Western Refining Inks Lease Expansion at Papago Buttes Corporate Plaza

Papago Buttes
Papago Buttes (Courtesy photo) click to enlarge

TEMPE, AZ – Cushman & Wakefield of Arizona, Inc. recently negotiated a lease expansion for Western Refining at Papago Buttes Corporate Plaza, located at 1250 W. Washington St. The expansion results in the company occupying an entire four-story, 105,000-square-foot building.

Western Refining has agreed to lease 17,723-square-feet of additional space on the fourth floor of the West Washington Street office structure. The firm took the opportunity to expand its administrative offices when two previous tenants chose to vacate the property. The company will take occupancy of the additional space this summer.

Western Refining is an independent refining and marketing company operating refineries in El Paso and Gallup, New Mexico and a retail segment that includes service stations and convenience stores in Arizona, Colorado, New Mexico and Texas. Western Refining, Inc. also owns the general partner and approximately 66% of the limited partnership interest in Western Refining Logistics, LP and is the general partner of approximately 38% of the limited partnership interest in Northern Tier Energy LP.

“This expansion opportunity enabled Western to accommodate our growth where we already have a successful tenancy,” said Gary Hanson, Vice President of Corporate Communications at Western Refining. “The additional square footage will allow us room for future expansion as more growth opportunities become available.”

Larry Downey of Cushman & Wakefield of Arizona served as exclusive tenant representative for Western Refining in the transaction. Tony Hepner and Janet Ehrlich of Metro Commercial represented the landlord.




AZ Dept. of Child Safety Leases 2-1/2 floors at Mesa Financial Plaza

Mesa Financial Plaza
Mesa Financial Plaza (courtesy photo) click to enlarge

MESA, AZ – Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for the Arizona Department of Child Safety (DCS) at Mesa Financial Plaza, 1201 S. Alma School Road in Mesa, AZ.

The lease, for 46,401-square-feet spanning 2 1/2 floors, is new operating office space for DCS. Mesa Financial Plaza, a 16-story high-rise office tower, was built in 1985.

“This tenant, combined with the three or four latest professional firms, will be a wonderful addition to Mesa Financial Plaza,” said Matt Nebeker, a Director with Cushman & Wakefield’s Office Properties group. “The building is a great location for a new tenant to rebrand it with its own signage as Bank of America prepares to vacate.”

Nebeker represented the landlord, Wilson Property Services of Phoenix.




Tucson Lease Report – June 15 – 19, 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 June 15 thru 19, 2015.

SCHOOL – 601 E. FORT LOWELL RD., TUCSON, AZ
Seneca Preparatory Academy Foundation leased 13,000-square-feet at 601 E. Fort Lowell Rd. in Tucson from Sacred Heart Roman Catholic Parish. Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and David Blanchette with CBRE, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $10.00 SF/YR NNN[/mepr-show]

RETAIL – 8616 E. BROADWAY BLVD., TUCSON, AZ
Humana / Preservation on Main, Inc., dba lora Primary Care, leased 8,400-square-feet in the Berkshire Village Shopping Center at 8616 E. Broadway Blvd. in Tucson from J.M.K. Family Properties, LP.  Rob Tomlinson, Aaron LaPrise and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

FLEX SPACE – 3700-3716 E. COLUMBIA ST., TUCSON, AZ
Johnson Controls Inc. has leased 7,380-square-feet of flex space at 3700-3716 E. Columbia St. from, Holualoa Columbia Industrial LLC. The landlord was represented by Bill DiVito and Jesse Blum with CBRE’s Tucson office.

RETAIL – 3904 E. GRANT RD., TUCSON, AZ
Humana / Preservation on Main, Inc., dba lora Primary Care, leased 5,700-square-feet at 3904 E. Grant Rd. in Tucson from Grant and Alvernon Realty Trust.  Greg Furrier and Rob Tomlinson, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3880 E. FRY BLVD., SIERRA VISTA, AZ
Freedom Smoke USA has leased 4,725-square-feet at 3880 E. Fry Blvd., Sierra Vista, from KLO Properties, LLC.  Robert Nolan of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]$12.00 SF/YR NNN; Tenant phone: 520.396.3990[/mepr-show]

FLEX SPACE – 2901 E. ELVIRA RD, TUCSON, AZ
DHL Global Forwarding has renewed their 4,000-square-foot lease of flex space at 2901 E. Elvira Rd. from Holualoa Tucson Airport I, LLC. The landlord was represented by Bill DiVito and Jesse Blum with CBRE’s Tucson office.

FLEX SPACE – 3280 E. Hemisphere Loop, Tucson, AZ
Primadonna Linens has leased 3,216-square-feet of flex space at 3280 E. Hemisphere Loop from Tucson Property Investors. The tenant was represented by Mark Hays with Tierra Antigua Realty. The landlord was represented by Tim Healy and Bob DeLaney with CBRE’s Tucson office.

OFFICE – 2260 N. ROSEMONT BLVD., TUCSON, AZ
Therapy Group of Tucson, PLLC leased 2,755-square-feet at 2260 N. Rosemont Blvd., Suite 100 in Tucson Medical Park from TMC Holdings, Inc.  Rick Kleiner, MBA, and Tom Knox, SIOR, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord and Gary Best, CCIM, with Keller Williams Southern Arizona, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.232.2021[/mepr-show]

RETAIL – 2040 W. Orange Grove, Tucson, AZ
Farmers Insurance has leased 1,100-square-feet of retail space at 2040 W. Orange Grove Rd. from La Cholla Plaza. The tenant was represented by Bruce Suppes with CBRE’s Tucson office. The landlord was represented by David Carroll with Romano Real Estate.

OFFICE – 100 N. STONE AVE, TUCSON, AZ
Roach Law Firm, LLC has leased 1,065-square-feet of office space at 100 N. Stone Ave. from Holualoa Pioneer LLC. The tenant was not represented in the transaction. The landlord was represented by Bruce Suppes and David Volk with CBRE’s Tucson office.

INDUSTRIAL – 1100 E. AJO WAY, TUCSON, AZ
Julia Palfreyman, Attorney-At-Law, leased 860-square-feet in the Ajo/Evans Business Park, 1100 E. Ajo Way, Suite 212 in Tucson from Ajo/Evans Business Park, LLC. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.50 -$0.54 SF/MO NNN[/mepr-show]

OFFICE – 5930 E. PIMA ST., TUCSON, AZ
Rich Reiners, American National Insurance leased 558-square-feet at 5930 E. Pima St., Suite 144 in Tucson from 5930 E. Pima, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. As[mepr-show rules=”58038″]king lease rate: $14.00 SF/YR Modified Gross[/mepr-show]

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