NAI Horizon negotiates long-term lease for Phoenix Planet Fitness
PHOENIX, ARIZONA (September 26, 2017): NAI Horizon represented the landlord and the tenant in negotiating a long-term lease for Planet Fitness at 2456 E. Baseline Rd., in Phoenix.
The NAI retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek and Gabe Ortega, and Associate Patrick Anthon represented both sides in the $5.255 million transaction for the retail property.
The landlord is Vahik Sahaklan & Sons, LLC, of Fishers, Indiana. The tenant is PF South Mountain, LLC, of Sedona, Arizona.
“This location fills the void in the South Mountain retail corridor for affordable fitness,” Gerow said. “NAI Horizon continues to bring Planet Fitness locations to underserved areas of the Valley.”
The new Phoenix Planet Fitness location will take up 20,350 square feet at 24th Street and Baseline Road.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 400 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.
NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit: www.naiglobal.com.