The following leases in the Phoenix metro area were reported to the Real Estate Daily News' Phoenix Lease Report for the Week June 30- July 4, 2014:
RETAIL – SWC ARIZONA AVE & RIGGS RD. CHANDLER, AZ
Goodwill Industries will be opening a new retail storeat the southwest corner of Arizona Avenue and Riggs Road in Candler, AZ. Andy Kroot of Velocity Retail Group negotiated the ten-year lease of 27,600-square-feet on behalf of the tenant. The landlord, Greenway 32, LLC, was represented by Bob Rusing of Arizona Partners Retail.
OFFICE – NEC CAMELBACK & LOOP 101, GLENDALE, AZ
Integrity Staffing leased a 6,005-square-foot free-standing building at the Agua Fria Towne Center, located at the northeast corner of Camelback Road and Loop 101 in Glendale, AZ. Velocity Retail Group’s Judi Butterworth, Nick Ault, and Michael Clark represented the landlord. The tenant was represented by Michael Prochelo of Financial Management Group.
RETAIL – NWC I-17 & DUNLAP AVE., PHOENIX, AZ
Denny’s Restaurants was represented by Andy Kroot of Velocity Retail in the 10-year least of 5,695-square-feet at the NWC of I-17 and Dunlap Avenue, in Phoenix, AZ. The Winco/Conn’s Shopping Center was represented by Gordon Keig of Kornwasser Properties.
RETAIL – NEC CHANDLER BLVD. & CHANDLER VILLAGE PKWY.
Darren Pitts of Velocity Retail Group represented Uptown Cheapskate in a five-year lease of 4,056-square-feet at Chandler Gateway shopping center located at the northeast corner of Chandler Boulevard and Chandler Village Parkway. The landlord is Chandler Gateway SPE, LLC. The retailer is a sister company of Kid to Kid, and will focus on teen and tween resale and new clothing and accessories. The store is planning to open by 3rd quarter of this year.
RETAIL – SW HAPPY VALLEY RD & 19th AVE., PHOENIX, AZ
Larry Miller and John Jackson of Velocity Retail Group represented The Sherwin Williams Company in the ten year lease of 4,000-square-feet West of the Southwest corner of Happy Valley Road and 19th Avenue in Phoenix, AZ. The landlord, Happy Valley Towne Court, was represented by Jerry Roberts of NNN Amercia. The lease represents the first of several stores Sherwin Williams plans to open in 2015, as they expand their North Phoenix footprint.
RETAIL – NEC THUNDERBIRD & 32nd STREET, PHOENIX
Nick Ault of Velocity Retail Group represented Yummi Sushiin a three-year lease of 3,797-square-feet at the northeast corner of Thunderbird Road and 32nd Street in Phoenix, AZ. The landlord was represented by Reuel Couch of The Restaurant Brokers.
RETAIL – NEC BASELINE RD. & VAL VISTA, GILBERT, AZ
Velocity Retail Group represented Tokyo Joe’s in a ten-year lease of 2,500-square-feet north of the northeast corner of Baseline Road and Val Vista Drive in Gilbert, AZ. The landlord was represented by Trent Rustan of Commercial Properties. A second Tokyo Joe’s was also signed at Chandler Pavilions at the southeast corner of Ray Road and Interstate 10 in Chandler. The 2,500-square-foot store will be opening in the former Barbeques Galore space during the 3rd quarter. The landlord was represented by Cliff Johnston of Cassidy Turley BRE.
RETAIL – NEC WARNER & ALMA SCHOOL RD., CHANDLER, AZ
Representing the landlord at the Sun Village Fair Shopping Center at the NEC of Warner Road and Alma School Road in Chandler, AZ, Michael Clark, John Jackson, and Larry Miller of Velocity Retail Group leased a 1,507-square-foot space to Third Party MVS Services on a five year lease. Sun Village Fair is one of eleven valley centers that Velocity Retail Group represents for owner NorthStar Realty Finance Corp.
OFFICE – 166-A NORTH OLD LITCHFIELD RD., PHOENIX
The Charity Realty Group signed a three (3) year lease at 116-A North Old Litchfield Road, Litchfield Park, AZ for 1,479-square-feet of office space. Bobbie Lorraine Mastracci of Phoenix West Commercial, LLC represented the Landlord in this transaction. The tenant was represented by Luce Signature Properties.
RETAIL – SEC THOMAS RD. & 75th AVE, PHOENIX, AZ
Westfest LLC, owners of Desert Sky Festival located at the southeast corner of Thomas Road and 75th Avenue recently completed a 3-year lease with CFC financial for a 1,200-square-foot space. Judi Butterworth from Velocity Retail, and Paul Serafin of De Rito Partners co-listed the project and negotiated on behalf of the Landlord.
RETAIL – SWC LINDSAY & GERMANN RD, GILBERT, AZ
Larry Miller and John Jackson of Velocity Retail represented Edward Jones Investments in the five year lease of 1,100-square-feet at Lindsay Groves on the SWC of Lindsay Road and Germann Road in Gilbert, AZ. The landlord was represented by Matt Zaccardi of CPI. Edward Jones Investments plans to relocate their Gilbert office to the new location in October of this year.
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