Oro Valley, AZ  – Oro Valley Town Manager Greg Caton has formally submitted his resignation, effective April 7, 2016, and has accepted the position of city manager for Grand Junction, Colorado. Caton wants to ensure a smooth transition as he leaves the organization and will work with Town Council to determine his last day of employment with the Town as well as plans for an interim town manager.

“It has been a pleasure working with very talented staff to implement the vision of Town Council, and I take great pride in the work that has been accomplished over my tenure,” said Caton. “Oro Valley is a wonderful community and will always be a special place for me. I greatly appreciate Town Council’s leadership and allowing me to manage and lead this great organization. It has been a pleasure serving Town Council and the residents of Oro Valley.”

Caton joined the Town of Oro Valley in November 2010 as the assistant town manager. On July 1, 2011, he was named interim town manager, and on April 18, 2012, he began his tenure as the town manager.

“Mr. Caton is deeply respected by Oro Valley Town Council, staff and the community,” said Mayor Satish Hiremath. “He leaves a legacy of success and bold leadership. We are grateful for his years of service and wish him well in Grand Junction.”

Caton has worked closely with Town Council to achieve its goals in the areas of leadership and communication, finance and economic development, and community infrastructure. Under his leadership, the Town of Oro Valley saw many achievements, including:

• Financial sustainability through staff right-sizing, creation of the 15-year plan for Capital Improvement Projects, and establishing fleet replacement programs.
• Partnership with the Regional Transportation Authority for improved public transportation services
• Partnered with Children’s Museum Tucson to establish Children’s Museum Oro Valley
• Partnered with the City of Tucson for the delivery of Central Arizona Project water to Oro Valley Water Utility Customers
• Aquatic Center expansion and enhancements
• Steam Pump Ranch improvements and restoration
• Annexation of the northwest corner of Oracle and Ina, including Tohono Chul Park
• Implementation of self-funded medical insurance
• Establishment of an Employee Health Clinic to encourage employee wellness and reduce overall healthcare costs
• Phased development and improvements at Naranja Park
• Acquisition of a Community Center
• Intergovernmental agreement (IGA) with Pima County for expanded library services and reduced cost to the Town
• Implementation of the Arizona Department of Corrections Community Betterment Program
• The development and implementation of new branding, website, and mobile app

Prior to joining the Town of Oro Valley, Caton served eight years as assistant city manager for the City of Durango, Colorado. Mr. Caton is also a former small business owner and sold real estate. He holds a bachelor’s degree in Political Science from Fort Lewis College in Durango, Colorado, and a master’s degree in Public Administration from the University of Colorado at Denver. Mr. Caton is a member of ICMA (International City/County Management Association) and the Arizona chapter, ACMA. He received the Credentialed Manager designation from ICMA, which is the premier municipal government leadership and management organization.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 4 thru 8, 2016.

INDUSTRIAL – 320 E. MEDINA RD., TUCSON
NTS Mikedon, LLC leased 6,474-square-feet of industrial space at 320 E. Medina Rd. in Tucson from 320 Medina, LLC.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 8963 E. TANQUE VERDE RD., TUCSON
Bear Canyon Pizza has leased 3,665-square-feet of retail space located at 8963 E. Tanque Verde Road within the Bear Canyon Shopping Center. The landlord was represented by Pete Villaescusa and Jesse Peron with CBRE’s Tucson office, as well as Melissa Lal with Larsen Baker. The tenant was self-represented. [mepr-show rules=”58038″]Asking lease rate: $13.00 SF/YR NNN; Tenant Phone: 520.519.6200[/mepr-show]

RETAIL – 2900 E. BROADWAY BLVD., TUCSON
Wick Communications, Inc. leased 3,322-square-feet in Village on Broadway, 2900 E. Broadway Blvd., Suite 113/114, from H.L.F. Properties, Inc. Paul Hooker, Industrial Specialist, with Cushman & Wakefield | PICOR, represented the tenant. Michael Laatsch and Nancy McClure with CBRE, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $10.00 – $13.50 SF/YR NNN[/mepr-show]

RETAIL – 8963 E. TANQUE VERDE RD., TUCSON
Cayley Cakes has leased 2,750-square-feet of retail space located at 8963 E. Tanque Verde Road within the Bear Canyon Shopping Center. The landlord was represented by Pete Villaescusa and Jesse Peron with CBRE’s Tucson office, as well as Melissa Lal with Larsen Baker. Tim DeNiro of Commercial Real Estate Group of Tucson represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $13.00 SF/YR NNN; Tenant Phone: 520.203.0200[/mepr-show]

OFFICE – 335 N. WILMOT RD., TUCSON
Business Finance Development Corporation leased approximately 2,382-square-feet of office space located at 335 N. Wilmot Road, Suite 420, Tucson, Arizona, from National Bank of Arizona.  Michael Gross of Tucson Realty & Trust Co. represented the Landlord and Rick Kleiner of Cushman & Wakefield | Picor represented the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $19.50 SF/YR Full Service; Tenant Phone: 520.623.3377[/mepr-show]

OFFICE – 310 S. WILLIAMS BLVD., TUCSON
Southern Arizona Family Services has leased 1,570-square-feet of office space at Williams Center located at 310 S Williams Suite 135. The landlord was represented by David Montijo and Damian Wilkinson with CBRE’s Tucson Office. The tenant was self-represented. [mepr-show rules=”58038″]Tenant Phone: 520.512.0200[/mepr-show]

RETAIL – 595 E. WETMORE RD., TUCSON
Angjang Jiang leased 1,423-square-feet of retail space at Tucson Place for an Asian dessert shop located at 595 E Wetmore Road. The landord was represented by Melissa Lal with Larsen Baker and the tenant was represented by David Blanchette, CCIM with CBRE’s Tucson Office.

RETAIL – 60 N. HARRISON RD., TUCSON
Allstate Insurance leased 1,300-square-feet in the Broadway Albertson’s Center, 60 N. Harrison Rd., Suite A120, in Tucson from Dave Grabbert Ranch, Inc.  Rob Tomlinson and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and Chuck Corriere with Keller Williams Southern Arizona, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.00 SF/YR NNN[/mepr-show]

RETAIL – 60 N. HARRISON RD., TUCSON
Manolo’s Barber Shop leased 1,300-square-feet in the Broadway Albertson’s Center, 60 N. Harrison Rd., Suite A130, in Tucson from Dave Grabbert Ranch, Inc.  Rob Tomlinson and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord and Victor Nasser with Tierra Antigua Realty, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.00 SF/YR NNN[/mepr-show]

RETAIL – 2227 E. BROADWAY BLVD., TUCSON
Francisco and Sonia Fierro dba Soccer Planet LLC., leased 1,177-square-feet at 2227 East Broadway Boulevard, Tucson from the City of Tucson Department of Transportation. The tenant plans to open a sporting goods store in the space. Kevin Volk, Dave Hammack, and Rick Borane of Volk Company represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.792.6396[/mepr-show]

RETAIL – 2914 E. 22^nd ST., TUCSON
Gloverleaf Remarketing, LLC leased 330-square-feet of office space at 2914 E. 22^nd St., Suite 4 in Tucson from R.R.L., Inc.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Phoenix, AZ – CBRE has been awarded the marketing assignment for the ±1 million-square-foot mixed-use Esplanade complex, including buildings I, II, IV and V. The landmark office and retail development is located at the southeast corner of Camelback Road and 24^th Street.

LBA Realty, who purchased Esplanade I, II, IV and V from MetLife in late December 2015, has tapped CBRE broker Jerry Roberts to oversee the marketing and leasing of the property’s office space, while LeDonna Spongberg and Traci Russell, also with CBRE, will oversee the retail portion.

“The Esplanade is considered the most iconic office complex in all of metropolitan Phoenix and already boasts an impressive tenant roll, including Gallagher & Kennedy, Merrill Lynch, CBRE, UBS Financial Services, DLA Piper, and AEON Financial, among others,” said CBRE’s Roberts. “LBA is a sophisticated owner/operator with a keen sense of what modern office users want, and CBRE is excited to play a part in the next evolution of the Esplanade.”

LBA Realty is currently implementing a refresh of the property, including renovations to the outdoor people places and retail space, as well as the internal common areas and lobbies.

“The Esplanade is one of the few true mixed-use developments in the Camelback Corridor, and it’s Main and Main location at the 24^th Street intersection makes it the most high-profile,” said the CBRE retail brokers. “LBA has a lot of experience with this type of development and they understand the nuances that will be key to its success. We’re looking forward to bringing in restaurant and retail uses that will complement existing tenants and make the Esplanade a world-class, amenity-filled environment for both the immediate office users and the surrounding residential and office projects.”

The five building complex was originally developed over the course of just over ten years with the first building coming online in 1989 and the last in 2002. Located on East Camelback Road in Phoenix, the Esplanade benefits from proximity to a wealth of amenities, including Biltmore Fashion Park with its myriad of iconic retailers and restaurants. Offering office tenants a vibrant community in which to work, shop and dine, the Esplanade epitomizes the “lifestyle” type of work environments modern office users want.