CHADS’ STEAKHOUSE – 3001 N SWAN ROAD, TUCSON
Details are sketchy still, but the 4,158 sq. ft. iconic steakhouse at 3001 N Swan Road in Tucson, known for 22 years as Chad’s Steakhouse, that closed on April 25th is reported leased this week. The new tenant has a lease option on the property and we are told will re-brand it, more news on this property to follow as it becomes available. Kevin Kramber of Town West Realty of Tucson handled the transaction.

OFFICE SPACE – 1790 E RIVER ROAD, STE 300, TUCSON
Kinerk, Schmidt, & Sethi, PLLC, a personal injury law firm renewed its 5,009 sq. ft. lease at 1790 E. River Road, Suite 300 in Tucson from The Colton Company. Rick Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the tenant in this transaction

RETAIL SPACE – 4695 N ORACLE RD, TUCSON
R&S Mattress Tucson, LLC leased 3,720 square feet at 4695 N. Oracle in Tucson from 4695 N. Oracle Plaza Group, LLC. Greg Furrier, Principal and Jeff Zellet, Retail Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the tenant. This will be R&S Mattress’ 17th store in Arizona. It is expected to open in June.

OFFICE SPACE – 6565 E CARONDELET, STE 225, TUCSON
Dr. Richard A. Cohn, a Board Certified cardiologist practicing in Tucson since 1981, renewed the 1,996 sq. ft. lease at 6565 E. Carondelet, Suite225 in Tucson from Tucson II MOB Owner, LLC. Tom Knox, SIOR and Rick Kleiner, MBA, Principals and Office Specialists with Cushman & Wakefield | PICOR Commercial Real Estate Services, represented the landlord in this transaction.

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San Tan Valley News reports that the first Catholic Parish in the San Tan area, St. Michael theArchangel, held its ground breaking ceremony at 26035 N Apollo Dr., San Tan Valley on May 4th. The ground breaking is for the first phase of the complex– the Parish Hall, that will be used as a church until the congregation is ready to build. Bishop Gerald F. Kicanas was on-hand to conduct the ceremony.

The Parish Hall will be the first phase of the building project and will seat 1,000 people. The second phase will be the actual church, which will double the seating capacity. St. Michael the Archangel Parish has 19 acres on which to build and it is hoped that in the future the parish will also be able to build a Catholic school, community ball fields, a church office building and a Rectory

Eventually, the new church, located just offHunt Highwayand Arizona Farms Road, will be the largest church building in the Diocese of Tucson, with a planned 2,000 seating capacity. The Tucson Diocese shares a border with the Phoenix Diocese along the Pinal / Maricopa County line, just east of the Town of Queen Creek. It is in the oldest diocese in the State of Arizona and includes active parishes that are nearly 300 years old.

The San Tan Valley area supports 130,000 residents. The State has plans for development of much of the land between Hunt Hwy and US 60. That and the great distances between Catholic parishes in the area caused the Diocese to see and respond to the need for a new and large parish in San Tan Valley. Neighbouring Catholic parishes are in Coolidge, Florence, Apache Junction, Gilbert, and Queen Creek. St. Michael the Archangel Parish is the 77th parish in the Tucson Diocese.

CRVI H-AZCO, LLC, an affiliate of Cypress Real Estate Advisors of Austin, TX sold 45 finished residential lots to Lennar Homes of Arizona, a subsidiary of Lennar Corporation of Florida (NYSE:LEN), for $2.25 million, or $50,000 per lot in Eagle Crest Ranch V. Eagle Crest Ranch is a community of 640+ homes in northwest Tucson. Located 6 miles north of Tangerine Road on Oracle Rd., it offers spectacular Catalina Mountain Views with acres of state land to the north and east that provide a natural desert buffer with all kinds of wildlife.

Lennar Corporation (Stuart Miller, CEO) was founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of affordable, move-up and retirement homes in communities that cater to almost any lifestyle, urban, golf course, Active Adult or suburban. Lennar offers “everything included” homes in select communities.

Will White of Arizona Land Advisors in Tucson represented the seller in the transaction.

To reach Cypress Real Estate Advisors call (512) 494-8510. White can be reached at (520) 514-7454.