PHOENIX, ARIZONA (October 23, 2017): NAI Horizon negotiated a long-term lease for Planet Fitness at 15569 W. Bell Rd., in Surprise, Arizona. Prior to this deal, NAI Horizon has recently negotiated long-term leases totaling more than $15 million for Planet Fitness locations in Tempe, Phoenix, Goodyear, and Peoria.
The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the tenant, Planet Fitness, in the Surprise transaction totaling $2.8 million.
“This transaction has been two years in the making as the property has gone through receivership and multiple owners,” Tworek said. “Planet Fitness has analyzed the demographic profile of Surprise and is excited to expand into that market and capitalize on a good piece of real estate.”
The new Surprise Planet Fitness location will take up 27,059 square feet at the intersection of Bell and Reems roads.
The landlord, 15601 Bell Road, LLC, of Scottsdale, Arizona, was represented by Brian Gast of Velocity Retail Group.
PHOENIX, ARIZONA (October 17, 2017) – NAI Horizon Senior Vice President Laurel Lewis and Vice President Tom Bean, CCIM, negotiated two long-term office leases totaling $1.29 million on behalf of the landlord, the State Bar of Arizona, at 4201 N. 24th St., in Phoenix.
NAI Horizon negotiated a long-term lease worth $955,185 for Arizona Foundation for Legal Services and Education. It will lease 4,962 square feet. The nonprofit foundation prepares Arizona youth for civic responsibility and provides access to justice for Arizonans most in need.
NAI Horizon also negotiated a long-term lease worth $337,445 for Weight Watchers of Arizona, Inc. It will occupy 2,878 SF.
“The tenants that choose to locate at 4201 N. 24th St. enjoy the value that the State Bar of Arizona adds through enhanced security and a high level of attention to property maintenance,” Lewis said. “It also provides an attractive and up-to-date building on all levels as well as close proximity to the attractive and amenity-rich Camelback Corridor.”
Built in 1985, the building totals 68,710 SF. Other tenants include Tyler Allen Law Firm and Total Networks.
“The State Bar provides stable ownership and is a wonderfully responsive landlord,” Bean said. “We will have our last available space coming to market and ready for occupancy in Q1 2018.”
Weight Watchers was represented by Jack Stone of JMS Commercial Real Estate Services.
Author of the ‘Linneman Letter’ to speak Nov. 15 at Arizona Country Club
PHOENIX, Ariz. (October 17, 2017) – For more than three decades, Dr. Peter Linneman has been a critical influence in driving the professionalization of real estate capital markets and the commercial real estate industry.
The Southwest Chapter of REIAC presents “When will the Good Times End?” – an afternoon with Dr. Peter Linneman. The event is scheduled for Nov. 15 at the Arizona Country Club, 5668 E. Orange Blossom Lane in Phoenix.
Registration begins at 3:30 p.m. Dr. Linneman’s presentation begins at 4 p.m. Gary Linhart of ViaWest Group will interview Dr. Linneman beginning at 5 p.m. The afternoon concludes with a networking reception at 5:30 p.m.
“REIAC prides itself on institutional quality programs where our members have the opportunity to share experiences and knowledge with some of the most established leaders in commercial real estate,” said Programs Committee Chair Todd Jarman of BBVA Compass. “This year’s keynote event featuring Dr. Peter Linneman is one that we are extremely excited about. It promises the opportunity for our guests to interact and learn from one of the most respected scholars in our industry.
“Dr. Linneman’s ability to assess and simplify the ever-changing macroeconomic, political, and capital market environments – particularly as they relate to commercial real estate – will make this the ‘must-attend’ program of the year,” Jarman said.
Dr. Linneman is the author of the “Linneman Letter,” a highly-regarded quarterly publication for commercial real estate investors first published in 2001. The founding chairman of the Wharton Real Estate Department, Dr. Linneman taught real estate and finance at the Wharton School of Business for more than three decades. The “Linneman Letter” is an extension of his lectures and teaching style.
This event is open to the public. Registration fee is $125. Register at www.reiacsouthwest.org/event-2572683.
PHOENIX, ARIZONA (Oct. 12, 2017) – NAI Horizon Senior Vice President Jeff Adams represented the buyer in the $1.77 million acquisition of a freestanding industrial building at 3324 E. Atlanta Ave., in Phoenix.
Adams represented Thronson Enterprises, LLC, of Tempe, Arizona, in its purchase of the 21,400-square-foot property that includes a canopy area and large, fully-fenced and paved lot.
“I worked hand-in-hand with this very responsive, patient buyer for nearly a year on numerous opportunities,” Adams said. “The available inventory of premium properties in Metro Phoenix that you can still buy at reasonable numbers is woefully low.
“We were able to locate an unlisted opportunity and negotiate a deal that was good for both the buyer and seller. TSI was one of the better clients I have worked with and they are enamored with the deal, which included lease-back income and an optimum user opportunity,” Adams said.
The buyer is a professional signage and operations management company for several industries, including professional golf tournaments.
The seller, 213 Leasing, LLC, of Phoenix, was represented by Lance Ross of Ross Property Advisors.
PHOENIX, ARIZ. (October 11, 2017) – CoreNet Global Arizona wraps up a three-part series exploring how a connected world is transforming its interaction with the workforce.
The Arizona chapter in August launched a series exploring the “Internet of Things,” and how it has changed how the corporate real estate community conducts business.
The final presentation, Cyber Security, is scheduled for Thursday, October 26, at Phoenix Country Club, 2901 N. 7th St.
Panelists include Brett Helgeson, Adopt Technologies; Jeff Lawrence, CyrusOne; and Patrick Hauert, Kudelski Security.
The program will focus on cyber security and issues involving hyper-connectivity and vulnerabilities in the workplace.
“Our cyber security panel is a culmination of our deep dive into how the ‘Internet of Things’ is impacting corporate real estate,” said CoreNet Global Arizona President Simon Davis of Serraview. “This session is applicable to all organizations and will provide a wealth of information that companies need to consider to ensure their data is safe and secure.”
The event begins at 11:30 a.m. Registration is $35 for CoreNet Global Arizona members and $70 for non-members. Register here.
PHOENIX, ARIZONA (October 9, 2017) – The growth of NAI Horizon’s presence in the Valley continues with the hiring of Jay Mininberg, who joins the Office Properties Group as an Associate.
Mininberg, a native of Washington, D.C., will be responsible for office leasing.
“We are excited about Jay’s decision to join our NAI Horizon team,” said Terry Martin-Denning, Principal and CEO of NAI Horizon. “He brings added value to the clients with whom he works because of his background as an attorney and business owner. These assets allow him to understand our clients’ real estate needs from a business perspective.”
Before moving to the Southwest, Mininberg worked as a broker for a boutique commercial real estate firm in Potomac, Maryland. The firm offered services in commercial sales, leasing, raw land, development, and financing. Mininberg was a principal investor on numerous transactions.
After moving to Arizona, Mininberg was CEO and founder of a textile rental service in Arizona and Nevada. His firm provided linens, dust control, and ancillary items to more than 1,700 businesses. He developed and executed all corporate activities, funding, legal, marketing, and sales.
Mininberg was raised in Potomac, Maryland. He earned his undergraduate degree from Boston University and a law degree from Nova Southeastern University in Ft. Lauderdale, Florida.
PHOENIX, ARIZONA (Sept. 27, 2017) – The sale of a Chandler retail property and the leasing of numerous Planet Fitness locations around the Valley highlight transactions closed recently by NAI Horizon professionals.
Lane Neville and Barbara Lloyd negotiated the sale of an 81,148 SF retail property, representing the seller, Hamstra Square Investors, LLC, for $7.1 million. The property is located at 1020-1080 E. Pecos Rd., Chandler, AZ. Tim Ernst with Terra Marketing represented the buyer, Schneider Living Trust.
Laurel Lewis negotiated the sale of a 1,845 SF office property, representing the seller, The 1906, LLC, for $395,000. The property is located at 1747 E. Morten, Suite 111, Phoenix, AZ. Jim Sadler with Keyser represented the buyer, Solar System Holdings, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEF-Fit 32nd & Greenway, LLC, in a 180-month retail lease for 22,888 SF at 3202 E. Greenway Rd., Suite 1255, Phoenix, AZ. Kalen Rickard with SRG represented the landlord, AP Capital REIT US Limited Partnership.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEF-Fit Southern & Priest, LLC, in a 180-month retail lease for 22,664 SF at 1405 W. Southern Ave., Phoenix, AZ. Bob Rusing with Arizona Partners represented the landlord, Prithern, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, JEF-Fit 83rd & Lake Pleasant, LLC, in a 132- month retail lease for 22,899 SF at 20713 N. 83rd Ave., Phoenix, AZ. Andy Kroot with Kroot & Associates represented the landlord, AZ CDL Properties, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, PF Goodyear, LLC, in a 126-month retail lease for 17,976 SF at 515 S. Cotton Lane, Goodyear, AZ. Cliff Johnston with Cushman & Wakefield represented the landlord, TPP 211, Canyon Trails, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 120-month retail lease for 2,275 SF at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ. David Uhles with ATI Physical Therapy represented the tenant, ATI Holdings of Arizona, LLC.
Laurel Lewis represented the tenant, Wilson & Company, in a 66-month office lease for 4,538 SF at 410 N. 44th Street, Suite 460, Phoenix, AZ. Bill Zurek of Transwestern represented the landlord, ARE-LEI Phoenix Gateway Associates, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CC Fund 1 Union Hills North, LLC, in a 84-month retail lease for 2,900 SF at 8280 W. Union Hills Dr., Glendale, AZ. Brad Douglass with Cushman & Wakefield represented the tenant, Picazzo’s Union Hills I, LLC.
Jeff Adams represented the tenant, Scottsdale Providence Recovery Center, Inc., in a long-term office lease for 5,094 SF at 8889 E. Via Linda, Scottsdale, AZ. Geoff Turbow, Zak Kottler, and Joe Cosgrove with Levrose Real Estate represented the landlord, AWS Business Properties.
Laurel Lewis represented the tenant, Software Ops, in a 67-month office lease for 2,779 SF at 11333 N. Scottsdale Rd., Scottsdale, AZ. Jerry Noble with Cushman & Wakefield represented the landlord, IPF Scottsdale Norte, LLC.
Laurel Lewis represented the tenant, GeoTek Operations Limited, in a 37-month industrial lease for 9,966 SF at 4050 E. Cotton Center Blvd., Phoenix, AZ. Jackie Orcutt with CBRE represented the landlord, BKM, Cotton Center 106, LLC.
Laurel Lewis represented the tenant, North Star Wealth Management, LLC, in a 60-month lease for 1,490 SF at 18835 N. Thompson Peak Parkway, Scottsdale, AZ. Mike Strittmatter with CBRE represented the landlord, Canyon Village Partners LLC.
Troy Giammarco represented the tenant, Camelback Mortgage, in a 36-month office lease for 1,879 SF at 7600 N. 16th St., Phoenix, AZ. Greg McMillan with Cushman & Wakefield represented the landlord, B.H. Squaw Peak, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in a 64-month retail lease for 755 SF at 1840 E Warner Rd., Suite 105, Tempe, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Ken’s Nails, in a 64-month retail lease for 1,551 SF at 7001 N. Scottsdale Rd., Suite D-166, Scottsdale, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, LNR Partners, LLC, in a 60-month retail lease for 2,800 SF at 20987 N. John Wayne Parkway, Maricopa, AZ.
Laura Pogue represented the tenant, Elite Chiropractic and Wellness, LLC, in a 60-month retail lease for 3,176 SF at 5940 W. Union Hills, Suite B-100, Glendale, AZ. Rachael Thompson with Kidder Mathews represented the landlord, Il Palazzo Center, LLC.
Matt Harper represented the landlord, AJL Properties, LLC in a 60-month retail lease for 1,558 SF at 1619 N. Dysart Rd., Suite 104, Avondale, AZ. Matt Bustamante with Realty One Group represented the tenant, One Health Primary Care, LLC.
Laurel Lewis represented the tenant, PCB Group Sales Co, in a 38-month office lease for 2,435 SF at 4505 E. Chandler Blvd., Suite 115, Phoenix, AZ. Scott Baumgarten with Cushman & Wakefield represented the landlord, HB Foothills Gateway, LLC.
Jeff Adams represented the tenant, Ultra Car Detailing, LLC, in a long-term industrial lease for 4,158 SF at 7931 E. Pecos Rd., Suite 148, Mesa, AZ. Lance Clodfelter with Wilson Property Service represented the landlord, Pecos Sossaman Commerce, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Biscuits Café, Inc., in a 126-month retail lease for 4,300 SF at 24874 N. 67th Ave., Peoria, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 60-month retail lease for 1,705 SF at 4925 W. Bell Rd., Suite C-5, Phoenix, AZ.
Isy Sonabend represented the tenant, Zieglar’s NYPD, in a 36-month industrial lease for 2,823 SF at 20819 N. 25th Place, Phoenix, AZ. Steve Mardian with Cassidy Turley represented the landlord, Larry Stuart.
Kevin Higgins, Lane Neville and Barbara Lloyd represented the landlord, Bogle Family Realty, in a 36-month office lease for 1,391 SF at 7227 N. 16th St., Suite 118, Phoenix, AZ.
Kevin Higgins, Barbara Lloyd and Lane Neville represented the landlord, Bogle Family Realty in a 36-month office lease for 878 SF at 7227 N. 16th St., Suite 224, Phoenix, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 24-month retail lease for 1,230 SF at 4915 W. Bell Rd., Suite F-205, Phoenix, AZ.
Matt Harper represented the landlord, M&N Realty, in a 38-month retail lease for 850 SF at 12020 S. Warner Elliot Loop, Suite 122, Phoenix, AZ.
PHOENIX, ARIZONA (September 20, 2017) – August proved to be a scorcher for NAI Horizon Senior Vice President Laurel Lewis, who closed five lease transactions totaling $1.785 million (21,198 square feet) and the sale of an office condo for $395,000.
Lewis, a member of the Office Properties Group, began the month representing the tenant in a long-term lease for GeoTek Operations Limited at Koll Cotton Center, 4050 E. Cotton Center Blvd., in Phoenix. The deal for 9,966 SF totaled $315,722.
The subsequent long-term tenant representation deals included:
>> North Star Wealth Management, LLC, 1,490 SF, $200,529, Canyon Village, 18835 N. Thompson Peak Parkway, Scottsdale;
>> Software Ops, 2,779 SF, $416,850, Scottsdale Norte, 11333 N. Scottsdale Rd., Scottsdale;
>> Wilson & Company, 4,538 SF, $683,536, Phoenix Gateway Center, 410 N. 44th St., Phoenix;
>> PCB Group Sales Co., 2,435 SF, $168,623, Foothills Gateway, 4505 E Chandler Blvd., Phoenix.
“I enjoy representing my client’s best interest whether they are leasing a space or buying or selling a building and appreciate the trust they put in me and NAI Horizon,”
Lewis said. “The office market in Phoenix is healthy and robust with new construction, positive absorption, and increasing rates. Now more than ever it’s key to engage a qualified broker for representation.”
Lewis wrapped up the month representing the seller in the $395,000 (1,845 SF) office sale at 1747 E. Morten Ave., Phoenix. Lewis represented The 1906, LLC.