Use of funds would be limited to arterial and collector roads with widespread usage

PIMA COUNTY – In a memo to the Board of Supervisors Jan. 30, Pima County Administrator Chuck Huckelberry has recommended the board consider using a portion of the General Fund to repair arterial and collector streets as part of its fiscal year 2020 budget discussions this spring.

The Pima County Department of Transportation conducted an analysis of arterial and collector roads in the unincorporated areas to determine the residency of motorists who use the roads. This was done to assess the efficacy of using primary property tax funds to pay for road repairs and pavement rehabilitation.

Because all property owners in Pima County pay property taxes regardless of municipal residency, the County Administrator and Department of Transportation officials believe it is important that any expenditure of primary property taxes produce as much of a regionwide benefit as possible. To ensure this tax equity, the Department chose to consider only the roads in the unincorporated areas where at least 40 percent of users reside in the cities or towns of Pima County.

In addition, the Department has included recreational gateway roads that lead to popular regional recreational and tourism destinations. These roads were included because they are frequently trafficked by out-of-area visitors who contribute to the regional tourism economy through lodging bed taxes.

If the Board approves the use of the General Fund for road repairs, prioritization of the roads to be repaired would be determined after the start of the 2020 fiscal year.

Local or neighborhood roads were not considered for the proposed repair and rehabilitation program. The Department of Transportation and county administration are working on a separate plan for repairs of those roads using state shared transportation funds.

The memo linked here includes a map and list of roadways that potentially qualify for repair and rehabilitation under the methodology the Department of Transportation devised.

The County Administrator is expected to submit his recommended FY 2020 budget to the board in April and the board will hold budget hearings in May.

Phoenix, AZ – ABI Multifamily, the Western US’ leading multifamily brokerage and advisory services firm, is excited to announce Jack Hannum has joined the firm as Senior Vice President in the company’s Phoenix Office. Hannum will focus on enhancing the firm’s Institutional presence, primarily focusing on properties of more than 150-units.

John Kobierowski, Senior Managing Partner, states, “We’ve wanted to add Jack to our team for quite a while, and we’re thrilled the timing has finally worked out. His down to earth, pragmatic approach to business fits perfectly with our company culture, and his background and expertise in finance and deal structure deepens our suite of skills and service offerings even more. Jack brings an excellent pedigree of strong client relationships. People love working with him, and we’re glad he’s now working with us.”

After four years of service in the U.S. Navy onboard USS Princeton (CG 59), during which he participated in Operation Desert Storm, Jack graduated magna cum laude from California State University, Northridge with a B.S. in business and finance. A long-time Phoenix resident, he has spent more than 20 years serving commercial real estate clients and guiding them through an array of complex transactions.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from January 28 – Feb. 1, 2019.

INDUSTRIAL – 4000 E COLUMBUS ST., TUCSON
Morsco Supply Co. leased a 20,485-square-foot Industrial space located at 4000 East Columbus Street from JSL Properties, LLC. Tim Healy of CBRE’s Tucson office represented the landlord and Chris McClurg of Lee and Associates represented the tenant. [mepr-show rules=”58038″]Tenant contact HQ Texas: 877.709.2227[/mepr-show]

RETAIL – 497 W AUTO MALL DR., TUCSON
David’s Bridal, Inc. leased 10,000-square-feet at 497 W. Auto Mall Drive at Oracle Road, across the street from Tucson Mall. The wedding apparel and accessory company intends on upgrades to feature its new store look and branding in its only store in the Tucson market. Nancy McClure, CBRE, represented the Landlord, Solar Holdings, LLC, in the transaction and Amanda Aaron, CBRE in Dallas, Texas, represented David’s Bridal, Inc.  Scott Key, David’s Bridal CEO stated on the company’s web site; “we’ve been listening and heard from you that affordable prices are more important than ever, in response, we’re excited to re-introduce some of your favorite styles at a new lower price.” [mepr-show rules=”58038″]Tenant contact: 520.408.0825[/mepr-show]

INDUSTRIAL – 3280 E. HEMISPHERE LP., STE 180, TUCSON
Ruda-Cardinal, Inc. leased at 5,559-square-foot industrial space at Sierra Valencia, 3280 E Hemisphere Loop #180 from Sierra Valencia Properties. Tim Healy of CBRE’s Tucson office handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $7.20 / SF / IG; tenant contact: 520.546.1495[/mepr-show]

INDUSTRIAL – 2460 W RUTHRAUFF RD., STE. 190-194, TUCSON
Zimmer US, Inc. leased 3,300-square-feet at 2460 W. Ruthrauff Rd., Suites 190-194 in Tucson, from Presson Scottsdale, LLC.  Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord; Pat Welchert with Alpha Commercial, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $8.64 / SF / IG; lease rates range from $8.40 – $9.84 / SF / IG[/mepr-show]

RETAIL – 3995 E GRANT RD., STE 201, TUCSON
Tax Services of America, Inc. (DBA:  Jackson Hewitt Tax Services) leased 2,600-square-feet at 3995 E. Grant Road, #201 in the Northgate Plaza Shopping Center at Grant Road and Alvernon Way. Nancy McClure, CBRE, represented the Landlord, STROMIGA , L.P. and Jackson Hewitt was self-represented in the transaction. [mepr-show rules=”58038″]Tenant contact: 520.829.9649[/mepr-show]

OFFICE – 333 E WETMORE RD., TUCSON
H. Robinson Worldwide, Inc. has leased 2,557-square-feet at 333 E. Wetmore Road, Tucson, Arizona.  Phil Skillings and Andrew Sternberg with NAI Horizon represented the landlord and Ryan McGregor and Leah Larson-Taylor with PICOR Cushman Wakefield represented the tenant in this transaction.[mepr-show rules=”58038″] Tenant contact: 520.624.5844[/mepr-show]

RETAIL – 3901 E GRANT RD., STE 107, TUCSON
Hair Land Plus, Inc. (DBA:  Hair Club Beauty Supply) leased 2,500-square-feet at 3901 E. Grant Road, #107 in the Northgate Plaza Shopping Center at Grant Road and Alvernon Way. Nancy McClure, CBRE, represented the Landlord, STROMIGA , L.P. in the transaction. Hair Land is a locally-owned retailer that specializes in the sale of wigs, hair pieces, accessories and beauty supplies.[mepr-show rules=”58038″] Asking lease rate with first year incentive: $11 / SF / NNN and going to $18 / SF / NNN; Tenant contact: 520.325.3115[/mepr-show]

RETAIL – SWC STONE & RIVER, TUCSON
Starbucks Coffee Company leased 2,200-square-feet at the southwest corner of Stone Ave. & River Rd. in Tucson, from Brixmor Holdings 1 SPE, LLC. The store will be a freestanding building with a drive-through lane, which will replace the Starbucks store currently located across River Rd. and Stone Ave.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Address: 98 West River Road, Asking lease rate: $17.50 / SF / IG; tenant contact: 520.664.2210[/mepr-show]

INDUSTRIAL – 4101 S LONGFELLOW AVE, STE. 103, TUCSON
Dynamic Manufacturing and Engineering, LLC leased 2,100-square-feet at 4101 S. Longfellow Ave., Suite 103 in Tucson, from Longfellow Commercial, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.20 / SF/ IG; Tenant contact: 520.664.2210[/mepr-show]

RETAIL – PLAZA TEC, STE 30, NOGALES, MEXICO
AXA Seguros leased 1,517-square-feet at Plaza Tec, Suite 30, in Nogales, Sonora, Mexico, from Nogales Realty Group.  Michael Hammond, SIOR, and Denisse Angulo-Badilla, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant this transaction.

INDUSTRIAL – 2075 W GARDNER LN., TUCSON
Green Desert Tucson, LLC leased 1,500-square-feet at 2075 W. Gardner Lane in Tucson, from Windmill Development, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $8.40 / SF / IG[/mepr-show]

OFFICE – 3538 N ROMERO RD., STE. 124, TUCSON
Redbox Automated Retail, LLC renewed their lease for 1,500-square-feet at 3538 N. Romero Rd., Suite 124 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.64 / SF / MG; tenant contact: 480.446.2899[/mepr-show]

OFFICE – 3538 N ROMERSO RD., STE 190, TUCSON
B2B Delivery, LLC renewed their lease for 1,500-square-feet at 3538 N. Romero Rd., Suite 190 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.64 / SF / MG; tenant contact: 520.742.9622[/mepr-show]

OFFICE – 3538 N ROMERO RD., TUCSON
Southern Arizona Maintenance Service, LLC renewed their lease for 1,500-square-feet at 3538 N. Romero Rd., Suites 136 and 142 in Tucson, from Costa Verde Investments, LLC. Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.64 / SF / MG[/mepr-show]

OFFICE – 3538 N ROMERO RD., TUCSON
Steven L. Graves Enterprises, Inc. renewed their lease for 1,500-square-feet at 3538 N. Romero Rd., Suite 106 in Tucson, from Costa Verde Investments, LLC.   Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.[mepr-show rules=”58038″]Asking lease rate: $8.64 / SF / MG[/mepr-show]

INDUSTIAL – 3820 E 44^TH ST., STE 420, TUCSON
Ronald Kelley leased 1,100-square-feet at 3820 E. 44^th St., Suite 420 in Tucson, from RR44, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $7.20 / SF / IG[/mepr-show]

OFFICE – 555 E RIVER RD., TUCSON
Wayfinder BK, LLC has leased 951-square-feet at 555 E. River Road, Tucson, Arizona.  Andrew Sternberg with NAI Horizon handled this transaction for both parties. [mepr-show rules=”58038″]Asking lease rate: $21 / SF / Full Service; Tenant contact: 844.411.7000[/mepr-show]

OFFICE – ONE E CONGRESS, STE. 140, TUCSON
Aeris Dental Downtown, LLC leased 775-square-feet at One E. Congress, Suite 140 in Tucson, from Holualoa Congress, LLC.   Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant;  Buzz Isaacson with Buzz Isaacson Realty, represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $12 / SF/ full service; Tenant contact: 520.812.7484[/mepr-show]

INDUSTRIAL – 3830 E 44^TH ST., STE 560, TUCSON
Photonic Materials, LLC leased 750-square-feet at 3830 E. 44^th St., Suite 560 in Tucson, from RR44, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.[mepr-show rules=”58038″] Asking lease rate: $7.20 / SF / IG[/mepr-show]

INDUSTRIAL – 3210 S DODGE BLVD., STE 2, TUCSON
Eric Wilson leased 572-square-feet at 3210 S. Dodge Blvd., Suite 2 in Tucson, from Presson Corporation.  Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.16 / SF/ IG[/mepr-show]

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