Phoenix Lease Report Week of Jan. 30 – Feb. 3, 2017

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from January 30 thru February 3, 2017.

INDUSTRIAL – 2225 S 43^RD AVE., PHOENIX
NAI Horizon Senior Vice Presidents Isy Sonabend and Rick Foss negotiated a long-term industrial lease for a façade and curtainwall design company at 2225 S. 43^rd Ave., in Phoenix.  NAI Horizon represented the tenant, Enclos, in a deal worth $1.373 million. Enclos manufactures office building window curtains. Enclos is leasing 117,780-square-feet of the facility, Riverside Distribution Center, which formerly housed a moving and storage company.

“The business climate and extensive site search propelled Phoenix as the prime location to situate Enclos’ manufacturing operations in the Southwest part of the country,” Sonabend said. Amenities of the space (Suite 1 in the building) include a 7,373-square-feet existing upgraded office, 15 dock-high positions, four grade-level positions, evaporative-cooled warehouse, and a 25,000-square-feet secured rear lot.The landlord, Exeter 2225 S. 43^rd Av. LLC of Conshohocken, PA, was represented by Riley Gilbert of JLL.

RETAIL – 1625 W CAMELBACK RD., PHOENIX
NAI Horizon negotiated a long-term lease for a Planet Fitness at 1625 W. Camelback Rd., in Phoenix. The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega, and Associate Patrick Anthon represented the tenant, JEF-FIT 17^th Ave. & Camelback, LLC of Philadelphia in the transaction totaling $2.723 million. This is the fourth long-term lease for a Planet Fitness in Metro Phoenix for the NAI Horizon retail team in the past eight months. Other municipalities include Queen Creek, Gilbert and Maricopa.

“There were multiple moving parts on this particular deal. It was a very complex transaction involving Planet Fitness, the existing tenant (Blast Fitness) and the current landlord,” Tworek said. “Planet Fitness had a void in this particular trade zone and we were able to create an opportunity that worked for all parties involved.” Planet Fitness is actively looking for additional sites in Metro Phoenix. The landlord in the Camelback deal, Park Lee Star Holdings, LLC of Brooklyn, N.Y., was represented by Zell Commercial.

RETAIL – PARADISE SQUARE, SWC THUNDERBIRD & 40^TH ST., PHOENIX
A Retail Lease for 2,330-square-feet within Paradise Square at SWC of Thunderbird & 40^th Street in Phoenix, AZ to Zabari Mediterranean Restaurant was recently consummated. The owner of the center is Manatee Investments, LLC.  Jared Lively of Rein & Grossoehme represented the Landlord and Kevin Roessler of Rein & Grossoehme represented the tenant on this transaction.

RETAIL – PARADISE SQUARE, SWC THUNDERBIRD & 40^TH ST., PHOENIX
A Retail Lease for 1,110–square-feet within Paradise Square at SEC of 40^th St & Thunderbird in Phoenix, AZ to MetroPCS was recently consummated. The owner of the center is Southwestern Holdings, LLC.  Jared Lively of Rein & Grossoehme represented the landlord and Hayden Duff of HK Realty represented the Tenant on this transaction.

RETAIL – ROSS PLAZA, NEC 43^RD AVE & PEORIA, PHOENIX
A Retail Lease for 1,110–square-feet within Ross Plaza at NEC of 43^rd Ave & Peoria in Phoenix, AZ to Goldfinger Barber Shop was recently consummated. The owner of the center is BH Properties.  Jared Lively of Rein & Grossoehme represented both the landlord and the tenant on this transaction.

RETAIL – GREENWAY VILLAGE SQUARE, SEC 35^TH & GREENWAY, PHOENIX
A Retail Lease for 900-square-feet within Greenway Village Square at SEC of 35th Ave & Greenway in Phoenix, AZ to MetroPCS was recently consummated. The owner of the center is Southwestern Holdings, LLC.  Jared Lively of Rein & Grossoehme represented the landlord and Hayden Duff of HK Realty represented the tenant on this transaction.

RETAIL – THUNDERBIRD SQUARE, SEC 35^TH & GREENWAY, PHOENIX
A Retail Lease for 900-square-feet within Thunderbird Square at SEC of 35th Ave & Thunderbird in Phoenix, AZ to MetroPCS was recently consummated. The owner of the center is Southwestern Holdings, LLC. Jared Lively of Rein & Grossoehme represented the landlord and Alexis Suarez of ASI Real Estate represented the tenant on this transaction.