Tucson Lease Report
The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from December 15-19, 2014.
INDUSTRIAL – 4551 S. ALVERNON WAY, TUCSON, AZ.
Vista Inkjets, Inc. subleased 29,800-square-feet at 4551 S. Alvernon Way in Tucson from HD Supply Holdings, LLC. Vista Inkjets is a refiller of toner and ink cartridges for today’s printers. Stephen Cohen and Russ Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction.
OFFICE – 3300 E. SUNRISE DR., TUCSON, AZ.
Muscular Dystrophy Association, Inc. leased 22,292 square feet at 3300 E. Sunrise Dr. in Tucson from Sunrise Campbell Investors, LLC and River Center Pads, LLC. … Read more
4141 W Van Buren, Phoenix
The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report December 15-19, 2014
INDUSTRIAL WAREHOUSE – 4141 W. VAN BUREN STREET, PHOENIX
PHOENIX – Colliers International of Greater Phoenix recently negotiated the long-term industrial lease of a 67,697-square-foot warehouse space from which grocery merchandizing products will be distributed regionally.
Marco Display Specialists of Fort Worth, Texas, leased the property, located at 4141 W. Van Buren Street, from 4141 W. Van Buren LLC of Beverly Hills, Calif.
The property was listed by Colliers International Executive Vice Presidents Don MacWilliam and Payson MacWilliam. The tenant was represented by Rebecca Roberts with Green Street Commercial in Avondale.
Marco Display Specialists manufactures… Read more
Crossroads Towne Center in Gilbert, AZ
PHOENIX – Colliers International in Greater Phoenix recently negotiated two separate long-term leases for a restaurant and dental office at a multi-tenant retail building soon to be under construction at Crossroads Towne Center in Gilbert, AZ.
Local shopping center owner, developer and manager, Vestar Development Company of Phoenix, is developing a 7,800-square-foot building at 3787 S. Gilbert Road. Delivery is anticipated by the fourth quarter of 2015.
Brian Woods, vice president, and Tom Woods, senior executive vice president, with Colliers International are Vestar’s exclusive listing agents for the shopping center.
Café Zupas LC of Sandy, Utah, leased 3,600 square feet from Vestar with representation by Western Retail Advisers of Phoenix. The restaurant… Read more
Estrella Business Park
Phoenix – CBRE has completed a 48,735-square-foot lease at Estrella Business Park located at 1010 S. 65th Avenue in Phoenix, Ariz. Propak Logistics, Inc. has leased the space marking the companies first location in metropolitan Phoenix and bringing the property to 100 percent leased.
Pat Feeney, Dan Calihan and Rusty Kennedy with CBRE’s Phoenix office, along with Bob Pielsticker of CBRE Tulsa, represented Fort Smith, Ark.-based Propak. The landlord, EJM Development Co. of Los Angeles, Calif. Propak, negotiated on its own behalf.
“This was a unique user requirement and the space at Estrella Business Park was a perfect match. The space in question is an end cap with an adjacent 3-acre side yard, which will… Read more
BOISE, ID and PLEASANTON, CA – AB Acquisition LLC (Albertsons) and Safeway Inc. (NYSE: SWY) jointly announced Friday that they have entered into agreements, subject to approval by the Federal Trade Commission (FTC), to sell 168 stores across eight states to four buyers:
- >> Associated Food Stores (AFS) will purchase eight stores in Montana and Wyoming;
- >> Associated Wholesale Grocers (AWG)/Minyards will purchase 12 stores in Texas;
- >> SUPERVALU will purchase two stores in Washington; and
- >> Haggen will purchase 146 stores across Arizona, California, Nevada, Oregon and Washington.
Divestiture of these stores is being undertaken in order to secure FTC clearance of the companies’ proposed merger, which was announced in March with the Albertsons Safeway merger and is expected… Read more