ACHIEVEMENTS & NEWS

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KB DEVCO Purchases 1802 E. Camelback Rd, Phoenix, AZ 85016
April 10,2024
KB DEVCO purchased the property located at 1802 E Camelback Rd in Phoenix for $2.7M.  The property consists of a 1,796/sf bank building situated on a 30,013/sf land parcel.  The Buyer intends to market the property for lease or BTS.  Jason Fessinger (480-241-1475) and David Uhles (480-221-3707) with Western Retail Advisors have the leasing assignment.

KB DEVCO Plans for 121 units at 13875 N Northsight Blvd
February 5, 2024
KB DEVCO is planning a 121-unit, 3 story apartment complex on 4.5 acres at 13875 N Northsight Blvd in Scottsdale. The proposal calls for 37 one-bedroom, 72 two-bedroom and 12 three-bedroom units.

Tempe DRC Advances 272 Unit Apartment Plan at the SWC of Apache and McClintock
January 30, 2024
KB DEVCO is planning Apache Square, a 272-unit apartment complex on 1.95 acres at 1747 E. Apache Blvd. The proposal calls for 99 studios, 96 one-bedroom, 63 two-bedroom and 14 three-bedroom units, along with 4.5KSF of ground floor retail and a parking garage.

KB DEVCO Pays $5,750,000 for 1.95 Acre Redevelopment
Friday, May 27, 2022
KB DEVCO, LLC dba APACHE SOUTH, LLC purchased a 16,750/sf retail building situated on 1.95 acres in Tempe, AZ for $5,750,000.  KB DEVCO plans to redevelop the property into a mixed use residential development along the Tempe light rail.  Details to follow.  Tom Jacobs of Cushman & Wakefield represented both the Seller and the Buyer in the transaction.

KB DEVCO Purchased an 18,000 Square Foot Industrial Building For $1.33M
Thursday, September 22, 2022
KB DEVCO, LLC dba ADOBE FUND II, LLC purchased an 18,000/sf industrial building in Phoenix, AZ for $1.33M.
The Buyer plans to rehab the property and then offer it for rent or sale. There were no brokers listed in the transaction.

KB DEVCO PAYS $885,000 ($14.51/sf) for 1.4 Acre Industrial Land Parcel
Wednesday, April 20, 2022
KB DEVCO, LLC dba ADOBE FUND, LLC purchased a 1.4 acre land site located at 22201 N Black Canyon Hwy, Phoenix, AZ for $885,000.  No future plans for the site have been announced as of yet.   Details to follow.

KB DEVCO PAYS $4.3M for Bank Branch Located in North Scottsdale
Tuesday, March 2, 2022
KB DEVCO, LLC dba Northsight Partners, LLC purchased an 8.200 square foot office/retail building, situated on 4.49 acres, located at 13875 N. Northsight Blvd, Scottsdale, AZ 85260.  The Buyer paid $4,300,000 for the property.  KEYSER represented the Seller in the transaction.

​KB DEVCO PAYS $1.5 MILLION FOR 12,400/SF ON 1.65 ACRES
Friday, September 3, 2020
KB DEVCO, LLC dba 4030 E University, LLC purchased a 12,400 square foot industrial building on 1.65 acres, located at 4030 E University on August 13, 2020.  The Buyer paid $1,500,000 for the asset.  The Buyer plans to put the property back on the market for lease.  Leroy Breinholt from Commercial Properties, Inc. has the leasing assignment.

​KB DEVCO ACQUIRES 15,120/SF BUILDING ON 1 ACRE
Friday, November 23, 2018
KB DEVCO, LLC dba DLH 34th Dr, LLC, purchased a 15,100 square foot industrial building located at 3148 N 34th Dr., Phoenix, AZ 85017 on November 15, 2018.  The Buyer paid $950,000 for the asset.  The deal was brokered by Andy Cloud of Cushman & Wakefield who represented both sides of the transaction.  The Buyer plans to put the property back on the market for lease.  Andy Cloud from Cushman & Wakefield has the leasing assignment.

​KB DEVCO BEGINS PLANS TO CONSTRUCT 20,000/SF ON 2 ACRES
Tuesday, August 1, 2017
KB DEVCO begins the design phase on a newly constructed 20,000 square foot industrial building on 2 acres. The property located at 2812 S 40th Street, Phoenix, AZ will feature a 1 acre fenced yard area, 2 truck wells, 5 grade level doors, 24' ceiling clearance, 2 story office with balcony, and a will call area.  The building will have excellent street front visibility located at the busy intersection of University and 40th Street. Construction is expected to begin November 2017 and ready to occupy the 2nd quarter of 2018.

​KB DEVCO BUYS A $900,000 LOAN FROM PLAZA BANK
Thursday, August 31, 2017
KB DEVCO dba Dlh Parkside, LLC, purchases $900,000 of debt backed by commercial real estate securities from Plaza Bank.  The buyer plans to work with the borrower and other creditors in seeking a favorable resolution for all parties involved.

KB DEVCO WELCOMES ALSTATE STEEL
Friday, June 23, 2017
KB DEVCO and ALSTATE STEEL, finalized a lease agreement for a 15,000 square foot industrial building located at
​5323 W Mohave Street, Phoenix, AZ.  The property had been recently purchased by Cirrus Johnson, LLC, a subsidiary of KB DEVCO and refurbished to its current condition.  KB DEVCO is pleased to have ALSTATE STEEL as a tenant.   Special thanks to Cooper Fratt of CB Richard Ellis for representing the tenant in the lease negotiation.

KB DEVCO ACQUIRES 5343 W MOHAVE STREET, PHOENIX, AZ
Mondy, April 17, 2017
KB DEVCO dba Cirrus Johnson, LLC, purchased approximately a 15,000 square foot industrial building on 3.22 acres
located at 5343 W Mohave Street, for $800,000.  The company plans to rehab the property and then market it for lease.  The deal was made directly between the Seller and the Buyer with no brokers involved. Please contact Ben Johnson for all questions and leasing opportunities 480-628-2530.

KB DEVCO BUYS 2.9 ACRES AT THE INTERSECTION OF 40TH ST & UNIVERSITY
Thursday, April 6, 2017
KB DEVCO dba DLH University, LLC, purchased approximately 2.9 acres of industrial zoned land at the southwest and southeast corners of 40th street and University located in Phoenix, AZ.  The company is currently exploring development options for the site.  Special thanks to Chip Kloppenburg of of SVN Desert Commercial Advisers for representing the Buyer in the transaction.

KB DEVCO WELCOMES CARCO INDUSTRIES 
Friday, March 9, 2017
KB DEVCO and Carco Industries, finalized a lease agreement for a 27,000 square foot industrial building located at
​50 S. 47th Avenue, Phoenix, AZ.  The property had been recently purchased by Cirrus Johnson, LLC, a subsidiary of KB DEVCO and refurbished to its current condition.  KB DEVCO is pleased to have Carco Industries as a tenant.   Special thanks to Skip Corley of of DAUM Commercial Real Estate Services for representing both sides in the lease negotiation.  ​

KB DEVCO WELCOMES FIREHOUSE SUBS TO SHOPS AT NORTHERN CROSSINGS
Friday, January 14, 2017
KB DEVCO and Firehouse Subs, finalized a lease agreement for the east endcap located at 5803 W. Northern Ave., Glendale, AZ.  Firehouse will be taking 1,700 square feet of the newly constructed 8,000 square foot shop space.  KB DEVCO is pleased to have Firehouse Subs as a tenant and knows they will be a great addition to the tenant mix.  Special thanks to Gabe Ortega of NAI Horizon for representing Firehouse Subs in the lease negotiations.  

To find out about more leasing opportunities at The Shops at Northern Crossings, please contact Ryan Leavitt or Brad Douglass with Cushman Wakefield at 602-224-4489.

KB DEVCO COMPLETES SALE OF NORTHERN CROSSINGS RETAIL PAD
Friday, January 14, 2017
KB DEVCO dba DLH Northern, LLC, sold one of its retail holdings in a $3.6MM transaction to MNG.  The center, located at 5849 W. Northern Ave., Glendale, AZ, is approximately 15,000 square feet of shop space with Chase Bank, Chipotle Mexican Grill, & Verizon Wireless in the tenant mix. Special thanks to Danny Gardiner and Steven Underwood of Phoenix Commercial Advisers for representing both sides of the transaction. KB DEVCO is seeking additional opportunities.  Contact Ben Johnson 480-628-2530 with all inquires and possible leads.

KB DEVCO COMPLETES CONSTRUCTION ON SHOPS AT NORTHERN RETAIL PLAZA
Friday, January 14, 2017
KB DEVCO completes construction of Shops at Northern.  An 8,000/sf retail building located at 5803 W Northern Ave., Glendale, AZ.  The building is located on an outparcel anchored by Lowe's, Ross, and Walmart.  Special thanks to LGE Design Build for constructing a fantastic building and delivering it on schedule.  Brad Douglas and Ryan Leavitt of Cushman Wakefield have the leasing assignment. 

​KB DEVCO BREAKS GROUND ON 8,000/SF RETAIL SHOP SPACE
Wednesday, July 29, 2016
KB DEVCO begins construction on 8,000 square feet of retail shop space anchored by Lowes Home Improvement and Walmart.  LGE Design Build was awarded the construction project.  Brad Douglas and Ryan Leavitt of Cushman Wakefield have the leasing assignment.  The construction is expected to be completed by first quarter of 2017

KB DEVCO INKS LEASE DEAL WITH T-MOBILE AT NORTHERN CROSSINGS
Monday, June 20, 2016
KB DEVCO, dba Northern 2, LLC, and 2B Wireless, LLC dba T-Mobile, finalized a lease agreement for the west endcap located at 5803 W. Northern Ave., Glendale, AZ.  2B Wireless, LLC will be taking 1,456 square feet of the proposed 8,000 square foot shop space.  KB DEVCO is pleased to have T-Mobile as a tenant and knows they will be a great addition not only to the immediate shop space, but to the overall shopping center as well.  Special thanks to Brad Douglass and Ryan Leavitt with Cushman Wakefield for successfully negotiating the deal and representing both sides of the transaction.

KB DEVCO ADDS TO INDUSTRIAL HOLDINGS WITH 27K/ SF TRUSTEE SALE PURCHASE
Friday, June 10, 2016
KB DEVCO dba Cirrus Johnson, LLC, was the winning bidder at the trustee sale auction held for the property located at 50 S. 47th Ave., Phoenix, AZ.  The 27,000/sf building on 3.7 acres sold for approximately $1,000,000.  The buyer plans to refurbish the property and put it on the market for lease.  Please contact Ben Johnson 480-628-2530 for all inquiries.

​KB DEVCO PURCHASES $900K OF DEBT FROM PRIVATE MONEY LENDER
Thursday, May 26, 2016
KB DEVCO dba Cirrus Johnson, LLC, purchases $900,000 of debt backed by commercial real estate securities from Capital Fund II, LLC.  The buyer plans to work with the borrower and other creditors in seeking a favorable resolution for all parties involved.

KB DEVCO ADDS SUPERCUTS TO NORTHERN CROSSINGS TENANT MIX
Monday, May 16, 2016
KB DEVCO signs a lease with Supercuts, Inc for 1,200 square feet of space in the Shops at Northern Crossings, an 8,000 square foot retail development expected to break ground in July of 2016. Brad Douglass and Ryan Leavitt of Cushman Wakefield represented the Landlord.  Special thanks to David Jarand with Strategic Retail group for bringing the tenant. 

​KB DEVCO PAYS $800,000 FOR LOWES OUTPARCEL AT NORTHERN CROSSINGS
Friday, February 19, 2016
Phoenix based firm KB DEVCO purchased a 1 acre parcel from Lowe's Home Centers, LLC.  The buyer plans to build 8,000 square feet of retail shop space.  The project is expected to be completed by the 1st quarter of 2017.  Brad Douglass and Ryan Leavitt of Cushman & Wakefield represented the buyer in the transaction and will have the leasing assignment going forward.  Please contact Brad Douglass or Ryan Leavitt to find out more on available leasing opportunities 602-224-4489.

​KB DEVCO BUYS 10,000/SF BUILDING ON 2 ACRES
Tuesday, December 29, 2015
KB DEVCO dba DLH  27th Ave, LLC, acquires a 10,000 square foot industrial building on 2 acres for $639,000.  It's reported that the property had deferred maintenance and zoning issues at the time of sale.  The property was 100% leased to a single tenant with less than one year remaining on the lease.  The buyer plans to rezone the property and work with the tenant in extending the lease.  Special thanks to Mark DeMichele for representing both the Seller and the Buyer in the transaction.  KB DEVCO is seeking additional value add opportunities.  Please contact Ben Johnson 480-628-2530 with potential opportunities.

KB DEVCO SELLS PROPERTY TO AUGUST FLUEGGE IN $1.1MM TRANSACTION
Wednesday, December 16, 2015
KB DEVCO dba Cirrus Johnson, LLC, sold an 8,000/sf building on 4 acres located located at 1850 E 20th Street in Yuma, AZ. The property was 100% leased to Century Link, Inc.  The buyer, August Fluegge, plans to hold the property as a long term leased investment.  Both the Seller and the Buyer represented themselves in the transaction.  KB DEVCO is currently seeking additional opportunities.  Please contact Ben Johnson 480-628-2530 with for details.

BRONAUGH INVESTORS OREGON, LLC PAYS $1.6MM FOR CENTURY LINK PROPERTY 
Monday, August 19, 2013
Bronaugh Investors Oregon, LP purchased a 6,540 square foot building on 4 acres, 100% leased by Century Link for $1,600,000.  The seller was DLH Realty Investments, a subsidiary of KB DEVCO.  Both the buyer and the seller represented themselves in the transaction.  The seller (KB DEVCO) is looking for additional opportunities. Contact Ben Johnson 480-628-2530 with potential leads or inquiries.

​KB DEVCO SELLS 3 BAY AUTO BUILDING TO PETER TOMAINO
Wednesday, July 3, 2013
KB DEVCO sells a 3 bay auto lube facility to Peter Tomaino.  The property was 100% leased at the time of sale.  Ryan Leavitt and Brad Douglas of Cassidy Turley represented the seller in the transaction.  KB DEVCO is looking for additional opportunities. Please contact Ben Johnson 480-628-2530 for all inquiries and opportunities.

​KB DEVCO SELLS JIFFY LUBE RETAIL CENTER FOR $1.15MM
Thursday, October 25, 2012
KB DEVCO sells a Jiffy Lube Retail Center located at 931 S. Val Vista, Gilbert, AZ for $1,150,000.00 to Harter Family Trust.  The property contained two tenants with long term leases in place.  KB DEVCO is a Phoenix based real estate development firm and is looking for additional opportunities in the greater Phoenix area.

​3.28 INDUSTRIAL ZONED ACRES IN GILBERT SELLS FOR $335,000
Tuesday, August 28, 2012
Yards for Rent, LLC acquires 3.28 acres, located at 1450 E. McQueen Rd., in Gilbert, AZ from DLH Realty Investments, LLC, a subsidiary of KB DEVCO.  The buyer plans to develop the property into contractor storage yards.  The buyer was represented by Trent Powell of Cardon Real Estate.  The seller represented themselves in the transaction.  The seller is looking for additional opportunities.  Please contact Ben Johnson 480-628-2530 with any potential leads.

KB DEVCO PAYS $2.2 MILLION FOR NORTHERN CROSSINGS OUTPARCEL 
Friday, June 29, 2012
KB DEVCO strikes again. Pays $2,200,000 for a 14,000 square foot retail center located on the 
hard corner of 59th Ave and Northern Ave., in Glendale, AZ.  The shopping center is 64% leased
with Verizon Wireless, Chase Bank, and Chipotle Mexican Grill.  The buyer plans to renovate the
building, lease up the additional space, and operate the center for the near future.

KB DEVCO ADDS TO RETAIL HOLDINGS WITH RECENT JIFFY LUBE PURCHASE
Wednesday, March 14, 2012
KB DEVCO was the winning bidder at the trustee sale on July 25, 2011.  The sale was for a two tenant retail 
building with Jiffy Lube and Desert Foothills Car Wash as the tenants.  The winning bidder paid just over
$700,000 for the investment.  The buyer plans to work with the tenants in correcting their rents to a rate 
more inline with the market and holding the asset until the market improves.

​KB DEVCO PURCHASES $3.5MM OF DEBT FROM PLAZA BANK
Thursday, December 15, 2011
KB DEVCO strikes again with another debt acquisition.  The Phoenix based firm paid an undisclosed amount for
the $3,500,000 debt backed by commercial securities, held by Plaza Bank of Nevada.  The firm plans on going
through the necessary steps to work with the borrowers in resolving the delinquencies.

KB DEVCO ACUIRES $3.6MM LOAN PORTFOLIO FROM ZIONS BANK

Friday, July 15, 2011

Phoenix based firm KB DEVCO, dba South 40th, LLC, purchases $3,600,000 of debt from Zions National Bank.  The loan portfolio is secured by several commercial real estate backed securities.  The buyer plans on working with the debtors to try and resolve the delinquencies in a favorable manner for all parties.  KB DEVCO is seeking additional debt acquisition opportunities.