Phoenix Lease Report October 12 – 16, 2015

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The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of October 12 thru 16, 2015.

RETAIL – SWC RITTENHOUSE & ELLSWORTH RD., QUEEN CREEK
Brian & Tom Woods- Colliers International, represented Village Inn on a 15 year ground lease with Vestar Development for Pad D at Queen Creek Marketplace SWC Rittenhouse & Ellsworth Roads, Queen Creek, AZ for 44,955-square-feet.  Matt Milinovich with Strategic Retail Group represented the Landlord.

RETAIL – 2670 E. GERMANN RD., CHANDLER
Brian & Tom Woods- Colliers International, represented Vestar Development on a 5 year lease with Dollar Tree at Crossroads Towne Center (2670 E. Germann Road, Chandler, AZ, 85249) for 8,480-square-feet.  Kurt Kalocin of SRS Real Estate Partners represented the Tenant.

RETAIL – 8698 E. RAINTREE DRIVE, SCOTTSDALE
Brian & Tom Woods- Colliers International, represented UMBRAL 2, LLC on a multi-year lease with Ski Pro at Shops at Raintree & 101, 8698 E. Raintree Drive, Suite 102, Scottsdale, AZ, 85260 for 8,331-square-feet.  Stan Sanchez with DeRito Partners represented the Tenant.

RETAIL – UNIVERSITY 101 SHOPS, TEMPE
A retail lease for 6,926-square-feet at University 101 Shops at 101 & University Dr in Tempe, Arizona to Lower Gear Outdoor’s was recently consummated. The owner of the center is 2155 E. University, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.

RETAIL – 401 E. BELL RD., PHOENIX
Brian & Tom Woods- Colliers International, represented Nexus Development on a 10 year lease with Maurices at Bell Towne Centre, 401 E. Bell Road, Phoenix, AZ, 85022 for 5,299-square-feet.  Tim Gunnink at Newmark Grubb Knight Frank represented the Tenant.

RETAIL – 13390 W. VAN BUREN ST., GOODYEAR
A lease for 4,582-square-feet in Central Square Shopping Center to Flex AZ was recently consummated.  The location of the property is 13390 W. Van Buren Street in Goodyear, Arizona.  Richard Mackay of Rein & Grossoehme represented the owner and Drew Stone of NAI Horizon represented the tenant.

RETAIL – 15505 – 15507 N. SCOTTSDALE RD., SCOTTSDALE
A lease for 4,549-square-feet in Zocallo Plaza was recently signed with Classy Closets.  The property is located at 15505-15507 N. Scottsdale Road in Scottsdale, Arizona.  The owner of the center is Enright Zocallo LP. Jake Ertle of Rein & Grossoehme represented the owner and Grafton Milne of Menlo Group represented the tenant.

RETAIL – 40th ST. & THUNDERBIRD RD., PHOENIX
A retail lease for 3,850-square-feet at Paradise Square at 40th St & Thunderbird Rd in Phoenix, Arizona to Paradise Valley School of Karate was recently consummated. The owner of the center is Manatee Investments III, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.

RETAIL – 8698 E. RAINTREE DRIVE, SCOTTSDALE
Brian & Tom Woods- Colliers International, represented UMBRAL 2 LLC on a 7.5 year lease with Enterprise Bank & Trust at The Shops at Raintree & 101, 8698 E. Raintree Drive, Suite 104, Scottsdale, AZ, 85260, for 3,263-square-feet.  Andrew Cheney of Lee & Associates represented the Tenant.

RETAIL – 15551 N. GREENWAY-HAYDEN LOOP, SCOTTSDALE
A lease for 3,200-square-feet in The District at the Airpark Center was recently signed with Sun Mountain Door.  The property is located at 15551 N. Greenway-Hayden Loop in Scottsdale, Arizona.  The owner of the center is K2H Airpark Design, LLC. Steve Grossoehme and Jake Ertle of Rein & Grossoehme represented the owner and Adrienne Bryant of Bryant Commercial represented the tenant.

RETAIL – 15505 – 15507 N. SCOTTSDALE RD., SCOTTSDALE
A lease for 3,150-square-feet in Zocallo Plaza was recently signed with Sunset Spas.  The property is located at 15505-15507 N. Scottsdale Road in Scottsdale, Arizona.  The owner of the center is Enright Zocallo LP. Jake Ertle of Rein & Grossoehme represented the owner and the tenant.

RETAIL – 18444 N. CAVE CREEK RD., PHOENIX
A lease for 2,752-square-feet at 18444 N. Cave Creek Road in Phoenix, Arizona was recently signed with Talk Mobile Inc.  The owner of the property is Member REI 18444, LLC. Jake Ertle of Rein & Grossoehme Commercial Real Estate represented the owner and Regan Amato of DTZ represented the tenant.

RETAIL – 2990 E. GERMANN RD., CHANDLER
Brian & Tom Woods- Colliers International, represented Vestar Development on a 10 year lease with Eklectic Pie at Crossroads Towne Center, 2990 E. Germann Road, Suite 1, Chandler, AZ, 85286 for 2,604-square-feet.  Morey Fischel of DeRito Partners represented the Tenant.

RETAIL – 5022 S. POWER RD., GILBERT
Brian & Tom Woods- Colliers International, represented Vestar Development on a 5 year lease with Lerner & Rowe at Gilbert Gateway Towne Center, 5022 S. Power Road, Suite 104, Gilbert, AZ, 85230 for 2,500-square-feet.  Cindy Ernst with DD Properties represented the Tenant.

RETAIL – 4984 S. POWER RD., GILBERT
Brian & Tom Woods- Colliers International, represented Vestar Development on a 5 year lease with Thai Chili 2 Go at Gilbert Gateway Towne Center, 4984 S. Power Road, Suite 101, Gilbert, AZ, 85230 for 2,400-square-feet.  David Jarand of Strategic Retail Group represented the Tenant.

RETAIL – 830 W. WARNER RD., GILBERT
Brian & Tom Woods- Colliers International, represented Warner Cooper Partners, LLC on a 10 year lease with Starbucks at Bayshore Plaza, 830 W. Warner Road, Gilbert, AZ, 85233 for 2,000-square-feet.  Lance Umble of Phoenix Commercial Advisors represented the Tenant.

RETAIL – 6045 N. SCOTTSDALE RD., SCOTTSDALE
A lease for 1,606-square-feet in Hilton Village was recently signed with Barre 3.  The property is located at SEC Scottsdale Road & Lincoln Road in Scottsdale, Arizona.  The owner of the center is RED Development. Jake Ertle of Rein & Grossoehme Commercial Real Estate represented the tenant.

RETAIL – 13370 W. VAN BUREN ST., GOODYEAR
A lease for 1,120-square-feet in Central Square Shopping Center to Zia Nutrition was recently consummated.  The location of the property is 13370 W Van Buren St in Goodyear, Arizona. Richard Mackay of Rein & Grossoehme represented the owner and the tenant.

OFFICE – 430 N. DOBSON RD., MESA
A lease for 1,120-square-feet in Century Square to McPhie Law was recently consummated.  The location of the property is 430 N Dobson Road in Mesa, AZ.  The owner of the center is Warren Hall. Richard Mackay of Rein & Grossoehme represented the owner and the tenant.

RETAIL – 3871 S GILBERT ROAD, STE 106, GILBERT
Brian & Tom Woods- Colliers International, represented Vestar Development (Landlord) on a 5 year lease with uBreakiFix (Tenant) at Crossroads Towne Center, 3871 S. Gilbert Road, Suite 106, Gilbert, AZ, 85234 for 1,000-square-feet. Billy Rodriguez of BluRock Commercial represented the Tenant.

RETAIL – 5052 S. POWER RD., GILBERT
Brian & Tom Woods- Colliers International, represented Vestar Development on a 5 year lease with Allstate Insurance at Shops at Gilbert Gateway Towne Center, 5052 S. Power Road, Suite 105, Gilbert, AZ, 85230 for 850-square-feet. Brian & Tom Woods of Colliers also represented the Tenant.

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