Phoenix Commercial Leases December 12-16, 2016

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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