The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of June 1 thru 5, 2015.
INDUSTRIAL – 2120 W. GUADALUPE RD., GILBERT, AZ.
A 10-year, 45,000-sqaure-foot lease was signed at 2120 W. Guadalupe Rd., in Gilbert for $3,207,600. Paragon Vision Sciences, currently in Mesa, is the new tenant and will occupy half the structure which was built in 1995. Move-in is expected sometime in Q3 2015. With this transaction, the building is 100% leased. Stein Koss and Tom Louer, both principals with Lee & Associates negotiated on behalf of AZCAL, LLC of Redondo Beach, CA. Larry Miller, Jr. represented Velocity Retail Group on behalf of Paragon. The property is situated on 5.91 acres and features heavy power, 24’ clear height, 3 grade level and 4 dock high doors. The building sits just off of Guadalupe Rd. and Arizona Ave. and minutes to Loop 101. Paragon Vision Sciences has estimated an October 2015 opening date for the new location.
RETAIL – NE CORNER of 32nd STREET and GREENWAY AVE., PHOENIX, AZ.
Arizona Greenway Hirani Investments, LLC entered into a 10-year lease of a 6,000-square-foot building to Humana’s Iora Health. Located at the northeast corner of 32nd Street and Greenway Avenue in Greenway Park Plaza, this new clinic helps Humana expand their Iora Health brand into North Phoenix. DTZ’s. Dev Gupta represented Humana in the transaction; which is set to open in October of 2015. Stein Koss and Tom Louer, both principals with Lee & Associates negotiated on behalf of Arizona Greenway Hirani Investments.
RETAIL – 624 W. BROADWAY RD., MESA, AZ.
A lease for 4,077-square-feet at Broadway Mesa Center at 624 W. Broadway Rd in Mesa, AZ to Eclectic Furniture was recently consummated. The owner of the center is Broadway Mesa Center, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.
RETAIL – SW CORNER of 75th AVE., and BELL RD., PHOENIX, AZ.
Michael Clark and Darren Pitts at Velocity represented Mattress Firm in the leasing of a 10-year, 4040 square foot space on the southwest corner of 75th Avenue and Bell Road. The landlord is a venture formed by Wadsworth Development and Accelerated Development Services. The store is expected to open in the fourth quarter of 2015.
RETAIL – NW CORNER of SHEA BLVD. and 32nd STREET, PHOENIX, AZ.
Larry Miller, John Jackson, and Michael Clark at Velocity represented NorthStar Retail in the lease of a 3,184-square-foot space to Shea Animal Hospital in Phoenix. This relocation is next door to their existing facility in Shea Plaza III, at the northwest corner of Shea Blvd., and 32nd Street. Their former location is being razed to make way for a new mid-rise apartment complex. The new hospital is expected to open by September of 2015.
RETAIL – SE CORNER of COOPER RD., and BASELINE RD., MESA, AZ.
Velocity’s Larry Miller, John Jackson, and Brian Gast teamed up to represent Val Vista Village Square, LLC in the lease of a 2,400-square-foot space to Susie’s Wigs. This is a relocation of the business to the southeast corner of Cooper Road and Baseline Road in Mesa. Susie’s Wigs was represented by Jane Lee with DPR Commercial in the 5 year deal which is set to open this month.
RETAIL – 10659 W. GRAND AVE., SUN CITY, AZ.
A lease for 1,325-square-feet at 10659 W. Grand Ave in Sun City, AZ to Milan Co. Enterprises was recently consummated. The owner of the center is Kings Inn of Sun City, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.
RETAIL – TATUM BLVD., and DYNAMITE RD., CAVE CREEK, AZ.
A lease for 1,307-square-feet at Tatum Blvd. & Dynamite Rd. in Cave Creek, AZ to LC’s Tae Kwan Do was recently consummated. The owner of the center is Bengin, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and Bryan Lamond of Concrete Commercial represented the Landlord on this transaction.
RETAIL – NE CORNER of 7th STREET and MISSOURI AVE., PHOENIX, AZ.
Velocity Retail Group Represented V’s Barber Shop leased a 1,200-square-foot space on the northeast corner of 7th Street and Missouri Avenue in the Cinema Park Shopping Center. Addition information was not provided.
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