Phoenix Leases Sept. 24-28, 2018

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from Sept. 24 thru 28, 2018.

Yuma Palms, 1448 S. Yuma Palms Parkway, Yuma
Mor Furniture leased approximately 25,000-square-feet on a ten-year lease at Yuma Palms, 1448 S. Yuma Palms Parkway, Yuma, AZ, 85365 in a portion of a former Sports Authority space.  Newmark Knight Frank’s, Joe Doucett and Joe Hoye represented the landlord, Inland Group.  Signed in September 2018.  Brian & Tom Woods of Colliers International represented the tenant.

2020 N. Central Ave., Phoenix
NAI Horizon’s Laurel Lewis represented the tenant, Westland Resources, Inc., in a 65-month office lease for 7,964-square-feet at 2020 N. Central Ave., Phoenix, AZ. Ruth Darby and Charles Miscio with Colliers International represented the landlord, Arizona Credit Union.

Crossroads Towne Center at 2950 E. Germann Rd., Chandler
Old Chicago Pizza signed a 15-year lease at Crossroads Towne Center at 2950 E. Germann Road, Chandler, AZ, 85249 for 5,627-square-feet (former El Palacio space)from Vestar, the landlord.  Signed in September 2018.  Brian & Tom Woods- Colliers represented both parties.

4925 W. Bell Road, Phoenix
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in an 84-month retail lease for 3,000-square-feet at 4925 W. Bell Road, Phoenix, AZ.

227 N. 16th St., Phoenix
NAI Horizon’s Kevin Higgins, Barbara Lloyd and Lane Neville represented the landlord, Bogle Family Realty, LLLP, in a 36-month office lease for 2,731-square-feet at 7227 N. 16th St., Phoenix, AZ.

4515 S. McClintock Dr., Tempe
NAI Horizon’s Laurel Lewis represented the tenant, PK Architects, Inc., in a 60-month office lease for 2,491-square-feet at 4515 S. McClintock Dr., Tempe, AZ.

21545 S. Ellsworth Loop Rd., Queen Creek
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 120-month retail lease for 2,275-square-feet at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ. Jonathan Hill with Morrow Hill represented the tenant, Hand & Stone Massage and Facial Spa.

13843 W. Meeker Blvd., Sun City West
NAI Horizon’s Tyler Smith represented the tenant, Magnus Title Agency, LLC, in a 63-month office lease for 1,930-square-feet at 13843 W. Meeker Blvd., Sun City West, AZ. Marshal Reynolds with Rencor Development represented the landlord, CMB Partners.

25314 N. Lake Pleasant Parkway, Peoria
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Batteries Plus, in a 120-month retail lease for 1,694-square-feet at 25314 N. Lake Pleasant Parkway, Peoria, AZ. Torrey Briegel with Phoenix Commercial Advisors represented the landlord, Vestar LPTC, LLC.

Fletcher Heights Marketplace, 20783 N. 83rd Ave., Peoria
A lease for 1,500-square-feet in Fletcher Heights Marketplace to Sinful Hair & Dry Bar was recently consummated.  The location of this property is 20783 N. 83rd Ave. Peoria, AZ 85382.  The owner of the center is Plaza Las Americans Holdings, LLC.  Jared Lively of Rein & Grossoehme CRE represented both the Tenant and Landlord on this transaction.

940 S. Park Lane, Tempe
Crooked Lines Designs recently leased a 1,300-square-foot industrial suite at 940 S. Park Lane in Tempe, AZ. The Landlord was Reliance Management. J & J Commercial Properties represented the Landlord and Richard Mackay of Rein & Grossoehme Commercial Real Estate represented the Tenant.

Bell Towne Centre, 402 E. Greenway Parkway, Suite #21, Phoenix
GenTech leased 1,184-square-feet on a five-year lease at Bell Towne Centre, 402 E. Greenway Parkway, Suite #21, Phoenix, AZ, 85022.  Signed in September 2018. Brian Woods of Colliers International represented both the landlord, Nexus and the tenant.

4961 W. Bell Rd., Phoenix
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 48-month retail lease for 1,045-square-feet at 4961 W. Bell Rd., Phoenix, AZ.

5270 N. 59th Ave., Glendale
NAI Horizon’s Matt Harper represented the landlord, Arizona MSK, LLC, in a 60-month lease for 1,000-square-feet at 5270 N. 59th Ave., Glendale, AZ. Adam Lam with Phoenix West Commercial represented the tenant, AZ Karen-Asian Market, LLC.

Dobson Ranch Shopping Center, 2051 S Dobson Rd., Mesa
A lease for 980-square-feet in Dobson Ranch Shopping Center to L’Mage Salon was recently consummated. The location of the property is 2051 S Dobson Rd in Mesa, AZ. L’Mage Salon operates several locations under the name L’Mage Salon Suites throughout the metro Phoenix area. Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the owner and Stan Sanchez of Colliers represented the tenant.

11001 N. 99th Ave., Peoria
NAI Horizon’s Matt Harper represented the landlord, Grand Center Plaza, LLC, in a 37-month retail lease for 831-square-feet at 11001 N. 99th Ave., Peoria, AZ.

7227 N. 16th St., Phoenix
NAI Horizon’s Kevin Higgins, Barbara Lloyd and Lane Neville represented the landlord, Bogle Family Realty, LLLP, in a 60-month office lease for 764-square-feet at 7227 N. 16th St., Phoenix, AZ.

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