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News release

Phoenix, AZ

Downtown, Midtown Interest Brings Hurley Plaza To Fully Leased

JLL completes four new tenant leases at 7th Avenue and McDowell Road center


PHOENIX, September 25, 2017 – Benefiting from booming interest in both the downtown and midtown submarkets, the Phoenix office of JLL has completed four new retail leases at Hurley Plaza. The deals bring the center to 100 percent occupied.

JLL Associate Tim Hurley and Senior Vice President Tyson Switzenberg represented the Hurley Plaza owner, an affiliate of Carlsbad, California-based Capstone Advisors.

The new tenants joining the project include:

  • Bodystreet Training technology-based fitness and strength training, represented by John Quatrini of Shell Commercial Real Estate.
  • Pop 'N Tea full-service boba tea and snack bar, represented by Lucky Espiritu of DPR Commercial.
  • The Joint chiropractic and wellness center, represented by Dan Smith of Arizona Elite Commercial.
  • Bishop's Barbershop full-service barbershop, represented by Brian Gausden of Western Retail Advisors.

Hurley Plaza is located at 540 W. McDowell Rd., on the northeast corner of 7th Avenue and McDowell Road, at the border of Phoenix's downtown and midtown submarkets.

"Downtown and midtown have both seen a steady boom of new multifamily and retail developments, and an influx of new office tenants," said Hurley. "Collectively, this has created a much more diverse and walkable urban core. Hurley Plaza is the perfect example of that transition, delivering the kind of quality space that tenants demand in a highly desirable, central location."
The new retailers at Hurley Plaza join a roster of existing national credit tenants including The Habit Burger, Potbelly's, Rubio's and T-Mobile.
Hurley Plaza sits less than one-half mile from I-10 and along two of the busiest access roads for travelers heading north, south, east and west from the downtown and midtown submarkets.

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

In Phoenix, JLL is a market leader employing more than 560 of the region's most recognized industry experts offering office, industrial and retail brokerage, tenant representation, facility and investment management, capital markets, multifamily investments and development services. In 2016, the Phoenix team completed 34 million square feet in lease and sale transactions valued at $1.5 billion, directed $105 million in project management and currently manages a 25.2 million-square-foot portfolio. For more news, videos and research resources on JLL, please visit www.jll.com or www.jll.com/phoenix.