PHOENIX, Arizona – CBRE has arranged the $1.85 million sale of a single-tenant Denny’s ground lease located at 3160 West Carefree Highway in Phoenix. The 4,836-square-foot building is located in the heavily trafficked Tramonto Marketplace shopping center along the Carefree Highway and the I-17 freeway.

Joseph R. Compagno with CBRE’s Net Lease Property Group in Phoenix represented the Arizona-based seller. Brett Visintainer with Visintainer Group represented the buyer, Calif.-based YI Ranches, LP.

“We received nine all-cash offers within five days of taking the property to the market,” said CBRE’s Compagno. “The buyer paid $50,000 over list price to secure the opportunity. This is a great example of the power of the largest investment sale platform in the world, and the strength of our proprietary databases here at CBRE.“

A new Country Western themed bar and grill highlights the commercial leases this week.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 22 thru 26, 2019.

RETAIL – 2265 W. INA ROAD, TUCSON
Whiskey Roads, located on the southwest corner of Ina Rd. and La Cholla Blvd. in Tucson, leased the 6,505-square-foot former Macaroni Grill from Casa Adobes Baptist Church.  The new country and western themed bar and grill, a concept conceived by the Putney’s operating group, will offer a fresh menu, full bar, patio dining and dancing.  Greg Furrier and Aaron LaPrise, Principals and Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord; Greg Wexler with Wexler and Associates, represented the tenant.

OFFICE – 3250 N. CAMPBELL AVE., TUCSON
American Dental Partners of Arizona, LLC leased 4,684-square-feet of retail space in Campbell Square, 3250 N. Campbell Ave., Suite 120 in Tucson, from Campbell Square, LLC.  Aaron LaPrise, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Pepsi Windland with Colliers International, represented the tenant.

INDUSTRIAL – 3710 S. PARK AVE., TUCSON
Solgen Power, LLC leased 2,470-square-feet of industrial space in Gateway Industrial Park, 3710 S. Park Ave., Suites 705-707 in Tucson, from William Lee, LLC.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.40 SF/YR NNN[/mepr-show]

RETAIL – 2922 E. 22^nd ST., TUCSON
Zenith Vape, LLC leased 1,500-square-feet of retail space in El Sol Shopping Center, 2922 E. 22nd St. in Tucson, from RRL, Inc.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.88 – $14.52 SF/YR Modified Gross; Tenant Phone: 520.396.4064[/mepr-show]

RETAIL – 2920 E. 22^nd ST., TUCSON
Radio Vision, US leased 1,490-square-feet of retail space in El Sol Shopping Center, 2920 E. 22nd Street in Tucson, from RRL, Inc.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate:  $8.88 – $14.52 SF/YR Modified Gross; Tenant Phone: 520.409.1942[/mepr-show]

RETAIL – 13380 E MARY ANN CLEVELAND WAY, VAIL
Apex Physical Therapy, LLC leased from Vail-SSC, LLC an additional 1,431-square-feet of retail space, Suite 134, for a total of 3,000 square feet, in the Safeway Shopping Center in Vail.  Aaron LaPrise, Principal & Retail Specialist with Cushman & Wakefield | PICOR, handled the transaction on behalf of the landlord. [mepr-show rules=”58038″]Tenant Phone: 623.594.9034[/mepr-show]

RETAIL – 6330 E. GOLF LINKS RD., TUCSON
GK Company, LLC, dba Variety H20 + Ice Cream, has signed a lease for 1,220-square-feet at 6330 E. Golf Links Rd., Tucson, AZ in the Safeway Plaza at Golf Links shopping center, located at southeast corner of Golf Links and Wilmot Roads.  Variety H20 + Ice Cream serves a variety of purified water, such as reverse osmosis, Alkaline, and Ozonated, as well as ice cream, milkshakes, and shaved ice. Variety H20 is expected to open in June 2019.Craig Finfrock of Commercial Retail Advisors, LLC represented the Tenant, GK Company, LLC, and the Landlord was represented by Rob Tomlinson and Greg Furrier of Cushman & Wakefield | PICOR in this lease transaction.

RETAIL – RANCHO SAHUARITA MARKETPLACE, SAHUARITA
Coates Vein Clinic leased 1,200-square-feet, Suite 150, in Rancho Sahuarita Marketplace.  Rancho Sahuarita Marketplace, anchored by Fry’s Marketplace, is located at Interstate 19 and Sahuarita Rd. in Sahuarita, AZ.  Dave Hammack and Aaron LaPrise, Principals and Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord, Rancho Sahuarita Commercial Ventures, LLC, in this transaction.  Tom Campbell with Long Realty Company, represented the tenant.

RETAIL – 70 W. FORT LOWELL RD., TUCSON
Church of Christ leased 1,145-square-feet of retail space in Acacia Square, 70 W. Fort Lowell Rd. in Tucson, from RRL, Inc.  Ramiro Scavo and Max Fisher, with Cushman & Wakefield | PICOR, handled this transaction.

PHOENIX, ARIZONA – Long-term leases for two popular Valley restaurants – Zipps Sports Grill at Park Central in Phoenix and Filiberto’s Mexican Food in Anthem – highlight recent deals closed by NAI Horizon professionals.

LEASE TRANSACTIONS:

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Zipps Park Central, LLC, in a 120-month retail lease for 6,506 SF at 3110 N. Central Ave., Phoenix, AZ. Brent Mallonee with Cushman & Wakefield represented the landlord, HPPC, LLC.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Orange Center, LLC, in a 120-month retail lease with Filiberto’s Mexican Food for 2,800 SF at 3632 W. Anthem Way, Phoenix, AZ.

Tyler Smith, Joe Pequeno and Troy Giammarco represented the landlord, Bay Pacific Phoenix Corporate Center, LLC, in a 52-month office lease for 6,154 SF at 10030 N. 25^th Ave., Phoenix, AZ. Kate Morris with CBRE represented the tenant, VHS Outpatient Clinics, Inc.

Mark Wilcke represented the landlord, ICC Tempe, LLC, in a 60-month industrial lease for 9,974 SF at 2507 E. Erie Dr., Tempe, AZ. Josh Wyss with Cushman & Wakefield represented the tenant, Pan Jit Americas, Inc.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 72-month retail lease with Incredible Escape Rooms, LLC for 7,200 SF at 4925 W. Bell Road, Phoenix, AZ.

Lori Kahn and Tyler Smith represented the tenant, Integrity Pain and Anesthesia, PLLC, in a 75-month office lease for 2,506 SF at 6677 W. Thunderbird Road, Glendale, AZ. Megan Reeves with Plaza Companies represented the landlord, Christian Consulting, Design & Engineering, LLC.

Joan Krueger represented the landlord, San Tan Irrigation District, in a 120-month office lease for 1,616 SF at 3978 E. Chandler Heights Road, Gilbert, AZ. Mary Nollenberger with SVN Desert Commercial Advisors represented the tenant, HODB, LLC.

Kevin Higgins represented the landlord, Bogle Family Realty, in an 84-month office lease for 1,553 SF at 7227 N. 16^th St., Phoenix, AZ. Dave Heiple with Heiple Travers Realty represented the tenant, The Board of Visitors.

Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 62-month retail lease for 3,321 SF at 11001 N. 99^th Ave., Peoria, AZ. The tenant, Embrace Life, Inc., represented itself.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Los Rios Farms, Inc., in a 24-month retail lease with Yoga Breeze Serenity Shala, LLC, for 2,640 SF at 4705 E. Carefree Highway, Cave Creek, AZ.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 38-month retail lease for 1,297 SF at 4915 W. Bell Road, Phoenix, AZ. Douglass Lee with Phoenix West Commercial, LLC represented the tenant, Milesbrook, LLC.

Matt Harper, CCIM, represented the landlord, M&N Realty, LLC, in a 36-month retail lease for 1,227 SF at 12020 S. Warner Elliot Loop, Phoenix, AZ.  Tom Wolf with West USA Realty represented the tenant, FSquared Partners VI, LLC.

Laurel Lewis represented the tenant, Mazen, LLC, in a 24-month office lease for 1,500 SF at 7642 E. Gray Road, Scottsdale, AZ. Mike Kane with Colliers represented the landlord, Thunderbird Aero.

Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 37-month retail lease for 1,342 SF at 6445 N. 51^st Ave., Glendale, AZ. The tenant, Mint Furniture Company, LLC, represented itself.

Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 24-month retail lease for 1,344 SF at 6445 N. 51^st Ave., Glendale, AZ. The tenant, Herbalife, represented itself.

Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 25-month retail lease for 831 SF at 11001 N. 99^th Ave., Peoria, AZ. The tenant, Freedom Roofing and Restoration, LLC, represented itself.