Champion - Arizona Commercial Real Estate: Champion Syndicated

Acquisition of a Scottsdale Medical Plaza

Wed, 16 Apr 2008 17:08:46 GMT

April 21, 2000 Volume VI, Number 16

MEDICAL OFFICE ON SCOTTSDALE ROAD SOLD IN $5+ MILLION DEAL

Scottsdale -- A company formed by investor Ricky Lyons of Champion Partners in Scottsdale paid $5.125 million to purchase a 48,362-square-foot medical office project at 10900 N. Scottsdale Road in Scottsdale. The seller was a company formed by principals of Integrated Property Management in Denver (Loren Snyder and Bruce Deifik). The transaction was brokered by Eric Wichterman and Jeff Hartland of Grubb & Ellis Co. in Phoenix, and Mike Auther and Cam Stanton of CB Richard Ellis in Phoenix. The six-building development is reported to be 91 percent occupied. The single-story project is called Scottsdale Professional Plaza. Leasing to be handled by NAI Horizon in Phoenix. No word on management. Acquisition of the Scottsdale medical plaza is the first purchase for Lyons in the Valley. Sources say Lyons is interested in acquiring additional office buildings in the Phoenix area . . . also looking at industrial and retail properties. Get more from Lyons at (480) 922-9212. Reach Snyder and Deifik at (303) 691-8665. Talk to the Grubb & Ellis agents at (602) 954-9000. Catch Auther and Stanton at (602) 735-5555.

Business Real Estate Weekly & The P&Z Report
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Phone: 480.905.0500 | Fax: 480.905.0005
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Paseo Family Physicians Leases at Arrowhead Commons

Wed, 16 Apr 2008 17:06:57 GMT

April 30, 2004 Volume X, Number 17

COMMERCIAL TRANSACTIONS

Glendale – A company formed by Valley physicians Kevin Turner, Graeme Tolson, Joe Raynak and Eric Honing paid just over $2.363 million to purchase 15,507 sq. ft. of office space in two buildings at 18275 N. 59th Avenue in Glendale. The seller was a partnership formed by investor Ricky Lyons of Champion Partners in Scottsdale. The deal was negotiated by Tom Weinhold of NAI Horizon Commercial Real Estate Services in Phoenix, and Dale Cavan of Cavan Commercial in Scottsdale. The offices are within the 14-building Arrowhead Commons project. Paseo Family Physicians (a medical practice owned by the physicians) will occupy about 9,000 sq. ft. of a 12,750-square-foot building. The remainder of that space will be leased to two medical tenants. The other 2,707 sq. ft., which is part of a 5,520-square-foot structure, has been leased to another medical practice.

Mescal Joint Venture Acquires 48,000 SQ.FT. Medical office in Scottsdale, Arizona

Wed, 16 Apr 2008 17:05:40 GMT

Business Real Estate Weekly & The P&Z Report
8910 E. Raintree Drive, Suite 200 | Scottsdale, AZ 85260
Phone: 480.905.0500 | Fax: 480.905.0005
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Mescal Joint Venture Acquires 48,000 SQ.FT. Medical office in Scottsdale, Arizona

Newport Beach: Newport Capital Advisors, a real estate finance firm, today announced that it has arranged financing for a newly formed joint venture partnership, Mescal Partners, LLC, to acquire a 48,000 square foot medical office complex in Scottsdale, Arizona. The complex will be refurbished and repositioned to take advantage of the increasing demand for medical office space in the greater Scottsdale area.

The Mescal Partners, LLC joint-venture consists of development firms J.R. Properties, L.L.C., Champion Partners L.L.C and Dana Commercial Credit, an Austin, Texas-based wholly-owned commercial finance subsidary of Dana Corporation (NYSE: DCN), a fortune 200 company. Dana Commercial Credit will provide the equity capital required to complete the acquisitions and repositioning. First Bank of Arizona N.A. has provided acquisition financing to the venture totaling $4.865 million.

"The venture between Dana Commercial Credit, Rothbard & Associates and Champion Partners combines an aggressive source of long-term capital with two proven development leaders," said Richard Harris, managing director of Newport Capital Advisors. "The venture plans to develop a sizeable portfolio of assets over the next eighteen months and is currently looking at multiple project opportunities."

Champion Partners L.L.C, lead by president Ricky Lyons, is a development firm with a focus on commercial real estate development and investments. Between Champion and its partner SG, Inc. (formerly The Shell Group Inc.), they have developed over 5 million square feet of retail commercial, sold over 130,000 time share units, converted over 2000 condominium units, owned and managed over 1,500 hotel rooms, acquired more than 5,000 residential and rental apartments and more than 500 congregate care housing units. Champion has offices in Scottsdale Arizona and Northbrook, Illinois.

J.R. Properties L.L.C, led by Jeff Rothbard, with his affiliates, have developed more than 4.2 million square feet of retail centers throughout the U.S. since being formed in 1970. Jeff Rothbard, principal of Rothbard & Associates, now focuses on properties located throughout the Western U.S. Newport Capital Advisors is a real estate finance company based in Newport Beach, California. The company and its affiliates arranges a wide range of real estate financing including joint-venture equity capital, tax-exempt bond refundings, structured finance, and provides real estate advisors services. Clients of the firm include real estate companies, developers, pension fund advisors, commercial finance companies, and investors.

PHOENIX INVESTOR PAYS $7.9 MILLION FOR MEDICAL OFFICE PROPERTY ON SCOTTSDALE ROAD

Wed, 16 Apr 2008 17:04:53 GMT

June 21, 2002 Volume VIII, Number 24

PHOENIX INVESTOR PAYS $7.9 MILLION FOR MEDICAL OFFICE PROPERTY ON SCOTTSDALE ROAD

Scottsdale – A company formed by investor Neil Ginsberg of Pinnacle Diversified in Phoenix paid $7.9 million to purchase a 46,425-square-foot medical office project at 10900 N. Scottsdale Road in Scottsdale. The seller was a company formed by investor Ricky Lyons of Champion Partners in Scottsdale. The sale was negotiated through Dennis Desmond and Trevor Klinkhammer of Insignia ESG in Phoenix, and Tom Weinhold of NAI Horizon Real Estate Group Inc. in Phoenix. The six-building complex is reported to be 94 percent occupied. NAI Horizon to manage and lease the project. Over the years, BREW has reported Ginsberg buying and selling a number of income-producing properties in the Phoenix area. Ginsberg is interested in acquiring additional real estate assets in the Valley. In April 2000, BREW reported Lyons paying $5.125 million to purchase the Scottsdale Road medical offices. Sources say Lyons may be interested in buying additional income-producing properties in the Phoenix area. Learn more from Ginsberg at (602) 750-3446. Talk to Lyons at (480) 922-9212. Call Weinhold at (602) 955-4000. Reach Desmond and Klinkhammer at (602) 912-1700.

Red Rock Commercial Center

Wed, 16 Apr 2008 17:03:44 GMT

Red Rock Venture Sells 82,000 Square Foot Shopping Center in North Las Vegas

Las Vegas: Champion Partners, L.L.C., a development manager of by Red Partners, L.L.C. owners and developers of Red Rock Commercial Center, located at the south east corner or Craig and Martin Luther King Roads, City of North Las Vegas, that the sale of Red Rock Commercial Center, North Las Vegas, Nevada to a group headed by Secured California Investments, Inc. The shopping center included as major tenants Michaels, Office Depot and 99¢ Only Store. The sale was brokered by CB Richard Ellis, Las Vegas.

Red Partners, LLC joint venture consists of development firms Silver Creek Properties, L.L.C., Champion Partners L.L.C. and Dana Commercial Credit, an Austin, Texas based wholly owned commercial finance subsidiary of Dana Corporation (NYSE: DCN), a Fortune 200 company. Dana Commercial Credit provided the equity capital required to complete the acquisitions and development. First National Bank of Arizona, N.A. provided financing to the venture totaling $8.2 million.

"The sale of Red Rock Commercial Center was completed within 18 months of the acquisition of the property as raw land, well within the timeframes expected by the joint venture participants" said Ricky Lyons. "The venture owns two other projects and expects to continue to new opportunities together".

Champion Partners L.L.C. led by President, Ricky Lyons, is a development firm with a focus on commercial real estate development and investments between Champion and its partner, SG, Inc. (formerly The Shell Group Inc.). They have developed over 5 million square feet of retail commercial, sold over 130,000 time share units, converted over 2,000 condominium units, owned and managed over 1,500 hotel rooms, acquired more than 5,000 residential and rental apartments and more than 500 congregate care housing units. Champion has offices in Scottsdale, Arizona and Northbrook, Illinois.

Silver Creek Properties, led by Jeff Rothbard, with his affiliates, have developed more than 4.2 million square feet of retail centers throughout the U.S. since being formed in 1970. Jeff Rothbard, principal of Rothbard & Associates, now focuses on properties located throughout the Western U.S.

Glendale Retail Plaza Acquired

Wed, 16 Apr 2008 17:01:49 GMT

March 19, 2004 Volume X, Number 11

ANAHEIM INVESTOR PICKS UP GLENDALE RETAIL PLAZA FOR $11.6+ MILLION . . . $276 PER FOOT Glendale – A company formed by investor Rick Heinz in Anaheim, Calif. paid $11.625 million ($276 per foot) to purchase a 42,088-square-foot retail plaza located at the southeast corner of 59th Avenue and Union Hills Drive in Glendale. The seller was a company formed by Ricky Lyons of Champion Partners in Scottsdale. The sale was brokered through Steve Fernandez and Jenifer Lunt of CB Richard Ellis in Phoenix, and Ken Hulbert of GVA Daum in Newport Beach, Calif. The property, called Arrowhead Ranch Plaza, is 87 percent occupied. Financing for the purchase was arranged through MidFirst Bank in Phoenix. Mike Clark of CB Richard Ellis has the leasing assignment. Arizona Commercial Management in Phoenix is managing the project. Heinz is not a newcomer to the Valley real estate market. In January 2003, BREW reported a company formed by Heinz paying $4.1 million to buy a 20,922-square-foot medical office located at 13838 S. 46th Place in Phoenix. Sources say Heinz is not presently interested in buying any more properties in the Phoenix area. Over the years, Lyons and Champion Partners has been buying, selling and developing retail and office properties in the Valley. Champion Partners developed Arrowhead Ranch Plaza last year. That project is next to a 68,000-square-foot office-condominium complex Champion Partners is developing. That 14-building development is sold out. Lyons says Champion Partners is working on plans to develop three additional retail centers in the Phoenix area as well as another office-condominium project. Hulbert is the contact for Heinz . . . reach him at (949) 756-3135. Talk to Lyons at (480) 922-9212. Call the CB agents at (602) 735-5555.

New community being called Fulton Ranch

Wed, 16 Apr 2008 17:00:47 GMT

February 18, 2005 - Business Real Estate Weekly

FULTON BUYS 500 ACRES IN CHANDLER FOR $57.7 MILLION . . . BUILDING 711 HOMES

Chandler . Fulton Homes Corp. in Tempe paid just over $57.7 million to purchase 501.86 acres in Chandler that will be developed as an upscale residential and commercial community being called Fulton Ranch. The seller was a company controlled by the Mormon Church in Salt Lake City, Utah. The sale was negotiated through Mike Gleave of Fulton Homes Sales Corp. (FHSC) in Tempe. The planned project is expected to have 985 residential units built around a series of lakes and about 650,000 sq. ft. of commercial buildings.

The community is bounded on the north by Ocotillo Road, on the south by Chandler Heights Road, on the east by Arizona Avenue and on the west by Alma School Road. Fulton intends to build 711 single-family residences and a lake system on roughly 387 acres. Of those lots, 332 will average 8,710 sq. ft. (65x134), 240 will average 12,180 sq. ft. (87x140) and 89 will average 15,750 sq. ft (105x150). Models are projected to open around mid-2006. Residences are expected to be priced rom the $500,000's and up. The housing product has yet to be designed. Sources say Fulton Homes has a waiting list of more than 2,000 prospective buyers at Fulton Ranch. The home builder has had the property under contract for the past two years. On the same day of the acquisition from the Mormon Church, Fulton resold 115 acres of the property in deals totaling $31.31 million.

Cachet Homes in Scottsdale (Matt Cody, pres.) paid $11.523 million to acquire about 39 acres of land targeted for two, multi-family housing projects. That deal was brokered by Gleave and Phil DeAngelis, Michael Martindale and Joe Kachuroi of Commerce Realty Advisors in Scottsdale. Those "super pad" parcels are targeted for 184 condominium units and 90 townhomes. Two- and three-bedroom units to range from 1,300 sq. ft. to 1,800 sq. ft. Pricing expected to run from the $300,000's to the $400,000's. Models should be open in March 2006.

Fulton Homes sold roughly 76 acres of commercial land in three transactions totaling a combined $19.8 million. The buyers were companies formed by RED Development in Scottsdale (Scott Rehorn, Mike Ebert, principals). Those sales were brokered through Gleave, the Commerce Realty agents and Mark Holinger of Fronterra Development Co. in Phoenix. The three parcels are targeted for 620,000 sq. ft. of retail space and a 36,000-square-foot office-condominium project. Butler Design Group in Phoenix is the architect on the three retail centers. Norman Engineering in Phoenix has the engineering assignments. Development cost (land and buildings for three centers) estimated at $75 million. LaSalle National Bank in Chicago is the lender. RED paid just over $10.85 million to buy 40 acres at the southwest corner of Arizona and Ocotillo. That parcel is planned for a 350,000-square-foot power center called Town Center. RED has resold 14 acres of that site to Lowe.s HIW Inc. in Carlsbad, Calif. That sale was negotiated through Darren Pitts of CB Richard Ellis in Phoenix. Lowe.s is building a 135,000-square-foot home improvement store on the land. Ebert says the center will have additional anchor tenants and nine pads that will be sold or leased. Layton Southwest Construction in Phoenix is serving as contractor on the power center. Opening is scheduled for November 2005.

RED paid just under $5.283 million for 20 acres at the northeast corner of Alma School and Chandler Heights. That parcel is targeted for a 150,000-square-foot retail center with a speciality grocery in a plaza called Promenade. RED is selling a 4-acre parcel within that site that will be developed as 36,000 sq. ft. of office-condominiums. Champion Partners in Scottsdale (Ricky Lyons, principal) is buying the office-condo parcel. RED paid $3.654+ million to acquire 16 acres at the northwest corner of Arizona and Chandler Heights. That 120,000-square-foot center, which will have a drug store and health club, is being called Marketplace. Construction on Promenade and Marketplace to start this summer. Contractor to be picked. Talk to Norm Nicholls of Fulton at (480) 893-2526. Cody is at (480) 556-7000. Call Rehorn and Ebert at (480) 947-7772. Gleave is at (480) 491-8110. Reach the Commerce Realty agents at (480) 889-9900. Holinger is at (602) 625-2532. Pitts is at (602) 735-5555.

BREAKS GROUND ON RETAIL PROJECTS AT FULTON RANCH

Wed, 16 Apr 2008 16:54:50 GMT

March 3, 2005 - Retail Real Estate Information Servers

RED DEVELOPMENT BREAKS GROUND ON RETAIL PROJECTS AT FULTON RANCH

RED Development, LLC, broke ground at Fulton Ranch in Chandler, AZ, marking the official start to its three retail-based developments. Fulton Ranch is a 520-acre, lake-oriented .lifestyle village., that combines an integrated design of residential and commercial properties. Fulton Homes of Tempe, has led the master-planning process along with project partners RED Development and Cachet Homes, both of Scottsdale.

Construction on the 350,000 sf Fulton Ranch Towne Center will begin immediately, with a planned opening in November 2005. The 41-acre project sits at the SWC of Ocotillo Rd and Arizona Ave and will combine national retailers with a town center setting. Tenants who have committed to the project include Lowe.s, PETCO, Midfirst Bank, Johnny Carino.s Italian, Garcias and Cheeburger Cheeburger. Towne Center will also be home to a number of specialty and service shops, plus fast-casual and family restaurants.

The Promenade at Fulton Ranch, located at the NEC of Chandler Heights Rd and Alma School Rd, will begin construction this summer with an opening planned for spring 2006. The 150,000 sf lifestyle center on 21 acres will feature high-end specialty retail. Tenants include a specialty grocery store, mens. and womens. fashions, home décor, salon & spa, sit-down restaurants and specialty shops. In addition to retail, The Promenade will feature 36,000 sf of office space. Champion Partners, LLC, is developing the office component in phases and plans to open office space during the first quarter of 2006.

Fulton Ranch Marketplace is a 125,000 sf project that will be anchored by a national drug store and major health club, and will feature additional service and specialty retail. Located at the NWC of Chandler Heights Rd and Arizona Ave on 14 acres, construction on the project is targeted to begin this summer and open in 2006.

Veranda Commons

Wed, 16 Apr 2008 16:49:37 GMT

August 11, 2006 Volume XII, Number 31 BREW brewaz.com
COMMERCIAL TRANSACTIONS

Litchfield Park . A company formed by Dr. Stephen Gilson and Jennifer Gilson of Sonora Veterinary Specialists in Phoenix paid just under $1.7 million ($165.80 per foot) to acquire a 10,230-square-foot shell office building at 5220 N. Dysart Road in Litchfield Park. The seller was a company formed by Champion Partners in Scottsdale (Ricky Lyons, CEO). The sale was brokered through Eric Butler, Brad Logan and Jason Smith of Cavan Commercial in Scottsdale. The new owner intends to occupy the office with its veterinary practice. The building is within the Veranda Commons office-retail project at the northwest corner of Camelback and Dysart roads. In September 2005, BREW reported Champion Partners developing the mixed-use complex.

Marley Park Commons and Laveen Commons

Wed, 16 Apr 2008 16:48:32 GMT

March - April, 2007 - AZRE
Champion Partners/Ricky Lyons www.cpchampion.com Champion Partners expects to complete its 13-acre Laveen Commons by mid-year. The 105,000 SF project includes 65,000 SF of retail and 40,000 SF of office condominiums. Other projects during 2007 include retail and office spaces at Marley Park Commons in Surprise.

March 2, 2007 Volume XIII, Number 8 BREW brewaz.com
CHAMPION PARTNERS DEVELOPING OFFICE-RETAIL PROJECT AT MARLEY PARK IN SURPRISE

Surprise . A company formed by Champion Partners in Scottsdale (Ricky Lyons, CEO) plans to develop a office-retail project within the Marley Park community in Surprise. The 32-acre parcel is located at the southwest corner of Litchfield and Waddell roads. Lyons. company paid $13.75 million to purchase the land. The seller was a company formed by DMB Associates Inc. of Scottsdale (Drew Brown, Mark Sklar, Bennett Dorrance, principals). Lyons says he plans to use the land to build a 140,000-square-foot shopping center, a 82,500-square-foot office structure and a 64,000-square foot office condominium development. Construction scheduled to start in June, with completion expected second quarter 2008. Haydon Building Corp. in Phoenix is serving as contractor. Butler Design Group in Phoenix and DPA Architects Inc. in Scottsdale are designing the project. The mixed-use complex is being called Marley Park Plaza. Development cost (land and buildings) estimated at roughly $50 million. First National Bank of Arizona in Phoenix provided land acquisition financing. Construction financing still to be arranged. The retail component is being marketed by Chip Thor, Jon Matthews and Michelle Millar of RED Realty Advisors in Scottsdale. The retail rental rates will be $30+ per foot. Plans for the office space show a three-story, 82,500-square-foot structure that will be offered for lease, and a 64,000-square-foot, 10-building office condominium complex that will be available for sale. Tom Jacobs, Justin Miller and Lindy Meyer of Grubb & Ellis\BRE Commercial in Phoenix have the leasing assignment on the three-story office. Rental rates still to be determined. The office condos are being marketed by Eric Butler and Bret Isbell of Logan Commercial Advisors in Scottsdale. The Logan agents are offering office suites and buildings ranging from about 1,500 sq. ft. to 8,000 sq. ft. The shell space is priced at $250 per foot. Find out more from Lyons at (480) 922-9212. The phone number for the principals of DMB Associates is (480) 367-7000. Thor, Matthews and Millar are at (480) 947-7772. The Grubb & Ellis agents are at (602) 954-9000. Reach Butler and Isbell at (480) 860-6900.

Fulton Ranch Community, Chandler

Wed, 16 Apr 2008 16:25:30 GMT

March 9, 2007 Volume XIII, Number 9 BREW brewaz.com
CHAMPION PARTNERS DEVELOPING OFFICE-RETAIL PROJECT AT FULTON RANCH

Chandler . A company formed by Champion Partners in Scottsdale (Ricky Lyons, CEO) plans to develop a office-retail project within the Fulton Ranch community in Chandler. The company paid just under $4.09 million to acquire the 13.8-acre parcel, located at the northwest corner of Chandler Heights and Arizona Avenue. The seller was a company formed by RED Development in Scottsdale (Scott Rehorn, Mike Ebert, principals). Lyons says Champion Partners intends to develop 60,000 sq. ft. of office condominiums and 38,000 sq. ft. of retail space. Butler Design Group in Phoenix and FM Group Inc. in Phoenix is designing the project, being called Marketplace at Fulton Ranch. Construction scheduled to start third quarter 2007, with completion expected first quarter 2008. GCon Inc. in Phoenix to serve as contractor. Development cost (land and buildings) estimated at about $18 million. Home National Bank in Scottsdale provided land acquisition financing. Construction financing yet to be arranged. Champion Partners plans to sell office suites and buildings ranging from 2,000 sq. ft. to 8,000 sq. ft. Shell space to be priced at $275 per foot. Phil Wurth of Logan Commercial Advisors in Scottsdale is marketing the office condos. The retail plaza is being marketed by Chip Thor and Jon Matthews of RED Realty Advisors in Scottsdale. The rental rate for that space is $32 per foot. Champion Partners has been an active developer of retail and office properties in the Valley. The company is looking for additional development opportunities in the Phoenix area. Last week, BREW reported Champion Partners planning to develop a 286,500-square-foot office-retail project within the Marley Park community in Surprise. Find out more from Lyons at (480) 922-9212. Talk to representatives of RED Development and RED Realty at (480) 947-7772. Reach Wurth at (480) 860-6900.

Promenade Commons at Fulton Ranch

Wed, 16 Apr 2008 16:24:21 GMT

March 9, 2007 Volume XIII, Number 9 BREW brewaz.com

Chandler . A company formed by investors Allyn Barnum and Robert Johnston of Chandler and John Coats of Phoenix paid $1.382 million ($257.30 per foot) to buy a 5,370-square-foot shell office condominium at 4921 S. Alma School Road in Chandler. The seller was a company formed by Ricky Lyons of Champion Partners in Scottsdale. The sale was negotiated by Phil Wurth of Logan Commercial Advisors in Scottsdale. The buyer intends to occupy the building, located within the 37,000-square-foot Promenade Commons at Fulton Ranch. Financing for the purchase was arranged by Integrity Capital LLC in Scottsdale.

Fulton Ranch Marketplace

Wed, 16 Apr 2008 16:23:07 GMT

May 14, 2007 Newszap.com Market heads to Fulton Ranch
The new development Marketplace at Fulton Ranch plans to bring a new type of grocery store stateside.

The U.K.-based grocer Tesco, with 2,800 stores in 12 countries, is expanding to the states. Originally planned to be called Tesco U.S.A the new chain will be called Fresh and Easy Neighborhood Market Place. The company will open stores in San Diego, Las Vegas, Los Angeles and 20 stores in the Valley within the next two years. The spot the company has chosen for Chandler will be part of the marketplace slated for the northwest corner of Chandler Heights and Arizona Avenue...

Champion in the News

Wed, 16 Apr 2008 16:21:39 GMT

May 25, 2007 Volume XIII, Number 20 BREW brewaz.com
COMMERCIAL TRANSACTIONS

Litchfield Park - A company formed by investor Neal Smither of Lafayette, Calif. paid $22 million ($330.33 per foot) to acquire a 66,600-square-foot retail plaza located just north of the northwest corner of Camelback and Dysart roads in Litchfield Park. The seller in two transactions was a company formed by Champion Partners in Scottsdale (Ricky Lyons, principal). The deal was brokered through Steve Cook of ESCEE Commercial Properties in Scottsdale. The project, called Camelback Place at Dysart, is 65 percent occupied. Champion Parnters will continue to manage the property. Strategic Retail Advisors has the leasing assignment. The retail investment is the first in the Valley for Smither...