PHOENIX, ARIZONA – NAI Horizon represented the landlord and the tenant in negotiating a long-term lease for a new Planet Fitness at Vista Del Oro in Gilbert, Arizona.

The NAI Horizon retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, United PF TOM LLC of Austin, Texas, in the transaction totaling $2.55 million.

NAI Horizon Senior Associate Horth Hong represented the landlord, Val Vista Queen Creek LLC of Los Angeles.

The site was a former kid’s entertainment complex and prior to that it was a grocery store,” Tware-footorek said. “We were able to come to terms and demise a 50,000-sqaure-foot box so that the owner could accommodate two tenants. The area and demographics were ideal for a Planet Fitness model, meeting some of the demands of the local neighborhood.”

Planet Fitness will occupy 24,287-sqaure-feet at Vista Del Oro, 4874 S. Val Vista Drive in Gilbert. Vista Del Oro is a 102,755-square-foot shopping center at the SWC of Val Vista Drive and Queen Creek Road. It’s a half mile south of the Loop 202 Santan Freeway.

Tenants at Vista Del Oro include G.S. Consulting Group, GSC Therapy, Leslie’s Pool Supply, Payton’s Place Bar and Totspot Preschool.

In 2018 NAI Horizon negotiated leases totaling more than $23 million for Planet Fitness locations across the Valley.

Local projects and programs demonstrating exemplary collaboration to be recognized

TUCSON, Arizona – On Friday, Nov.1, 2019, the Metropolitan Pima Alliance (MPA) will hold its 15th Annual Common Ground Awards Ceremony at the JW Marriott Starr Pass Resort. Presented for the third year in a row by Title Sponsor Barker Contracting, Inc., the event honors community leaders, projects and programs that have made significant contributions toward bridging divides and finding solutions to complex challenges in creative ways. Since the first ceremony in 2003, over 280 projects have been recognized that embody MPA’s mission to create a prosperous community by promoting collaborative real estate development policies, building partnerships and finding common ground.

Brian Barker, president of Barker Contracting, said, “We are happy to continue our support because the whole common ground theme matches perfectly with our organization and how we do business. We know that MPA’s work is very important to our industry.”

Twenty finalists have been identified through a multistep process. All finalists will be interviewed by a panel of MPA members and then scored against weighted criteria including collaboration quality, impact and complexity. The finalists with the top 10 scores will be awarded a one of a kind Tom Philabaum glass creation at the ceremony.

The 2019 Common Ground Award Finalist Projects and Programs are:

• Arizona Drought Contingency Plan Process
• Benedictine Monastery Development
• City of Tucson Planning and Development Services Department Tech Tools
• DM50 Military Spouse Employment Initiative
• Doubletree by Hilton at the Tucson Convention Center
• H.S. Lopez Family Foundation Center for Opportunity
• The Monier Building
• NOVA Home Loans Arizona Bowl
• Pima County/City of Tucson Opportunity Zones
• Pima JTED Innovative Learning Campus
• Pima Medical Institute Consolidated Campus
• Project Ina Business Support Program
• Reactivation of Jacome Plaza
• Rule B Fix Legislation (S.B. 1248)
• Saguaro Surgical Expansion in Harold Bell Wright Estates
• Santa Cruz River Heritage Project
• The Union on 6th
• Town of Marana Sign Code Update
• Twin Peaks/Blue Bonnet Sewer Project
• Valencia/Kolb Road Intersection Improvement Project

ORO VALLEY, Arizona — Word is getting out about the plans for the former Platinum Fitness location at 7315 N Oracle Road, near the northwest corner of Ina and Oracle Roads in Oro Valley. Platinum Fitness closed in April 2019 and investors led by Larsen Baker and Volk Company teamed up to purchase the 53,000-square-foot property for an adaptive re-use development, as Oracle Ina Investors, LLC (Melissa Lal, manager) and SRP Two, LLC (Rick Volk, manager).

Originally built in 1985 by Steve Nanini, a prominent developer in Northwest Tucson, the property commanded a sale price of $3.7 million ($70 PSF). Bruce Romano of Romano Real Estate in Tucson, the asset manager for 30-years, represented the seller, Two Oracle Plaza, LLC.  Romano brought the deal to Lal prior to Platinum Fitness closing, knowing the creativity and experience needed for such a value-add property in order to bring it to its next level.  Romano continues to manage Cottonwood Plaza located across the street.

“When we heard about the project, we were immediately on board,” said Rick Volk, President of Volk Company.  “Not only is the location unbeatable and prime for redevelopment, at the key intersection serving all of northwest Tucson and the gateway to Oro Valley, but we also get to work with Larsen Baker, which is always a pleasure.  They are currently developing two of Tucson’s coolest projects, Grant Modern (at 2502-2510 E Grant Road) featuring Snooze and Postino and the former Gallery Row at Skyline and Campbell.”

Previews of the rendering show a dramatic re-imagining of the multi-story project.  The garden level, consisting of 17,000-square-feet faces Tohono Chul Park to the west, and mountains to the north, it will feature new windows, façade and entries, taking advantage of the views and the grade level parking.  A lease is being finalized for 10,000-square-feet. The second floor, almost fully leased with two spaces remaining, will remain offices.

Patios will be added to the main floor facing Oracle Road, and discussions are underway with restaurants, fitness and lifestyle uses, ranging in size from 2,000 square feet to 10,000-square-feet, that will take advantage of the visibility, location and parking field.

“Even though we know the market, as our two companies have been involved in numerous restaurant and fitness projects, the level and intensity of interest from users has been beyond our expectations,” said Volk.  “We want to transform this sleepy property into something that will serve the town of Oro Valley and we can all be proud of.”

The redevelopment project will be in the range of several million dollars when completed.

Seaver/Franks Architects Inc are preparing plans for submittal to the Town of Oro Valley, with the hope of having construction underway later this year.

For more information, Romano is reachable at 520.577.1000, Volk can be contacted at 520.495.2242 and Lal should be reached at 520. 296-0200, ext. 213.

To learn more, see RED Comp #7066.