The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 21 thru 25, 2016.

INDUSTRIAL – 4560 S. COACH DR., TUCSON
R & G Food Services, Inc. leased 7,383-square-feet in the Coach Drive Industrial Building, 4560 S. Coach Dr., Suite 100, in Tucson from Coach Holdings, LLC. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.792.3145[/mepr-show]

INDUSTRIAL – 3251 S. DODGE BLVD., TUCSON
Roadside Mattress, LLC leased 5,000-square-feet at 3251 S. Dodge Blvd. in Tucson from El Gato Investment Two, LLC. Pat Welchert, SIOR, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. Pat Welchert represented the tenant and Paul Hooker represented the landlord.

OFFICE – 5930 E. PIMA ST., TUCSON
Oscar Huerta Aguayo, dba Bladz Barber Shop leased 936-square-feet at 5930 E. Pima St., Suite 100 in Tucson. The space is located at the southwest corner of Speedway and Kolb within Sunburst Plaza, which includes tenants such as Pizza Hut, Cricket, and H&R Block. Dave Hammack of Volk Company represented the landlord

RETAIL – 7020 E. 22ND ST., TUCSON
Cell Medics of Arizona leased 697-square-feet in Eastpoint Marketplace at the southwest corner of 22nd St. and Kolb Rd. in Tucson from Eastpoint Marketplace Investors, LLC. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.
[mepr-show rules=”58038″]Tenant Phone: 520.230.1090[/mepr-show]

OFFICE – 5930 E. PIMA ST., TUCSON
Jeffrey Taylor, M.C. Christian Counseling, leased 540-square-feet of office space at 5930 E. Pima St., Suite 100 in Tucson, from 5930 E. Pima, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 – $15.00 SF/YR Modified Gross[/mepr-show]

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The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from March 21 thru 25, 2016

RETAIL – CORONA DEL SOL SHOPPING CENTER, CHANDLER, AZ
A lease for 3,500-square-feet in Corona del Sol Shopping Center to India Gate was recently consummated.  The location of the property is southeast corner of Ray Road and Rural Road in Chandler, AZ.  India Gate has had other locations.  Jim Edwards of Rein & Grossoehme represented the Owner and Justin Rihs of De Rito Partners represented the Tenant. Rein & Grossoehme specializes in the sale of investment properties and retail, office and industrial.

INDUSTRIAL – 15551 N. GREENWAY-HAYDEN LOOP, SCOTTSDALE
A lease for 3,320-square-feet in The District at the Airpark Center was recently signed with Vivri.  The property is located at 15551 N. Greenway-Hayden Loop in Scottsdale, Arizona.  The owner of the center is K2H Airpark Design, LLC. Jake Ertle of Rein & Grossoehme represented the Tenant and Jake Ertle and Steve Grossoehme of Rein & Grossoehme represented the Landlord.

RETAIL – 4041 E. THOMAS RD., PHOENIX
A retail lease for 3,150-square-feet within 40 Palms Arcadia at 4041 E. Thomas Road in Phoenix, AZ to Metta Yoga was recently consummated. The owner of the center is Arcadia Village Shops, LLC. Jared Lively of Rein & Grossoehme represented the Landlord and Sharon Reeves with NAI Horizon represented the Tenant on this transaction.

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MESA, AZ – ORION Investment Real Estate is proud to announce the sale of the NNN Investment property leased to CVS for $3,375 million. This ±13,504 square foot freestanding building is situated at the intersection of Ellsworth Road & Broadway Road, visible to 31,500 cars per day. The store is ideally situated within a significant growth area — surrounded by rooftops and serving an expanding area of Mesa that continues to experience significant growth. It also benefits from the additional customer base in the winter when the “Snowbirds” settle in. It is fully leased to CVS/pharmacy; the retail division of CVS Health is America’s leading retail pharmacy with more than 7,800 CVS/pharmacy and Longs Drugs stores, under a long term, absolute NNN lease when the property was constructed in 2004.

The property is less than one half mile from AZ Loop 202 (43,102 cars per day), a vital connector between Mesa, Phoenix, Tempe, Chandler and Gilbert, and also three miles from U.S. Highway 60, which offers ease of access from surrounding areas. The store is 2.5 miles from Mountain Vista Medical Center (178 beds), a premier medical facility and hospital of choice for the community, which offers emergency medicine, heart care, diagnostic imaging, surgical services, women’s health services, wound care and a pain management center.

Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate, noted, “This is one of a few properties I am assisting my client in the acquisition to perfect his 1031 Exchange. This property was identified because of the location in Mesa and the long-term lease with a great credit tenant.”

The property was sold by SCP 2004E-014, LLC and purchased by JKB Properties, LLC, a client of Miner’s.