The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 19 thru 30, 2016.

INDUSTRIAL – 1888 E BROADWAY RD., TEMPE, AZ
Isy Sonabend and Rick Foss with NAI Horizon represented the landlord, Tempe Partnership, in a 108-month industrial lease for 26,023-square-feet at 1888 E. Broadway Rd., Tempe, AZ. Rick Foss represented the tenant, TDIndustries, Inc.

OFFICE – 1255 W BASELINE RD., TEMPE, AZ
Laurel Lewis of NAI Horizon represented the tenant, Southwest Behavioral Health, in a 51-month office lease with 1255 Baseline, LLC for 8,825-square-feet at 1255 W. Baseline Rd., Mesa, AZ.

RETAIL – MAIN ST & RECKER RD, MESA, AZ
A Retail Lease for 3,544-square-feet within Buckhorn Plaza at NEC of Main St & Recker Rd in Mesa, AZ to Athoria Games was recently consummated. The owner of the center is EC Mesa, LLC.  Jared Lively of Rein & Grossoehme represented the Landlord and Jason Feldman of Arizona Commercial Real Estate represented the Tenant.

RETAIL – 7114 E SAHUARO DR., SCOTTSDALE, AZ
Sharon Reeves with NAI Horizona represented the landlord, Norma Jane Clarke Trust, in a 26-month retail lease with The Lost and Found Resale, LLC for 2,888-square-feet at 7114 E. Sahuaro Dr., Scottsdale, AZ.

OFFICE – 1201 S ALMA SCHOOL RD., MESA, AZ
Laurel Lewis of NAI Horizon represented the tenant, Financial Services, in a 60-month office lease with Mesa Financial Plaza, LLC for 2,770-square-feet at 1201 S. Alma School Rd., Mesa, AZ.

RETAIL – 6663 E McDOWELL RD., MESA, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Breaking Eggs Café, LLC, in a 126-month retail lease for 2,225-square-feet at 6663 E. McDowell Rd., Mesa, AZ. Chris Corso with DeRito Partners, Inc. represented the landlord, Superstition Promenade, LLC.

RETAIL – 1949 W RAY RD., CHANDLER, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6SW, LLC, in a 64-month retail lease for 2,210-square-feet at 1949 W. Ray Rd., Chandler, AZ. Randy Shell with Shell Commercial represented the tenant, SoHo Hair Bar.

RETAIL – 1840 E WARNER RD., TEMPE, AZ
Chris Gerow Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented both the tenant and landlord, Ken’s Nails, in a 126-month retail lease with CP6MF, LLC for 2,100-square-feet at 1840 E. Warner Rd., Tempe, AZ.

RETAIL – SWC UNIVERSITY & LOOP 101, TEMPE, AZ
A Retail Lease for 1,946-square-feet within University 101 Shops at SWC of University & Loop 101 in Tempe, AZ to Brainstorm Escape Room was recently consummated. The owner of the center is 2155 E. University, LLC.  Jared Lively of Rein & Grossoehme represented both the Landlord and the Tenant on this transaction.

RETAIL – 6655 E McDOWELL RD., MESA, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Breaking Eggs Catering, in a 120-month retail lease for 1,657-square-feet at 6655 E. McDowell Rd., Mesa, AZ. Chris Corso with DeRito Partners, Inc. represented the landlord, Superstition Promenade, LLC.

OFFICE – 1144 E McDOWELL RD., PHOENIX, AZ
Tom Bean and Stan Matzinger with NAI Horizon represented the tenant, Arizona Correctional Peace Officers Association, Inc., in a 64-month office lease for 1,603-square-feet at 1144 E. McDowell Rd,, Phoenix, AZ. Philip Wurth with Colliers International represented the landlord, Okanagan Park Holdings, LLC.

RETAIL – 5052 W OLIVE AVE., GLENDALE, AZ
A lease for 1,200-square-feet at the NEC of Olive & 51st Ave to Power Nutrition was recently consummated.  The location of the property is the 5052 West Olive Ave in Glendale, AZ.  Power Nutrition has 3 locations in the metro Phoenix area.  The owner of the center is an LLC formed by West Valley Properties.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the Tenant and Patrick Anthon of NAI Horizon represented the Landlord.

RETAIL – 9021 N 51^st AVE., GLENDALE, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GC, LLC, in a 60-month retail lease for 1,200-square-feet at 9021 N. 51st Ave., Glendale, AZ. Jerry Roberts with Triple Net America, LLC represented the tenant, Avalon Massage.

RETAIL – 350 E BASELINE RD., MESA, AZ
A lease for 1,200-square-feet at the NEC of Baseline & Country Club to My Peak Wireless was recently consummated.  The location of the property is the 350 E Baseline Road in Mesa, AZ.  Peak Wireless is new to the valley, but is rapidly expanding.  The owner of the center is CFT NV Developments, LLC.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the Landlord and Marty Olejarczyk of GPS Retail Advisors represented the Tenant.

RETAIL – NEC MAIN & RECKER RD., MESA, AZ
A Retail Lease for 1,045-square-feet within Buckhorn Plaza at NEC of Main St & Recker Rd in Mesa, AZ to MetroPCS was recently consummated. The owner of the center is EC Mesa, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and Hayden Duff of HK Realty represented the Tenant.

OFFICE – 1940 E THUNDERBIRD RD., PHOENIX, AZ
Tom Bean with NAI Horizon represented both landlord and tenant, MFPI, LLC, in a 48-month office lease with Marc Business Forms, Inc. for 905-square-feet at 1940 E. Thunderbird Rd., Phoenix, AZ.

OFFICE – 1940 E THUNDERBIRD RD., PHOENIX, AZ
Tom Bean with NAI Horizon represented both landlord and tenant, MFPI, LLC, in a 24-month office lease with Paul G. Severs, PC for 616-square-feet at 1940 E. Thunderbird Rd., Phoenix, AZ.

RETAIL – SWC THUNDERBIRD & TATUM, PHOENIX, AZ
A lease for 600-square-feet at the SWC of Thunderbird & Tatum to Sleeping Beauty Spa & Lash Bar was recently consummated.  The location of the property is the SWC of Thunderbird & Tatum in Phoenix, AZ.  Sleeping Beauty is a single location operator.  The owner of the center is an LLC formed by Joan Pederson.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the Tenant and Chris Campbell of Cushman Wakefield represented the landlord.

RETAIL – 1830 E WARNER RD., TEMPE, AZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in a 60-month retail lease with Verizon Wireless, LLC for 418-square-feet at 1830 E. Warner Rd., Tempe, AZ.

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98,000-square-feet in new commitments brings project to 86 percent leased

PHOENIX, AZ – EverWest Real Estate Partners and CBRE are on a roll at 10 Chandler, signing six new leases in five months at the East Valley industrial park. Several of the new tenants have moved into the development this quarter. The remainder will move in by year’s end.

The new leases – which total more than 98,000-square-feet – bring the project to 86 percent occupied.

Located at 450 – 590 N. 54^th St. in Chandler, Arizona, 10 Chandler totals 37 acres with more than 553,000-square-feet of space in nine flex/industrial buildings. The park is centrally located in the heart of the Chandler Tech Corridor, offering approximately 1,150 feet of I-10 frontage, premier freeway-facing signage and freeway access via three full diamond interchanges.

The latest leases at 10 Chandler include:

• Babytown – New lease commitment for 12,000-square-feet.
• DNB Engineering– Expanded into an additional 16,000-square-feet.
• Heads Up Helmets– New lease commitment for 6,000-square-feet.
• M+W U.S., Inc. – New lease commitment for 33,000-square-feet.
• Inyati Bedliners – New lease commitment for 20,000-square-feet.
• Stretch to Win Institute– New lease commitment for 11,000-square-feet.

These companies will join existing tenants at 10 Chandler including Origami Owl, Cloud Blue, Eaton, Paradise Bakery and Toshiba.

CBRE First Vice Presidents Jackie Orcutt and John Grady serve as the exclusive leasing brokers for the property. Hired to handle the leasing in mid-February, the CBRE team has brought the property from 65 to more than 86 percent leased in just a short time.

“EverWest has taken a thoughtful approach toward building a strong base of credit tenants that reflect a healthy and diverse metro industrial market,” said Orcutt.

She also points out that the Chandler submarket is one of the strongest in the Valley, posting more than 1 million square feet of positive net absorption so far in 2016. She says 10 Chandler is particularly well situated to continue to capitalize on activity in the submarket. “The project’s location in west Chandler along I-10 is perfect for growing manufacturing, tech and defense/aerospace-related firms who need a strong labor base in a central location with a great deal of amenities.”

Among the amenities at 10 Chandler are up to 26-foot clear height ceilings, up to 50 x 30-foot column spacing, a mix of dock-high and grade-level doors, and generous parking. Building features are enhanced by nearby market amenities, including more than five hotels, 25 restaurants and multiple major shopping and power centers within a one-mile radius.

10 Chandler is a short drive to Sky Harbor International Airport and Phoenix-Mesa Gateway Airport, as well as the amenities and employment pools of downtown Tempe, downtown Phoenix and the East Valley. The park sits just north of the I-10/Loop 202 intersection, which reports a traffic count of 212,217 vehicles per day.

Select vacancy remains at 10 Chandler, including approximately 42,000 square feet in Building 2 and 19,000 square feet in Building 6. EverWest is also under construction on an 18,000-square-foot speculative suite in Building 1, with an expected completion date of January 2017. For more information, visit www.10Chandler.com or call CBRE at 602.735.5000.

The following commercial leases were reported to the Real Estate Daily News for Phoenix Commercial Leases from December 12 thru 16, 2016.

INDUSTRIAL LEASES BY NAI HORIZON
NAI Horizon represented the landlord in a sublease and long-term lease for a Tempe HVAC contractor at 1888 E. Broadway Rd.

NAI Horizon negotiated a short-term, $177,000 sublease of the property, representing CEC of Farmers Branch, Texas. NAI Horizon Senior Vice Presidents Isy Sonabend and Rick Foss then represented Tempe Partnership of Santa Monica, Calif., in the $1.423 million new lease of the 26,023-square-foot building for TDIndustries, Inc.

“TDIndustries, a $450 million, national, employee-owned company, chose this facility because it afforded them the space to handle all of their immediate and future growth,” said Foss, who also represented TDIndustries. “They chose the property in part because of the heavy office component and the enormous fenced, paved parking lot.” TDIndustries will occupy the building upon the completion of tenant improvements. The building will serve as a regional headquarters and manufacturing and distribution facility.

RETAIL – UNIVERSITY & LOOP 101, TEMPE
A Retail lease for 1,946-square-feet within University 101 Shops at SWC of University & Loop 101 in Tempe, AZ to Brainstorm Escape Room was recently consummated. The owner of the center is 2155 E. University, LLC.  Jared Lively of Rein & Grossoehme represented both the Landlord and the Tenant on this transaction.

RETAIL – PALMS PLAZA, GLENDALE
A lease for 800 square feet in Palms Plaza to Yerberia Esotirica Espiritual La Dona was recently consummated.  The location of the property is 51^st Ave & Orangewood in Glendale, AZ. The owner of the center is RMM Orangewood Retail, LLC. Jared Lively and Kevin Roessler of Rein & Grossoehme represented the Landlord and Tenant.

RETAIL – PALMS PLAZA, GLENDALE
A lease for 800 square feet in Palms Plaza to Yard Sale Liquidations was recently consummated.  The location of the property is 51^st Ave & Orangewood in Glendale, AZ. The owner of the center is RMM Orangewood Retail, LLC. Jared Lively and Kevin Roessler of Rein & Grossoehme represented the Landlord and Tenant.  Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.

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