Tucson Lease Report Week of Aug. 31 – Sept. 4, 2015

Tucson Lease Report
Tucson Lease Report

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from August 31 thru September 4, 2015.

OFFICE – 4690 N ORACLE RD, TUCSON
As reported previously in the Real Estate Daily News on August 6th, Comcast Cable leased 211,152-square-feet of space at 4690 N. Oracle Road, adjacent to the Tucson Mall in the Tucson Galleria, from Tanager Partners, LLC.  The Tucson Galleria was originally constructed in the 1980s as a multi-tenant retail, mall property.   The building was occupied by American Home Furnishings from 1992 until 2008, a New Mexico-based company founded in the 1930s and still operating in Albuquerque, Farmington and Santa Fe.

The four-level building and multi-level parking garage can accommodate 1,000-plus vehicles and will be retrofitted to house over 1,000 Comcast employees.  One of the major decision factors for selection of the Tucson Galleria site was based upon the convenient commuting options to the building.  This includes The Loop, an adjacent pathway system which connects non-motorized pedestrian paths in Tucson to the Rillito, Santa Cruz and Pantano River Parks. The Tucson Loop currently totals 100-plus miles and links Marana, Oro Valley and metropolitan Tucson to its parks, trails, bus and bike routes, workplaces, schools, restaurants, hotels and shopping areas – conveniently making the Tucson Mall area accessible to almost every neighborhood in Tucson.  The Tohono O’Odham Sun Tran Transit hub is located just to the east of the Tucson Mall, within a short walking distance to the building.

Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR represented the landlord in this transaction.  The leasing of two additional, former Tucson American Home Furnishing locations was also handled by Greg Furrier and Cushman & Wakefield | PICOR in 2009 and 2011.  Sam Levitz Furniture now occupies the 220,000-square foot former American Home Furnishings warehouse and retail store at the northeast corner of Prince and I-10.  Circus Furniture and Platinum Fitness occupy the 100,000-square foot former American Home Furnishings store at Golf Links and Harrison.

RETAIL – SANTA CRUZ VILLAGE, TUCSON
Larsen Baker has announced that Chuze Fitness leased a 16,000-square-foot space at Santa Cruz Village, located to the north of 16th Ave and Ajo Way. The Premises will be used as a fitness and health club facility which includes cardio equipment, strength equipment, free weights, circuit training, group exercise classes, personal training and for the sales of related products and services. They are scheduled to open for business early 2016.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker.

RETAIL – TRI VALLEY PLAZA, CASA GRANDE
Hot Spot Gymnastics has leased a 8,505-square-foot space at Tri Valley Plaza, located on the SE corner of Florence Blvd. & Colorado Rd., in Casa Grande, Arizona. The Premises will be used as a gymnastics and cheer facility and for the retail sale and storage of trophies, awards, and memorabilia. They are scheduled to open for business December 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker.

OFFICE – 698 E WETMORE RD, TUCSON
Dermatology & Plastic Surgery of Arizona, LLC has expanded their office to 3,338-square-feet at 698 E. Wetmore Road, from First Ave./Wetmore Office Plaza, LLC. Andrew Sternberg of Oxford Realty Advisors handled the transaction.

OFFICE- 2761 N COUNTRY CLUB RD, STE 201, TUCSON
Sunbelt Medical Management, LLC has leased 2,610-square-feet at 2761 N. Country Club Road, Suite 201, from Country Club Plaza, LLC.  Andrew Sternberg of Oxford Realty Advisors handled the transaction.

RETAIL – FRY BLVD & CORONADO RD, SIERRA VISTA
Larsen Baker announced that Today’s Look Salon & Day Spa leased a 2,472-square-foot at Cochise Plaza, located on the NE corner of Fry Blvd. and Coronado Rd. in Sierra Visa, Arizona. The Premises will be used as a salon and day spa specializing in hair cutting, coloring services, manicures, pedicures, facials, waxing, makeup, massage and related products and services. They are scheduled to open for business January 2016. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker.

RETAIL – 4280 N ORACLE RD, STE 180, TUCSON
Kevin Volk of Volk Company represented the tenant in a lease for 2,027-square-feet between Weingarten Nostat, Inc. (landlord) and IOU Sushi IV, LLC (tenant) at 4280 North Oracle Road, Suite 180. The shopping center is anchored by Nordstrom Rack, Home Depot, PetSmart, Cost Plus World Market, Jo-Ann Fabrics, Walgreens, Ulta, Jared Jewelers, and BJ’s Restaurant. This will be the tenant’s first location in Tucson for their popular all-you-can-eat sushi restaurant concept based in the Pacific Northwest.

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Phoenix Lease Report Week of Aug 31 – Sept 4, 2015

Desert Ridge
Desert Ridge Corporate Center

The following leases were reported to the Real Estate Daily News for the Phoenix Lease Report the week of August 31 thru September 4, 2015.

TWO OFFICE TENANTS BRING DESERT RIDGE CORPORATE TO 95% OCCUPANCY
Two office leases totaling 47,372-square-feet were leased at Desert Ridge Corporate Center I and II, 20830-20860 N. Tatum Blvd. in Phoenix. These transactions bring occupancy in both buildings to 95 percent. At Desert Ridge I, Regus leased 12,338-square-feet and was represented by Kevin Calihan of CBRE.

At Desert Ridge II, Republic Services leased an entire floor totaling 35,034-square-feet and was represented by Gary Gregg, Mike Gordon and Eric Walker of Cresa. Lee & Associates principals Craig Coppola, Bill Blake, Colton Trauter, Andrew Cheney and Associate Gregg Kafka, represented the landlord in both of these transactions.

Westporte Village Site Plan (click to enlarge)
Westporte Village Site Plan (click to enlarge)

NEW BEALL’S OUTLET TO OPEN IN WESTPORTE VILLAGE, PEORIA
Beall’s Outlet will soon open a new location in Peoria, Arizona. The 26,600-square-foot space is located in Westporte Village at the southeast corner of 67th Avenue and Peoria. Beall’s Outlet opened its first store 100 years ago in 1915 and is still family owned. They now have over 500 stores operating in Florida, Georgia, and Arizona.

Velocity Retail Group’s Michael Clark, Larry Miller, and John Jackson teamed up to finalize a five-year lease on behalf of NorthStar Realty Finance. Tim Westfall and Joe Doucett of Newmark Grubb Knight Frank represented the Tenant.   The store is projected to open in March of 2016. Beall’s Outlet opened its first store 100 years ago in 1915 and is still family owned. They now have over 500 stores operating in Florida, Georgia, and Arizona.




Halo Lash Opens in San Clemente Shopping Center Tucson

San Clemente Shopping Center, Tucson, AZ
San Clemente Shopping Center, Tucson, AZ

TUCSON, AZ – Halo Lash boutique has leased shop space in the San Clemente Shopping Center, located at 3835 East Broadway Blvd at the northwest corner of Broadway and Alvernon.  Nic Chavira of Tango Commercial Real Estate represented the tenant and Greg Furrier of Cushman & Wakefield | Picor represented the building owner.

Owned by Tucson entrepreneur and sole proprietor Michelle Ross, Halo Lash offers eyelash extension services. Ross said she expects to employ four technicians at this original location. The boutique is now open and accepts walk-ins during business hours from Monday through Saturday, 9:00 a.m. to 8:00 p.m. Appointments are strongly suggested.  A Grand Opening is anticipated in September, according to Ross.

As Ross describes her company’s primary service, Halo Lash applies one silk lash for every natural lash with medical grade adhesive for a fuller look. Clients may choose from multiple lengths, curls and thicknesses. The whole procedure takes 1.5 to 2 hours and costs $110 for a first visit. The lashes last from three to five weeks and fills are available for $60. For more information, visit www.halolash.com.

“Tango Commercial Real Estate works with a diverse range of clients,” said Bob Davis, partner. “We enjoy the thrill of the hunt, finding suitable spaces for our clients whether they are local start ups like Halo Lash or large, out-of-state tech companies looking to expand into Tucson.

Headed by Davis and business partner Thomas Hunt, Tango Commercial Real Estate commenced doing business in June of 2015. The pair offers more than 50 years of combined experience to clients seeking commercial real estate services in Tucson. “We know Tucson, we love what we do and we always aim to be our clients’ partners in success,” Davis said.

To learn more Chavira of Tango Commercial Real Estate Services can be reached at (520) 288-1231 and Furrier at Cushman & Wakefield | Picor should be called at (520) 546 -2735