Vestis Group completed the sale of 1.3 Acres of C-3 Zoned land, located at 22001 North Scottsdale Road in North Scottsdale, for $1.2 million or $21 per square foot.

Phoenix, Arizona – Vestis Group, a commercial brokerage, investment and development firm, is pleased to announce the sale of 1.3 Acres of C-3 Zoned land, located at 22001 North Scottsdale Road in North Scottsdale, for $1,200,000 or $21 per square foot. The Phoenix based Vestis Group commercial brokerage team of

Natan Jacobs and Matt Morrell negotiated the transaction on behalf of the buyer, a private investor from Scottsdale, Arizona. Brad Douglass and Mark Bramlett of Cushman Wakefield represented the seller, Focha LLC from Scottsdale, Arizona.

The subject property, located at 22001 N Scottsdale Rd, Scottsdale, AZ 85255, features direct access to the Loop 101 Freeway, within 1.5 miles, and is situated across Miller Road from the mixed-use development, “Silverstone,” formerly Rawhide. Silverstone will ultimately consist of 976 homes, an independent and assisted living facility, Vi at Silverstone, as well as office and retail space. Nearby resort/hotels include: The Boulders, Fairmont Scottsdale Princess, JW Marriott Phoenix Desert Ridge Resort & Spa, The Westin Kierland Resort & Spa Phoenix-Scottsdale, and Four Seasons Resort Scottsdale At Troon North.

Phoenix, Ariz. – Tour de Ren kicks off on Friday, April 26, from 3:00 pm – 5:00 pm to raise money for the patients at Phoenix Children’s Hospital. This high-energy outdoor spin cycle event is being held at Renaissance Square, located at the corner of Central and Washington in downtown Phoenix, and generously hosted by Oaktree Capital Management, Cypress Office Properties, Hines and Lee & Associates.

“Our Ren Square family is honored to host and participate in this fun event and worthwhile cause. We invite the Phoenix community to join us for Tour de Ren in support of Phoenix Children’s Hospital and the many families they serve,” Mark Wayne, Principal at Cypress Office Properties.

Join this fun and inspiring, family-friendly event by sponsoring a bike for a $1,000 donation and help patients like this year’s honor patient, Morgan Schnorr. Gather friends, family and colleagues to take turns on the spin bike and enjoy a live DJ and spin instructors while supporting the greater Phoenix community. No spinning or cycling experience is required to participate and have a great time.

Just days before her 4^th birthday, Morgan and her family received the news that she had cancer – words no parent ever wants to hear. Over the next six months, Morgan spent countless days, nights and even weeks at Phoenix Children’s Hospital fighting for her life. Despite many challenges, in January 2019 Morgan was flown to Los Angeles where she received a liver transplant.

“Phoenix Children’s Hospital is near and dear to our hearts. From the security and receptionist when you first enter the Hospital, all the way up to the nurses and doctors, there is a comforting feeling that my wife and I now have. Everyone at Phoenix Children’s will always be a special part of our family, and we will forever be grateful for Morgan’s second chance at life!” Thomas Schnorr, Morgan’s dad.

Visit rensquarephx.com to make a donation or to become a bike sponsor. Every donation to Tour de Ren will help patients like Morgan and raise much-needed awareness and funds to cure childhood cancers.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 25 thru 29, 2019.

OFFICE – 7202 E ROSEWOOD, TUCSON
Arizona Health Care Cost Containment System (AHCCCS) leased 17,914-square-feet of office space at 7202 E. Rosewood from DTA Ventures. Vicki Robinson with JLL represented the Tenant, Buzz Isaacson Realty, LLC represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $22.00 SF/YR (Ask) Full Service Gross[/mepr-show]

OFFICE – 4574 N. 1st AVE., TUCSON
Watermark Retirement Communities leased 7,920-sqaure-feet of office space at 4574 N. 1st Avenue from Butkus Ventures LLC. Buzz Isaacson Realty, LLC represented both the Landlord and the Tenant. [mepr-show rules=”58038″]Asking lease rate: $16.00 SF/YR (Ask) Modified Gross[/mepr-show]

OFFICE – 2502 E. RIVER RD., TUCSON
Miramonte Homes leased 4,572-square-feet of office space at 2502 E. River Road, Tucson form Lot One on Hacienda, LLC. Buzz Isaacson Realty, LLC represented both the Landlord and the Tenant. [mepr-show rules=”58038″]Asking lease rate: $24.00 SF/YR (Ask) Modified Gross; Tenant Phone: 520.615.8900[/mepr-show]

RETAIL – 3007 E. SPEEDWAY BLVD., TUCSON
FD Arizona, LLC, the franchisee of Famous Dave’s Bar-B-Que in Tucson, has signed a lease for 2,037-square-feet at 3007 E. Speedway Blvd, Tucson, AZ in the Speedway Center, located at the northwest corner of Speedway Blvd. and Country Club Road. The El Paso, Texas based franchisee is owned by Alejandro Orozco. He also owns nine other Famous Dave’s Bar-B-Que Restaurant throughout Texas, Nevada and Arizona. The new location is expected to open in April 2019 and is the relocation of the restaurant that was at the corner of Oracle Road and Auto Mall Drive, which closed March 9, 2019. Craig Finfrock of Commercial Retail Advisors, LLC represented the Tenant, FD Arizona, LLC, and the Landlord was represented by Greg Furrier of Cushman & Wakefield | PICOR in this lease transaction.

RETAIL – 4695 N. ORACLE RD., TUCSON
WLJ & Company, LLC dba Mian Sichuan, leased a 1,200-square-foot restaurant in North Oracle Plaza, 4695 N. Oracle Road. Gordon Wagner and Dave Dutson with NAI Horizon represented the parties in this transaction. [mepr-show rules=”58038″]Asking lease rate: $12.00 – $19.00 SF/YR (Ask) NNN[/mepr-show]

Send sales and leases to [email protected]