Phoenix Lease Report
Phoenix Lease Report

The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of August 10 thru 14, 2015.

RETAIL – MESA RANCH SHOPPING CENTER SUBLEASE, MESA
Andy Kroot, Darren Pitts and Nick Ault of Velocity Retail Group represented WSS Shoes in the sublease of a former 12,000-square-foot Shoe Carnival building. The store is located in the Mesa Ranch shopping center on the northwest corner of Southern and Stapley. Jake Schumer of HILCO represented Shoe Carnival. The planned opening of is the 3rd quarter in 2015 will mark the first expansion for WSS Shoes into the Phoenix market.

RETAIL – PARK WEST SHOPPING CENTER, PHOENIX
The team of Michael Clark, Larry Miller, and John Jackson of Velocity Retail Group represented Howard Hughes Corporation in the lease of an 8,925-square-foot space to Blu Phoenix, the parent company of XGT Fitness by Smart Gym. The lease is signed for 13 years and is located at Park West on the northwest corner of Northern and the Loop 101. President of Blu Phoenix, Drew Marsh, stated that Smart Gym’s new prototype, XGT Fitness, will accommodate everyone’s fitness needs by combining group fitness classes with a complete gym. Representing the tenant was Velocity’s Larry Miller and John Jackson. The gym is set to open November of 2015.

RETAIL – PARADISE SHOPPING CENTER, PHOENIX
Michael Clark, Larry Miller and John Jackson from Velocity Retail represented the landlord, Scottsdale Land Company, LLC, an entity of Wadsworth Development, in the 5,955-square-foot 10-year transaction at the northeast corner of Thunderbird and 40th Street in the Paradise Shopping Plaza. The space was formally occupied by Total Woman Gym. Anytime Fitness is represented by CBRE’s Jami Savage, the new gym is estimating a grand opening in March of 2016.

RETAIL – GREENWAY VILLAGE SQUARE, PHOENIX
A retail lease for 2,413-square-feet at Greenway Village Square in Phoenix, AZ to Sima Health Care. was recently consummated. The owner of the center is Southwestern Holdings, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.

RETAIL – RIO SALADO CENTER, TEMPE
A retail lease for 2,000-square-feet at Rio Salado Center in Tempe, AZ to Reliable Credit, Inc. was recently consummated. The owner of the center is Rio Salado center, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and Trish Kaller of Inverness represented the Tenant on this transaction. Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.

RETAIL – TATUM RANCH SHOPPING CENTER, PHOENIX
A lease for 1,825 square feet in Tatum Ranch Shopping Center to Sport Clips was recently consummated. The location of the property is Cave Creek / Tatum – SEC in Phoenix, AZ. Jim Edwards and Josh Stewart of Rein & Grossoehme represented the Owner and Max Bippus of CBRE represented the Tenant.

RETAIL – GREENWAY VILLAGE SQUARE, PHOENIX
A retail lease for 1,800 square feet at Greenway Village Square in Phoenix, AZ to Amore Salon. was recently consummated. The owner of the center is Southwestern Holdings, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction.

OFFICE AT 6340 E THOMAS RD, SCOTTSDALE
Iphixation, a mobile phone and electronics repair store, expanded operation to Scottsdale leasing 1,595-square-feet at 6340 E Thomas Rd, Ste 328 in Scottsdale. Adrienne Bryant and Jonvieve Bryant of Bryant Commercial Real Estate represented the tenant. Kelly O’Dea of Levrose Commercial Real Estate represented the landlord in this transaction.

RETAIL – TOWNSHIP PLAZA, GILBERT
Brian Gast of Velocity Retail Group represented the landlord, Desert Troon, in the lease of a 1,500-square-foot space in the Township Plaza on the southwest corner of Gilbert and Baseline. The new tenant, Baskin Robbins, was represented by Mathew Ault of Voit Commercial. This five year deal has an opening date set for September of 2015.

RETAIL – VAL VISTA TOWNE CENTER, GILBERT
Brian Gast, Larry Miller and John Jackson of Velocity Retail Group represented the landlord, North American Development Group in the lease of a 1,262-square-foot space in Val Vista Towne Center at the southwest corner of Warner and Val Vista Roads in Gilbert . The new tenant, Nature’s Health Vitamin Shoppe, was represented by Adrienne Bryant and Jonvieve Bryant of Bryant Commercial. This five year deal is expected to open in October of 2015.

RETAIL – PHOENIX MARKET, PHOENIX
OHM Factory leased a 1,200-square-foot space from Red Mountain Retail Group. Velocity Retail’s Brian Gast represented the Landlord in the lease. It’s opening in July marked the first valley location for the tenant.

OFFICE – 8595 E BELL RD, SCOTTSDALE
A lease for 1,150 square feet in an office condo to Wellsource Naturopathic Medical Center was recently consummated. The location of the property is 8595 E. Bell Road in Scottsdale, AZ. Jim Edwards of Rein & Grossoehme represented the Tenant and Matt Leonard of Levrose Real Estate represented the Owner.

RETAIL – SUN BELL PLAZA, SUN CITY
A retail lease for 1,060 square feet at Sun Bell Plaza in Sun City, AZ to Jay’s Vapes & Hookah was recently consummated. The owner of the center is Max Taylor and Company, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and the Tenant on this transaction. Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial leasing.

RETAIL – BELL TOWER PLAZA, PHOENIX
Larry Miller and John Jackson of Velocity Retail Group represented Bell Tower Plaza, LLC in the lease of a 1,040-square-foot space to Hoda’s Gadgets. Bell Tower Plaza is located on the northwest corner of Bell Road and 63rd Avenue. Set to open in 2016 lease marks the first location for the tenant, Hoda’s Gadgets.

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