FOR IMMEDIATE RELEASE – April 15, 2022
VESTIS GROUP NEGOTIATES GROUND LEASE FOR BIKINI BEANS COFFEE ON BELL ROAD IN PHOENIX AZ
Vestis Group negotiated a ground lease for Bikini Beans Coffee, at the intersection of 32nd Street and Bell Road, in Phoenix, Arizona.
(Phoenix – April 15, 2022) – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the completed ground lease for Bikini Beans Coffee, along Phoenix’s Bell Road Corridor, at 3155 E Bell Rd, Phoenix, AZ 85032.
“This is our 5th transaction representing Bikini Beans Coffee in the Phoenix market and we believe this particular location should do extremely well for the brand,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “Bikini Beans Coffee’s North Phoenix store is located at the southwest corner of 32nd Street and Bell Road. Neighboring business in the trade area include Sherman Williams, Chipotle Mexican Grill, Fry’s Food Stores, Lifted Trucks, Harbor Freight Tools, Esporta Fitness, and Marvel Building And Masonry Supply. Bikini Beans Coffee has three additional locations coming soon and we are excited to announce those store locations when appropriate. We are actively seeking additional locations for Bikini Beans Coffee across Metro Phoenix.”
The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the ground lease on behalf of the tenant, Bikini Beans Coffee. Vestis Group provides tenant representation services to select national, regional and local tenants with their expansion plans throughout Arizona.
Vestis Group is the broker of choice for individuals and institutions investing in multifamily, residential and commercial real estate throughout the Phoenix Metropolitan Area and across the state of Arizona. Our advisors assist clients in the acquisition, disposition, leasing and asset management of multifamily, residential and commercial investment assets, including, apartments, retail, office, industrial, residential income and single-family investments. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartment units, condos, single-family homes and home sites. For more information, please visit: Vestis-Group.com.
About Vestis Group
Vestis Group is a leading investment real estate sales and advisory services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multifamily, residential and commercial property owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Landlord Representation, Investment Sales, Restaurant & Entertainment Leasing, Specialty Leasing, Asset Management, Project & Development Services, Research and Consulting.
For more information, please visit: Vestis-Group.com.