Phoenix Lease Report December 21-31, 2015

Phoenix skyline 450x250 LEASE REPORTThe following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 21 thru 31, 2015.

INDUSTRIAL – 1140 W. WARNER RD., TEMPE
Hybrid Design Associates and Surface Mount Company (HDA SMC), an engineering and manufacturing firm of sophisticated electronic components, signed a 10-year lease for 40,344 SF at Warner Crossing, 1140 W. Warner Rd., Tempe. The lease commences in Q2 2016.  Lee & Associates Principal Rick Lee and Associate Conner Lee negotiated on behalf of the landlord, Trinet Essential Facilities XXVI, San Francisco, CA. Lance Ross of Ross Property Advisors, Scottsdale represented the tenant. HDA SMC is relocating from their current location at 230 S. Siesta Ln., Tempe.  Warner Crossing consists of several fl ex and back office buildings and is located east of Priest Dr. at Warner Rd. It is also close to Interstate 10 and Phoenix Sky Harbor International Airport.

OFFICE – 1050 W WASHINGTON STREET, STE 100, TEMPE
Maricopa County Community College leased17,500-square-feet of space at 1050 W. Washington Street, Suite 100, in Tempe from Sunstate. The space will provide conference, training and meeting rooms for on-site workforce programs and classes. Kathy Foster, senior vice president; and Todd Noel, executive vice president; both of Colliers International, represented the Maricopa County Community College District in the transaction. Mike Garlick with Newmark Grubb Knight Frank represented the landlord, Sunstate.

“Colliers was awarded an RFP last year by Maricopa County Community College District (MCCCD) and we were lucky enough to be one of the first divisions of MCCCD to use them in locating a new facility. The experience has been excellent and the support and services we have been provided by Colliers and their team is beyond what we expected,” says Sidney Dietz, director of business services for Maricopa Corporate College. The office space is near light rail with convenient access to Loop 202. “This location will be critical in accomplishing the goals of the Maricopa Corporate College,” said Foster.  The Maricopa Corporate College works with companies to develop and deliver customized workforce solutions and education for employees in virtually every industry sector. Through a strategic business partnership model, Maricopa Corporate College assesses workforce needs and delivers customized and integrated solutions to meet those needs throughout all levels of an organization.




Tucson Lease Report December 7 – 11, 2015

Tucson courthouse Lease ReportThe following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from December 7 thru 11, 2015.

OFFICE – 1671 W. GRANT RD., TUCSON
Hope, Inc. has leased 6,950-square-feet of office space at 1671 W. Grant Road from Sunbelt, LLC. The transaction was conducted by CBRE’s Tucson office. The landlord was represented by Bruce Suppes, Tim Healy and Bob DeLaney. The tenant was represented by Buzz Isaacson and Jeff Casper. [mepr-show rules=”58038″]Tenant Phone: 520.770.9909[/mepr-show]

INDUSTRIAL – 3755 E. 34th STREET, TUCSON
Cactus Bowling Co (dba Vantage Bowling) has leased 3,500-square-feet of industrial space at 3755 E. 34th Street from Rodgers Investment Fund Two. The tenant was represented by Pete Villaescusa and Jesse Peron with CBRE’s Tucson office. The landlord was represented by Brandon Rodgers with Cushman & Wakefield | Picor Commercial Real Estate. [mepr-show rules=”58038″]Asking lease rate: $0.60 – $0.65 SF/MO Modified Gross; Tenant Phone: 520.327.6516[/mepr-show]

INDUSTRIAL – 3280 E. HEMISPHERE LOOP, TUCSON
Rayem, Inc. has leased 2,924-square-feet of industrial space at 3280 Hemisphere Loop, Suite 184 from Tucson Property Investors. The landlord was represented by Tim Healy and Bob DeLaney with CBRE’s Tucson office. The tenant was represented by John Yarborough with Romano Real Estate. [mepr-show rules=”58038″]Asking lease rate: $0.53 – $0.65 SF/MO NNN; Tenant Phone: 520.207.2456[/mepr-show]

RETAIL – 7330 N. ORACLE RD., TUCSON
Peoples Mortgage has leased 2,651-square-feet of retail space at 7330 N. Oracle Road, Suite 200 from Title Security Agency, LLC. The transaction was conducted by CBRE’s Tucson office. The landlord was represented by David Montijo and Damian Wilkinson. The tenant was represented by Bruce Suppes. [mepr-show rules=”58038″]Tenant Phone: 520.327.7600[/mepr-show]

RETAIL – 7892 N. ORACLE RD., TUCSON
Lucky Cat Social Art, LLC has leased 1,250-square-feet of retail space at the Plaza Escondida Shopping Center located at 7892 N. Oracle Road. The landlord was represented by Pete Villaescusa and Jesse Peron with CBRE’s Tucson office. The tenant was represented by Kevin Volk with Volk Co.

OFFICE – 4750 N. ORACLE RD., TUCSON
Title Security Agency, LLC. (dba Signature Title Agency) has leased 1,246-square-feet of office space at 4750 N. Oracle Road, Suite 115 from Oracle Office Park Associates, LLC. The transaction was conducted by CBRE’s Tucson office. The tenant was represented by David Montijo and Damian Wilkinson. The landlord was represented by Buzz Isaacson and Jeff Casper. [mepr-show rules=”58038″]Tenant Phone: 520.907.8296[/mepr-show]

RETAIL – 245 S. WILMOT RD., TUCSON
OSN Tucson LLC, dba One Stop Nutrition leased 1,202-square-feet at 245 Marketplace, Tucson. 245 Marketplace is a new retail strip center at 245 South Wilmot Road, just south of the planned Corner Bakery. Rick Borane with the Volk Company in Tucson represented the landlord, ATT 245 Marketplace, LLC. [mepr-show rules=”58038″]Asking lease rate: $25.00 SF/YR NNN[/mepr-show]

OFFICE – 2221 E. BROADWAY BLVD., TUCSON
Eric Avdee has leased 520-square-feet of office space at 2221 E. Broadway Blvd, Suite 203 from New Deke, LLC. The landlord was represented by Damian Wilkinson with CBRE’s Tucson office. The tenant was represented by Kevin Volk with Volk Co. Asking lease rate: $10.00 SF/YR Full Service




Phoenix Lease Report December 7 – 11, 2015

Phoenix skyline 450x250 LEASE REPORTThe following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 7 thru 11, 2015.

RETAIL – NEC 39th AVE. & PINNACLE PRAK RD., PHOENIX
Velocity Retail Group’s Andy Kroot represented Goodwill of Central Arizona in the lease of a space at the northeast corner of 39th Ave. and Pinnacle Peak Rd. in north Phoenix. The 42,504-square-foot full retail store will replace the former Safeway. Kimco Realty Corporation is the landlord in the 10-year agreement.

RETAIL – SWC 99th AVE. & CAMELBACK RD., PHOENIX
Andy Kroot also represented Goodwill of Central Arizona in the lease of a 22,065-square-foot space at the southwest corner of 99th Ave. and Camelback Rd. Alan Zell of ZELL Commercial Real Estate Services Inc. represented the landlord, Newbrush Properties, LLC, in the 15-year transaction. Located in Colombia Plaza Shopping Center, the full retail store will also contain a drive thru for donation drop off.

RETAIL – 2625 E. GREENWAY PKWY., PHOENIX
John Jackson and Larry Miller of Velocity Retail Group represented AEGON in the lease of their 8,008-square-foot space to E Institute in the Greenway Crossing shopping center.  Located on Greenway Road just east of Cave Creek Road, the new location is opened in November and has a lease term of 5 years.

RETAIL – CHANDLER HEIGHTS VILLAGE, PHOENIX, AZ
John Jackson and Larry Miller represented The Sherwin-Williams Company in the lease of a 4,000 square foot space in Chandler Heights Village. The landlord in the transaction was CPG Chandler Heights & Higley Retail, LLC, an entity of Camelback Realty Group’s Aaron Klusman. The new pad is located at the northwest corner of Chandler Heights Rd. and Higley Rd. With this 10-year agreement, Sherwin-Williams joins Dunkin’ Donuts in this to-be-constructed pad building in Gilbert, Arizona.

RETAIL – 4231 E. THOMAS RD., PHOENIX
John Jackson and Larry Miller again represented The Sherwin-Williams Company in the leasing 3,932-square-feet of space at 4231 E. Thomas Rd. in Central Phoenix. Christiansen Properties is the landlord in the 10 year agreement. Their newest store opened December 1st of this year.

RETAIL – NEC CHAUNCEY LN., & SCOTTSDALE RD., SCOTTSDALE
Velocity Retail Group’s Darren Pitts and Michael Clark represented Mattress Firm in the lease of a 3,850-square-foot space at the northeast corner of Chauncey Ln. and Scottsdale Rd in north Scottsdale. The landlord in the lease is BCB Group Investments, LLC. This is a 10-year deal which is set to open in the third quarter of 2016.

RETAIL – SEC RITTENHOUSE RD & ELLSWORTH LOOP, QUEEN CREEK
Mattress Firm also leased space in Queen Creek. The team of Darren Pitts and Michael Clark also paired up to represent Mattress Firm in the lease of a 3,800-square-foot space at the southeast corner of Rittenhouse Rd. and Ellsworth Loop Rd. in Queen Creek. The new store is set to open in the 2nd quarter of 2016. Phoenix Commercial Advisor’s Zach Pace represented the landlord, Thompson Thrift, in the 10-year lease agreement.

RETAIL – SWC McDOWELL & LITCHFIELD RD., PHOENIX
Dave Cheatham at Velocity Retail Group, represented Carter’s Retail, Inc. in the 10-year lease of a 3,792-square-foot space at Palm Valley Pavilions at the southwest corner of McDowell and Litchfield Roads.  Carter’s, which is based out of Atlanta, plans to have its 10th valley location open in the 2nd quarter of 2016. Alan Houston and Brian Polachek of SRS Real Estate represented the landlord, PV PW Corp.

RETAIL – SEC UNIVERSITY & DOBSON RD., MESA
Velocity’s Brian Gast represented Circle K in a two-parcel assemblage on the southeast corner of University and Dobson Road in Mesa.  The purchase the parcels total approximately 36,111-square-feet of land with a 3,348-square-foot building.  The Sellers were Ervan C. Rokey and Ione O. Rokey Family Revocable Living Trust and E&B Investments, LLC. The sellers were represented by Mark Tomich of Sun State Realty. The new Circle K is set to open January 15, 2016.

RETAIL – NE CORNER of BETHANY HOME RD., & 35th AVE., PHOENIX
The trio of Michael Clark, Larry Miller, and John Jackson represent PDG Shopping Centers America, LLC, a subsidiary of Northstar Realty Finance, in the lease of a 2,120-square-foot space to Metro PCS. The new site located at Bethany Towne Center on the northeast corner of Bethany Home Rd. and 35th Ave. is set to open in February of 2016. This will be Metro PCS’s first corporate-owned store and will serve as the flagship Metro PCS in the Phoenix market. Sean Bishop of Middlefork Commercial represented the tenant in the 5-year deal.

RETAIL – SEC WILLIAMS FIELD RD. & GILBERT RD., GILBERT
Brian Gast and Nick Ault represented Andrew Simon of Simon Chiropractic Center in the lease of a 1,300-square-foot facility east of the southeast corner of Williams Field Rd. and Gilbert Rd. in Gilbert, Arizona. The landlord in the 5-year deal is Gilbert Fiesta II Lots 2&3, LLC, which was represented by LevRose Commercial Real Estate’s Greg Vanlerberghe. The new location is scheduled to open in December of this year.

RETAIL – NWC ANTHEM WAY & VENTURE RD., ANTHEM
Larry Miller and John Jackson of Velocity Retail Group represented Anthem IAG, LLC in the lease of a 1,211-square-foot space to Mijo’s Mexican Kitchen. Located at the northwest corner of Anthem Way and Venture Dr., the store opening on the 1st of the New Year will be Mijo’s first location in the market. Tom Kolb with Keller Williams Commercial represented the tenant in the 5-year transaction.