Phoenix Lease Report Week of June 29 – July 3, 2015

image_pdfimage_print
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 June 29 thru July 3, 2015.

INDUSTRIAL – 1422 N. ELISEO C. FELIX WAY, PHOENIX
Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the relocation of Monster Paint FX to 1422 N. Eliseo C. Felix Jr. Way. The lease is for 13,230-square-feet. Monster Paint FX, which previously was at 7115 N. 110th Ave. in Glendale, is a locally owned company that provides custom auto body and paint work. “It took more than one and half years for us to find the right facility for Monster Paint,” said Keri Scott, Associate with Cushman & Wakefield’s Industrial Properties group. “It was important to not only find a facility that could accommodate their current needs but give them the ability to grow quickly and efficiently. I think we accomplished that with this facility.”   Scott represented Monster Paint FX in the transaction. The landlord is Denali National Trust XXV LLC of Scottsdale. The property is 100 leased with Monster Paint FX taking occupancy June 1.

RETAIL – 23706 S. POWER RD., QUEEN CREEK
Michael Gaida has leased 3,500-square-feet to a Mexican restaurant company owned by Noe & Abel Rodriguez at 23706 S. Power Rd. in Queen Creek.  The landlord, Grace Power & Chandler Heights was represented by Sperry Van Ness, LLC, in Phoenix.

OFFICE – 8767 E. VIA DE VENTURA, SCOTTSDALE
A lease for 3,498-square-feet at the Bay Colony Executive Center at 8767 E. Via de Ventura in Scottsdale, AZ to PassFort, Inc. was recently consummated. The owner of the center is Bay Colony Executive Center West, LLC. Jared Lively of Rein & Grossoehme represented the Tenant, and Scott Boardman of DTZ represented the Landlord.

RETAIL – 3402 E. THOMAS RD., PHOENIX
Michael Gaida has leased 3,240-square-feet to a mattress company, Mattress 2 Go at 3402 E. Thomas Rd., in Phoenix.  The landlord was represented by Sperry Van Ness, LLC, in Phoenix. The tenants were represented by Bernard Howard Realty.

OFFICE _ 1940 E. THUNDERBIRD RD., PHOENIX
Jonathan Levy, Justin Horwitz, and Nicole Ridberg has leased 2,064-square-feet to Douglas, Sheets, & Stremcha CPAs, LLC. at The Century Building, 1940 E. Thunderbird Rd. in Phoenix.  The landlord, MFP I, LLC was represented by Sperry Van Ness, LLC.

RETAIL – 1920 S. ALMA SCHOOL ROAD, CHANDLER
A lease for 1,807-square-feet in Germann Towne Center to Blackbird Music and Rentals was recently consummated. The location of the property is Germann and Alma School in Chandler, AZ. Blackbird Music has 2 other locations. Jim Edwards of Rein & Grossoehme represented the Tenant.

RETAIL – SWC 35th AVE. and THUNDERBIRD, PHOENIX
A lease for 1, 800-square-feet at Thunderbird Square at the SWC of 35th Ave. & Thunderbird Rd. in Phoenix, AZ to Thunderbird Laundry was recently consummated. The owner of the center is B.H. Chapman, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.

RETAIL – 842 E. INDIAN SCHOOL RD., PHOENIX
A lease for 1,760-square-feet was recently consummated with Addis Ababs Restaurant. The location of the property is 842 E. Indian School Rd. in Phoenix, AZ. Richard Mackay of Rein & Grossoehme Commercial Real Estate represented the owner and Roberto Amado-Cattaneo of Clear Commercial Advisors represented the tenant.

RETAIL – WEST POINT TOWNE CENTER, SURPRISE
A lease for 1,440-square-feet in West Point Towne Center to Daniel’s Original Mexican Food was recently consummated. The location of the property is east of the southeast corner of Bell Rd and Litchfield Rd (the Sprouts center) in Surprise, AZ. This is the first location for Daniel’s Original Mexican Food. Jim Edwards of Rein & Grossoehme represented the Landlord.

OFFICE – 8607 N. 59th AVE., GLENDALE
Jonathan Levy and Nicole Ridberg has leased 961-square-feet at 8607 N. 59th Ave in Glendale from NCC Glendale, LLC. The landlord was represented by Sperry Van Ness, LLC. In Phoenix.

RETAIL – 7346 – 7426 N. 51st AVE., GLENDALE
A retail lease for 800-square-feet in Palms Plaza Shopping Center to Antojitos El Kike, LLC was recently consummated. The location of the property is 7346-7426 N. 51st Ave. in Glendale, AZ. The owner of the center is RMM Orangewood Retail, LLC. Kevin Roessler of Rein & Grossoehme represented the Tenant and Jared Lively of Rein & Grossoehme represented the Owner.

Submit all sales and leases to REDailyNews@outlook.com