Looking back on 2016 highlights and identifying some key areas of interest in 2017
2016 has been a great year for COBE Real Estate. We are thankful for those who contributed to a successful year, and hope for even better and brighter things from 2017. Here are some of our 2016 highlights and things that have us excited about 2017
Phoenix Warehouse District
The Warehouse District, located just south of downtown Phoenix, was once an economic hub where produce from Arizona’s farms was warehoused. Thanks to recent renovations in the area, it seems the Warehouse District will once again become a thriving area of Phoenix and home to a number of creative companies.
WebPT and Galvanize are among the list of new tenants in the area. The highly successful tech companies signed long term leases for a 122,000 SF building in December of 2015. COBE Real Estate broker TJ Zaharis, who represented the owner of the warehouse in the negotiations, sees the Grant Street Warehouse project as a catalyst for future investments and employment. “This announcement is a big win for the Warehouse District that has been years in the making – all the collaboration between the public and private sectors should be celebrated for truly being pioneers in this revitalization” stated Zaharis.
WebPT and Galvanize are expected to bring more than 800 new employees to the area as they complete the renovations on the Grant Warehouse space. The increase to the number of people in the area will then bring a larger demand for restaurants, coffee houses, and housing.
More details on the closing of the 515 Grant Street Warehouse click here: Phoenix Warehouse District
Agritiopia is a unique and growing fixture in Gilbert. A residential development with a working farm as its central feature, this agrihood is built on what used to be the Johnston family farm. Agritopia was designed to preserve urban agriculture, to be neighborly and walkable, to breakdown barriers between people and to be multi-use.
With the developments of Generations at Agritopia, Barnone, Epicenter, and The Shops at Agritopia Village South, Gilbert is set to see growth in commercial, retail and housing. We are excited to have this iconic community in our area and anticipate that it will continue to be a destination for locals and tourists alike.
For details on leasing availability, click here: The Shops at Agritopia Village South
Pinal Professional Village
Located in a prime growth area, the Pinal Professional Village will host a wide variety of medical and professional tenants, including Rural Metro Fire, Pinal County Public Health Clinic, SimonMed Imaging and Arizona Public Safety Advocacy Center.
The San Tan Valley has a projected growth rate of 47% and is considered the Fastest Growing Region in Arizona. With the Master Planned Community of Encanterra Trilogy Homes and Golf Resort, and Banner Ironwood Medical adjacent to the property, this professional village is in the highest area for growth in residential and medical industries.
With these planned developments San Tan Valley and Queen Creek continue to establish themselves as prime growth areas of the East Valley in 2017.
For more information on the Pinal Professional Village visit: Featured Property : Pinal Professional Village
Commercial Real Estate Investment
One of COBE Real Estate’s 2016 highlights was the representation of a number of investment deals across the Valley. COBE Real Estate brokers Steve Beck, Brad Broyles and TJ Zaharis represented commercial investment sales and acquisitions alike throughout 2016.
Some of COBE’s investment closings included:
Investing in Commercial Real Estate can offer attractive returns, steady cash flow, and the benefits of possessing tangible assets. We are excited to see an increased interest in this market, and look forward to aiding our clients in future investment transactions.
From all of us at COBE Real Estate, thank you for being a part of our 2016 highlights. We look forward to ringing in 2017 with you.