PHOENIX, ARIZONA (Sept. 18, 2023) – NAI Horizon represented the landlord in a transaction to help transform a historic building in Downtown Phoenix into a small business incubator and makerspace.
NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, represented Chicanos Por La Causa (CPLC) in the $247,000, long-term lease at the CPLC Pickle House Makerspace Business Incubator at 1401 E. Van Buren St., Building B, in Phoenix.
The tenant, Alfredo B. Lopez dba as Core Collective Fitness, will take 3,500 SF of the 15,500 SF building.
The business incubator provides a platform for entrepreneurs from disadvantaged backgrounds to succeed. The renovation project will transform the historic Arnold Pickle House into a small business incubator and makerspace. Built in the 1920s as a family-owned pickle factory, this site sat vacant for years until CPLC purchased it.
The adaptive reuse project will include a business incubator, high-tech tools, and other resources for small businesses, all while retaining the nostalgia and imagery of the historic site.
“NAI Horizon is excited to be a purposeful partner in the redevelopment of an iconic location that will serve the community in fostering the growth of small businesses that are the lifeblood of the economy,” Garza Walker said.
CPLC purchased the Pickle House in 2018 and renovated the building with grant funds from the state to foster more opportunities for small businesses.
Founded in 1969, CPLC serves people of all backgrounds while honoring its Mexican-American roots. It facilitates growth through five areas of impact: health and human services; housing; education; economic development; and advocacy.
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 300 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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.