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Forbes Refrigeration purchases property in Scottsdale

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Company plans growth in North Scottsdale location

PHOENIX  - Forbes Industries (Forbes Refrigeration) purchased a commercial condominium at 7291 E. Adobe Street #105 in Scottsdale to serve as its headquarters. The company purchased the property from the owner of Bell Union Auto Service and plans to grow its refrigeration business within the expanding North Scottsdale area.

“The seller of this property is a long-term client and decided it was time to retire and sell his business suite,” says Greg Hopley, executive vice president with Colliers in Arizona. “The asset suits the Forbes operation perfectly and enables the company to take over this move-in ready suite. Forbes Refrigeration will be able to start its operations immediately and take advantage of the incredible demographics in this dynamic area of Scottsdale.”

Hopley and Dillon Hopley of Colliers in Arizona represented SCSC Enterprises, LLC, the seller in the transaction. Nicole Forbes of DPR Commercial represented Forbes Industries in the acquisition. 

Forbes Industries paid $999,000 for the suite, which contains 2,713 square feet of space. The property is located within the Scottsdale Ridge Business Center, just off Scottsdale Road, north of the Loop 101 freeway. Configuration of the suite includes 80 percent warehouse space and the remaining 20 percent includes reception, office, kitchen and bathroom facilities. Forbes Refrigeration has taken occupancy of the property.

Forbes Refrigeration is a family owned and operated company that was founded five years ago. Donnie Forbes is a third generation specialist in commercial and residential HVAC & refrigeration. He owns the company with his wife, Nicole, who handles sales, marketing and administrative work for the operation. The Forbes  are high school sweethearts, having met at Chaparral High School in Scottsdale. The company plans to expand within the growing Scottsdale marketplace. Forbes Refrigeration helps local restaurants, bars, business owners and homeowners with all of their cooling needs. They also handle preventative maintenance on every form of HVAC unit big and small, coupled with extensive expertise in refrigeration such as ice machines, walk-ins, wine cellars and more. 
 
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.


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Greg Hopley

Executive Vice President

Scottsdale

 Greg Hopley is an executive vice president with the Scottsdale office of Colliers in Arizona and specializes in the sale and leasing of commercial properties. Greg's focus is commercial office, industrial, land and investment properties. He works on behalf of both landlords and tenants. He has been with Colliers for over 33 years, joining the company in 1988.

Based in the Scottsdale Airpark, Greg's geographic focus covers the metro Phoenix market, as well as assisting companies throughout the U.S. with their commercial real estate needs, as detailed below. 

His in-depth experience includes:

  • Acquisition of distressed commercial real estate
  • Commercial consultation
  • Landlord and tenant representation
  • REO and bank disposition of commercial properties
  • 1031 exchanges
  • Sale/leasebacks
  • Build-to-suits
  • Commercial land acquisition and development
  • Office and industrial commercial condos
  • Aviation hangar sales and leasing
  • Sales and leasing of commercial office, industrial, land and investment properties
  • Commercial property marketing and listing
  • Extensive experience in canvassing for prospective tenants, property marketing, advertising and direct mail campaigning on behalf of my clients

Greg's prior experience includes serving as vice president of marketing at Great Western Distribution, Inc., a $75 million Arizona distributing company. He was in charge of the Food Service Division at Great Western, sourcing and inventorying products for approximately 30 fast food restaurants. In this role, Greg worked exclusively with many national fortune 500 corporations, such as Beatrice, Kraft, Proctor & Gamble, Pepsico, Lamb Weston and Del Monte, to name a few. He was instrumental in administering nationwide transportation and distribution, marketing, advertising, purchasing and inventory control.

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Dillon Hopley

Senior Associate

Scottsdale

As an associate with Colliers, Dillon Hopley specializes in the sale and leasing of commercial properties, focusing on office, industrial, land and investments. He partners with Greg Hopley, executive vice president, in the Scottsdale office.

The team’s services include landlord and tenant representation, 1031 exchanges, sale/leasebacks, build-to-suits, land acquisition and development, office and industrial condos, aviation hangar sales and leasing, commercial property sales and leasing, and effective and targeted property marketing. Their geographic focus covers metro Phoenix and markets across the U.S.

Representing his clients’ best interests with the highest degree of professionalism, Dillon delivers results that meet their financial goals. Serving as their advocate, he carefully guides clients throughout the entire process of leasing, sales and acquisitions to achieve the best terms possible. Through detailed research and analysis of current market conditions and trends, Dillon assists clients in making strategic real estate decisions that align with their business objectives.

Dillon is committed to providing exceptional service. He is highly responsive, keep my clients fully informed, provide honest and constructive feedback, and value client satisfaction above all else. Clients and peers consider Dillon to be an asset, with traits that include a drive for success, loyalty, honesty, a diligent work ethic and strong leadership qualities.

He joined Colliers in Arizona as a research associate. In this role, Dillon assisted the research director in producing quarterly research reports for the Arizona market for each property discipline, including office, medical, retail, industrial, multifamily, land and investments. He provided in-depth market analysis, prepared demographic surveys, tracked market activity and compiled statistics in support of sales and marketing efforts. Dillon is well-versed in the use of Nexis, CoStar, MagnifyMaps, Hydra and REscour to produce deep dive extractions of substantive commercial real estate data.

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