https://www.bizjournals.com/phoenix/...d3TGlFV2xLbiJ9
New Watermark Retail Tenant Signed
A first-to-market restaurant concept is the latest tenant to sign a lease at the Watermark Tempe, a $150 million mixed-use development being built on the north side of Tempe Town Lake.
The first Arizona location of Irvine, California-based Panini Kabob Grill will be part of the Watermark Tempe’s first phase. The fast-casual restaurant boasts fresh ingredients, Mediterranean menu items and an upscale feel.
Panini Kabob Grill, which has 17 locations across Southern California, is in growth mode with plans to open about 16 stores in the future, including the Tempe restaurant.
Cushman & Wakefield’s Brent Mallonee represented the Watermark developer, Fenix Development, in signing Panini Kabob Grill to the project.
The other retailers that Panini Kabob Grill will open alongside include Obon + Sushi + Ramen, V’s Babershop and Dip Nail Bar, which all signed leases last year.
The Watermark’s Phase I is expected to be finished in September and will include 265,000 square feet of Class A office space, 44,000 square feet of restaurant and retail space and 360 luxury apartments. The center will also feature a splash pad that will connect to the boardwalk and Tempe Town Lake.
So far, WeWork is the only office tenant to finalize a lease at Watermark.
Future phases of Watermark will include an additional 340,000 square feet of Class A office space, 20,000 square feet of retail and restaurant space and a 250-room hotel.
Hoping the 2nd phase gets proposed soon.