The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from May 16 thru 20, 2016

RETAIL – 8200 W PEORIA AVENUE, PEORIA
A lease for 58,000-square-feet in Peoria Towne Center was recently signed with Thrifty Lots.  The property is located at 8200 W. Peoria Avenue in Peoria, Arizona.  The owner of the center is SLEA 512, LLC. Thrifty Lots is a large liquidation and outlet store that offers consumers up to 80% off retail prices. Jake Ertle of Rein & Grossoehme Commercial Real Estate represented Thrifty Lots in the transaction and both Jake Ertle and Steve Grossoehme represented the owner.

RETAIL – LAGUNA VILLAGE SEC RAY & KYRENE, CHANDLER
Natural Grocers leased 14,264-square-feet at Laguna Village at the SEC Ray Road and Kyrene Road in Chandler, AZ. Bryan Ledbetter with Zell Commercial represented the landlord in the transaction.

RETAIL- GREENWAY PROMENADE NWC GREENWAY & 59^TH AVE, GLENDALE
On Stage Dance Studio leased 6,180-square-feet in the Greenway Promenade at the NWC Greenway and 59^th Avenue in Glendale, AZ. Donna Reece with Zell Commercial represented the landlord in the transaction.

RETAIL- 7^TH STREET PLAZA, PHOENIX
Saffron JAK Pizzas leased 1,800-square-feet of space at 7^th Street Plaza at the NEC Union Hills Drive and 7^th Street in Phoenix, AZ. Donna Reece and Bryan Ledbetter with Zell Commercial represented the landlord.

RETAIL – THE SHOPPES AT CLEMENTE RANCH, CHANDLER
Totally Chi Reflexology, The Ultimate Relaxation Experience leased 1,400-square-feet at The Shoppes at Clemente Ranch located at the SWC Alma School and Germann Road in Chandler, AZ. Bryan Ledbetter and Dena Zell with Zell Commercial represented the landlord in the transaction.

RETAIL – CHANDLER HEIGHTS MARKETPLACE, CHANDLER
Big League Haircuts leased 1,200-square-feet at Chandler Heights Marketplace at the NWC Chandler Heights and Gilbert Road in Chandler. Bryan Ledbetter with Zell Commercial represented the landlord in the transaction.

RETAIL – LA MIRADA, NEC PINNACLE PEAK & PIMA, SCOTTSDALE
Goochie Goo Garbs leased 1,200-square-feet at La Mirada at the NEC Pinnacle Peak Road and Pima Road in Scottsdale, AZ. Bryan Ledbetter with Zell Commercial represented the landlord in the transaction.

RETAIL – NORTH CENTRAL PLAZA, AVONDALE
Magic Mart leased 1,200-square-feet in North Central Plaza at the SEC Central Avenue and Camino Estrella in Avondale, AZ. Donna Reece with Zell Commercial represented the landlord in the transaction.

PHOENIX – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Jack in the Box Ground Lease, a 2,850-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,119,400 ($393 PSF).

Jamie Medress, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a private investor, was secured and represented by Jamie Medress, Mark Ruble and Chris Lind.

Jack in the Box Ground Lease is located at 1125 N 51st Avenue in Phoenix, AZ.

Marcus & Millichap also handled the sale of Salad and Go – a 20 Yr. NNN Lease, and 677-square- foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1.3 million ($1,920 PSF).

Jamie Medress, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was secured and represented by Jamie Medress, Mark Ruble and Chris Lind.

Salad and Go – 20 Yr. NNN Lease is located at SE Corner of 99th Ave & W Lower Buckeye Rd in Phoenix, AZ.

PHOENIX – The Phoenix office of JLL has promoted five of its brokers to senior level positions. Brett Abramson, Keith Lammersen, Jason Moore and Charles Steele have been promoted from Vice President to Senior Vice President. Andrew Medley has been promoted from Vice President to Executive Vice President.

“Each of these individuals brings a unique skill set to our team,” said Senior Managing Director Dennis Desmond. “That diversity has helped build out the full-service vision of our Phoenix office. Their expertise as brokers and their ethical commitment to our clients that will keep that vision moving forward.”

Abramson joined JLL in 2010, specializing in the representation of institutional and entrepreneurial landlords, for both existing and ground-up office developments. At JLL, he has taken an active role in the lease-up campaigns for many prominent developments including The Offices on High Street (City North), Central Arts Plaza. The Esplanade and 101 North Central. He has consistently earned recognitions as a JLL Top Achiever.

Lammersen and Moore partner in the tenant representation group at JLL, responsible for corporate office solutions, site selection, lease renewals and negotiations. Since joining JLL in 2004 and 2010, respectively, Lammersen and Moore have served companies ranging from Silicon Valley Bank and Wageworks to Coventry Healthcare, SAP and Isola. Both have been recognized as JLL Top Achievers.

Steele is a member of JLL’s Capital Markets Group, focusing on multifamily investment sales and equity procurement through the Southwestern U.S. Since joining JLL in 2012, Steele has helped direct investment sale and equity raise efforts for projects ranging from $10 to more than $100 million in value. Across his career, he has participated in more than $1.2 billion in multifamily investment activity.

Medley joined JLL in 2008 as part of the tenant representation team. Over the past eight years he has established a strong footprint in the market, assisting tenants such as Isagenix, Orcutt Winslow, Bank of America/Merrill Lynch, IHC, 360 Cloud Solutions and Northern Trust in facility and site acquisition, strategic consulting and lease review and negotiations. He has earned JLL Top Gun status (top 10 percent of all JLL brokers) for the past two years.

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.