Phoenix Lease Report – March 2 – 6, 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 March 2 thru 6, 2015.

RETAIL – NWC 77th AVE. & BELL RD., PEORIA, AZ.
A lease for 18,306-square-feet to American Furniture Galleries was recently consummated.  The location of the property is NWC of 77th Ave. and Bell Rd. in Peoria, AZ.  Joshua Stewart of Rein & Grossoehme represented the Tenant and Martin Leon of DeRito Partners  represented the Landlord.

RETAIL – 15620 N. 35th AVE., PHOENIX, AZ.
A lease for 2,200-square-feet in The Palms Shopping Center to Apostolic Faith was recently consummated.  The location of the property is 15620 N. 35th Avenue in Phoenix, AZ.  Richard Mackay of Rein & Grossoehme represented the Owner and the Tenant.

RETAIL – SEC TATUM & GREENWAY, PHOENIX, AZ.
A lease for 2,000-square-feet in Arcadia Commons to Your Mattress was recently consummated.  The location of the property is the SEC of Tatum and Greenway in Phoenix, AZ. Joshua Stewart of Rein & Grossoehme represented the Owner and Mike Myrick of NAI Horizon  represented the Tenant.

RETAIL – 7000 E. MAYO BLVD., PHOENIX, AZ.
A lease for 1,260-square-feet in Scottsdale 101 Shopping Center to One Stop Nutrition was recently consummated.  The location of the property is Scottsdale Rd. and Mayo in Phoenix, AZ.  One Stop Nutrition has 16 other locations. The owner of the center is Scottsdale 101 Retail, LLC. Joshua Stewart of Rein & Grossoehme represented the Tenant and Mark LeBlanc of Macerich represented the Landlord.

RETAIL – 748 E. BELL RD., PHOENIX, AZ.
A lease for 1,200-square-feet to One Stop Nutrition was recently consummated.  The location of the property is 748 E. Bell Rd. in Phoenix, AZ.  One Stop Nutrition has 16 other locations. The owner of the center is Pier Estates 7th Ave, LLC. Joshua Stewart of Rein & Grossoehme represented the Tenant and Richard Green of S-G Management represented the Owner.




184 Million Americans to Watch 2015 Super Bowl, Spend $14.3 Billion

Logo-Super_Bowl_XLIX_ArizonaWASHINGTON, DC – The most widely watched sporting event of the year will draw an estimated 184 million viewers when the Seattle Seahawks return to the Super Bowl after last year’s win to face the New England Patriots on Sunday, February 1, for Super Bowl XLIX.

According to NRF’s Super Bowl Spending Survey conducted by Prosper Insights & Analytics, average viewer spending will reach a survey high of $77.88, up from $68.27 last year, with fans planning to splurge on everything from game day food and new televisions to athletic wear and decorations. Total spending is expected to reach $14.3 billion.*

“With renewed confidence in the economy and the outlook for 2015, consumers are looking forward to some good old-fashioned fun with their friends and family to celebrate the big game,” said NRF President and CEO Matthew Shay. “Retailers will take full advantage of the expected traffic from avid fans by making sure they have adequately invested in décor, party food and accessories and other Super Bowl-related inventory.”

Of the 75.8 percent planning to watch the game, nearly eight in 10 (79.3%) will purchase food and beverages, 10.8 percent will buy team apparel or accessories, and 8.8 percent will splurge on new televisions to watch the game at home.

According to the survey, the nearly 43 million viewers planning to host a Super Bowl party should expect a full house as one-quarter (25.9%) of those surveyed say they plan to attend a party to celebrate the big game with friends and family. Bars and restaurants can also expect a good turnout on February 1 with more than 13 million viewers planning to head out to watch at their favorite local spot.

Nearly half of viewers (46.8%) say that the game itself is the most important part of the day, and nearly one-third (41.3%) of those planning to watch say that the most important parts for them are the commercials and hanging out with friends and family. Additionally, a record 11.9 percent of viewers this year say the most important part of the Super Bowl for them is the half-time show.

While all age groups agree the game itself is the most important part of Super Bowl Sunday, the survey also found differences among specific age groups when it comes to the importance of commercials, the half-time show and seeing friends and family. According to the survey, one in five (22.8%) 18-to 24-year-olds say the most important part of the game is the commercials, the highest of any other age group, and 25-to-34-year-olds say getting together with friends is the most important part of the day (15.4%), highest among all the other age groups.

While more than three-quarters (77.1%) of viewers say they look at Super Bowl commercials as entertainment, others feel that the commercials make them more aware of the advertiser’s brand (20.1%). For those who do not have favorable opinions of the commercials, many think the advertisers should save their money and pass the savings along to the consumers (16.6%) and 9.7 percent say the commercials make the game last too long.

“More viewers than ever are planning to tune in on game day this year as these connected consumers reach to multiple channels to join in with other fans and follow their favorite national brands,” said Prosper’s Principal Analyst Pam Goodfellow. “Beyond the game, viewers will use this day to catch up with friends and family and treat themselves to their favorite game day treats.”

Millennials will show their spending power this year for the Super Bowl: young adults ages 18-24 plan on spending an average of $95.92; those ages 25-34 and 35-44, however, will spend slightly more at an average of $101.54 and $102.82, respectively.

Santa Monica, Calif.–based Macerich, which owns many of the major malls in Phoenix, has its own plans to capitalize on local interest in the game. The company has organized a weeklong event called Fan Fest Scottsdale, at Scottsdale (Ariz.) Fashion Square, which the firm says will drive traffic and sales at the 1.9 million-square-foot shopping center in the lead-up to the Super Bowl. The game takes place at the University of Phoenix Stadium on Feb. 1. ESPN will broadcast from the shopping center all week and will feature appearances by coaches and players, a fashion show with NFL players’ wives and similar activities. Macerich developed Fan Fest with the city of Scottsdale and the Scottsdale Convention & Visitors Bureau. There will be product demonstrations and tastings, as well as games and competitions, giveaways and more, through sponsors Chobani, Chrysler, Coca-Cola, Dick’s Sporting Goods, Dole, Maui Jim, Sparkling Ice and others. Financial details of the sponsorships were not disclosed.

 




Gregg Kafka Promoted to Associate at Lee & Associates

Greg Kafka
Gregg Kafka

PHOENIX, AZ – Gregg Kafka has been promoted to Associate at Lee & Associates Arizona. He was a Runner with The Coppola Cheney Group for 30 months and will now join the team as a broker.

Kafka specializes in the representation of offi ce landlords and tenants in the leasing and sales of office properties in the metropolitan Phoenix real estate market. His extensive knowledge of the Phoenix market is complemented through analysis and marketing skills involving tenant relocation, tenant expansion, lease negotiations, market analysis and property marketing.

These qualities, along with a strong work ethic, have earned him respect from the brokerage community. Kafka, under the guidance of Principals Craig Coppola and Andrew Cheney, has worked tirelessly during his time with the team to assist with developing new opportunities and all related activities.

“With his construction background, Gregg adds a unique perspective our clients highly value,” said Andrew Cheney, Principal with Lee & Associates. “The rest of the firm values Gregg as a dynamic broker and is excited to have him aboard as an Associate.”

He previously worked for Macerich, one of the largest retail REITs  in the U.S. where he provided construction and lease analysis for the company.

Kafka holds an Arizona Real Estate License and a Bachelor of Science in Construction Management degree from Arizona State University.

Kafka can be reached at (602) 912-3536 or at gkafka@leearizona.com.