TUCSON, AZ (JAN. 19, 2026) — The Tucson Lease Report activity totaled 63,190 square feet for the week, including 19,740 square feet of industrial space, 35,258 square feet of retail, and 8,192 square feet of office space (including renewals).

The largest retail lease was Guardian Pharmacy of Tucson, LLC, a 17,733-square-foot lease at The Shoppes at Oracle, represented by Paul Hooker, SIOR (Cushman & Wakefield | PICOR) and Steven Taylor (Cushman & Wakefield U.S., Inc. – Atlanta) for the tenant, and Robert Nolan (Oxford Realty Advisors) for the landlord. The largest industrial lease was Turf Paradise LLC at 5,250 square feet at Park Avenue Industrial Center, represented by Gerardo Acosta (Real Broker AZ, LLC) for the tenant and Robert C. Glaser, SIOR, CCIM (Cushman & Wakefield | PICOR) for the landlord. The largest new office transaction was the Jade Star Acupuncture & Wellness at 1,466 square feet in Green Valley, represented by Batoun Herrington (Branel Real Estate Company) for the landlord, and Molly Mary Gilbert, CCIM (Cushman & Wakefield | PICOR).

The following leases were reported to the Real Estate Daily News for the week of January 12–16, 2026.

RETAIL – 8500 N. ORACLE RD., TUCSON, 85704, NORTHWEST SUBMARKET
Guardian Pharmacy of Tucson, LLC leased 17,733 square feet of retail space at The Shoppes at Oracle, 8500 N. Oracle Rd., Bldg. 3 in Tucson from Shoppes at Oracle Road, LLC. Paul Hooker, SIOR, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, and Steven Taylor with Cushman & Wakefield U.S., Inc. – Atlanta, represented the tenant. Robert Nolan with Oxford Realty Advisors represented the landlord.

INDUSTRIAL – 4700 S. PARK AVE., TUCSON, 85714, SOUTH SUBMARKET
Turf Paradise LLC leased 5,250 square feet of industrial space at Park Avenue Industrial Center, 4700 S. Park Ave., Suite 8-9 in Tucson from Ohio Street Building No. 2 Ltd. LLLP. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. Gerardo Acosta with Real Broker AZ, LLC, represented the tenant.

RETAIL – SWC OF 22ND ST. & PARK AVE., TUCSON, 85713, SOUTH SUBMARKET
Pineda’s Tire Shop, LLC leased the 3,948 square foot freestanding building located at the SWC of 22nd & Park in Tucson from Ashton Properties 1, LP. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 6960 E. SUNRISE DR., TUCSON, 85750, NORTHEAST SUBMARKET
1922 Foothills Partners, LLC leased 3,600 square feet of retail space at Shops at Ventana, 6960 E. Sunrise Dr., Suite 110 in Tucson from Sunrise & Kolb East LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 3518 CANYON DE FLORES, SIERRA VISTA, 85650, COCHISE COUNTY
Starworld Academy of Tang Soo Do leased 3,525 square feet of retail space at 3518 Canyon de Flores, in Sierra Vista, from LHJD Investments, LLC. Greg Furrier and Natalie Furrier with Cushman & Wakefield | PICOR represented the landlord. Michelle Hagele with Long Realty Company represented the tenant.

RETAIL – 3105 N. CAMPBELL AVE., TUCSON, 85719, CENTRAL SUBMARKET
Shake Shack leased 3,152 square feet at 3105 N Campbell Avenue in Tucson in Larsen Baker’s new development project on Campbell known as “The Ave,” anchoring the project on the east end cap along Campbell Avenue. Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the landlord and handled the transaction.

RETAIL – 3105 N. CAMPBELL AVE., TUCSON, 85719, CENTRAL SUBMARKET
Paris Baguette leased 3,300 square feet at 3105 N Campbell Avenue in Tucson in Larsen Baker’s “The Ave,” a French-style bakery new to Tucson on the west end cap. Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the landlord and handled the transaction.

OFFICE – 1151 S. LA CANADA DR., GREEN VALLEY, 85614, SOUTH SUBMARKET
Jade Star Acupuncture & Wellness leased 1,466 square feet of office space at 1151 S. La Canada Dr., Suite 103 in Green Valley, from Continental Professional Plaza, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant. Batoun Herrington with Branel Real Estate Company represented the landlord.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON, 85705, CENTRAL SUBMARKET
Sensual Extensions LLC leased 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 37 in Tucson, from Pegasus Tucson Owner, LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 7290 E. BROADWAY BLVD., TUCSON, 85710, EAST SUBMARKET
Sarah Whittier dba Tranquility Peace Massage leased 1,169 square feet of office space at 7290 E. Broadway Blvd., Suite 142 in Tucson, from Swan Court, LLC. Ryan McGregor and Molly Mary Gilbert, CCIM, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Cameron Casey with Oxford Realty Advisors represented the tenant.

INDUSTRIAL – 140 S. CAMINO SECO, TUCSON, 85710, EAST SUBMARKET
Formula Concrete leased 1,000 square feet in Suite 405, at 140 S Camino Seco, Tucson, AZ 85710. Michelle Ward and Isaac Figueroa, CCIM, SIOR with Larsen Baker represented the landlord and handled the transaction.

OFFICE – 1955 W. GRANT RD., TUCSON, 85745, WEST SUBMARKET
Sonoran Process Equipment Company leased 165 square feet of office space at 1955 W. Grant Rd., Executive Suite U in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RENEWALS

INDUSTRIAL – 1665 E. 18TH ST., TUCSON, 85719, CENTRAL SUBMARKET
Arizona Building Improvements, LLC renewed its lease with SBC Investors, LLC for 3,030 square feet of industrial space at Tucson Tech Park, 1665 E. 18th St., Suite 114, in Tucson. Alex Demeroutis and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON, 85712, NORTHEAST  SUBMARKET
Tacobocci, LLC renewed its lease with Pegasus Tucson Owner LLC for 2,730 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 21 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 3501 E. SPEEDWAY BLVD., TUCSON, 85716, CENTRAL SUBMARKET
Martin, White & Griffis Structural Engineers, Inc. renewed its lease with Monte V, LLC for 2,458 square feet of office space at Monte V Corporate Center, 3501 E. Speedway Blvd., Suite 255, in Tucson. Alexis Corona and Richard M. Kleiner, MBA, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 3845 N. BUSINESS CENTER DR., TUCSON, 85705, CENTRAL SUBMARKET
MedEvals, LLC renewed its lease with Pegasus Tucson Owner, LLC for 1,890 square feet of office space at North Tucson Business Center, 3845 N. Business Center Dr., Suite 111 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3210 S. DODGE BLVD., TUCSON, 85713, SOUTH SUBMARKET
Soncrant Enterprises, Inc., dba Furniture Rescue, renewed its lease with Pegasus Tucson Owner LLC for 1,800 square feet of industrial space at South Dodge Business Center, 3210 S. Dodge Blvd., Suite 9, in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 1870 W. PRINCE RD., TUCSON, 85705, CENTRAL SUBMARKET
Tucson Customs LLC renewed its lease with Pegasus Tucson Owner LLC for 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 2 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3631 E. 44TH ST., TUCSON, 85713, SOUTH SUBMARKET
Plumbologist, LLC renewed its lease with Pegasus Tucson Owner LLC for 1,346 square feet of industrial space at South Dodge Business Center, 3631 E. 44th St., Suite 165 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 5151 E. BROADWAY BLVD., TUCSON, 85711, EAST SUBMARKET
Superior Protection Services Inc renewed its lease with KCI Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont Broadway, LLC, Tucson 5151 Investments, LLC for 1,044 square feet of office space at 5151 E. Broadway Blvd., Suite 1530 in Tucson. Mark Isenberger with Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 2410 W. RUTHRAUFF RD., TUCSON, 85705, CENTRAL SUBMARKET
Equus Management Company AZ, LLC renewed and expanded its lease with Pegasus Tucson Owner, LLC for a total of 904 square feet of industrial space at Ruthrauff Commerce Center, 2410 W. Ruthrauff Rd., Suites A, B, C, & L in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON, 85712, NORTHEAST SUBMARKET
Desert Sunset Products & Services LLC dba Cartridge World Tucson renewed its lease with Pegasus Tucson Owner LLC for 800 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 75 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected].

TUCSON, AZ (January 19, 2026) – The February Trend Report was released today. Here’s the editorial from it. If 2025 was the year Southern Arizona learned to live with volatility, 2026 is shaping up to be the year we learn to clarity creates capital. The distinction matters because confidence is not the same as optimism. Confidence is what happens when buyers, lenders, developers, and operators can underwrite the next 24 to 36 months without feeling like the ground is shifting under their feet.

This month’s Finance Trends theme, “CRE Finance Positioned for a Productive Year,” lands at exactly the right moment for our region. Capital is still more expensive than it was in the prior decade, but the central question has changed. For many deals, it’s no longer “Is financing available?” It’s “Which structures will win approval, and what has to change for the project to pencil under today’s rents, costs, and absorption?”

Our cover story and lead finance feature reinforce what we’ve been hearing repeatedly in deal rooms, rate volatility challenged the market, but debt liquidity never disappeared. In other words, money didn’t vanish, it became more selective, more disciplined, and more focused on fundamentals. And that’s not a bad thing. When underwriting returns to basics, markets with durable demand drivers tend to separate from markets running on hype. Tucson’s diversified base, advanced manufacturing, logistics, health care, education, energy storage, and leisure and hospitality, continues to give lenders a story they can support, especially as benchmarks stabilize and debt service math becomes more predictable.

The macro-outlook featured in this issue points to the same theme, stability. The inflation discussion suggests a “tamer” trajectory, still above target, but far removed from the shock levels that rattled underwriting in 2022 to 2023. If inflation remains contained, the path opens for more competitive spreads and better transaction velocity. We’re already seeing lenders lean back in, not only traditional banks, but also insurance companies, agency executions for multifamily, and a more confident CMBS market when deals are structured cleanly.

But the most useful framework in this issue may be the simplest, the financing gap. Many projects are pausing not because debt is unavailable, but because the return math, underwriting math, and risk math don’t line up without added structure. That is exactly why 2026 looks like a year of strategy, not stagnation. The deals that are penciling tend to share the same traits, structural demand, phased scope, disciplined scheduling, deeper or smarter equity, and incentives secured early enough to matter in underwriting. That’s not theory, it’s the new playbook.

We also can’t ignore how policy clarity changes behavior. In the tax coverage, the message is straightforward, certainty creates planning runway. Bonus depreciation mechanics, acquisition timing, cost segregation strategy, and the forward posture of Opportunity Zones aren’t academic talking points, they’re levers that can influence development feasibility, renovation decisions, and hold and sell timing. In a market where spreads and costs still matter, tax strategy becomes another tool to close gaps and unlock activity.

Finally, the economic forecast perspective reminds us that 2026 may not be a dramatic acceleration, but incremental improvement is still improvement. For Tucson, the story remains tied to anchors that influence wage growth, workforce formation, and long-run investment, the University of Arizona, RTX (Raytheon), and the broader health care engine that continues to expand across Arizona. When policy uncertainty fades, hiring and investment tend to follow. And when hiring and investment follow, real estate fundamentals strengthen, and lenders loosen.

So here’s my editorial conclusion for the year ahead: Tucson’s 2026 finance environment isn’t “easy,” it’s workable. And workable is powerful because it’s actionable. Capital is available. Competition among debt sources is returning. But the winners will be the sponsors who bring clarity, disciplined budgets, realistic rents, credible lease-up assumptions, and capital stacks built for today, not for the last cycle.

Clarity doesn’t happen in a vacuum. It’s built through shared perspective, data, and honest conversations about what is working, and what needs to change. Thanks to all who shared their insights on this issue, and sincere appreciation to our production team, Patti vanLeer, Michael Rossmann, and Jack Paddock, for their consistent support and meticulous attention to detail.

Looking ahead, don’t miss our March issue, Residential Development Trends. As always, we welcome your feedback and contributions, visit TrendReportAZ.com and click “Connect” to get in touch.

Karen Schutte
Managing Editor, TREND Report

TUCSON, AZ (January 13, 2026) – Eastpoint Marketplace, a neighborhood shopping center at 6964 E. 22nd Street at Kolb Road on Tucson’s Eastside, has sold for $12.85 million ($224.51 PSF) in an investment transaction that closed December 29, 2025.

The property totals 57,235 square feet on 5.81 acres and was built in 1988.

Tucson Newcrest LLC, c/o Prodige Investments LLC (Gilbert, Arizona), acquired the center from Eastpoint Kolb Additional Investors LLC. Rob Tomlinson with Cushman & Wakefield | PICOR represented both buyer and seller.

As leasing agents for the center (and part of the long-term ownership group), Greg Furrier and Natalie Furrier describe a value-oriented tenant mix led by Dollar Tree, with other key draws including Vantage West Credit Union and Jerry Bob’s Restaurant, alongside service and food tenants such as Subway, Supercuts, and H&R Block.

The long-time ownership group said the center has been actively upgraded since 2022. They cited a series of tenant and pad improvements, including moving Starbucks into a former Boston Market pad they acquired separately about three years ago. The Starbucks pad was sold roughly two years ago and was not part of the Eastpoint Marketplace sale. The original in-center Starbucks location, which operated for about 20 years, is now occupied by Vantage West Credit Union. The sellers also said they acquired the old Jack in the Box pad on Kolb Road and developed a Salad and Go building; that building remains separately owned by the partners and was not included in the sale.

Other changes cited include replacing the Kolb Road end cap space that was originally Blockbuster – first with Brushfire BBQ and, more recently, Anchor Bar, and upgrading the merchandising mix by replacing Factory 2U with Dollar Tree as an anchor.

Ownership also pointed to the center’s visibility at a high-traffic intersection – estimated at more than 100,000 vehicles per day – and to continued strength in the surrounding retail node. They noted that McDonald’s purchased and redeveloped the former Chevron station at the corner (not previously owned by the center), and that the nearby Fry’s store has been remodeled three times during their ownership; the store was originally built as a Smith’s grocery store.

For more information, contact Tomlinson at 520.546.2757.

Source: RED Comp #12277