Phoenix, Ariz. (September 7, 2017) - Sky Zone, a family trampoline and event center, has completed a 27,000 square foot lease on an anchor space at Hancock Plaza, located at 4801 - 4859 East Greenway Road in Scottsdale, Arizona. It is owned and operated by Litwin Management, a full-service property management company. Kidder Mathews commercial real estate broker, Jenette Bennett, represented Litwin Management in the transaction, along with Josh Stewart of Rein & Grossoehme Commercial Real Estate.
The space is a creative, adaptive re-use of a former grocery store. It will involve transitioning the building from grocery to retail and demising the space. An additional 15,215 square foot suite remains available.
"With big box vacancy on the forefront of retail concerns, there continue to be property owners, tenants, and brokers working through the process to find innovative ways to fill these spaces," said Bennett.
Hancock Plaza is on the border of Scottsdale and Phoenix. The location has high traffic counts and has been a staple for the community since construction.
"Grocery and big box closures exist, but Phoenix has a dense population with market demands on which tenants can capitalize. We have received consistent interest from all types of tenants, and expect to lease the remaining space shortly," said Bennett.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with nearly 800 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $5.6 billion in transactions, manages over 48 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.