CBRE Negotiates $3.6M Sale of Industrial Buildings in Tempe

first_imgCBRE has negotiated the sale of 1868 and 1872 E. Broadway Rd. in Tempe. The two industrial buildings, totaling 129,690 SF, commanded a sale price of $3.6M. Evan Koplan and Mike Parker with CBRE’s Phoenix office represented the buyer, Hypertec USA, which is a subsidiary of Saint-Laurent, QC, Canada-based Ciara Technologies in the cash transaction. The seller, Dunn Edwards Paints, was represented by Rick Lee and Allen Lowe with Lee & Associates in Phoenix.“When Hypertec initially toured the Sky Harbor Airport Area and Southeast Valley there were only five viable options for existing sale product above 100,000 SF,” said CBRE’s Koplan. “1868 and1872 E. Broadway Rd. offers great freeway access, frontage on a major arterial roadway and the ability to occupy both buildings or continue to lease the frontage building. Hypertec made the decision to take advantage of current market conditions and we were able to negotiate a deal which transacted far below replacement cost.”Built in 1973, the class-B industrial property was previously owned by Los Angeles-based Dunn Edwards Paints who used the space as a showroom/retail location as well as a manufacturing facility.last_img read more

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NPFL Super Six: Defiant Okagbue Refuses To Concede Hope Despite Suffering Two Consecutive Losses…

first_imgDespite suffering a second consecutive loss in the 2018/2019 Nigeria Professional Football League (NPFL) Championship Playoffs, a defiant Uche Okagbue, head coach of FC Ifeanyiubah has refused to give up hope of winning the title.The Anambra Warriors lost 2-1 to Akwa United on Thursday at the Agege Township Stadium despite taking the lead through Emmanuel Ugwuka in the 33rd minute. Akwa turned things around in the second half with Cyril Olisema notching a brace for the Promise Keepers.FC Ifeanyiubah confounded expectations to qualify for the post-season playoffs from Group B ahead of more fancied sides but they lost their opening fixture at the Super Six 3-1 to Lobi Stars and Okagbue put the latest defeat to Akwa United down to the inexperience of his side which he had to build virtually from scratch before the start of the season.”It’s inexperience,” Okagbue said about his side’s defeat. “You can see it from the way they’re playing because if you watch, the whole players of Ifeanyiubah left the team so we picked these players from nowhere, from the amateur league and we started grooming them to this stage.“And when we started the league, nobody gave this team a chance that we’ll get to the Super Six but we got there and everyone who has come to watch this team will see that we got to the Super Six on merit but unfortunately our boys were not experienced enough to carry on.”He, however, expressed satisfaction with his players’ effort although he refused to concede that they lost to a better side, only saying that Akwa United were “lucky” to have gotten the win.“It was a nice match the two teams played I think I’m satisfied with the play of my boys even though we lost, they gave a good account of themselves.“I won’t say I lost to a better side; I can’t say that. They were just lucky that’s what I would say because if you watched the match from the first half, we threw away almost five glaring chances [to score].”Two defeats on the bounce notwithstanding, Okagbue insists that his side still have a lot to play for in the Super Six with not just the title but continental places on offer.“Two defeats don’t mean anything; we’ll still fight on. My team is a determined team and I’m a determined human being, I’ll fight till the end,” he declared.RelatedNPFL Super Six: Subversive Okagbue Vows to Fight for FC IfeanyiUbah’s Pride (AUDIO)June 10, 2019In “NPFl”NPFL: Okagbue Confident Impressive IfeanyiUbah Will Remain Consistent (AUDIO)February 11, 2019In “NPFl”NPFL MD22 Roundup: Mixed Reactions Follow End of Regular Season as Clubs Return to the Lower League Due to Close CallMay 27, 2019In “NPFl”last_img read more

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