Press Release brought to you by NAI Horizon

NAI Horizon negotiates long-term lease for Planet Fitness at Estrella Town Center in Phoenix

10/31/2018

PHOENIX, ARIZONA (October 31, 2018) – NAI Horizon negotiated a long-term lease for Planet Fitness at Estrella Town Center in Phoenix.

     With this deal, NAI Horizon has negotiated long-term leases in the past year totaling more than $21 million for Planet Fitness locations across the Valley.

   The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega, and Associate Patrick Anthon represented the tenant, United PF TOM LLC of Austin, Texas, in the Phoenix transaction totaling $1.387 million.

     “This is a strategic infill location that links three other clubs in the area, giving Planet the best market coverage of any health club,” Gerow said.

    The Phoenix Planet Fitness, 7620 W. Lower Buckeye Rd., will occupy 15,750 SF at Estrella Town Center. The developer is working at securing other tenants in the adjacent 13 acres.

      The landlord, HH-Estrella, LLC of Phoenix was represented by Tim Westfall of Newmark Grubb Knight Frank.

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.  

Source

NAI Horizon

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