Phoenix Lease Report – Feb 25 – March 1, 2019

Phoenix Leases Feb. 25 – March 1, 2019

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from February 25 thru March 1, 2019.

RETAIL – SONORAN VILLAGE, SCOTTSDALE, AZ
Brian Woods of Colliers International represented Tuesday Morning  on a 10-year lease at Sonora Village at the SWC Loop 101 & Frank Lloyd Wright Blvd in Scottsdale, AZ, for 14,831-square-feet.  Phoenix Commercial Advisors’ Zach Pace and Teale Bloom represented Yam Properties, the Landlord.  Signed in January 2019.

OFFICE – 18434 N 99TH AVE., SUN CITY, AZ
A lease for 2,485-square-feet in Union Hills Center to Artful Nature Decor was recently consummated.  The location of the property is 18434 N. 99th Ave in Sun City, AZ.  The owner of the center is C&B Properties, Ltd.  Jared Lively of Rein & Grossoehme CRE represented both the Landlord and the Tenant in this transaction.

RETAIL – 4770 E RAY RD., GILBERT, AZ
Brian Woods of Colliers International represented Gateway Corner Holdings, LLC, the Landlord on a seven-year lease with Verizon Wireless at Gateway Corner Shops at 4770 E. Ray Road, Gilbert, AZ, 85296 for 2,402-square-feet.  Cushman & Wakefield’s, Brent Mallonee represented the Tenant.  Signed in February 2019.

OFFICE – 18434 N 99TH AVE., SUN CITY, AZ
A lease for 2,130-square-feet in Union Hills Center to Intuitive Development was recently consummated.  The location of the property is 18434 N. 99th Ave in Sun City, AZ.  The owner of the center is C&B Properties, Ltd.  Jared Lively of Rein & Grossoehme CRE represented both the Landlord and the Tenant in this transaction.

RETAIL – 19756 N JOHN WAYNE PKWY, MARICOPA, AZ
A lease for 1,400-square-feet in Duke Plaza Shopping Center to Sunshine Family Healthcare Center was recently consummated. The location of the property is 19756 N. John Wayne Pkwy. in Maricopa, AZ. Kevin Roessler of Rein & Grossoehme represented the owner and tenant.

RETAIL – 25101 N LAKE PLEASANT PKWY, STE A1300, PEORIA, AZ 
Brian Woods of Colliers International represented uBreakiFix on a five-year lease at Lake Pleasant Crossing at 25101 N. Lake Pleasant Parkway, Suite #A1300, Peoria, AZ, 85383 for 1,217-square-feet.  Western Retail Advisors’ Bryan Ledbetter & Katie Weeks represented CenterSquare, the Landlord.  Signed in February 2019.

 




Phoenix Kidder Mathews healthcare team negotiates long-term lease at Mescal Medical Park in Scottsdale for $1.6M

PHOENIX, Ariz. – The Phoenix Kidder Mathews healthcare team represented the landlord in a long-term lease totaling $1.6 million at Mescal Medical Park, 10900 N. Scottsdale Rd., in Scottsdale, Arizona.

The team of Senior Vice President Michael Dupuy and Vice President Rachael Thompson negotiated the long-term lease on behalf of Cypress West Partners, a Southern California-based healthcare investment, leasing, and property management firm.

Kidder Mathews negotiated a 7-year lease for 8,234-square-feet worth $1.6 million for Oliver Street Dermatology Management.

“It has been exciting to see the property become so active this quarter; this lease is reflective of other recent activity we have seen in the area,” Thompson said. “Central Scottsdale is a market in high demand with its strategic location. It is attracting tenants and patients from Paradise Valley and North and South Scottsdale with its convenient access on Scottsdale Road and the Loop 101.”

Built in 1982, Mescal Medical Park is a garden style medical property in the heart of Scottsdale. Just minutes from HonorHealth Shea Medical Center’s campus and the 101, it offers an onsite pharmacy.

“With this lease, which included relocating and expanding an existing tenant to a larger suite, the property is well positioned,” Dupuy said.

Cypress West Partners owns property in Arizona, California, Nevada, and Oregon. Its Arizona portfolio includes more than 400,000 SF of medical office space in 10 buildings.

“The Kidder Mathews team was an integral of the property’s stabilization through its efforts and focus on tenant needs in conjunction with landlord objectives,” said Cypress West Partners Director of Brokerage Services Bryan McKenney.

Oliver Street Dermatology Management was represented by Aaron Kuhl with MOB.




Last State of the City “Moving Tucson Forward” Delivered by Tucson Mayor Jonathan Rothschild

Mayor Jonathan Rothschild

TUCSON, ARIZONA — Mayor Jonathan Rothschild delivered his annual State of the City address hosted by the Tucson Metro Chamber at the Tucson Convention Center to a packed audience at this sold out event  Friday.  The popular Mayor has announced that he will not seek his third four-year term, so this was Mayor Rothschild’s last State of the City speech, entitled “Moving Tucson Forward”.

“I want Tucson to be a city where our children want to stay, and can stay,” said Mayor Rothschild.  “Want to stay because of the community and its quality of life. Can stay because there are good jobs here. If I’ve helped get us closer to that goal, then I’ve done my part.”

To read the full speech click here: State of the City Speech 2019

Mayor Rothschild is a native Tucsonan. His grandmother came to Tucson in 1942 and opened Valley Fair, a used furniture store on South 6th Avenue. His father attended Tucson High School and the University of Arizona.

A graduate of Canyon del Oro High School, Kenyon College and the University of New Mexico Law School, Mayor Rothschild served as a law clerk for United States District Court Judge Alfredo Marquez. He then joined the law firm of Mesch, Clark & Rothschild, where he served as managing partner from 2001 to 2011. In addition to his own law practice helping businesses and individuals, he was responsible for the day-to-day management of a 21-attorney firm.

Mayor Rothschild has a long history of extensive service with local non-profit, as a leader and a worker. He has served in various capacities, including board president of Casa de los Niños, Handmaker Jewish Services for the Aging, and Temple Emanu-El.

Mayor Rothschild also served on the boards of the Tucson Medical Center Foundation, Jewish Family & Children’s Service, Friends of the University Libraries, University of Arizona and the Community Foundation of Southern Arizona. He was a member of the Tucson Parks & Recreation Commission and chair of the Jewish Community Relations Council.

Other past responsibilities include: James E. Rogers College of Law, Adjunct Professor University of Arizona; Committee on Examinations, State Bar of Arizona Chair; Operation Deep Freeze, Project Coordinator; Pima County Sheriff’s Department, SMART Project Member; Pima County Democratic Party Treasurer.

Mayor Rothschild was first elected in 2011, re-elected in 2015. In his first race he defeated Write-in Republican contender Rick Grinnell and Green Party candidate Mary DeCamp. He ran unopposed in his 2nd bid.

Four Democrats, two Republicans, and two Independents to date are listed on the City of Tucson Election Department’s page as having filed to run for this office. Primary election deadline for nomination signatures, as well as signatures for the General is May 29, 2019.

To see the full list of candidates filed click here: 2019 Tucson City Candidates filed as of 02-04-19

Also up this year, are Council seats in Ward 1, 2 and 4 in the City of Tucson.