Newmark Handles Two Recent Retail Transactions

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    Newmark1 logoLakhvir Kaur Hira dba John’s Smoke Shop renewed their lease of 1,000 square feet of retail space for 60 months at 7575 S. Rainbow Blvd., Ste 103, from DM Rainbow, LLC. Total consideration was $124,233.77. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the lessor in the transaction.

    Arshan, LLC sold 5,000 square feet of retail space at 5960 S. Fort Apache Rd., to Dunn-Edwards Corporation. Total consideration was $1,000,000. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the seller in the transaction. Bruce Heathcote of Lee & Associates represented the buyer in the transaction.