RETAIL – SE CORNER of 35 AVE & GREENWAY, PHOENIX
A retail lease renewal for 7,020-square-feet within Greenway Village Square in Phoenix, AZ to Premier Children’s Center was recently consummated. The owner of the center is Southwestern Holdings, LLC. Jared Lively of Rein & Grossoehme represented both the Tenant and the Landlord on this transaction.
RETAIL – NW CORNER of QUEEN CREEK RD. AND HIGLEY RD., GILBERT
Cellular Sales of Arizona, LLC, leased 3,600-square-feet within Higley Pavilion at the northwest corner of Queen Creek Road and Higley Road in Gilbert, Arizona. The tenant’s space will be located in a pad building to be constructed in front of the shopping center. The tenant is an authorized dealer for Verizon Wireless. Jason Fessinger of Strategic Retail Group represented the landlord, Higley Pavilion, LLC. Brenna Lacey of Volk Company represented the tenant.
Phoenix’s Midtown office market remains a prime location for corporate tenants to grow and thrive at affordable rents, according to the Phoenix office of JLL and a recent 19,380-square-foot lease renewal and expansion completed at Central Arts Plaza on behalf of tax accountant and CPA firm Eide Bailly, LLP. Eide Bailly has occupied a full floor at the BMO Tower at Central Arts Plaza for more than a decade. With this renewal, they recommit to their Midtown presence, with plans to renovate their office space to accommodate growth and better serve clients across the region. The Phoenix office is one of 29 Eide Bailly locations serving more than 54,000 clients across the U.S. JLL Managing Director John Pierson and Associate Trevor Pratt represented Eide Bailly in the lease transaction. The building owner, McCarthy Cook & Co., represented itself in the negotiations.
“Eide Bailly originally chose this building for its proximity to downtown Phoenix, its adjacency to the metro freeway system, its rental economics and its professional image. After 10 years, the project still delivers these same advantages, along with a growing list of cultural and corporate amenities in Midtown,” said Pierson. “It is a great place for Eide Bailly to stay, and continue to grow, as it serves its clients.”
According to JLL’s 2016 Skyline report, Midtown Phoenix offers an attractive central location option for corporate tenants, and will remain so as rents in downtown Phoenix continue to rise – now sitting at an average $23.75 per-square-foot for Skyline space and an average $28.29 per-square-foot for trophy Skyline space.
Formerly known as Viad Corporate Center, BMO Tower at Central Arts Plaza is located at 1850 N. Central Ave. in Phoenix. It totals approximately 500,000 square feet of Class A space in 24 stories, making it Phoenix’s fifth tallest office building. Amenities at the project include an on-site café, outdoor lounge, fitness center, conference center, performing arts theatre and two-acre park amenity. Notable tenants in the tower include BMO Bank, Cavanaugh Law, Cramer-Krasselt, PWC and Stinson Leonard Street Law Firm.
RETAIL – 3308 N. McCLINTOK DR., PHOENIX
A retail lease renewal for 1,250-square-feet within 3308 N. McClintock Dr in Tempe, AZ to Affordable Framing was recently consummated. The owner of the center is McClintock, LLC. Jared Lively of Rein & Grossoehme represented both the Tenant and the Landlord on this transaction.