PHOENIX, ARIZONA (Dec. 17, 2024) – NAI Horizon facilitated a long-term retail lease at the Shops at Norterra, 2450 W. Happy Valley Road, in Phoenix.
NAI Horizon represented Modern Mods Norterra LLC in a new, 5,053 SF long-term lease totaling almost $940,000. Associate Brandon Hall led the NAI Horizon team in the transaction. Other team members included Managing Director Lane Neville, Senior Associate Cole Neville, and Associates Whitney Heritage and Matt Westra.
“Our team had been working on the Modern Mod’s requirement for a little over a year and we narrowed in on North Phoenix for their next regional retail location,” Hall said. “Only one suite at Norterra became available and though it was a bit bigger than their requirements, we were able to structure a plan to consolidate their office/training facilities under one roof. This and their new retail piercing location allowed us to seize the opportunity to be at Norterra. It was great working with Heather and Bobby Moss and our team is thrilled to see how the space turned out.”
With locations at Arrowhead Town Centre in Glendale, Arizona, and Chandler Fashion Center in Chandler, Arizona, Modern Mods offers ear piercing and curation; facial and oral piercing; body piercing; and permanent jewelry.
The Shops at Norterra is a 354,000 SF lifestyle center featuring specialty retailers and junior anchors located in the rapidly expanding north Phoenix submarket known as the Black Canyon Corridor. The Shops at Norterra creates a village-like atmosphere with abundant pedestrian walkways.
Tenants include Harkins Theaters, Dick’s Sporting Goods, BevMo, Best Buy, Mellow Mushroom, Pita Jungle, and Panera Bread, to name a few.
The landlord, Yam Norterra, LLC, of Scottsdale was represented by Shane Stephens of Block 23 Commercial, LLC c/o RED Development.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.
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