PHOENIX, ARIZONA (Dec. 23, 2024) – NAI Horizon facilitated a long-term retail lease at the Shops at Norterra, 2450 W. Happy Valley Road, in Phoenix.
NAI Horizon represented Modern Mods Norterra LLC in a new, 5,053 SF long-term lease totaling almost $940,000. Leading the NAI Horizon team in the transaction was Associate Brandon Hall. Other team members included Managing Director Lane Neville, Senior Associate Cole Neville, and Associates Whitney Heritage and Matt Westra.
“Our team had been working on the Modern Mod's requirement for a little over a year and we narrowed in on North Phoenix for their next regional retail location,” Hall said. “Only one suite at Norterra became available and though it was a bit bigger than their requirements, we were able to structure a plan to consolidate their office/training facilities under one roof alone. This along with their new retail piercing location allowed us to seize the opportunity to be at Norterra. It was great working with Heather and Bobby Moss and our team is thrilled to see how the space turned out.”
With locations at Arrowhead Town Centre in Glendale, Arizona, and Chandler Fashion Center in Chandler, Arizona, Modern Mods offers ear piercing and curation; facial and oral piercing; body piercing; and permanent jewelry.
The Shops at Norterra is a 354,000 SF lifestyle center featuring specialty retailers and junior anchors located in the rapidly expanding north Phoenix submarket known as the Black Canyon Corridor. The Shops at Norterra creates a village-like atmosphere with abundant pedestrian walkways.
Tenants include Harkins Theaters, Dick’s Sporting Goods, BevMo, Best Buy, Mellow Mushroom, Pita Jungle, and Panera Bread, to name a few.
The landlord, Yam Norterra, LLC, of Scottsdale was represented by Shane Stephens of Block 23 Commercial, LLC c/o RED Development.