A collaborative effort of experience, tenacity and creativity played a role Horizon NAIChurch Realty Solutions has negotiated three agreements totaling $ 3.8 million, “linking real estate to the ministry.”
NAI Horizon Senior Vice President Thomas Smith helps churches acquire new buildings, lease some or all of their existing facilities, reuse buildings to house places of worship, consolidate and help the sale and disposal of properties and facilities for churches of all sizes and styles.
Smith represented the vendor, Gloria Dei Evangelical Lutheran Church in Paradise Valley, Arizona, in the iconic church’s $ 2.41 million disposition at 3539 E. Stanford Drive. The purchaser was HOH PV LLC of Phoenix.
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In a second transaction involving the asset, Smith represented the landlord, HOH PV LLC, in a long-term lease totaling $ 653,964 for a new tenant, Blessings Community Church of Scottsdale, Arizona.
“We were really fortunate to find a buyer who appreciated the historic significance of the church’s architecture and wanted to preserve it, but who also understood the uniqueness and value of the site itself,” Smith said. . “Additionally, our buyer made an effort to live up to the Church Council’s hopes that we locate another church that would also value the property as a future tenant. Blessings Community Church was the perfect tenant with the goal of expanding and celebrating their first anniversary as a new church in the valley.
Waseem Hamada of Venture REI represented HOH PV LLC in the first agreement. Lorence Zimtbaum of Paramount Ventures Realty Group represented Blessings Community Church in connection with the second transaction.
“The historical significance and reverence of our church is held in high regard by members past and present. It has not been emotionally easy to let go of our cherished property, ”said Dr. David Alexander, Evangelical Lutheran Church vice president Gloria Dei. “It was important to our pastor, our church board, and our leadership team that we choose a broker who was sensitive and empathetic to the feelings and desires that accompanied leaving church property.
“We also needed a highly skilled broker with a diverse resume who demonstrated expertise in the strategic positioning and sale of church properties. Thomas also gave us a fully integrated strategic sales approach and a superb marketing platform that aligned with our sales goals. We also had the desire that
our broker would understand our wishes that the future owner of our church property would be another faith community if possible. Our wishes have been granted, ”said Dr Alexander.
Built in 1972, Gloria Dei Evangelical Lutheran Church was designed in 1966 by renowned Phoenix architect Bennie Gonzales, FAIA.
“Thomas’ background allows him to see the church’s real estate industry from all angles,” said Terry Martin-Denning, Designated Broker / CEO of NAI Horizon. “This provides
its customers an extraordinary level of service. For NAI Horizon, he provides strategic advisor on all things church real estate.
In a separate agreement for Church Realty Solutions, NAI Horizon represented the buyer in the sale of a commercial office building in Scottsdale that will serve as a media center for Trinity Church, also in Scottsdale.
Smith represented Trinity Church in the $ 740,000 purchase of 14201 N. Hayden Road, # C-2, Scottsdale. The building totals 3,340 square feet and spans 0.31 acres.
Trinity Church plans to use and expand the many features built into the facilities, particularly a studio for recordings and presentations of its ministries and development programs.
The sellers, Brad and Lori White of Scottsdale, were represented by Tim Whipple of Hub Commercial.
“To me, the practice of Church Realty Solutions is both business and ministry and serves as a primary purpose for creating and delivering world-class professional real estate services to communities of faith,” said Smith.