Press Release brought to you by NAI Horizon

NAI Horizon negotiates long-term lease for Planet Fitness in Gilbert

11/15/2016

    PHOENIX, ARIZONA (November 15, 2016): NAI Horizon negotiated a long-term lease for a Planet Fitness at Warner Greenfield Square, 858 S. Greenfield, Rd., in Gilbert, Ariz.

    The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega, and Retail Specialist Patrick Anthon represented JEG-FIT Greenfield & Warner LLC of Philadelphia in the transaction totaling $3.3 million.

    “Planet Fitness searched in the area extensively and this former Fresh & Easy sat vacant for an extended amount of time,” Tworek said. “The existing building was not the ideal size for the tenant’s use, but dealing with this particular landlord was a great experience as both tenant and landlord thought outside the box and collaborated to complete a complex transaction. The building will be expanded for the tenant’s use along with some additional modifications to the existing shopping center.”  

     This is the third long-term lease for a Planet Fitness in Metro Phoenix for the NAI Horizon retail team in the past six months. Other municipalities include Queen Creek and Maricopa.

    The landlord in the Gilbert deal, Warner Greenfield LLC of Tualatin, Ore., was represented by Jason Fessigner of Strategic Retail Group.

PHOTO ID: (Left to right) Shelby Tworek, Chris Gerow, Gabe Ortega, Patrick Anthon

 

About NAI Horizon

Established in 1992, NAI Horizon is a full-service commercial real estate brokerage and management firm serving Arizona through its offices in Phoenix and Tucson.  In June 2015, NAI Horizon became one of the few broker-owned and operated full-service commercial real estate firms in Arizona. 

Exceptional global commercial real estate solutions begin with local market leadership and expertise. 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 which provides real estate solutions worldwide.

For more information visit www.naihorizon.com.

 

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. 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. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific,

with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

To learn more, visit www.naiglobal.com.

 

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Source

NAI Horizon

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