Phoenix skyline 450x250 LEASE REPORTThe following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from August 8 thru 12, 2016

RETAIL – LAKE PLESANT CROSSING, PEORIA
Brian & Tom Woods- Colliers represented Village Inn on a 15-year lease with Cypress at Lake Pleasant Crossing NEC Lake Pleasant Parkway & Happy Valley Road, Peoria, AZ, 85383 for 4,441-square-feet.  Alan Houston of SRS represented the Landlord.  Signed in July 2016.

RETAIL – 1649 S. STAPLEY DRIVE, MESA
Brian & Tom Woods- Colliers represented Lenscrafters on a 10-year lease with Vestar Development Co.  at Mesa Grand 1649 S. Stapley Drive, Suite 107, Mesa, AZ, 85204 for 2,902-square-feet.  Traci Russell of CBRE represented the Landlord.  Signed in August 2016.

RETAIL – 3765 S. GILBERT RD., GILBERT
Brian & Tom Woods- Colliers represented Vestar on a 10 year lease with My Pie Pizza Your Way at Crossroads Towne Center 3765 S. Gilbert Road #103, Gilbert, AZ, 85234 for 1,750-square-feet.  Chris Osborn and Ryan Moroney of Newmark Grubb Knight Frank represented the Tenant.  Signed in June 2016.

RETAIL – 288 E. GREENWAY PKWY., PHOENIX
Brian & Tom Woods- Colliers represented Nexus Development  on a 5 year lease with Discount Nutrition  at Bell Towne Plaza 288 E. Greenway Parkway #104, Phoenix, AZ, 85022 for 1,879-square-feet.  Scott Spier of Eisenberg Company represented the Tenant.

RETAIL – 4050 S. ALMA SCHOOL, CHANDLER, 3529 S. POWER RD, MESA, 11050 S. ARIZONA AVE. CHANDLER
On behalf of Black Rock Coffee Bar, the Phoenix office of JLL has completed three leases as part of the company’s Arizona market entry. Black Rock’s first three Arizona coffee shops will be located in Chandler and Mesa, in the eastern portion of metro Phoenix. Each will offer specialty coffee beverages and breakfast and lunch options, delivered in a neighborhood-centric atmosphere. “Our teams are fueled by serving people,” said Black Rock Coffee Bar Arizona Regional Manager Bobby Kaufmann. “That makes every new store – and especially an expansion into an entirely new state – a true honor. We look forward to building our presence in Arizona, establishing quality connections with its residents and becoming a part of their stories.”

Black Rock Coffee Bar’s first Arizona locations are:

  •  4050 S. Alma School Rd. in Chandler (Alma School Road & Ocotillo Road), opening October 2016.
  • 5329 S. Power Rd. in Mesa (Power Road and Ray Road), opening November 2016.
  • 1150 S. Arizona Ave. in Chandler (Arizona Avenue and Loop 202), opening March 2017.

“Black Rock has selected three excellent locations for their Arizona roll-out,” said JLL Senior Vice President Tyson Switzenberg, who represented Black Rock Coffee Bar in its Arizona leases. “Each is a highly visible, free-standing or end-cap drive through location, in the heart of an active community and surrounded by popular retailers. They have successfully planted their flag in Arizona, with more locations to come.”  Based in Portland, Oregon, Black Rock Coffee Bar currently operates 32 company-owned and franchise stores in Oregon, Washington and California. It is expanding in each of these markets and expanding the Black Rock concept in other Western states via its three new locations in Arizona and two new stores planned in Idaho. In Phoenix, the company is still actively looking for additional locations, with plans to open several more stores in the Valley over the next 12 months. Black Rock store interiors feature an industrial, modern and clean aesthetic. Each location serves single origin coffee, roasted in small batches and medium to dark blends. In addition to coffee, Black Rock Coffee Bars offer local pastries, smoothies, drinks for kids, juices and blended coffee drinks.

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