The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of April 27 thru May 1, 2015.
RETAIL – 2936 E. THOMAS ROAD, PHOENIX, AZ.
Octane Fitness leased 4,725-square-feet at 2936 E. Thomas Road in Phoenix, AZ. The owner of the center is IRA Admin, Inc. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.
RETAIL – ACOMA DR. & SCOTTTSDALE ROAD, SCOTTSDALE, AZ
Michael Clark and Darren Pitts with Velocity Retail represented Mattress Firm in a second transaction for Mattress Firm this month for a 3,800-square-foot location at the northeast corner of Acoma Drive and Scottsdale Road in Scottsdale, AZ. The landlord of this redeveloped building is SJJ Development, who was represented by Chris Hollenbeck at DTZ. This location is expected to open in the 2nd quarter of this year.
RETAIL – NWC ELLIOT & ARIZONA AVENUE, CHANDLER, AZ
Velocity’s Brian Gast represented Courage Honor Strength Brazilian Jiu-Jitsu in a 2,880-square-foot three-year lease at Pollack Plaza at the northwest corner of Elliot and Arizona Avenue. The tenant is expected to open in the 2nd quarter of 2015.
RETAIL- CHANDLER SHOPS NEC LOOP 202 & CHANDLER VILLAGE, CHANDLER, AZ
Larry Miller, John Jackson and Michael Clark of Velocity Retail represented the Landlord, Chandler in the Spotlight in a 2,500-square-foot lease at The Chandler Shops, located at the northeast corner of Loop 202 and Chandler Village Drive. The tenant, LDVinci Art Studio signed a 7-year lease and plans to open in August of 2015. This is a relocation of an existing store.
RETAIL – ARROWHEAD FESTIVAL, NEC BELL & 75TH AVENUE, PHOENIX
Nick Ault of Velocity Retail represented Floyd’s 99 Barbershop in their first corporate store lease in the Arizona market. The 1,500-square-foot store will be located at Arrowhead Festival at the northeast corner of Bell Road and 75th Avenue in the former Starbuck’s building. The tenant is planning on opening in the 3rd quarter of this year, with a 10-year term.
RETAIL – NEC GREENWAY ROAD & LOOP 303, SURPRISE, AZ
John Jackson and Larry Miller of Velocity represented the landlord, AEGON USA Realty Advisors, LLC in a 1,447-square-foot 5-year transaction with The Decal Shoppe in the Greenway Crossings shopping center located at the northeast corner of Greenway Road and Loop 303 in Surprise, Arizona. This is the first retail location for the tenant, which is expecting to open in May of this year.
RETAIL – NWC NORTHERN & LOOP 101, PHOENIX, AZ
Velocity Retail Group’s Larry Miller and John Jackson represented the landlord, Howard Hughes Corporation on a 1,400 square foot lease to Mystic Nails. The new store is a 5-year renewal of an existing lease and is located at the northwest corner of Northern and Loop 101 in the Park West shopping center.
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