Phoenix, AZ – January 2, 2014
Contact: Stan Sanchez
President, De Rito Partners, Inc.
480-834-8500
Stan.Sanchez@derito.com
De Rito Partners, Inc. Releases Recent Commercial Transactions
De Rito purchases Macayo’s Plaza
DeRito-P Retail 1, LLC recently purchased the Macayo’s Plaza shopping center located at the southwest corner of Bell Road and Reems Road in dynamic and expanding Surprise, Arizona. Brian Bridgman and Trevor Clinch represented De Rito Partners in the purchase. This adds to the growing number of retail assets De Rito Partners has acquired and revitalized throughout the Valley.
Rent-A-Center adds location in the Southwest Valley
Rent-A-Center signed a lease to add a new location west of the northwest corner of 75th Avenue and Lower Buckeye Road in Phoenix. De Rito Partners’ brokers Bill Bones represented the tenant, and Bruce Milton and Justin Rihs represented the landlord in completing the deal for a 5,100-square-foot space.
Salon opening first location in the Southwest Valley
Chely’s Beauty Salon completed a deal to open its first location at the northeast corner of 35th Avenue and Southern Avenue in Phoenix. Chris Corso of De Rito Partners represented the tenant in signing a lease for a 1,206-square-foot space.
Masaki’s Restaurant renews lease at Verde Valley Center
De Rito Partners’ broker Dale Harsh represented the landlord in completing a lease for a 1,200-square-foot space to Masaki’s Restaurant at the Verde Valley Center located along Highway 89A in Cottonwood, Arizona.
San Tan Village Furniture Center adding a Crossfit Gym
Crossfit 375 signed a lease to open its first location at the San Tan Village Furniture Center located just west of the northwest corner of Loop 202 and San Tan Village Parkway. De Rito Partners’ broker Robert McKnight represented the landlord in signing the lease for 3,000 square feet.
Rent-A-Center adding location in Peoria
De Rito Partners’ broker Bill Bones represented Rent-A-Center in completing a deal for a 4,197-square-foot space at the southwest corner of 67th Avenue and Peoria Avenue in Peoria, Arizona.
Title Max opening new location in Tempe
Title Max signed a lease to add a new location at the northwest corner of Scottsdale Road and Fillmore Street in Tempe, Arizona. Bill Bones represented the tenant in completing the deal for a 2,400-square-foot space.
A-Professional Locks adding new showroom
A-Professional Locks completed a deal to open a new showroom/warehouse just west of the northwest corner of Gilbert Road and Germann Road in Gilbert, Arizona. Justin Rihs represented the tenant in signing the lease for 6,567 square feet.
Shear Gossip Salon opening in Mesa
Shear Gossip Salon will be opening a location next to Walmart on the northeast corner of Baseline Road and Country Club Drive in Mesa, Arizona. Justin Rihs represented the landlord in completing the deal for the 1,000-square-foot space.
Rodney D. Young Insurance expanding across Arizona
Rodney D. Young Insurance signed a lease for a 1,500-square-foot space in San Luis, Arizona near the U.S./Mexico border. Carl Jones, Jr. and Lizette Fonseca of De Rito Partners represented the landlord in signing deal at the northeast corner of South J Avenue and Piceno Drive.
Metro PCS continues expansion throughout the Valley
De Rito Partners’ broker Carl Jones, Jr. represented the landlord in signing a deal to bring Metro PCS to the North Central Plaza located just south of the southeast corner of Central Avenue and Van Buren Street in Avondale, Arizona. The lease was for a 1,200-square-foot space.
A new Ace Hardware to open in Orange County, CA trade area
De Rito Partners’ broker Marty Olejarczyk helped to represent Ace Hardware in completing a deal for an 8,000-square-foot space in the difficult to penetrate trade area of Garden Grove, California. The new Ace Hardware will be located at 11919 Valley View Street in Garden Grove.
Rodney D. Young Insurance adding Midtown Phoenix office
Rodney D. Young Insurance completed a lease to open its newest location at the southwest corner of 7th Street and Indian School Road in Phoenix. Justin Rihs of De Rito Partners represented the landlord in completing the deal for a 1,080-square-foot space.
P.A.W. Services opening location in Tucson
P.A.W. Services signed a leased to open at the southwest corner of Nexus Road and Valencia Road in Tucson, Arizona. Dean Ingram of De Rito Partners represented the tenant in signing a lease for 3,150 square feet.
Metro PCS joining The Village Shopping Center
Metro PCS continues to expand throughout the Valley signing a lease for a 1,105-square-foot space just west of the southwest corner of 19th Avenue and Dunlap Avenue in Phoenix. Chris Corso and John Palmieri of De Rito Partners represented the landlord in the deal.
Mountain Range Restaurants leases former El Paso BBQ
De Rito Partners’ brokers Matt Morrell and Paul Serafin represented the landlord in completing a deal for Mountain Range Restaurants to lease the former El Paso BBQ at the southwest corner of 43rd Avenue and Peoria Avenue in Phoenix. The lease was for a 4,700-square-foot space.
6.7 acres sold in Chandler off Loop 202
De Rito Partners’ broker Michael McWilliams represented the seller in completing a deal for 6.7 acres west of the northwest corner of Loop 202 and Gilbert Road in Chandler, Arizona. Chilton Properties was the buyer of the land.
Sushi restaurant to open at McDowell Marketplace
Sushinola Roll signed a lease to open a restaurant at McDowell Marketplace at the southwest corner of 59th Avenue and McDowell Road in Phoenix. Marcela Houser of De Rito Partners represented the tenant in completing the deal for a 1,320-square-foot space.
Courtyard Interiors joining dynamic Pavilion’s at Talking Stick
De Rito Partners’ brokers Gordon Heckaman and Carl Jones, Jr. represented the landlord in completing a deal to bring Courtyard Interiors by J&L Flooring, Inc. to The Pavilions at Talking Stick. The deal was for 2,163 square feet at the center located just off of Loop 101 and Indian Bend Road in Scottsdale, Arizona.
About De Rito Partners
De Rito Partners is structured into five entities; Established in 1992, De Rito Partners, Inc., has grown to become one of the largest brokerage firms in Arizona specializing in retail. De Rito Partners, Inc., offers full-service retail brokerage operations, property leasing, sales and tenant representation. The company has 31 seasoned brokers exclusively representing more than 220 shopping center owners and 60 national and local retailers. De Rito Partners, Inc., is also the exclusive Arizona member of Retail Brokers Network, a national real estate powerhouse composed of the foremost retail brokerage firms in the U.S. De Rito Partners Development specializes in the development and redevelopment of select retail and mixed-use properties. Currently redeveloping 1.1 million sq ft at The Pavilions at Talking Stick (formerly Scottsdale Pavilions), the company creates retail environments for shoppers, merchants, communities and investors, and has developed 19 first-class retail and auto properties totaling more than 5 million square feet throughout the Greater Phoenix area. De Rito Property Management offers premier-quality property management services for retail properties of any size. Currently managing 32 properties totalling over 725,000 square feet. De Rito Opportunity Investors has recently purchased 44 retail assets, with plans to purchase 3 more this year in Arizona and Nevada, offers individually tailored retail property solutions, specializing in acquisitions of distressed properties and value added opportunities. De Rito Land Development specializes in current ground up developments. The company website is www.derito.com.
