De Rito Partners, Inc. Annnounces the Following Transactions

Century Link adding another retail location

Century Link completed a deal to open their third retail location in the Valley, this one at the southeast corner of 44th Street and Thomas Road in Phoenix. Paul Serafin of De Rito Partners represented the tenant in completing the lease of a 1,300-square foot space.

LCP Equity Partners opening headquarters in Scottsdale

LCP Equity Partners signed a lease to open their office headquarters near Scottsdale Road and Indian School Road in Scottsdale, Arizona. The firm signed a lease of a 2,371-square-foot space, with John Palmieri of De Rito Partners representing the landlord. 

Nail Salon renews lease at DC Ranch Crossing

Luster Nails renewed their lease of a 1,664-square-foot space at The DC Ranch Crossing shopping center in Scottsdale, Arizona. John Palmieri and Paul Serafin of De Rito Partners represented the landlord in the lease renewal.

Nail Salon opening two locations in West Valley

Angel Nail & Spa completed deals to open two new locations, one in Surprise, Arizona and the other in Goodyear, Arizona. The tenant is opening a 1,910-square-foot salon at the Surprise Village Marketplace located at the southeast corner of Loop 303 and Bell Road. The tenant is also adding a 1,800-square-foot space at the southwest corner of Pebble Creek Parkway and McDowell Road in Goodyear. Chis Corso and Paul Serafin of De Rito Partners represented the landlords in each of the two deals.

Bar & Grill concept opening across from Peoria Sports Complex

The owners of Moonshine Bar & Grill in Tempe, Arizona are opening a second concept restaurant across from the Peoria Sports Complex in Peoria, Arizona. The tenant signed a lease for a 12,150-square-foot freestanding restaurant in the Arrowhead district, at 83rd Avenue and Mariners Way. De Rito Partners’ agent Paul Serafin represented the landlord in completing the deal.

Vapors Lounge to open first Arizona location

Vapors Lounge signed a lease to open their first location in Arizona at Scottsdale Road and Papago Drive in Tempe. The tenant completed a deal for an 808-square-foot space. Gordon Heckaman and John Trujillo of De Rito Partners represented the landlord in the deal.

 

Herbalife renews lease at Tony’s Plaza

Herbalife renewed their lease of a 500-square-foot space at Tony’s Plaza located at the northwest corner of 7th Street and Dunlap Avenue in Phoenix. John Trujillo of De Rito Partners represented the landlord in the deal.

Salon opening first Phoenix location

Salons by JC completed a deal to open their first location in the Phoenix metropolitan area. John Palmieri and Paul Serafin represented the tenant in leasing a 6,183-square-foot space just east of the northeast corner of Cactus Road and Tatum Boulevard.

Valero to build new gas station in Gilbert

Valero Gas completed a deal to build a new gas station/convenience store with an express car wash at the southwest corner of Pecos Road and Higley Road in Gilbert, Arizona. Paul Serafin of De Rito Partners represented the buyer in the land sale transaction.

Wells Fargo adding North Scottsdale branch

Wells Fargo Bank completed a lease to add a North Scottsdale branch at the southeast corner of Pima Road and Pinnacle Peak Road. The bank is leasing a 2,000-square-foot space at the Desert Village Shopping Center. Bill Bones and Steve Bonnell of De Rito Partners represented the tenant in the deal.

Fast casual concept opening in Peoria

Into the Woods, LLC completed a deal to open a fast casual concept in Peoria, Arizona. Mike Kumelski of De Rito Partners represented the tenant in completing a lease for 2,236 square feet at the southwest corner of 75th Avenue and Greenway Road.

Stingray to open second Chandler location

Stingray completed a deal to open their second Chandler location, this one at Chandler Pavilions located at 54th Street and Ray Road. Paul Serafin and John Palmieri of De Rito Partners represented the landlord in completing the lease for a 4,969-square-foot space.  

Dance studio joining Macayo’s Plaza

Spotlight Performing Arts Dance Studio signed a lease to join Macayo’s Plaza at the southwest corner of Bell Road and Reems Road in Surprise, Arizona. De Rito Partners’ agents Brian Bridgman and Trevor Clinch represented the landlord in completing the deal for a 2,387-square-foot space.

San Luis Shopping Center adding drinking water kiosk

Real Drinking Water completed a deal to open their fourth Arizona location, this one at South J Avenue and Piceno Drive in San Luis, Arizona. Carl Jones, Jr. and Lizette Borbon-Iskhakova represented the landlord in the 600-square-foot deal. 

Parcel sold along Loop 202 in Gilbert

Sub Rally II, LLC purchased 6.75 acres of land along the Loop 202 Freeway at the southwest corner of Gilbert Road and Pecos Road in Chandler, Arizona. De Rito Partners’ agents Martin Leon and Michael McWilliams represented the seller in the transaction.

Former Wendy’s building sold

Garrett Development Corporation purchased an existing Wendy’s restaurant building at the southwest corner of Warner Road and McClintock Drive in Tempe, Arizona. Martin Leon and Paul Serafin of De Rito Partners represented the tenant in the transaction. The building will be leased and developed into a new Starbucks.

Court reporting service moving in Central Phoenix

Ottmar & Associates court reporting services completed a deal to move their offices to 7th Street and Clarendon Avenue in Phoenix. Marcela Houser of De Rito Partners represented the tenant in leasing the 1,298-square-foot space.

Perfect Teeth Dentistry adding another Valley office

Perfect Teeth Dentistry signed a lease for a 4,000-square-foot location in North Scottsdale at the southeast corner of Loop 101 Freeway and Frank Lloyd Wright Boulevard. Paul Serafin of De Rito Partners represented the tenant in completing the lease.

CFC Financial joining Desert Sky Festival

CFC Financial (Coin for Cards) completed a lease at Desert Sky Festival in Phoenix, located at the southeast corner of 75th Avenue and Thomas Road. De Rito Partners’ agent Paul Serafin represented the landlord in finalizing the lease for 1,200 square feet.

Dutch Bros continuing Valley expansion

Dutch Bros. Coffee will add another Valley location at the southeast corner of 62nd Street and Bell Road in Scottsdale, Arizona. The tenant signed a ground lease for 20,145 square feet. Brian Bridgman and Marty Olejarczyk of De Rito Partners represented Dutch Bros in completing the deal.

Engine service relocating in Tempe

Avsets Engine Services completed a lease to move their industrial space just west of the southwest corner of Priest Drive and Todd Drive in Tempe, Arizona. The tenant signed a lease for a 5,206-square-foot space. Marcela Houser of De Rito Partners represented the tenant in the transaction.

Queen Creek Crossroads adding chiropractor and rehab office

AZ Premier Chiropractic & Rehab completed a deal to open an office at Queen Creek Crossroads in Queen Creek, Arizona. The tenant signed a lease for a 1,535-square-foot space at the center located at Ellsworth Road and Rittenhouse Road. De Rito Partners’ agents Chris Corso and Robert McKnight represented the landlord in the deal. 

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