The following commercial leases were reported to the Real Estate Daily News for the Phoenix Commercial Lease Report from November 28 thru December 2, 2016.

INDUSTRIAL – 2910 S. HARDY, TEMPE
Broadway Industrial Park leased a ±25,619-square-foot industrial property located at 2910 S Hardy, Suite 104 in Tempe to Tier Power Systems, Inc. on October 24, 2016.  Bonnie C. Halley, CCIM, and Melissa Marks, Phoenix West Commercial, LLC, represented the tenant in the negotiation.

RETAIL – NEC of 43^rd AVE and PEORIA RD., PHOENIX
A retail lease for 6,000-square-feet within Ross Plaza at NEC of 43rd Ave & Peoria Rd. in Phoenix, AZ to Korean BBQ was recently consummated. The owner of the center is B.H. North 43rd Avenue, LLC.  Jared Lively of Rein & Grossoehme represented both the Landlord and the Tenant on this transaction.

INDUSTRIAL – 9950 W. VAN BUREN ST., AVONDALE
99^th Avenue Business Park leased a ±3,156-square-foot industrial space located at 9950 W Van Buren Street, Suite 101 in Avondale to Studio 21 Dance Academy, LLC on October 24, 2016.  Bonnie C. Halley, CCIM and Brian Gleason, SIOR, Phoenix West Commercial, LLC, represented the landlord and Melissa Marks represented the tenant in the negotiation.

INDUSTRIAL – 811 E. RILEY DR., AVONDALE
Dysart Business Park leased a ±2,600-square-foot industrial space located at 811 E Riley Drive, Suites 4 & 5 in Avondale to Thomas Jaurigue on October 13, 2016.  Ken Schawl, Phoenix West Commercial, LLC, represented the tenant in the negotiation.

RETAIL – 14455 W. GRAND AVE., SURPRISE
Grand Village Plaza leased a ±2,107-square-foot retail space located at 14455 W Grand Avenue, Suite C-122 in Surprise to Best Dollar Store on October 19, 2016.  Matt Harper, CCIM, Jennifer Tonoli, and Melissa, Marks Phoenix West Commercial, LLC, represented the landlord in the negotiation.

RETAIL – 21001 N. TATUM BLVD., PHOENIX
Brian & Tom Woods- Colliers, represented uBreakiFix  on a 5 year lease, signed in November 2016, with Vestar at Desert Ridge Marketplace 21001 N. Tatum Blvd, Suite LL-3, Phoenix, AZ, for 1,600-square-feet.  Torrey Briegel and Cameron Warren of Phoenix Commercial Advisors represented the Landlord.  Signed in November 2016.

OFFICE – 13575 W. INDIAN SCHOOL RD., LITCHFIELD PARK
Litchfield Park Plaza leased a ±1,509-square-foot office condominium located at 13575 W Indian School Road, Suite 300 in Litchfield Park to Dr. Samer Muala on October 13, 2016.  Bobbie Lorraine Mastracci, CCIM, designated broker, Phoenix West Commercial, LLC, represented the landlord in the negotiation

RETAIL – NEC of TATUM BLVD. And DYNAMITE RD., CAVE CREEK
A retail lease for 1,401-square-feet within Tatum & Dynamite Shoppes at NEC of Tatum Blvd & Dynamite Rd. in Cave Creek, AZ to Vicky’s Nails & Spa was recently consummated. The owner of the center is Bengin, LLC.  Jared Lively of Rein & Grossoehme represented both the Landlord and the Tenant on this transaction.

RETAIL – 3787 S. GILBERT RD., GILBERT
Brian & Tom Woods- Colliers, represented Vestar on a 7 year lease, signed in November 2016, with Poke Hale at Crossroads Towne Center 3787 S. Gilbert Road, Gilbert, AZ, 85234, Suite F-2 for 1,344-square-feet.  Courtney Auther Van Loo of Cushman & Wakefield represented the Tenant.

OFFICE – 4252 N. VERRADO WAY, BUCKEYE
Main Street at Verrado leased a ±1,030-square-foot office located at 4252 N Verrado Way, Suite 100 in Buckeye to Pioneer Title Agency on October 1, 2016.  Bobbie Lorraine Mastracci, CCIM, designated broker, Phoenix West Commercial, LLC, represented the landlord in the negotiation.

RETAIL – 5008 W. NORTHERN AVE., GLENDALE
Northern Plaza leased a ±1,000-square-foot retail space located at 5008 W Northern Avenue, Suite 5 in Glendale to Express Smoke Shop on October 10, 2016.  Matt Harper, CCIM, Phoenix West Commercial, LLC, represented both the landlord and the tenant.

RETAIL – 13839 W. BELL RD., SURPRISE
Shops at Surprise leased a ±1,000-square-foot retail space located at 13839 W Bell Road, Suite 105 in Surprise to SK8 Haus, LLC on October 13, 2016.  Jennifer Tonoli and Melissa Marks, Phoenix West Commercial, LLC, represented the tenant in the negotiation.

Send commerical sales and leases to REDailyNews@outlook.com

SCOTTSDALE, AZ – Cushman & Wakefield of Arizona’s Retail Services Division negotiated the $2 million ($133.69 PSF) sale of 1312 N. Scottsdale Rd., a 14,960-square-foot multitenant retail which will be the new home of Fate Brewing Company.

Brian Kocour and Courtney Auther Van Loo of Cushman & Wakefield represented the seller, SBI Leasing Inc. of Scottsdale. Scottsdale-based real estate investor Tom Frenkel was the buyer and was self-represented.

Steve McFate of Fate Brewing Company announced he would be expanding his craft beer operation by occupying more than 10,000 SF of the almost 15,000 SF building. The expansion will include a sizeable “beer garden” style patio and 19-foot interior ceiling heights.

McFate will continue to brew his small batch, limited-release beers at his current location just east of Scottsdale Road on Shea Boulevard. He will brew his flagship beers at the new location.

“Tom Frenkel saw an opportunity with a former restaurant of this size combined with abundant parking on Scottsdale Road,” Kocour said. “The McDowell Road corridor has a promising future. This is just the beginning of the unique, vibrant business making a home in this area.”

With five locations already in the Valley, Plato’s Closet consignment store will occupy the remaining space in the building.