PHOENIX—In this edition of Deal-Tracker, Cushman &Wakefield of Arizona, Inc. negotiated a long-term leaserenewal at Granite Commerce Center, 405 N. 75th Ave.,Suite 180, for a lamination distribution company. The lease renewalof 15,988 square feet is for USI Inc. of Madison,CT. USI markets roll and pouch laminating machines and films,binding equipment and supplies and many other office accessoriesincluding photo ID systems and mounting and display boards.Keri Scott, Jackie Orcutt andJohn Grady of Cushman & Wakefield representedthe tenant, USI. Kyle Westfall ofJLL represented the landlord, CrowHoldings of Dallas.

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-PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a14,278-square-foot lease at Camelhead Square, 3033 N.44th St., bringing the property to 80 percent capacity.This is a new lease for DriveTime Automotive Group,Inc., the leading used vehicle retailer in the UnitedStates, providing additional office space for their expandingbusiness. Other tenants include Hill & Usher andSovereign Healthcare. Chris Latvaaho,Chris Nord and MichaelWhite of Cushman &Wakefield represented thelandlord, Sun Life Assurance Company of Phoenix.Tom Adelson of CBRE representedthe tenant.

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-PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated the$4.05 million sale of the Briarwood Apartments, a multi-familyproperty located at 3450 W. Missouri Ave. Briarwood was built in1983 and contains seven buildings and 126 units. The property was90 percent occupied at the time of the sale. EdwardSibley of Phoenix sold the property toDavid Barnes of Vancouver.Brett Polachek and JimCrews of Cushman & Wakefield represented the buyer inthe transaction.

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PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated the$1.45 million sale of a manufacturing facility at 5341 W. Luke Ave.The 35,000-square-foot property was built in 1985, and sits on twoacres. The property was not on the market at the time of the sale.However, when discovered, it turned out to be the ideal buildingfor Roof Products Inc., which is based inChattanooga, TN. RPI has been in Arizona for 13 years. Thenew building will serve as its Western regional headquarters. RPIis a manufacturer of roof curbs and also furnishes sky lights forits customers. Justin LeMaster and MikeGilbert of Cushman & Wakefield's industrial divisionrepresented RPI. Peter Batschelet ofLee & Associates represented the seller,Wynn Properties LLC.

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-PHOENIX—Cashen Realty Advisors announces thesale of a 1.37 acre residential parcel located at 329 E. CoronadoRoad in the Exclusive Alvarado Historic District Area ofPhoenix. The 1.37 acre parcel is zoned R-4 and has approvedplans for 20 three-story townhome units. The property soldfor $1,323,000 and is one of the first projects approved under thenew City of Phoenix Urban Infill Program. Unit sizes are 1,779square feet to 2,330 square feet and construction costs areestimated to be $3,600,000. The seller in the transaction was theGutkin Family represented by JoshLanders of Commercial 33 Brokerage inPhoenix. The buyer in the transaction was SRMDevelopment, principals Mike Smith andDon Allison. The buyer was represented byCashen Realty Advisors.

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-PHOENIX—Marcus & Millichap announces thesale of Arrowhead Health Center, a 11,272-square-foot net-leasedproperty located in Scottsdale. The asset sold for $4.5 million.Mark Ruble and JamieMedress, investment specialists in Marcus &Millichap's Phoenix office, had the exclusive listing to market theproperty on behalf of the seller, a limited liabilitycompany. The buyer, a limited liability company, wasalso secured and represented by Jamie Medress and Mark Ruble.Arrowhead Health Center is located at 2629 N. Scottsdale Rd. inScottsdale.

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-TUCSON—CBRE has negotiated the purchase of a22,500-square-foot industrial facility for Bakehouse BreadCompany. The property is located at 2520 N. JackrabbitAve. in Tucson. The asset commanded a sale price of $1.35 million.Tim Healy and Bob DeLaney withCBRE's Tucson office represented Bakehouse Bread Company in thetransaction. The landlord, Michael and JanetGompper, was represented by Steve Cohenwith PICOR/Cushman & Wakefield. This purchasemarks an expansion for the Tucson-based artisan-bread wholesaler,relocating its operations from its leased 7,875-square-footfacility located at 2550 N. Dragoon in Tucson. With the expansionof its physical footprint, Bakehouse Bread Company also has plansto expand its employee base to accommodate the growth of thecompany and better serve the needs of its expanding customerlist.

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