PHOENIX, ARIZONA — Highlighted this week is an 8,825-square-foot lease handled by Laurel Lewis of NAI Horizon for Southwest Behavioral Health Services.

The following lease transactions were submitted to the Real Estate Daily News as consummated from March 14-18, 2022.

Laurel Lewis of NAI Horizon represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 8,825 SF at 1255 W. Baseline Road, Mesa, AZ. The landlord, 1255 Baseline, LLC, was self-represented.

Matt Harper, CCIM, of NAI Horizon represented the landlord, AJL Properties, LLC, in a 66-month retail lease for 3,220 SF at 1619 N. Dysart Road, Avondale, AZ. The tenant, Affordable Care, LLC, was represented by Ryan Tanner with JLL.

Matt Harper, CCIM, of NAI Horizon represented the landlord, Glenn & Sandra Miller Trust, in a 60- month retail lease for 3,000 SF at 3061 W. Apache Trail, Apache Junction, AZ. The tenant, Cell Shop Inc., was represented by Ryan Tanner with JLL.

Matt Harper, CCIM, of NAI Horizon represented the landlord, Cameron 2, LLC & Turney-Encanto Apartments, LP, in a 60-month retail lease for 2,450 SF at 2501 E. Indian School Road, Phoenix, AZ.  The tenant, Zong Trading Group, Inc., was self-represented.

Mike Myrick of NAI Horizon represented the landlord, Lalani Family Trust, in a 65-month medical lease for 2,268 SF at 9500 E. Ironwood Square Drive, Scottsdale, AZ. The tenant, EBS Enterprises, LLC, was represented by Jeff Shehan with Site Selection Group.

Jeff Adams of NAI Horizon represented the tenant, Air Zip Enterprises, LLC, in a 12.5-month industrial lease for 2,160 SF at 6900 S. Priest Drive, Tempe, AZ. The landlord, Pegasus Tempe Owner, LLC, was represented by David Bean and Leroy Breinholt with Commercial Properties Inc.

Jim Edwards & Kevin Roessler of Rein & Grossoehme represented the landlord in a lease for 1,603 SF in One Stop Plaza to Casa de la Moneda was recently consummated. The location of the property is 1610 N. 36th St., in Phoenix, AZ.

Matt Harper, CCIM, of NAI Horizon represented the landlord, Acquin Properties, L.P. and FLA Investments, LLC, in an 84-month retail lease for 1,380 SF at 4312 W. Cactus Road, Phoenix, AZ. The tenant, Los Tacos Malcriados, LLC, was represented by Jaime Hernandez with Global Fund Real Estate Group.

Matt Harper, CCIM, of NAI Horizon represented the landlord, Chahoud Family Trust, in a 36-month retail lease for 1,353 SF at 2829 E. University Drive, Mesa, AZ. The tenant, Norman Sharak, was self-represented.

Kevin Roessler & Jim Edwards of Rein & Grossoehme represented the owner and tenant in a lease for 1,300 SF in Southern 19 Plaza to Slow N Low Tattoo was recently consummated. The location of the property is 1717 W. Southern Ave., in Phoenix, AZ.

Jake Ertle and Nic Chavira of Rein & Grossoehme Commercial Real Estate represented the owner and Adrienne Bryant of Bryant Commercial Real Estate represented the tenant in a lease for 1,159 SF in South Mountain Plaza to Value Taxes was recently consummated. The location of the property is 6044 S 16th St in Phoenix, AZ. The owner of the center is HH – South Mountain, LLC.

Tom Bean, CCIM, and Laurel Lewis of NAI Horizon represented the landlord, State Bar of Arizona, in a 24-month office lease for 1,073 SF at 4201 N. 24^th St., Phoenix, AZ. The tenant, The Ramos Injury Firm, was represented by Tanner Digby with Digby Commercial Advisors.

Joe Pequeno and Troy Giammarco of NAI Horizon represented the landlord, Falcon Corporate Center, LLC, in a 25-month office lease for 888 SF at 4711 E. Falcon Drive, Mesa, AZ.  The tenant, Modern Receptionist was self-represented.

Matt Harper, CCIM, of NAI Horizon represented the landlord, Yee Legacy II, LLC., in a 36-month retail lease for 813 SF at 18914 E. San Tan Blvd., Queen Creek, AZ.  The tenant, Alisha Gilliam Photography, LLC,  was self-represented.

Tom Bean, CCIM, and Matt Harper, CCIM, of NAI Horizon represented the landlord, Fiesta Crossing, LLC, in a 39-month select lease for 630 SF at 1660 S. Alma School Road, Mesa, AZ. The tenant, Dennis Cammack, was self-represented.

John Filli and Jennifer Loehnert of NAI Horizon represented the tenant, Kinetetsu World Express (USA) Inc., in a 36-month office lease at 3133 W. Frye Road, Chandler, AZ. The landlord, Cowork Chandler, LLC, was represented by Philip Cohen with Workuity.

Submit sales and leases to [email protected]

Phoenix, Arizona – CBRE announced Becton, Dickinson and Company, a medical technology company, added 32,917-square-feet at the IDEA Tempe campus in Arizona.

Becton, Dickinson and Company, the building’s original tenant, signed a 165-month lease for the additional square footage. It adds to the 120,000-square-feet the company already occupies at IDEA. CBRE’s Sean Spellman and Lauren Lovell represented the landlord, The Boyer Company, in the transaction.

IDEA Tempe, located at 850 W Rio Salado Pkwy, is an 18-acre site featuring an existing 185,000–square-foot Class A office building with a detached parking structure and four future office phases totaling 800,000 additional square feet. A buildout of the project will also include the potential for ancillary restaurant and retail space as well as a future hotel or multifamily development. The site is located adjacent to Tempe Town Lake and the Tempe Center for the Arts.

This latest lease brings Phase I occupancy to 97.4 percent.

“After having our grand opening one week before COVID shut the world down, we are excited to now have an essentially fully leased office building and to be looking ahead to our next phase of the overall development,” said Boyer’s Matt Jensen. “We are currently planning our second office building, which will offer open floor plans, covered parking, easy freeway access and high visibility. It will be a nice addition to our project and the Tempe office market.”

TUCSON, ARIZONA – Meritage Homes and DR Horton recently purchased a combined total of 227-lots recently in the Hanson Ridge area of Vail for an aggregate amount of $14.7 million.

The new Meritage community consists of 126-lots, all 40’ wide, in the subdivision known as Pabst Ridge for $7,812,000 ($62,000 per lot). This transaction closed on February 25^th.

D.R. Horton closed on an addition 101-lots with a mixture of 40’ and 50’ wide in the subdivision of Weissman Ridge for $6,897,500 ($68,000 per lot). This transaction closed on March 11^th.

According to Redfin, in February 2022, Vail home prices were up 19.4% compared to last year, selling for a median price of $375,000. On average, homes in Vail sell after 43 days on the market compared to 44 days last year. There were 47 homes sold in February this year, down from 55 a year ago.

Both Meritage and DR Horton have been building in this area for some time. These new expansions will add to their offerings at Hanson Ridge, located along E Old Vail Rd, set against the stunning backdrop of the Rincon Mountains and within the highly sought-after Vail School District.

Dan Feig with Chapman Lindsey Commercial Real Estate Services handled both sales for buyers and the seller, Vail UPRR South, LLC and Vail UPPR Russo, LLC or Tucson, Duff Hearon, manager.

For more information, Feig should be reached at 520.747.4000 ext. #103.

To learn more, see RED Comps #9677 and #9711.