Phoenix Lease Report February 8 – 12, 2016

Phoenix skyline 450x250 LEASE REPORTThe following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from February 8 thru 12, 2016

OFFICE – 13610 N. BLACK CANYON HIGHWAY, PHOENIX
An Atlanta-area healthcare information management firm signed a long-term, 55,000-sqaure-feet office lease at Metro North Corporate Park, 13610 N. Black Canyon Highway, Phoenix. The company is expected to occupy the space in March or April, 2016. Plans call for a back office space with a 500-seat call center. Steve Farrell, Principal with Lee & Associates negotiated the transaction with assistance from Scotland Wright Associates, Atlanta, GA. Ray Cashen of Cashen Realty Advisors, Phoenix, represented the lessor. “The Metro North facility offered significant expansion opportunities over the lease term and provided parking solutions for their expected growth,” said Farrell.  HealthPort is the nation’s largest provider of release of information (ROI) services and audit management and tracking technology for hospitals, health systems, physician practices and clinics to process and fulfill medical record requests and maintain compliance.  Metro North Business Park, Building A is a 302,507-square-foot office building featuring a generous 10:1,000 parking ratio, is close to many area restaurants and hospitality venues and has a strong presence along the I-17 Freeway.

RETAIL – 596 E GERMANN RD., GILBERT
The Arizona family-owned company, Potato Barn has locations in Scottsdale, Mesa, and Gilbert.  The most recent deal included adding another 19,108-square-feet to the pre-existing 35,000-square-feet to its original outlet location at 596 E. Germann Rd. in Gilbert.  Potato Barn owner, Mike Bongiorno said, “We are very excited to be expanding in Gilbert.  This Potato Barn Outlet location has exceeded our expectation and we now are considering opening Friday’s.”  The outlet is currently open on Saturdays from 10AM – 6PM.  “We appreciate all the support from the community and look forward to growing in Gilbert,” Bongiorno feels the outlet may have to be open to the public another day. The tenant rep deal involved, Kyle Westfall with JLL, who represented the Landlord and SVN Desert Commercial Advisors, Mary Nollenberger and Rommie Mojahed represented the tenant, Potato Barn. “Potato Barn has experienced tremendous growth. They offer a unique product at the very lowest price,” Mojahad said.  “Their original location was a barn, and now they have locations in regional power centers in Gilbert, Scottsdale, and Mesa.”

INDUSTRIAL – 2546 W. BIRCHWOOD AVE., MESA
Arch Nutraceuticals, Manhattan, KS, signed a 20,300-square-foot, 5-year-plus lease at Broadway Business Park, 2546 W. Birchwood Ave, Mesa. Marc Pierce of Lee & Associates represented Arch Nutraceuticals while James Harper and Pete Klees of Cushman & Wakefield represented the lessor, Anderson Team III, LLC, Tempe. Built in 1998, the 40,628-square-foot warehouse building features heavy power, 16’- 18’ clear height, 4 drive-ins and 4 exterior docks. The building is located a few blocks east of the Loop 101 and evenly between the Loop 202 and US 60.

INDUSTRIAL – 222 S. DATE ST., MESA
Goodman Distribution Inc., Houston, TX, a distributor of wholesale HVAC products and equipment, renewed their lease for 30,972-square-feet for an additional 60-months at 222 S. Date St., Mesa. Lee & Associates Principal Marc Pierce represented the landlord, Date St. Properties, while Will Strong with Cushman & Wakefield and Anthony Fritsche with Fritsche Anderson Realty Partners, Houston, TX represented Goodman. The industrial manufacturing building, built in 1977 features 18’ clear height, heavy power and two drive-in doors. It is close to both the Loop 101 and 202 freeways.

RETAIL – 10405 N. 31st AVE., PHOENIX
Brian & Tom Woods of Collier, represented Famous Footwear on a 10-year lease with ACP Metro Towne Center, LLC at the SWC 28th Drive and Peoria Avenue, 10405 N. 31st Ave. Phoenix, AZ, 85051 for 8,002-square-feet.  Newmark Grubb Knight Frank, Tim Westfall and Ryan Moroney represented the Landlord.

RETAIL – 2920 E. GERMANN RD., CHANDLER
Brian & Tom Woods of Collier, represented Vestar Development on a 10-year lease with Mattress Firm at Crossroads Towne Center 2920 E. Germann Road, Chandler, AZ, 85286 for 6,527-square-feet.  Velocity Retail Group, Michael Clark represented the Tenant.

RETAIL – 245 E. BELL RD., PHOENIZ
Brian & Tom Woods of Collier, represented Nexus Development on a 10-year lease with Chronic Tacos at Bell Towne Plaza, 245 E. Bell Road, Suite A-2, Phoenix, AZ, 85022 for 2,223-square-feet.  Keyser, Mike Leonard, represented the Tenant.

RETAIL – 1245 W. CHANDLER BLVD., CHANDLER
Brian & Tom Woods of Collier, represented Chandler Alma School Partners, LLC on a 10-year lease with Starbucks at the SWC of Chandler Blvd & Alma School Road, 1245 W. Chandler Blvd, Chandler, AZ, 85224 for 1,800-square-feet.  Phoenix Commercial Advisors Lance Umble represented the Tenant.




Phoenix Lease Report December 7 – 11, 2015

Phoenix skyline 450x250 LEASE REPORTThe following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from December 7 thru 11, 2015.

RETAIL – NEC 39th AVE. & PINNACLE PRAK RD., PHOENIX
Velocity Retail Group’s Andy Kroot represented Goodwill of Central Arizona in the lease of a space at the northeast corner of 39th Ave. and Pinnacle Peak Rd. in north Phoenix. The 42,504-square-foot full retail store will replace the former Safeway. Kimco Realty Corporation is the landlord in the 10-year agreement.

RETAIL – SWC 99th AVE. & CAMELBACK RD., PHOENIX
Andy Kroot also represented Goodwill of Central Arizona in the lease of a 22,065-square-foot space at the southwest corner of 99th Ave. and Camelback Rd. Alan Zell of ZELL Commercial Real Estate Services Inc. represented the landlord, Newbrush Properties, LLC, in the 15-year transaction. Located in Colombia Plaza Shopping Center, the full retail store will also contain a drive thru for donation drop off.

RETAIL – 2625 E. GREENWAY PKWY., PHOENIX
John Jackson and Larry Miller of Velocity Retail Group represented AEGON in the lease of their 8,008-square-foot space to E Institute in the Greenway Crossing shopping center.  Located on Greenway Road just east of Cave Creek Road, the new location is opened in November and has a lease term of 5 years.

RETAIL – CHANDLER HEIGHTS VILLAGE, PHOENIX, AZ
John Jackson and Larry Miller represented The Sherwin-Williams Company in the lease of a 4,000 square foot space in Chandler Heights Village. The landlord in the transaction was CPG Chandler Heights & Higley Retail, LLC, an entity of Camelback Realty Group’s Aaron Klusman. The new pad is located at the northwest corner of Chandler Heights Rd. and Higley Rd. With this 10-year agreement, Sherwin-Williams joins Dunkin’ Donuts in this to-be-constructed pad building in Gilbert, Arizona.

RETAIL – 4231 E. THOMAS RD., PHOENIX
John Jackson and Larry Miller again represented The Sherwin-Williams Company in the leasing 3,932-square-feet of space at 4231 E. Thomas Rd. in Central Phoenix. Christiansen Properties is the landlord in the 10 year agreement. Their newest store opened December 1st of this year.

RETAIL – NEC CHAUNCEY LN., & SCOTTSDALE RD., SCOTTSDALE
Velocity Retail Group’s Darren Pitts and Michael Clark represented Mattress Firm in the lease of a 3,850-square-foot space at the northeast corner of Chauncey Ln. and Scottsdale Rd in north Scottsdale. The landlord in the lease is BCB Group Investments, LLC. This is a 10-year deal which is set to open in the third quarter of 2016.

RETAIL – SEC RITTENHOUSE RD & ELLSWORTH LOOP, QUEEN CREEK
Mattress Firm also leased space in Queen Creek. The team of Darren Pitts and Michael Clark also paired up to represent Mattress Firm in the lease of a 3,800-square-foot space at the southeast corner of Rittenhouse Rd. and Ellsworth Loop Rd. in Queen Creek. The new store is set to open in the 2nd quarter of 2016. Phoenix Commercial Advisor’s Zach Pace represented the landlord, Thompson Thrift, in the 10-year lease agreement.

RETAIL – SWC McDOWELL & LITCHFIELD RD., PHOENIX
Dave Cheatham at Velocity Retail Group, represented Carter’s Retail, Inc. in the 10-year lease of a 3,792-square-foot space at Palm Valley Pavilions at the southwest corner of McDowell and Litchfield Roads.  Carter’s, which is based out of Atlanta, plans to have its 10th valley location open in the 2nd quarter of 2016. Alan Houston and Brian Polachek of SRS Real Estate represented the landlord, PV PW Corp.

RETAIL – SEC UNIVERSITY & DOBSON RD., MESA
Velocity’s Brian Gast represented Circle K in a two-parcel assemblage on the southeast corner of University and Dobson Road in Mesa.  The purchase the parcels total approximately 36,111-square-feet of land with a 3,348-square-foot building.  The Sellers were Ervan C. Rokey and Ione O. Rokey Family Revocable Living Trust and E&B Investments, LLC. The sellers were represented by Mark Tomich of Sun State Realty. The new Circle K is set to open January 15, 2016.

RETAIL – NE CORNER of BETHANY HOME RD., & 35th AVE., PHOENIX
The trio of Michael Clark, Larry Miller, and John Jackson represent PDG Shopping Centers America, LLC, a subsidiary of Northstar Realty Finance, in the lease of a 2,120-square-foot space to Metro PCS. The new site located at Bethany Towne Center on the northeast corner of Bethany Home Rd. and 35th Ave. is set to open in February of 2016. This will be Metro PCS’s first corporate-owned store and will serve as the flagship Metro PCS in the Phoenix market. Sean Bishop of Middlefork Commercial represented the tenant in the 5-year deal.

RETAIL – SEC WILLIAMS FIELD RD. & GILBERT RD., GILBERT
Brian Gast and Nick Ault represented Andrew Simon of Simon Chiropractic Center in the lease of a 1,300-square-foot facility east of the southeast corner of Williams Field Rd. and Gilbert Rd. in Gilbert, Arizona. The landlord in the 5-year deal is Gilbert Fiesta II Lots 2&3, LLC, which was represented by LevRose Commercial Real Estate’s Greg Vanlerberghe. The new location is scheduled to open in December of this year.

RETAIL – NWC ANTHEM WAY & VENTURE RD., ANTHEM
Larry Miller and John Jackson of Velocity Retail Group represented Anthem IAG, LLC in the lease of a 1,211-square-foot space to Mijo’s Mexican Kitchen. Located at the northwest corner of Anthem Way and Venture Dr., the store opening on the 1st of the New Year will be Mijo’s first location in the market. Tom Kolb with Keller Williams Commercial represented the tenant in the 5-year transaction.

 




Cowboys Saloon to Lasso New Business at Peoria’s Park West

Park WestPhoenix, AZ Cowboys Saloon will soon open a new location in the Park West shopping center located at the northwest corner of Northern and the Loop 101 Freeway in Peoria, Arizona. The 18,339 square foot restaurant and bar is projected to open January 1, 2016. Velocity Retail Group represented The Howard Hughes Corporation, the owner of the shopping center, in the transaction and agents John Jackson, Larry Miller and Michael Clark teamed up to finalize the ten-year lease. The tenant was represented by Starpoint Commercial’s Joshua Rush.

“Cowboys Saloon is one of several new additions coming Park West,” said John Jackson, associate vice president at Velocity Retail Group. “Look for more tenant announcements in the coming months. Park West is a dynamic shopping center that provides a variety of shopping, dining and entertainment options all in one place,” he added.

The entire project totals 250,000-square-feet of superior retail. The project includes stunning finishes, flexible floor plans, and charming tree-lined streets for visitors to access their shopping favorites. Future plans include the addition of a 160,000-square-foot Innovation Campus which will eventually house higher education, technology offices, and future multi-family.