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Phoenix Retail Properties
    

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Phoenix Retail Properties

CBRE Brokers Sale of 15.5K SF Weinick Bros. Marketplace in Phoenix for $930K

A joint venture formed by James Kuykendall and Pat Cantelme purchased Welnick Bros. Marketplace, a 15,521 square-foot retail property located at SEC 4th Ave & Van Buren St in Phoenix Central Business District, from Joyce Reiff for $930,000.

CBRE’s Christoper Ackel and Pat Horan represented both the buyers, James Kuykendall and Pat Cantelme, and selleer, Joyce Reiff, in the transaction.

Editor’s Note: Some of the data presented was collected from Loopnet - which also indicated the asking price for the property was $1.3M.

cbre.us

Skin Care by Laura Leases 1K SF of Retail Space in Phoenix

Skin Care by Laura leased 1,070 square feet of retail space at S/SWC 7th St & Indian School Rd in Central Phoenix.

Rein & Grossoehme’s Richard Mackay represented both the tenant, Skin Care by Laura, and landlord in the transaction.

rgcre.com

The High Street Announces New Tenants

The High Street is adding: • Sprouts Farmers Market; • Pinspiration; • AZ Vacation Rentals; •Tea2Go; •M3V Nail Bar; •Firehouse Subs; •Barbershop Jack.

Related (from July 17): Phoenix High Street Adds More Than A Dozen Tenants

azcentral.com

Pawn 1st Acquires 14.5K SF Retail Property in North Phoenix for $1.4M

Pawn 1st LLC purchased the former Bill Johnson’s Big Apple Restaurant, a 14,472 square-foot retail property located at 19th Ave & Bell Rd in North Phoenix) from PacVentures, Inc. for $1.4M.

costar.com

Old School Property Acquires 9.3K SF Old School 07 in Phoenix for $6.1M

Old School Property LLC purchased Old School 07, a 9,293 square-foot retail property located at NWC 7th St & Osborn Rd in Phoenix from 07, LLC, for $6.1M.

TauroREIS’ Steven Stein represented the buyer, Old School Property LLC.

CBRE’s Joe Compagno represented the seller, 07, LLC.

cbre.us

Renovations Scheduled for The Esplanade in Central Phoenix

Renovations are scheduled to commence on The Esplanade at SEC 24th St & Camelback Rd in Central Phoenix.

Property owner, MetLife, secured CBRE to manage the property and oversee renovations. Gensler has been selected as the project’s architect and design firm. Work is scheduled to begin first quarter of 2015.

CBRE

JGNK Investments Arizona Acquires 60K SF Retail Property in Central Phoenix for $3.67M

JGNK Investments Arizona LLC purchased Lee Lee Oriential Supermarket, a 60,080 square-foot retail property located at SWC 75th Ave & Cactus Rd in Central Phoenix from 75 Cactus LLC for $3.67M.

Geovest Corporation’s Vicky Papoulias represented the buyer, JGNK Investments Arizona LLC.

Colliers International’s Marcus Muirhead and Lauren Rodes represented the seller, 75 Cactus LLC.

azbigmedia.com

Sperry Van Ness Retail Sales and Leasing Transactions

Highlights:

• Mary Ridberg and Rommie Mojahed represented the seller, Jorde Hacienda Inc. in the $1,700,000 sale of a 152,460 SF PAD at Higley Village. Higley Village is located at the SEC of Higley Road and Queen Creek Road in Gilbert. The buyer was ARJ Properties LLC.

• Trenton McCullough and Shari A. Tucker represented the buyer, Casa Mirage Properties, LLC in the $3,070,000 purchase of a 20,130 SF multi tenant retail building located at 13915 N. Dysart Road in El Mirage. The seller was El Mirage Partners, LLC and was represented by Cam Stanton and Andrew Fosberg of CBRE.

• Mary Ridberg and Rommie Mojahed represented Potato Barn to lease 22,252 SF of retail space at Scottsdale 101 Retail, located at the NWC of Mayo Blvd. and Scottsdale Road in Scottsdale.

Many more...

svnpartners.com

Angry Crab Shack Opens New Location in Central Phoenix

Angry Crab Shack opened a new location at NEC 28th St & Indian School Rd in Central Phoenix. This is the company’s second location in the Valley.

azcentral.com

Toby Keith’s I Love This Bar & Grill Opening in North Phoenix

Toby Keith’s I Love This Bar & Grill closed its location at Mesa Riverview Center and will open a replacement location at W/SWC 56th St & Deer Valley Rd in North Phoenix mid-November.

azcentral.com

Pacific Property Group Acquires 43K SF Tierra Del Sol in North Phoenix for $4.2M

Pacific Property Group purchased Tierra Del Sol, a 42,994 square-foot retail propert at N/NEC 16th St & Bell Rd in Central Phoenix from 5121 Glendale Associates for $4.2M.

Marcus & Millichap’s Ben Tashakorian and Stuart Fagan represented both the buyer, Pacific Property Group, and seller, 5121 Glendale Associates, in the transaction.

globest.com

Uptown Plaza Shopping Center Could Be Future Home to Flower Child Restaurant

Fox Restaurant Concepts and Upward Projects are considering the possibility of opening Flower Child, a fast-casual restaurant, at Uptown Plaza Shopping Center, NEC Central Ave & Camelback Rd in Central Phoenix.

The location also was mentioned on Sept. 19: “Vintage Partners Prepare to Renovate Uptown Plaza Shopping Center in Central Phoenix”

bizjournals.com

DDR Corp. and Blackstone Real Estate Acquire Shopping Center Portfolio; At Least One Location in Phoenix

DDR Corp. and Blackstone Real Estate Partners purchased 71 retail centers from American Realty Capital Properties Inc. for $1.93B.

Specific details are not yet available, however at least one “power center” is located in Phoenix.

ddr.com

Transmissions 4 Less Leases 3.8K SF of Retail Space in North Phoenix

Transmissions 4 Less leased 3,800 square-feet of retail space at N/NWC Cave Creek Rd & Cactus Rd in North Phoenix from MWM Property LLC.

Rein & Grossoehme’s Jared Lively represented both the landlord, MWM Property LLC, and tenant, Transmissions 4 Less.

rgcre.com

SRS Real Estate Partners Report New Tenants Joining Shops at 38th Street Plaza in Phoenix

SRS Real Estate Partners announced that Whining Pig Beer & Wine Bar, OccuMed Diagnostics and The Blind Tiger Tattoo are leasing space at Shops at 38th Street, W/NWC 38th St & Indian School Rd in Phoenix.

SRS’ Scott Ellsworth represented the landlord, 38th Street Center Oliver LLC, in all three transactions.

azbigmedia.com

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