TEMPE, ARIZONA (May 29, 2025) — In a recent retail investment transaction, Tempe Marquez LLC acquired the Vineyard Center, a 9,656-square-foot multi-tenant retail center located at 4325 S. 48th Street in Tempe, Arizona. The property was purchased from Tempe Plaza, LLC for $1.9 million.

The buyer, Tempe Marquez LLC, was represented by Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR in Tucson. Ruben Nach with R.O.I. Properties, LLC, represented the seller in the transaction.

Built in 1988, the center is situated just north of East Southern Avenue; Vineyard Center benefits from strong visibility and easy access to Interstate 10 and the surrounding Tempe-Phoenix metro area. The retail center is home to a mix of local service-oriented tenants, including a smoke and tobacco shop, a barber shop, and a beauty supply store. The property presents an attractive value-add opportunity in a high-traffic corridor, with tenants reportedly paying rents that are 22% below market rates.

The transaction highlights continued investor interest in well-located neighborhood retail centers, particularly those with repositioning or lease-up potential in core submarkets across the Valley.

For more information, please get in touch with Norwood at (520) 546-2733 or Nach at (602) 319-1326.

DOUGLAS, ARIZONA (May 28, 2025) – Excavating & Elite Services LLC has purchased 4.91 acres of industrial land located at Calle Suprema, Lot 8, in Douglas, Arizona. The strategic acquisition supports the company’s continued expansion in the region and enhances its ability to serve Southern Arizona’s growing infrastructure and development needs.

This site offers industrial zoning and easy access to key transportation corridors, making it an ideal location for operations tied to logistics, equipment staging, or construction support. The purchase aligns with ongoing growth in Cochise County’s industrial and trade sectors.

The transaction was handled by Denisse Angulo-Badilla, Commercial Specialist with Cushman & Wakefield | PICOR, and sold for just under $2,000 pr acre.

Denisse Angulo Badilla, an International Real Estate Specialist at PICOR Commercial Real Estate Services in Tucson, Arizona, handled the transaction.

To learn more, you can reach her directly at (520) 546-2736 or via email at [email protected].

TUCSON, ARIZONA (May 27, 2025) — A wide range of commercial lease transactions were completed across the Tucson metro area in recent weeks, spanning the industrial, office, and retail sectors. Activity reflects healthy demand across multiple submarkets, from distribution and warehouse users to professional offices and retail tenants.

Highlighted this week is the ETL Holdco’s lease of 34,680 square feet of industrial distribution space at 777 E MacArthur Suite 111, located in the Central Submarket handled by Jackson Kraft of CBRE and Max Fisher of BRD Realty.  This substantial lease underscores the ongoing demand for industrial facilities in Tucson, particularly in centrally located areas with strong transportation access.

From May 19 to 23, 2025, a total of 70,509 square feet in new leases, approximately 56.4% Industrial, 26.9% Office, and 15.3% Retail, were reported to the Real Estate Daily News.

INDUSTRIAL – 777 E MacArthur, Tucson, AZ 85705 – Central Submarket
ETL Holdco leased 34,680 SF of distribution space at 777 E MacArthur Suite 111 from MacArthur Investments LLC. Jackson Kraft, CBRE represented the tenant and Max Fisher, BRD Realty represented the landlord.

OFFICE – 1650 E River Rd, Tucson, AZ 85718 – Northeast Submarket
CBRE’s David Montijo, Rob Waller, Mark Sprague, Patrick Amos, and Kyle Mazade represented KB Home Tucson, Inc., in a new 12,728-square-foot lease at 1650 East River Road. Montijo also represented the landlord, Mesquite Properties LLC.

RETAIL – Oro Valley Marketplace, Tucson, AZ 85737 – Northwest Submarket
CBRE’s Ryan Hall represented Gracie Barra Oro Valley in renewing a 3,999-square-foot lease at Oro Valley Marketplace in Tucson, AZ. TownWest Realty represented the landlord.

RETAIL – 3925 E Grant Rd, Tucson, AZ 85712 – Northeast Submarket
CBRE’s Nancy McClure represented the landlords of Northgate Plaza Shopping Center, STROMIGA GP, and ROLL-IT LLC in negotiating a new 2,692 sq. ft. retail lease for Fred Loya Insurance’s new office in the Walmart Neighborhood Market-anchored center at 3925 East Grant Road.

OFFICE – 5601 N Oracle Rd, Suite 211, Tucson, AZ 85704 – Northwest Submarket
CBRE’s Bruce Suppes represented the landlord, Far Moon Properties LLC, in a new 2,450 sq. ft. lease at 5601 North Oracle Road, Suite 211, for Clark Wellness, which Douglas Delsanter of Morrow Hill represented.

INDUSTRIAL – 8075 E Research Ct, Suite 111, Tucson, AZ 85710 – East Submarket
Dynamic Manufacturing and Engineering leased a 2,201-square-foot office/warehouse from Research Investors LLC at 8075 E Research Court, Suite 111. Andrew Keim, PICOR, represented the tenant, and Max Fisher, BRD Realty, represented the landlord.

RETAIL – 8808 E Broadway Blvd, Tucson, AZ 85710 – East Submarket
CBRE’s Jesse Peron and Peter Villaescusa LLC represented the landlord, Broadway East Plaza LLC, in a new 2,100-square-foot lease at 8808 East Broadway Blvd.

RETAIL – 3122 N Campbell Ave, Suite 120, Tucson, AZ 85719 – Central Submarket
Cox Communications leased 1,977 square feet of retail space at Copper Plaza, 3122 N. Campbell Ave., Suite 120 in Tucson from 3122 North Campbell Ave., LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Tanya Tucker with Citywide Commercial Real Estate represented the tenant.

OFFICE – 235 W Giaconda Way, Suite 233, Tucson, AZ 85704 – Northwest Submarket
Healthy Naturally You, LLC leased 1,235 square feet of office space at Giaconda Offices, 235 W. Giaconda Way, Suite 233 in Tucson, from Giaconda 205 Partners, LLC. Thomas J. Nieman, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Bruce Suppes with CBRE, Tucson, represented the tenant.

INDUSTRIAL – 3860 S Palo Verde Rd, Suite 311, Tucson, AZ 85714 – South Submarket
Ethan Wolf leased 1,182 square feet of industrial space at Palo Verde Business Center, 3860 S. Palo Verde Rd., Suite 311 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 2530 E Broadway Blvd, Suite G, Tucson, AZ 85716 – Central Submarket
Tucson Naturopathic and Regenerative Medicine PLLC leased 1,129 square feet of office space at Broadway Midtown Plaza, 2530 E. Broadway Blvd., Suite G in Tucson, from LLJ Holdings, LLLP. Molly Mary Gilbert, CCIM, and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 5671 N Oracle Rd, Suite 2105, Tucson, AZ 85704 – Northwest Submarket
CBRE’s Bruce Suppes represented Annie Pafford in a new 1,100 sq. ft. lease at 5671 North Oracle Road, Suite 2105. Zach Fenton of 5671 Investments LLC represented the Landlord.

INDUSTRIAL – 3823 N Oracle Rd, Tucson, AZ 85705 – Central Submarket
Maxim Electric leased a 1,000-square-foot office/warehouse at 3823 N Oracle from Tesoro Enterprises LLC. Max Fisher, BRD Realty handled this transaction.

INDUSTRIAL – 2430 W Ruthrauff Rd, Suite 134, Tucson, AZ 85705 – Central Submarket
Advanced Print Management LLC renewed its lease with Pegasus Tucson Owner LLC for 680 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 134 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 1955 W Grant Rd, Executive Suite Y, Tucson, AZ 85745 – West Submarket
Hutch Companies, LLC, leased 326 square feet of office space at West Grant Centre, 1955 W. Grant Rd., Executive Suite Y in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Eric Hutchens with Hutch Companies, LLC, represented the tenant.

Submit sales and leases to [email protected].