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De Rito Partners, Inc. Releases Recent Commercial Transactions Smart & Final adds three new Valley locations Martin Leon and Chris Corso of De Rito Partners completed leases to add three Smart & Final Extra stores to the retailer’s Valley lineup. Smart & Final completed a lease of a 28,985-square-foot space at the northeast corner of 35thAvenue and Greenway Road, as well as a 28,280-square-foot space at the northeast corner of Tatum Boulevard and Thunderbird Road in Phoenix. A deal was also completed for a 35,949-square-foot space at the southwest corner of Gilbert Road and Guadalupe Road in Gilbert. Little Caesar’s Pizza opens new Queen Creek location Little Caesar’s Pizza finalized a deal to open a new location in Queen Creek at the southeast corner of Power Road and Queen Creek Road. De Rito Partners’ Morey Fischel represented the tenant in leasing a 1,500-square-foot space. Taco Bell adds new site in Casa Grande Taco Bell purchased a 55,750-square-foot pad space at the northeast corner of Pinal Avenue and McCartney Road in Casa Grande. Paul Serafin of De Rito Partners represented the buyer in completing the transaction. Internet café joins Cave Creek Plaza International Communication Centers completed a deal to open a 3,041-square-foot internet café at Cave Creek Plaza located at the southwest corner of Cave Creek Road and Bell Road in Phoenix. Gordon Heckaman and Carl Jones, Jr. of De Rito Partners represented the landlord in signing the lease. The Pavilions at Talking Stick adds spa The Pavilions at Talking Stick added a new tenant to its growing roster with the completion of a lease to Comfort Foot Spa. De Rito Partners’ Gordon Heckaman and Carl Jones, Jr. represented The Pavilions in completing the lease of a 1,227-square-foot space. Former M&I Bank building sells De Rito Opportunity Investors, LLC sold a 4,574-square-foot, former M&I Bank retail building, which is now leased by Urgent Care Extra. Paul Serafin of De Rito Partners represented the seller. The Kobold Group LLC purchased the building located at the corner of Ironwood Road and Ocotillo Road in San Tan Valley, Arizona. Orange Theory joins Gilbert Town Square Orange Theory Fitness completed a deal to add a new Valley location, this one at Gilbert Town Square in Gilbert. Carl Jones, Jr. of De Rito Partners represented the landlord in completing the lease of 3,593 square feet. The center is located just south of the southwest corner of Warner Road and Gilbert Road. Paseo Del Oro adds new athletic center AZ Elite Sports & Gym completed a transaction to sublease the former Pure Fitness at the Paseo Del Oro shopping center in Chandler. The tenant leased 33,236 square feet at the center located at the northeast corner of Alma School Road and Elliot Road. Mike Kumelski and Paul Serafin of De Rito Partners represented the landlord in completing the deal. Sam’s Furniture & Appliance leases Phoenix space Sam’s Furniture & Appliance store completed the lease of a 24,608-square-foot space at the northwest corner of 43rd Avenue and Indian School Road in Phoenix. Lizette Borbon-Iskhakova of De Rito Partners represented the landlord in completing the transaction. Sutra Midtwon expands with second location Sutra Midtown yoga studio is opening its second location after finalizing a deal to lease a 3,896-square-foot space in Downtown Phoenix. Sutra Midtown will add a location at 1st Street and Portland Street. Steve Bonnell of De Rito Partners represented the owner in the deal. Foot Spa Reflexology adds Mesa location Foot Spa Reflexology completed a deal to open a new location at the northwest corner of Signal Butte Road and Southern Avenue in Mesa. Steve Bonnell of De Rito Partners represented the tenant in signing a lease for a 1,680-square-foot space. Veterinary clinic joins Macayo’s Plaza Purrfurred Pets Clinic signed a lease to open a location at the southwest corner of Reems Road and Bell Road in Surprise. Brian Bridgman of De Rito Partners represented the owner in completing the deal for 2,395 square feet. Western State Bank adds fourth Valley location Western State Bank is opening their fourth Valley location and first in the West Valley at 99th Avenue and Bell Road. Larry Zebe of De Rito Partners represented the tenant in completing the deal for 1,900 square feet. De Rito brokers re-lease Arrowhead anchor space Martin Leon and Chris Corso of De Rito Partners represented the owner in finalizing a sub-lease of 18,321 square feet to American Furniture Warehouse. The retailer leased the space located in the busy Arrowhead Entertainment District near the northeast corner of 83rd Avenue and Bell Road. UPS renews lease at Ocotillo Shopping Center Chris Corso of De Rito Partners represented the owner of Ocotillo Shopping Center in renewing the lease of The UPS Store. The tenant will remain at the 1,400-square-foot space located at the northwest corner of Alma School Road and Chandler Heights Road in Chandler. Spa opens first location at Fairway Center in Phoenix Lazer Spa signed a lease to open its first location at Fairway Center, located at the southeast corner of 59th Avenue and Indian School Road in Phoenix. Stan Sanchez represented the owner in completing the lease of a 1,265-square-foot space. Two new tenants join Verde Valley Plaza De Rito Partners’ Dale Harsh represented the owner of Verde Valley Plaza in Cottonwood, Arizona in completing the leases of an 800-square-foot space as well as an 825-square-foot suite. Barista Bar & Bagel is taking 800 square feet and Wireless Generation is leasing the 825 square feet at the plaza located at the southwest corner of Highway 89A and Highway 260. Subway adds another Valley location Subway completed a lease to open another Valley location at the southwest corner of 43rd Avenue and Peoria Avenue in Glendale. Matt Morrell of De Rito Partners represented the owner in completing the lease of 958 square feet. Vanity Vapor joins Parkway Village Parkway Village signed another new tenant with a lease from Vanity Vapor. The tenant will take a 1,307-square-foot space at the center located at Estrella Parkway and Roosevelt Street in Goodyear. De Rito Partners’ Matt Morrell represented the owner in the transaction. Bakery leases restaurant building in Mesa Miss Donuts & Bakery finalized the lease of a 2,928-square-foot former Del Taco restaurant at the southwest corner of Alma School Road and Main Street in Mesa. Matt Morrell of De Rito Partners represented the owner in completing the lease. About De Rito Partners Platform 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. The company offers full-service retail brokerage operations, property leasing, sales and tenant representation. The company has 26 seasoned brokers exclusively representing more than 200 shopping center owners and 60 national and local retailers. The company 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 square feet at The Pavilions at Talking Stick (formerly Scottsdale Pavilions), the company creates retail environments for shoppers, merchants, communities and investors, and has developed 20 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 33 properties totalling 2,025,450 million square feet. De Rito Opportunity Investors, LLC has recently purchased 45 retail assets, with plans to purchase 5 more this year in Arizona and Nevada and offers individually tailored retail property solutions, specializing in acquisitions of value-added and stable assets. De Rito Land Development, LLC specializes in ground-up grocery anchored and other commercial neighborhood shopping centers. The company website is www.derito.com.
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