De Rito Partners releases recent commercial transactions

De Rito Partners

De Rito PartnersBarbershop opens first Valley location: Park Avenue Barbershop completed a lease to open its first location at the northeast corner of 91st Avenue and Union Hills Drive in Peoria. Steve Bonnell represented the landlord in completing the deal for 1,045 square feet.

Auto dealer leases former Hummer dealership: Mr. Jim’s Deals on Wheels finalized a deal for a 3,059-square-foot building on Scottsdale Road just south of McDowell Road. Martin Leon and Marty De Rito represented the owner in completing the transaction.

Tax service opens location in Central Phoenix: Tax Wizards signed a lease to add a location near the intersection of 16th Street and McDowell Road in Central Phoenix. Lizette Borbon-Iskhakova represented the landlord in the transaction.

Siempre Tax adds location in West Phoenix: Siempre Tax services opened a new location at the northwest corner of 75th Avenue and Indian School Road in Phoenix. The tenant took 1,400 square feet at Westridge Park Center. Lizette Borbon-Iskhakova and Carl Jones, Jr. represented the landlord in the deal.

Former BMO Bank building sold in Tucson: De Rito Opportunity Fund sold a former BMO Harris Bank building at the northeast corner of Cortaro Road and Silverbell Road in Tucson. Paul Serafin and Carl Jones, Jr. represented De Rito in completing the sale of the 4,722-square-foot building to Hughes Federal Credit Union.

West Camelback Road restaurant leased: Ring Side Pub & Grub completed the lease of a 1,850-square-foot former restaurant space along Camelback Road near 21st Avenue in Phoenix. Stan Sanchez represented the owner in securing the tenant.

Animal hospital takes additional space at Red Mountain Promenade: Las Sendas Animal Hospital added 980 square feet to its existing facility at Red Mountain Promenade located at the southwest corner of McDowell Road and Power Road in Mesa. Steve Bonnell represented the landlord in the transaction.

CenturyLink opens new location in Peoria: Telecommunications provider CenturyLink leased a 1,300-square-foot space for a new retail location near 79th Avenue and Bell Road at Arrowhead Crossing. Paul Serafin represented the tenant in completing the deal.

Starbucks adds two new Valley locations: Starbucks Coffee Company finalized leases to add a new location at the northeast corner of 24th Avenue and Northern Avenue, as well as the northwest corner of 27th Avenue and Loop 101. The tenant will complete demolition on the existing buildings in order to construct the new Starbucks shops. Matt Morrell, Paul Serafin, Mike Kumelski, Gordon Heckaman, and Carl Jones, Jr. represented the owner (De Rito Opportunity Fund) in completing the transactions.

Athletic apparel shop joins North Canyon Village: Sole Trainer, an athletic shoe and apparel shop, completed a deal to open a new shop at North Canyon Village, located at 27th Avenue and Carefree Highway in Phoenix. Steve Bonnell represented the center’s owner in completing the lease for a 1,807-square-foot space.

New hair salon joins Roosevelt Row: Public Image Hair Salon signed a lease to take 2,877 square feet at Roosevelt Pointe, located at 4th Street and Roosevelt Street in Downtown Phoenix. Michael McWilliams represented the owner in completing the deal.

Peoria Shopping Center adds new pizza restaurant: A new pizza restaurant finalized a transaction to join Peoria Shopping Center at the southwest corner of 75th Avenue and Peoria Avenue in Peoria. The tenant will take a 1,925-square-foot space at the center. Michael McWilliams represented the landlord in completing the lease.

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