The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of August 31 thru September 4, 2015.

TWO OFFICE TENANTS BRING DESERT RIDGE CORPORATE TO 95% OCCUPANCY
Two office leases totaling 47,372-square-feet were leased at Desert Ridge Corporate Center I and II, 20830-20860 N. Tatum Blvd. in Phoenix. These transactions bring occupancy in both buildings to 95 percent. At Desert Ridge I, Regus leased 12,338-square-feet and was represented by Kevin Calihan of CBRE.

At Desert Ridge II, Republic Services leased an entire floor totaling 35,034-square-feet and was represented by Gary Gregg, Mike Gordon and Eric Walker of Cresa. Lee & Associates principals Craig Coppola, Bill Blake, Colton Trauter, Andrew Cheney and Associate Gregg Kafka, represented the landlord in both of these transactions.

NEW BEALL’S OUTLET TO OPEN IN WESTPORTE VILLAGE, PEORIA
Beall’s Outlet will soon open a new location in Peoria, Arizona. The 26,600-square-foot space is located in Westporte Village at the southeast corner of 67^th Avenue and Peoria. Beall’s Outlet opened its first store 100 years ago in 1915 and is still family owned. They now have over 500 stores operating in Florida, Georgia, and Arizona.

Velocity Retail Group’s Michael Clark, Larry Miller, and John Jackson teamed up to finalize a five-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. Beall’s Outlet opened its first store 100 years ago in 1915 and is still family owned. They now have over 500 stores operating in Florida, Georgia, and Arizona.

TUCSON, AZ – Halo Lash boutique has leased shop space in the San Clemente Shopping Center, located at 3835 East Broadway Blvd at the northwest corner of Broadway and Alvernon.  Nic Chavira of Tango Commercial Real Estate represented the tenant and Greg Furrier of Cushman & Wakefield | Picor represented the building owner.

Owned by Tucson entrepreneur and sole proprietor Michelle Ross, Halo Lash offers eyelash extension services. Ross said she expects to employ four technicians at this original location. The boutique is now open and accepts walk-ins during business hours from Monday through Saturday, 9:00 a.m. to 8:00 p.m. Appointments are strongly suggested.  A Grand Opening is anticipated in September, according to Ross.

As Ross describes her company’s primary service, Halo Lash applies one silk lash for every natural lash with medical grade adhesive for a fuller look. Clients may choose from multiple lengths, curls and thicknesses. The whole procedure takes 1.5 to 2 hours and costs $110 for a first visit. The lashes last from three to five weeks and fills are available for $60. For more information, visit www.halolash.com.

“Tango Commercial Real Estate works with a diverse range of clients,” said Bob Davis, partner. “We enjoy the thrill of the hunt, finding suitable spaces for our clients whether they are local start ups like Halo Lash or large, out-of-state tech companies looking to expand into Tucson.

Headed by Davis and business partner Thomas Hunt, Tango Commercial Real Estate commenced doing business in June of 2015. The pair offers more than 50 years of combined experience to clients seeking commercial real estate services in Tucson. “We know Tucson, we love what we do and we always aim to be our clients’ partners in success,” Davis said.

To learn more Chavira of Tango Commercial Real Estate Services can be reached at (520) 288-1231 and Furrier at Cushman & Wakefield | Picor should be called at (520) 546 -2735

[mepr-show rules=”58038″]Leased space was 602-square-feet with triple net terms and undisclosed lease rate. [/mepr-show]

Second largest lease this year in Phoenix market signed with growing company planning to hire up to 600 employees over the next 12-18 months

Stitch Fix, an online personal styling service for the busy woman on the go, has announced plans to open its fourth distribution center in Phoenix, AZ. The new distribution center, located on West Lower Buckeye Road, will open in November 2015 and will help the company scale operations and better serve clients located in the Southwestern US.

The company plans to hire up to 600 employees for the 365,000-square-foot facility. Stitch Fix currently operates three other distribution centers in South San Francisco, CA, Indianapolis, IN and Dallas, TX. Stitch Fix is headquartered in San Francisco, CA, with offices in Austin, TX and Pittsburgh, PA.

“As we continue to grow and scale the company, we are looking for distribution center locations in markets that have the right amount of space, a great labor market, and allow us to better serve our clients in the region. Phoenix has the right mix of all of these elements, and will allow us to continue to scale our operations in a sustainable way,” said Stitch Fix COO Mike Smith. “We appreciate the warm welcome we have felt from the Phoenix business community, and are looking forward to building our Phoenix team.”

“Attracting a creative, successful and growing young company like Stitch Fix is a win for Phoenix,” said Mayor Greg Stanton. “We are thrilled to see hundreds of new jobs, and I am positive that our talented labor market will more than meet the company’s needs.”

“Stitch Fix is an exciting and dynamic company whose entrance into the market adds to the growing inventory of innovative companies in the region,” said Chris Camacho, president & CEO of the Greater Phoenix Economic Council. “The new operation in Phoenix will provide them with increased access to their growing customer base, as well as access to a robust workforce to fill the hundreds of new jobs this expansion brings.”

“I am pleased to welcome Stitch Fix to Southwest Phoenix and to add their name to the growing list of companies taking advantage of the outstanding distribution/manufacturing warehouse opportunities available in the area,” said Councilman Michael Nowakowski.

“Phoenix has a strong inventory of first generation industrial space, allowing Stitch Fix to select the best possible building for their growing business,” said JLL Managing Director Bill Honsaker, a member of the JLL team representing Stitch Fix in its lease negotiations. “They are only the third tenant over the last two years to sign a 250,000-plus-square-foot lease that wasn’t a build-to-suit. It is a great case study for other users looking to complete lease deals in the Phoenix market.”

JLL Managing Directors Bill Honsaker, Marc Hertzberg, Anthony Lydon and Hugh Scott, and JLL Senior Vice President Michael DeMaria, represented Stitch Fix in its lease. Don MacWilliam and Payson MacWilliam of Colliers International represented the building owner, Exeter Property Group.