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US Capital Development breaks ground in Glendale

BY GLENDALE STAR STAFF

St. Louis-based US Capital Development recently broke ground on its fi rst development in Arizona.

Falcon Park 303 Phase I will be a 599,468-square-foot speculative industrial product located along the Loop 303 corridor in Glendale.

US Capital Development managing partner and CEO Scott Sachtleben noted during the groundbreaking ceremony that the fi rm has grown rapidly in its last four years, quadrupling in staff size and developing nearly $2 billion of product.

“Within the next 12 months, we’ll have another $1 billion of vertical development in the queue,” Sachtleben said. “This is our fi rst entry into the Phoenix valley, and we’re excited about the potential that we see here in Glendale. We’re very anxious to get going.”

“I want to thank the team at US Capital Development for their investment and their trust in our partnership,” Glendale Mayor Jerry Weiers added. “We’ve been growing at warp speed, and that has everything to do with our partners and the trust that they place in the city of Glendale. This is just one of several buildings, so we’re not done after today. In fact, we’re just getting started.”

Falcon Park 303 Phase I sits on 36.75 acres along Camelback Road at 152nd Avenue, just over a mile east of the Loop 303. The building will feature 40-foot clear heights, with 92 dock-height loading doors and four drive-in loading doors. The 599,468-square-foot space is divisible by half. The building is expected to be completed by August.

The team working alongside US Capital Development includes general contractor Willmeng Construction, architect Gray Design Group and civil engineering fi rm Hilgart Wilson. The leasing on the development is being handled by the Cushman & Wakefi eld team of Andy Markham, Mike Haenel and Phil Haenel.

“Willmeng is grateful to US Capital Development for the opportunity to partner with them on this project,” said Thomas Jarvis, Willmeng Construction vice president and partner.

“There are multiple opportunities across the Valley that we’re working with them on, and we’re ready to help Scott and his team establish a successful presence here in Arizona.”

US Capital Development is also working on plans for Falcon Park 303 Phase

(Left) Representatives from US Capital Development, Willmeng Construction, the city of Glendale and Gray Design take part in the groundbreaking ceremony for the new Falcon Park 303 Phase I in Glendale. (Right) Executives with US Capital Development, from left, Nelson Grumney, development manager; Jon Petriches, project manager; Matthew Stack, director of development and operations; and Scott Sachtleben, managing partner and chief executive offi cer, ceremonially shovel some dirt. (Photos courtesy of US Capital Development) II, which will be a 325,000-square-foot speculative industrial building. Along with Falcon Park 303, Sachtleben said that his fi rm is in various stages of planning on at three other industrial developments across the Valley. He noted that by the fi rst quarter of 2022, US Capital Development will have 3 million square feet of industrial product coming out of the ground in the Phoenix market. Nelson Grumney, who heads up development opportunities for US Capital in the Phoenix market, added, “The pandemic fueled surge in e-commerce, increased consumer demand and the reshoring of manufacturing and warehousing has introduced a huge need for additional industrial product nationally. With the large, growing population base in the Valley, pro-business regulatory environment and proximity to multiple markets, we feel that we are well Falcon Park 303 Phase I in Glendale will be a 599,468-square-foot speculative industrial product located along the positioned in the Southwest Loop 101 corridor in Glendale. (Photo courtesy of US Capital Development) Valley.”

September 30, 2021

Real estate company partners with Cardinals

BY GLENDALE STAR STAFF 72SOLD has offi cially become the Arizona Cardinals exclusive partner in real estate.

Founded in 2018 by attorney, real estate authority and TV spokesperson Greg Hague, the highly advertised 72SOLD brand offers people a program to sell their home in 72 hours, net more than selling traditionally, avoid the inconvenience of daily showings, and then stay for up to six months after closing.

“After a challenging year, pro football is back, and 72SOLD is proud to be a supporter of the Arizona Cardinals and its loyal fans,” Hague said. “We couldn’t be more thrilled to form this long-term partnership with Cardinals ownership, management, staff and players.

The arrangement designates 72SOLD as the exclusive real estate partner for the Arizona Cardinals.

“We are very excited to have the support of 72SOLD through this new partnership,” Cardinals owner Michael Bidwill said. “They are a recognized and well-established leader in the Valley’s real estate industry, and we are grateful to have them join our team of corporate partners.”

As a complement to this partnership with the Cardinals, 72SOLD will be featured on game day TV and radio commercials, behind the goal post billboards, the Cardinal’s website and Facebook page, and be seen on multiple in-stadium digital concourse boards during games. 72SOLD is also the sponsor for a new series, Cardinal Folktalkes, that will be shared across all of the Arizona Cardinals social platforms, website and in stadium.

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PLEASE CALL SEAN OR ROBERT TO SCHEDULE TIME Greg Hague, attorney, real estate authority and TV spokesperson, founded 72SOLD in 2018. (Photo courtesy of Liz Renninger)

Gaming Enterprise names new general counsel

BY GLENDALE STAR STAFF

Justin Ruggieri will represent the Tohono O’odham Gaming Enterprise as its new general counsel, according to Desert Diamond Casinos & Entertainment.

He takes over this key position at an important moment as the enterprise continues to roll out new gaming opportunities at its four properties near Tucson, Sahuarita, Glendale, and Why (Ajo), Arizona.

Ruggieri has served as assistant general counsel to the enterprise since 2008. His responsibilities have included regulatory compliance, negotiating and drafting commercial contracts, and advising senior management with respect to employment law and general operational matters.

Most recently he assisted the Tohono O’odham Nation during the negotiation of the 2021 Amended Gaming Compact.

A 2000 graduate of the University of Arizona James E. Rogers College of Law, Ruggieri also previously served as assistant attorney general for the Pascua Yaqui Tribe from 2001 to 2007, where he advised the Pascua Yaqui Tribal Council on governmental matters as well as gaming matters.

He has taught Indian Gaming Law at the Arizona James E. Rogers College of Law, where he received the Professor of Practice of the Year award in 2017. He has also presented on a wide array of legal matters, including Indian law and gaming law, over the past 15 years to fellow attorneys and industry professionals.

“Justin is ideally suited for general counsel as we move forward with new opportunities for the enterprise. He has been playing a key role in our legal efforts for many years and is a welcome addition to the team that will lead our organization into the future,” said Mike Bean, CEO of the Tohono O’odham Gaming Enterprise.

Desert Diamond Casinos & Entertainment, with three locations in Southern Arizona (Tucson, Sahuarita and Why) and one in the West Valley, is owned and operated by the Tohono O’odham Gaming Enterprise, an enterprise of the Tohono O’odham Nation.

Additional information can be found at ddcaz.com or by calling 866-DDC-WINS. Follow Desert Diamond Casinos & Entertainment on Twitter (@DiamondCasinos), Facebook (@DDCAZ) and Instagram (@DiamondCasinos).

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