There comes a time in a company’s growth when it makes sense to join hands! The owners of Rubs and Spa NiVa in town are doing just that.

Shelene and Lynn Taylor have become partners in Tucson’s own Spa NiVa, with Dr. and Mrs. Hobeich and Mr. and Mrs. Menke.  Shelene Taylor is the founder and owner of Rubs, a Tucson based massage chain. Operations of Spa NiVa will be handled by Shelene Taylor, a veteran in the massage industry with 27 years of experience.

The owners all have deep roots in the Tucson community and in their businesses have always provided excellent services in the massage and spa industry.

This partnership is designed to continue to position Spa NiVa as Tucson’s Premiere Medi Spa, with a full menu of services to meet the day spa goer’s needs. In addition, clients will be able to receive medi spa treatments at reasonable prices at the Spa NiVa locations at 6330 N Campbell Rd, Skyline and Campbell and 6380 E Grant Rd, Grant & Wilmot and at Rubs’ six locations.

Rubs has opened three new locations over the past year. Its latest studio opened in November at 10580 N La Canada Drive in Oro Valley, and followed the April opening of Rubs at 7385 W Wrightstown Road. Other Rubs locations are at 5151 N Oracle Road, 1531 N Wilmot Road, 7385 S Houghton Road with its newest studio scheduled to open in November at Madera Marketplace in Sahuarita.

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The Bank of Tucson through affiliate BOT Real Estate Holdings I, LLC (Robert Placzek, managing member) sold two office condos, unit 102 & 103, at 200 and 208 S Stratford Drive in Tucson to Kippat, LLC of Tucson (Pat Welchert, managing member) for[mepr-show rules=”58038″]$149,000 ($55 PSF) all-cash. The 2,589 offices were vacant and bank owned at time of sale.

The class-B property at the Broadmoor Executive Center is already leased to two separate undisclosed medical tenants by the new owner. The 200 S Stratford office condo (built 1953) is 1,497 sq. ft. while the condo at 208 S Stratford (built 1958) is 1,196 sq. ft.

Brandon Rodgers, CCIM, Industrial Sepcialist with Cushman & Wakefield / Picor represented the seller. Pat Welchert, SIOR, Industrial Specialist with Cushman & Wakefield / Picor represented the buyer in this transaction.

Placzek at Bank of Tucson can be reached at (520) 321-4500. Welchert should be contacted at (520) 546-2748 and Rodgers is at (520) 546-2714.

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Developer, Southwest General Development of Scottsdale (Beau Woodring, managing partner) finished construction and sold two Dollar General stores. The stores are identical, both 9,100 sq. ft. (70′ x 130′) were completed this year. The store at 3130 S Kinney Road in Tucson sold for[mepr-show rules=”58038″]$1.535 million ($169 PSF) to HWB Holdings of Pauma Valley, CA and the store at 1335 W Ajo Way in Tucson sold for $1.79 million ($197 PSF) to DSR Tucson of Los Angeles, CA. Both were all-cash deals. Both stores held Grand Openings in May. Dollar General stores have been attractive investments for some time, with investors waiting for construction to be completed, for these above average investment returns.

Dave Hammack of Volk Company in Tucson represented the developer in the site acquisitions of both locations. Woodring told us Southwest General is actively looking for more Dollar General sites of 1-1.25 acres in size and preferably already zoned commercial in Tucson and around the state.

Southwest General Development, the designated developer for Dollar General stores for the state of Arizona and southern Nevada, plans to construct 12 new stores this year. This is the third and final planned store in the Tucson area for 2013. In March, the store in Three Points was completed and sold for $1.47 million ($162 PSF). Southwest General Development is one of two developers of Dollar Generals in the Tucson area, the other being DCM Development Company of Tucson (Chris Lechner, manager) an affiliate of Lechner Construction that currently has another two stores under construction.

Dollar General Corporation of Goodlettsville, TN (NYSE:DG) has stated the company intends to continue its consistent record of positive growth in 2013 with the creation of 6,000 new jobs and the planned addition of 635 new stores and 550 relocations nationally. Each store employs 8-12 people and bring $50,000 – $70,000 in tax revenues to the community per year. With the addition of these news stores, Dollar General will have created approximately 30,000 new jobs over the last six years.

Dollar General Corporate recently announced the completion of $200 million in share repurchase of its common stock in the open market, indicating its commitment toward utilizing cash flow to enhance stakeholders’ return.

These repurchases are part of the existing Board authorized share repurchase program. Year-to-date, Dollar General has repurchased approximately $220 million of its common stock and has approximately $424 million remaining in the existing authorization. Dollar General has repurchased approximately $1.1 billion, or 23.6 million shares of its common stock since the inception of its current share repurchase program in December 2011.

“The strength of our balance sheet coupled with out strong cash flow generation makes this an opportune time to return cash to our shareholders. We are committed to optimizing our capital structure, while increasing shareholder value, ” said Rick Dreiling, Dollar General’s chairman and CEO.

Dollar General Corporation has been delivering value to shoppers for more than 70 years, selling products from American’s most trusted manufacturers such as Proctor & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.

Woodring can be reached at (646) 734-2654. Lechner is at (520) 888-1212. Dollar General’s Media Department can be contacted at (615) 855-5210 and Hammack is at (520) 326-3200.[/mepr-show]