This week’s Phoenix Lease Report highlights a 25-month industrial lease to Arizona Fashion Source, handled by Mark Wilcke and Dylan Whitwer of NAI Horizon and Justin Cirell with ROI Properties.

The following leases were reported to the Real Estate Daily News for Phoenix between December 7-11, 2020.

Mark Wilcke and Dylan Whitwer of NAI Horizon represented the landlord, ICC Tempe, LLC in a 25-month industrial lease for 13,940 SF at 2507 W. Erie Drive, Tempe, AZ. The tenant, Arizona Fashion Source, LLC was represented by Justin Cirell with ROI Properties.

Kevin Higgins, Lane Neville and Logan Crum of NAI Horizon represented the landlord, Crismon Superstition Development, LLC in a 120-month for 0.02 acres of land at 10153 E. Hampton Ave., Mesa, AZ. The tenant, Eco-Site II, LLC was self-represented.  

Mark Wilcke of NAI Horizon represented the tenant, The Camping Companies, Inc. & Art Asset Adjusters, LLC in a 60-month industrial lease for 6,960 SF at 616 S. Smith Road, Tempe, AZ. The landlord, Pegasus Investment Properties, Inc. was represented by Serena Wedlich and Evan Koplan with CBRE.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon of NAI Horizon represented the tenant, Wilkins Investments, LLC in a 125-month retail lease for 3,445 SF at 2639 E. Broadway Road, Mesa, AZ. The landlord, Lindsay Marketplace Inc. was self-represented.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the tenant, Laundry Republic, LLC in a 123-month retail lease for 2,541 SF at 3202 E. Greenway Road, Phoenix, AZ. The landlord, AP Capital Holdings LP was represented by Kalen Rickard with Western Retail Advisors.

Matt Harper, CCIM, of NAI Horizon represented the landlord, Sayan 26 Investment Group, LLC in a 26-month retail lease for 2,400 SF at 4323 W. Cactus Road, Glendale, AZ. The tenant, Mohammad Al-Taee was self-represented.

Joe Pequeno and Troy Giammarco of NAI Horizon represented the tenant, Laura Shantiece Jimmerson, Kenny Lindsey and Carmea Bass in a 39-month office lease for 2,133 SF at 4150 W. Peoria Avenue, Phoenix, AZ. The landlord, Tlaquepaque Office Plaza, Inc. was self-represented.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the landlord, BKM Black Canyon 103, LLC in a 63-month retail lease for 1,785 SF at 8024 N. 24^th Ave., Phoenix, AZ. The tenant, Pro Ink Studios, LTD was represented by Tina Larsen with Candid Realty.

Matt Harper, CCIM, of NAI Horizon represented the landlord, AJL Properties, LLC in a 132-month lease for 1,558 SF at 1619 N. Dysart Road, Avondale, AZ. The tenant, El Taco Santo, LLC was represented by Scott Johnson with MKJ Advisors.

Matt Harper, CCIM, of NAI Horizon represented the landlord, MUFG Union Bank NA as Successor Trustee of the Rebecca Munda Zimmerman Trust of 1990 in a 64-month retail lease for 1,559 SF at 13681 N. Litchfield Road, Surprise, AZ. The tenant, The Boyer Bakery, LLC was represented by Larry Kramer at Realty One Group.

Matt Harper, CCIM, of NAI Horizon represented the landlord, United Group, LLC in a 41-month retail lease for 1,525 SF at 727 W. Ray Road, Gilbert, AZ. The tenant, Adelene and Francisco Hidalgo was self-represented.  

Matt Harper, CCIM, of NAI Horizon represented the tenant, Puleo Fitness, Inc., in a 62-month retail lease for 1,487 SF at 4040 W. Ray Road, Chandler, AZ. The landlord, Mr. Shopdevoc, LLC was represented by Alan Zell with Zell Commercial.  

Matt Harper, CCIM, of NAI Horizon represented the landlord, Glenn & Sandra Miller Trust in a 64-month retail lease for 1,495 SF at 3061 W. Apache Trail, Apache Junction, AZ. The tenant, Pain is Beauty Tattoo Studio, Inc. was self-represented.

Jeff Adams of NAI Horizon represented the tenant, Thea Dish and Redstake Solutions, LLC in a 30.5-month retail lease for 1,456 SF at 3058 N. 16^th St., Phoenix, AZ. The landlord, Sandhu Properties, LLC was represented by Brian Vander Meulen with Keller Williams Arizona Realty.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the landlord, CP6GT, LLC in a 36-month retail lease for 1,200 SF at 5830 W. Thunderbird Road, Glendale, AZ. The tenant, JT/SG Enterprises, Inc. was self-represented.  

Matt Harper, CCIM, of NAI Horizon represented the landlord, Zhang Family Trust in a 60-month retail lease for 1,118 SF at 2850 N. 107^th Ave., Avondale, AZ. The tenant, VIP Kutz & Shave’s Barbershop, LLC was self-represented.

Matt Harper, CCIM, of NAI Horizon represented the landlord, 43^rd Avenue, LLC in a 63-month retail lease for 1,040 SF at 9250 N. 43^rd Ave., Glendale, AZ. The tenant, Michael Sanchez was represented by Adam Lam with Sperry Commercial.

Joe Pequeno and Troy Giammarco of NAI Horizon represented the landlord, Initech Holdings, LLC in a 38-month office lease for 1,008 SF at 1480 E. Bethany Home Road, Phoenix, AZ.

The tenant, On the Run Legal Solutions was represented by Scott Isacksen with Cushman & Wakefield. Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the landlord, Bell-51^st, LLC in a 60-month retail lease for 1,000 SF at 4961 W. Bell Road, Glendale, AZ. The tenant, Stela Tech, Inc. was represented by Paul Blum with West USA Commercial Division.

Joe Pequeno and Troy Giammarco of NAI Horizon represented the tenant, Patrick Minnis, LLC in a 60-month office lease for 998 SF at 1208 E. Broadway Road, Tempe, AZ. The landlord, Broadway Plaza, LLC was represented by Lynda Bettini with Birtcher Arizona, LLC.

Submit sales and leases to [email protected]

Mesa, Arizona – Velocity Retail Group’s Dave Cheatham, Darren Pitts, and Morgan Danhoff represented California Fish Grill in a 3,183-square-foot location at Mesa Grand, located at the southeast corner of the U.S. 60 Freeway and Stapley Drive in Mesa. The Landlord is Mesa Grand/Spectrum, LLC, an entity controlled by DSW Commercial Real Estate of Tucson, AZ.

California Fish Grill currently has 38 locations throughout Southern California; this is the company’s first location for Arizona.  “Twenty-two years ago, California Fish Grill was created to offer craveable and affordable seafood to our loyal customers and their families.  We are consistently the favorite local seafood house in each of the communities we serve.  We are excited to offer that same access in the Valley of the Sun,” said Bob Holden, California Fish Grill President/CEO.

CFG takes enormous pride in serving high-quality, sustainably sourced seafood at an affordable price.  The menu is full of great tasting seafood options with unique flavors and a friendly, welcoming atmosphere.  Customers can savor the open kitchen where vegetables and herbs are chopped, fish is hand battered and meals are cooked on CFG’s signature flame grill.

“California Fish Grill is an exceptional concept and restaurant operator that is in a category currently underserved in the state. We are excited to bring this distinctive brand to the Valley and have several more locations in the works,” said Dave Cheatham, President of Velocity Retail Group.

Find the new Mesa location at  1855 S. Stapley Drive, #101, Mesa, AZ  85204

Velocity Retail Group is known for representing new and emerging brands on their initial market roll-outs. California Fish Grill is just one example of these brands that will soon become household names.

California Fish Grill is headquartered in Irvine, CA. In addition to the new Mesa location, they currently operate 36 locations in California and 1 in Las Vegas, NV. Pledged to have respect for the ocean, CFG promises that their seafood can be enjoyed for years to come by partnering with reputable fisheries that provide the highest quality wild-caught and responsibly farm-raised fish. For more information, visit: www.cafishgrill.com.

TUCSON, Ariz. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Palomino Mobile Home Park and Open Sky Mobile Home Park, both located in Tucson, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the assets sold for $1.3 million and $1.1 million, respectively, and an aggregate of $2.4 million.

“After owning these parks for 20 years, the seller accepted our buyer’s offer to sell his final two parks in his portfolio,” said Michael Escobedo, an investment specialist in Marcus & Millichap’s Phoenix office. The seller plans to move out of the country with the proceeds to enjoy retirement.

“The buyer, a limited liability company, has a major Tucson-based operation so his management team will oversee the new park,” explained Escobedo, who procured the buyer in this transaction. The buyer recently purchased the neighboring park where he is rebuilding from the ground up and plans to do the same with these two newly acquired parks. “He plans to remove all the old homes, bring in all new inventory and spruce up the existing amenities. The rents will remain competitive and new affordable housing will be created,” Escobedo added.

Palomino MHP is located at 3535 East Alvord Road and Open Sky MHP is located at 3626 East Drexel Road in Tucson, Arizona. Palomino MHP, built in 1962, has 61 spaces (sold at $21,311 per pad) and was 51% occupied at the time of sale. Open Sky MHP, built in 1972, has 43 spaces (sold at $25,581 per pad) and was 75% occupied at the time of sale.

Fore more information, contact Escobedo at 602.687.6680.

To learn more, see RED Comp #8223.