Phoenix Commercial Lease Report December 5-9, 2016

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 5 thru 9, 2016.

INDUSTRIAL – 2225 S. 75th AVE., PHOENIX
Isy Sonabend and Rick Foss with NAI Horizon represented the tenant, Benson Industries, in a 12-month industrial lease for  93,489-square-feet at 2225 S. 75th Ave., Phoenix, AZ. Pat Harlan with JLL represented the landlord, Clarion Partners.

RETAIL – 858 S. GREENFIELD RD., GILBERT
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Planet Fitness, in a 180-month retail lease for 19,969-square-feet at 858 S. Greenfield Rd., Gilbert, AZ. Jason Fessinger with Strategic Retail Group represented the landlord, Warner Greenfield, LLC.

RETAIL – 10096 W. HAPPY VALLEY RD., PEORIA
Brian & Tom Woods of Colliers International represented Tuesday Morning on a 10 year lease with Vestar at Lake Pleasant Towne Center 10096 W. Happy Valley Road, Major D, Peoria, AZ, 85281 for 12,000-square-feet.  Torrey Briegel and Cameron Warren of Phoenix Commercial Advisors represented the Landlord.

INDUSTRIAL – 75 W. BASELINE RD., GILBERT
Jeff Adams with NAI Horizon represented the tenant, PPE Engineering, in a 38-month industrial lease for 7,812-square-feet at 75 West Baseline Rd., Gilbert, AZ. Leroy Breinholt and Darin Edwards with Commercial Properties, Inc. represented the landlord, Fiesta Center, LLC.

OFFICE – 4201 N. 24th ST., TUCSON
Tom Bean and Laurel Lewis with NAI Horizon represented the landlord, State Bar of Arizona, in a 65-month office lease for 7,080-square-feet at 4201 N. 24th St., Phoenix, AZ. James Robinson with Avocat represented the tenant, Data Monster dba Total Works.

OFFICE- 8180 N. HAYDEN, SCOTTSDALE
Jeff Adams with NAI Horizon represented the tenant, ISCI Holdings, INC, in a 73-month office lease for 3,575-square-feet at 8180 N. Hayden, Scottsdale, AZ. Nate Goldfarb, David Carder and Luke Wilson with CBRE represented the landlord, Village at Hayden, LLC.

RETAIL – 5830 W. THUNDERBIRD RD., GLENDALE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GT, LLC, in an 84-month retail lease with Sushi Plus for 2,312-square-feet at 5830 W. Thunderbird Rd.

RETAIL- 10636 N. 71st WAY, SCOTTSDALE
Sharon Reeves with NAI Horizon represented the landlord, Jaylynn Properties, LLC, in a 48-month retail lease with Scottsdale Bead Supply and Imports, Inc. for 2,200-square-feet at 10636 N. 71st Way, Scottsdale, AZ.

RETAIL – 10624 N. 71st WAY, SCOTTSDALE
Sharon Reeves with NAI Horizon represented the landlord, Mutka Properties, LLC, in a 60.5-month retail lease with Lisa DeSanto for 1,338-square-feet at 10624 N. 71st Way, Scottsdale, AZ.

RETAIL – 5052 W. OLIVE AVE., GLENDALE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GC, LLC, in a 63-month retail lease for 1,200-square-feet at 5052 W. Olive Ave., Glendale, AZ. Jim Edwards with Rein & Grossoehme represented the tenant, Power Nutrition.

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JLL Relocates Orcutt | Winslow; Maintains Central Corridor Presence

Long-term commitment moves company to Class A space at Phoenix Plaza

PHOENIX, Arizona – The Phoenix office of JLL has completed a 21,390-square-foot, long-term lease that relocates the corporate headquarters of Orcutt | Winslow (www.owp.com) into a new building on the Central Corridor, continuing the architecture, planning and interior design firm’s decades-long presence in metro Phoenix’s Central Business District.

The new lease moves Orcutt | Winslow from Phoenix Corporate Center, at 3003 N. Central Ave., into Phoenix Plaza, located at 2929 N. Central Ave. Phoenix Plaza sits on the northeast corner of Central Avenue and Thomas Road, in Phoenix’s Midtown submarket – midway between downtown Phoenix and the Camelback Corridor.

JLL Managing Director Andrew Medley represented Orcutt | Winslow in the lease negotiations. Jerry Roberts and Patrick Boyle of CBRE represented the property owner, Phoenix Plaza PT, LLC.

“Orcutt | Winslow’s new space is not only flexible – allowing the company to maximize its efficiencies over the long-term – but also filled with Class A building amenities,” said Medley. “The Phoenix Plaza complex includes a gym, deli, hotel, shared conference room and light rail access. These were important factors for Orcutt | Winslow as they considered their move, and the always-important factors that help a company attract and retain today’s top employee talent.”

“Andrew Medley and his team at JLL did a great job of helping us find the perfect space. With this relocation, Orcutt | Winslow will be ideally situated to continue to provide our clients the service they expect and deserve,” said Erik Clinite, one of the Managing Partners at Orcutt | Winslow.

“We are especially excited about designing and constructing our new space to support the way we work today, and one that will be extremely flexible. Like other leading-edge companies that depend on technology, gone are the days of large dedicated workstations and hardcopies of drawings. They have been replaced by smaller open workstations that accommodate laptops and larger computer monitors, and collaboration spaces that promote communication and creativity,” said Carl Nelson, another Managing Partner at Orcutt | Winslow.

Phoenix Plaza totals 1.7 million square feet of Class A commercial space including twin 20-story office towers, a 25-story office tower, a 226-room Hilton Hotel Suites and a three-level retail pavilion offering a health club, specialty shops and dining. The property is surrounded by amenities such as Park Central Mall, Phoenix Country Club, the Heard Museum, Phoenix Art Museum, resort hotels and fine dining. Other notable tenants in the building include Banner Health, Osborne Maledon, IBM and Deloitte.

Orcutt Winslow will relocate to its new space in July.

Headquartered in Phoenix, Orcutt | Winslow specializes in the design of people-oriented architecture, planning and interior design services, with a client roster that includes Mayo Clinic, Pendergast Elementary School District, Dignity Health, Buckeye Union High School, Maricopa Integrated Health Systems, Madison Elementary School District, Queen Creek Unified School District, Banner Health, Litchfield Elementary School District, Kyrene School District, Veterans Affairs, Creighton School District and a host of other public and private education clients.

 




Hines Renews 11,967 SF Lease for GPEC at Renaissance Square

law-firm-inks-60000-sf-at-renaissance-square
Renaissance Square

PHOENIX, Arizona – Hines, the international real estate firm, announced it has renewed a long-term 11,976-square-foot lease for the Greater Phoenix Economic Council (GPEC) at Renaissance Square in Phoenix.

GPEC, which has been in Renaissance Square since its inception, will continue occupying its space on the 25th floor. The organization renewed an 8-year lease and is updating the office into a more modern and collaborative space.

Hines acquired Renaissance Square in 2008. The two-building office complex in downtown Phoenix is bounded by Adams, Central and Washington streets and 1st Avenue, and has 968,790 combined square feet.

“Hines is thrilled to retain GPEC, a long-standing tenant that makes a significant impact in the community,” said Steve Hamel, Hines’ general property manager of Renaissance Square.

“The location of One Renaissance Square provides a centrally located office space for the various stakeholders from the private and public sector around the region to participate in the work that GPEC is undertaking, a factor that was incredibly important in the selection process,” said Chris Camacho, president & CEO of the Greater Phoenix Economic Council.

Pat Devine with Cushman & Wakefield represented the landlord. Andrew Cheney with Lee & Associates represented GPEC.