TUCSON LEASE REPORT – SEPTEMBER 16-20, 2013

Real Estate Daily News LogoINDUSTRIAL – 4875 N. Shamrock, Tucson

Mark Polich leased 5,027 sq. ft. at 4875 N. Shamrock, Suite 111 in Tucson from Shamrock 3, LLC. Patrick Welchert, SIOR, Industrial Specialist with Cushman & Wakefield / PICOR represented the Landlord and Dave Blanchette with CBRE represented the tenant in this transaction.

RETAIL / WAREHOUSE – 1870 W. Prince Rd., Tucson

The following businesses leased space at 1870 W. Prince Road in Tucson from Presson Corporation:

SW Ironworks leased 3,600 sq. ft. in suites 52, 53, and 54. SW Ironworks is a custom manufacturer of wrought iron security doors, gates, enclosures and window guards. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord.  Terry Lavery with Tucson Realty & Trust Company represented the tenant.

RecoverCare, LLC leased 2,880 sq. ft. in Suite 18. RecoverCare is a provider of Bariatric Support Surfaces, Therapeutic Support Surfaces, Wound Care and Safe Patient Handling Equipment. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord.

RCC Holdings, dba Primera Interiors leased 1,440 sq. ft. in Suite 30.  Primera Interiors provides a complete line of flooring, countertops, cabinets, window treatments, tiles and stone in Arizona, Nevada and Colorado. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord.

RETAIL – 6261 N. Oracle Rd. Suite 101, Tucson

Robert Floyd, dba Bikram Yoga, has extended the lease of 2,815 sq. ft. at 6261 N. Oracle Rd. Suite 101 at the Oracle Village Plaza in Tucson.  Bikram’s stated mission is to ‘Create a friendly, healthy and safe environment that will encourage people at all ages, sizes, sexes and fitness levels to benefit from regular yoga practice in a state-of-the-art facility’. Rick Borane of Volk Company Commercial Real Estate in Tucson represented the landlord, Oracle Village Plaza, LLC, and Gordon Wagner of Coldwell Banker in Tucson represented the tenant.

OFFICE  – 3819 S. Evans Blvd., TUCSON

Canyon Health, LLC., leased 1,802 sq. ft. at 3819 S. Evans Blvd., Suites 304 & 305, in Tucson at the Ajo / Evans Business Park.  Canyon Health provides services in Pain management, Weight Management, Anti-aging & Longevity, for the overall improvement of your health.  Jeff Zellet, Commercial Specialist and Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield / PICOR represented the landlord in this transaction.

RETAIL – 190 S. Stratford Dr., suite 106, Tucson

Medicine of the People leased 1,764 sq. ft. at 190 S. Stratford Drive, Suite 106 in Tucson from Rich Rodgers Investment, Inc.  Medicine of the People offers herbal salves and creams, massage oils and tinctures made from native plants. Brandon Rogers, CCIM, Industrial Specialist with Cushman & Wakefield / PICOR represented the landlord and Tim DeNiro with Commercial Real Estate Group of Tucson represented the tenant.

INDUSTRIAL – 1321 W. Ajo Way, Tucson

Hussman Service Corp., has leased 1,730 sq. ft. at 1321 W. Ajo Way, Suite 115, Tucson.  The space is located within the Ajo Business Center, a retail and industrial project at Ajo Way and Benson Highway. Rick Volk of Volk Company Commercial Real Estate in Tucson represented the Landlord, Ajo Business Center LP.  Tricia Gumulka of Newmark Grubb Knight Frank represented the Tenant.

INDUSTRIAL – 8051 E. Lakeside Parkway, Tucson

JJ’s Woodworking leased 1,500 sq. ft. at 8051 E. Lakeside Parkway in Tucson, at the Lakeside Business Center, from Tesoro Enterprises, Inc. for custom woodworking.  Gary Emerson of GRE Partners, LLC handled the transaction for the landlord.

RETAIL – 5827 N. Oracle Road, Tucson

Glass Illusions Studio leased 1,320 sq. ft. at 5827 N. Oracle Road in Tucson at Placita del Norte Shopping Center.  Glass Illusions is a premiere fused glass & metal art gallery. Greg Furrier, Principal, Retail Specialist with Cushman & Wakefield / PICOR represented the landlord and Jeff Zellet, Commercial Specialist with Cushman & Wakefield / PICOR represented the tenant in this transaction.

RETAIL – 6960 E. Sunrise Dr., Tucson

Abbygrace, LLC has leased an additional 900 sq. ft. in the Shops at Ventana, 6960 E. Sunrise Dr. in Tucson, located at the southeast corner of Sunrise and Kolb.  The tenant operates The Abbey restaurant is currently in a 2,700 sq. ft. adjacent end cap and will use the additional space to expand the restaurant. The Abbey is owned by restaurateur Brian Metzger and takes simple comfort foods and evolves them into palette-pleasing meals.  The interior is filled with bookshelves, cozy booths, a chalkboard overhead for specials, and a candle on every table.  David Hammack of Volk Company Commercial Real Estate in Tucson represented the landlord, Sunrise & Kolb East LLC.

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[ismember]RCC Holdings – Primera Interiors, 1870 W. Prince, suite 30 – $59 cents gross

JJ’s Woodworks – 8051 E. Lakeside Pkwy – $7.20 – $10.80 / sf/yr

Canyon Health, LLC.,  – 3819 S. Evans Blvd., – 47cents sq. ft. / month NNN  [/ismember]

 




AUGUST CONSTRUCTION EMPLOYMENT INCREASED IN 26 STATES – ADDED JOBS IN 35 STATES FOR THE YEAR

Crosemont workersonstruction employment increased in 26 states between July and August and in 35 states for the year, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials cautioned however, that construction employment remains below peak levels in most states and warned of the potential impact of a halt in federal construction investments.

“While we would all like to see even more robust growth, it is encouraging that most states have a larger construction workforce today than they did a year ago,” said Stephen E. Sandherr, the association’s chief executive officer. “It will take a lot more growth, however, before construction employment levels return to their pre-recession levels in most places.”

South Dakota had the largest one-month percentage gain (6.7%, 1,300 jobs), followed by Vermont (3.7%, 500 jobs), Wisconsin (3.6%, 3,300 jobs) and Connecticut (3.0%, 1,600 jobs). California (7,700 jobs, 1.3%) added the largest number of jobs for the month, followed by New York (4,900 jobs, 1.6%), Florida (4,700, 1.3%) and Wisconsin. Employment was stable in Alabama and Maine.

Twenty-two states and the District of Columbia lost construction jobs between July and August. Oklahoma had the steepest percentage drop in construction employment for the month (-4.2%, -3,000 jobs), followed by Hawaii (-3.6%, -1,200 jobs), Nebraska (-2.7%, -1,200 jobs) and Utah (-2.6%, -1,900 jobs). Texas lost the largest number of jobs between July and August (-4,900 jobs, -0.8%), followed by Illinois (-4,100 jobs, -2.2%), Arizona (-3,100 jobs, -2.5%) and Oklahoma.

August 2012-August 2013 California added the most construction jobs for the year (29,100 jobs, 5.0%), followed by Texas (24,200 jobs, 4.1%), Florida (19,500 jobs, 5.7%) and Louisiana (10,600 jobs, 8.4%). Wyoming had the steepest percentage increase (12.8%, 2,700 jobs), followed by Mississippi (12.0%, 5,700 jobs), Colorado (8.8%, 10,100 jobs) and Hawaii (8.8%, 2,600 jobs).

Fourteen states and the District of Columbia lost construction jobs between August 2012 and August 2013, while construction employment levels remained unchanged for the year in Vermont. Indiana lost the most jobs over the past year and experienced the steepest rate of decline (-10,100 jobs, -8.1%). Other states experiencing large job losses for the year include Ohio (-6,100 jobs, -3.4%), North Carolina (-3,500 jobs,-2.1%) and Alabama (-2,000 jobs,-2.5%). Rhode Island (-4.4%, -700 jobs), Montana (-4.4%, -1,000 jobs) and the District of Columbia (-3.7%, -500 jobs) also experienced steep percentage declines.

Association officials said that much of the industry’s recent growth was coming from a few private sector areas, particularly demand for new housing and energy facilities. Those gains have been strong enough to offset declining public sector investments and weak private sector demand in areas like retail construction. As a result, many construction employers would be particularly hard hit by a sudden halt in federal construction activity.




First Option Bequeathed to Friend in Estate

Vacant Land Real Estate Daily NewsEast Speedway Development, LLC of Tucson (Ray Schneider) acquired the home and 12.5 acres at 8200 E Speedway in Tucson after the passing of his friend, Jane Robb, who left a first right of refusal for it to him. Once the Trustee of the Estate, Wells Fargo Bank, had determined an appraised value, Schneider paid $820,000 for the 2,686 square foot house on 12.5 acres ($65,600 per acre) located between Pantano and Camino Seco on the eastside of Tucson.

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[mepr-show rules=”58038″]Schneider told us the property is currently zoned RX-1 allowing one unit per 36,000-square-feet, so he is considering rezoning it to a higher density. The home is in need of repairs, but functionally sound, and he is also considering fixing it up to live there. For the time being, he is exploring options by meeting with neighbors and Tucson Development Services to discuss possibilities. He knows the neighbors would like to keep it open desert but they know that isn’t realistic, with the property surrounded by higher density residential, something the appraisal also took into account when valuing the property.

When asked the possibility of a commercial use, Schneider responded that he didn’t think anything other than a higher density residential use would be a practical use. He wants to keep it residential, that will please the neighbors and in remembrance of his good friends who lived there for more than 30 years.

For the time being, Schneider says he just wants to get a feel of the land and the neighbors’ wishes, before making any decision.

Schneider is a real estate broker with Ray Schneider Company of Tucson and self-represented himself in the transaction.  Schneider can be reached at (520) 869-1544 for more information.

Sale date: 8/23/2013. Buyer put $220,000 down and financed the balance with a private lender.[/mepr-show]