TUCSON, AZ (May 12, 206) — A two-tenant retail property occupied by Prep & Pastry on Grant and Sauce Pizza & Wine at 6450 E. Grant Road in Tucson sold for $3,850,000 in an investment sale.

The buyer was Lippow/Bablak 1 LLC and Lippow/Kyrene 1 LLC, affiliates of Lippow Development Company of Martinez, California. The seller was Grant Wilmot Retail LLC of Tucson.

The 6,094-square-foot retail building was constructed in 2015 on approximately 0.86 acres at the Grant Road commercial corridor in Tucson’s northeast submarket. The sale price equates to approximately $631.77 per square foot. The property includes two restaurant units and approximately 50 parking spaces.

The transaction was completed as a 1031 exchange for the buyer, who also owns the nearby Zinburger property and is expanding its investment portfolio in the area.

David Carroll of Paul Ash Commercial Real Estate handled the sale for the buyer and can be reached at 520.795.2100.

Prep & Pastry is a popular Tucson-based breakfast-and-brunch concept, while Sauce Pizza & Wine is a fast-casual restaurant brand known for pizza, pasta, salads, and wine. Their tenancy gives the property strong restaurant visibility along one of Tucson’s established east-side retail corridors.

Source: RED Comp #12476

Tucson, Arizona (May 12, 2026)  — Chapman Lindsey Commercial Real Estate Services, LLC, one of Southern Arizona’s most established and respected commercial brokerage firms, has officially merged with Chapman Management Group, L.L.C, the premier property management group, marking the reunion of several founding partners and the continuation of a legacy built on ethics, collaboration, and long-term client relationships.

Originally founded over 35 years ago by Swain Chapman, Paul Lindsey, Ben Becker, James Marian, and Daniel Feig, Chapman Lindsey was built on a simple but powerful vision: to create a commercial real estate firm with low overhead, strong family-oriented partnerships, and an unwavering commitment to the highest ethical standards.

In an industry often defined by competition and conflict, the founding partners sought to build something different — a collaborative environment where complex, high-value transactions could be openly discussed and handled with integrity. That vision proved successful. Over its four-decade history, the firm maintained an extraordinary record, underscoring its commitment to ethical conduct and fiduciary responsibility.

The firm’s leadership also helped shape ethical standards across the industry. Swain Chapman was among the first commercial brokers to serve on the Tucson Association of Realtors Professional Standards Committee and was Chairman of the Arizona Association of Realtors Professional Standards Committee, encouraging others, including James Marian, to follow suit. Marian later served more than 25 years on the Arizona Association of Realtors Professional Standards Committee and was appointed Chairman for a two-year term.

PATHS DIVERGE — AND REUNITE

Approximately a decade into the partnership, several founding members pursued new opportunities:

• Paul Lindsey acquired and expanded the Coldwell Banker franchise in Southern Arizona
• Swain Chapman shifted focus to commercial property management and Consulting, as a designated CRE (Counselor of Real Estate), and founded Chapman Management Group
• Ben Becker joined CBRE and later formed a successful team with his son
• Remaining partners Feig and Marian expanded the firm and invited industrial broker Alan Moore to join as a partner

Meanwhile, Chapman Management Group, founded by Swain Chapman and later joined by his son Erik Chapman, grew into a prominent commercial property management and brokerage firm. The company has played a key role in managing and redeveloping some of Tucson’s most notable properties, including the historic Pioneer Building (100 N. Stone Avenue), One South Church, downtown Tucson’s tallest Class A office tower (managed for over 15 years), and the historic Tucson Train Depot redevelopment and numerous other downtown and regional assets.

A HISTORY OF SUCCESS AND EVOLUTION

Chapman Lindsey was originally formed during the challenging real estate climate of the early 1990s, as the partners navigated the Resolution Trust Corporation (RTC) era. What began as a short-term effort to weather the downturn evolved into a highly successful 14-year partnership.

Operating initially out of 5151 East Broadway in Tucson, the partners worked closely with RTC asset managers—traveling to Phoenix multiple times per week—and, in their first year alone, brokered over $20 million in land and commercial transactions.

Over the years, Chapman Lindsey completed numerous notable transactions, including:

• KB Home’s acquisition of New World Homes, including a large portfolio of residential lots
• The Baptist Foundation’s disposition of approximately 1,000 foreclosed lots in Rancho Vistoso
• Larsen Baker’s purchase of the Muscular Dystrophy headquarters on Skyline Road
• Venture West’s land acquisition at Swan and Camp Lowell, leading to Tucson’s first office condominium project
• Pima Medical Institute Headquarters on North Swan, the former Townsend School site
• Campus Acquisitions’ purchase of land for one of the area’s first high-rise student housing developments on 1030 North Park Ave
• Most recently, a $93 million-dollar combined transaction in Marana, which closed in March 2026

Swain Chapman and Chapman management served as a long-term advisor and consultant to Pima Community College for approximately 14 years, assisting with multiple major acquisitions and developments, including the Downtown Campus redevelopment and expansion, the Desert Vista Campus (formerly National Semiconductor facility), and the Northwest Campus planning and development, the college’s headquarters acquisition on East Broadway, and the development of maintenance facilities on South Country Club Road

FULL CIRCLE: THE MERGER

Today, that shared history comes full circle.

Chapman Lindsey partners Dan Feig, Jim Marian CCIM®, Alan Moore, and broker Andy Seleznov, CCIM®, have joined Chapman Management Group, with Swain Chapman CCIM®, CRE®, Erik Chapman CCIM®, CPM®, and Nick Travassos, CCIM®, bringing together decades of experience and reuniting several of the original partners under one firm.

This merger strengthens Chapman Management Group’s brokerage platform while preserving the legacy and values that defined Chapman Lindsey from its inception.

“This is more than a merger — it’s a reunion of shared values, long-standing relationships, and a commitment to doing business the right way,” said Swain Chapman, CRE®, CCIM®, Managing Member, and Designated Broker. “We’re combining brokerage and management expertise to better serve our clients while continuing the tradition we started decades ago.”

LOOKING AHEAD

The combined firm, for now, will operate as Chapman Management Group, L.L.C., offering expanded brokerage, property management, and advisory services across Southern Arizona and beyond. Erik Chapman, CCIM®, CPM®, will continue as President of the new, expanded firm.

Together, the partners bring a track record that includes:

• Over 10,000 total acres sold
• Over 1 billion dollars in transactions
• Decades of institutional advisory experience
• Deep relationships across brokerage, development, investment, and home-building communities in southern Arizona

With the reunion of its founding principles and leadership, the firm is positioned to continue its legacy of ethical, client-focused service for decades to come, with 5 CCIM® Designees, a CPM® designee, and one of only 5 AMO® (Accredited Management Organizations) in Tucson. Visit Chapman Management Group | Tucson Asset Management, Consulting, and Investment brokerage for more information.

TUCSON, AZ (May 11, 2026) — A total of 30,735 square feet in lease activity was reported for the week, including 12,869 square feet of industrial space, 11,269 square feet of office space and 6,597 square feet of retail space. The largest industrial lease was ACZ Laboratories, Inc. for 5,150 square feet at 3450 S. Broadmont Dr., represented by Cushman & Wakefield | PICOR brokers Paul Hooker, Kameron Norwood, and Andrew Keim. The largest office lease was to THERAPLAY4KIDZ, LLC for 2,600 square feet at Valencia Business Park, represented by Ryan McGregor with Cushman & Wakefield | PICOR for the tenant and Caleb Allan and Tyson Breinholt with J & J Commercial Properties for the landlord. The largest retail lease was for Chipotle Mexican Grill, 2,046 square feet, at Sunrise Village Shopping Center, represented by Dave Hammack with Cushman & Wakefield | PICOR for the landlord and Ben Craney with NAI Horizon for the tenant.

The following leases were reported to the Real Estate Daily News for the week of May 4-8, 2026.

NEW LEASES
INDUSTRIAL – 3450 S. BROADMONT DR., TUCSON, AZ 85713, SOUTH SUBMARKET
ACZ Laboratories, Inc. leased 5,150 square feet of industrial space at 3450 S. Broadmont Dr., Suite 104 in Tucson, from Tin Cup Properties, LLC. Paul Hooker, SIOR, Principal, Industrial Specialist, and Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR, represented the landlord. Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant.

OFFICE – 2115 E. VALENCIA RD., TUCSON, AZ 85706, SOUTH SUBMARKET
THERAPLAY4KIDZ, LLC leased 2,600 square feet of office space at Valencia Business Park, 2115 E. Valencia Rd., Suite 101 in Tucson, from Tippets Commercial Properties, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the tenant. Caleb Allan and Tyson Breinholt with J & J Commercial Properties, Inc., represented the landlord.

OFFICE – 40 N. SWAN RD., TUCSON, AZ 85711, EAST SUBMARKET
Showtime Solutions, Inc. leased 2,500 square feet at the Forty North Swan office complex located at 40 N. Swan Rd., Suite 10 in Tucson. The office complex is now fully leased. Isaac Figueroa, CCIM, SIOR, with Larsen Baker, represented the landlord, and Alex Demeroutis, with CBRE, represented the tenant.

INDUSTRIAL – 4100 S. FREMONT AVE., TUCSON, AZ 85714, SOUTH SUBMARKET
Davinci Collections leased 2,344 square feet of office/warehouse space from Tucson Business Ventures LLC at 4100 S. Fremont Ave., Suite 103 in Tucson. Max Fisher with BRD Realty handled the transaction.

OFFICE – 7493 N. ORACLE RD., TUCSON, AZ 85704, NORTHWEST SUBMARKET
Iron Ridge Construction sublet 2,052 square feet of office space at Oracle Office Plaza, 7493 N. Oracle Rd., Suite 201 in Tucson, from Crown Jewels Produce. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 4746 E. SUNRISE DR., TUCSON, AZ 85718, NORTHEAST SUBMARKET
Chipotle Mexican Grill leased 2,046 square feet of retail space at Sunrise Village Shopping Center, 4746 E. Sunrise Dr. in Tucson, from Sunrise Village Investors, LLC. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Ben Craney of NAI Horizon in Tucson represented the tenant.

OFFICE – 3838 E. FORT LOWELL RD., TUCSON, AZ 85716, CENTRAL SUBMARKET
Matthew Schuler dba Wildcat Solar LLC leased 2,007 square feet of office space at 3838 E. Fort Lowell Rd., Suite A in Tucson, from Polxynox Holdings, LLC, Red Rocks Investment Group, LLC and Blu Holdings. Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 2341 S. FRIEBUS AVE., TUCSON, AZ 85713, SOUTH SUBMARKET
South Sixth Prints leased 1,725 square feet of office/warehouse space from Friebus Investors LLC at 2341 S. Friebus Ave., Suite 18 in Tucson. Max Fisher with BRD Realty handled the transaction.

RETAIL – 845 N. PARK AVE., TUCSON, AZ 85719, CENTRAL SUBMARKET
Capstone Collegiate Communities, LLC leased 1,392 square feet of retail space at Main Gate Square, 845 N. Park Ave., Suite 101, in Tucson, from Marshall Foundation. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the landlord. John Ash and Nancy McClure of CBRE in Tucson represented the tenant.

RETAIL – 4951 E. GRANT RD., TUCSON, AZ 85712, CENTRAL SUBMARKET
Meridian Wellness, LLC leased 1,200 square feet of retail space at Crossroads East Shopping Center, 4951 E. Grant Rd., Suite 131 in Tucson, from The Machado Family Trust. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Jason Wong with Crestline Properties, LC, represented the tenant.

OFFICE – 4811 E. GRANT RD., TUCSON, AZ 85712, CENTRAL SUBMARKET
Junior Achievement of Arizona leased 1,013 square feet of office space at Crossroads Festival, 4811 E. Grant Rd., Suite 259, in Tucson. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord and handled the transaction.

RENEWALS
INDUSTRIAL – 1665 E. 18TH ST., TUCSON, AZ 85719, CENTRAL SUBMARKET
Building Resources Inc. renewed its lease with SBC Investors, LLC for 2,430 square feet of industrial space at Tucson Tech Park, 1665 E. 18th St., Suite 103 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 3122 N. CAMPBELL AVE., TUCSON, AZ 85719, CENTRAL SUBMARKET
Kung Fu Kitchen renewed its lease with 3122 North Campbell Ave., LLC for 1,959 square feet of retail space at Copper Plaza, 3122 N. Campbell Ave., Suite 100 in Tucson. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 1665 E. 18TH ST., TUCSON, AZ 85719, CENTRAL SUBMARKET
Etherton Gallery Inc. renewed its lease with SBC Investors, LLC for 1,220 square feet of industrial space at Tucson Tech Park, 1665 E. 18th St., Suite 201 in Tucson. Kameron Norwood, Investment Sales & Leasing Specialist, and Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 5931 N. ORACLE RD., TUCSON, AZ 85704, NORTHWEST SUBMARKET
Mendoza for Congress extended its lease with San Marcos Plaza LLC for 1,097 square feet of office space at 5931 N. Oracle Rd., Suite 201 in Tucson. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. Kelly Doty with Long Realty Company represented the tenant.

Submit sales and leases to [email protected].