Tucson Commercial Lease Report December 4-8, 2023

TUCSON, ARIZONA, December 11, 2023, — Highlighted this week are two industrial spaces. NEFAB Packaging West, LLC leased 81,000 square feet of industrial space at 2020 W. Prince Rd., Suite C in Tucson handled by Cushman & Wakefield | PICOR, Greg Furrier, Principal and Paul Hooker, representing the landlord and  Hagen Hyatt with JLL – Jones Lang LaSalle Americas, Inc. representing the tenant.

The following leases were reported to Real Estate Daily News from December 4-8, 2023.

INDUSTRIAL – 2020 W PRINCE RD., TUCSON, 85705 – Central Submarket
NEFAB Packaging West, LLC leased 81,000 square feet of industrial space at 2020 W. Prince Rd., Suite C in Tucson, from Prince Rd Distribution, LLC. Greg Furrier, Principal and Paul Hooker, SIOR, Principal with Cushman & Wakefield | PICOR, represented the landlord. Hagen Hyatt with Jones Lang LaSalle Americas, Inc. represented the tenant.

GROUND LEASE – 1900 E GRANT RD., TUCSON, 85719 – Central Submarket
Starbucks Corporation leased 1.05 acres of land at 1900 E. Grant Rd. at Campbell in Tucson, from CGM Retail Partners, LLC. Greg Furrier and Rob Tomlinson with Cushman & Wakefield | PICOR handled the transaction.

INDUSTRIAL – 4605 D PALO VERDE RD., TUCSON, 85714 – South Submarket
Lifestyle Additive Manufacturing, LLC leased 4,980 square feet of industrial space at Butterfield Business Park, 4605 S. Palo Verde Rd., Suite 605-607 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 3708 S 16TH AVE., TUCSON, 85713 – South Submarket
Andreas Castillo, Jeramy Price, and Joey Castillo of VOLK Company represented the Landlord, Santa Cruz Plaza AZ LLC, and AAVRPARIZ LLC., in its lease of approximately 4,800 square feet of space located at 3708 South 16th Avenue within Santa Cruz Plaza. Teresa Anaya of Realty One Group represented the tenant, Viva Performing Arts Center LLC.

RETAIL – 6330 N CAMPBELL AVE., TUCSON, 85718 – Northeast Submarket
Joey Castillo of VOLK Company represented the tenant, Lavender Fitness Center I, LLC, in its lease of approximately 4,058 square feet of space at 6330 N Campbell Avenue #110 from Paloma Village DE, LLC.  This is the third lease in which Castillo has represented the tenant, who operates BFT, Body Fit Training, an up-and-coming fitness gym that offers fun, progressive workouts and a perfect mix of cardio and strength.  Natalie Furrier of PICOR represented the landlord.

OFFICE – 3275 W INA RD., TUCSON, 85741 – Northwest Submarket
Capital Consultants Management Corporation leased 3,222 square feet of office space at Ina Corporate Center, 3275 W. Ina Rd., Suite 260 in Tucson, from CALDOR Investments of Arizona, LLC. Office Specialists with Cushman & Wakefield | PICOR handled this transaction. Thomas J. Nieman, Principal, represented the landlord. Jason Shaltiel represented the tenant.

RETAIL – EL RIO PLAZA SHOPPING CENTER, TUCSON, 85745 – West Submarket
Debbie Heslop of VOLK Company represented the landlord, LDR-Silverbell, L.L.C., in its lease of approximately 2,400 square feet at El Rio Plaza Shopping Center to CPT Silverbell and Speedway LLC.  Esperance Nasser of Tierra Antigua Realty represented the tenant who plans to open and operate Contact Physical Therapy.

OFFICE – 1775 W ST. MARY’S RD., TUCSON, 85745 – West Submarket
Dave Volk of VOLK Company represented the landlord, Tucson Mountain Medical Management Building Associates, L.L.C., in its lease of approximately 1,646 square feet of medical office space located at 1775 West St. Mary’s #111 to Green Mountain Health Care, LLC.  Terry Lavery of Realty Executives Arizona Territory represented the tenant.

RETAIL – 9420 E GOLF LINKS RD., TUCSON, 85730 – East Submarket
Andreas Castillo, Joey Castillo, and Jeramy Price of VOLK Company represented the Landlord, D and D Properties Group Management, LLC, in its lease of approximately 1,200 square feet at 9420 E Golf Links #104. Juan Pantoja of Grimm Commercial represented the Tenant, S&M’s Boba Jobs, LLC.  This is the second location for S&M’s Boba Jobs, who operates as Boba Cucue.

RETAIL – VENTANA VILLAGE SHOPPING CENTER, TUCSON, 85750 – Northeast Submarket
Banhdicted LLC leased 1,200 square feet of retail space at Ventana Village Shopping Center, at the SWC of Sunrise & Kolb in Tucson, from EREP Ventana II, LLC. Dave Hammack, Principal Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Andreas Castillo with Volk Company represented the tenant.

RETAIL – 6878 E SUNRISE DR., TUCSON, 85750 – Northeast Submarket
Andreas Castillo of VOLK Company represented the Tenant, Banhdicted, LLC., in its lease of approximately 1,200 square feet of restaurant space at 6878 E Sunrise Dr, Suite 150 from EREP Ventana II, LLC.  Dave Hammack of PICOR represented the landlord.  This is the second location for Banhdicted, which is known for its delicious and premium quality Vietnamese sandwich called Banh mi and Taiwanese boba milk tea.

OFFICE – 1430 E FORT LOWELL RD. TUCSON, 85719 – Central Submarket
Scott Sheftel M.D., P.L.C., and Sheftel and Associates Dermatology, L.L.P. leased 1,544 square feet of office space at 1430 E. Fort Lowell Rd., Suite 120 in Tucson, from AEH Investors VI, LLC, PMH Investors VI, LLC, AEH Investors VII, LLC, PMH Investors VII, LLC, and Hazen Enterprises, Inc. Jason Shaltiel, Thomas J. Nieman, Principal, and Bryce Horner, with Cushman & Wakefield | PICOR, represented both parties.

RETAIL – 181 S TUCSON BLVD., TUCSON, 85716 – Central Submarket
Lovlee LLC leased 958 square feet of retail space at Broadmoor Center, 181 S. Tucson Blvd., Suite 103 in Tucson, from 181 S Tucson LLC. Molly Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Diane Carlson and Ryan Hall with CBRE, Tucson, represented the tenant.

RETAIL – 2351 N ALVERNON WAY, TUCSON, 85712 – Northeast Submarket
Pet Grooming mi Mundo LLC leased 750 square feet of retail space at 2351 N. Alvernon Way, Suite 185 in Tucson, from Maqsoodand Sons LLC. Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant. Robert Nolan with Oxford Realty Advisors represented the landlord.

INDUSTRIAL – 3941 E 29TH ST., TUCSON, 85711 – East Submarket
Pacific Rim HVAC & Repair, LLC leased 750 square feet of industrial space at Midpoint Business Plaza, 3941 E. 29th St., Suite 605 in Tucson, from Pegasus Tucson Owner LLC. Agents with Cushman & Wakefield | PICOR handled this transaction. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists, represented the landlord. Kameron Norwood represented the tenant.

OFFICE – 4595 S PALO VERDE RD., TUCSON, 85714 – South Submarket
Healthlinx, Inc. renewed its lease with Pegasus Tucson Owner LLC for 720 square feet of office space at Butterfield Business Park, 4595 S. Palo Verde Rd., Suite 533, in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RENEWED

OFFICE – 1951 N WILMOT RD., TUCSON, 85712 – Northeast Submarket
TMC Medical Network renewed its lease with Pulmonary Building Holding Corporation for a 5,360-square-foot medical office at Wilmot Office Park, 1951 N. Wilmot Rd., Bldg. 4 in Tucson. Richard M. Kleiner, MBA, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant. Bonnie Aaronson with Oxford Realty Advisors represented the landlord.

INDUSTRIAL – 2045 N FORBES BLVD., TUCSON, 85745 – West Submarket
1912 Brewing Company LLC renewed its lease with Pegasus Tucson Owner LLC for 3,580 square feet of industrial space at Broadbent Business Center, 2045 N. Forbes Blvd., Suite 105 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 1521 E TANGERINE RD., ORO VALLEY, 85755 – Northwest Submarket
United Urology Group renewed its lease with Oro Valley 1521 APL MP, LLC for a 3,408-square-foot medical office at Oro Valley Hospital, 1521 E. Tangerine Rd., Suite 209 in Oro Valley. Richard M. Kleiner, MBA, Principal, Office Specialist with Cushman & Wakefield | PICOR, and Lindsey Groom with Cushman & Wakefield, Washington, DC, represented the tenant.

OFFICE – 6400 E GRANT RD., TUCSON, 85715 – Northeast Submarket
BH Security, LLC renewed their lease with La Miranda, LLC for 3,231 square feet of office space at Courtyard Center, 6400 E. Grant Rd., Suite 270 in Tucson. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 4465-4475 S I-19 FRONTAGE RD., GREEN VALLEY, 85614 – South Submarket
Valley ENT, P.C. renewed their lease with TMC Holdings, Inc. for 3,191-square-foot medical office at Santa Cruz Hospital Medical Offices, 4465-4475 S. I-19 Frontage Rd., Suite 285 in Green Valley. Richard M. Kleiner, MBA, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Mark Irvin with Mark Irvin Commercial Real Estate Services, LLC, represented the tenant.

Submit sales and leases to REDailyNews@outlook.com




Gospel Rescue Mission Finds Expansion Space in Flex Industrial Building

TUCSON, AZ (December 8, 2023) – Tucson’s Gospel Rescue Mission (GRM) is expanding after purchasing the industrial/flex building at 3481 E Michigan Street in Tucson.  Located off Palo Verde and Michigan in the Palo Verde Industrial Park, Paragon Space Development Corporation previously occupied the 19,231-square-foot building on 1.35 acres most recently.

Built in 1994, the property is .2 mile, within walking distance, from the Center of Opportunity at 4550 S Palo Verde Road.

The assets sold for $1.9 million ($99 PSF).

GRM has no further space to grow at the Center of Opportunity Campus. On Tuesday, Catholic Community Services held a ribbon cutting for a new medical respite center for people experiencing homelessness that was built on the final piece of excess land on the Center of Opportunity campus. The new respite center will have 48 beds and be operational sometime in Q1 2024.

With homelessness continuing to grow, the Gospel Rescue Mission needed more space. They plan to use the new building for warehouse/storage for their thrift store and possibly training rooms.

Gospel Rescue Mission recently partnered with Pima Community College to help people earn their GED while attending PCC and workforce training programs to help individuals get out of homelessness and be self-sufficient. Areas of training include information technology, culinary arts, automotive technology and more.

For more information about Gospel Rescue Mission or to donate go to Nonprofit Donation Tucson | Gospel Rescue Mission (grmtucson.com). Gospel Rescue Mission qualifies for the Arizona Charitable Tax Credit.

To learn more about this transaction, see RED Comp #10980.




Tucson Industrial Building Sells to Re-Lease for $1.3 MIllion

TUCSON, AZ (December 7, 2023) — Sunstone Partners III, LLC of Westlake Village, CA (Melvin Zuckerman, manager) purchased the 12,412-square-foot industrial building at 3818 S. Evans Blvd. in Tucson from Farmer Bros Co. of Northlake, TX (Charles Marcy, director) for $1,300,000 (105 PSF).

Built in 1987, the building includes a warehouse and office area with two grade-level roll-up doors and eight parking spaces on a .72-acre lot near the southwest corner of Ajo and Park Ave.

The seller, a national coffee roaster, occupied the property for Farmer Brothers Coffee. They offer businesses coffee, tea, culinary, and equipment solutions and are direct distributors to restaurants, hotels, casinos, offices, quick service restaurants, convenience stores, healthcare facilities, and other food service providers. They also offer beverage equipment sales, service, spices, bases, and other culinary products to businesses. They have local Route Sales Reps who know the market and are always available to help meet your beverage and food service needs.

Stephen D. Cohen, Principal & Industrial Specialist with Cushman & Wakefield | PICOR, and Rusty Smith, with Cushman & Wakefield in Long Beach, represented the seller.

Cohen also has the contract to lease the building with a new tenant.

For additional information, Cohen should be reached at 520.546.2750.

To learn more, see RED Comp #11004.