Starbucks, Club Pilates and Snip Salon Sign Long-term Leases at Scottsdale North Marketplace

Retail Center Offers Premier Retail, Restaurant Dining and Office Spaces in Scottsdale

Scottsdale, AZ (January 8, 2018)—Coldwell Banker Commercial Advisors (CBC Advisors) and ValueRock Realty today announced the fully executed, long-term lease transactions of national tenant Starbucks and Club Pilates as well as locally owned Snip Salon & Gallery at Scottsdale North Marketplace on North Scottsdale Road.

“Scottsdale North Marketplace is one of the most opportunistic business locations in Scottsdale and serves the underserved upscale master-planned golf communities of Whisper Rock, Terravita & Bellasera,” said Kalen Rickard, Senior Vice President of Retail at CBC Advisors and exclusive leasing agent for Scottsdale North Marketplace.

Starbucks will occupy a ground-up free-standing store, to be developed by the owner, ValueRock Realty, of Irvine, California.  “This will be the third ground-up store we have partnered with Starbucks on in the last two years,” according to Matthew Landers of ValueRock. “We are also excited to add Club Pilates in 2018. Snip Salon & Gallery recently opened at Scottsdale North. These tenants are joining our current mix, which includes a gourmet AJ’s Fine Foods grocery anchor, Hand and Stone Spa and Chase Bank.”

Scottsdale North Marketplace features affluent demographics in close proximity to the center with average household incomes greater than $130,000, and further draws consumers from North Scottsdale, Carefree, and Cave Creek municipalities. “Starbucks provides a great additional draw to the center as the only drive-thru coffee opportunity within a 9-mile stretch of Scottsdale Road from Cave Creek/Carefree heading south”, Kalen continued. Tenants interested in leasing can contact Kalen Rickard at www.cbcadvisors.com.

As a full-service commercial real estate brokerage, CBC Advisors represents premier office, retail, investment, industrial and multifamily projects coast to coast while providing institutional-grade asset services nationwide.