PHOENIX, ARIZONA – Long-term leases for three restaurants, a fitness gym, and a barber shop highlight recent deals closed by NAI Horizon professionals. The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon negotiated the five transactions.

Lease Transactions:

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Planet Fitness, in a 132-month retail lease for 15,750 SF at 7620 W. Lower Buckeye Rd., Phoenix, AZ. Tim Westfall with Newmark Grubb Knight Frank represented the landlord, HH-Estrella, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Firehouse Subs, in a 120-month retail lease for 1,800 SF at 5122 N. Dysart Rd., Litchfield Park, AZ. Robert Deaton with Deaton Realty Services represented the landlord, 545657, Inc.

Matt Harper represented the landlord, Hope Thunderbird Investments, LLC, in a 120-month retail lease for 2,000 SF at 5149-5151 W. Thunderbird Rd., Glendale, AZ. Chuck Gibson with SRS represented the tenant, Walgreen Arizona Drug Co.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Tacos Tijuana, in a 60-month retail lease for 1,500 SF at 1754 S. Greenfield Rd., Mesa, AZ. Larry Brown with Diversified Partners represented the landlord, Alpha IV Partners, LLC.

Tyler Smith represented the landlord, Sun Grove Medical, LLC, in a 64-month medical office lease for 1,798 SF at 20542 N. Lake Pleasant Rd., Peoria, AZ. Kevin Harper with Arizona Healthcare Realty represented the tenant, Karibu Family Care, PLLC.

Matt Harper represented the landlord, LASA Realty, LLC, in a 60-month retail lease for 100 SF at 7448 W. Glendale Ave., Glendale, AZ. Denise Myers with JLL represented the tenant, Bank of America, National Association.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Anthony Leparulo Separate Property Trust, in a 60-month retail lease for 1,028 SF at 780 W. Elliot Rd., Tempe, AZ. Chassity Andrews with Realty One Group represented the tenant, The Cut Barbershop, LLC.

Matt Harper represented the tenant, Tao Fellowship, in a 36-month retail lease for 1,470 SF at 1840 W. Chandler Blvd., Chandler, AZ. Matthew Ault with Kidder Mathews represented the landlord, GCCFC 2006-GG7 West Chandler Boulevard, LLC.

Matt Harper represented the landlord, Sayan 26 Investment Group, LLC, in a 12 mo. retail lease for 6,960 SF at 4323 W. Cactus Road, Glendale, AZ.

Matt Harper represented both the landlord, Elmo Tari Trust, and the tenant, Stepping Stone Adult Development Center, LLC, in a 27-month retail lease for 4,277 SF at 12235 N. Cave Creek Rd., Phoenix, AZ.

Jeff Adams represented the landlord, Goodsell Properties, LLC, in a 38-month office lease for 888 SF at 2033 E. Warner Rd., Tempe, AZ. Matt Bustamante with Realty One Group represented the tenant, 1^st Insurance Group.

Matt Harper represented the landlord, Hillcrest Plaza, LLC, in a 62-month retail lease for 940 SF at 1241 E. Broadway Rd., Mesa, AZ.

PHOENIX, ARIZONA – NAI Horizon negotiated a long-term lease on behalf of the landlord for tire sales and service retailer Tire Works at Queen Creek Fiesta in Queen Creek, Arizona.

The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC of Scottsdale, Arizona, in the transaction totaling $2.9 million.

“This was a great company to work with,” Gerow said. “This location is between AAMCO and Brake Masters and should be a top-performing store for many years.”

Tire Works will occupy a 5,400 SF pad at Queen Creek Fiesta, 21545 S. Ellsworth Loop Rd., in Queen Creek. Queen Creek Fiesta is anchored by a Planet Fitness. Other tenants scheduled to open include Five Guys, Hand and Stone, and ATI Physical Therapy.

The tenant, GB Auto Services, Inc., of Tucson, Arizona, was represented by Courtney Auther and Cameron Warren of Phoenix Commercial Advisors.

PHOENIX, Arizona – CBRE completed the sale of a two-property portfolio leased to Goodwill, located at 8053 East Raintree Dr. in Scottsdale, Ariz. and 4570 South Higley Rd. in Gilbert, Ariz. The properties sold for $10.2 million and $5.8 million, respectively.

Joseph R. Compagno with CBRE’s Phoenix office represented the seller, Ariz.-based, The Mack Company. Tom Kolb of Keller Williams Northeast Realty represented the buyer, Calif.-based Cahuenga Lofts, LLC.

“We were able to source a high net-worth Los Angeles-based buyer who had immediate interest in this two-property portfolio given the well-known tenant and excellent locations in both Scottsdale and Gilbert,” said CBRE’s Compagno. “The buyer had a very large 1031 exchange requirement that they needed to satisfy with this purchase. They ultimately closed on the portfolio in an all cash deal in less than 25 days.”

The approximately 25,000-square-foot freestanding Scottsdale Goodwill is located on the southeast corner of north Hayden Road and east Raintree Drive in the busy Scottsdale Airpark. The Airpark encompasses approximately 8.6 square miles with over 2 million square feet of commercial space. This location is less than three miles from the main entrance of the Scottsdale Airport.

The Gilbert Goodwill occupies a nearly 22,500-square-foot freestanding building located within the Higley Pavilion Shopping Center on south Higley Road north of east Queen Creek Road. The property is located within several large, densely populated master-planned communities including Power Ranch and Trilogy at Power Ranch and is less than 6 miles from the Phoenix-Mesa Gateway Airport.