The partnership identifies Arizona and Nevada as optimal markets to further their industrial real estate strategy

PHOENIX, Arizona – Nicola Wealth Real Estate (NWRE) and Hopewell Development (Hopewell) are strategically developing three industrial properties in low-tax, low-regulation Southwestern states with high migration. NWRE’s focus is growing an industrial portfolio in target markets against the backdrop of the increasing demand for industrial buildings to house e-commerce and distribution operations.

NWRE and Hopewell recently acquired the sites for North Valley Industrial Park in the Deer Valley submarket of AZ, and the South Valley Business Park in the Chandler submarket of AZ in 2019, with plans for delivering best in class mid-bay industrial developments. South Valley Industrial Park has broken ground, the project consists of two industrial buildings totaling approximately 145,000-square-feet completing Q2 2021. The North Valley Industrial Park is a multi-phase project with Phase 1 commencing April 2021, for development of 131,000-square-feet over two buildings adjacent to the Deer Valley Airport. North Valley will complete Fall 2021. In addition, the Partnership has recently acquired an in-fill 8.5-acre site in the Airport sub-market of Las Vegas. NWRE and Hopewell are obtaining entitlements to deliver approximately 150,000-square-feet of new generation product in the middle of this mature submarket. Las Vegas ground-breaking is slated for Q3 2021.

“Expanding NWRE’s industrial allocation within our funds involves two strategies; acquiring well located, well maintained, highly functional existing assets, and building to hold new generation product with trusted partners such as Hopewell” explains NWRE Director of Acquisitions, Matthew Schaeffers. “We remain focused on acquiring quality assets at accretive pricing within our target markets and are very excited about these three development projects.”

“These projects present ideal opportunities to add much needed supply to areas hungry for multi-tenant industrial buildings,” says Justin LeMaster, Vice President – US Industrial at Hopewell Development. “We are deploying our fully-integrated and customized approach to commercial real estate development to efficiently deliver highly desirable best-in-class product to the market.”

NWRE continues to pursue opportunities in all asset types in markets across North America, with a focus on acquiring income-producing properties and development sites.

TUCSON, Ariz. -The Tucson Chamber of Commerce hosted a ribbon-cutting ceremony with Embry Health on March 1st at Casas Church.

The Tucson Chamber of Commerce is welcoming Embry Health to the chamber for positively impacting the Tucson community.

Embry Health addresses Arizona’s need for widespread access to COVID-19 testing and seasonal vaccinations at 71 COVID-19 testing locations in rural and urban Arizona, as well as a growing number of COVID-19 vaccination sites. Additionally, all locations will soon be offering COVID-19 antibody testing. If you’re looking to implement a safe reopening plan for your business, Embry Health offers convenient and on-site testing.

Embry Health recently joined Arizona’s leading diagnostic testing lab, Sonora Quest Laboratories, to ensure Arizonans receive accurate test results in less than 24 hours on average.The partnership between Sonora Quest Laboratories and Embry Health makes it easier to access no-cost tests with quick results.Although cases are dropping, infected people walking around without symptoms are capable of spreading the virus unknowingly. To avoid doing so, getting tested more frequently is essential whether you feel symptoms or not.

Embry Health will also celebrate its second Pima County location, with the Marana test site opening March 2nd.

Embry Health operates the widest network of COVID-19 test locations in the state of Arizona. In March 2020, CEO Raymond Embry saw the toll COVID-19was taking on his community,so he pivoted resources from Embry Women’s Health clinic in Mesa and began offering no-cost PCR COVID testing to the public. Today with over 1000 employees at 71 drive-thru sites spread throughout Arizona, Embry Health continues to provide no-cost PCR COVID-19 testing and vaccinations to the public, regardless of their medical insurance access.

Find out more about Embry Health, including the variety of testing services and job opportunities, by visiting EmbryHealth.com or calling (480)376-2170.

Highlighted this week is a 9,600-square-foot industrial space leased to Sabino Electric, Inc. in Tucson handled by Gary Emerson with GRE Partners and John Ash of CBRE, both of Tucson.

The following leases have been submitted to the Real Estate Daily News for the Tucson Lease Report from February 22-26, 2021.

INDUSTRIAL – 861 E 18^th St., TUCSON
Sabino Electric Incorporated leased 9,600-sqaure-feet at 861 E. 18^th Street from Stephen L. Ziegler Tr.  Gary Emerson of GRE Partners, LLC represented the tenant and John Ash of CBRE represented the landlord.

INDUSTRIAL – 1021 E. PALMADE ST., TUCSON
M5 Delivery LLC leased 2,166-square-feet at 1021 E. Palmdale Street Suite 100 from Foothills Business Ventures, LLC.  Gary Emerson of GRE Partners, LLC handled the transaction.

[mepr-show rules=”58038″]Asking lease rate: $9.00 SF/YR (Ask) Modified Gross; Tenant Phone: 408.499.3126 [/mepr-show]

RETAIL – 7955 E. BROADWAY BLVD., TUCSON
FASTSIGNS International, Inc has leased 1,780-square-feet at 7955 E. Broadway Blvd., #157, for a 5 year term, from Encino Investments, LLC.  Robert Nolan of Oxford Realty Advisors represented the Landlord in this transaction.

OFFICE – 3829 N ORACLE RD., TUCSON
Rage and Destruction leased 1,200-square-feet at 3829 N. Oracle Road in Oracle Tower business park from Tesoro Enterprises, LLC.  Gary Emerson of GRE Partners, LLC handled the transaction.

OFFICE – 3863 N ORACLE RD., TUCSON
Mac Medical leased 1,000-square-feet at 3863 N. Oracle Road in Oracle Tower business park from Tesoro Enterprises, LLC.  Gary Emerson of GRE Partners, LLC handled the transaction.

OFFICE – 2359 E. FRY BLVD., TUCSON
Moake Insurance, LLC dba Farmers Insurance Samantha Moake Agency has leased a 212- square-feet at Cochise Plaza, located at 2359 E Fry Blvd., Sierra Vista, AZ 85635. The Premises will be used as an insurance brokerage. They are scheduled to open for business March 2021. Isaac Figueroa and Elaina Elliot of Larsen Baker handled this transaction.

Submit sales and leases to REDailyNews@outlook.com.