Phoenix Lease Report Week of Aug 31 – Sept 4, 2015
The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of August 31 thru September 4, 2015.
TWO OFFICE TENANTS BRING DESERT RIDGE CORPORATE TO 95% OCCUPANCY
Two office leases totaling 47,372-square-feet were leased at Desert Ridge Corporate Center I and II, 20830-20860 N. Tatum Blvd. in Phoenix. These transactions bring occupancy in both buildings to 95 percent. At Desert Ridge I, Regus leased 12,338-square-feet and was represented by Kevin Calihan of CBRE.
At Desert Ridge II, Republic Services leased an entire floor totaling 35,034-square-feet and was represented by Gary Gregg, Mike Gordon and Eric Walker of Cresa. Lee & Associates principals Craig Coppola, Bill Blake, Colton Trauter, Andrew Cheney and Associate Gregg Kafka, represented the landlord in both of these transactions.
NEW BEALL’S OUTLET TO OPEN IN WESTPORTE VILLAGE, PEORIA
Beall’s Outlet will soon open a new location in Peoria, Arizona. The 26,600-square-foot space is located in Westporte Village at the southeast corner of 67th Avenue and Peoria. Beall’s Outlet opened its first store 100 years ago in 1915 and is still family owned. They now have over 500 stores operating in Florida, Georgia, and Arizona.
Velocity Retail Group’s Michael Clark, Larry Miller, and John Jackson teamed up to finalize a five-year lease on behalf of NorthStar Realty Finance. Tim Westfall and Joe Doucett of Newmark Grubb Knight Frank represented the Tenant. The store is projected to open in March of 2016. Beall’s Outlet opened its first store 100 years ago in 1915 and is still family owned. They now have over 500 stores operating in Florida, Georgia, and Arizona.