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De Rito Partners June 2013 Recent Transactions

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McLaren Automotive Scottsdale
McDonald’s opening new location in Prescott
McDonald’s made a deal for a ground lease of 34,000 square feet at the Frontier Village Shopping Center in Prescott. The center is located along East State Highway 69. Steve Bonnell of De Rito Partners, Inc. represented the tenant in signing the lease.

Red Hut Coffee & Espresso opening in Downtown Phoenix
De Rito Partners, Inc. broker Carl Jones, Jr. represented Red Hut Coffee & Espresso in signing a lease at the northwest corner of 7th Street and Roosevelt Street. The deal is for a 1,575-square-foot space in downtown Phoenix, and will be the tenant’s first location in the area.

New restaurant set to open at Shops at Gilbert Fiesta
Copper Still Moonshine Grill leased 3,840 square feet at The Shops at Gilbert Fiesta in Gilbert. The center is located just south of the southeast corner of Gilbert Road and Williams Field Road. Gordon Heckaman and Matt Morrell of De Rito Partners, Inc. represented the landlord in the lease.

McLaren Automotive coming to Scottsdale
De Rito Partners, Inc. broker Martin Leon represented McLaren Automotive/Auto Gallery of Scottsdale in signing a lease to open a gallery in Scottsdale. The lease is for a 9,988-square-foot space at the southeast corner of Raintree Drive and 83rd Place.

Barbershop joining North Central Plaza in Avondale
H & R Barbershop signed a lease at the North Central Plaza located just south of the southeast corner of Central Avenue and Van Buren Street. Carl Jones, Jr. and Lizette Fonseca of De Rito Partners, Inc. represented the landlord in signing the lease for 1,200 square feet.

Arizona Healthy Care to open in West Phoenix
Arizona Healthy Care to open at the northwest corner of 43rd Avenue and Indian School Road in Phoenix. The deal is for 1,256 square feet, with Lizette Fonseca and Bill Bones of De Rito Partners, Inc. representing the landlord.

Java Flag to open in Flagstaff
Java Flag purchased a former Starbucks off of Milton Road, just north of University Avenue in Flagstaff. Java Flag made an unsolicited offer for the 2,200-square-foot space. Jackie Fisher of De Rito Partners, Inc. represented the buyer in the transaction.

Culver’s to add location in Prescott Valley
Culver’s Restaurant purchased 88,000 square feet of land at the northwest corner of Highway 69 and Stroneridge Boulevard in Prescott Valley. Paul Serafin of De Rito Partners, Inc. represented the seller in the deal.

The Teen Hut coming to Sierra Vista center
Michael McWilliams and Bill Bones of De Rito Partners Inc. represented the landlord in signing a lease to The Teen Hut in Sierra Vista, Arizona. The deal was for 1,195 square feet at Charleston Crossing Shopping Center located at Highway 90 and Martin Luther King Boulevard.

Former Arby’s sold in Gilbert
A former Arby’s Restaurant at the southeast corner of Gilbert Road and Williams Field Road was sold to an investment group. Matt Morrell of De Rito Partners, Inc. represented the seller in the deal for the 3,000 square foot building.

Cell phone repair company moving into The Pavilions at Talking Stick
CPR Cell Phone Repair is set to open their first location at The Pavilions at Talking Stick. The tenant signed a lease to take a 1,674-square-foot space at the shopping center located at Loop 101 and Indian Bend Road. Gordon Heckaman of De Rito Partners, Inc. represented the landlord in the deal.

A-1 Cleaners and Kelly’s Nails renew at Ocotillo Shopping Center
A-1 Cleaners renewed their lease at the Ocotillo Shopping Center in Chandler. The tenant will remain in the 1,727-square-foot space at the center located at the northwest corner of Alma School Road and Chandler Heights Road. Kelly’s Nails also renewed their lease for 1,400 square feet in the same shopping center. De Rito Partners, Inc. brokers Bill Bones and Chris Corso represented the landlord in signing both renewals.

Pizza Hut secures North Scottsdale location
Pizza Hut will be opening a location in North Scottsdale at the northeast corner of Pima Road and Pinnacle Peak Road in the La Mirada Shopping Center. Morey Fischel of De Rito Partners, Inc. represented the tenant in signing the lease for the 1,160-square-foot space.

TitleMax adding another location in Phoenix
De Rito Partners, Inc. broker Bill Bones represented Title Max in signing a lease at the southeast corner of 35th Avenue and Southern Avenue in Phoenix. The deal was for a 3,247-square-foot space.

Source: De Rito Partners Press

Jul 4, 2013De Rito Partners, Inc.
6 years ago Done DealsDe Rito Partners, Phoenix Retail Completed Retail Deals, Retail Leases Signed Phoenix102
De Rito Partners, Inc.

De Rito Partners is structured into four 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 210 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, Inc., 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, LLC., offers premier-quality property management services for retail properties of any size. Currently managing 35 properties totalling over 1.7 million square feet. De Rito Opportunity Investors, LLC., has recently purchased 39 retail assets, with plans to add more this year, offers individually tailored retail property solutions, specializing in acquisitions of distressed properties and value added opportunities. Follow us on Twitter @derito_partners

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