NAI Horizon inks long-term leases for trio of Planet Fitness locations

NAI Horizon inks long-term leases for trio of Planet Fitness locations

News & Updates

by | Aug 28, 2017 | News & Updates

    PHOENIX, ARIZONA (August 28, 2017): NAI Horizon has negotiated long-term leases totaling $8.749 million for Planet Fitness locations in Tempe, Phoenix, and Peoria.

The NAI Retail Properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, JEG-FIT, in the trio of transactions.

The team has negotiated additional long-term leases for other Planet Fitness locations this past year in Phoenix, Surprise, Queen Creek, Gilbert, and Maricopa.

“Planet Fitness has a great business model that caters to a broad range of demographics and with that model in place we were able to solidify a few transactions in areas of the Valley that are underserved,” Tworek said.

The three recent deals:

  • At Greenway Park Plaza, 3202 E. Greenway, Rd., Phoenix, 22,888 square feet, $3.776 million;
  • At Tempe Village Shopping Center, 1405 W. Southern Ave., Tempe, 22,664 SF, $2.941 million;
  • At Fletcher Heights Marketplace, 20713 N. 83rd, Peoria, 22,899 SF, $2.031 million.

Planet Fitness continues to actively look for additional sites in Metro Phoenix.

 

 

by Aug 28, 2017
NAI Horizon recent deals: sale of CVS, new Mill Avenue eatery

NAI Horizon recent deals: sale of CVS, new Mill Avenue eatery

News & Updates

by | Aug 23, 2017 | News & Updates

     PHOENIX, ARIZONA (August 23, 2017) – Recent transactions closed by NAI Horizon professionals in the Phoenix office.

Sale Transactions:

Barbara Lloyd and Lane Neville negotiated the sale of an 11,946-SF retail property leased to CVS, representing the buyer, Michael S. and Mary M. Cho Trust, for $4.444 million. The property is located at 2500 N. Dobson Rd., Chandler, AZ. Brad Richardson of Stan Johnson Companies represented the seller, Babytail III, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 5-acre mobile home property, representing the seller, Michael S. and Mary M. Cho Trust, for $4.05 million. The property is located at 1707 E. Apache Blvd., Tempe, AZ. Jeff Ferenz of Jeffrey Alan Adam, Inc., represented the buyer, 2075 Cottonwood Office, LLC.

Denise Nunez in partnership with Kris Wessel of NAI Martens negotiated the sale of a 93,610-SF self-storage property, representing the seller, R.D. Wood Revocable Trust & B.J. Wood Revocable Trust, for $3.85 million. The property is located at 3150 E. Reno Ave., Oklahoma City, OK. Adam Slovis of Slovis & Associates, LLC, represented the buyer, Tower Ventures CRE, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon negotiated the sale of a 5,735-SF property, representing the buyer, EPH 14, LLC, for $1.45 million. The property is located at 9455 E. Ironwood Square Dr., Scottsdale, AZ. Zak Kottler of Levrose Real Estate represented the seller, Layfield V, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 7,558-SF retail property, representing the buyer, GGR Holdings, Inc., for $1.3 million. The property is located at 4024 E. Guadalupe Rd., Gilbert, AZ. Judi Butterworth and Lacey Eyman of Orion Investment Real Estate represented the seller, Recker-Highland Corner, LLC.

Barbara Lloyd and Lane Neville negotiated the sale of a 1-acre, build-to-suit property, representing the buyer, KJBD Properties, LLC, for $600,000. The property is located east of the SEC of Queen Creek Rd. and Power Road, Gilbert, AZ. Mike Ord of DL Slaughter represented the seller, LDR Queen Creek & Power, LLC. LGE is the general contractor and has already broken ground on the property.

Jeff Adams negotiated the sale of a 2,550-SF industrial property, representing the buyer, Falcon Airpark, LLC, for $350,000. The property is located at 460 E. Warner Road, Chandler, AZ.

Lease Transactions:

Patrick Anthon represented the tenant, Varsity Tavern, in a 120-month retail lease for 10,925 SF at 501 S. Mill Ave., Tempe, AZ. Brian Gast with Velocity Retail Group represented the landlord, Century Drive Investments, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 124-month lease for 25,700 SF at 4913 W. Bell Rd., Glendale, AZ. Tim Westfall and Ryan Maroney of Newmark Grubb Knight Frank represented the tenant, American Freight of Tennessee, LLC.

Richard Foss represented the landlord, Chong Im Cho, in a 62-month industrial lease for 13,430 SF at 211 W. Vaughn Dr., Tempe, AZ.

Jeff Adams represented the tenant, Source Direct Imports, LLC, in a long-term lease for 15,893 SF at 4750 S. 32nd St., Suite 101, Phoenix, AZ. Eric Bell, Mike Ciosek and Dylan Scott of Kidder Mathews represented the landlord, 32nd Street & Weir, LLC.

Matt Harper represented the tenant, IC Wheels, LLC, in a 37-month lease for 2,980 SF at 7410 W. Olive Ave., Peoria, AZ. Mark Lewis of Luke Land Realty represented the landlord, Grand Ave. Station, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, Nowrooz Limited Partnership, in a 39-month retail lease with Scorpion CrossFit for 3,796 SF at 155 E. Ray Rd., Suites 4, 5, and 6, Chandler, AZ.

Tyler Smith represented the landlord, Surprise Mountain, LLC, in a 38-month office lease for 1,477 SF at 14780 W. Mountain View Blvd., Surprise, AZ. Megan McNulty of Morrow Hill represented the tenant, Fairway Independent Mortgage Corporation.

Jeff Adams represented the tenant, Two Three Media, LLC, in a 3+ years industrial lease for 145 E. Comstock Drive, Chandler, AZ. Jackie Orcutt and Jeffrey Wentworth of CBRE represented the landlord, BKM AZ Corp 108, LLC.

Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 1,904 SF at 2403 N. Pebblecreek Parkway, Goodyear, AZ. Hani Aldulaimi of KW Commercial represented the landlord, Sacred Spaces, LLC.

 Richard Foss represented the landlord, Andre Horga, in a 26-month lease for 5,675 SF at 1334 E. Van Buren St., Phoenix, AZ.

Matt Harper represented the landlord, Zhang Family Trust, in a 40-month retail lease for 1,188 SF at 2850 N. 107th Ave., Avondale, AZ. Erick Salcido of US Preferred Real Estate represented the tenant, Johnny’s Barbershop, LLC.

Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease for 3,720 SF at 9501 W. Peoria Ave, Suites 108-110, Peoria, AZ.

Matt Harper represented the landlord, Puchhi, Inc., in a 13-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Suite 105 and 106, Peoria, AZ.

 

 

by Aug 23, 2017
NAI Horizon negotiates long-term lease for Biscuits Cafe

NAI Horizon negotiates long-term lease for Biscuits Cafe

News & Updates

by | Aug 21, 2017 | News & Updates

    PHOENIX, ARIZONA (August 21, 2017): NAI Horizon has negotiated a long-term lease worth $1.479 million for Biscuits Café at Terrazza Center, 24874 N. 67th Ave. in Peoria, Arizona.

The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Biscuits Café, Inc. of Portland, Oregon.

“Being so close to Christ’s Church of the Valley, the owners felt it would provide excellent exposure for their concept, in a very underserved area of the Valley,” Gerow said.

Biscuits Café is in four states and now five Arizona cities: Peoria, Chandler, San Tan Valley, Surprise, and Glendale. Owners Ed and Barbara Preston have been in the restaurant business since 1968.

Biscuits Café will take 4,300 square feet at Terrazza Center. The landlord is N&I Development, LLC of Newport Beach, California.

 

 

 

by Aug 21, 2017
$200K sale of wine store highlights NAI Horizon Tucson deals

$200K sale of wine store highlights NAI Horizon Tucson deals

News & Updates

by | Aug 16, 2017 | News & Updates

     TUCSON, ARIZONA (August 16, 2017) – Recent deals negotiated by the NAI Horizon Tucson office.

  • Leases

 RETAIL: 250 S. Craycroft Rd., Suite 140, Tucson. Tucson Coffee Roasters leased 1,628 SF of retail space from 250 S. Craycroft; Ben Craney, Phil Skillings and Andrew Sternberg with NAI Horizon represented the landlord. Jeramy Price with Volk Company represented the tenant.

 RETAIL: Block 4, Marana Main Street, Marana. JB Restaurants IV LLC leased 2,600 SF from Marana Main Gate North, LLC. Scott Soelter and Ben Craney with NAI Horizon represented the landlord. Pete Villaescusa with CBRE represented the tenant.

RETAIL: 3951 W. Costco Dr., Suite 125, Marana. Our Play Place leased 1,803 SF of retail space at 3951 W. Costco Dr., Suite 125, in Marana from Ghost 21, LLC. Dave Dutson and Ben Craney of NAI Horizon represented the landlord.

INDUSTRIAL: 4221 S. Santa Rita, Suite 101, Tucson. RB Becken, Inc. dba Jan Pro leased 3,114 SF from the Ronald W. Brown Trust. David Blanchette, CCIM, of NAI Horizon represented the tenant. Jeff Zellet with PICOR represented the landlord.

  • Sale

 RETAIL: 3063 N. Alvernon Way, Tucson. CataVinos Wine Shoppe at 3063 N. Alvernon Way sold for $200,000 to Bronco Auto Repair. The building is 1,880 SF. Gordon Wagner from NAI Horizon was the only agent involved in the transaction.

 

 

 

 

 

 

 

by Aug 16, 2017
CoreNet Global Arizona Explores Internet of All Things

CoreNet Global Arizona Explores Internet of All Things

News & Updates

by | Aug 16, 2017 | News & Updates

  

      PHOENIX, ARIZ. (August 16, 2017) – The Internet has changed how industry – including the commercial real estate community – conducts business.

At its next three events, CoreNet Global Arizona will explore how a connected world is transforming its interaction with the workforce.

Part I, Transportation, is scheduled for Thursday, August 24, at Phoenix Country Club, 2901 N. 7th St.

Panelists include Mike Medici, President and Managing Partner, SmithGroupJJR; Kathy Knoop, Principal Environmental Scientist, Electric Transportation, Salt River Project; and Kari Hartman, Business and Real Estate Advisory Services, Keyser.

The panel will explore changes in transportation paradigms and how they affect the built environment and workplace design.

The event begins at 11:30 a.m. Registration is $35 for CoreNet Global Arizona members and $70 for non-members. To register go to arizona.corenetglobal.org.

Part II, Office & Smart Buildings, is scheduled for Sept. 28; Part III, Cyber Security, is scheduled for Oct. 26

by Aug 16, 2017
NAI Horizon Tucson office negotiates $1.14M retail deal on 4th Avenue

NAI Horizon Tucson office negotiates $1.14M retail deal on 4th Avenue

News & Updates

by | Aug 15, 2017 | News & Updates

 

    TUCSON, ARIZONA (August 15, 2017) – Vice President David Blanchette, CCIM, of the NAI Horizon Tucson office negotiated the $1.14 million ($194.08/SF) acquisition of a 5,874-SF retail property at 522 N. 4th Ave., in Tucson.

NAI Horizon represented the seller, Stan S. Katz of Encinitas, Calif., in the transaction. Doug Jones of RE/MAX Alliance Group represented Avtar C. Verma of Paradise Valley, Ariz., the buyer.

“Over the past three years we have seen a steady increasing interest in the 4th Ave. entertainment corridor for investors and local merchants,” Blanchette said. “With the completion of the Light Rail Modern Street Car and the massive infusion of capital to the Downtown Tucson renaissance, 4th Avenue is ready for its own resurgence.

“Successful restaurants and merchants are expanding like Boca Tacos and Lindy’s, and Creations Boutique, which is owned by Mr. Verma. I expect to see 4th Avenue expand its diverse and eclectic mix of restaurants, shops, and clubs to meet the growing downtown population,” Blanchette said.

 

 

 

 

 

by Aug 15, 2017
NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

NAI Horizon, NAI Martens negotiate $3.85M Okla. self-storage sale

News & Updates

by | Aug 14, 2017 | News & Updates

    PHOENIX, ARIZONA (August 14, 2017) – NAI Horizon Senior Vice President Denise Nunez partnered with Kris Wessel, a commercial specialist with NAI Martens, in negotiating the $3.85 million sale of Reno Avenue Self Storage in Oklahoma City.

Nunez and Wessel represented the seller, a regional self-storage owner/operator. Adam Slovis of Slovis & Associates represented the buyer, a limited liability company from Memphis, Tennessee.

“It was a pleasure working with NAI Martens,” Nunez said. “The NAI partnership allowed the seller the comfort of working with someone they trusted who had local expertise while benefiting from the national exposure and expertise that my self-storage team was able to provide.

“The property was marketed utilizing the full resources of the NAI platform. The effort produced several offers and the seller and buyer commented on how pleased they were with the smooth close,” Nunez said.

Reno Avenue Self Storage sits on 5.37 acres and is well located near the I-35 and the I-40 freeways in Oklahoma City. It comprises 93,610 square with 577 units. It is the only facility within a 3-mile radius that offers climate controlled units.

 

 

by Aug 14, 2017
NAI Horizon negotiates $1.3M purchase of Gilbert strip center

NAI Horizon negotiates $1.3M purchase of Gilbert strip center

News & Updates

by | Aug 9, 2017 | News & Updates

     PHOENIX, ARIZ. (August 9, 2017): The NAI Horizon investment sales team of Senior Vice Presidents Barbara Lloyd and Lane Neville represented the buyer in the $1.3 million acquisition of Highland Corner, 4024 E. Guadalupe Rd., in Gilbert, Ariz.

The buyer is GGR Holdings, Inc., a Nevada corporation. The seller was Recker-Highland Corner LLC.

“At 100 percent occupancy, this acquisition provides our client with a quality, stabilized asset located in a submarket with very solid demographics,” Lloyd said. “We were pleased to secure this investment for GGR Holdings in a highly competitive buying environment for assets in this price range.”

The property is a retail strip center and totals 7,558 square feet. Tenants include Tutoring Club, Can Dance, Hair Unlimited, and Sun Valley Nails. Judi Butterworth and Lacey Eyman of ORION Investment Real Estate represented the seller.

by Aug 09, 2017
Texas-based Varsity Tavern joins Mill Avenue lineup

Texas-based Varsity Tavern joins Mill Avenue lineup

News & Updates

by | Aug 8, 2017 | News & Updates

    PHOENIX, ARIZONA (August 8, 2017): NAI Horizon negotiated a long-term lease for Texas-based Varsity Tavern at 501 S. Mill Ave., in Tempe.

The NAI retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant, Ipsum Creative LLC of Tempe, in the transaction totaling $2.641 million.

Varsity Tavern will occupy the second and third floors of the retail property. It will take 10,925 square feet with 3,400 SF of patio space. Gringo Star occupies the first floor.

“We’re looking forward to seeing Varsity Tavern come to Arizona,” Anthon said. “It will be a great option in downtown Tempe for both good food and entertaining nightlife. The group is looking to revitalize the former Hooters space, and has some exciting plans in place to cater to students, those in the Tempe workforce, and nearby residents.”

The landlord, Century Drive Investments of Phoenix, was represented by Brian Gast of Velocity Retail Group.

 

 

by Aug 08, 2017
Fidelity National Title Agency’s Chelsea Peitz Named Top Real Estate Industry Snapchatter in the U.S.

Fidelity National Title Agency’s Chelsea Peitz Named Top Real Estate Industry Snapchatter in the U.S.

News & Updates

by | Aug 7, 2017 | News & Updates

TEMPE, ARIZ. (August 7, 2017) – Chelsea Peitz says one of her roles at Fidelity National Title Agency is to help successful real estate professionals use social media to build a memorable brand and boost their bottom line.

That has earned Peitz, Assistant Vice President, Director of Social Strategy, a prestigious top ranking by San Francisco-based Inman, an industry leader that covers social media aspects of the real estate industry.

Peitz topped Inman’s list of the 20 best real estate Snapchatters in the U.S.

Peitz is a frequent speaker on real estate marketing topics and will be a guest speaker this month in San Francisco at Inman Connect, a week-long event that brings together more than 4,000 top producing agents and brokers, real estate franchise CEOs, marketing executives, and tech entrepreneurs.

Her topic will be “Talking in Pictures: How Snapchat changed how we build our personal brand.” Fidelity National Title Agency is the only title company with a speaker at the event.

A graduate of Arizona State University, Peitz has more than 16 years of experience in the real estate space. She previously served as Director of Marketing at Fidelity National Title.

Peitz is an Inman News contributing writer whose pieces often focus on leveraging technology to grow business. She also educates real estate professionals and shares best practices to expand their careers.

“We are so excited and proud that Inman recognized Chelsea for this prestigious honor,” said Sharon Terhune, Vice President and Residential Sales Manager at Fidelity National Title Agency. “She is truly a thought leader in the industry and an asset to Fidelity. As a matter of practice, our team is always looking for the most innovative ways to help our best partners create a competitive advantage.

“Chelsea has helped the sales team create digital branding strategies and build authentic campaigns to enhance the businesses of our best real estate partners,” Terhune said.

According to Inman’s website, half of Snapchat’s new daily users in the U.S. are 25 and older. This group uses Snapchat 12 times a day for a total of 20 minutes. Users under 25 are visiting Snapchat 20 times a day and spending over a half hour on the app.

Says Inman: “Imagine all that reach to future homebuyers and sellers; it’s no wonder real estate has gravitated toward the platform.”

 

   

by Aug 07, 2017