Phoenix Lease Report Week of August 10-14, 2015

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.




Phoenix Lease Report – June 1-5, 2015

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 1 thru 5, 2015.

INDUSTRIAL – 2120 W. GUADALUPE RD., GILBERT, AZ.
A 10-year, 45,000-sqaure-foot lease was signed at 2120 W. Guadalupe Rd., in Gilbert for $3,207,600. Paragon Vision Sciences, currently in Mesa, is the new tenant and will occupy half the structure which was built in 1995. Move-in is expected sometime in Q3 2015. With this transaction, the building is 100% leased.  Stein Koss and Tom Louer, both principals with Lee & Associates negotiated on behalf of AZCAL, LLC of Redondo Beach, CA. Larry Miller, Jr. represented Velocity Retail Group on behalf of Paragon.  The property is situated on 5.91 acres and features heavy power, 24’ clear height, 3 grade level and 4 dock high doors. The building sits just off  of Guadalupe Rd. and Arizona Ave. and minutes to Loop 101. Paragon Vision Sciences has estimated an October 2015 opening date for the new location.

RETAIL – NE CORNER of 32nd STREET and GREENWAY AVE., PHOENIX, AZ.
Arizona Greenway Hirani Investments, LLC entered into a 10-year lease of a 6,000-square-foot building to Humana’s Iora Health. Located at the northeast corner of 32nd Street and Greenway Avenue in Greenway Park Plaza, this new clinic helps Humana expand their Iora Health brand into North Phoenix. DTZ’s. Dev Gupta represented Humana in the transaction; which is set to open in October of 2015. Stein Koss and Tom Louer, both principals with Lee & Associates negotiated on behalf of Arizona Greenway Hirani Investments.

RETAIL – 624 W. BROADWAY RD., MESA, AZ.
A lease for 4,077-square-feet at Broadway Mesa Center at 624 W. Broadway Rd in Mesa, AZ to Eclectic Furniture was recently consummated. The owner of the center is Broadway Mesa Center, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.

RETAIL – SW CORNER of 75th AVE., and BELL RD., PHOENIX, AZ.
Michael Clark and Darren Pitts at Velocity represented Mattress Firm in the leasing of a 10-year, 4040 square foot space on the southwest corner of 75th Avenue and Bell Road. The landlord is a venture formed by Wadsworth Development and Accelerated Development Services. The store is expected to open in the fourth quarter of 2015.

Shea & 32nd St, (courtesy photo Velocity)
Shea & 32nd St, Phoenix (courtesy photo Velocity)

RETAIL – NW CORNER of SHEA BLVD. and 32nd STREET, PHOENIX, AZ.
Larry Miller, John Jackson, and Michael Clark at Velocity represented NorthStar Retail in the lease of a 3,184-square-foot space to Shea Animal Hospital in Phoenix. This relocation is next door to their existing facility in Shea Plaza III, at the northwest corner of Shea Blvd., and 32nd Street.  Their former location is being razed to make way for a new mid-rise apartment complex. The new hospital is expected to open by September of 2015.

RETAIL – SE CORNER of COOPER RD., and BASELINE RD., MESA, AZ.
Velocity’s Larry Miller, John Jackson, and Brian Gast teamed up to represent Val Vista Village Square, LLC in the lease of a 2,400-square-foot space to Susie’s Wigs. This is a relocation of the business to the southeast corner of Cooper Road and Baseline Road in Mesa. Susie’s Wigs was represented by Jane Lee with DPR Commercial in the 5 year deal which is set to open this month.

RETAIL – 10659 W. GRAND AVE., SUN CITY, AZ.
A lease for 1,325-square-feet at 10659 W. Grand Ave in Sun City, AZ to Milan Co. Enterprises was recently consummated. The owner of the center is Kings Inn of Sun City, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.

RETAIL – TATUM BLVD., and DYNAMITE RD., CAVE CREEK, AZ.
A lease for 1,307-square-feet at Tatum Blvd. & Dynamite Rd. in Cave Creek, AZ to LC’s Tae Kwan Do was recently consummated. The owner of the center is Bengin, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and Bryan Lamond of Concrete Commercial represented the Landlord on this transaction.

RETAIL – NE CORNER of 7th STREET and MISSOURI AVE., PHOENIX, AZ.
Velocity Retail Group Represented V’s Barber Shop leased a 1,200-square-foot space on the northeast corner of 7th Street and Missouri Avenue in the Cinema Park Shopping Center. Addition information was not provided.

Submit all sales and leases to REDailyNews@outlook.com.




Phoenix Lease Report – April 27 – May 1, 2015

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 April 27 thru May 1, 2015.

RETAIL – 2936 E. THOMAS ROAD, PHOENIX, AZ.
Octane Fitness leased 4,725-square-feet at 2936 E. Thomas Road in Phoenix, AZ.  The owner of the center is IRA Admin, Inc. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.

RETAIL – ACOMA DR. & SCOTTTSDALE ROAD, SCOTTSDALE, AZ
Michael Clark and Darren Pitts with Velocity Retail represented Mattress Firm in a second transaction for Mattress Firm this month for a 3,800-square-foot location at the northeast corner of Acoma Drive and Scottsdale Road in Scottsdale, AZ. The landlord of this redeveloped building is SJJ Development, who was represented by Chris Hollenbeck at DTZ. This location is expected to open in the 2nd quarter of this year.

RETAIL – NWC ELLIOT & ARIZONA AVENUE, CHANDLER, AZ
Velocity’s Brian Gast represented Courage Honor Strength Brazilian Jiu-Jitsu in a 2,880-square-foot three-year lease at Pollack Plaza at the northwest corner of Elliot and Arizona Avenue. The tenant is expected to open in the 2nd quarter of 2015.

RETAIL- CHANDLER SHOPS NEC LOOP 202 & CHANDLER VILLAGE, CHANDLER, AZ
Larry Miller, John Jackson and Michael Clark of Velocity Retail represented the Landlord, Chandler in the Spotlight in a 2,500-square-foot lease at The Chandler Shops, located at the northeast corner of Loop 202 and Chandler Village Drive. The tenant, LDVinci Art Studio signed a 7-year lease and plans to open in August of 2015. This is a relocation of an existing store.

RETAIL – ARROWHEAD FESTIVAL, NEC BELL & 75TH AVENUE, PHOENIX
Nick Ault of Velocity Retail represented Floyd’s 99 Barbershop in their first corporate store lease in the Arizona market. The 1,500-square-foot store will be located at Arrowhead Festival at the northeast corner of Bell Road and 75th Avenue in the former Starbuck’s building. The tenant is planning on opening in the 3rd quarter of this year, with a 10-year term.

RETAIL – NEC GREENWAY ROAD & LOOP 303, SURPRISE, AZ
John Jackson and Larry Miller of Velocity represented the landlord, AEGON USA Realty Advisors, LLC in a 1,447-square-foot 5-year transaction with The Decal Shoppe in the Greenway Crossings shopping center located at the northeast corner of Greenway Road and Loop 303 in Surprise, Arizona. This is the first retail location for the tenant, which is expecting to open in May of this year.

RETAIL – NWC NORTHERN & LOOP 101, PHOENIX, AZ
Velocity Retail Group’s Larry Miller and John Jackson represented the landlord, Howard Hughes Corporation on a 1,400 square foot lease to Mystic Nails. The new store is a 5-year renewal of an existing lease and is located at the northwest corner of Northern and Loop 101 in the Park West shopping center.

Submit all sales and leases to REDailyNews@outlook.com.