The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 24 thru 28, 2015.

RETAIL – 12100 N. THORNYDALE RD., TUCSON
Oro Valley Hospital, LLC leased 6,600-square-feet from Old Lobos T & T, LLC to redevelop into a medical office at The Shoppes at Tangerine Crossing, 12100 N. Thornydale Rd. in Tucson.   Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR and Jim Eaton with Geis Realty Group, represented the tenant. Brian Harpel, with The Harpel Company, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.901.3500[/mepr-show]

INDUSTRIAL – 3865 E. 34^th ST., TUCSON
Exclusive Nails Couture Professional, LLC leased 3,812-square-feet at 3865 E. 34^th St., Suite 109 in Tucson from AP & D Investments, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Kevin Volk with Volk Company, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.45 SF/MO Industrial Gross; Tenant Phone: 520.573.7142[/mepr-show]

RETAIL – 12152 N. RANCHO VISTOSO BLVD., TUCSON
Boccaccio, LLC has leased 2,800-square-feet at 12152 N. Rancho Vistoso Blvd., Suite C-160, from SB & FB Vistoso Plaza, LLC.  Five year term, turnkey restaurant.  Robert Nolan of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $19.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 3880 S. Palo Verde RD., TUCSON
Howmedica Osteonics Corporation leased 2,634-square-feet at 3880 S. Palo Verde Rd., Suite 403 in Tucson from Palo Verde Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.  Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR and Peter Politi with Jones Lang LaSalle Brokerage, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.64 SF/MO Modified Gross; Tenant Phone: 520.750.1716[/mepr-show]

RETAIL – 3067 N. CAMPBELL AVE., TUCSON
Sky Dragon, LLC. Leased 2,000-square-feet at 3067 North Campbell Avenue Tucson. The tenant plans to open a Chinese restaurant in the premises. Kevin Volk and Rick Borane of Volk Company handled a lease between DTT North on Campbell, LLC and Sky Dragon, LLC.

OFFICE – 5305 E. BROADWAY BLVD., TUCSON
Integrity Staffing Solutions, Inc. leased 1,686-square-feet at 5305 E. Broadway Blvd. in Tucson from Transamerica United Group, LLC. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR and Rick Kingery with Colliers International, represented the tenant in this transaction.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3925 E. 29^th ST., TUCSON
CCE AZ, LLC leased 1,505-square-feet in Midpoint Business Plaza at 3925 E. 29^th St., Suite 402 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.62 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Fairchild Enterprises, Inc. leased 800-square-feet at 4500 E. Speedway, Suite 81 in Tucson from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord and Robert Noland with Oxford Realty Advisors, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.72 – $0.80 SF/MO Modified Gross; Tenant Phone: 520.795.7516[/mepr-show]

OFFICE – 5930 E. PIMA ST., TUCSON
Defenders, Inc. leased 551-square-feet at 5930 E. Pima St., Suite 108 in Tucson from 5930 E. Pima, Inc.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 SF/YR Modified Gross[/mepr-show]

RETAIL – 621 N. GRAND AVE., TUCSON
IME, LLC leased 500-square-feet of retail/office space at 621 N. Grand Avenue, Suite D in Nogales, Arizona, from Angel T. Mendoza.  Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Ramon Jaimes with Jaimes Realty, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $1.20 SF/MO Modified Gross[/mepr-show]

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SCOTTSDALE, AZ – Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease extension and expansion at Pima Northgate, located at 14000 N. Pima Rd., for LoanDepot.com, a loan underwriting and mortgage banking company.

The lease is for 49,787-square-feet at Pima Northgate, a 140,000-square-foot office building in the bustling Scottsdale Airpark submarket. LoanDepot.com previously occupied 25,219-square-feet on the second floor of the building. Over the past year, office net absorption in that submarket has topped 200,000-square-feet, second best in Metro Phoenix. The property is now 100 percent leased.

“LoanDepot is rapidly growing and for their expansion needs, they considered several other Valley submarkets,” said Tim Whittemore, Senior Director with Cushman & Wakefield’s Office Properties group. “Ultimately they decided to remain and expand at Pima Northgate as a result of their proven ability to recruit qualified employees in the North Scottsdale area. The Class A nature of the building is also consistent with LoanDepot’s brand and image.”

Whittemore and Chris Nord of Cushman and Wakefield represented the landlord, ASB Real Estate Investments of Bethesda, MD. LoanDepot, headquartered in Foothill Ranch, Calif., was represented by John Gillespie of Newport Commercial Realty Advisors.

Target date for expansion is Dec. 1. Other tenants at Pima Northgate include Bridge2 Solutions and Pegasus.

Retail Users’ Demonstrate attraction to Industrial Space

SCOTTSDALE, AZ – Cushman & Wakefield of Arizona, Inc. negotiated a creative, long-term lease for an international martial arts client, finding it a new home in an industrial building. The lease is part of an overall trend for destination retail users to select more cost-effective industrial space.

Gracie Barra, a global Brazilian Jiu Jitsu school, signed a long-term lease for 4,486 square feet at 16033 N. 77^th St., Suite B and took occupancy this month. It is the first location in the Valley for Gracie Barra, which has schools in Tucson and Flagstaff. Gracie Barra offers advanced programs, black belt programs, fundamental programs, future champions programs, women’s programs and private training.

“It’s interesting to see retail tenants transitioning into industrial complexes,” said Keri Scott, Associate with Cushman & Wakefield’s Industrial Properties group. “It’s a more cost-effective way for retail tenants to still be successful in an aggressive market like Scottsdale. This market in particular, has a lack of retail product. Destination retail users are not as reliant on pedestrian traffic and street-front visibility, so these industrial options offer a great opportunity.”

Retail sales and retail leasing in Scottsdale have been very active since the beginning of the year. Four of the top five retail sales and two of the top four leases in 2015 have taken place in the Scottsdale submarket.

Scott and Dan Casey of Cushman & Wakefield represented Gracie Barra in the transaction. The landlord, MJD Investments, LLC of Gilbert was represented by Kevin Roos of Roos Realty Partners, LLC.