The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of September 28 thru October 2, 2015.
OFFICE – 5651 W. TALAVI BLVD. & 16680 N. 51st AVE., PHOENIX
Redflex Traffic Systems leased approximately 35,760-square-feet in two buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ for relocation from its current location at 23rd Avenue and Pinnacle Peak Road. Senior Directors Blaine Black, Sam Murik and Don Rodie and Associate Robb Vallier with Cushman & Wakefield represented Redflex in the lease negotiations. Ashley Brooks of CBRE represented Los Angeles-based Regent Properties, owner of Talavi Corporate Center. Redflex also leased approximately 14,000-square feet at 51 Bells. The company will take occupancy of its new spaces in December. “This was an opportunity for Redflex to rid itself of wasted space, gain efficiencies, and relocate to an area full of amenities for its employees,” Mr. Black said. Redflex Traffic Systems develops and manufactures a wide range of digital photo enforcement solutions including red light camera, speed camera, and school-bus-stop arm camera systems. Mark Linsalata of Lee & Associates Arizona represented Arizona-based 51 Bells Limited Partnership.
RETAIL – 3611 E. INDIAN SCHOOL RD., PHOENIX
A retail lease for 8,325-square-feet at Gaslight Square at 36th St & Indian School in Phoenix, AZ to Dennis Uniforms was recently consummated. The owner of the center is Gaslight Square Retail, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and Blaine Black of Cushman Wakefield the Tenant on this transaction.
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, AZ. 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 – 15551 N. GREENWAY-HAYDEN LOOP, PHOENIX
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, AZ. 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 both the owner and the tenant.
RETAIL – 4731 E. UNION HILLS, PHOENIX
A lease for 2,499-square-feet at 4731 East Union Hills in Phoenix was recently completed between Dr. Bukhari and La Piazza Center, LLC. Jake Ertle and Jim Edwards of Rein & Grossoehme represented the landlord and Jennifer Eggert and Dena Zell of Zell Commercial represented the Tenant.
RETAIL – 4902 E. THOMAS RD., PHOENIX
A retail lease for 1,425-square-feet at 40 Palms Arcadia at 40th St & Thomas in Phoenix, AZ to The Weave Bar of ATL was recently consummated. The owner of the center is Arcadia Village Shops, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.
RETAIL – 125th AVE & THUNDERBIRD, EL MIRAGE
A retail lease for 1,269-square-feet at West Thunderbird Plaza at 125th Ave & Thunderbird in El Mirage, AZ to RC Heaven Hobby Shop was recently consummated. The owner of the center is Max Taylor & Company, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.