Contract will fund Tactical Boost Glide system

TUCSON, Ariz., — Raytheon Company (NYSE: RTN) won a $63.3 million DARPA contract to further develop the Tactical Boost Glide hypersonic weapons program. The joint DARPA and U.S. Air Force effort includes a critical design review, a key step in fielding the technology.

For a tactical-range boost glide weapon to achieve hypersonic speeds – velocities greater than Mach 5 – “a rocket accelerates its payload to high speeds. The payload then separates from the rocket and glides unpowered to its destination,” according to the DARPA website.

“This latest contract adds to Raytheon’s growing number of hypersonic weapons programs,” said Dr. Thomas Bussing, Raytheon Advanced Missile Systems vice president. “Raytheon is working closely with our customers to quickly field these advanced weapon systems and provide our nation’s military with the tools they need to stay ahead of the escalating threat.”

Hypersonic weapons will enable the U.S. military to engage from longer ranges with shorter response times and enhanced effectiveness compared to current weapon systems.

PHOENIX, Arizona – CBRE has completed the $1.78 million sale of a new single-tenant property leased to Dutch Bros Coffee, located at 602 South Beeline Highway in Payson, Ariz. The 824-square-foot building, which was developed by SimonCRE as a build-to-suit for Dutch Bros, is the first Dutch Bros in Payson and benefits from the year-round tourism in the area.

Joseph R. Compagno and Benjamin Farthing with CBRE’s Phoenix office represented both the seller, Arizona-based developer, SimonCRE, and the buyer, Calif.-based Forman Family Trust.

“This project and sale really show the strength of Dutch Bros in the consumer market as well as the investment market,” said Joshua Simon, Founder and Chief Executive Officer, SimonCRE. “We knew this would be an attractive property with a significant potential for success in this area. We’re excited to have been a part of it.”

“We sourced a Northern California 1031 exchange buyer who was specifically looking for a new Dutch Bros Coffee investment,” said CBRE’s Farthing. “The buyer was attracted to the long-term, 15-year corporate lease and the company’s growth. We anticipate increased buyer demand for Dutch Bros moving forward.”

Dutch Bros Coffee was founded in Oregon in 1992 and has over 300 locations in seven States with plans to grow to 800 stores in the next five years.

PIMA COUNTY, ARIZONA — The Board of Supervisors on March 5 approved a proposal for the Pima County Regional Flood Control District (District) to partner with a private land developer on a bank protection project in Marana that also will extend the Chuck Huckelberry Loop along the north bank of the Cañada del Oro Wash (CDO) between Interstate 10 and Thornydale Road.

The plan calls for soil cement bank protection, an underpass where the river channel passes beneath the Union Pacific Railroad and I-10, and a paved maintenance road. The project will be completed in two phases with placement of bank protection first, followed by work on the river park.

The developer, Alta Vista Communities, will cover most of the cost of construction with the County’s Regional Flood Control District funding only the underpass ramp and half of the bank protection. The District also will review and approve the plans, hire the project’s contractor and oversee management of the work. It also will retain a right-of-way for future maintenance and repair activities. The County’s Native Plant Nursery will provide cactus and other landscaping for the river park.

“This project will protect some important infrastructure: the railroad tracks, Kinder-Morgan pipeline, I-10 and the frontage road, and wastewater lines,” Flood Control Division Manager Andy Dinauer said. “It will also provide another access point to the Loop from the west side of Thornydale.”

Final plans for the project remain in development. The Union Pacific Railroad must sign off on the proposed underpass before construction begins.