TUCSON, ARIZONA (Aug. 10, 2026) — Tucson commercial leasing activity reported to Real Estate Daily News for the week of August 3-7, 2026, included retail, industrial, and office transactions across the Tucson market.

The largest transaction reported this week was the renewal by Solar Industries, Inc. for 6,588 square feet of retail space on East Speedway Boulevard. New leasing activity included two 5,000-square-foot industrial transactions, the return of a diner concept to the former Welcome Diner property on Broadway Boulevard, and two restaurant leases.

The following leases were reported to Real Estate Daily News for the week of August 3-7, 2026.

NEW LEASES

INDUSTRIAL – 3251 S. DODGE BLVD., TUCSON, AZ 85713, SOUTH SUBMARKET
Metallirex LLC leased 5,000 square feet of industrial space at 3251 S. Dodge Blvd. in Tucson from Dodge Investors, LLC. Jerry LoCoco with Cushman & Wakefield | PICOR represented the tenant. Max Fisher with BRD Realty, LLC represented the landlord.

INDUSTRIAL – 3763 E. 43RD PL., TUCSON, AZ 85713, SOUTH SUBMARKET
High Point Scientific, Inc. leased 5,000 square feet of industrial space at 3763 E. 43rd Pl. in Tucson from JDLH Investments, LLC. Stephen D. Cohen, Principal, Industrial Specialist, and Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR, represented both parties.

RETAIL – 902 E. BROADWAY BLVD., TUCSON, AZ 85719, CENTRAL SUBMARKET
Howdy Diner leased 3,929 square feet of retail space at 902 E. Broadway Blvd. in Tucson from WC Tucson I LLC. The property is the former Welcome Diner and serves as the western gateway to The Sunshine Mile. Built in 1964, the property has been serving the University and downtown diner market for more than 60 years, a tradition Howdy Diner will continue. Dave Hammack and Rob Tomlinson, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented both parties.

RETAIL – SHOPPES AT CORTARO RANCH, 5660 W. CORTARO FARMS RD., SUITE 100, TUCSON, AZ 85742, NORTHWEST SUBMARKET
Istanbul Mediterranean Cuisine & Bar leased 3,613 square feet of end-cap restaurant space at Shops at Cortaro Ranch, 5660 W. Cortaro Farms Rd., Suite 100 in Tucson, from Sonoma Heights, LLC. This will be Istanbul’s second location serving the Tucson market, with an opening planned for fall 2026. Dave Hammack and Aaron LaPrise, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord. Daniel Wong with HomeSmart Advantage Group represented the tenant.

OFFICE – INA CORPORATE CENTER, 3275 W. INA RD., SUITE 135, TUCSON, AZ 85741, NORTHWEST SUBMARKET
Polaris Compounding Pharmacy Corporation leased 3,175 square feet of office space at Ina Corporate Center, 3275 W. Ina Rd., Suite 135 in Tucson, from CALDOR Investments of Arizona, LLC. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – SAN MARCOS PLAZA, 5931 N. ORACLE RD., SUITE 117, TUCSON, AZ 85704, NORTHWEST SUBMARKET
The Ottoman Kitchen, LLC leased 1,850 square feet of retail space at San Marcos Plaza, 5931 N. Oracle Rd., Suite 117 in Tucson, from San Marcos Plaza LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RENEWALS

RETAIL – 5252 E. SPEEDWAY BLVD., TUCSON, AZ 85712, NORTHEAST SUBMARKET
Solar Industries, Inc. renewed its lease with Beverly/Speedway LLC for 6,588 square feet of retail space at 5252 E. Speedway Blvd. in Tucson. Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant.

OFFICE – INA CORPORATE CENTER, 3275 W. INA RD., SUITE 111, TUCSON, AZ 85741, NORTHWEST SUBMARKET
Brown Insurance Agency, LLC renewed its lease with CALDOR Investments of Arizona, LLC for 787 square feet of office space at Ina Corporate Center, 3275 W. Ina Rd., Suite 111, in Tucson. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to Real Estate Daily News.

TUCSON, ARIZONA (Aug. 7, 2026) — Flowing Wells Apartments, a 14-unit multifamily property at 3521 N. Flowing Wells Road in Tucson, sold for $1.2 million, or approximately $85,714 per unit.

Flowing Wells Apartments LLC, an entity associated with the Norwood Revocable Trust, acquired the property from Steven Floyd Francisco et al., trustees. The sale closed July 29, 2026, with a down payment of $430,000.

Allan Mendelsberg and Joey Martinez with Cushman & Wakefield | PICOR represented both the seller and buyer in the investment transaction.

Built in 1964, the apartment community contains approximately 9,246 square feet across three masonry buildings on 0.84 acres. The purchase price equates to approximately $129.79 per square foot of building area and $32.95 per square foot of land.

The complex consists of 14 one-bedroom, one-bathroom apartments. Property features include private backyards for each unit, off-street parking, a common laundry area, and air conditioning throughout the community. The three buildings contain approximately 3,810 square feet, 3,868 square feet and 1,568 square feet, with the smallest building configured as a duplex.

The property was marketed as a value-add investment opportunity because of below-market rents. According to the transaction information, the asset operated at an approximately 7 percent capitalization rate in 2025 and sold at a projected capitalization rate of 7.29 percent.

Located in Tucson’s Flowing Wells area, the property is north of West Prince Road and east of Interstate 10. The site is zoned O-3.

For more information, Mendelsberg is at 520.546.2721, and Martinez can be reached at 520.546.2730.

Source: RED Comp #12640

TUCSON, AZ (Aug, 7, 2026) — Dutch Bros Coffee has agreed to acquire the leases and related assets of seven former Salad and Go restaurants in Tucson as part of a proposed $105 million bankruptcy transaction involving dozens of drive-thru properties across Arizona and three other states.

The seven Tucson locations would give Dutch Bros an immediate pipeline of existing drive-thru sites in one of its established Arizona markets. Dutch Bros currently operates 16 shops in Tucson. If all seven acquired locations are retained and converted, the company’s local footprint would increase to as many as 23 shops, representing an expansion of nearly 44 percent.

The proposed acquisition is part of Chapter 11 bankruptcy proceedings of Salad and Go parent And Go Concepts LLC. Salad and Go closed its remaining restaurants on August 5, one day after filing for bankruptcy protection.

Under the proposed asset purchase agreement, Dutch Bros parent Boersma Bros. LLC would pay $105 million for a portfolio of Salad and Go leases and associated operating assets. The portfolio includes locations in Arizona, Nevada, Texas and Oklahoma. Bankruptcy filings identify at least 51 locations included in the proposed sale, while broader transaction materials reportedly allow Dutch Bros to acquire as many as 65 leases, subject to property review and closing conditions.

The transaction does not include the Salad and Go brand, recipes or other intellectual property. Dutch Bros would instead acquire leasehold interests, furniture, fixtures, equipment, vehicles, leasehold improvements and certain other assets associated with the selected restaurants.

For Dutch Bros, the former Salad and Go properties provide a portfolio of compact drive-thru buildings that may be well suited for conversion to the coffee company’s operating model. Salad and Go locations were generally designed as approximately 1,000-square-foot drive-thru restaurants without indoor dining rooms, allowing the sites to operate on relatively small parcels.

That format is closely aligned with Dutch Bros’ real estate strategy, which is centered on high-volume beverage service through compact, freestanding drive-thru shops. Acquiring existing restaurant sites could allow the company to enter additional trade areas more quickly than developing every location from the ground up, although individual properties will require permitting, remodeling, signage and other conversion work.

The seven Tucson properties are particularly significant because developed drive-thru sites have become increasingly difficult to secure. Suitable parcels must provide strong visibility, convenient ingress and egress, vehicle stacking capacity and proximity to residential neighborhoods, employment centers or heavily traveled retail corridors.

The acquisition would also remove seven recently vacated restaurant properties from the Tucson market before they could remain dark for an extended period. Reoccupying the sites with a national operator would preserve their commercial use and could reduce the disruption experienced by landlords and neighboring shopping center tenants following Salad and Go’s closure.

The $105 million purchase price represents an average of approximately $2.06 million for each of the 51 locations specifically identified in initial bankruptcy reporting. If the transaction ultimately includes all 65 potential properties, the average would be approximately $1.62 million per location. Those figures should not be interpreted as individual real estate values because the transaction includes leasehold interests, equipment and other operating assets rather than fee simple ownership of every property.

Dutch Bros may also decline individual leases because of landlord objections, assignment restrictions, property conditions or other due diligence findings. The final number of acquired and converted locations could therefore be lower than the maximum contemplated by the agreement.

The proposed sale remains subject to approval by the U.S. Bankruptcy Court and other closing requirements. Dutch Bros is expected to begin converting selected properties following completion of the transaction, with openings anticipated to begin in 2027.

The acquisition comes as Dutch Bros continues an aggressive national growth strategy. The publicly traded drive-thru beverage company describes itself as a high-growth operator and franchisor focused on handcrafted beverages served through convenience-oriented shops.

For Tucson’s retail real estate market, the transaction represents more than the expansion of a coffee chain. It is a large-scale repositioning of specialized drive-thru properties that became available simultaneously following the collapse of another restaurant operator.

If all seven Tucson locations reopen under the Dutch Bros banner, the company would gain a significantly larger local presence without relying exclusively on new construction, while returning shuttered restaurant sites to active use.