The following leases were reported by DeRito Partners for the Phoenix Lease Report of the Real Estate Daily News for the Week of March 17 - 21, 2014.
Dollar Tree finalized a 7-year lease for 9,145-square-foot at Anthem Eastside Shops at the northwest corner of Anthem Way and Venture Drive. Larry Miller and John Jackson of Velocity Retail Group represented the Landlord, DPC Development Company in the transaction. The tenant was represented by Kurt Kalocin of SRS Real Estate Partners. The store is planning on opening September 1, 2014. “Dollar Tree has been seeking a site in the Anthem trade area for some time,” said Miller. “Finding suitable real estate to accommodate their size has been the challenge. Our Landlord was able to relocate an existing tenant in order to create the space for Dollar Tree,” he added. “By working through our brokerage team at Velocity Retail we were able to creatively find a solution that works for Dollar Tree and our ownership group. This new tenant brings our center to almost full occupancy,” said Justin Lutgen, Acquisition Manager for DPC Development. “Dollar Tree will be a great asset to the residents of Anthem for their daily shopping needs,” he added. Dollar Tree is a discount variety store that sells items for $1. The company is headquartered in Chesapeake, Virginia and operates over 4,900 stores in the United States and Canada.
The Brezo Group, dba AZ Sting Basketball, signed a 7 year lease for 12,000 sq/ft of retail space at the W/SWC of Arizona Ave. & Warner in Chandler. Andrienne Bryant of Bryant Commercial Real Estate represented the tenant the landlord was represented by Palm Court Investments LLC.
Loree Rolnick dba Smart Key Solutions, signed a 3 year lease for 800 sq/ft of retail space at the W/SWC of Baseline & Gilbert in Mesa. Adrienne Bryant of Bryant Commercial Real Estate represented the tenant, L&T Broadway Investments represented the landlord.
Saleh Awawda dba Greenway Smoke, signed a 13 month lease for 1,478 sq/ft of retail space at the W/SWC of 19th Ave. & Camelbacl in Phoenix. Adrienne Bryant represented the tenant, landlord was represented by Map My Gene, LLC.
Michael Eagan and Jerry Whitmire signed a 6 month lease for 300 sq/ft, of office space, # 214, at the W/SWC of Southern and 1855 E. Southern, Mesa. Adrienne Bryant represented the tenant and the landlord was represented by Freeport Investments, LLC.
Sean Tail signed a 11 month lease for 1500 sq/ft, of office space, # C140, at the NEC of 27th St. & T2720 E. Thomas Road, Phoenix. Adrienne Bryant represented the tenant and the landlord was represented by Freeport Investments, LLC.
Father's Inc. dba Metro PSC leased 1387 sq/ft, of retail space at the W/NWC of 19th Ave. & Ste. 102, Phoenix. Adrienne Bryant represented the tenant, the landlord was represented by Map My Gene, LLC c/o CR Property Services.
Venessa Villagomez leased 2500 sq/ft of office space, #C160, at the W/NWC of 27th St. & T2720 E. Thomas Rd., Phoenix. Adrienne Bryant represented the tenant, the landlord was represented by Freeport Investments, LLC.
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