At its November 6 board meeting, Jim Wentworth Jr. of Wentworth Property Company, LLC was elected Vice Chairman of the 2019 Executive Committee of NAIOP Arizona Chapter, the Commercial Real Estate Development Association.
Panelists at a recent Bisnow conference about the state of the region's commercial real estate market predict the city will see another few years of solid growth before any market correction, and even then, the change will not be as severe as in 2008.
The Outstanding Building of the Year (TOBY) Awards, presented by BOMA Greater Phoenix, represent the most prestigious and comprehensive commercial real estate program recognizing outstanding performance in buildings and rewarding excellence in building management.
Arizona’s tallest skyscraper – Chase Tower in downtown Phoenix – has sold again. The sellers, a partnership managed by Phoenix-based Wentworth Property Co., bought the building for $79 million in April through a foreclosure deal.
Wentworth Storage Co. (WSC), the self-storage division of Wentworth Property Co. LLC, has acquired two self-storage facilities in San Antonio. The properties, formerly operated as Handy Space Mini Storage, will be rebranded under the US Storage Centers name. [...]
Chase Tower in downtown Phoenix has sold for almost $79 million through a foreclosure deal, and its new owners said plans are underway to renovate the tower built in 1972. It recently was purchased by a partnership managed Wentworth Property [...]
In 2017, Wentworth Storage Company sold three facilities and bought nine properties, a combination of existing storage facilities and development sites. By the end of the first quarter, the company will have started on plans for five additional projects.
An affiliate of Salt Lake City, UT-based self-storage REIT Extra Space Storage Inc. bought a self-storage facility in Bradenton, FL, for $10.4 million from BH Caruso Storage LLC of Sarasota, FL, according to the Sarasota Herald-Tribune. The 71,000-square-foot facility, at [...]
An affiliate of Phoenix, AZ-based Wentworth Property Company purchased Encanto & 83rd Self Storage in Phoenix for $3.85 million. The property now operates under the Irvine, CA-based US Storage Centers brand.
New York City, NY-based Andover Properties LLC purchased AAA Storage in Minneola, FL, for nearly $7 million. The name of the seller wasn’t available. The facility, at 995 N. U.S. Highway 27, contains 75,000 square feet and over 600 storage units. [...]