Tag Archives: SRS Real Estate Partners

123rf.com: inq

SRS Real Estate Partners hires new senior vice president

HeadShotSRS Real Estate Partners has welcomed Brad Balbo as senior vice president in the Phoenix office. A well-known individual in the Phoenix industry with an established reputation, he specializes in the leasing, valuation, and operations of retail shopping centers and excels in all things restaurant related. He will focus primarily on landlord and tenant representation and investment sales alongside the Phoenix team.

Balbo brings more than 21 years of experience to SRS and started his career with Trammell Crow Company in in early 1990s. Balbo was a top producer and launched that into a successful career of leasing, development, and investment sales. During the 2000s, he joined Pacific Capital Investments as Director of Leasing and Principal. Based in California at that time, he helped grow the investment portfolio to more than $800 million, and managed a team of brokers across the Western U.S.

He most recently worked with a boutique firm in Scottsdale, where he was a top producer. Balbo comes highly recommended by individuals in the industry and is known for his integrity, passion, positive attitude, leadership and creative marketing strategies.

Balbo has a pre-law degree from the University of North Texas. He is an avid golfer and sports fan. He enjoys traveling, reading and traveling with his wife, Julie.

“Brad is a highly respected and well-established professional in the Phoenix retail real estate industry,” said Ed Beeh, EVP and market leader in the Phoenix office. “We are very lucky to have him join us in Phoenix.”

College Park

Two new tenants for College Park Shopping Center

SRS Real Estate Partners is pleased to announce two new leases at College Park, a neighborhood shopping center adjacent to Grand Canyon University located at the northeast corner of Camelback Road and 35th Avenue in Phoenix, Ariz.

Epic Thrift has leased approximately 15,000-square-feet of space in the shopping center. Epic Thrift has five locations in Phoenix and College Park will serve as their sixth location in Arizona. The College Park location is scheduled to open late summer or fall 2014.

The second lease is with Metro PCS, a no annual contract cell phone provider. Metro PCS leased a 1,200-square-foot space and is scheduled to open summer 2014. Other notable tenants located at College Park include; Subway, El Taco Tote, Grand Mart and Great Wall Restaurant.

Scott Ellsworth and Brian Polachek with SRS Real Estate Partners represented the landlord, Fortuna Asset Management, in both transactions. Neil Board with Western Retail Advisors represented Epic Thrift.

Village Fair North_Phoenix AZ

Bonefish Grill to Open First Arizona Location

Cassidy Turley, a leading commercial real estate services provider in the U.S., announced it has completed an 18,611 square foot ground lease for Bonefish Grill, LLC, at Paradise Valley Mall Village Fair North located on Cactus Road and Tatum Boulevard in Phoenix.

Cassidy Turley Managing Directors Cliff Johnston and John Appelbe represented the landlord, FTT Village Fair North LLC, in the lease transaction, while Bonefish Grill was represented by SRS Real Estate Partners. The first Bonefish Grill location in Phoenix is scheduled to open by the end of 2014.

Founded in 2000 in St. Petersburg, FL, by Tim Curci and Chris Parker, the Bonefish Grill experience is the perfect recipe marrying simplicity, quality and consistency in food, service, ambiance and value. As the “Fresh Fish Experts,” Bonefish Grill specializes in market-fresh fish and other wood-grilled specialties. Recently named a “Golden Chain” award winner and the top consumer pick for seafood from Nation’s Restaurant News, as well as “Best Seafood Restaurant in the Nation” by a leading consumer product guide, Bonefish Grill has locations in several states and prides itself on the local feel of each restaurant. For more information about Bonefish Grill visit www.bonefishgrill.com.

Knockouts Haircuts For Men signs first lease in Tempe

El Dorado SpringsSRS Real Estate Partners is pleased to announce that Knockouts Haircuts For Men, a boxing-themed hair salon that caters exclusively to men, has leased a 1,028-square-foot space in El Dorado Crossing.

Knockouts is a sports-themed full-service salon specializing in competitively priced haircuts, color/lightening, manicures, pedicures, hair waxing, and massage. The Knockouts environment is upscale, yet casual and relaxed, with the stylists cutting hair inside boxing rings. Knockouts offers many other amenities including all cable & sports channels, individual remote controls at each station, and free beverages.

Tom Friday, founder and CEO of the franchise said, „The reason why Knockouts is so great is we are really a day-spa for dudes where men feel comfortable and enjoy products and services specifically designed for them. The concept has been enormously popular and successful across the country. The men‚s personal grooming segment is growing twice as fast as the women‚s. Knockouts‚ creates a pampered grooming experience in a guy-friendly environment and at an affordable price.‰

El Dorado Crossing is located west of the northwest corner of Elliot Road and Kyrene Road in Tempe, Ariz. Other tenants in the center include Jimmy John‚s and America‚s Taco Shop. Knockouts Haircuts For Men plans to open fall of 2014, this will be this franchisee‚s first location in Arizona with plans to open additional locations in Tempe, Chandler, and Scottsdale in 2015.

Scott Ellsworth with SRS Real Estate Partners represented the tenant, Knockouts Haircuts for Men, and Gabe Ortega with NAI Horizon represented the Landlord, Anthony Leparulo Separate Property Trust, in this transaction.

Dunkin Donuts Phx, WEB

SRS Real Estate Partners Sells Two Restaurants

SRS Real Estate Partners represented AGV Venture Properties, LLC in the sale of a 2,139 SF single tenant building located at 2345 West Thomas Road in Phoenix. The property sold for $985,000 to Intelligent Int’L Co. Ltd. The building is located east of the southeast corner of Thomas Road and I-17 and is currently leased by a Dunkin’ Donuts.

SRS Real Estate Partners represented David Kline in the $948,148 purchase of a 2,000 SF single tenant building located at 7510 South Rural Road in Tempe, Ariz. The building is located north of the northwest corner of Elliot Road and Rural Road and is currently leased by Dairy Queen.

Sean Thomas a first vice president with SRS Real Estate Partners represented the seller, AGV Venture Properties, LLC in the Dunkin’ Donuts building transaction. Sean Thomas represented the buyer, David Kline in the Dairy Queen building transaction.

Doghouses, SRS

SRS Real Estate Partners Builds Dog Houses, Team Esprit

Brokers and employees of SRS Real Estate Partners (SRS) gathered in Scottsdale from January 22 to 24 for the annual SRS Summit where they participated in a charity event benefiting Lost Our Home, a Phoenix-area animal shelter.IMG_1726

As a team building project, Summit attendees were split into teams and given the task of building a dog house intended to be given as an incentive to adopt a homeless pet.Lost Our Home Pet Foundation was on site with some of their homeless animals to provide inspiration and collect the 14 dog houses that were completed. All of the homes, along with a collection of pet supplies donated by PetSense, will go to families that adopt animals from the Lost Our Home shelter.

Kits for the dog houses, hardware, and tools were provided to each team with a set of instructions. Teams worked together to answer trivia questions in order to gather all of the pieces of the dog house. Once completed, each team put their personal touches on the dog houses by painting and decorating each of them in a unique way. Summit attendees were pleased to participate in an event that inspired their creativity and gave back to the community.

Lost Our Home is dedicated to rescuing pets abandoned or at risk of homelessness due to foreclosure, eviction, or other financial hardship. They provide compassionate options when realtors and the community find an abandoned pet. To date, they have rescued over 2,600 cats and dogs, fed approximately 12,000 more through their food bank, and paid thousands of dollars in medical aid.

IMG_1837“The dog house team building event was a great opportunity for our brokers and staff to work together to accomplish a goal, made even more meaningful by the fact that the finished houses were going to be donated to Lost Our Home,” said Chris Maguire, CEO and chairman of the board for SRS. “We encourage giving back to the local community and helping a Phoenix area charity while we were gathered together for Summit was a goal of ours. Everyone who participated really enjoyed themselves and we are pleased with the outcome of the event.”

The Zimmerman Telegram was an intercepted message from German officials, asking Mexico to join their war efforts in exchange for Arizona

Jimmy John’s Leases Space in Old Town Scottsdale

SRS Real Estate Partners has leased another space for Jimmy John’s Gourmet Sandwiches. The former Qdoba space is 1,875 SF, located at the SWC of Indian School and Scottsdale roads. Jimmy John’s will open spring 2014. The space is located on the hard corner of the high traffic intersection adjacent to the Starbucks in prominent Old Town Scottsdale.

Brian Polachek with SRS Real Estate Partners represented Jimmy John’s in the transaction.  Michael Feldman and Danielle Davis at LevRose Real Estate represented the landlord, PMC Enterprises, LLC.

RPM Spin

SRS Real Estate Partners Bring RPM Spin to Grayhawk Plaza

SRS Real Estate Partners announced Tuesday that RPM Spin, a spin cycle studio, has leased a 1,383 SF space at Grayhawk Plaza Shopping Center. The new location for RPM Spin is located at the SEC of Grayhawk Drive and Scottsdale Road in Scottsdale.  RPM Spin is a boutique drop-saddle spin studio focused on speed, endurance, and strength.  The studio opens this Saturday, January 11, at 8:30 and 10 a.m. for rides and your first class is free!

Corey Condit with SRS Real Estate Partners represented the tenant, RPM Spin, LLC, in the transaction. Adam Madison with Cushman & Wakefield represented the landlord, Scottsdale Grayhawk Center, LLC.

Pita Pit

Pita Pit to Open in Gilbert Gateway Towne Center

SRS Real Estate Partners announced Tuesday it has secured another location for Pita Pit at Vestar’s Gilbert Gateway Towne Center located at the SWC of the San Tan Freeway and Power Road in Gilbert. This Target-anchored center includes Michael’s, Ross, Petsmart and Sweet Tomatoes. The 1,500 SF Pita Pit is scheduled to open 1Q 2014.

Gilbert Gateway Towne Center will serve as this franchisee’s second location in the Valley and third in the state. Its first location opened last year at Yuma Palms Regional Center.  Its second location is now open at Centerpoint on Mill, located at the northwest corner of University Drive and Mill Avenue in Tempe, Ariz.  They are currently seeking additional valley locations.

Scott Ellsworth with SRS Real Estate Partners represented Pita Pit on the Phoenix MSA transactions and Brian Woods with Colliers International represented the landlord Vestar, LLC at Gilbert Gateway Towne Center.

Centerpoint on Mill Photo, olson pr

SRS Real Estate Partners Brings Hot N Juicy Crawfish to Tempe

SRS Real Estate Partners announced that seafood restaurant Hot N Juicy Crawfish has leased a 3,170 SF space at Centerpoint on Mill. This is Hot N Juicy Crawfish’s first location in Arizona, and the restaurant plans to open Spring 2014. Tenants located at Centerpoint on Mill include; AMC Theaters, P.F. Chang’s, Mellow Mushroom, Five Guys, Jimmy John’s and Zipps Sports Grill.

Scott Ellsworth and Brian Polachek with SRS Real Estate Partners represented the landlord, DMB Associates, in the transaction.

Edible Arrangements

SRS Real Estate Partners Brings Edible Arrangements to Phoenix

Edible Arrangements has leased a 1,266 SF space located at the NWC of Greenway Road and Tatum Boulevard in Phoenix, SRS Real Estate Partners announced Tuesday. Other tenants in the center include Modern Grove and Firehouse Subs. Edible Arrangements plans to open in the next few months.

Chuck Gibson with SRS Real Estate Partners represented the tenant, Edible Arrangements, in the transaction. Zach Pace with Phoenix Commercial Advisors represented the landlord, Jamel Greenway, LLC.

Dollar Tree

SRS Real Estate Partners Brings Dollar Tree to San Tan Gateway

SRS Real Estate Partners is pleased to announce that Dollar Tree has leased a 12,100-square-foot space in the San Tan Gateway North Shopping Center located at the northeast corner of Loop 202 and Arizona Avenue in Chandler, Ariz.  The Dollar Tree is now open, other tenants in the project include Walmart, Anna’s Linens, Goodwill, and 24 Hour Fitness.

Kurt Kalocin with SRS Real Estate Partners represented the tenant, Dollar Tree, in the transaction.


SRS Names Alan Houston A 1st VP Of Its Phoenix Office

SRS Real Estate Partners named Alan Houston as a first vice president in the Phoenix office.

Alan Houston brings with him nearly 20 years of commercial real estate experience and relationships throughout major markets across the south central and southwestern U.S.

Alan Houston has been actively involved in acquisition, disposition, development, land brokerage and the completion of more than 700 leases and renewals. He began his retail brokerage career in Austin, Texas, and relocated to Houston in 1996 to join Weingarten Realty Investors. There he was responsible for the leasing and marketing of retail and mixed use properties in multiple states across the south central U.S. Houston relocated to Phoenix in 2007, and as vice president/regional leasing director, led a team of leasing executives covering five southwestern states and a varied portfolio that at times consisted of more than 50 shopping centers, encompassing over six million square feet.

“Alan is a great addition to our team,” said Ed Beeh, executive vice president and market leader for the SRS Phoenix office. “He has extensive and well-rounded knowledge of the retail real estate industry, which will greatly benefit our company and clients.”

Alan Houston graduated from the University of Texas at Austin with a bachelor of business administration degree, specializing in finance and real estate. He has been an active member of International Council of Shopping Centers (ICSC) since 1994 and spends time volunteering at the United Way serving on the Resource Management Committee.

For more information on SRS Real Estate Partners, visit their website at www.srsre.com.