Vestis Group Negotiates Two Retail Leases
Vestis Group negotiated a ground lease for Salad & Go, at the intersection of 19th Avenue & Northern Avenue, in North Central Phoenix and 2,000 SF retail lease for Balunsd in North Scottsdale
Phoenix, Arizona – Vestis Group, a commercial brokerage and investment firm in Phoenix, announced the completion of a ground lease for Salad & Go, along Phoenix’s 19th Avenue Corridor, at 8054 N 19th Avenue, Phoenix, AZ 85021.
“This will be Salad & Go’s nineteenth location in Arizona,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “this location is located in the Sprouts-anchored shopping center at the northwest corner of 19th Avenue and Northern making it ideal for customers living and working in North Central Phoenix. The new location is currently under construction with a grand opening date later this spring.”
The landlord for the Salad & Go ground lease is a private investor from Tucson, Arizona.
In a separate transaction, Vestis Group also completed the lease for Balunsd, in North Scottsdale, at 14202 N Scottsdale Rd, Suite 165-A, Scottsdale, AZ 85254.
“This is the second Scottsdale location for Balunsd. The first location opened near Old Town at 6820 E 5th Ave, Suite 115, Scottsdale, AZ 85251,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “Balunsd is an advanced performance and recovery studio. Balunsd provides its clients with access to advanced recovery and performance tools used by professional and elite athletes. We are actively seeking additional locations for Balunsd in the Southeast Valley and across Metro Phoenix.”