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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The Phoenix office of JLL has completed five new leases for Café Rio, expanding the fast casual Southwestern-style restaurant into multiple new locations across the metro Phoenix market. The new restaurants have opening dates ranging from October 2016 to summer 2017.

JLL Senior Vice President Tyson Switzenberg represented Café Rio in the lease negotiations, which include:

• 4095 S. Gilbert Rd. (at Ocotillo Rd.) – 2,670-square-feet, opened Oct. 20.
• 4747 E. Cactus Rd. (at Tatum Blvd.) – 2,501-square-feet, opened Nov. 10.
• 5150 S. Rural Rd. (at Baseline Rd.) – 2,785-square-feet, scheduled to open this month.
• 7439 W. Bell Rd. (at 75^thAve.) – 2,000-square-feet, scheduled to open Summer 2017
• 2748 S. Signal Butte Rd. (at Guadalupe Rd.) – 2,880-square-feet, scheduled to open Summer 2017

“Phoenix ranks among the nation’s hottest markets for quick serve restaurants,” said Switzenberg. “Café Rio has been rapidly expanding in Phoenix due to the success of their existing stores in the marketplace – all of these are end-cap spaces within strong regional or neighborhood trade areas, and include strong traffic patterns, a strong surrounding retailer base and great visibility. These properties have helped Café Rio realize its 2016 Phoenix-area expansion plans, which it expects to continue in 2017 and beyond.”

According to JLL, metro Phoenix boasts 93 quick serve restaurants per 100,000 residents, placing it fourth on the company’s list of “Top 10 Best Large Markets for Quick-Service Restaurant (QSR) Expansion,” with a density of QSR uses that ranks just behind Nashville, Houston and Washington D.C.

Based in Salt Lake City, Café Rio is a fast-casual Mexican restaurant with made-from-scratch recipes inspired by the traditional cooking and high quality ingredients found in the Rio Grande Region of Northern Mexico, Southern Texas and New Mexico. The company operates more than 100 U.S. locations across 10 states, including 13 locations in metro Phoenix.

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. 75^th 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. 24^th 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. 71^st 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. 71^st 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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