The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 15 thru 19, 2016.

OFFICE – 6565 E. CARONDELET DR., TUCSON
Arizona Endovascular Center, PLLC renewed their lease for 7,337-square-feet of medical office space at 6565 E. Carondelet Dr., Suite 235 in Tucson, from Tucson 6565 Medical Properties, LLC.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Andrew Sternberg with Oxford Realty Advisors, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $22.00 SF/YR Full Service; Tenant Phone: 520.296.5500[/mepr-show]

INDUSTRIAL – 841 E. 47^th ST., TUCSON
Elite Delivery Services, Inc. leased 5,760-square-feet at 841 E. 47^th St., Suite B in Tucson, from Walter L. & Jill D. Pearson Trust.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.47 SF/MO Modified Gross; Tenant Phone: 520.623.1665[/mepr-show]

OFFICE – 1055 N. LA CANADA DR., GREEN VALLEY
Edita Extra-Mendoza, M.D. and Fred Mendoza, M.D. leased 4,021-square-feet of medical office space at 1055 N. La Canada Dr., Suite 121 in Green Valley, AZ., from Healthcare Realty Services, Inc.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in transaction. [mepr-show rules=”58038″]Tenant Phone: 520.547.7770[/mepr-show]

OFFICE – 630 N. ALVERNON WAY, TUCSON
Valley Perinatal Services, LLC leased 3,621-square-feet at 630 N. Alvernon Way, Suite 180 in Tucson, from Tucson 630 Medical Properties, LLC.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $12.00 – $22.00 SF/YR Full Service; Tenant Phone: 480.551.9700[/mepr-show]

INDUSTRIAL – 2075 W. GARDNER LANE, TUCSON
Alex’s Produce, LLC leased 3,000-square-feet of industrial space at 2075 W. Gardner Lane, Suite 104 and 105 in Tucson, from Windmill Development, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.293.3333[/mepr-show]

OFFICE – 899 N. WILMOT RD., TUCSON
Dr. Brien V. Harvey, D.D.S. and Jenann T. Ismael has extended their lease and expanded the existing dental practice for a ten (10) year term of 2,698-square-feet at 899 N. Wilmot Road, Suites E-1 & E-2, from Holland Arizona Investments, LLC.  Lori Casey and Cameron L. Casey of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR Full Service; Tenant Phone: 520.745.5722[/mepr-show]

RETAIL – 64 N. HARRISON RD., TUCSON
Psychosomatic Fitness, LLC leased 2,600-square-feet in the Broadway Albertson’s Center located at the northeast corner of Broadway Blvd. and Harrison Rd. in Tucson, from JDJK Investments, LLP.  Rob Tomlinson and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Asking lease rate: $7.00 SF/YR NNN[/mepr-show]

INDUSTRIAL – 3150 N FREEWAY LOOP, TUCSON
General Parts, LLC expanded their lease with P3 & G, LLC an additional 2,400-square-feet at their current location, 3150 N. Freeway Industrial Loop, Suite 102 in Tucson.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord and Jesse Blum with CBRE, Inc., represented the tenant in this transaction.

INDUSTRIAL – 4565 S. PALO VERDE RD., TUCSON
Automated Solutions Group, Inc. leased 1,750-square-feet in Butterfield Business Center, 4565 S. Palo Verde Rd., Suite 215 in Tucson, from Presson Equity Partners, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.43 SF/MO NNN[/mepr-show]

INDUSTRIAL – 220 E 27^th ST., TUCSON
Addition Accessories leased 1,350-square-feet at 220 E. 27^th St., Suite G in Tucson from Tin Cup Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.67 – $0.73 SF/MO Industrial Gross[/mepr-show]

RETAIL – 3100 N. STONE AVE., TUCSON
Familias Saludables leased 1,245-square-feet of retail space in North Stone Business Village, 3100 N. Stone Ave., Suite 126 in Tucson, from 3100, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.60 – $0.75 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 245 S. PLUMBER AVE., TUCSON
FSC Builders, LLC leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 24 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 3941 E. 29^th ST., TUCSON
Henry Zappia leased 818-square-feet in Midpoint Business Plaza, 3941 E. 29^th St., Suite 603 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: $0.64 SF/MO Modified Gross[/mepr-show]

OFFICE – 1200 N. EL DORADO PL., TUCSON
Secondary Marketing Services, LLC leased 810-square-feet in El Dorado Square, 1200 N. El Dorado Pl., Suite H-820 in Tucson, from El Dorado Ventures, LLC. Tom Nieman and Isaac Figueroa, Office Specialists with Cushman & Wakefield | PICOR, handled this transaction. Tom Nieman represented the landlord and Isaac Figueroa represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.300.9496[/mepr-show]

RETAIL – 4818 E. BROADWAY BLVD., TUCSON
Jesus E. Moreno and Hael Arzola leased 470-square-feet of office space at 4818 E. Broadway Blvd., in Tucson from MDSANRAK, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction.

Locally owned homeowner association management company Cadden Community Management won the 2016 Mid-sized business award at the August 18, Greater Oro Valley Chamber of Commerce Annual Meeting and Pinnacle Awards breakfast. The event was held at the Hilton El Conquistador in Oro Valley and celebrates members of the Chamber that achieve within the organization as well as the community. Cadden is a founding member of the Oro Valley Chamber and has served the Oro Valley Community for close to 30 years.

Cadden Community Management has enjoyed over 29 years of success in the association management industry. Today, the company is responsible for maintaining and increasing property values of homes in approximately 220 communities in Tucson, Green Valley and Sierra Vista.

Phoenix, AZ – Colliers International in Greater Phoenix sold a 7,522-square-foot building occupied by Twin Peaks Restaurant at 8787 E. Frank Lloyd Wright Blvd. in Scottsdale for +$4.4 million ($585 PSF).

Marc Bonilla of Colliers International represented the seller, TT Scottsdale LLC, in the transaction and Jacob Baratz of Marcus & Millichap represented the Buyer, Sherman C. Little and Delaine K. Little.

This marks the second time Bonilla has sold the asset. He negotiated the sale of the Twin Peaks site to TT Scottsdale LLC, in 2012 for $2.5M.

Twin Peaks – North Scottsdale – is located on Loop 101 (Pima Freeway) and Frank Lloyd Wright Blvd.  The property boasts hard-corner visibility, a pad site, and clear visibility off the on-ramp to Loop 101. The lease is based on a 15-year absolute net with a corporate guarantee. Twin Peaks is part of the 285,000-SF Sonora Village shopping center, which is anchored by Best Buy, Staples and Studio Movie Grill.  The center is located adjacent to Walmart, Home Depot, Target, Costco, Sam’s Club, and Kohl’s.

“This trophy asset represents one of the best investment profiles North Scottsdale has to offer.  The property boasts outstanding visibility, particularly off the Loop 101 and Frank Lloyd Right, with a thriving tenant,” said Bonilla. “Deals like this are hard to find.  We were under contract within a week from marketing launch near full asking price,” said Bonilla.

For further inquiries, please contact Marc Bonilla at Colliers International, 602.790.0716.