The following leases were reported to Real Estate Daily News for the Phoenix Lease report during the week of March 13 thru 17, 2017.

RETAIL – 6720 N. SCOTTSDALE ROAD, SCOTTSDALE, AZ
Washington Federal signed a 10-year, 9,793-square-foot lease at Scottsdale Spectrum, 6720 N. Scottsdale Rd., Scottsdale. Lease commencement is scheduled for Q3 2017. Lee & Associates Principals Adam Tolson and Jim Watkins represented the landlord, Globe Corporation, Scottsdale. Glenn Smigiel of CBRE procured Washington Federal of Seattle, WA. Washington Federal has 238 branches in the 9 western states and 31 branches in Arizona. This move to the regional headquarters coincides with the 100th anniversary of Washington Federal. Built in 1998, Scottsdale Spectrum is comprised of three Class A office buildings featuring an on-site cafe, fitness center and lush corporate campus environment. The property enjoys a prestigious Scottsdale Road address, bordering the Town of Paradise Valley and directly adjacent to the $2 billion Ritz-Carlton Paradise Valley Resort, currently under construction.

RETAIL – 6030 E. MAIN ST., MESA, AZ
A lease for 2,241-square-feet in Buckhorn Plaza Shopping Center to Heart of Worship was recently consummated. The location of the property is 6030 E. Main St in Mesa, AZ. The owner of the center is EC Mesa LLC. Jared Lively of Rein & Grossoehme CRE represented both the owner and tenant on this transaction.

OFFICE – 1053 E. MILL ST., TUCSON
Computer & Printer Specialists & Cyberteq Consulting, LLC leased 1,248-square-feet of office space at 1053 E. Mill Street. Tim Healy and Bob DeLaney of CBRE represented the landlord, Copper State Land, LLC in the transaction.

RETAIL – 3953 E. CAMLEBACK RD., PHOENIX, AZ
Zen Sushi, Inc. dba Sushiholic, inked a 5-year lease with Crow Holdings at Arcadia Village, 3953 E. Camelback Road, Phoenix, AZ, 85018 for 984-square-feet in a former Baskin Robbins suite. This is an expansion of the existing Sushiholic restaurant in the adjacent space. Torrey Briegel and Cameron Warren of Phoenix Commercial Advisors represented the landlord. Signed in 1st Q 2017. Brian & Tom Woods of Colliers International in Phoenix represented the tenant.

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SCOTTSDALE, AZ – Bank 34 has leased 10,500 square feet of Class A office space at The Pinnacle in Kierland IV, a development of Furst Properties.

The location, 14850 N. Scottsdale Road, is the New Mexico-based bank’s fourth full-service banking center. Other branches are located in Peoria, Ariz., Alamogordo, N.M., and Las Cruces, N.M. The bank’s name reflects its founding date in 1934.

The six-story, 200,000-square-foot Pinnacle in Kierland IV, gateway to the Kierland area, is located in a part of North Scottsdale with a concentration of financial services. Morgan Stanley is an anchor tenant in the nearly fully leased building. Other top-quality tenants include New York Life Insurance, Old Republic Title Holding Company, BMO Harris Bank and the Clark Hill law firm.

“Pinnacle in Kierland IV’s space availability was one of those ‘timing is everything’ opportunities for us to establish our Arizona base of operations in a manner to support our longer term growth plans,” said William Kauper, President of Bank 34.

Jim Watkins, Craig Coppola, Andrew Cheney and Gregg Kafka of Lee & Associates represented Furst Properties. Tom Boyle of Lee & Associates represented Bank 34.

“The Pinnacle in Kierland IV is the crown jewel of office properties in North Scottsdale,” Cheney said. “At 10,500 square feet, Bank 34 will have a larger footprint than other banks which typically lease 3,000-5,000 square feet in the area.”

In total, Furst Properties owns seven Class A office buildings in North Scottsdale. The 702,000-square-foot portfolio includes six buildings in the Kierland area and the Pinnacle in Perimeter Center building along the northeastern curve of Loop 101, near the TPC Scottsdale championship golf courses.

“Bank 34’s presence in North Scottsdale continues to expand the increasing selection of financial services available in the Kierland area,” said Austin Furst, president of Furst Properties.

The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of March 9 thru 13, 2015.

INDUSTRIAL – 101 BUSINESS CENTER, PHOENIX, AZ.
ViaWest Group recently signed a 5-year lease renewal for approximately 18,000-square-feet with ITT Technical Institute at West 101 Business Center. The project, referred to as West 101 Business Center, is comprised of three Class-A office buildings totaling 118,853 SF and with this transaction and other recent activity the property is now 88% leased. Located just one block north of 95th Avenue and McDowell Road, West 101 Business Center is a conveniently positioned just minutes from the intersection of I-10 and Loop 101.

“ViaWest is excited to continue our long-term relationship with ITT. They have been a great tenant at the property and we look forward to working with them for many years to come,” said Danny Swancey, of the ViaWest Group. ITT Technical Institute has over 130 locations in 38 states across the U.S.  ITT currently has four campuses throughout Arizona serving thousands of students annually.

“ITT was pleased to continue their lease at the building. The great West Valley location combined with the top-notch facilities were two very important factors in ITT’s decision. These characteristics, along with the great relationship between ViaWest and ITT, made the process easy,” said Andrew Cheney at Lee & Associates. Tyler Smith at Colliers International is the leasing broker for West 101 Business Center and continues to market the remaining 14,000 SF of vacancy. Andrew Cheney of Lee & Associates represented the Tenant.

OFFICE – 17851 N. 85^th ST., SCOTTSDALE, AZ.
A Scottsdale air ambulance provider signed a multi-million dollar, 5-plus year office lease for 15,875-square-feet at The Pinnacle in Perimeter Center, 17851 N. 85th St. in Scottsdale. The transaction was signed on February 10. Lee & Associates principals Jim Watkins, Craig Coppola, Andrew Cheney and associate, Gregg Kafka negotiated on behalf of the owners, Lot 15 Office Development, LLC. Steve Cross of Cross CRE procured the tenant, Aviation West Charters LLC. The company is a premier global air ambulance provider specializing in long-range critical air medical transport. The Perimeter Center space will be the new location of the company’s administrative offices. The Pinnacle in Perimeter Center is a 3-story, class A office building and is situated along the Loop 101 and Union Hills Dr. in the Scottsdale Airpark submarket. The building was constructed in 2006. The property features prominent freeway signage, 360-degree panoramic views of surrounding mountain ranges and 5 per 1,000 parking. It is nearby abundant amenities with over 50 restaurants within 2 miles of the center. It is located near other prominent corporate neighbors such as Taser International, Pulte Homes, Fender Guitar and GE Franchise Finance.

RETAIL – 1232 E. SOUTHERN AVE., MESA, AZ.
A lease for 1,220-square-feet at Copper Bell Plaza on the NEC Southern Ave & Stapley Dr in Mesa, AZ to MetroPCS was recently consummated. The owner of the center is Southern & Stapley Partners, LLC. Jared Lively of Rein & Grossoehme represented the Tenant and the Landlord on this transaction.