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Phoenix & Southwest  + Phoenix  + Retail  | 

Downtown Chandler MXU Trades for $12M

Overstreet, a fully leased, Class A mixed-use office and retail development in downtown Chandler traded hands for $12.3 million. The 2018 constructed property consists of 31,804 square feet comprising of two separate ground-level retail spaces with a contiguous second floor of office spanning across an interior street between the retail.

The 100%-leased asset at 140 N. Arizona Ave. was acquired by Overstreet Project, LLC, a Nevada limited liability company. The seller was DT Chandler, LLC an Arizona limited liability company formed by LGE Design Build and Valley investors Mike Anderson and Bret Anderson.

CoBe Real Estate’s Steve Beck represented the buyer. Cushman & Wakefield’s Eric Wichterman, Mike Coover, Scott Boardman and Chris Hollenbeck represented the seller.

Wichterman says, “Overstreet is a rare mixed-use property situated in one of the most sought-after markets in the greater Phoenix area, and offering stable, long-term tenancy.”

The property features cutting edge architecture and interior improvements and also includes a large digital media billboard that wraps the corner of the neighboring building.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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