The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report December 29, 2014 – January 2, 2015.

RETAIL – 10767 N. 116^th ST., SCOTTSDALE, AZ.
A lease for 5,311-square-feet at 10767 N. 116^th St. in Scottsdale, AZ between Cold Beer & Cheeseburgers and Lucile, LLC was completed recently. Jake Ertle of Rein & Grossoehme Commercial Real Estate represented both the Tenant and the Landlord.

RETAIL – NWC of 75^th AVE. and GREENWAY RD., PEORIA, AZ.
A lease for 1,373-square-feet to Dynamite Cigars was recently consummated. The location of the property is the NWC of 75^th Avenue & Greenway Rd in Peoria, AZ. Joshua Stewart of Rein & Grossoehme Commercial Real Estate was the only broker in the transaction.

Bill Alter and Denise Nunez of Rein & Grossoehme Commercial Real Estate recently closed on the sale of a two-property self-storage portfolio. The properties were located at 1735 W. Apache Trail and 1678 W. Superstition Blvd., both in Apache Junction, Arizona.

The properties consisted of 94,000 net rentable square feet of space, which included 567 storage units, 20 commercial/retail suites and 41 covered RV parking spaces. Overall occupancy at the time of sale was approximately 60%. The combined sales price was $2.45 million, which equates to a cap rate of 7.3% and cost per foot of $26.

The seller was an individual investor from La Quinta, California and the buyer an individual from Santa Barbara, California. These sales bring the total number of successful closings for the Alter-Nunez team to 140.

To learn more contact Bill Alter at 602-315-0771 or Bill@RGcre.com.

The industrial property at 1001 S Edward Dr in Tempe AZ has sold. The 21,452-square-foot building sold with excess land totaling 3.37 acres. The property sold to 1001 Edward LLC, which will occupy the building doing business as Forzastone. The seller was Hope Trading Inc. The property commanded a sale price of $1.875 million ($87.51 PSF).

ForzaStone was established in 2009, forged of an entrepreneurial spirit and passionate desire to revolutionize natural stone manufacturing. It offers patented, lightweight, thin stone panels and accessories in a range of colors for a variety of commercial and residential applications.

With several decades of building industry experience between us, the ForzaStone team have expertise in real estate and product development, installation and training, sales, marketing and customer service. We at ForzaStone are very committed to providing customers with innovative, elegant, environmentally responsible products at considerable value.

Steve Grossoehme of Rein & Grossoehme Commercial Real Estate represented the seller and Stein Koss of Lee & Associates represented the buyer.

Grosseohme should be reached at 480.214.9400 and Koss can be contacted at 602.912.3520