Julian’s Parkour & Gymnastics in Sierra Vista highlights this week’s lease report.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 6 thru 10, 2019.

RETAIL – 493 N. HIGHWAY 90, SIERRA VISTA
Julian’s Parkour & Gymnastics leased a 12,107-square-foot retail space located at South Plaza Vista Mall, 493 North Highway 90 in Sierra Vista, Arizona from South Plaza Vista, LLC. Pete Villaescusa and Jesse Peron of CBRE’s Tucson office along with Andy Seleznov and Melissa Lal of Larsen Baker represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 888.574.4961[/mepr-show]

INDUSTRIAL – 2165 N. FORBES, TUCSON
EMC Insulation leased 11,440-square-feet of industrial space in Broadbent Business Center, 2165 N. Forbes Blvd., Suite 103 in Tucson, from Forbes Tucson, LLC.  Robert C. Glaser, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.92 SF/YR Modified Gross; Tenant Phone: 520.480.2026[/mepr-show]

RETAIL – CASAS ADOBES SHOPPING CENTER, TUCSON 
Barefoot Studio, LLC leased a 2,633-square-foot retail space located at Casas Adobes Plaza, 7001- 7153 North Oracle Road from GRI Casas Adobes, LLC. Jeff Casper, Pete Villaescusa and Jesse Peron of CBRE’s Tucson office represented the landlord and Jon O’shea of Vast Commercial represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.797.2881[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Rising Phoenix Fitness and Defense, LLC leased 2,500-square-feet of industrial space in Midway Business Center, 4500 E. Speedway Blvd., Suites 3-4 in Tucson, from Presson Midway, LLC.  Robert C. Glaser, SIOR, CCIM, and Paul Hooker, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Jon O’Shea with Vast Commercial Real Estate Solutions, LLC, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $8.88 – $9.60 SF/YR Modified Gross; Tenant Phone: 520.838.1592[/mepr-show]

INDUSTRIAL – 4110 S. LONGFELLOW AVE., TUCSON
Jacobs Electric, Inc. leased 2,490-square-feet of industrial space at 4110 S. Longfellow Ave. in Tucson, from Fryburg Properties, LLC.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.544.9314[/mepr-show]

OFFICE – 5515 E. GRANT RD., TUCSON
Arizona Property Management Solutions, Inc. leased 1,957-square-feet of office space in Grant Road Corporate, 5515 E. Grant Road, Suite 200 in Tucson, from Grant 5515 Ventures, LLC.  Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $12.75 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 3790 E. 44^th ST., TUCSON
Boosted Auto Detailing leased 1,500-square-feet of industrial space in 44^th Street Business Park, 3790 E. 44th Street, Suite 222 in Tucson, from RR44, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled transaction. [mepr-show rules=”58038″]Tenant Phone: 520.365.7065[/mepr-show]

INDUSTRIAL – 850 E. OHIO ST., TUCSON
Under Canvas, Inc. leased 1,390-square-feet of industrial space at 850 E. Ohio St, Suite 17 in Tucson, from RRL, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 888.496.1148[/mepr-show]

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Knight Service Company, LLC leased 1,000-square-feet of industrial space at 2112 N. Dragoon St. in Tucson, from Rich Rodgers South, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 310 E. 6^th ST., TUCSON
Shop Exile, LLC leased 935-square-feet of retail space at 310 E. 6^th St. in Tucson, from Rodgers Investment Fund One.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 4433 E. BROADWAY BLVD., TUCSON
Arturo Padilla, Cactus Town Vapors, LLC, has leased 798-sqaure-feet at 4433 E. Broadway Blvd., Suite A201, from 4433 E. Broadway Blvd., LLC.  Lori A. Casey and Cameron L. Casey of Oxford Realty Advisors represented both the Tenant and the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $10.00 SF/YR Modified Gross[/mepr-show]

RETAIL – 5623-5627 E. 22^nd ST., TUCSON
Two Graves Tattoo Studio leased 600-square-feet of retail space at 5623-5627 E. 22nd Street in Tucson, from Robert Grunstein.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.00 – $8.00 SF/YR Modified Gross[/mepr-show]

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Beazer, Cognizant help fill Harvard – Lincoln Property Co.’s Class A development

TEMPE, Arizona – A string of major leases by national credit tenants has pushed the Harvard Investments / Lincoln Property Company (LPC) Waypoint office development to 98 percent leased. The new commitments leave just under 11,000 square feet of space remaining at Waypoint, a four building, almost one-half-million-square-foot Class A campus situated in the heart of the rapidly developing mixed-use Riverview District in Mesa, Arizona.

The project’s newest lease comes via a 15,000-square-foot commitment by national homebuilder Beazer Homes for Waypoint Four. Beazer will use the new space for a division headquarters and design center. They are scheduled to begin occupancy at Waypoint in the fall of 2019.

Fortune 500 digital technology company Cognizant, who moved into 50,693-square-feet at Waypoint Four in mid-2018, has also doubled its presence at the building, expanding to take the entire second and third floors with a total 101,072 total-square-foot lease.

“We’re excited that Beazer Homes and Cognizant have identified Waypoint as the right location for their growing organizations,” said Lincoln Property Company Vice President of Real Estate Development John Orsak. “Both companies compliment the project’s already strong credit tenant roster, and both will be able to fully capitalize on not only the corporate environment at Waypoint but also the impressive – and expanding – assemblage of retail, dining, hospitality and recreational amenities within the Riverview District,”

Fronting the Loop 202 freeway at the borders of Mesa, Tempe and Scottsdale, Waypoint totals 425,861 square feet in four buildings featuring a high-tech modern aesthetic, multi-story lobbies and creative workspaces. Buildings Three and Four, in particular, offer 14-foot open ceilings and glass windows that begin at floor level and extend 10 feet high. Other features include shared amenity areas and outdoor collaborative spaces.

“Waypoint’s creative office layout allows companies to use their space in the way that best fits their organization,” said Harvard Investments President and CEO Craig Krumwiede. “That has helped us to attract a dynamic mix of corporate and technology-driven companies, creating a very stable tenancy and a true legacy project.”

Waypoint One is already fully leased to tenants including Ashton Woods, Udall Shumway PLC and the corporate headquarters for Nextcare. Waypoint Buildings Two and Three are fully leased to Mitel and Verra Mobility (formerly American Traffic Solutions), respectively, through single-tenant, long-term leases.

The first floor at Waypoint Four is occupied by engineering consulting firm EPS Group, who relocated and expanded into 27,283 square feet at the project in late 2018. Building Four has a remaining 10,800 square feet on the first floor available for lease, offering an efficient layout with lobby presence and a generous glass line that maximizes natural light for interior work spaces.

Dave Carder and Scott Boardman at Cushman and Wakefield are the property’s exclusive leasing brokers. LPC manages all four Waypoint buildings, part of the firm’s almost 10 million-square-foot Phoenix property management portfolio.

The 35-acre Waypoint project sits adjacent to Riverview, which offers 1.3 million square feet of retail, restaurants, entertainment and the upscale Sheraton and Hyatt Place hotels. Also within Riverview are Riverview Lake and Sloan Park, home of the Chicago Cubs spring training facility. Waypoint is located just six miles east of Phoenix Sky Harbor International Airport and is minutes from Arizona State University. It provides convenient access to Loop 101 at Rio Salado Parkway, and the Loop 202 at Dobson and Alma School roads.

Waypoint is also just minutes from the future site of Union, a 28.2-acre project being developed by Harvard and LPC along the Loop 202, just off of Dobson Road and Rio Salado Parkway. At build-out, Union will total 1.35 million square feet in four Class A buildings. Ranging from four to eight stories, buildings at Union will feature glass-heavy exteriors, large and open floorplates, high ceilings and rooftop amenity decks, all centered on a main pedestrian plaza with multiple water features, shaded gathering areas and outdoor rooms.

For more on Waypoint, visit the property website at www.waypointarizona.com. To discuss leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.

Tucson, AZ — 5151 E. Broadway | Kent Circle Partners (Scott Seldin, President), announces four new tenants and strong renewal activity this year. dailyVest, Inc., MindPlay (Methods and Solutions, Inc.), Summit Funding, Inc., are relocating their offices to 5151. The newest amenity in the building is Angel Serving Coffee X Change, a coffee counter now open, on the lobby level. Richard M. Kleiner and Thomas J. Nieman, Cushman & Wakefield | Picor Real Estate Services represented the owner in all of the transactions.

According to building owner Scott Seldin, “We are seeing robust lease interest and consistent renewal activity which coincides with the predicted positive economic outlook for Tucson this year. Coupled with spectacular views and a host of amenities, 5151 is a vibrant place to work and call home.”

• dailyVest, Inc., a fintech (financial technology) software company that brings over a decade of innovation and experience to financial service providers engaged in setting up and administering employer-sponsored retirement savings plans, occupies 1,022-square- feet. Jeff Casper with CBRE’s Tucson office represented the dailyVest, Inc. in this transaction.
• MindPlay (Methods and Solutions, Inc.), an educational software development company, moved in their 6,786-square-foot office space April 27th.
• Summit Funding, Inc., a top 40 private residential mortgage lender operating across the country, has leased 5,820-square-feet and plans to relocate mid-June. Toria Kaufman with Gallaway Commercial, LLC and Brandon Rodgers with Cushman & Wakefield | Picor represented Summit Funding, Inc. in this transaction.
• Angel Serving Coffee X Change serves specialty coffees and teas, beverages, juices, fresh fruit and pastries. The 146-square-foot coffee bar is open Monday through Friday, 7 am to 5 pm.

5151 E. Broadway has recently completed a multimillion-dollar renovation project. The installation of contemporary elevator cabs – including a state-of-the-art modernization program optimizing travel times – is one of a few of its kind in the state of Arizona.