TUCSON, AZ (December 8, 2025) — This week’s Tucson Commercial Lease report activity totaled 53,469 square feet across Tucson, driven overwhelmingly by 51,680 square feet of renewals—an unusually high volume for a single reporting period. Renewals dominated this week’s activity, reflecting strong tenant retention across Tucson as companies prioritize stability heading into 2026.

Industrial renewals were led by QED’s 44,592-square-foot renewal at 777 E. MacArthur Cir. New leasing activity included a 2,135-square-foot retail lease at Heritage Plaza and a 654-square-foot office lease on Oracle Road.

The following leases were reported to the Real Estate Daily News for the week of December 1–5, 2025.

NEW LEASES

RETAIL – 2934 W. INA RD., TUCSON, 85741, NORTHWEST SUBMARKET
Compass Dental Management, LLC leased 2,135 square feet of retail/dental space at Heritage Plaza, located at the NWC of Ina and Shannon, anchored by LA Fitness and Goodwill. The space, formerly a dental office, will be updated for continued dental use. The landlord, Alturas Heritage Plaza, LLC, was represented by Isaac Figueroa, CCIM, SIOR, with Larsen Baker. Molly Gilbert represented the tenant with Cushman & Wakefield | PICOR.

OFFICE – 5931 N. ORACLE RD., SUITE 221, TUCSON, 85704, NORTHWEST SUBMARKET
Ruby Sandoval Photography, LLC leased 654 square feet of office space from SAN MARCOS PLAZA LLC. The landlord was represented by Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR.

RENEWALS

INDUSTRIAL – 777 E. MACARTHUR CIR., SUITE 151 & 161, TUCSON, 85719, CENTRAL SUBMARKET
Sonepar Mountain Holdings, LLC dba QED renewed its lease for 44,592 square feet of industrial space with MacArthur Investments, LLC. The tenant was represented by Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR.

INDUSTRIAL – 3220 S. DODGE BLVD., SUITE 7 & 3631 E. 44TH ST., SUITE 185, TUCSON, 85713, SOUTH
Old Pueblo Community Services renewed and expanded its lease with Pegasus Tucson Owner LLC for a total of 1,978 square feet at South Dodge Business Center. The landlord was represented by Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR.

INDUSTRIAL – 1870 W. PRINCE RD., SUITE 20, TUCSON, 85705, CENTRAL SUBMARKET
Arizona Pipeline Company renewed its lease for 1,440 square feet of industrial space at Exchange Place with Pegasus Tucson Owner LLC. The landlord was represented by Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR.

INDUSTRIAL – 245 S. PLUMER AVE., SUITE 21, TUCSON, 85719, CENTRAL SUBMARKET
Bergin Corp. renewed its lease with Pegasus Tucson Owner LLC for 1,200 square feet of industrial space at Commerce Plaza. The landlord was represented by Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR.

INDUSTRIAL – 3941 E. 29TH ST., SUITE 606, TUCSON, 85711, EAST SUBMARKET
Industrial Specialties Supply, Inc. renewed its lease with Pegasus Tucson Owner LLC for 790 square feet of industrial space at Midpoint Business Plaza. The landlord was represented by Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR.

INDUSTRIAL – 2430 W. RUTHRAUFF RD., SUITE 114, TUCSON, 85705, CENTRAL SUBMARKET
D.C.O. Custom Builders, LLC renewed its lease with Pegasus Tucson Owner LLC for 680 square feet of industrial space at Ruthrauff Commerce Center. The landlord was represented by Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR.

Submit sales and leases to [email protected].

TUCSON, AZ (December 8, 2025) — A four-unit retail strip center located at 4622–4628 E Speedway Blvd has sold for $1,500,000 in an investment transaction recorded November 18, 2025.

Built in 1963, the 10,277-square-foot property sits on 0.71 acres at the northeast corner of Speedway Blvd near Swan Road in the Old Pueblo Heights subdivision. The sale reflects $145.96 per square foot and $375,000 per unit. The center includes multiple retail bays, a pylon sign, and frontage along one of Tucson’s busiest commercial corridors.

The seller, Thorinsson II LLC of Carson City, Nevada, transferred the property to Speedway Tiendas Properties LLC, based in Green Valley, Arizona. The buyer’s representative listed in the recorded documents is Mr. Dwight David Lopez. The deal involved a private lender.

The site is zoned C-2 and includes three addresses: 4622, 4624, 4626, and 4628 E Speedway Blvd.

Source: RED Comp #12200

The Villas at 5850 on East 22nd Street, Tucson

TUCSON, AZ (December 5, 2025) — A 12-unit multifamily community along East 22nd Street has sold for $1,100,000 in a value-add investment transaction that reflects the continued strength of Tucson’s small-unit rental market. The property, known as Villas at 5850, includes six one-story duplex buildings constructed in 1954 and situated across four commercial-zoned parcels in the Craycroft Addition subdivision. The community features renovated one-bedroom, one-bathroom units with in-unit washer and dryer setups, private gated backyards, and a fully fenced lot. One unit was vacant at the time of sale.

The seller, Villas at 5850 LLC of Scottsdale, transferred the property to CT2 Properties LLC of Walnut Creek, California, in an investment sale recorded on November 7, 2025. With a price per unit of $91,666, the transaction underscores investor interest in stabilized, updated rental housing in established infill neighborhoods. The East Tucson submarket continues to attract out-of-state buyers seeking durable occupancy, steady rent performance, and properties well-positioned for long-term cash flow.

Joseph Bernard Investment Real Estate represented both sides of the transaction. Joe Chaplik acted for the seller, while Joe Boyle represented the buyer. For more information, Chaplik and Boyle can be reached at 480-305-5600.

Source: RED Comp #12194