You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
By Audrey Jensen – Reporter, Phoenix Business Journal
Dec 14, 2022
The new development is expected to include a 32-acre office campus with a 300,000-square-foot facility developed by Chevelle Properties LLC.
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The first phase is estimated to total a $198 million investment and create or retain 1,100 high-wage jobs, according to a city report, which does not identify the developer or the potential company considering Phoenix for its headquarters due to a nondisclosure agreement.
Through codename “Project Christmas,” the proposed development is associated with an upcoming Arizona State Land Department Auction scheduled for Dec. 27, according to state land documents. The state land department is holding an auction for about 35 acres close to the southwest corner of Tatum and Mayo boulevards for a minimum bid of $29.4 million.
The property is located in close proximity to the Desert Ridge Marketplace and the Mayo Clinic campus in north Phoenix near State Route 51 and Loop 101. The developer is currently undergoing due diligence on locations in the city of Phoenix, while a final site will be selected before they enter into a development agreement, according to the city report.
City documents say the developer is a “national leader” in its industry with annual revenue in the billions with thousands of locations across the U.S. It also says the “established and well-known” company will be able to call Phoenix home and provide thousands of jobs to residents. It’s unclear if the developer and company are separate entities.
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“Nationally this project would be one of the first large-scale office employment announcements since the pandemic and signifies a return to normal business and recovery from the Covid-19 pandemic,” the city report added.
City to vote on development agreement
On Wednesday, Phoenix City Council is scheduled to vote on a development agreement with Chevelle Properties LLC to reimburse the developer for up to $5 million in public infrastructure improvements to support the new office project and surrounding area.
According to the Arizona Corporation Commission, Chevelle Properties LLC is connected to Phoenix law firm Salmon, Lewis & Weldon PLC and Harvard Business Services Inc., a business incorporation service in Delaware.
The public infrastructure improvements include street frontage and intersection upgrades, water and sewer main extensions along the frontage of the project and any other floodplain or other regional traffic improvements, city documents said.
The reimbursements will be funded annually through the city’s strategic economic development fund and general fund portion of eligible transaction privilege tax revenue generated from the site for 10 years.
“These taxes shall be comprised primarily of the taxes relating to the construction and installation of the public infrastructure improvements, private infrastructure improvements, and build-out of the project,” the city report said.
The development agreement will end a decade after the project is completed and city’s acceptance of public infrastructure improvements.
The new office facility could be one of the largest proposed in recent months. Across the Valley, new class A office buildings have been proposed or completed in cities including Peoria, Goodyear and Phoenix. In addition, demand for premium office space has continued to stay strong, with the bulk of the Valley’s leases signed in Q3 at class A properties.
RED Development’s new The Grove project, a 180,000-square-foot office building in Phoenix’s Arcadia neighborhood, is now fully leased to companies such as Sendoso, Clayco, Clear Sky Capital and more.
At the same time, technology companies including Tempe-based Carvana have continued to announce or plan mass layoffs across the U.S., but it’s unclear how this has impacted the Phoenix metro.
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SEE IT ALL: https://www.bizjournals.com/phoenix/news/2022/12/13/phoenix-new-office-campus-proposed.html
FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
Walter Unger CCIM cell: 520-975-5207 walterunger@ccim.net
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
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