Phoenix Lease Report March 25-29, 2019

Phoenix Lease Report – March 25-29, 2019

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from March 25 thru 29, 2019.

INDUSTRIAL – 2316-2328 W HUNTINGTON DR., TEMPE
Jeff Adams of NAI Horizon represented the tenant, Big City Insulation, Inc., in a 36-month industrial lease for 19,846-square-feet at 2316-2328 W. Huntington Drive, Tempe, AZ. Matt McDougall & Chris McClurg with Lee & Associates represented the landlord, Highland Associates, LLC.

RETAIL – 185 W APACHE TRAIL, APACHE JUNCTION
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the tenant, Peddlers Mall, LLC, in a 63-month retail lease for 14,000-square-feet at 185 W. Apache Trail, Apache Junction, AZ. Brian Gausden with Western Retail Advisors represented the landlord, SimonCRE Lodgepole, LLC.

OFFICE – 7500 N DREAMY DRAW DR., PHOENIX
Laurel Lewis of NAI Horizon represented the tenant, Adopt Technologies, in a 38-month office lease for 4,605-square-feet at 7500 N. Dreamy Draw Drive, Phoenix, AZ. Greg McMillian with Cushman & Wakefield represented the landlord, BH Squaw Peak, LLC.

OFFICE – 4515 S MCCLINTOCK DR., TEMPE
Tom Bean, CCIM, and Jay Mininberg, J.D. of NAI Horizon represented the landlord, Tempe CC, LLC, in a 48-month office lease for 3,333-square-feet at 4515 S. McClintock Drive, Tempe, AZ. Dominic Perry with Avison Young represented the tenant, GoTechNow.com, LLC.

RETAIL – 1805 E ELLIOT RD.,  TEMPE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the tenant, Philly’s on Elliot, LLC, in a 63-month retail lease for 3,300-square-feet at 1805 E. Elliot Road, Tempe, AZ. The landlord, Pollack Royal Palm Plaza, LLC, represented itself.

WAVEMAX LAUNDRY TO CLEAN UP AT WINSOR RANCH IN PHOENIX
WaveMax has leased a 3,221-square-foot space to open a state-of-the-art laundromat in Winsor Ranch at 3415 W. Glendale Avenue, Phoenix, Arizona. WaveMax will carry the best equipment on the market, from washers which will automatically weigh the clothes and use the precise amount of water required for best possible wash to Eco Power dryers! Donna Reece of ZELL Commercial Real Estate Services represented the Landlord, while Shelby Tworek of NAI Horizon represented the Tenant.

RETAIL – 4024 E GUADALUPE RD., GILBERT
Matt Harper, CCIM, of NAI Horizon represented the landlord, GGR Holdings, Inc., in a 126-month retail lease for 2,841-square-feet at 4024 E. Guadalupe Road, Gilbert, AZ. Mark Haslip with the Menlo Group represented the tenant, Cattron’s DMD, PLLC.

RETAIL – THE PALMS CENTER, PHOENIX
A lease for 2,400-square-feet in The Palms Center to Dive In Deli was recently consummated.  The location of the property is 15610 N 35th Ave in Phoenix, AZ.  Nic Chavira of Rein and Grossoehme Commercial Real Estate represented the owner and the tenant.

ATHLETICO PHYSICAL THERAPY OPENS AT THE UNION AT GILBERT
Athletico Physical Therapy has leased 2,100-square-feet at 3310 S. Higley Road, Gilbert, AZ in The Union at Gilbert. Athletico Physical Therapy with more than 25 years of experience in helping remove pain and discomfort from people’s lives, while specializing in working with athletes, and weekend warriors of all ages. Dena Zell of ZELL Commercial Real Estate Services & Luke Patterson of Swearingen Realty Group represented the Tenant on the Lease, while Chuck Gibson of SRS Real Estate Partners represented the Landlord on the Lease.

RETAIL – 6445 N 51ST AVE., GLENDALE
Matt Harper, CCIM, of NAI Horizon represented the landlord, Robert & Arlene Thatcher, in a 39-month retail lease for 1,550-square-feet at 4740 W. Glendale Ave., Glendale, AZ. Erin Schrauth with Strategic Retail Group represented the tenant, Boost Mobile.

RETAIL – 6170 S 51ST AVE., LAVEEN
Matt Harper, CCIM, of NAI Horizon represented the landlord, The Shops at Phoenix, LLC, in a 64-month retail lease for 1,490-square-feet at 6170 S. 51st Ave., Laveen, AZ. Bryan Mortenson with LRA represented the tenant, Arizona Foot and Ankle Medical Center, LLC.

RETAIL – 2829 E UNIVERSITY DR., MESA
Matt Harper, CCIM, of NAI Horizon represented the landlord, the Chahoud Family Trust, in a 60-month retail lease for 1,436-square-feet at 2829 E. University Drive, Mesa, AZ. The tenant, Misty Virgil, represented itself.

OLGA BROW STUDIO TO RELOCATE TO 7411 E. 6TH AVENUE, SCOTTSDALE
Olga Brow Studio has leased 1,342-square-feet at 7411 E. 6th Avenue, Scottsdale, AZ to relocate from their location on Scottsdale Road. Olga’s mission in life is simple – helping a woman look and feel her best. Dena Zell of ZELL Commercial Real Estate Services represented the Tenant, while Danielle Davis of LevRose Commercial Real Estate represented the Landlord on the Lease.

PAWLOR PETS SOON TO JOIN SUN SHADOW SQUARE IN SUN CITY
Pawlor Pets has leased 1,306-square-feet at Sun Shadow Square at 10050 W. Bell Road, Sun City, AZ. Pawlor Pets will use natural, high-quality shampoos and conditioners specifically designed to be environmentally safe with biodegradable ingredients ensuring a positive pet grooming salon experience. Donna Reece of ZELL Commercial Real Estate Services represented the Landlord, while Bob Myers of Phoenix West Commercial, LLC represented the Tenant on the Lease.

MASKADORES TACO SHOP TO BRING GREAT MEXICAN CUISINE TO DESERT VALLEY PLAZA
Maskadores Taco Shop has leased 1,240 square feet in Desert Valley Plaza located on the SEC of 40th Street and E. Bell Road at 4001 E. Bell Road in Phoenix, Arizona. Maskadores Taco Shop is a local chain of “wrestling themed” (lucha libre) Mexican eateries offering nearly 20 kinds of tacos, burritos, enchiladas, tostadas, quesadillas and nachos. Dena Zell of ZELL Commercial Real Estate Services represented the Landlord, while Nick DeDona of Phoenix Commercial Advisors represented the Tenant on the Lease.

METRO BY T-MOBILE OPENS IN PONDEROSA VILLAGE IN PAYSON
METRO BY T-MOBILE has leased 1,200 square feet in Ponderosa Village located at 203-401 E. Highway 260, Payson, Arizona. Metro by T-Mobile is a prepaid wireless carrier with a network throughout the United States. Donna Reece of ZELL Commercial Real Estate Services represented the Landlord, while Sean Bishop of Lee & Associates represented the Tenant.

NEW OWNERS OF THE POOL SHOP SIGN LEASE TO STAY IN MOUNTAIN PARK PAVILIONS II
Ownership of The Pool Shop has changed hands and the new owners have leased 1,200-square-feet in Mountain Park Pavilions II located at 3820 E. Ray Road, Phoenix, Arizona. The Pool Shop provides leading brands, quality chemicals, in-store water analysis and the newest products of the year. Kari Barker of ZELL Commercial Real Estate Services represented the Landlord on the Lease.

NORIS BRIDAL RELOCATES TO NORTH CENTRAL PLAZA, AVONDALE
Noris Bridal has relocated and opened a 1,200-square-foot retail store in North Central Plaza located at 725 N. Central Avenue in Avondale, Arizona. Noris Bridal offers a wide array of wedding & Quinceañera gowns, plus tuxedo rentals and accessories. Donna Reece of ZELL Commercial Real Estate Services represented the Landlord on the Lease.

OFFICE – 4515 S MCCLINTOCK DR., TEMPE
Barbara Lloyd and Tom Bean, CCIM, of NAI Horizon represented the landlord, Tempe CC, LLC, in a 36-month office lease for 1,142-square-feet at 4515 S. McClintock Drive, Tempe, AZ. The tenant, AmeriLife of Arizona, LLC, represented itself.

RETAIL – 6445 N 51ST AVE., GLENDALE
Matt Harper, CCIM, of NAI Horizon represented the landlord, Kayrich Associates, LLC, in a 60-month retail lease for 1,040-square-feet at 6445 N. 51st Ave., Glendale, AZ. The tenant, Regal Laundries & Management, LLC, represented itself.

RETAIL – 1241 E BROADWAY RD., MESA
Matt Harper, CCIM, of NAI Horizon represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 1,000-square-feet at 1241 E. Broadway Road, Mesa, AZ. The tenant, Escuela de Musica Jireh, LLC, represented itself.

SONORAN AESTHETICS AND WELLNESS TO OPEN SOON IN TRAMONTO MARKETPLACE
Sonoran Aesthetics and Wellness will open a 903-square-foot facility located at 3170 W. Carefree Hwy in Tramonto Marketplace in Phoenix, Arizona. Sonoran Aesthetics and Wellness will provide the highest quality of care possible to all people. Combining chiropractic care, massage therapy and acupuncture Sonoran Aesthetics makes genuine healing available to clients everywhere. Donna Reece of ZELL Commercial Real Estate Services represented the Landlord on the Lease.

OFFICE – 12600 N 113TH AVE., YOUNGSTOWN
Dylan Whitwer and Logan Crum of NAI Horizon represented the tenant, Wall Agency, Farmers Insurance, in a 36-month office lease for 833-square-feet at 12600 N. 113th Ave., Youngtown, AZ. Scot Hall with Wolf Realty, Inc. represented the landlord, GEM Capital Management, LLC.

ARTISAN OLIVE RELOCATES TO GREENWAY PROMENADE IN GLENDALE
Artisan Olive has leased a 660-square-foot retail store located at 5930 W. Greenway Road in Greenway Promenade in Glendale, Arizona. Artisan Olive offers the freshest Ultra-Premium Extra Virgin Olive Oils from around the world and Balsamic Vinegar from Modena, Italy. Donna Reece of ZELL Commercial Real Estate Services represented the Landlord on the Lease.




Five long-term retail leases negotiated highlight recent transactions by NAI Horizon professionals

PHOENIX, ARIZONA – Long-term leases for three restaurants, a fitness gym, and a barber shop highlight recent deals closed by NAI Horizon professionals. The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon negotiated the five transactions.

Lease Transactions:

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Planet Fitness, in a 132-month retail lease for 15,750 SF at 7620 W. Lower Buckeye Rd., Phoenix, AZ. Tim Westfall with Newmark Grubb Knight Frank represented the landlord, HH-Estrella, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Firehouse Subs, in a 120-month retail lease for 1,800 SF at 5122 N. Dysart Rd., Litchfield Park, AZ. Robert Deaton with Deaton Realty Services represented the landlord, 545657, Inc.

Matt Harper represented the landlord, Hope Thunderbird Investments, LLC, in a 120-month retail lease for 2,000 SF at 5149-5151 W. Thunderbird Rd., Glendale, AZ. Chuck Gibson with SRS represented the tenant, Walgreen Arizona Drug Co.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Tacos Tijuana, in a 60-month retail lease for 1,500 SF at 1754 S. Greenfield Rd., Mesa, AZ. Larry Brown with Diversified Partners represented the landlord, Alpha IV Partners, LLC.

Tyler Smith represented the landlord, Sun Grove Medical, LLC, in a 64-month medical office lease for 1,798 SF at 20542 N. Lake Pleasant Rd., Peoria, AZ. Kevin Harper with Arizona Healthcare Realty represented the tenant, Karibu Family Care, PLLC.

Matt Harper represented the landlord, LASA Realty, LLC, in a 60-month retail lease for 100 SF at 7448 W. Glendale Ave., Glendale, AZ. Denise Myers with JLL represented the tenant, Bank of America, National Association.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Anthony Leparulo Separate Property Trust, in a 60-month retail lease for 1,028 SF at 780 W. Elliot Rd., Tempe, AZ. Chassity Andrews with Realty One Group represented the tenant, The Cut Barbershop, LLC.

Matt Harper represented the tenant, Tao Fellowship, in a 36-month retail lease for 1,470 SF at 1840 W. Chandler Blvd., Chandler, AZ. Matthew Ault with Kidder Mathews represented the landlord, GCCFC 2006-GG7 West Chandler Boulevard, LLC.

Matt Harper represented the landlord, Sayan 26 Investment Group, LLC, in a 12 mo. retail lease for 6,960 SF at 4323 W. Cactus Road, Glendale, AZ.

Matt Harper represented both the landlord, Elmo Tari Trust, and the tenant, Stepping Stone Adult Development Center, LLC, in a 27-month retail lease for 4,277 SF at 12235 N. Cave Creek Rd., Phoenix, AZ.

Jeff Adams represented the landlord, Goodsell Properties, LLC, in a 38-month office lease for 888 SF at 2033 E. Warner Rd., Tempe, AZ. Matt Bustamante with Realty One Group represented the tenant, 1st Insurance Group.

Matt Harper represented the landlord, Hillcrest Plaza, LLC, in a 62-month retail lease for 940 SF at 1241 E. Broadway Rd., Mesa, AZ.

 

 

 

 




Service Retailer Inks $2.9M Lease for Tire Sales at Queen Creek Fiesta

PHOENIX, ARIZONA – NAI Horizon negotiated a long-term lease on behalf of the landlord for tire sales and service retailer Tire Works at Queen Creek Fiesta in Queen Creek, Arizona.

The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC of Scottsdale, Arizona, in the transaction totaling $2.9 million.

“This was a great company to work with,” Gerow said. “This location is between AAMCO and Brake Masters and should be a top-performing store for many years.”

Tire Works will occupy a 5,400 SF pad at Queen Creek Fiesta, 21545 S. Ellsworth Loop Rd., in Queen Creek. Queen Creek Fiesta is anchored by a Planet Fitness. Other tenants scheduled to open include Five Guys, Hand and Stone, and ATI Physical Therapy.

The tenant, GB Auto Services, Inc., of Tucson, Arizona, was represented by Courtney Auther and Cameron Warren of Phoenix Commercial Advisors.