TUCSON, AZ (October 4, 2025) – A Filiberto’s Mexican Food restaurant located at 1987 W. River Road in Tucson has sold for $2,562,227 to Lyon & Lyon, Inc. of San Diego, California, in a 1031 Exchange. The seller was Oneten REI.

The newly constructed property is leased to Filiberto’s Mexican Food under a 20-year absolute net lease, providing the buyer with long-term, stable income. The quick-service restaurant chain operates numerous locations throughout Arizona and the Southwest, known for its authentic Mexican fare and 24-hour service.

Situated near La Cholla Boulevard and River Road, the location benefits from high traffic counts and a strong mix of nearby national retailers, including Fry’s Food & Drug, Planet Fitness, and Dutch Bros Coffee.

The transaction was brokered by Echo West Capital Advisors, with Ryan Moroney (Partner), Tim Westfall (Partner), and Jack McAndrew (Vice President) representing the parties.

This acquisition adds to Lyon & Lyon’s expanding portfolio of net-leased restaurant and retail properties across the Western United States.

Source: RED Comp #12134

AVONDALE, Ariz. (November 4, 2025) – Harvard Investments officially closed on a 1.74-acre parcel for a new Circle K at its master-planned community of Verde Trails, located at the SWC of Broadway Road and 107th Avenue in Avondale, Arizona.

The site will feature a one-story Circle K convenience store along with fueling stations, marking a significant milestone in the commercial development of Verde Trails.

This Circle K represents the first closing for four commercial parcels within Verde Trails and is expected to serve as a catalyst for future development across the remaining three parcels. Its strategic location on a hard corner and proximity to residential neighborhoods positions it as a key amenity for the growing community, enhancing both convenience and connectivity.

As part of the development agreement, Harvard Investments will install offsite right-turn lanes to improve access into the commercial area, along with limited onsite improvements to support utility infrastructure and site accessibility. These enhancements will help pave the way for future commercial tenants and services.

“We diligently worked with the City of Avondale and Circle K to bring this opportunity to closing. We wanted to be sure it well-served residents of the community and the area and we’re excited to begin the construction work,” said Roger Theis, Vice President of Development for Harvard Communities, the community development division of Harvard Investments.

“This is an important step in activating the commercial core of Verde Trails and reflects the strong collaboration between public and private partners committed to serving the community.”

Harvard Investments recently announced the successful sale of the final residential parcel within Verde Trails. The parcel consists of 110 single-family residential lots designed as a 6-pack cluster product on 45-foot by 55-foot lots, located at 107th Avenue and Broadway Road.

The property was sold to Clayton Properties Group, Inc., doing business as Oakwood Homes, a respected builder known for quality and innovation. Verde Trails now spans approximately 350 acres and includes 880± homes across a variety of lot sizes. A 6.5-acre commercial corner is designed to enhance the neighborhood with its planned retail offerings.

Verde Trails features homes by nationally recognized builders, including Ashton Woods, Lennar, Shea Homes, Meritage Homes, and Pulte Homes, offering a wide range of designs and lifestyles for residents.

TUCSON, AZ (November 3, 2025) — Tucson Commercial Lease activity slowed this week across the Tucson metro area, totaling 13,361 square feet of new and renewal leases. The largest transaction was Wave Form Med Tech’s 3,145-square-foot office/warehouse lease on West Grant Road, handled by Max Fisher of BRD Realty. The largest renewal was Argus Professional Storage Management’s 5,391-square-foot office renewal at Courtyard Center on East Grant Road, represented by Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR. Retail activity included new leases by Tucson Wellness, Me Latte Café, and Gadget Geeks Pro (Total Wireless), expanding neighborhood centers in Rita Ranch, St. Mary’s Plaza, and Valencia Road, respectively.

The following leases were reported to the Real Estate Daily News for the week of October 27 – October 31, 2025.

INDUSTRIAL – 1955 W. GRANT RD., SUITE 235, TUCSON, 85745, WEST SUBMARKET
Wave Form Med Tech LLC leased 3,145 square feet of office/warehouse space from West Grant Investors LLC. Max Fisher with BRD Realty handled the transaction.

RETAIL – THE SHOPPES AT RITA RANCH, NWC OF RITA & HOUGHTON, TUCSON, 85747, SOUTHEAST SUBMARKET
Tucson Wellness leased 1,440 square feet from GTT The Shoppes at Rita Ranch LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Jesse Peron with CBRE, Tucson, represented the landlord.

RETAIL – ST. MARY’S PLAZA, SEC OF ST. MARY’S & SILVERBELL, TUCSON, 85745, WEST SUBMARKET
Me Latte Café leased 1,260 square feet from Tucson St. Mary’s Plaza, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 2221 N. INDIAN RUINS RD., SUITE 121, TUCSON, 85715, NORTHEAST SUBMARKET
MB Operations leased 1,125 square feet from Ozam Investments, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – MANZANITA PLAZA, 3000 W. VALENCIA RD., TUCSON, 85746, WEST SUBMARKET
Gadget Geeks Pro, LLC dba Total Wireless leased 1,000 square feet at Manzanita Plaza at the NWC of Valencia Road and Cardinal Avenue. Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the landlord, and Tanya Tucker, with Citywide Commercial, represented the tenant.

RENEWAL

OFFICE – 6400 E. GRANT RD., SUITE 270, TUCSON, 85715, NORTHEAST SUBMARKET
Argus Professional Storage Management, LLC renewed its lease for 5,391 square feet at Courtyard Center from La Mirada, LLC. Richard M. Kleiner, MBA, Principal, and Alexis Corona, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected].