LA Fitness International is lining up a construction schedule to drive an October 2002 opening at the northwest corner of 48th Street and Chandler Boulevard in Phoenix. Dave Newquist and Ron Ault, both of CB Richard Ellis Inc.'s Phoenix team, represented the retail center's owner, Orsett/ER LLC of Wellesley, MS. Walt Brown of Diversified Retail Brokers in Phoenix acted on the tenant's behalf.
Newquist and Ault also represented property owner, Bell Arrowhead LLC of Corona Del Mar, CA in a 12-year lease valued at nearly $2.4 million. Trader Joe's Co. opened a 9,965-sf freestanding store at 7720 W. Bell Rd. in Glendale as a result of the signing. IDS Inc. of Vail, CO represented the South Pasadena, CA-based tenant.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
