Phoenix, AZ – CBRE has announced the signing of a ±16,380-square-foot office lease at 4435 E. Holmes Avenue in Mesa, Arizona. Practice Management Specialists, a local business service provider for dental practices, will relocate its corporate headquarters to the newly leased building at the end of this year.

Jamie Swirtz with CBRE’s Phoenix office negotiated the long-term lease on behalf of the landlord, Sunny Mesa, Inc. of Mesa. Rommie Mojahed with Sperry Van Ness represented the tenant.

“It was exciting work with a growing firm like Practice Management Specialists,” said Swirtz. “It’s great to see local companies scaling up and we were able to structure a lease term that will accommodate the company’s long term growth plans.”

Practice Management Specialists currently operates out of a smaller office space at 4704 E. Southern Avenue in Mesa. The Mesa-based outsourcing firm is relocating to accommodate recent growth and will take over the entire building on Holmes Avenue. The firm expects to hire approximately 60 new employees in the coming months.

“It is always exciting to see local businesses expand and add jobs here in Mesa,” Mayor John Giles said. “Congratulations to Practice Management Specialists, I wish them the best of success in their new headquarters.”

According to CBRE Research, while the overall metropolitan office market continues to hover around 20 percent vacant, the Mesa submarket is steadily improving. As of Q3 2015, East Mesa recorded a vacancy of 14.7 percent and downtown finished the quarter at 14.2 percent.

“Mesa has seen an increase in tenant activity in the last few quarters. Companies are starting to look to Mesa as a cost-effective community,” said Swirtz. “Average asking rates in Mesa are at $17.00 a square foot. Employers also recognize the city offers a strong labor pool and quality transportation system. I expect the increased activity to continue for the foreseeable future.”

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from October 19 thru 23, 2015.

OFFICE – 6740 S. TUCSON BLVD., TUCSON
Arizona Department of Economic Security has leased 53,250-square-feet of office space at 6740 S. Tucson Boulevard from HSL TI Building Properties LLC. The tenant was self-represented. The landlord was represented by Bill DiVito and Jesse Blum with CBRE’s Tucson office.

INDUSTRIAL – 2165 N. FORBES BLVD., TUCSON
Sahuaro Seed and Feed, LLC leased 17,022-square-feet at 2165 N. Forbes Blvd., Suite 101 in Tucson from Forbes Tucson, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $0.55 SF/MO Modified Gross; Tenant Phone: 520.747.3635[/mepr-show]

RETAIL – 9620 E. 22^nd ST., TUCSON
Ulta Salon, Cosmetics, and Fragrance, Inc. leased 10,000-square-feet at 9620 E. 22^nd Street in Tucson. The space is located within Old Spanish Trail Marketplace at the southeast corner of 22^nd Street and Harrison Road. The shopping center is anchored by Ross, Bed Bath & Beyond, Petco, OfficeMax, and Kirklands. Rick Borane of Volk Company represented the landlord, ATT-OST Marketplace LLC and Stores Investments Group, Inc. Neil Board of Western Retail Advisors represented the Tenant. [mepr-show rules=”58038″]Tenant Phone: 520.575.5067[/mepr-show]

INDUSTRIAL – 3655 N. ROMERO RD., TUCSON
Cactus Auto Company, Inc. leased 8,820-square-feet at 3655 N. Romero Rd. in Tucson from Primero Properties, LLC.  Cactus Auto will expand their RV operation to the site.  Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and George Hayduke with Westar Mortgage & Realty Corporation, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.888.0910[/mepr-show]

OFFICE – 3430 E. SUNRISE DRIVE, TUCSON
Duffield, Miller, Young, Adamson, and Alfred PC have leased 6,926-square-feet of office space at 3430 E Sunrise Drive from United Insurance Company of America. The tenant was self-represented. David Volk with CBRE’s Tucson office represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $20.00 SF/YR Full Service; Tenant Phone: 520.792.1181[/mepr-show]

INDUSTRIAL – 3757 E. 43 Pl., TUCSON
Fellers, Inc. leased 4,952-square-feet at 3757 E. 43^rd Pl. in Tucson from JDLH Investments, LLC.  Fellers is the world’s largest wrap supply company.  Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

INDUSTRIAL – 1009 S. EUCLID AVE., TUCSON
Baker + Hesseldenz Design, Inc. leased 2,040-square-feet at 1009 S. Euclid Ave. in Tucson from Rich Rodgers South, Inc.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.47 – $0.70 SF/MO Modified Gross; Tenant Phone: 520.760.0037[/mepr-show]

OFFICE – 5700 PIMA ST., TUCSON
The Center for Life Skills Development has leased 1,512-square-feet of expanded office space at 5700 Pima Street from 2222 Craycroft, LLC. The landlord was represented by Aubrey Finkelstein with VAST Commercial. The tenant was represented by Bruce Suppes with CBRE’s Tucson office.[mepr-show rules=”58038″] Asking lease rate: $16.00 SF/YR Modified Gross[/mepr-show]

OFFICE – 100 N. STONE AVE., TUCSON
Jesus L. Montoya Araiza has leased 1,333-square-feet of office space at 100 N. Stone Avenue from Holualoa Pioneer, LLC. The tenant was self-represented. The landlord was represented by Bruce Suppes and David Volk with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR Full Service[/mepr-show]

OFFICE – 1668 S. RESEARCH LOOP, TUCSON
Southwest Associates, LLC, dba Meridian Surveying & Development, leased 1,200-square-feet of office space at 1668 S. Research Loop, Suite 522 in Tucson from Foothills Business Ventures, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant and Gary Emerson with GRE Partners, LLC, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.55 – $0.90 SF/MO Modified Gross; Tenant Phone: 520.325.6990[/mepr-show]

RETAIL – 410 N. TOOLE AVE., TUCSON
Laura Tanzer, LLC, doing business as Ateller, has leased 1,012-square-feet of retail space at 410 N. Toole Ave from City of Tucson. The tenant was represented by Kent Simpson from Tierra Antigua. The landlord was represented by Buzz Isaacson with CBRE’s Tucson office.

OFFICE – 7650 E. BROADWAY BLVD., TUCSON
E-Corp has leased 944-square-feet of office space at 7650 Broadway Boulevard from AZ State Retirement System. The tenant was self-represented. The landlord was represented by Bruce Suppes with CBRE’s Tucson office. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Modified Gross; Tenant Phone: 520.334.4067[/mepr-show]

OFFICE – 5501 N. SWAN RD., TUCSON
Julia Miller Pilates, LLC, leased approximately 750-square-feet of office space located at 5501 N. Swan Road, Suite 215, Tucson, Arizona, from DaVinci Plaza, LLC.  Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR Full Service; Tenant Phone: 520.869.5258[/mepr-show]

RETAIL – 3940 E. GRANT RD., TUCSON
Super Nails leased 675-square-feet in the Fry’s Shopping Center at 3940 E. Grant Rd. in Tucson from Grant and Alvernon Realty Trust.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 2001 ORANGE GROVE RD., TUCSON
Tula Wellness has leased 500-square-feet of medical office space at 2001 Orange Grove Road from HTA-Tucson Medical Office, LLC. The tenant was self-represented. Dave Montijo with CBRE’s Tucson office represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.577.1129[/mepr-show]

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SCOTTSDALE, AZ – If you drive along the 101 Freeway in Scottsdale, you cannot miss the 60-foot tall concrete tilt walls standing upright just north of Via De Ventura. Anchored by one of the largest, most technologically advanced indoor aquariums to be constructed in the United States, OdySea in the Desert has now released its first wave of retailers committed to the developers ultimate vision of combining retail, entertainment, music, food and drinks.

Once a mix of undeveloped farmland and open desert, the Salt River Pima-Maricopa Indian Community has been transformed into a thriving multi-purpose entertainment district which combines shopping and entertainment opportunities suitable for a variety of different uses including OdySea Aquarium. In recent years, the stretch of land along Loop 101 between Indian Bend and Shea has become home to Salt River Fields at Talking Stick, the Arizona Diamondbacks and Colorado Rockies Major League Baseball Spring Training Complex, Top Golf at Riverwalk, Talking Stick Resort and Casino, Butterfly Wonderland and now OdySea in the Desert.

OdySea in the Desert is a 35-acre, multi-level, quarter billion dollar mixed use retail entertainment complex. The development features a 200,000 square foot state of the art aquarium, 77,000-square-feet of retail shops and restaurants, a 40,000-square-foot Butterfly Wonderland, a 180’ tall sky wheel, a 78’ indoor sky-diving facility and a 4-acre flagship water based attraction described by project officials as the Aquatic Oasis.

The Shops at OdySea in the Desert offer retail and restaurant suites ranging from 1,000 to 6,500-square-feet and will host innovative concepts from some of the world’s top restaurateurs and retail brands. The first floor will cater to retailers offering fun, hands-on interactive shopping, while the main level will house an array of unique, high-energy restaurants for visitors seeking an extraordinary culinary experience. Locally-based real estate company, ORION Investment Real Estate, has been working in tandem with the developer over the past several months to complete the leasing of the project.

Adam Lopez, ORION’s Vice President of Leasing noted, “Opening a retail shop or restaurant at The Shops at OdySea in the Desert is a once in a life time opportunity! We are thrilled to be announcing our first wave of retailers committed to the project and equally excited to announce many more to come!” In addition to high-end Seafood, Steakhouse, and Asian concepts, the project will also house family-friendly staples like Johnny Rockets and an old fashioned Ice Cream Parlor.

“We are focused on completing the developer’s vision of creating a fun and unique dining experience designed to attract everyone’s palate. We are rounding out a restaurant line-up that will have a cuisine type from everywhere in the world. A condensed EPCOT Center is the vision!,” says ORION President, Ari Spiro. The latest restaurant tenant to commit to the project is Humble Pie. “We had numerous interested pizza restaurants, but Humble Pie was a great addition as their lively, hip and high-end image, yet family-friendly is what this project embodies,” continued Spiro.

ORION has been promoting the project for only the past 4 months and has attained lease commitments for over 50% of the project with an additional 32% in pre-lease negotiations. “We are really excited to see our leasing and marketing strategy take flight. In a very short time frame, we have signed interactive retail concepts, such as an Arizona General Store and Trading Post who offers products unique to Arizona, an indoor carnival carousel, a glass shop where they will be blowing glass on site, an interactive candy store, an indoor ice bar and playground featuring Rita’s Frozen Ice, a high-end jeweler and a create-your-own custom toy store. It is all about creating an experience!”

The Shops at OdySea in the Desert represent the changing face of retail, blending entertainment and the shopping experience. “Top Retail brands have been evolving. They are looking for ways to create a more dynamic, entertaining atmosphere in order to get their customers interested in their product,” says Lopez. “The Shops at OdySea in the Desert is at the nucleus of this one-of-a-kind entertainment project in the heart of the Entertainment District in Arizona,” continues Spiro.

Though leasing up quickly, ORION says they are particularly interested in attracting operators in the sports bar/grills, barbecue, Mexican food, vegetarian/vegan and coffee categories. Lopez concludes, “The time is now…we anticipate commitments for the final phase of leasing within the next couple of months.”

For leasing opportunities, please contact Adam Lopez with ORION Investment Real Estate at (480) 656-1632.