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Sperry Van Ness Advisors Report Recent Retail and Office Transactions

SVNSperry Van Ness Advisors reported closings of retail and office transactions totaling over $2 million this week.

RETAIL SALES:

First Credit Union North, located at 15505 N. Hayden Road in Scottsdale sold for $1,450,000. Erin Schrauth, Peter McQuaid and Greg Vanlerberghe represented the Seller, First Credit Union. Torrey Briegel of Phoenix Commercial Advisors represented the buyer, FFG Development, LLC.

Michael Gaida and Michael Franks represented the seller, Bernard Howard Realty, LLC, in the $445,000 sale of the 5,968 SF retail building located at 2829 E. Thomas Road in Phoenix. The buyer, EJG Investments, LLC was represented by Patrick Logue of Urban Group Realty, LLC.

OFFICE SALES:

Justin Horwitz represented the seller, SREF Warner Plaza Condo’s, LLC, in the $137,282 sale of a 1,654 SF office condo at Warner Plaza. Warner Plaza is located at 690 E. Warner Road, Suite 116 in Gilbert.

To learn more Erin Schrauth, Peter McQuaid, Greg Vanlerberghe, Michael Gaida, Michael Franks and Justin Horwitz can be reached through the Sperry Van Ness office at 480.425.5500

 

 




Activity Remains Strong in the Fourth Quarter for Sperry Van Ness Advisors

sperry Van NessRETAIL LEASES:

Momentum Salon leased 1,600 SF at Landis Crossing, located at 1006 E. Warner Road in Tempe. Mary Ridberg, Rommie Mojahed and Trenton McCullough of Sperry Van Ness represented the landlord.

Central Arizona College Subleased 1,307 SF of space at the Shops at Maricopa Fiesta, located at 20800 N. John Wayne Parkway in Maricopa. Mary Ridberg and Rommie Mojahed of Sperry Van Ness represented both the landlord and the tenant.

Blue 32 Sports Grill leased 4,801 SF at Chandler Heights Village. This new location is located at the NWC Higley Road and Chandler Heights Blvd.  Mary Ridberg and Rommie Mojahed of Sperry Van Ness represented the tenant.  This will be the fourth location in Arizona for Blue 32.  Lance Umble of Phoenix Commercial Advisors represented the landlord.

Origami Owl continues to expand and leased another 66,248 SF at 10 Chandler, located at 450 N. 54th Street in Chandler.  This brings the total SF leased in 2013 to over 147,000 SF.  Mary Ridberg and Rommie Mojahed with Sperry Van Ness represented the tenant. Jackie Orcutt of Cushman and Wakefield represented the landlord.

Crowne Fitness leased 2,820 SF at Landis Crossing, located at 1006 E. Warner Road in Tempe. Mary Ridberg, Rommie Mojahed, Trenton McCullough and Shari A. Tucker-Gasser of Sperry Van Ness represented the landlord. Russell Fine at GPE represented the Tenant. Peter McQuaid, Greg Vanlerberghe and Erin Schrauth of Sperry Van Ness represented the landlord to lease the last available space at the Aleman Rodriguez Building, located at 96th Avenue and Van Buren in Tolleson. Metro PCS will occupy the 1,500 SF early next year.

Peter McQuaid, Greg Vanlerberghe and Erin Schrauth of Sperry Van Ness represented the tenant, Booty’s Wings, Burgers and Beers, to lease 3,100 SF at The Shoppes at Buckeye Marketplace.  The center is located at the SWC of Watson Road and Yuma Road in Buckeye. Paul Honeycutt of NAI Horizon represented the landlord.

Mike Gaida and Michael Franks of Sperry Van Ness represented the landlord at Grove Towne Center to lease 2,000 SF to Ike’s Place.  The center is located at 1130 W. Grove Avenue in Mesa.

RETAIL SALES:

Shari A. Tucker-Gasser and Judy Jones of Sperry Van Ness represented the seller, Eagle Western Properties, LLC in the sale of a 27,356 SF retail parcel at the NEC of Cave Creek Road and Cactus Road in Phoenix.  The buyer, Patel and Khaler Investments, LLC purchased the property for $217,000 and was represented by Thom Khaler of DPR Commercial.

Neil Sherman, Mary Ridberg and Rommie Mojahed of Sperry Van Ness  represented the seller, Barkley Main Street, LLC in the $800,000 sale of Barkley Square.  The 19,240 SF retail center is located at 1437 E. Main Street in Mesa.  The buyer, Scottsdale Property Investors, LLC was represented by Tom Semancik of CPI.

OFFICE LEASES:

Justin Horwitz and Nicole Ridberg of Sperry Van Ness represented the landlord at Arrowhead Tech to lease 4,420 SF to Muscato Enterprises, LLC. Arrowhead Tech is located at 17347 N. 71st Drive in Glendale.

Info System Management leased 1,309 SF at Ventura Gateway.  Justin Horwitz and Nicole Ridberg of Sperry Van Ness represented the landlord. Nathan Wade with 22Back represented the tenant.

Mary Ridberg and Rommie Mojahed of Sperry Van Ness represented the tenant, Advanced Plastic Surgery, to lease 2,958 SF at The Forum. This 80,000 SF medical and general office condo project is located at 1506 E. Williams Field Road, Building B in Gilbert.  Jason Hersker of Capital Asset Management represented the landlord.

Justin Horwitz and Nicole Ridberg of Sperry Van Ness represented both the landlord and the tenant at Spectrum Falls to lease 4,912 SF of office space to San Tan Natural Medicine. Spectrum Falls is located at 2730 S. Val Vista Drive in Gilbert.

 

 




PHOENIX LEASE REPORT – SEPT. 30 – OCT 4, 2013

Agua Fria Town Center (photo courtesy Velocity Retail Group)
Agua Fria Town Center (courtesy photo Velocity Retail Group)

GROUND LEASE AT Gilbert & Germann in Chandler, AZ
Michael Clark and Dave Cheatham of Velocity Retail Group in Phoenix represented the landlord, Accelerated Development Services and Wadsworth Development in a 20 year ground lease of 1.73 acres located at the southwest corner of Gilbert and Germann in Chandler, Arizona. The Tenant, First Choice ER, was represented by Todd Folger of CBRE in Phoenix. The tenant plans to build an approximate 6,500 square foot facility, and be open for business by second quarter of 2014.

OFFICE – 1580 N FIESTA BLVD, GILBERT, AZ
A lease for 34,368 sq. ft. in Fiesta Tech Center in Gilbert was recently consummated. The owner of the property is D Ray Hult Family, LP. Steve Grossoehme and Dan Casey of Rein & Grossoehme represented the owner and Payson MacWilliam and Don MacWillian of Colliers represented an undisclosed tenant.

RETAIL – CHANDLER PAVILLIONS II, CHANDLER, AZ
Velocity Retail’s Dave Cheatham and Nick Ault represented the tenant, My Pigsty in the lease of a 34,000 sq. ft. space at Chandler Pavillions II on the southeast corner of Harrison and 54th Street in Chandler. The landlord, MDI 154, LLC was represented by Mike Polachek of SRS Real Estate Partners. The space was previously occupied by Ultimate Electronics.

RETAIL – 441 S WATSON ROAD, BUCKEYE, AZ
Goodwill of Central Arizona finalized a 25,000 sq. ft. build-to-suit lease with DTD Devco 12, LLC, an entity controlled by Desert Troon Companies, at Watson Marketplace, 441 South Watson Road in Buckeye, AZ. Andy Kroot of Velocity Retail Group in Phoenix represented the tenant.

OFFICE – 3135 S PRINCE RD, CHANDLER, AZ
Tom Bean and Laurel Lewis of NAI Horizon in Phoenix represented the landlord, Hangar Winters Ventures LLC, in a 15 month office lease transaction for a 4,950 sq. ft. space at 3135 South Price Road in Chandler, AZ. Josh Wyss and Bruce Calfee with Cassidy Turley represented the tenant, Insys Therapeutics, Inc.

RETAIL – PEORIA PLAZA SHOPPING, PEORIA, AZ
Westbrook Animal Hospital leased a 3,004 sq. ft. space at Peoria Plaza Shopping Center, located at the southwest corner of Union Hills and 91st Avenue in Peoria and was represented by John Appelbe of Cassidy Turley. Judi Butterworth and Nick Ault of Velocity Retail Group in Phoenix represented the landlord, Shambhala Development, LLC

OFFICE – 8101 N 19TH AVE. SUITE A, PHOENIX, AZ
NextCare Arizona, LLC leased a 4,086 sq. ft. space at 8101 N. 19th Avenue, Suite A, in Phoenix. The landlord, Kling/Stong Trust was represented by Andy Kroot of Velocity Retail in Phoenix, and the tenant was represented by Ed Beeh and Robbie Petty of SRS Real Estate Partners in Phoenix. The space was formerly an O’Reilly Auto Parts Store.

OFFICE – 8687 E VIA DE VENTURA, SCOTTSDALE
Justin Horwitz of Sperry Van Ness in Phoenix represented the landlord at Ventura Gateway to lease 2,987 sq. ft. to Alert GPS Holdings, Inc. The tenant was represented by Tanner Milne of Menlog CBRE.

OFFICE – 1100 S DOBSON RD, CHANDLER, AZ
Mike Myrick and Alexandra Loye of NAI Horizon in Phoenix represented the tenant, Arizona Orthopedics, PLLC, in a 65 month medical lease transaction for a 2,930 sq. ft. space at 1100 South Dobson Road in Chandler, AZ. Phil Wurth with Colliers International of Phoenix represented the landlord, SDBP III, LP.

RETAIL – 13200 W FOXFIRE DR, SURPRISE, AZ
Mark Wilckeof NAI Horizon in Phoenix represented the tenant, Sisco’s Fabrication and Custom Body Work, LLC, in a 63 month industrial lease transaction for a 2,851 sq. ft. space at 13200 West Foxfire Drive in Surprise, AZ. John Pompay with Cassidy Turley represented the landlord, Foxfire Two, LLC.

RETAIL – GILBERT FIESTA II, GILBERT AZ
Leslie Pools lease 2,800 sq. ft. at Gilbert Fiesta II in Gilbert. Greg Vanlerberghe and Erin Schrauth of Sperry Van Ness in Phoenix represented the landlord. Darlene Saunders of Sperry Van Ness in Phoenix represented the tenant.

OFFICE – 14614 N KIERLAND BLVD, SCOTTSDALE, AZ
Laurel Lewis of NAI Horizona in Phoenix represented the tenant, Cornerstone Home Lending, Inc., in a 40 month office lease transaction for a 2,771 sq. ft. space at 14614 North Kierland Boulevard in Scottsdale, AZ. Luke Walker with CBRE in Phoenix represented the landlord, Abart Properties VIII Holding Company, LLC.

RETAIL – 2480 W HAPPY VALLEY RD, PHOENIX
Rod Works leased a 2,488 sq. ft. space at The Shops at Norterra, located at 2480 W. Happy Valley Road, Phoenix. Velocity Retail Group’s Jim Edwards and Larry Miller represented the tenant. The landlord, RED Development/USAA, was represented by Heather Randall of RED Development in Phoenix. This will be Rod Works second valley location, and is set to open in November of this year.

OFFICE – 8765 W KELTON LN, PEORIA, AZ
Barbara Lloyd and Lane Neville of NAI Horizon of Phoenix represented the landlord, Pathfinder TRF Four, LLC, in a 38 month office lease transaction for a 2,135 sq. ft. space at 8765 West Kelton Lane in Peoria, AZ. Rob Ryan with West USA Commercial represented the tenant, Barress and Barress, LLC.

RETAIL – CAMP VERDE OUTPOST MALL, CAMP VERDE, AZ
Greg Vanlerberghe and Erin Schrauth of Sperry Van Ness in Phoenix represented both the landlord and tenant at Camp Verde Outpost Mall to lease 2,088 sq. ft. to Camp Verde Eye Care.

OFFICE – 4515 S McCLINTOCK DR, TEMPE, AZ
Tom Bean and Barbara Lloyd of NAI Horzon in Phoenixz represented the landlord, Tempe CC, LLC, in a 52 month office lease transaction for a 1,586 sq. ft. space at 4515 South McClintock Drive in Tempe, AZ. Laurel Lewis with NAI Horizon represented the tenant, Two Suns Health Services, LLC.

RETAIL – GILBERT FIESTA II, GILBERT AZ
The Tilted Mirror clothing boutique leased 1,400 sq. ft. at Gilbert Fiesta II. The property is located on Williams Filed Road in Gilbert. Greg Vanlerberghe and Erin Saunders of Sperry Van Ness in Pheonix represented the tenant.

Union Hills & 91st Ave, Phoenix (courtesy photo Velocity Retail Group)
Union Hills & 91st Ave, Phoenix (courtesy photo)

RETAIL – PEORIA PLAZA SHOPPING, PEORIA, AZ
Judi Butterworth and Nick Ault of Velocity Retail Group in Phoenix represented the landlord, Shambhala Development, LLC in a lease of 1, 200 sq. ft. to Awen’s Day Spa at Peoria Plaza Shopping Center, located at the southwest corner of Union Hills and 91st Avenue in Peoria

RETAIL – AGUA FRIA TOWNE CENTER, PHOENIX
Take or Bake Pizza has chosen Agua Fria Towne Center at the northeast corner of Camelback Road and Loop 101 for its first Phoenix location. The tenant leased 1,100 sq. ft. from Oak Tree Three Investments, LLC in a new 5-year deal. Nick DeDona with Strategic Retail Group of Phoenix represented the tenant. Judi Butterworth and Nick Ault of Velocity Retail Group in Phoenix represented the landlord.

RETAIL – 20797 N JOHN WAYNE PARKWAY, MARICOPA, AZ
Chris Gerow, Shelby Tworek, and Gabe Ortega of NAI Horizon represented the landlord, USB NA as Trustee for JPM 2007-LDP12-Maricopa Marketplace, in a 3 year retail lease renewal for a 1,080 sq. ft. space at 20797 North John Wayne Parkway in Maricopa, AZ.

RETAIL – 6740 E UNIVERSITY DR, MESA, AZ
Michael Franks and Michael Gaida of Sperry Van Ness in Phoenix represented Winks Smoke Shop in a 1,020 sq. ft. lease at Tapanema Plaza at 6740 E University Drive in Mesa. Franks and Gaida also represented the landlord.