Phoenix Lease Report Week of October 5-9, 2015

The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of October 5 thru 9, 2015.

RETAIL – NE CORNER of 7th AVE and BELL ROAD, PHOENIX
Andy Kroot of Velocity Retail represented Goodwill of Central Arizona in the lease of a 24,512-square-foot space in the former Staples at the northeast corner of 7th Ave and Bell Rd. Zach Pace of Phoenix Commercial Advisors represented the landlord, New Commercentre, LLC.

RETAIL – SE CORNER of 67th AVE. and PEORIA, PHOENIX
Beall’s Outlet will soon open a new location in Peoria, Arizona. The 23,600-square-foot space is located in Westporte Village at the southeast corner of 67th Avenue and Peoria, Velocity Retail Group’s Michael Clark, Larry Miller, and John Jackson teamed up to finalize a ten-year lease on behalf of NorthStar Realty Finance.  Tim Westfall and Joe Doucett of Newmark Grubb Knight Frank represented the Tenant.   The store is projected to open in March of 2016.

RETAIL – SW CORNER of CACTUS RD. and TATUM BLVD., PHOENIX
Dave Cheatham, Michael Clark and John Jackson teamed up in representing Hobby Lobby in a sub-lease of 16,000-square-foot of excess space to Tuesday Morning.  The store, which is located on the southwest corner of Cactus Road and Tatum Boulevard, has a projected opening early in 2016. Tom Woods from Colliers International represented Tuesday Morning in the lease.

RETAIL – 2000 E. RIO SALADO PKWY., TEMPE
Velocity Retail’s Nick Ault represented Active Ride Shop in the lease of a 4,417-square-foot space at Tempe Marketplace in Northeast Tempe. The landlord is Vestar Development. This is Active Ride Shop’s first store outside of California and is set to open in the final quarter of 2015. They are looking to open more locations throughout the state.

RETAIL – 2625 E. GREENWAY PKWY., PHOENIX
John Jackson and Larry Miller of Velocity Retail Group represented AEGON in the lease of their 3,452-square-foot space to Express Urgent Care in the Greenway Crossing shopping center. Located on Greenway Road just east of Cave Creek Road, the new location is set to open the 1st of October. Bret Isbell of GPE represented Express Urgent Care in the 10 year deal.

RETAIL – NW CORNER of BELL RD., and 16th ST., PHOENIX
Andy Kroot of Velocity Retail Group represented Carl Entertainment Partners Corporation in the lease of a 17,855 square foot indoor and 2,700-square-foot patio space on the northwest corner of Bell Road and 16th Street. The landlord for the 10 year deal is Howie Land, LLC. Plans for the building and parcel are will be released at a future date.

RETAIL – 16965 N. 77th AVE., PEORIA
The Velocity team of Dave Cheatham and Darren Pitts represented Wadsworth Jordan Crossing, LLC, an entity of Wadsworth Development Group, in the lease of a 2,500-square-foot space to Noodles & Company. The store is located at Arrowhead Crossing on the southwest corner of Bell Road and 75th Avenue.  This new location is the first in this trade area, and only their second in the Phoenix metro; the first being located at Tempe Marketplace. Daniel Ortega of Colliers International represented Noodles & Company in the 10-year deal. Wadsworth Development Group estimates an opening date of February 24th, 2016.

RETAIL – NW CORNER of RAINTREE and 101 LOOP, SCOTTSDALE
Digitell Cellular entered into a lease agreement with Mammoth Rock, LLC of a 2,190-square-foot space at the northwest corner of Raintree and Loop 101 in Scottsdale. Velocity Retails’ Michael Clark represented the landlord in the 5-year deal. The new store is set to open in the 4th quarter of this year.

RETAIL – NW CORNER of BETHANY HOME RD. and 35th AVE., PHOENIX
The team of Larry Miller and John Jackson represented Alan Anderson of A.A. Properties, LLC in the lease of 1,760-square-feet of space to Justin Crain, a State Farm agent. The new office is located north of the northwest corner of Bethany Home Road and 35th Avenue in Anderson Plaza. Dave Aronson of SRL Commercial represented the tenant in the 5-year lease.

RETAIL – 2625 E. GREENWAY PKWY., PHOENIX
Velocity Retail’s Larry Miller and John Jackson teamed up in the renewal of two more leases in the Greenway Crossing shopping center while representing the Landlord, AEGON. State Farm renewed their lease of a 1,562-square-foot space for 5 years. The second renewal came from Big Buddha, a Chinese restaurant, for its 1,467-square-foot space for another 5 years.

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Phoenix Lease Report September 28 – October 2, 2015

Phoenix Lease Report
Phoenix Lease Report

The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of September 28 thru October 2, 2015.

OFFICE – 5651 W. TALAVI BLVD. & 16680 N. 51st AVE., PHOENIX
Redflex Traffic Systems leased approximately 35,760-square-feet in two buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ for relocation from its current location at 23rd Avenue and Pinnacle Peak Road. Senior Directors Blaine Black, Sam Murik and Don Rodie and Associate Robb Vallier with Cushman & Wakefield represented Redflex in the lease negotiations. Ashley Brooks of CBRE represented Los Angeles-based Regent Properties, owner of Talavi Corporate Center. Redflex also leased approximately 14,000-square feet at 51 Bells. The company will take occupancy of its new spaces in December. “This was an opportunity for Redflex to rid itself of wasted space, gain efficiencies, and relocate to an area full of amenities for its employees,” Mr. Black said. Redflex Traffic Systems develops and manufactures a wide range of digital photo enforcement solutions including red light camera, speed camera, and school-bus-stop arm camera systems. Mark Linsalata of Lee & Associates Arizona represented Arizona-based 51 Bells Limited Partnership.

RETAIL – 3611 E. INDIAN SCHOOL RD., PHOENIX
A retail lease for 8,325-square-feet at Gaslight Square at 36th St & Indian School in Phoenix, AZ to Dennis Uniforms was recently consummated. The owner of the center is Gaslight Square Retail, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and Blaine Black of Cushman Wakefield the Tenant on this transaction.

RETAIL – 15505-15507 N. SCOTTSDALE RD, SCOTTSDALE
A lease for 4,549-square-feet in Zocallo Plaza was recently signed with Classy Closets.  The property is located at 15505-15507 N. Scottsdale Road in Scottsdale, AZ.  The owner of the center is Enright Zocallo LP. Jake Ertle of Rein & Grossoehme represented the owner and Grafton Milne of Menlo Group represented the tenant.

RETAIL – 15551 N. GREENWAY-HAYDEN LOOP, PHOENIX
A lease for 3,200-square-feet in The District at the Airpark Center was recently signed with Sun Mountain Door.  The property is located at 15551 N. Greenway-Hayden Loop in Scottsdale, AZ.  The owner of the center is K2H Airpark Design, LLC. Steve Grossoehme and Jake Ertle of Rein & Grossoehme represented the owner and Adrienne Bryant of Bryant Commercial represented the tenant.

RETAIL – 15505-15507 N. SCOTTSDALE RD, SCOTTSDALE
A lease for 3,150-square-feet in Zocallo Plaza was recently signed with Sunset Spas.  The property is located at 15505-15507 N Scottsdale Road in Scottsdale, Arizona.  The owner of the center is Enright Zocallo LP. Jake Ertle of Rein & Grossoehme represented both the owner and the tenant.

RETAIL – 4731 E. UNION HILLS, PHOENIX
A lease for 2,499-square-feet at 4731 East Union Hills in Phoenix was recently completed between Dr. Bukhari and La Piazza Center, LLC. Jake Ertle and Jim Edwards of Rein & Grossoehme represented the landlord and Jennifer Eggert and Dena Zell of Zell Commercial represented the Tenant.

RETAIL – 4902 E. THOMAS RD., PHOENIX
A retail lease for 1,425-square-feet at 40 Palms Arcadia at 40th St & Thomas in Phoenix, AZ to The Weave Bar of ATL was recently consummated. The owner of the center is Arcadia Village Shops, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.

RETAIL – 125th AVE & THUNDERBIRD, EL MIRAGE
A retail lease for 1,269-square-feet at West Thunderbird Plaza at 125th Ave & Thunderbird in El Mirage, AZ to RC Heaven Hobby Shop was recently consummated. The owner of the center is Max Taylor & Company, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.




Tucson Lease Report September 28 – October 2, 2015

Real Estate Daily News
Tucson Lease Report

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from September 28 thru October 2, 2015.

INDUSTRIAL – 2201 E. MEDINA RD., TUCSON
Ferguson Enterprises has renewed their lease of 86,000-square-feet of warehouse space at 2201 E. Medina Road in Medina Business Park from US REIF Tucson Commerce Center. The tenant was self-represented. The landlord was represented by Bill Divito and Jesse Blum with CBRE’s Tucson office.

INDUSTRIAL – 4021 E. COLUMBIA ST., TUCSON
Omega Tool & Mold, LLC leased 9,000-square-feet at 4021 E. Columbia St., Suite 101 in Tucson from Dybvig White Mountains, LLC.  Rob Glaser, SIOR, CCIM, and Brandon Rodgers, CCIM, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Robert Herd with Keller Williams Southern Arizona, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.807.7737[/mepr-show]

INDUSTRIAL – 3951 E. MICHIGAN, TUCSON
Orion Trading Corp has leased 8,370-square-feet of warehouse space at 3951 E. Michigan Suite 168 from Copper Pointe Business Park. Gordon Wagner of Coldwell Banker Commercial represented the tenant. The landlord was represented by Tim Healy and Bob DeLaney, also with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking lease rate: $0.50 SF/MO NNN; Tenant Phone: 520.622.6588[/mepr-show]

INDUSTRIAL – 2550 DRAGOON ST., TUCSON
Tucson Tamale Wholesale Co. has leased 7,875-square-feet of warehouse space at 2550 Dragoon Street at Center Pointe Commerce Center from Dragoon Business Center Partnership. The tenant was represented by Paul Rosado. The landlord was represented by Tim Healy and Bob DeLaney with CBRE’s Tucson office. [mepr-show rules=”58038″]Tenant Phone: 520.305.4760[/mepr-show]

OFFICE – 6400 E. GRANT RD., TUCSON
Capital Connect, Inc. has leased 6,007-square-feet of office space at Courtyard Center located at 6400 E. Grant Road. The landlord, La Mirada, LLC, was represented by Rick Kleiner with Picor Commercial. The tenant was represented by Dave Montijo and Damian Wilkinson with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Full Service; Tenant Phone: 520.209.2525[/mepr-show]

INDUSTRIAL – 9367 E. OLD VAIL ROAD, TUCSON
Sunland Home, LLC has renewed their lease for 5,824-square-feet of warehouse space at 9367 E. Old Vail Road from SUMAC LLC. The tenant was represented by Frank Mercier. The landlord was represented by Tim Healy and Bob DeLaney with CBRE’s Tucson office. [mepr-show rules=”58038″]Tenant Phone: 520.885.4400[/mepr-show]

INDUSTRIAL – 3631 E. FARNUM PL., TUCSON
Energy Transport Logistics leased 5,760-square-feet at 3631 E. Farnum Pl. in Tucson from RLR Investments, LLC.   Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant and David Gallaher with Tucson Industrial Realty, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.775.1263[/mepr-show]

OFFICE – 721 N 4th AVE., TUCSON
Amity Foundation has leased 5,663-square-feet of office space at 721 N 4th Avenue from Barrio Holdings, LLC. The tenant was represented by Bob Benedon with Centra Realty, LLC. Buzz Isaacson and Jeff Casper of CBRE’s Tucson office represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.989.3007[/mepr-show]

OFFICE – 721 N 4th AVE., TUCSON
Haiku Learning Systems has leased 3,848-square-feet of office space at 721 N 4th Avenue from Barrio Holdings, LLC. The tenant was self-represented. Buzz Isaacson and Jeff Casper of CBRE’s Tucson office represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 574.538.2352[/mepr-show]

RETAIL – 6228 E. BROADWAY BLVD., TUCSON
Oasis Foods, LLC has signed a 3,300-square-foot lease of a yet-to-be-built retail space at Wilmot Plaza. The local company will open a Costa Vida–Fresh Mexican Grill franchise at the northeast corner of Broadway Boulevard and Wilmot Road. The landlord, BP Wilmot Plaza, LLC, was self-represented. The tenant was represented by Michael Laatsch and Nancy McClure with CBRE.

OFFICE – 2404 E. RIVER RD., TUCSON
Arianna Scholes-Douglas MD has subleased 3,821-square-feet of office space at 2404 E River Road from TMC Holding, Inc. The sub-landlord was represented Rick Kleiner and Tom Knox with Picor Commercial Real Estate Services. The tenant was represented by Michael Laatsch and Bruce Suppes with CBRE’s Tucson office. [mepr-show rules=”58038″]Tenant Phone: 520.795.8188[/mepr-show]

OFFICE – 406 S. 4th AVE., TUCSON
Sky Island Alliance has leased 3,060-square-feet of office space at 406 S 4th Ave from 406 4th Avenue, LLC. The landlord was represented by Ian Stuart and Bruce Suppes with CBRE’s Tucson office. [mepr-show rules=”58038″]Tenant Phone: 520.624.7080[/mepr-show]

OFFICE – 2570 S. 4ht AVE., TUCSON
Creative Networks, LLC has leased 3,000-square-feet of office space at 2570 S 4th Avenue from Madera Associates Group, LLC. The landlord was represented by Melissa Lal and Andy Seleznov with Larsen Baker. The tenant was represented by Jeff Casper with CBRE. [mepr-show rules=”58038″]Tenant Phone: 520.884.1651[/mepr-show]

RETAIL – 1841 and 1845 S. CRAYCROFT RD., TUCSON
WirelessPCS, LLC has leased 2,200-square-feet of retail space at 1841 and 1845 S. Craycroft Road from Ashraf Shiha. The tenant was self-represented. Michael Laatsch with CBRE’s Tucson office represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.232.3742[/mepr-show]

OFFICE – 5656 E. GRANT RD., TUCSON
Crisis Response Network has leased 1,935-square-feet of office space at 5656 E. Grant Road from Fifty-Six Fifty-Six, LLC. The tenant was represented by Murray Gares with Ensemble Real Estate Solutions. The landlord was represented by David Volk and Bruce Suppes with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking Lease Rate: $19.50 SF/YR Full Service; Tenant Phone: 520.622.6000[/mepr-show]

OFFICE – 1050 E. RIVER RD., TUCSON
Movement Mortgage has leased 1,852-square-feet of office space at 1050 River Road from Ashland Group Millennium, LLC. The tenant was represented by Jack T Glasgow with MOHR Partners. The landlord was represented by Bruce Suppes and Dave Volk with CBRE. [mepr-show rules=”58038″]Asking Lease Rate: $18.00 SF/YR Modified Gross; Tenant Phone: 520.314.1130[/mepr-show]

OFFICE – 1050 E. RIVER RD., TUCSON
Omni Homes International has leased 1,597 square feet of office space at 1050 River Road from Ashland Group Millennium, LLC. The tenant was represented Calvin Case with Omni Homes International. The landlord was represented by Bruce Suppes and Dave Volk of CBRE. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR Modified Gross[/mepr-show]

OFFICE – 201 W. CUSHING ST., TUCSON
Malena Produce has leased 1,838-square-feet of office space at 201 W. Cushing Street from Lizard Rock designs, LLC. The tenant was represented by Denisse Angulo-Badilla with Picor Commercial Real Estate. The landlord was represented by Ian Stuart with CBRE’s Tucson office. [mepr-show rules=”58038″]Tenant Phone: 520.761.0906[/mepr-show]

OFFICE – 2292 W. MAGEE RD., TUCSON
Emblem Healthcare has leased 1,601 square feet of office space at 2292 W. Magee Road from Russell and Sandra Streiff Revocable Trust. The landlord was represented by Aubrey Finklestein with VAST Commercial Real Estate. The tenant was represented by Bruce Suppes with CBRE. [mepr-show rules=”58038″]Tenant Phone: 949.487.9500[/mepr-show]

OFFICE – 3005 W. INA RD., TUCSON
Delores Ferguson CCMC has leased 1,500-square-feet of office space at 3005 W. Ina Road from StatDoc, LLC. The transaction was done with CBRE’s Tucson office with Jeff Casper representing the tenant and David Volk and Bruce Suppes representing the landlord. [mepr-show rules=”58038″]Asking lease rate: $19.00 SF/YR Modified Gross[/mepr-show]

RETAIL – 5075 N. LA CHOLLA BLVD., TUCSON
Jared Grant Insurance Agency has leased 1,200 square feet of office space at 5075 N. La Cholla Boulevard from 542 Hobart-Arizona, LLC. The landlord was represented by Dave Hammack with Volk Co. The tenant was represented by Bruce Suppes and Dave Volk with CBRE’s Tucson office.

RETAIL – 2229 E. BROADWAY BLVD., TUCSON
The City of Tucson, leased 1,177-square-feet at 2229 East Broadway Boulevard to Spork Press LLC. The tenant plans to use the space for bookbinding, letterpress, graphic design and production services, and the retail sale of books, music, and art. Roy Drachman of Roy Drachman Realty Company represented the tenant. Kevin Volk, Dave Hammack and Rick Borane of Volk Company represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $6.75 SF/YR NNN[/mepr-show]

RETAIL – 4380 N. CAMPBELL AVE., TUCSON
Morris Hall, PLLC has leased 1,132 square feet of office space at St. Philips Plaza located at 4380 N. Campbell Avenue. The tenant was represented by Bruce Suppes with CBRE’s Tucson office. The landlord, St. Philips Plaza, LLC, was represented by Bruce Suppes and Ian Stuart with CBRE’s Tucson office. [mepr-show rules=”58038″]Tenant Phone: 520.320.5100[/mepr-show]

INDUSTRIAL – 3820 E. 44th ST., TUCSON
BXB Builders, LLC, dba Sun Earth Builders, leased 1,100 square feet at 3820 E. 44th St., Suite 410 in Tucson from RR44, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.955.9218[/mepr-show]

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Bradley Dunwell, dba Proteum Machining, leased 1,000-square-feet at 2112 N. Dragoon St., Suite 15 in Tucson from Rich Rodgers South, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.