The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from March 3 thru 8, 2019.
RETAIL - Valvoline Instant Oil Change Finalizes Gilbert Store
Dave Cheatham, Darren Pitts, and Brian Harpel of Velocity Retail represented Valvoline Instant Oil Change on a ground lease of approximately 34,850-square-feet of land at the northeast corner of Pecos and Val Vista Roads in Gilbert. VOIC will build their 2,100-square-foot prototype building. Brian Gast, also of Velocity Retail represented the Landlord, WNDG, LLC in the transaction.
RETAIL - Tempe Vacant Big Box to Become Central Christian Church
Brian Gast of Velocity Retail Group represented the Tenant, Central Christian Church in a 17,200-square-foot lease in Royal Palms Plaza located at the southeast corner of Elliot Road and McClintock Road in Tempe, Arizona. The Landlord was Michael Pollack of Pollack Investments, Mesa, Arizona. The church signed a ten-year lease in the shopping center and is expected to open in August of 2019. This will be their sixth location in the Valley.
RETAIL - Scottsdale Big Box to Become Kitchen United
Darren Pitts, Brian Gast and Brad Ranly of Velocity Retail Group represented the Landlord, C & H Development Company in 14,412-square-foot lease at Scottsdale Commons shopping center located at the southwest corner of Shea Boulevard and Scottsdale Road. Kitchen United, Inc. will be occupying the vacant space adjacent to BevMo. The tenant was represented by Todd Folger and Jami Gray from CBRE.
INDUSTRIAL - 2210 & 2218 E. Adams St., Phoenix
NAI Horizon's Jay Olson represented the landlord, Gerald M. Olson and Diane M. Olson, in a 61-month industrial lease for 7,850-square-feet at 2210 & 2218 E. Adams St., Phoenix, AZ. Max Schumacher with Rein & Grossoehme represented the tenant, Short Equipment, Inc.
OFFICE - 2525 W. Frye Rd., Chandler
NAI Horizon's Laurel Lewis represented the tenant, Medicus IT, LLC, in a 77-month office lease for 7,303-square-feet at 2525 W. Frye Rd., Chandler, AZ. Mike Beale with Cushman & Wakefield represented the landlord, Frye Road Two, LLC.
RETAIL - Lure Fish House Enters Arizona Market
Southern California-based Lure Fish House is expanding to the State of Arizona. Velocity Retail Group’s Darren Pitts, Morgan Danhoff and Bret Olson are representing the tenant in the market launch. The team has recently finalized the first store at The Shops at Gainey Village, located at the southeast corner of Doubletree Ranch Road and Scottsdale Road. This will be the fifth location for the popular restaurant. The new 6,336-square-foot restaurant will be in Suite 402 situated at the main entrance to the center and fronting Scottsdale Road. The opening is scheduled for the Fall of 2019.
RETAIL - My Salon Suite Expands in Gilbert
Dave Cheatham and Bret Olson of Velocity Retail represented My Salon Suite in a 5,972-square-foot location at the southeast corner of Germann and Gilbert Roads in Gilbert, AZ in the Crossroads Towne Center. The shop is expected to open in April 2019. The Landlord was Mark IV Capital was represented by Western Retail Advisors.
OFFICE - 20470 N. Lake Pleasant Rd., Peoria
NAI Horizon's Tyler Smith represented the landlord, Sun Grove Medical, LLC, in an 84-month office lease for 5,045-square-feet at 20470 N. Lake Pleasant Rd., Peoria, AZ. Randy Kicklighter with Green Street Commercial represented the tenant, T.E.A.M. 4 Kids, LLC.
RETAIL - 1840 E. Warner Rd., Tempe
NAI Horizon's Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in an 87-month retail lease for 4,065-square-feet at 1840 E. Warner Rd., Tempe, AZ. Sean Bishop with Lee & Associates represented the tenant, Plato’s Closet.
RETAIL - High Street Gains Four New Tenants
The Velocity team of Darren Pitts, Brian Gast and Dean Ingram represented the Landlord, High Street Buildings, LLC in four recent leases. Among the tenants are three restaurants including a new concept for a boozy breakfast and brunch and an alternative sports performance studio.
Following is a description of each retailer:
- Hula’s Modern Tiki restaurant will soon be opening their third locally owned location in the Phoenix area. They will be occupying 3,860-square-feet in the 5450 E. High Street building directly across the drive from Modern Margarita. For years Hula’s has been offering a modern twist on the classic tiki bars and restaurants of the 50’s and 60’s. The extensive menu is a fusion of Polynesian and American flavors and has something for everyone. Cushman & Wakefield’s Adam Madison represented the tenant in the transaction. [www.hulasmoderntiki.com]hulasmoderntiki.com
- Inchin Bamboo Garden, a sit-down Pan Asian cuisine concept will be occupying 3,000-square-feet directly across the drive from Sprouts. The national restaurant with several locations throughout the U.S. offers “feel good” street food with the influence of flavors from the finest restaurants found within the big cities of China. They also serve Halal Food and offer an extensive menu. [www.bamboo-gardens.com]bamboo-gardens.com
- Boozy Breakfast will occupy 4,000-square-feet across the drive from Ocean Prime. The restaurant was created by an already successful local breakfast and lunch operator that has mainly focused on the business crowd. They will have a new spin on breakfast, brunch and lunch while complementing the meals with cocktails, mimosa’s and other offerings.
- From Energy will open in 1,800-square-feet and is a wellness, beauty and performance studio that delivers energy to the human body through an artificial intelligence guided technology. They focus on all natural alternatives to beauty as opposed to Botox and surgeries, helping their clients look beautiful and perform better from within. The concept was founded by former professional athletes with an impressive list of sports-oriented clientele. fromenergy.com
RETAIL - 3415 W. Glendale Ave., Glendale
NAI Horizon's Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Top Laundry, LLC, in a 120-month retail lease for 3,000-square-feet at 3415 W. Glendale Ave., Glendale, AZ. Donna Reece with Zell Commercial Real Estate Services, Inc. represented the landlord, Pro’s Ranch Market, LLC.
OFFICE - 4515 S. McClintock, Tempe
NAI Horizon's Tom Bean, CCIM, represented the landlord, Tempe CC, LLC, in a 36-month office lease for 2,780-square-feet at 4515 S. McClintock, Tempe, AZ. Matt Cummings with Keyser represented the tenant, Caerus Marketing Group, LLC.
OFFICE - 1626 North Litchfield Rd., Goodyear
NAI Horizon's Tyler Smith represented the landlord, Pacifica Palm Valley Center, LP, in a 38-month office lease for 2,342-square-feet at 1626 North Litchfield Rd., Goodyear, AZ. Phil Tomlinson with Commercial Properties, Inc. represented the tenant, Libertas Real Estate, LLC.
OFFICE - 201 W. Guadalupe Rd., Gilbert
NAI Horizon's Joan Krueger represented the tenant, Regenerative Performance, PLLC, in a 62-month medical office lease for 2,200-square-feet at 201 W. Guadalupe Rd., Gilbert, AZ. Steve Berghoff with Menlo Group represented the landlord, GilbertAZ Properties, LLC.
RETAIL - 1241 E. Broadway Rd., Mesa
NAI Horizon's Matt Harper, CCIM, represented the landlord, Hillcrest Plaza, LLC, in a 37-month retail lease for 2,100-square-feet at 1241 E. Broadway Rd., Mesa, AZ. The tenant, Touch of Love Church, UHCA, represented themselves.
OFFICE - 3200 N. Central Ave., Phoenix
NAI Horizon's Tyler Smith, Joe Pequeno and Troy Giammarco represented the tenant, Hynes Benefit Consulting, LLC, in a 66-month office lease for 1,584-square-feet at 3200 N. Central Ave., Phoenix, AZ. Jimmy Cornish with CBRE represented the landlord, ROC III, DPC 3200 North Central, LLC.
RETAIL - Kay Jewelers to Open in Avondale
Velocity Retail’s Dave Cheatham and Morgan Danhoff represented the tenant, Sterling Jewelers Inc, the parent company of Kay Jewelers on a 1,504-square-foot lease at Gateway Pavilions shopping center located at the northwest corner of McDowell Road and 99th Avenue. Western Retail Advisors represented the Landlord, RPAI Southwest in the trandsaction.
RETAIL - Sharetea Bubble Tea Shop to Open 1st Arizona Location
Brian Gast and Brad Ranly of Velocity Retail represented the Landlord, Ethan Christopher, LLC in negotiating a 1,080 square foot lease to Sharetea Bubble Tea Shop. This is the first location in Arizona for the international concept which can be found in 18 countries and 9 states throughout the U.S. www.1992sharetea.com
RETAIL – SOUTHERN & MILL AND MISSOURI & 7TH AVE. PHOENIX
d’Lite Healthy On The Go Expands to Tempe and Phoenix
Brian Gast of Velocity Retail represented the Landlord, Ethan Christopher, LLC in negotiating a lease to d’Lite Healthy On The Go for 2,000-square-feet at the southeast corner of Southern and Mill Avenue. The location is expected to open in June of this year.
- A second location was negotiated at the northwest corner of Missouri and 7th Avenue for 3,620-square-feet. The Landlord, F & S Management II, LLC was represented by Brian Gast. The new restaurant is expected to open in April of this year.
RETAIL - 41620 W. Maricopa-Casa Grande Highway, Maricopa
NAI Horizon's Chris Gerow and Patrick Anthon represented the landlord, The Pendola Family Trusts Partnership, in a 72-month retail lease for 1,300-square-feet at 41620 W. Maricopa-Casa Grande Highway, Maricopa, AZ. Tom Wolf with West USA Realty Scottsdale represented the tenant, Troy and Kathy Mauser.
OFFICE - 18001 N. 70th Ave., Glendale
NAI Horizon's Tyler Smith represented the landlord, Arrowhead 79th, LLC, in a 60-month office lease for 1,276-square-feet at 18001 N. 70th Ave., Glendale, AZ. Kristi Phelps-Miller with DPR Commercial represented the tenant, Rise Above Support Services, LLC.
RETAIL - 11001 N. 99th Ave., Peoria
NAI Horizon's Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 37-month retail lease for 1,107-square-feet at 11001 N. 99th Ave., Peoria, AZ. The tenant, Jewel’s Hair, LLC, represented themselves.
RETAIL - 1840 W. Warner Rd., Tempe
NAI Horizon's Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in a 60-month retail lease with To the Nines Barbershop for 1,100-square-feet at 1840 W. Warner Rd., Tempe, AZ.
OFFICE - 3240 E. Union Hills Dr., Phoenix
NAI Horizon's Dylan Whitwer and Laurel Lewis represented the tenant, Edefi Solutions, LLC, in a 37-month office lease for 840-square-feet at 3240 E. Union Hills Dr., Phoenix, AZ. Michael Scott with MAS-9375 represented the landlord, Union Hills Centre c/o MAS-9375.
RETAIL – 3601 W CAMELBACK RD, PHOENIX,
A lease for 800 square feet in GC Plaza to Glam Divine Boutique was recently consummated. The location of the property is 3601 W Camelback Rd. in Phoenix, AZ. The owner of the center is JARM, LLC. Nic Chavira of Rein and Grossoehme Commercial Real Estate represented the owner and the tenant.
RETAIL - 4170 N. 35th Ave., Phoenix
NAI Horizon's Matt Harper, CCIM, represented the landlord, Semo Venture Group, in a 13-month retail lease for 750-square-feet at 4170 N. 35th Ave., Phoenix, AZ. The tenant, Latino Money Services, represented themselves.
OFFICE - 2266 S. Dobson Rd., Mesa
NAI Horizon's Dylan Whitwer and Laurel Lewis represented the tenant, Waste Technology Services, Inc., in a 36-month office lease at 2266 S. Dobson Rd., Mesa, AZ. The landlord, Regus, represented itself.
OFFICE - 21640 N. 19th Ave., Phoenix
NAI Horizon's Dylan Whitwer and Laurel Lewis represented the tenant, David Aitchison, in a 12-month office lease for 450-square-feet at 21640 N. 19th Ave., Phoenix, AZ. The landlord, Garden Acres Partnership, LLC, represented themselves.
RETAIL - 1241 E. Broadway Rd., Mesa
NAI Horizon's Matt, Harper, CCIM, represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 420-square-feet at 1241 E. Broadway Rd., Mesa, AZ. The tenant, Jorge Velasco Garcia & Esperanza Maqueda Ramon, represented themselves.