented the landlord. John T. Crone, III of Crolanco Commercial Real Estate Brokerage represented Lyle Larson.
- Precision Sports leased 4,441 square feet at 11306 Sir Winston. Michael T. Kent of Stream Realty Partners represented the landlord.
- Pro Staffing & Medical Management signed a 2,460-square-foot lease at Woodlake Plaza, 4865 Fredericksburg Rd. Michael T. Kent of Stream Realty Partners represented the landlord.
- Shaw Facilities leased 2,857 square feet at Centre Plaza, 45 NE Loop 410. Carolyn Hinchey Shaw and Seth Prescott of Stream Realty Partners represented the landlord.
- Mike Parker and Evan Koplan joined CBRE as first vice president and senior associate, respectively. The duo comes to CBRE from Colliers International, where they have worked since 1992 (Parker) and 2006 (Koplan). Parker and Koplan focus on the Southeast Valley and Sky Harbor Airport area.
Parker graduated from the British Columbia Institute of Technology in Vancouver, British Columbia, Canada with a diploma of Real Estate Marketing. He is a member of the National Association of Industrial and Office Properties (NAIOP) and a resident of Scottsdale.
Koplan has a bachelor’s degree in regional development and a minor in business administration from the University of Arizona in Tucson, Ariz. He is also a member of NAIOP, where he serves on the Developing Leaders Membership Committee. Koplan is also a resident of Scottsdale.