Hello, readers! This week, I only have a few items to discuss, but there is much information. I’ll waste no time getting into today’s items, which include the sale of a multi-tenant building, a local businesswoman who was recognized for all her hard work and an event for individuals looking to grow in the business world. Here we go!
First, LIMO Enterprises LLC purchased Arrowhead Festival, located at the northeast corner of 73rd Avenue and Bell Road, from PWREO 73rd and Bell LLC for $3.07 million. The 12,615-square-foot, multi-tenant building is 100%-leased to long-term tenants including Jackson Hewitt, America’s Best, Doda’s Pizza and Blooming Nails. Chris Hollenbeck and Shane Carter of Cushman & Wakefield’s Phoenix office negotiated on behalf of the seller, which is a subsidiary of Pacific West Land of Bainbridge Island, Washington. The buyer is based in Phoenix.
“Arrowhead Festival is located in an irreplaceable location on Bell Road right in the Arrowhead Mall trade area. This asset will be a great long term hold for the buyer,” Hollenbeck said.
It is adjacent to the 1.37 million-square-foot Arrowhead Towne Center. Anchors in that complex are Dillard’s, J.C. Penney, Sears, Macy’s, AMC Theatres and Forever 21.
On a different end of the spectrum, Forrest Anderson Plumbing and Air Conditioning Inc. President Audrey Monell was recently recognized by Lead Up for Woman, an organization that supports, educates and elevates women looking to improve their leadership abilities. The organization profiled Monell in its inaugural magazine issue, shared her advice for entrepreneurial women on its podcast and gave her a platform at a luncheon in Scottsdale. She was also featured on a diverse panel of women who shared their professional experiences and provided insight, motivation and inspiration to dozens of women in attendance.
“I am honored to be featured by Lead Up for Women, because the organization offers support and learning for women who want to take on new challenges to elevate their careers,” said Monell, who is also president-elect for Executive Women International’s Phoenix chapter.
“Skilled trades like plumbing and air conditioning repair offer incredible opportunities for women, but there are many challenges. When I started in the industry, I didn’t have this kind of support, so I am happy to share my experience and hopefully smooth the path for those who follow.”
Monell’s other accomplishments include being on Phoenix Business Journal’s 2019 Outstanding Women in Business and 2018 Largest Phoenix-Area Women-Owned Business lists, as well as Arizona Business Magazine’s 2018 Most Influential Women in Arizona Business list. She was also one of The NEWS’ Top 40 Under 40 last year and is a Greater Phoenix Chamber 2018 Athena Young Professional finalist.
Forrest Anderson made it to the finals for the 2018 Better Business Bureau of Greater Arizona Torch Award for Ethics, and received high rankings on the Phoenix Business Journal’s 2018 Largest Phoenix-Area Mechanical Contractor, 2017 Family-Owned Business, 2017 Top Mechanical Contractors and 2016 Top 25 Mechanical Contractors lists.
Finally, let’s check an event off our agenda.
ASU West Campus will host Better You: Better Business from 11 a.m. to 2 p.m. Saturday, May 11. Ashley Zahabian will speak about emotional intelligence, while special guest Pathway of Power’s Alex Fairman will discuss increasing productivity. Admission costs $45. Seating is limited. ASU West is at 4701 W. Thunderbird Road. For more information, visit https://bit.ly/2Vu2Bak.
That’s all the briefs for this week. Thanks for reading!