Tucson Lease Report January 13-17, 2020

Senior Services Group’s 8,157-square-foot lease of industrial space by Brandon Rodgers, SIOR, CCIM, of Cushman & Wakefield | Picor and several lease renewals with an aggregate of 7,210-square-feet handles by Cameron Lee of David Lee Real Estate highlights this week’s lease report.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report for January 13 thru 17, 2020.

INDUSTRIAL – 3435 E 44^th ST., TUCSON
Senior Services Group, Inc. leased 8,157-square-feet of industrial space located at 3435 E. 44th St. in Tucson, from BD Equity Investments, LLC. Brandon Rodgers, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 3602 N ORACLE RD., TUCSON
Circle K renewed their lease of 4,200-square-feet at 3602 N. Oracle Road. Cameron Lee of David Lee Real Estate represented the landlord, Lee Family Property Management, in the transaction.

RETAIL – 7105 E 22^nd ST., TUCSON
D2 Dispensary renewed their lease of 3,010-square-feet at 7105 E. 22nd Street. Cameron Lee of David Lee Real Estate represented the landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone:520.214.3232[/mepr-show]

OFFICE – 1955 W GRANT RD., TUCSON
Mooradian & Associates leased 1,264 square feet of office space in WestGrant Centre, 1955 W. Grant Rd., Suite 100, in Tucson, from WestGrant Investors, LLC. Molly Gilbert and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.408.8117[/mepr-show]

RETAIL – SWC SPEEDWAY & CRAYCROFT, TUCSON

Jackson Hewitt has leased a 1,200 sq.ft. Space at The Speedway Craycroft Plaza, located at the SW corner of Speedway Blvd. & Craycroft Rd. The Premises will be used as a for the operation of a tax preparation business and other related services as offered in other “Jackson Hewitt Tax Service” offices, as well as an administrative office use. Melissa Lal, Andy Seleznov and George Larsen represented the Landlord, Larsen Baker, while Sean Lieb of SRS Real Estate Partners – West, LLC, represented the Tenant.

INDUSTRIAL – 245 S PLUMER AVE., TUCSON
Photonics Automation Specialists, LLC leased 1,200 square feet of industrial space in Commerce Plaza, 245 S. Plumer Ave., Suite 28 in Tucson, from Plumer Partners, LLC. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Asking lease rate $8.40 SF/YR Modified Gross; Tenant Phone: 520.286.6545[/mepr-show]

OFFICE – 1229 W ST. MARY’S RD., TUCSON
DoorDash, Inc. leased 1,151-square-feet of office space in the Menlo Park Shopping Center, 1229 W. Saint Mary’s Rd., Suite 107 in Tucson, from Menlo Park Limited Partnership. Molly Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. John Yarborough and David Carroll with Romano Real Estate Corporation, represented the landlord.

OFFICE – NWC ORACLE RD and INA RD., TUCSON
Tech Services has leased a 871-sqaure-foot space at 2 Oracle Place, located Just North of the NWC of Oracle Rd. & Ina Rd. The Premises will be used for general office and administrative use. Melissa Lal, Andy Seleznov and George Larsen of Larsen Baker and Rick Volk, of Volk Company represented the Landlord, Larsen Baker.

CBRE Inks Three Tenants at Chandler Office Center

PHOENIX, Arizona – CBRE announced the firm has secured three leases at the newly renovated Chandler Office Center in Chandler, Arizona, bringing the property to 85 percent occupancy. New tenants include Arizona Children’s Association, OrthoArizona and Comfort Keepers.

Jamie Swirtz of CBRE in Phoenix represented the landlord, ColRich, in the lease negotiations.

Arizona Children’s Associations, one of the largest statewide comprehensive child welfare and behavioral health not-for-profit agencies in Arizona, will relocate from its current location to a 10,063-square-foot office space at Chandler Office Center in July 2020.

OrthoArizona, an orthopedic care provider, has leased 6,937-square-feet in the building. The tenant occupied the property in December 2019.

Comfort Keepers, a provider of in-home care for seniors and other adults in need of assistance, has leased 1,818-square-feet at the property. The tenant occupied the property in January.

Located at 1331, 1347 and 1351 N. Alma School Road, the 57,845-square-foot office building features newly renovated common areas and restrooms, new landscaping and exterior paint. The area offers an abundance of amenities nearby, including the retail, restaurants and entertainment venues in and surrounding Chandler Fashion Center.

“Renovations were key in attracting new tenants to Chandler Office Center,” said CBRE’s Swirtz. “Additionally, the property’s excellent Southeast Valley location offers tenants great value in a prime location.”

Toll Brothers Purchases 8.2 Acres in Phoenix for New Multifamily Development

PHOENIX, ARIZONA – Cushman & Wakefield announced that TB 4100 N. Central Ave., LLC (an entity formed by Toll Brothers) purchased the 8.2-acre multifamily development site at the northwest corner of Central Avenue and Indian School Road in Phoenix for $17.9 million, $50 per square foot, $44,527 per unit..

David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller, Phoenix-based Bayless Investment & Trading Company, in the transaction.

“It’s great to see this long vacant, iconic corner go into production with a quality developer like Toll Bros. This project will be an excellent addition to the continued transformation of Midtown Phoenix,” said Nicoluzakis.

The site consists of four parcels with a combined total of 356,905-square-feet of developable land. The rare, hard-corner site is a transit oriented as it is located along the Valley Metro Light Rail with a station adjacent to the property and bound by three streets.

Toll Bros. plans on developing a 402-unit, four-story luxury multifamily project on the site.