Tucson Lease Report Aug. 8 – 12, 2016

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 8 thru 12, 2016.

INDUSTRIAL – 10900 N. STALLARD PL., ORO VALLEY
Guardian Pharmacy of Tucson, LLC leased 8,002-square-feet at 10900 N. Stallard Pl. in Oro Valley, AZ., from Daryl B. Ross and Melvin S. Ross.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, and Samuel B. Hollis, Jr. with Cushman & Wakefield, Atlanta, GA., represented the tenant in this transaction.

OFFICE – 6565 E. CARONDELET DR., TUCSON
Arizona Endovascular Center, PLLC has renewed their lease of 7,337-square-feet at 6565 E. Carondelet Dr., Suite 235, from Tucson 6565 Medical Properties, LLC.   Andrew Sternberg of Oxford Realty Advisors represented the Tenant and Rick Kleiner of Cushman & Wakefield | PICOR represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $22.00 SF/YR Full Service; Tenant Phone: 520.722.3777[/mepr-show]

OFFICE – 7530 N. ORACLE RD., TUCSON
Emil H. Annabi, M.D., P.C., dba Pima Pain Center, leased 2,510-square-feet at 7530 N. Oracle Rd., Suite 200 in Tucson from Natomand, LLC.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant and Alan Moore with Chapman Lindsey Commercial Real Estate Services, LLC, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.399.6000[/mepr-show]

INDUSTRIAL – 1684 S. RESEARCH LOOP, TUCSON
Riton USA, LLC leased 2,480-square-feet in Clairemont Plaza, 1684 S. Research Loop, Suite 550 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: $0.56 – $0.72 SF/MO Modified Gross; Tenant Phone: 520.397.4866[/mepr-show]

INDUSTRIAL – 252 S. PLUMER AVE., TUCSON
Joseph Campbell Properties, LLC leased 1,900-square-feet at 252 S. Plumer Ave. in Tucson from Keller Associates, Inc.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – NW CORNER of I-19 and IRVINGTON RD., TUCSON
Express Locations, LLC, dba T-Mobile, leased 1,600-square-feet in the planned shopping center development at the northwest corner of I-19 and Irvington Road. The Landlord, Irvington Interstate Partners, LLC, was represented by Bourn Advisory Services, LLC and NAI Horizon.  David Hammack of Volk Company Commercial Real Estate represented Express Locations.

OFFICE – 2014 E. IRVINGTON RD., TUCSON
Pima County Democratic Party, leased 900-square-feet at 2014 East Irvington Road for the campaign headquarters of Daniel Hernandez for the State Legislature. The space is located within Centre Point Plaza, anchored by Food City. The landlord, Academy Medical Center, LLC, was represented by Aubrey Finkelstein with Vast Commercial Real Estate Solutions, LLC.  Kevin Volk of Volk Company represented the tenant, Pima County Democratic Party. [mepr-show rules=”58038″]Tenant Phone: 520.326.3716[/mepr-show]

OFFICE – 3131 N. COUNTRY CLUB RD., TUCSON
The Walden Group, LLC leased 714-square-feet at 3131 N. Country Club Rd., Suite 111 in Tucson from TDD Properties, Inc.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $13.00 SF/YR Modified Gross; Tenant Phone: 520.332.9700[/mepr-show]

OFFICE – 899 N. WILMOT RD., TUCSON
Advanced Dental Imaging, Inc. has renewed their current lease for an additional four (4) year term of 596-square-feet at 899 N. Wilmot Road, Suite E-7, from Holland Arizona Investments, LLC.  Lori Casey of Oxford Realty Advisors handled the transaction.[mepr-show rules=”58038″] Asking lease rate: $17.00 SF/YR Full Service; Tenant Phone: 520.790.0530[/mepr-show]




Phoenix Lease Report Aug. 8 – 12, 2016

Phoenix skyline 450x250 LEASE REPORTThe following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from August 8 thru 12, 2016

RETAIL – LAKE PLESANT CROSSING, PEORIA
Brian & Tom Woods- Colliers represented Village Inn on a 15-year lease with Cypress at Lake Pleasant Crossing NEC Lake Pleasant Parkway & Happy Valley Road, Peoria, AZ, 85383 for 4,441-square-feet.  Alan Houston of SRS represented the Landlord.  Signed in July 2016.

RETAIL – 1649 S. STAPLEY DRIVE, MESA
Brian & Tom Woods- Colliers represented Lenscrafters on a 10-year lease with Vestar Development Co.  at Mesa Grand 1649 S. Stapley Drive, Suite 107, Mesa, AZ, 85204 for 2,902-square-feet.  Traci Russell of CBRE represented the Landlord.  Signed in August 2016.

RETAIL – 3765 S. GILBERT RD., GILBERT
Brian & Tom Woods- Colliers represented Vestar on a 10 year lease with My Pie Pizza Your Way at Crossroads Towne Center 3765 S. Gilbert Road #103, Gilbert, AZ, 85234 for 1,750-square-feet.  Chris Osborn and Ryan Moroney of Newmark Grubb Knight Frank represented the Tenant.  Signed in June 2016.

RETAIL – 288 E. GREENWAY PKWY., PHOENIX
Brian & Tom Woods- Colliers represented Nexus Development  on a 5 year lease with Discount Nutrition  at Bell Towne Plaza 288 E. Greenway Parkway #104, Phoenix, AZ, 85022 for 1,879-square-feet.  Scott Spier of Eisenberg Company represented the Tenant.

RETAIL – 4050 S. ALMA SCHOOL, CHANDLER, 3529 S. POWER RD, MESA, 11050 S. ARIZONA AVE. CHANDLER
On behalf of Black Rock Coffee Bar, the Phoenix office of JLL has completed three leases as part of the company’s Arizona market entry. Black Rock’s first three Arizona coffee shops will be located in Chandler and Mesa, in the eastern portion of metro Phoenix. Each will offer specialty coffee beverages and breakfast and lunch options, delivered in a neighborhood-centric atmosphere. “Our teams are fueled by serving people,” said Black Rock Coffee Bar Arizona Regional Manager Bobby Kaufmann. “That makes every new store – and especially an expansion into an entirely new state – a true honor. We look forward to building our presence in Arizona, establishing quality connections with its residents and becoming a part of their stories.”

Black Rock Coffee Bar’s first Arizona locations are:

  •  4050 S. Alma School Rd. in Chandler (Alma School Road & Ocotillo Road), opening October 2016.
  • 5329 S. Power Rd. in Mesa (Power Road and Ray Road), opening November 2016.
  • 1150 S. Arizona Ave. in Chandler (Arizona Avenue and Loop 202), opening March 2017.

“Black Rock has selected three excellent locations for their Arizona roll-out,” said JLL Senior Vice President Tyson Switzenberg, who represented Black Rock Coffee Bar in its Arizona leases. “Each is a highly visible, free-standing or end-cap drive through location, in the heart of an active community and surrounded by popular retailers. They have successfully planted their flag in Arizona, with more locations to come.”  Based in Portland, Oregon, Black Rock Coffee Bar currently operates 32 company-owned and franchise stores in Oregon, Washington and California. It is expanding in each of these markets and expanding the Black Rock concept in other Western states via its three new locations in Arizona and two new stores planned in Idaho. In Phoenix, the company is still actively looking for additional locations, with plans to open several more stores in the Valley over the next 12 months. Black Rock store interiors feature an industrial, modern and clean aesthetic. Each location serves single origin coffee, roasted in small batches and medium to dark blends. In addition to coffee, Black Rock Coffee Bars offer local pastries, smoothies, drinks for kids, juices and blended coffee drinks.




Velocity Retail Group Finalizes 70 Transactions in First Half of 2016

MegaFurn_3150PatBooker_SATPhoenix, Arizona — The retail-focused real estate company of Velocity Retail Group had their hand in finalizing 70 transactions in the first half of 2016.  These transactions total almost 2 million square feet of retail space and land, and include 16 big box transactions, 16 sales transactions and 54 lease transactions.  Following are a few highlights of some of the activity:

Goodwill of Central Arizona, represented by Andy Kroot finalized 11 new leases totaling nearly 300,000-square-feet of space for new retail stores, donation centers and employment centers.

Mega Furniture, represented by Dave Cheatham finalized a new lease on South Military Way in San Antonio of almost 40,000-square-feet, bringing the retailer’s total store count to 19 in Arizona and Texas.

MattressFIrm_GilbertPopeye’s Louisiana Kitchen, represented by Darren Pitts and Dave Cheatham, purchased three parcels in Phoenix and Tucson to help expand their new retail concept.

Mattress Firm, represented by Darren Pitts added three new locations to their Phoenix area store count.

Other standouts include new locations for Circle K, and Francis and Sons Car Wash, both represented by Brian Gast, as well as La-Z-Boy of Arizona, represented by Darren Pitts all expanding their store counts throughout Arizona.

Shopping center listings that Velocity Retail Group represents had leasing activity of 340,000-square-feet in 20 different properties.  The leased spaces range in size from as large as 28,000 square feet to as small as 800 square feet in shopping centers located throughout the Phoenix metropolitan area.