Tucson Lease Report August 22-26, 2022

TUCSON, ARIZONA — Highlighted this week is an industrial lease for 7,500 square feet to 520 Tactical at Town Central Business Park, 5051 E. 29th St. in Tucson at Harrison Plaza handled by Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR,

The following leases were submitted to the Real Estate Daily News from August 22 – 26, 2022.

INDUSTRIAL – 5051 E 29TH ST., TUCSON, 85711 East
520 Tactical LLC leased 7,500 square feet of industrial space at Town Central Business Park, 5051 E. 29th St. in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 6075 E GRANT RD., TUCSON, 85712 Northeast
BLF Main, LLC purchased 3,457 square feet of office space at Old Farm Executive Office Park, 6075 E. Grant Rd. in Tucson, from 6075 E. Grant, LLC for $577,319. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction. Jodi Bain with Bain Investments, LLC, represented the buyer.

RETAIL (RESTAURANT) – 337 W MARIPOSA RD., NOGALES, AZ, 85621 Extended South
Chipotle Mexican Grill, Inc. leased 3,000 square feet at 337 W. Mariposa Road, Nogales, AZ.  Ben Craney with NAI Horizon represented the tenant and Alexis Suarez with ASI Real Estate represented the landlord.

OFFICE – 1661 N SWAN RD #128, TUCSON, 85712 Northeast
BLACKSTONE SECURITY SERVICES, INC. leased 1,853 square feet of office space at The Smart Building, 1661 N. Swan Rd., Suite 128 in Tucson, from DHS Property Investments, Ltd. Partnership. Ryan McGregor, and Thomas J. Nieman, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W PRINCE RD., #34, TUCSON, 85705 Central 
Global Parts Solution, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 34 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W PRINCE RD, #D-42, TUCSON, 85705 Central 
C12 Advanced Technologies LLC leased 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite D-42 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Michael Coretz with Commercial Real Estate Group of Tucson, represented the tenant.

RETAIL – 3810 N ORACLE RD., TUCSON, 85705 Central
Envision Solar, Inc. has signed a lease for a 1,300-square-foot space for its 1st location in Tucson, Arizona in the Oracle Gateway Shopping Center located at 3810 N. Oracle Road. Envision Solar and Security is a Phoenix based home solar and security installation company. Envision is expected to open their new Tucson location in mid-September. Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, 3838 Oracle Plaza Joint Ventures, LLC, and the tenant was self-represented in the lease transaction.

RETAIL – 6890 E SUNRISE DR, #140, TUCSON, 85750 Northeast
REVIVE FRESH BOWLS, LLC leased 1,200 square feet of retail space at Ventana Village Shopping Center, 6890 E. Sunrise Dr., Suite #140 in Tucson, from EREP Ventana II, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4915 E 29TH ST, TUCSON, 85711 East
Ruby Brown Construction renewed their lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Town Central Business Park, 4915 E. 29th St. in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 8567 N SILVERBELL RD, #215, TUCSON, 85743
GuideTech, LLC has signed a lease for 1,148 square feet located at 8567 N. Silverbell Road, Suite 215, Tucson, AZ in the Silverbell Center located south of the southwest corner of Silverbell Road and Coachline Road. GuideTech is an engineering and software development company with a growing Tucson Presence. This Tucson location will be one of GuideTech’s main Hubs. The new office is expected to open mid-September. Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, Namaki Living Trust, and tenant was self-represented in this transaction.

RETAIL – 3924 W INA RD., TUCSON, 85741 Northwest
RandDZ’s Barbershop, LLC leased 1,040 square feet at Embassy Plaza located at 3924 W. Ina Road.  Ben Craney, Jayme Fabe and Sam Nalli with NAI Horizon represented the landlord and Andy Selezonov with PICOR represented the tenant in this transaction.

OFFICE – 5375 E PIMA ST., TUCSON, 85712 Northeast
Stand Up For Kids leased 1,008 square feet of office space at 5375 E. Pima St. in Tucson, from DBR Investments, LLC & KMS Enterprises, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – NWC ST MARY’S ROAD & SILVERBELL RD, TUCSON, 85745 West
Starbucks Corporation has leased 928 square feet, ground leasable building area at the NWC of St. Mary’s Road & Silverbell Road, from Holland Real Estate, LLC, the Landlord. Greg Furrier of Cushman Wakefield|PICOR represented the Tenant and Lori Casey, Cameron Casey and Robert Nolan of Oxford Realty Advisors represented the Landlord in this transaction.

Submit sales and leases to [email protected]




Retail leases dominate most recent deals facilitated by NAI Horizon professionals

PHOENIX, ARIZONA – Retail leases dominated recent deals facilitated by NAI Horizon professionals, including six closed by the Retail Properties Group of Chris Gerow, Shelby Tworek, and Gabe Ortega. Retail deals totaled nine overall.

Lease Transactions:

Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, LE NID Consortium International, Inc., in a 60-month office sub-lease for 16,671 SF at 6991 E. Camelback Road, Phoenix, AZ. The sublessor, SiSense, was represented by Chris Nord with Cushman & Wakefield.

Laurel Lewis and Dylan Whitwer represented the landlord, Solera Health Inc., in a 52-month office sub-lease for 19,300 SF at 111 W. Monroe, Phoenix, AZ. The tenant, Naphcare Inc., was represented by Bill Zurek with Transwestern.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, NLT Properties, LLC, in a 120-month retail lease for 1,200 SF at 17560 N. 75th Ave., Glendale, AZ. The tenant, V’s Barbershop Arrowhead, was represented by Steve Hansen with GPS Retail Advisors.

Drew Eisen and Dylan Whitwer represented the tenant, Kenneth, Eisen and Associates, Ltd., in a 65-month office lease for 1,623 SF at 11811 N. Tatum Blvd., Phoenix, AZ. The landlord, Paradise Village Office Equities I-XI, LLC, was represented by Chris Beall with JLL.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, AEI Paradise Hills, LLC, in a 63-month retail lease for 1,860 SF at 3110 E. Shea Blvd., Phoenix, AZ. The tenant, Proof Bread 51, LLC, was self-represented.

Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Gateway 5015, LLC, in a 72-month office lease for 1,137 SF at 10320 W. McDowell Road, Avondale, AZ. The tenant, MiraMe Health, LLC, was represented by Kristie Phelps with DPR Commercial Realty.

Dylan Whitwer and Don Morrow represented the tenant, Casale Legacy Corporation, in a 38-month office lease for 2,489 SF at 1839 S. Alma School Road, Mesa, AZ. The landlord, Alma Investment Limited Partnership, was represented by Nicholas Pelusio with Avison Young.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, AEI Paradise Hills, LLC, in a 63-month retail lease for 3,000 SF at 3110 E. Shea Blvd., Phoenix, AZ. The tenant, Proof Bread 51, LLC, was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Dove Valley, LLC, in a 60-month retail lease for 1,260 SF at 4705 E. Carefree Highway, Cave Creek, AZ. The tenant, Tarnick Wellness, PLLC, was self-represented.

Laurel Lewis represented the tenant, Craig W. Penrod, in a 37-month office lease for 1,318 SF at 4015 S. McClintock Drive, Tempe, AZ. The landlord, Camroad Properties, was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, AEI Paradise Hills, LLC, in a 36-month retail lease for 1,800 SF at 10654 N. 32nd St., Phoenix, AZ. The tenants, Adam Paul Sidoti & Hannah Lee Kodatt-Sidoti, and Darrin Cody Domm & Cortney Elizabeth Domm, were self-represented.

Jay Mininberg and Thomas Bean, CCIM, represented the landlord, Wilshire Enterprises, in a 39½-month office lease for 1,239 SF at 4515 S. McClintock Drive, Tempe, AZ. The tenant, Step by Step Health and Wellness, LLC, was represented by Carter Gerardo with Lee and Associates.

Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 36-month retail lease for 1,107 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Six Queen’s Beauty, LLC, was self-represented.

Matt Harper, CCIM, represented the tenant, High Level Mobile, LLC, in a 39-month retail lease for 1,200 SF at 4925 W. Glendale Ave., Glendale, AZ. The landlord, WOS Realty, LLC, was represented by Trent Rustan with Commercial Properties, Inc.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, AEI Paradise Hills, LLC, in a 3½-month retail lease for 11,400 SF at 10654 N 32nd St., Phoenix, AZ. The tenant, Halloween City, was represented by Noah Anastassatos with Western Retail Advisors.

Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease for 1,108 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, AMP Live Events, was self-represented.

Matt Harper, CCIM, represented the landlord, Tempe Plaza, LLC, in a 12-month retail lease for 1,500 SF at 4325 S. 48th St., Tempe, AZ. The tenant, Annette Mack, was self-represented.

 




Sprouts Farmers Market Signs Long-Term Lease at Iconic Papago Plaza for its First Location with Integrated Two-Story Parking Garage

First Grocery for South Scottsdale Neighborhood

Scottsdale, Arizona  — The iconic Papago Plaza has signed a long-term, approximately 23,000-square-foot lease with Sprouts Farmers Market, fulfilling the neighborhood’s request for a high-quality grocer. The location is Sprouts’ first with an integrated two-story parking garage on top of its building.

Sprouts’ construction is expected to start early next year, and the store is expected to open in 2024. In addition to Sprouts, the new 13.29-acre Papago Plaza, located at the southwest corner of Scottsdale Road and East McDowell Road, features a five-story, 276-unit Alliance Residential apartment complex, SEVENTYONE15 McDowell, currently open along with a 116-room Marriott flagged suite hotel currently under construction, and three restaurant/retail buildings totaling 25,025 square feet. Restaurant and retail tenants are expected to move in during the second quarter of 2023. More than 12,000 square feet will be dedicated to restaurants with unique operators.

More than 60 companies have located across the street at SkySong, the ASU Scottsdale Innovation Center.

“The neighborhood has long requested a high-quality grocer,” said Lee Mashburn, president of Pivot Development, owner of Papago Plaza. “We are very excited to satisfy the request of nearby residents and businesses. The intersection of Scottsdale and McDowells roads is highly desirable since it offers access to thousands of residents and businesses. More than 4,000 new residential units are being built in the surrounding area.”

Sprouts will have frontage, signage and visibility on Scottsdale Road. For parking, Sprouts will have 61 ground floor parking spots, and there are 172 parking garage spots for the development.

Sprouts complements many of the restaurants Papago Plaza is considering.

“The restaurant and retail offerings at Papago Plaza will be casual and fun and connected to the outdoors,” said Judi Butterworth, Papago Park’s leasing agent with Orion Investment Real Estate. “We have put a great deal of thought into attracting a high-quality grocery store, restaurant and retail mix, Class A apartments and hotel to offer a variety of choices and enhance the neighborhood. We have many back-up offers to lease space in Papago Plaza since the trade area is underserved. South Scottsdale has become one of the most dynamic redevelopment experiences statewide.”

Pivot Development is building three restaurant and retail buildings at Papago Plaza. The hard corner 5,825-square-foot restaurant and retail building has the only drive-through at the intersection. This new building will replace the existing Wells Fargo bank building. Along Scottsdale Road, an 11,200-square-foot restaurant building and an 8,000-square-foot restaurant/retail building are separated by a grassy “restaurant park” area, centered around a grove of trees, reminiscent of Arizona’s citrus groves. The grassy area features fountains, a water wall, a large hearth fireplace and benches.

The restaurant buildings are designed to reduce the sun exposure and they feature misters so customers will be able to use the patios for most of the year. Outdoor alcohol will be allowed in the grassy area.

ORION Investment Real Estate negotiated the Sprouts deal for Pivot Development. Their team consists of Judi Butterworth, Carol Schillne and Cole Schillne. For further information please contact Judi at 480-750-1215.

Evolve Ventures is representing Papago Plaza on leasing, design and construction oversight.