TUCSON, ARIZONA, October 9, 2023, — Highlighted this week is a 5,415-square-foot office lease to Eegee’s at 4801 E Broadway Blvd. handled by Isaac Figueroa with Larsen Baker representing the landlord and Ben Craney with NAI Horizon representing the tenant.

The following leases by Cushman and Wakefield | PICOR and VOLK Company were reported to Real Estate Daily News from October 2-6, 2023.

OFFICE– 4801 E BROADWAY BLVD., TUCSON, 85711 – East Submarket
Eegee’s, LLC has leased 5,415 square feet on the 3rd floor of the 4801 East Broadway Blvd office building, Suite 335. Eegee’s, a Tucson staple, chose the Class A office building as their new headquarters, joining Polder Group-Cross Country Mortgage, TQL, MEB Management, Udall Law Firm, and more. Isaac Figueroa with Larsen Baker represented the landlord, and Ben Craney with NAI Horizon represented the tenant.

INDUSTRIAL – 5131 E CANADA ST., TUCSON, 85706 – South Submarket
All My Sons Moving & Storage of Tucson, LLC leased a 5,100-square-foot industrial building at 5131 E. Canada St. in Tucson, from L and SD Properties, LLC. Paul Hooker, SIOR, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Paul Holland and Lance Eberhard, with Colliers International, represented the tenant.

OFFICE – 3275 W INA RD., TUCSON, 85741 – Northwest Submarket
Foothills Executive Suites leased 4,887 square feet of office space at Ina Corporate Center, 3275 W. Ina Rd., Suite 165 in Tucson, from CALDOR Investments of Arizona, LLC. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – PLAZA PALOMINO, 2940 N SWAN RD., TUCSON, 85712 – Northeast Submarket
Smith & Wamsley, PLLC leased 3,038 square feet at 2940 N. Swan at the Plaza Palomino.  Ben Craney and Phil Skillings with NAI Horizon represented the landlord, and Buzz Isaacson with Buzz Isaacson Realty, LLC represented the tenant in this transaction.

MEDICAL OFFICE – 310 N WILMOT RD., TUCSON, 85711 – East Submarket
SoundPoint Audiology & Hearing, LLC renewed and expanded their lease with Healthcare Realty Services, LLC / HTA-Academy, LLC for a combined 2,876 square feet of office space at Academy Medical Center, 310 N. Wilmot Rd., Suite 209 & 210 in Tucson. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – CAMBRIC CORPORATE, 1760 E RIVER RD., TUCSON, 85718 – Northeast Submarket
Contreras & Dwaileebe, PLLC leased 2,797 square feet at 1760 E. River Road, located at the Cambric Corporate Center.  Phil Skillings with Nai Horizon represented the landlord, and Kyle Kilgore with NAI Horizon represented the tenant in this transaction.

RETAIL – 4444 E GRANT RD., TUCSON, 85712 – Northeast Submarket
Rembrandt Grad Supplies leased 2,570 square feet of retail space at Grant Square, 4444 E. Grant Rd., Suite 107 in Tucson, from Kolvoord Family LP. Rob Tomlinson, Principal Retail Specialist with Cushman & Wakefield | PICOR, represented both parties.

RETAIL – GRANT PLAZA, 3524-3536 E GRANT RD. TUCSON, 85716 – Central Submarket
Dunn Really Cool, LLC leased 2,520 square feet at 3524-3536 E. Grant at the Grant Plaza.  Gordon Wagner with NAI Horizon represented the landlord, and Esther Empens with Tierra Antigua Realty represented the tenant in this transaction.

RESTAURANT (RETAIL)– 4985 N SUNLAND GIN RD., ELOY, 85131 – Pinal Submarkt
Fantasticos Mexican Food leased a freestanding drive-through building of 2,400 square feet at 4985 N. Sunland Gin Rd., at Interstate 10 in Eloy, Arizona, from Gary G. Erickson Decent Trust. Greg Furrier, Principal, and Natalie Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and tenant.

RETAIL – NORTHGATE PLAZA AT GRANT & ALAVERNON WAY, TUCSON, 85712 – Northeast Submarket
CBRE’s Nancy McClure and Ryan Hall represented the Landlord, Stromiga Partnership, and Roll-it LLC in two new leases at Northgate Plaza Shopping Center, at the northeast corner of Grant Road and Alvernon Way. Palace of Beauty Styling Salon leased 1,600 square feet at 3997 East Grant Road, and Trendy Nails leased 1,382 square feet at 3901 East Grant Rd Suite 119.

INDUSTRIAL – 1870 W PRINCE RD., TUCSON, 85705 – Central Submarket
Prime Industrial Design LLC leased 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 27 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – CAMBRIC CORPORATE, 1760 E RIVER RD., TUCSON, 85718 – Northeast Submarket
CalmOCD, PLLC leased 1,427 square feet at 1760 E. River Road, located at the Cambric Corporate Center.  Phil Skillings with NAI Horizon represented the landlord, and Michael Coretz with Commercial Real Estate Group presented the tenant in this transaction.

OFFICE – 1661 N SWAN RD., TUCSON, 85712 – Northeast Submarket
Leilani Vidal leased 900 square feet of office space at The Smart Building, 1661 N. Swan Rd., Suite 214 in Tucson, from DHS Property Investments, LP. Ryan McGregor and Thomas J. Nieman, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3250 S DODGE BLVD., TUCSON, 85713 – South Submarket
AJ Wholesalers leased 244 square feet of industrial space at South Dodge Business Center, 3250 S. Dodge Blvd., Suite 10 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RENEWALS

INDUSTRIAL – 3850 E 44^TH ST., TUCSON, 85713 – South Submarket
Freedom Forever Arizona, LLC renewed its lease with 44th Street Logistics Center, LLC, for 15,022 square feet of industrial space at 3850 E. 44th St., Suite 138 in Tucson. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Jesse Blum, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, and John Grady with CBRE, Phoenix, represented the Tenant.

INDUSTRIAL – 2551 N DRAGOON ST., TUCSON, 85745 – West Submarket
CBRE’s Tim Healy represented property owner Lilly Investment Group LLC in a three-year renewal of a 6,865-square-foot lease of an industrial building at 2551 North Dragoon Street to an undisclosed tenant.

INDUSTRIAL – 1870 W PRINCE RD., TUCSON, 85705 – Central Submarket
The Garage Center LLC renewed its lease with Pegasus Tucson Owner LLC for 2,400 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite F-65 & 66 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 6878 E SUNRISE DR, TUCSON, 85750 – Northeast Submarket
Inca’s Peruvian Cuisine renewed its lease with EREP Ventana II, LLC for 1,200 square feet of retail space at Ventana Village Shopping Center, 6878 E. Sunrise Dr., Suite 130 in Tucson. Dave Hammack, Principal Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3855 S EVANS BLVD., TUCSON, 85714 – South Submarket
Postal Strategy Consulting LLC renewed its lease with FJM Merced Associates, LP, for 932 square feet of industrial space at Ajo/Evans Business Park, 3855 S. Evans Blvd., Suite 401, in Tucson. Andrew Keim and Alex Demeroutis, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sale and leases to [email protected]

PHOENIX, ARIZONA (October 9, 2023) —  Highlighted this week is Jay Mininberg, JD of NAI Horizon in Phoenix who recently handled just under 16,000 square feet of office space representing tenants in the following lease transactions:

The following leases were submitted to the Real Estate Daily News from October 2-6, 2023.

East Valley Pulmonary Associates, PLLC and Tri City Endocrinology, PLLC, in a 62-month medical lease for 2,450 SF at 1520 S. Dobson Road, Mesa, AZ. The landlord, C/O Lillibridge Healthcare Services, Inc., was represented by PMB Real Estate Services, LLC, as agent for VTR Desert Samaritan, LLC.  Jay Mininberg, J.D. represented the tenant.  

Cyberitas Technologies, LLC, in a 63-month office lease for 2,654 SF at 2999 N. 44^th St., Phoenix, AZ. The landlord, Geneva Concord Place, LLC, was represented by Patrick Schrimsher with Cushman & Wakefield. Jay Mininberg, J.D. represented the tenant. Move in:  12/1/23.   

Five Point Wealth Advisors, LLC, in a 63-month office lease for 2,248 SF at 8925 E. Pima Center Parkway, Scottsdale, AZ. The landlord, Pima Freeway Commerce Center III, LLC, was represented by Shawn Dooley with Ross Brown.  Jay Mininberg, J.D. represented the tenant.

 Brillian Network & Automation Integrated System AZ USA, LLC, in a 38.5-month lease for 2,179 SF at 7655 E. Gelding Road, Scottsdale, AZ. Mike Kitlica represented the landlord with Cushman & Wakefield. Jay Mininberg, J.D. represented the tenant. Move in: 11/22.

SCH International Company Limited, in a 63- month office lease for 2,424 SF at 10851 N. Black Canyon Highway, Phoenix, AZ.  The landlord, LM Black Canyon, LLC, was represented by Kyle Campbell with Colliers International.  Jay Mininberg, J.D. represented the tenant.

Welmade Technology Corporation’s tenant in a 36-month industrial lease for 3,999 SF at 1745 W. Deer Valley Road, Phoenix, AZ 85027. The landlord, Utopia 860 Ventures, LLC, was self-represented. Jay Mininberg, J.D. represented the tenant.

Submit sales and leases to [email protected]

The lease transaction is one of the largest signed in San Gabriel Valley in 2023.

CITY OF INDUSTRY, Calif. (October 9, 2023) – DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales, and property management, has completed the lease of a 181,730 square-foot corporate office and distribution property in City of Industry, California. The property was leased for a total consideration of over $25 million, according to Dennis Sandoval, Executive Vice President and Principal at DAUM Commercial Real Estate.

“The search for the perfect property to meet this client’s needs has been years in the making. DAUM has been a trusted partner of Action Sales throughout the process, serving in an advisory role to address their specific operational and economic needs. Finding a facility where they could consolidate their corporate offices and a major distribution facility required a partner, not just a transaction team,” says Sandoval.

The lessee, Action Sales, signed a 64-month lease with an option to extend and will use the property as its corporate headquarters and a major distribution hub for its fast-growing national food service equipment and supplies business. Originally built in 1998, the building is a state-of-the-art, Class A, high-image industrial building with ample on-site parking for visitors and employees. The fenced property sits over eight acres with a 30-foot minimum clear height, 26 dock-high truck positions and is protected by security fencing and guard booth. The building was a former distribution site for online technology retailer NewEgg.

So far in 2023, according to JLL research, overall industrial leases have suffered major declines in volume compared to 2022. However, the numbers indicate a return to pre-pandemic leasing velocity, and in Q2 2023, over half of all transactions were for new leases, highlighting a healthy demand for new space. DAUM Commercial’s Q2 Market Report for the San Gabriel Valley echoes the generally positive outlook for industrial property in California. Direct vacancies dropped 70 basis points from Q1 to 2.2 percent, with overall vacancies around 2.7 percent.

“The San Gabriel Valley is seeing excellent absorption for good quality industrial property,” Sandoval says. “Action Sales spent so much effort in the process to make sure they found the perfect solution for their needs. This property, with its central location and direct access to transportation thoroughfares, met all their criteria. From exuding a strong corporate image to giving ample room for growth, the new headquarters is well-suited to serve the greater Los Angeles Basin and Southern California market.”

The lessor was represented in the lease agreement by Mike Fowler of JLL. The lessee, Action Sales, was represented by Dennis Sandoval and Kurt Yacko, Associate Vice President, of DAUM Commercial.

The combined office and warehouse asset is located at 17708 Rowland St., City of Industry, California.

PHOTO: DAUM Commercial completes the lease of a 181,730 square foot corporate office and distribution property in City of Industry, California.