LevRose Commercial Real Estate/TCN Worldwide in Phoenix Represented JFQ Lending in the Largest Arizona New Office Lease in 2020.
Member Deal Announcement: JFQ Lending, a Scottsdale-based Mortgage Company, executed a long-term deal in Q4 2020 for their new 125,000-square-foot Corporate Headquarters located at 7720 N. Dobson Rd., Scottsdale, AZ 85256. Zak Kottler and Joe Cosgrove of LevRose Commercial Real Estate represented JFQ Lending in what was the largest new office lease in 2020.
Paramount Real Estate Corp/TCN Worldwide in Minneapolis/St. Paul Brokers LDI Land Sale in Brooklyn Park
Member Deal Announcement: A new speculative industrial building is planned for Brooklyn Park and the Paramount Real Estate Corp team of Fred Hedberg, John Young, and Joe Schultz sold the land to get the project started.
Price Edwards/TCN Worldwide in Oklahoma Brokers $1,880,000 Sale of Chelinos Bricktown, a 12,725 SF Restaurant Space
Member Deal Announcement: Chelinos Bricktown Building Sells for $1,188,000. A new owner-occupant purchased the building at 15 E California, known as the "Chelinos Bricktown" building for $1,188,000 in January 2021. This unique property has 4 patio spaces that we expect to be back in use following a renovation from the new owner. Allison Barta Bailey handled the transaction.
MSC Commercial/TCN Worldwide in Sarasota Released their Q4 2020 Market Report
Member Market Report: The tri-county area commercial market posted strong market fundamentals during the fourth quarter of 2020 for all property types. Looking back at the year and similar to 2018 and 2019, the largest commercial sales in the market involved multifamily properties. Although office tenants are evaluating what their mid-to-long-term office footprint will look like in the future, overall office rents increased throughout the year. As we move into 2021, the continued expansion of the area driven by the steady population growth will see an influx of commercial real estate activity.