PHOENIX, ARIZ. – NAI Horizon negotiated a long-term lease for Planet Fitness at 8921 N. 7th St., in North Phoenix.
In the past year, NAI Horizon has negotiated leases totaling more than $23 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 $2.16 million.
“This was an opportunity in a trade zone that has been overlooked by many other concepts,” Tworek said. “With the remodeling of this shopping center, this will be an exceptional location in a great neighborhood for Planet Fitness.”
The Phoenix Planet Fitness will occupy a vacant building totaling 19,764 square feet that previously housed a Goodwill store.
The landlord, 7th Street & Townley LLC, of Phoenix was represented by Jason Hersker of Capital Asset Management.
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 HYPERLINK “http://www.naihorizon.com” \t “_blank” 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.