Davis Enterprises, an investment and development company that has served the Phoenix commercial and multi-family market for six decades, recently closed on three lease deals for several of its properties in the Valley.
Ritoch-Powell & Associates (RPA), a full-service engineering and surveying firm, signed a long-term lease to occupy approximately 9,000 SF at 5727 N. Seventh St. in Phoenix. The tenant is expected to open its doors by Oct. 25. Davis Enterprises negotiated directly with RPA on the deal.
McDonalds signed a long-term ground lease at Melrose Marketplace, Davis Enterprises’ development on the SWC of Indian School Road and Seventh Avenue. The restaurant expects to open by Christmas. Jon Cowan and Adam Madison of Cushman and Wakefield represented both sides in the deal. Cowan now works for SRS Real Estate Partners.
Family Dollar signed a long-term lease at Melrose Marketplace for approximately 9,000 SF and recently opened its doors. Bill Moore of Fieldstone represented Family Dollar in the lease negotiations.
Melrose Marketplace is an infill redevelopment at the SWC of 7th Avenue and Indian School with anchor and pad space available.
