Phoenix Lease Report – March 31 – April 4, 2014

Phoenix Lease Report
Phoenix Lease Report

The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report in the metro Phoenix area for the week of March 31 – April 4, 2014.

Consumer Cellular, leased 85,245 sq. ft. of back office space in the Tempe Commerce Park, Bldg. F, 7410 S. Roosevelt St. in Tempe, Ariz. The lease is for 8 years and starts this spring and will be comprised of the entire building footprint. Lee & Associates Principal, Rick Lee, represented the Scottsdale-based ownership of Walton-EH Tempe Commerce JV VI, LLC (Everest Holdings). Mike Nye of Capacity Commercial of Portland represented the tenant, Consumer Cellular.

Larry Miller and John Jackson of Velocity Retail Group represented Anthem Eastside Shops on the northwest corner of Anthem Way and Venture Drive in Anthem, Arizona in the lease of a 9,145 sq. ft. space to Dollar Tree. The tenant had long attempted to enter the Anthem market, but had been unable to secure quality real estate of sufficient size. The landlord, DPC Development Company, was able to relocate one of their restaurant tenants within the building to create a space for Dollar Tree. Kurt Kalocin of SRS represented the tenant in the 7-year lease. The new store is set to open in April.

Tom Bean and Troy Giammarco represented the tenant, Landmark Collections, LLC, in a 62-month office lease transaction for a 5,079 sq. ft. space at 7776 South Pointe Parkway in Tempe, AZ. Ryan Michael with Cushman & Wakefield represented the landlord, Clocktower Corporate Centre Limited Partnership.

Barbara Lloyd and Tom Bean represented the landlord, Tempe CC, LLC, in a 63 month medical lease transaction for a 3,333 sq. ft. space at 4515 South McClintock Drive in Tempe, AZ. Matt Nebeker with Cassidy Turley represented the tenant, Arizona Microtek, Inc.

Valor IT dba Valor Global Services signed a 6 month lease for 3,000 sq. ft. of office space at 2720 E. Thomas Rd. # A-2000, Phoenix. Adrienne Bryant & Jonvieve Bryant of Bryant Commercial Real Estate handled the transaction for Freeport Investments, the landlord in this transaction.

Hut No. 8, a clothing retailer new to the Phoenix Valley, will be opening its first location in Arizona at the SWC of Warner Road and Val Vista Road in Gilbert. Larry Miller, John Jackson, and Michael Clark of Velocity Retail Group negotiated a five-year lease of 3,428 sq. ft. on behalf of the landlord, North American Development Group. The tenant was represented by Mark Camara of APE Realty. This is also the first location for the franchisee, which plans to open in July.

PopeyesVelocity Retail Group, LLC announces that the first newly redesigned prototype for Popeye’s Louisiana Kitchen will be built at the southwest corner of Elliot Road and Priest Drive in Tempe, Arizona.   Dave Cheatham, Michael Clark, and Nick Ault of Velocity Retail Group represented Popeye’s in the transaction.  The landlord TPP JV Maricopa, LLC an entity controlled by Trigate Capital was represented by Clift Johnston of Cassidy Turley BRE.  The new building will be 2,951 sq. ft. and be located on a 23,000 square foot parcel fronting Elliot Road and is expected to open by the 4th quarter of this year.

BBD Ventures LLC dba Mojitos Cigar Bar signed a 5 year lease for 2,830 sq. ft. of retail space at 29850 N. Tatum Blvd. Phoenix represented by Adrienne Bryant & Jonvieve Bryant of Bryant Commercial Real Estate.  Hanley Properties II LLC represented the landlord in this transaction.

Mike Myrick represented both the landlord, CPLC, Inc., and the tenant, Restaurant Success, LLC, in a 5 year retail lease transaction for a 2,592 sq. ft. space at 701 South Central Avenue in Phoenix, AZ.

West Valley Gaming signed a 5 year lease for 2,535 sq. ft. of retail space at 13915 N. Dysart Rd. Suite C1 El Mirage AZ. From A. Bryant.  Hanley Properties VII LLC represented the Landlord in this transaction. Chris Gerow, Shelby Tworek, and Gabe Ortega of NAI Horizon represented both the landlord, CP6GT, LLC, and the tenant, Anaya’s Fresh Mexican Restaurant, in a 5 year retail lease transaction for a 2,401 sq. ft. space at 5830 West Thunderbird Road in Glendale, AZ.

Larry Miller and John Jackson of Velocity Retail Group represented European Wax Center in a 10-year lease of 1,681 sq. ft. at Boardwalk at Anderson Springs located on West Ray Road in Chandler, Arizona. The landlord was represented by Shelby Tworek and Gabe Ortega of NAI Horizon. This is the 18th Valley location for the tenant, and is scheduled to open in August.

24/7 AC, LLC dba 24/7 AC signed a 2 year lease for 1,000 sq. ft. of retail space at 500 W. Southern Ave. Adrienne Bryant & Jonvieve Bryant of Bryant Commercial Real Estate represented the tenant. Southern Square LLC represented the landlord in this transaction.

Chip Thor of Velocity Retail Group represented V’s Barber Shop in a 5-year lease for 950 sq. ft. at CityScape at First Street and Washington in downtown Phoenix, AZ. The landlord was represented by Mike Kallner of Red Development. The new shop is expected to open this month.




Phoenix Lease Report February 17 – 21, 2014

Lease Report
Lease Report

The following lease transactions were reported to the Real Estate Daily News for the Phoenix Lease Report during the week of February 17-21, 2014.

RETAIL SPACE – 3975 E THOMAS RD, PHOENIX
Chris Gerow, Shelby Tworek, and Gabe Ortega with NAI Horizon in Phoenix represented both the landlord, GM 40 T LLC, and the tenant, JEG Fit 40th & Thomas, LLC, in a 15 year retail lease transaction for a 22,613-Square-foot space at 3975 East Thomas Road in Phoenix, AZ.

RETAIL SPACE – 4303 W PEORIA AVE, GLENDALE
Chris Gerow, Shelby Tworek, and Gabe Ortega with NAI Horizon in Phoenix represented the tenant, Mountain Range Restaurants, in a 15 year retail lease transaction for a 4,700-square-foot space at 4303 West Peoria Avenue in Glendale, AZ. Paul Serafin and Matt Morrell with De Rito Partners represented the landlord, DP89, LLC.

RETAIL SPACE – 4505 E CHANDLER BLVD, PHOENIX
Laurel Lewis with NAI Horizon in Phoenix represented the landlord, HB Foothills Gateway, LLC, in an 86 month office lease transaction for a 4,153-square-foot space at 4505 East Chandler Boulevard in Phoenix, AZ. The tenant was West USA Realty, Inc.

RETAIL SPACE – 4505 E CHANDLER RD, PHOENIX
Laurel Lewis with NAI Horizon in Phoenix represented the landlord, HB Foothills Gateway, LLC, in a 66 month office lease transaction for a 2,560-square-foot space at 4505 East Chandler Boulevard in Phoenix, AZ. Grafton Milne with Menlo Group represented the tenant, Smith LC.

RETAIL SPACE – 3491 W FRYE RD, CHANDLER
Chris Gerow, Shelby Tworek, and Gabe Ortega with NAI Horizon in Phoenix represented the tenant, Luv My Bling, LLC, in a 7 year retail lease transaction for a 2,200 square-foot space at 3491 West Frye Road in Chandler, AZ. Cameron Warren with Phoenix Commercial Advisors represented the landlord, GM Chandler Village, LLC.

RETAIL SPACE – 1825 E GUADALUPE RD, TEMPE
Chris Gerow, Shelby Tworek, and Gabe Ortega with NAI Horizon in Phoenix represented the tenant, Linda Mar Ventures, Inc., in a 5 year retail lease transaction for a 1,400 square-foot space at 1825 East Guadalupe Road in Tempe, AZ. The landlord was WRI Retail Pool I.

OFFICE SPACE – 14239 W BELL RD, SURPRISE
Tom Bean and Troy Giammarco with NAI Horizon in Phoenix represented the tenant, JOBY Management, in a 26 month office lease transaction for a 1,374-square-foot space at 14239 West Bell Road in Surprise, AZ. Tyler Smith with Colliers International represented the landlord, Paramount Surprise, LLC.

OFFICE SPACE – 1130 E MISSOURI AVE, PHOENIX
Peggy Johnson with NAI Horizon in Phoenix represented the landlord, Alice Avenue, LLC, in a 5 year office lease transaction for a 770-square-foot space at 1130 East Missouri Avenue in Phoenix, AZ. The tenant was John D Hensler, LLC.

RETAIL SPACE – 250 N LITCHFIELD RD, GOODYEAR
Tom Bean, Troy Giammarco, and Laurel Lewis with NAI Horizon in Phoenix represented the landlord, TriCal Commercial Investments, LLC, in a 65 month lease transaction for a 297 square-foot space at 250 North Litchfield Road in Goodyear, AZ. Arvle Knight with Kasten Long Commercial represented the tenant, Verco Decking, Inc.

To submit lease and / or sales transactions, email us at REDailyNews@outlook.com.




Phoenix Lease Deals Reports Nov 11 – 15, 2013

Real Estate Daily NewsPhoenix lease deals are listed in descending order for square-feet:

Isy Sonabend of NAI Horizon represented the landlord, SB Management, in a two-year industrial lease renewal for a 14,557-square-foot space at 54 N. 45th Ave. in Phoenix.

SRS Real Estate Partners announced that Dollar Tree has signed two new Phoenix leases and a third in Tucson. (see Tucson lease report for third lease)

The first new location is a 10,865-square-foot space at Squaw Peak Plaza located at the NEC of Thomas Road and State Route 51 in Phoenix. Other tenants include; Steven’s Shoes and Douglas Barber Shop. Dollar Tree plans to open in early 2014. The second new location is an 8,000-square-foot space at Gilbert Gateway Towne Center located at the southwest corner of the San Tan Freeway and Power Road in Gilbert. The Target anchored shopping center includes; Michael’s, Ross, Chase, Petsmart and Sweet Tomatoes. Dollar Tree plans to open in early 2014. Kurt Kalocin with SRS Real Estate Partners represented the tenant, Dollar Tree in these transactions. Brian Woods and Tom Woods with Collier’s International represented the Landlord, Vestar, in the Gilbert Gateway Towne Center transaction. Regan Amato and Tyler Chester with Phoenix Commercial Advisors represented the landlord, Kornwasser Shopping Centers, in the Squaw Peak Plaza transaction.

Chris Gerow, Shelby Tworek, and Gabe Ortega of NAI Horizon represented the tenant, Three Fingers, LLC, in a 120-month retail lease transaction for 5,000-square-feet at 1035 W. Queen Creek Rd. in Chandler. Torrey Briegel with Phoenix Commercial Advisors represented the landlord, The Falls Investors, LLC.

Dance Studio C leased 4,060-square-feet at McKellips Lindsay Center located at 2860 E. McKellips Road in Mesa. Michael Gaida of Sperry Van Ness represented the landlord in the transaction. Darin Edwards of CPI represented the tenant.

Richard Mackay of Rein & Grossoehme represented the Landlord and Carol Asnen of RE/MAX represented the tenant in a lease for 3,450-square-feet in Plaza 47 Shopping Center to Truth Ministry Church. The location of the property is 6610 N. 47th Avenue in Glendale, AZ.  .  The owner of the center is R&G 47th Avenue LLC.

Mike Myrick and Alexandra Loye of NAI Horizon represented the landlord, Donald G. Lyon Family Trust, in a 65-month office lease transaction for a 2,607-square-foot space at 1553 W. Todd Dr. in Tempe. Ron Moore with Rimrock Companies represented the tenant, Arizona Resource Specialists, LLC.

Chris Gerow, Shelby Tworek and Gabe Ortega of NAI Horizon represented the tenant, EBO Investments, LLC, in a five-year retail lease transaction for a 2,470-square-foot space at 1809 N. Dysart Rd. in Avondale.

Jake Ertle of Rein & Grossoehme Commercial Real Estate represented the Landlord and Bryan Lamond represented the Tenant in a lease for 2,400-square-feet at 4029 N. 28th Avenue in Phoenix, AZ to Lenny’s Burgers. The Landlord is Enayat Abrishami.

Chris Gerow, Shelby Tworek and Gabe Ortega of NAI Horizon represented the tenant, Delia’s Cleaners of Arizona, Inc., in a seven-year retail lease transaction for a 2,302-square-foot space at 9920 S. Rural Rd. in Tempe. Joe Doucett with GDC/RE represented the landlord, SY Warner Ranch, LLC.

Justin Horwitz and Nicole Ridberg of Sperry Van Ness represented the landlord at Ventura Gateway to lease 2,287-square-feet to the SOLIS Group. Ventura Gateway is located at 8687 E. Via De Ventura in Scottsdale. Nathan Wade of 22Back represented the tenant.

Jennifer Keeler of NAI Horizon represented the landlord, West Florence Holdings, LLC, in a 60-month retail lease transaction for 2,000-square-feet at 1609 E. Florence Blvd. in Casa Grande.

Peggy Johnson of NAI Horizon represented the landlord, JTR Casa Real, LLC, in a 14-month retail lease transaction for a 1,784-square-foot space at 3302 N. 3rd St. in Phoenix.

Mary Ridberg and Rommie Mojahed of Sperry Van Ness represented the landlord at 8th Avenue Shops in Mesa to lease 1,307-square-feet to Herbalife. This neighborhood retail center is located at 810 S. Alma School Road.  Michael Hashim of AZ Prime Real Estate represented the tenant.

Peggy Johnson represented the landlord, Alice Avenue, LLC, in a 50-month office lease transaction for 1,156-square-feet at 1130 E. Missouri Ave. in Phoenix. Debbie Cato with Diamond Properties represented the tenant, Artplay, LLC.

Jared Lively of Rein & Grossoehme represented the owner and the tenant on a lease for 880-square-feet in Kings Inn Plaza to Matt’s Multimedia.  The location of the property is 10659 W. Grand Ave in Sun City, AZ.  The owner of the center is Kings Inn Plaza, LLC.

Phoenix Lease deals are reported weekly. To submit sales and leases email REDailyNews@outlook.com.

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