PHOENIX, ARIZONA – NAI Horizon’s retail team negotiated a long-term lease on behalf of the landlord for a Party City location at The Market at Estrella Falls, 1981 N. Pebble Creek Parkway, in Goodyear, Arizona.
The NAI Horizon Retail Properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon represented the landlord, The Market at Estrella Falls LLC of Glendale, Arizona, in the lease transaction totaling $2.847 million.
“This will be a relocation from across the street,” Tworek said. “It’s a great complement to our existing soft goods users within the shopping center.”
Party City will occupy 15,068-square-feet at the Goodyear power center that totals 355,000-square-feet. Some of the retailers include Old Navy, Cal Ranch, T.J. Maxx Home Goods, Dollar Tree, and Petco.
The tenant, Party City Corporation of Rockaway, New Jersey, was represented by Neil Board of Western Retail Advisors.