Tucson Lease Report Week of Sept. 7-11, 2015

Real Estate Daily News
Tucson Lease Report

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from  September 7 thru September 11, 2015.

OFFICE – 6400 E. GRANT RD., TUCSON
Capital Connect, Inc. leased 6,007-square-feet of office space at 6400 E. Grant Rd. in Tucson from La Mirada LLC.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and David Montijo with CBRE, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $15.00 SF/YR Full Service; Tenant Phone: 520.209.2525[/mepr-show]

OFFICE – 2404 E. RIVER RD., TUCSON
Tula Wellness, PLLC subleased 3,821-square-feet of medical office space at 2404 E. River Rd., Suite 251 in Tucson from TMC Holdings, Inc.  Rick Kleiner, MBA, and Tom Knox, SIOR, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord and Bruce Suppes with CBRE, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.577.1129[/mepr-show]

OFFICE – 1880 E. RIVER RD., TUCSON
ARC Therapy Services, LLC, dba Brookdale Home Health Tucson, leased 2,920-square-feet of office space at 1880 E. River Rd., Suite 200 in Tucson from Cambric Partners.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.219.1649[/mepr-show]

OFFICE – 3100 N. STONE AVE., TUCSON
Oak & More, Inc. leased 2,507-square-feet of warehouse/office space at 3100 N. Stone Ave., Suite 200 in Tucson from 3100, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking rate: $0.65 – $0.70 SF/MO Modified Gross; Tenant Phone: 520.321.4090[/mepr-show]

RETAIL – 15990 S. RANCHO SAHUARITA BLVD, SAHUARITA
Sweet Peadiatric Dentistry, PLLC leased 1,920-square-feet at 15990 S. Rancho Sahuarita Blvd. in The Shops At Rancho Sahuarita, from Rancho Sahuarita Commercial Ventures, LLC. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and Christian Gile with Arizona Healthcare Realty, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $24.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 305 S. EUCLID AVE., TUCSON
Desert USA Corporation, dba Ecoblue, leased 1,875-square-feet at 305 S. Euclid Ave., Suite 101 in Tucson from Pascoe Investment-Arizona, LLC.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking rate: $0.75 SF/MO Modified Gross; Phone: 520.407.6788[/mepr-show]

OFFICE – 1670 E. RIVER RD., TUCSON
Phillips Auld Engineering, LLC leased 1,330-square-feet of office space at 1670 E. River Rd., Suite 100 in Tucson from Caliber Mesquite, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Gary Andros with Andros Properties, represented the tenant in this transaction.

RETAIL – 18805 S. I-19 FRONTAGE RD., SAHUARITA
Tierra Antigua Realty, LLC. Leased 1,307-square-feet at 18805 South I-19 Frontage Road, Suite A-105, in Green Valley. The space is located within Sahuarita Plaza, which is anchored by Petco, Jo-Ann Fabrics and Crafts, Ace, Ross, and Big Lots. Brenna Lacey of Volk Company represented the landlord, CVP – Sahuarita Plaza, LLC. [mepr-show rules=”58038″]Tenant Phone: 520.544.2335[/mepr-show]

RETAIL – 2914 E 22nd ST., TUCSON
Tucson Area Intergroup leased 330-square-feet of office space at 2914 E. 22nd St., Suite 3 in Tucson from R.R.L., Inc. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.882.7422[/mepr-show]




EastGroup Properties Welcomes Fast Fulfilment to East University II

1002 E University Dr, Phoenix, AZ
1002 E University Dr, Phoenix, AZ

EastGroup Properties has leased 17,400-square-feet of industrial space to Fast Fulfillment LLC’s at East University II, 1002 E. University Drive.

Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield represented Jackson, MS-based EastGroup Properties in the transaction. Cooper Fratt of CBRE represented the tenant.

Fast Fulfillment specializes in mail order, retail sales, e-commerce, manufacturing, and supply chain management. The company will take occupancy effective Oct. 1, 2015, making the property 100% leased. It is relocating from 1005 N. 50th St., Suite 120.

“EastGroup’s  building  provided  a  perfect,  central  location  for  Fast  Fulfillment,”  Ms. Orcutt said. “All  parties  worked  efficiently  to  negotiate  and  execute  the  lease  within  a  matter  of  days.”

East University II is part of a three-building project owned and managed by EastGroup Properties.  The 73,080-square-foot business distribution building is centrally located with excellent access to Interstate 17 and Sky Harbor International Airport and features 27-foot clear height ceilings.

The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.

 




Tucson Lease Report Week of Aug. 31 – Sept. 4, 2015

Tucson Lease Report
Tucson Lease Report

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 31 thru September 4, 2015.

OFFICE – 4690 N ORACLE RD, TUCSON
As reported previously in the Real Estate Daily News on August 6th, Comcast Cable leased 211,152-square-feet of space at 4690 N. Oracle Road, adjacent to the Tucson Mall in the Tucson Galleria, from Tanager Partners, LLC.  The Tucson Galleria was originally constructed in the 1980s as a multi-tenant retail, mall property.   The building was occupied by American Home Furnishings from 1992 until 2008, a New Mexico-based company founded in the 1930s and still operating in Albuquerque, Farmington and Santa Fe.

The four-level building and multi-level parking garage can accommodate 1,000-plus vehicles and will be retrofitted to house over 1,000 Comcast employees.  One of the major decision factors for selection of the Tucson Galleria site was based upon the convenient commuting options to the building.  This includes The Loop, an adjacent pathway system which connects non-motorized pedestrian paths in Tucson to the Rillito, Santa Cruz and Pantano River Parks. The Tucson Loop currently totals 100-plus miles and links Marana, Oro Valley and metropolitan Tucson to its parks, trails, bus and bike routes, workplaces, schools, restaurants, hotels and shopping areas – conveniently making the Tucson Mall area accessible to almost every neighborhood in Tucson.  The Tohono O’Odham Sun Tran Transit hub is located just to the east of the Tucson Mall, within a short walking distance to the building.

Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR represented the landlord in this transaction.  The leasing of two additional, former Tucson American Home Furnishing locations was also handled by Greg Furrier and Cushman & Wakefield | PICOR in 2009 and 2011.  Sam Levitz Furniture now occupies the 220,000-square foot former American Home Furnishings warehouse and retail store at the northeast corner of Prince and I-10.  Circus Furniture and Platinum Fitness occupy the 100,000-square foot former American Home Furnishings store at Golf Links and Harrison.

RETAIL – SANTA CRUZ VILLAGE, TUCSON
Larsen Baker has announced that Chuze Fitness leased a 16,000-square-foot space at Santa Cruz Village, located to the north of 16th Ave and Ajo Way. The Premises will be used as a fitness and health club facility which includes cardio equipment, strength equipment, free weights, circuit training, group exercise classes, personal training and for the sales of related products and services. They are scheduled to open for business early 2016.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker.

RETAIL – TRI VALLEY PLAZA, CASA GRANDE
Hot Spot Gymnastics has leased a 8,505-square-foot space at Tri Valley Plaza, located on the SE corner of Florence Blvd. & Colorado Rd., in Casa Grande, Arizona. The Premises will be used as a gymnastics and cheer facility and for the retail sale and storage of trophies, awards, and memorabilia. They are scheduled to open for business December 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker.

OFFICE – 698 E WETMORE RD, TUCSON
Dermatology & Plastic Surgery of Arizona, LLC has expanded their office to 3,338-square-feet at 698 E. Wetmore Road, from First Ave./Wetmore Office Plaza, LLC. Andrew Sternberg of Oxford Realty Advisors handled the transaction.

OFFICE- 2761 N COUNTRY CLUB RD, STE 201, TUCSON
Sunbelt Medical Management, LLC has leased 2,610-square-feet at 2761 N. Country Club Road, Suite 201, from Country Club Plaza, LLC.  Andrew Sternberg of Oxford Realty Advisors handled the transaction.

RETAIL – FRY BLVD & CORONADO RD, SIERRA VISTA
Larsen Baker announced that Today’s Look Salon & Day Spa leased a 2,472-square-foot at Cochise Plaza, located on the NE corner of Fry Blvd. and Coronado Rd. in Sierra Visa, Arizona. The Premises will be used as a salon and day spa specializing in hair cutting, coloring services, manicures, pedicures, facials, waxing, makeup, massage and related products and services. They are scheduled to open for business January 2016. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker.

RETAIL – 4280 N ORACLE RD, STE 180, TUCSON
Kevin Volk of Volk Company represented the tenant in a lease for 2,027-square-feet between Weingarten Nostat, Inc. (landlord) and IOU Sushi IV, LLC (tenant) at 4280 North Oracle Road, Suite 180. The shopping center is anchored by Nordstrom Rack, Home Depot, PetSmart, Cost Plus World Market, Jo-Ann Fabrics, Walgreens, Ulta, Jared Jewelers, and BJ’s Restaurant. This will be the tenant’s first location in Tucson for their popular all-you-can-eat sushi restaurant concept based in the Pacific Northwest.

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