42 Saint to Open on High Street End of March

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Popular Local Boutique to open at ScanlanKemperBard Companies and Wayzata Investment Partners North Phoenix Development this Month

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“The opening of 42 Saint on High Street will be a welcome addition to our entertainment-driven destination,” said Leslie Himley, vice president of marketing for High Street.

Portland-based real estate private equity firm ScanlanKemperBard Companies (SKB) and Wayzata Investment Partners (Wayzata), is pleased to announce that 42 Saint, a popular local men’s and women’s boutique, will be relocating to its development on High Street (http://www.HighStreetAZ.com) this month from its current location at Kierland Commons.

42 Saint will be opening in a 2,000 square-foot space on the north side of High Street between AZ Body Mechanics and Modern Margarita. The boutique features an eclectic mix of clothes from the catwalks to the sidewalks, everything from haute couture to tee shirts. From small designers to big, if it’s different, clients find it at 42 Saint.

“The opening of 42 Saint on High Street will be a welcome addition to our entertainment-driven destination,” added Leslie Himley, vice president of marketing for High Street. “Their collection of small, hard to find designers as well as the best mainstream designers will be well-received by our residents and office tenants as well as the surrounding community that frequents our popular restaurant and bar collection.”

42 Saint’s owners Jennifer & Mark Manion have owned the boutique for 15 years launching in the downtown Scottsdale’s art district and operating there for five years, then moving up to Kierland for the past 10, and now High Street. The boutique will be open Monday through Saturday from 10 a.m. to 9 p.m. and noon to 6 pm. on Sunday in suite 109.

“We offer a unique shopping experience, we’re very much the neighborhood feel with amazing clothes and accessories, great tunes, and ice cold beverages on the house,” explained Mark Manion. “While fashion continually changes, Jennifer and I will always work to give the small designers the recognition they deserve while brining our loyal clientele the best product and lines from the big boys.”

“The announcement of 42 Saint follows the positive perception shift that has already occurred in eleven short months,” said Todd Gooding, president and principal of SKB. “This has always been an extraordinary real estate asset, created by a developer with a reputation for high caliber work. Our team, in conjunction with Jones Lang LaSalle and Southwest Retail Group has quickly elevated it to one of the most sought-after locations in Phoenix.”

Retail and Office leasing activity has picked up since ScanlanKemperBard Companies and Wayzata Investment Partners (The Ownership group) acquired High Street in April 2013.

Retail Leasing

New retail leases:

  •     La Bocca Wine Bar & Urban Kitchen – Opened January 2014: Tenant represented by Courtney Auther Van Loo and Brian Koco
  •     Murphy Orthodontics – Opened March 4, 2014: Tenant represented by Phil Wurth of Colliers International
  •     42 Saint – Opening March 2014: Tenant represented by Scott Johnson of MKJ Advisors
  •     Toby Keith’s I Love This Bar and Grill – Opening Summer 2014: Tenant represented by Stan Sanchez of DeRito Partners Inc. and Marc Offit of Sierra U.S. Real Estate.
  •     Rick Bronson’s House of Comedy – Opening Summer 2014: Tenant represented by Courtney Auther Van Loo and Brian Kocour of Cushman & Wakefield.

These five recently signed leases represent nearly 30,000 square feet on the ground level of the property and were brokered on behalf of the Ownership group by Southwest Retail Group.

Additionally, on September 3, Desert Ridge Pediatric Dentistry and Desert Ridge Prosthodontics opened offices on High Street representing 10,000 square feet. Mojo Yogurt also reopened in an 850 square foot space in October 2013.

Office Leasing

New office leases, expansions and renewals include:

  •     Gigya, a California-based company that provides B2B data and online services and also plans to create 200 additional high-quality jobs for the state recently signed a multi-year lease on a 7,600 square foot space: Tenant represented by Keith Lammersen of Jones Lang LaSalle.
  •     Tummy Company Inc., producer and distributor of Tummy Company and Relief OTC products signed a lease on a 2,200 square foot space: Tenant represented by Douglas daCosta of Remax Excalibur.
  •     Leadpoint Business Services, a provider of high performance work teams on demand also signed an amendment to their lease to expand their space by 6,300 square feet: Tenant represented by Bret Isbell of GPE Commercial Advisors.

These three recently signed leases, representing more than 16,000 square feet of office space, are in addition to a 2,700 square foot expansion by Kennedy Partners, a renewal by Guttilla Murphy Anderson, P.C. on their 6,100 square foot space and a 12-month lease by Stealth Software on a 3,850 square foot space.

All office lease deals were brokered on behalf of the Ownership group by Jones Lang LaSalle.

For continued updates on events, tenants and activities on High Street visit http://www.HighStreetAZ.com.

About High Street
High Street is a 628,000 square-foot mixed-used development in Northeast Phoenix featuring restaurants, retailers, Class A office space and luxury apartment homes. New tenants include La Bocca Wine Bar & Urban Kitchen, Desert Ridge Pediatric Dentistry, Desert Ridge Prosthodontics, Modern Margarita, AZ Body Mechanics and Aspire Salon & Spa. Other highlights in the property’s popular restaurant and bar collection include Ocean Prime, Blue Martini, Kona Grill, Mellow Mushroom and coming Summer 2014 Rick Bronson’s – House of Comedy and Toby Keith’s I Love This Bar. For more information, visit http://www.HighStreetAZ.com.

About ScanlanKemperBard Companies
Formed in 1993, SKB is a fully integrated real estate merchant banking firm based in Portland, Oregon with additional offices in Seattle and Denver. Investment types include office, retail, industrial and mixed-use. SKB also funds bridge loans and periodically provides equity to select developers of ground-up development projects located in the Western United States.

SKB has originated total portfolio activity of $2.77 billion comprised of 20.3 million square feet of office, industrial and retail space and 1,955 residential units. With longstanding relationships in each of its markets, SKB has the ability to source, structure and execute value creation across a wide spectrum of real estate opportunities. You may learn more by visiting the company’s website at http://www.skbcos.com.

About Wayzata Investment Partners
Focused on opportunities in undervalued debt, equity and assets, Wayzata Investment Partners has brought success to institutional investors for more than 15 years. Since 1992 Wayzata Investment Partners has managed more than $19 billion cumulatively. Today its total assets under management are more than $7 billion. Wayzata’s experience in the alternative investment market is reflected in the structure of its investment vehicles: a variety of long-term funds. You may learn more about Wayzata Investment Partner’s by visiting the company’s website at http://wayzatainvestmentpartners.com/.

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Heather Austin
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