The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 5 thru 8, 2016.

OFFICE – 5431 E. WILLIAMS CIRCLE, TUCSON
Centene Management Company, LLC renewed their lease for 12,239-square-feet of office space at 5431 E. Williams Circle, Suite 101B in Tucson from BP WCTC Investors, LLC.  Rick Kleiner, Office Specialist with Cushman & Wakefield | PICOR, and Scott Bazoian with Cushman & Wakefield (St. Louis, MO.), represented the tenant.  Landlord represented themselves in this transaction.

RETAIL – 5975 W. WESTERN WAY CIRCLE, TUCSON
Gary Rife, dba Southwest Gun and Gold, leased approximately 2,096-square-feet of retail space at 5975 W. Western Way Circle, Suite 103, from Trinum Properties, LLC.  Frank Arrotta of Tucson Realty & Trust Co. represented both the Landlord and the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 SF/YR Modified Gross[/mepr-show]

RETAIL – 901 – 935 W. PRINCE ROAD, TUCSON
Shark Reef has leased a 2,062-square-foot space at Prince & Fairview Plaza, located on the SW corner of Prince Rd and Fairview Ave. The Premises will be used for the retail sale of aquatic products, fish tanks, fish and related services. They are scheduled to open for business September 2016. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]Tenant Phone: 520.965.7144[/mepr-show]

RETAIL – 5975 W. WESTERN WAY CIRCLE, TUCSON
Angel Jackson-Slye and Jewel Cummins, dba Top Hat Estate Sales, have expanded their business and leased approximately 1,600-square-feet of retail space at 5975 W. Western Way Circle, Suites 117 & 118, Tucson, Arizona, from Trinum Properties, LLC.  Frank Arrotta of Tucson Realty & Trust Co. represented both the Landlord and the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $14.00 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 850 E. OHIO ST., TUCSON
Reynaldo Robles leased 1,390-square-feet at 850 E. Ohio St., Suite 6 in Tucson from RRL, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 12090 N. THORNYDALE RD., TUCSON
UPS Store, Inc. leased 1,200-square-feet within the Tangerine Crossing Shopping Center at 12090 N. Thornydale Rd., Suite 110 in Marana, AZ., from Old Lobo Tang X, LLC.   Retail Specialists with Cushman & Wakefield | PICOR represented both parties in this transaction — Aaron LaPrise represented the landlord, and Rob Tomlinson and Greg Furrier represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $23.00 – $28.00 SF/YR NNN[/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from July 5 thru 8, 2016

INDUSTRIAL – 6200 WEST VAN BUREN ST., PHOENIX
OHL leased 295,695-square-feet at 10 West Logistics Center, located on the northwest corner of 59^th Avenue and Van Buren Street in Phoenix. 10 West Logistics Center is an 80 acre Class A master planned bulk distribution business park that will consists of over 1.3 million – square-feet at full build-out. Centered in Southwest Phoenix the lease transaction was handled by Andy Markham, SIOR, Will Strong and Mike Haenel of Cushman & Wakefield in Phoenix.

RETAIL – 20924 N. JOHN WAYNE PKWY., MARICOPA
NAI Horizon negotiated a long-term lease on behalf of the tenant, Planet Fitness, at 20924 N. John Wayne Parkway in Maricopa, AZ. The NAI retail properties team of Senior Vice President Chris Gerow, Senior Vice President Shelby Tworek, Vice President Gabe Ortega, and Retail Specialist Patrick Anthon represented PF Maricopa City LLC in the transaction totaling $3.417 million.  “Planet Fitness has been interested in a location in Maricopa for a couple of years. This site, next to one of the highest grossing Fry’s in the state, was a natural fit,” Gerow said. “The developer, Vintage Partners, understood our requirements and made the process easy. It was a great team with which to work. Planet Fitness is excited about opening early next year in Maricopa.”  The landlord, VP Edison 15 LLC, was represented by Ryan Leavitt and Brad Douglass with Cushman & Wakefield.

RETAIL – 3765 S. GILBERT RD., GILBERT
Brian & Tom Woods of Colliers International 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 of Colliers International 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.  Signed in June 2016.

Phoenix, AZ – CBRE has finalized the sale of Highland Park and Park View, two multifamily communities totaling 472 units and located in dynamic Tempe, Arizona. Together, the properties commanded a sale price $42.65 million ($90,360 per unit).

A joint venture sponsored by Scottsdale, Ariz.-based Everest Holdings purchased the communities from San Diego, Calif.-based Stratford Partners. Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch negotiated the transaction with CBRE’s Phoenix office.

“The extensive renovation programs recently completed at Highland Park and Park View distinguish the communities within their competitive set,” said CBRE’s Cunningham. “Additionally, the communities are located in a high barriers-to-entry submarket with minimal exposure to future multifamily supply risk. Coupled with strong submarket employment growth, both communities will benefit from strong demand for multifamily housing in Tempe going forward.”

Highland Park and Park View have far-reaching residential appeal. Both communities offer numerous attractive amenities including resort-style swimming pools with bocce ball courts, newly renovated clubhouses, gated access, upgraded fitness centers, and fenced dog parks. One-, two- and three-bedroom residences feature well-appointed kitchens, spacious walk-in closets, and private patios and balconies.