west valley
Volume 29 Issue 32 Goodyear, AZ
May 9, 2018
Business Briefcase
ByConnorDziawura
IN THE BIZ
Greetings, readers! Welcome back to another great edition of Business Briefcase. As May is well underway, I have plenty of developments to discuss for the week. As can be expected, plenty is happening in Goodyear, but this week brings some news from areas not as often represented. There was a land purchase in Tonopah, but there are also several items in western Phoenix. But of course, with plenty of developments on the table, the Southwest Valley Chamber of Commerce is aiding a new Goodyear-based army recruitment center in holding its grandopening ceremony, while also bringing back the popular Lunch N Learn session, albeit with a new focus. Well, let’s get into the nitty-gritty of what I just mentioned. Here are the details! First, JR Investments 1 LLC purchased 200 acres of land east of 383rd Avenue and Indian School Road in Tonopah for $1.7 million. SVN | Desert Commercial Advisors’ Jonathan Levy represented the seller, James Coyne of Nevada-based Indian School 200 LLC, in the off-market cash transaction. The escrow period was 60 days. “I am happy for both my client, as well as the buyer for adding another investment property to his portfolio,” Levy said.
According to an SVN | Desert Commercial Advisors press release, Coyne was still contemplating whether to sell the property after his initial conversation with Levy, who then presented him with market statistics on future growth and development expectations. The choice then became a no-brainer. “Jonathan certainly earned his fee on this transaction for the simple reason he called me,” Coyne said. “It’s a great example of being persistent in this business.” Chase Bank, a 4,214-square-foot net-leased property in Goodyear, also recently sold for $4.95 million. The sale was announced by commercial real estate investment services firm Marcus & Millichap via its Phoenix office’s regional manager, Ryan Sarbinoff. Chase Bank is located at 9846 S. Estrella Parkway. Continuing, a new army recruitment center will hold its grand opening event at noon Monday, May 14. Lt. Col. David Clukey, battalion commander, will be present, and refreshments will be served. The community is invited. The army recruitment center is located at 15570 W. Van Buren Street, Suite 102, Goodyear. For more information about the event, contact the Southwest Valley Chamber of Commerce at 623-932-2260 or info@southwestvalleychamber.org. (USPS 004-616) is published weekly
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Steven Strickbine, publisher Christina Fuoco-Karasinski, editor Connor Dziawura, Assistant Editor
SVN | Desert Commercial Advisors’ Jonathan Levy represented James Coyne of Nevada-based Indian School 200 LLC in the cash sale of 200 acres of land east of 383rd Avenue and Indian School Road in Tonopah for $1.7 million. JR Investments 1 LLC purchased the land. (Photo courtesy SVN | Desert Commercial Advisors)
Last week I discussed Abrazo West’s “A” grade, awarded by The Leapfrog Group in its latest hospital safety report card. Well, the Washington, D.C.based organization awarded Banner Estrella Medical Center an “A” grade as well. Banner Estrella and Abrazo West are among 750 “A”-grade hospitals spanning the country, which also includes Abrazo’s Central and Arrowhead campuses. “It’s a tremendous honor to once again receive the highest grade possible for safety,” said Courtney Ophaug,
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