TUCSON LEASE REPORT – APRIL 22 – 26, 2013

logo RED b&w 640 x 38012- SCREEN MOVIE THEATER -5755 W ARIZONA PAVILIONS, MARANA
Phoenix-based Harkins Theaters leased the 45,650 sq. ft. 12-screen theater at 5755 W Arizona Pavilions Drive in Marana, located at Cortaro Road and I-10 in the Arizona Pavilions, formerly occupied by independently owned, Tower Theaters. Harkins’ Arizona Pavilions 12 has undergone extensive remodeling and upgrading and will reopen to the public in time for the blockbuster release of Iron Man 3 on May 2, 2013. This is Harkins’ second Cineplex in the Tucson area; the other being Harkins Tucson Spectrum 18 at 5455 S Calle Santa Cruz in Tucson. Andy Seleznov and Melissa Lal of Larsen Baker in Tucson represented the landlord, Larsen Baker, in the transaction.

INDUSTRIAL – 3260 EAST 36th STREET, TUCSON
WearPro, Inc., a Metal Mining Service Company, leased 20,000 sq. ft. at 3260 E 36th St. in Tucson from Park Avenue Corp. Steve Cohen and Russ Hall, Principals and Industrial Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services, represented the landlord. Brandon Rodgers, CCIM and Industrial Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services, represented the tenant.

INDUSTRIAL – 975 W GRANT ROAD STE 105, TUCSON
Southwest Fuel Systems established in 2008 as an FAA repair station providing overhaul and repair service to TA series Fuel Control Units and PTG-3/5 series Power Turbine Governors, expanded from 8,000 to 12,000 sq. ft. at 975 W Grant Road in Tucson from Sundance Property Management, LLC. Peter Douglas of Cushman & Wakefield / Picor Commercial Real Estate Services, represented the landlord.

INDUSTRIAL / FLEX – 3845 N BUSINESS CENTER DRIVE, TUCSON
Meridian Engineering Company, a structural civil and industrial construction firm in Arizona, New Mexico, Oklahoma, Texas, and Sonora, Mexico renewed its 6,240 sq. ft. lease at 3845 N Business Center Drive, Ste 103 in Tucson, at the North Tucson Business Center, located directly adjacent to I-10 near Downtown Tucson. Rob Glaser and Paul Hooker of Cushman & Wakefield / Picor Commercial Real Estate Services, handled the transaction.

RETAIL – 4695 N ORACLE ROAD, TUCSON
R&S Mattress Tucson, LLC leased 3,720 sq. ft. at 4695 N. Oracle in Tucson from 4695 N. Oracle Plaza Group, LLC. Greg Furrier, Principal and Jeff Zellet, Retail Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the tenant. This will be R&S Mattress’ 17th store in Arizona and is expected to open in June.

RETAIL – 64 N HARRISON ROAD, STE 120, TUCSON
Ichiban Sushi restaurant renewed its 1,950 sq. ft. space at 64 N Harrison Road in Tucson from Broadway / Harrison, LLC. Greg Furrier and Rob Tomlinson of Cushman & Wakefield / Picor Commercial Real Estate Services, represented the landlord in this transaction.

INDUSTRIAL CONDO – 1870 W PRINCE RD, STE 57, TUCSON
ProFlight Gear, LLC leased 1,200 square feet at1870 West Prince Road, Suite 57 in Tucson, from Presson Corporation. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction.

RETAIL / FLEX OFFICE -1835 S ALVERNON WAY, STE 212, TUCSON
Multi-Business, Inc. dba Multi-Immigration Service, an Immigration & Naturalization Consulting firm, renewed its 1,200 sq. ft. lease at 1835 S Alvernon Way from Presson Midpoint, LLC. Rob Glaser and Paul Hooker of Cushman & Wakefield / Picor Commercial Real Estate Services, handled the transaction.

INDUSTRIAL / FLEX -1331 E 16th STREET, TUCSON
Sapphire Services, LLC of Sahuarita, dba Sapphire Catering, leased the 5,099 sq. ft. building at 1331 E 16th Street in Tucson. Tim Healy and Bob Delaney of CBRE in Tucson represented the landlord. Dean Cotlow of Cotlow Company in Tucson represented the tenant.

RETAIL – 60 N HARRISON ROAD, TUCSON
Posh Paws, a pet grooming salon, renewed its 975 sq. ft. lease at 60 N Harrison Road in Tucson from Broadway / Harrison, LLC. Greg Furrier and Rob Tomlinson, Retail Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services, represented the landlord in the transaction.

INDUSTRIAL -1101 W GRANT ROAD, STE 201, TUCSON
San Antonio-based, Miner Southwest, LLC, a company specialized in emergency ’round the clock’ repair service for docks, doors, and glass, renewed its lease of 1,500 sq. ft. at 1101 W Grant Road in Tucson from Sloat Family Partnership, LLP. Steve Cohen and Russ Hall, Principals and Industrial Specialists with Cushman & Wakefield / Picor Commercial Real Estate Services, represented the landlord. Jeff Zellet, Retail Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the tenant.

RETAIL – 1011 N PANTANO ROAD, STE 155, TUCSON
Bark Avenue Dog Wash, LLC leased 1,229 square feet at 1011 N. Pantano Road, Suite 155 in Tucson from The Monterra Group Limited Partnership, LLP. Jeff Zellet, Retail Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction.

To submit sales and leases email – [email protected]




Two New Encantadas – 560 New Luxury Units Underway In Northwest

Entrada Riverside Crossing
Entrada Riverside Crossing

HSL Properties of Tucson has begun construction on two high-end luxury apartment complexes in Marana and Oro Valley. The Encantada at Steam Pump Ranch in Oro Valley will have 288-units and Encantada at Dove Mountain in Marana will be 272-units, for a combined sum of 560-units. Both include a clubhouse with movie theater, dog park and some unique recreation amenities such as resort-style heated pools and spas with ramadas, clubhouses with gourmet- kitchens, and professional gyms. Both properties will include a coffee house for the residents, with the stand-alone building in Oro Valley being independently owned and operated.

The Encantada at Steam Pump is located northwest of 1st Avenue and Oracle Road in Oro Valley, on 13 acres that HSL bought in May, 2012 for $3.3 million. The 288-unit luxury apartment complex will cost $34 million ($118,000 per unit) to build.

The Encantada at Dove Mountain site was purchased earlier, in 2011. HSL paid $3.8 million for the 19.95 acres at the northwest corner of Tangerine and Camino de Oeste in Marana. Justin Lanne of Newmark Grubb Knight Frank in Tucson handled the land acquisition for HSL.

Both properties will begin clubhouse leasing in August or September with first occupancy scheduled at the end of 2013 according to Omar Mireles, Executive Vice-President at HSL. Mireles said the permitting process with both Oro Valley and Marana Development Services was straightforward and they were pleased to go from permitting to ground-breaking in a matter of months.

HSL Properties, Inc. was established in 1975 and have since acquired, owned, operated and developed properties in Arizona, California, Colorado, Georgia, New Mexico, and Texas, and formed more than 100 limited partnerships and limited liability companies for conducting business.

HSL Construction Services, the construction arm of the business is the builder on all projects. HSL’s new northwest complexes will be similar to the 304-unit luxury apartment complex, Encantada Riverside Crossing, that was constructed in 2012 for $32 million.

HSL’s focus is primarily on multi-family apartment communities from its headquarters in Tucson, and is well known for multi-family housing throughout the Southwest. In 2010, HSL won the International Crime Free Owner of the Year Award.

Currently, HSL Properties owns and operates 41 apartment communities, with 32 in Tucson, 7 in Phoenix, 1 in Casa Grande, and 1 in Yuma. This amounts to approximately 10,000 units/families and over 7 million square-feet.

In 2002, HSL formed its Asset Management Company which provides effective site-management and resident services, making HSL a unique developer. The Asset Management Company has grown exponentially and now has more than 300 employees.

Mireles at HSL can be reached at (520) 322-6994 and Lanne is at (520) 321-3354.




Upscale Locksmith Relocates To Prince Road – Opens April 29th

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Jason Barnes of Tucson bought the retail building at 1110 W Prince Road in Tucson for $205,000 ($89 PSF) to relocate his business, Advanced Lock & Key to a property previously leased by an Oroweat Outlet store since 2001. The seller was ML Jones Family, LLC (Melvin L Jones, principal) of Surprise, AZ.

Tucson has two remaining Oroweat Outlet stores that continue to serve as distribution locations for Bimbo Bakeries USA products, at 7535 East Broadway Blvd. and 3840 West Ina Road.

Advanced Lock & Key was established 1998 and leased space from Circle K Stores at 1st and Limberlost for many years from Circle K Stores prior to buying this building.

According to Jim Barnes, manager of Advanced Lock & Key, the new location has been “remodeled into an upscale, full service locksmith shop servicing safes, house re-keys and all makes and models of car keys including Lexus, Jacquar and other luxury models. This new location will help us better serve to our AAA customers, being closer to the highway, and is expected to be a showcase locksmith shop for Tucson when it opens on April 29th.”

Advanced really is a one-stop-shopping place for all security questions and solutions. From a 24-hour AAA team of six cars to safes and electronic entry pads and keys, they cater to commercial and residential customer needs, with incomparable prices and service.

The store hours will be Monday-Friday 9:00 – 5:00 and open Saturday 10:00 – 2:00.

Ed Henne of Long Realty represented the buyer and Tony Reed of Long Realty represented the seller.

Contact Jim or Jason Barnes at (520) 293-4613. Henne at Long is at (520) 918-5989. Reed at Long is at (520) 918-5189.

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