The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from October 24 thru 28, 2016.

INDUSTRIAL – 6465 E. DREXEL RD., TUCSON
JK Communications & Construction, Inc., dba Kleven Construction, leased a 1.26 acre site at 6465 E. Drexel Rd. in Tucson, from Allied Industrial Limited Partnership.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 480.736.8400[/mepr-show]

 OFFICE – 5255 E. WILLIAMS CIRCLE, TUCSON
Centene Management Company, LLC leased 16,299-square-feet of office space in Williams Centre, 5255 E. Williams Circle, Suite 2050 in Tucson, from WC Partners.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, and Scott Bazoian with Cushman & Wakefield (St. Louis, MO.), represented the tenant in this transaction.  Peter Casey with Colton Capital Corporation represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $24.00 SF/YR NNN; Tenant Phone: 480.456.0924[/mepr-show]

INDUSTRIAL – 1668 S. RESEARCH LOOP, TUCSON
Elitise, LLC renewed their lease with Clairemont Partners, LLC for 7,432-square-feet of space and expanded an additional 7,346 square feet for a total of 14,778 square feet in Clairemont Industrial Center, 1668 S. Research Loop in Tucson. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.62 SF/MO Modified Gross Tenant Phone: 520.499.3799[/mepr-show]

INDUSTRIAL – 1270 W. GLENN ST., TUCSON
Comprehensive Risk Services (CRS) leased 5,000-square-feet at 1270 W. Glenn St. in Tucson, from Long Far Investments. CRS is an all-inclusive emergency (fire & water) and environmental contractor and can identify and remove a variety of hazards including asbestos, lead, meth and mold.  Jeff Zellet, Commercial Specialist, with Cushman & Wakefield | PICOR, represented the tenant and Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 602.222.2318[/mepr-show]

INDUSTRIAL – 3820 S. Palo Verde Rd., TUCSON
Harbottle Brewing Company, LLC, leased  approximately 3,807-square-feet at 3820 South Palo Verde Road, Suite 200. The tenant will use the space for craft beer manufacturing and sales, as well as a tasting room. The Landlord, Palo Verde Trust Partners LLC, was represented by Robert Glaser and Paul Hooker of Cushman & Wakefield ǀ PICOR. Debbie Heslop, CCIM, of Volk Company represented Harbottle Brewing Company, LLC. [mepr-show rules=”58038″]Asking Lease rate: $0.68 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 1311 E. AJO WAY, TUCSON
Ajo Business Center Limited Partnership leased 3,480-square-feet of space at 1311 East Ajo Way, Suites 107-109, to Fleetwash, Inc., a mobile truck washing operation. The space is located within Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Paul Rosado represented the tenant. Kevin Volk of Volk Company represented Ajo Business Center Limited Partnership.

OFFICE – 4600 S. PARK AVE., TUCSON
SMSJ Tucson Holdings, LLC leased 1,970-square-feet at 4600 S. Park Ave., Suite 6B in Tucson, from Ohio Street Building No. 2, Ltd., LLLP.  Rob Glaser, SIOR CCIM, and Isaac Figueroa, with Cushman & Wakefield |PICOR, represented the landlord in this transaction.  David Montijo and Damian Wilkinson with CBRE, Inc. represented the tenant. [mepr-show rules=”58038″]Asking lease rate: 14.00 SF/YR Full Service[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON
Steven L. Graves Enterprises Incorporated renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 106 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON
5 Star Emission Repair, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 148 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.408.2222[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON
B2B Delivery, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 190 in Tucson from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.638.5278[/mepr-show]

RETAIL – 446 W. VALENCIA RD., TUCSON
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Oportun, in a 60-month retail lease for a 1,200-square-foot space at 446 W. Valencia Rd. Kevin Volk with VOLK Company represented the landlord, Southside Plaza.

INDUSTRIAL – 1664 S. RESEARCH LOOP, TUCSON
People and Pets, LLC leased 1,240-square-feet in Clairemont Plaza, 1664 S. Research Loop, Suite 228 in Tucson, from Clairemont Partners, LLC.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.67 – $0.75 SF/MO Modified Gross; Tenant Phone: 520.440.5354[/mepr-show]

OFFICE – 1701 W. ST. MARY’S RD., TUCSON
Nicholas Ransom, M.D. leased 1,005-square-feet of medical office space at 1701 W. St. Mary’s Rd., Suite 114 in Tucson, from HR Acquisition I Corporation.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $19.00 SF/YR Full Service; Tenant Phone: 520.204.1495[/mepr-show]

RETAIL – 702 W. IRVINGTON RD., TUCSON
Quik Fix I-Phone Repair, LLC, leased approximately 770-square-feet of space at 702 West Irvington Road for a cellular phone repair business. The landlord is Irvington Road Partners, LLC. Jeramy Price of Volk Company represented the tenant, Quik Fix I-Phone Repair, LLC. [mepr-show rules=”58038″]Asking lease rate: $22.00 – $30.00 SF/YR NNN; Tenant Phone: 520.850.6637[/mepr-show]

OFFICE – 2601 N. CAMPBELL AVE., TUCSON
Elite Care, LLC has leased 756-square-feet at the Copper Plaza office building located at 2601 N Campbell Avenue. The Landlord, Blue Lion Campbell, LLC was represented by Stephen F. Grimm and Jordan Mandell of Grimm Commercial, LLC. [mepr-show rules=”58038″]Tenant Phone: 520.889.7800[/mepr-show]

Submit sales and leases to [email protected]

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from October 24 thru 28, 2016

RETAIL – 21541 S. ELLSWORTH LOOP RD., QUEEN CREEK
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon of NAI Horizon represented the tenant, Planet Fitness and landlord, Queen Creek Fiesta, LLC, in a 240-month retail lease for a 22,080-sqaure-feet of space at 21541 S. Ellsworth Loop Rd.

RETAIL – 1729 N. DYSART RD.,  AVONDALE
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, Alameda Venture, LLC, in a 123-month retail lease for a 3,600-square-feet of space at 1729 N. Dysart Rd. Ty Brewster with Keyser represented the tenant, Rosati’s Pizza. 

RETAIL – 2051 W. CHANDLER BLVD., CHANDLER
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, La Hacienda, in a 63-month retail lease for a 2,000-square-feet of space at 2051 W. Chandler Blvd. Trent Rustan with Commercial Properties, Inc. represented the landlord, Persis Properties, LLC.

RETAIL – 820-822 E INDIAN SCHOOL RD., PHOENIX
A lease for 1,380-square-feet was recently consummated. The location of the property is 820-822 E Indian School Rd in Phoenix, AZ. Richard Mackay of Rein & Grossoehme Commercial Real Estate represented the owner and the tenant.

RETAIL – 6746 W. CAMELBACK RD., PHOENIX
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Oportun, in a 60-month retail lease for a 1,350-square-feet of space at 6746 W. Camelback Rd. Gordon Heckaman with DeRito Partners represented the landlord, 67th Ave. and Camelback Pros Real Estate, LLC.

RETAIL – 8841 N. 19^th AVE, PHOENIX
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Oportun, in a 60-month retail lease for a 1,307-square-foot space at 8841 N. 19th Ave. Alan Houston with SRS represented the landlord, Primestor 19th Avenue, LLC.

RETAIL – NEC LAKE PLESANT RD & HAPPY VALLEY RD., PHOENIX
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the tenant, Delia’s Cleaners, in a 60-month retail lease for a 1,200-square-feet of space at NEC Lake Pleasant Rd. & Happy Valley Rd. Tyler Chester with Phoenix Commercial Advisors represented the landlord, Evergreen – Happy Valley & Lake Pleasant, LLC.

RETAIL – 5830 W. THUNDERBIRD RD., PHOENIZ
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon with NAI Horizon represented the landlord, CP6GT, LLC, in a 63-month retail lease for a 900-square-feet of space at 5830 W. Thunderbird Rd. Matt Harper with Phoenix West Commercial, LLC represented the tenant, Metro PCS.

Submit sales and leases to [email protected]

Fully speculative project will serve growing demand for modern West Valley product

PHOENIX, AZ – The Phoenix office of JLL has been awarded the leasing assignment for Riverside 43, a 250,043-square-foot, fully speculative Class A industrial project that broke ground this week by Scottsdale-based Merit Partners, Inc. The project is one of the last parcels in the Riverside Tax District in Phoenix’s West Valley submarket.

Located at 2200 S. 43rd Ave. in Phoenix, Riverside 43 at build out will total 250,043-square-feet of modern industrial space with Class A amenities including 36-foot clear height ceilings, 310-foot-deep cross dock configuration (71 dock-high loading doors and four roll up, grade level doors and ramps) and R-30 roof insulation.

The project can accommodate up to four tenants with four separately-accessed secure yards.

JLL Managing Directors Marc Hertzberg and Anthony J. Lydon, and Associate Riley Gilbert, will serve as the project’s exclusive leasing brokers.

“Demand for Phoenix industrial space is back to the market highs we experienced in ‘07 and ‘08. It’s a level that more than justifies new, Class A product, and will welcome the delivery of Riverside 43 with open arms,” said Hertzberg. “Tenants who locate here will have the best of today’s modern industrial construction as well as a financial advantage, due to the project’s location in one of Phoenix’s most cost-effective tax districts.”

According to JLL’s Q3 Phoenix Industrial Report, speculative industrial construction dominates the remainder of the metro market pipeline. This is a contrast to the past 12 to 24 months, when build-to-suit activity represented a large portion of construction and has greatly contributed to the 4.25 million square feet of new space delivered to the Valley year-to-date. With average industrial vacancy rates hovering at around 9.6 percent, builders are turning their attention to speculative opportunities of all sizes.

“This site provides a great opportunity to develop for a segment of the market that has been underserved with new product for a very long time, said Merit Partners Principal Kevin Czerwinski. “Riverside 43 will have all the modern amenities that new construction has to offer.”

Riverside 43 is located approximately 10 minutes from downtown Phoenix and Phoenix Sky Harbor International Airport. It is also less than three miles from I-10, offering direct access to West Coast ports and placing numerous large urban areas within a one- to two-day delivery zone.

“Today’s manufacturing, warehouse and distribution functions are all about efficiency, and this Class A space will provide that advantage in spades,” added Lydon. “The West Valley has been patient, but now is its time for new spec space.”

The project is slated for completion in Spring 2017. Sun State Builders is the general contractor. “We are proud to partner with Merit Partners and JLL to design and construct a first-class office/warehouse facility,” said Erik Powell, Sales and Development Manager for Sun State Builders.