PHOENIX, ARIZONA (June 27, 2024) – NAI Horizon facilitated the second long-term retail lease at a historic building in Downtown Phoenix, this time securing space for a local organization that provides the opportunity for small businesses to showcase their products and services to the public and develop ideas on a larger, and more consistent stage.
NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, represented the landlord, CPLC (Chicanos Por La Causa) Pickle House, LLC, in the $3.01 million, long-term lease at the CPLC Pickle House Makerspace Business Incubator at 1401 E. Van Buren St., in Phoenix.
Garza Walker also represented the tenant, Archwood Community Resource Empowerment Strategy (ACRES), which will take 13,107 SF, the entire North Building.
The business incubator provides a platform for entrepreneurs from disadvantaged backgrounds to succeed. Built in the 1920s as a family-owned pickle factory, the Arnold Pickle House sat vacant for years until CPLC purchased it in 2018. CPLC renovated the building with grant funds from the state to foster more opportunities for small businesses.
“Once again NAI Horizon is honored to be a partner in the redevelopment of an iconic location that will serve the community with an art gallery, art exhibitions, educational workshops, day camps, event space, and co-working space,” Garza Walker said.
ACRES was established in 2016 by a group of entrepreneurs and organizers with a goal of increasing the presence and vitality of Black-owned businesses in Arizona. In May of 2017 it started hosting monthly community gatherings known as “The Buy Black Marketplace.” Through its monthly marketplaces, educational opportunities, and growing network, ACRES has been able to support the growth and development of more than 200 Black-owned businesses in the Phoenix Metro service area.
Founded in 1969, CPLC provides services to people of all backgrounds while honoring its Mexican-American roots. It facilitates growth through five areas of impact: health and human services; housing; education; economic development; and advocacy.
In December 2023, Garza Walker represented CPLC in the initial long-term lease for 4,378 SF by Paws 48, an indoor dog park.