PHOENIX, Arizona – Los Angeles-based BH Properties announced today the purchase of Riverpoint – Building 2, a single-story, multi-tenant flex office building. The property located at 3100 E. Broadway in Phoenix was sold by a Nebraska investor, Vatnsdal Investments, LLC, for $5 million.

Eric Wichterman, Mike Coover, Larry Downey and Brett Thompson of Cushman & Wakefield Phoenix brokered both sides of the deal. Wichterman stated, “With the purchase of this recently vacated flex office building, BH Properties is well-positioned to create tremendous value through leasing the property to a single tenant on a long term lease.”

Riverpoint – Building 2, constructed in 2002, offers 61,316-square-feet of available space. Located on the northwest corner of 32nd Street and Broadway Road, just south of Phoenix Sky Harbor International Airport, the property features Broadway Road signage, close proximity to ASU and the airport and easy access to the I-10.

Larry Downey and Brett Thompson will also serve as the exclusive marketing agents for Riverpoint – Building 2. Downey stated, “This is a desirable location with 60,000-square-feet of vacant contiguous space and an abundance of parking space for future tenants.”

PHOENIX, ARIZONA – GLHN Architects & Engineers, Inc., an employee-owned firm with more than 50 years of expertise in healthcare and higher education projects, added to its expanding footprint in Arizona with hiring of two engineers, one in Phoenix and one in Tucson.

Ye Zhang, PE, joins the Phoenix office as an Electrical Engineer. She will also assist with business development. Tony Spence joins GLHN’s Tucson office as a Senior Electrical Engineer. His experience includes electrical design, power distribution, motor control, grounding, lighting and lightning protection.

Zhang, a native of Beijing, China, possesses 12 years of experience as an electrical engineer. She previously worked at SNC-Lavalin (Canada), SmithGroup, WSP and was an engineer for Katerra. Zhang earned a bachelor of engineering degree from Dalhousie University in Halifax, Nova Scotia, Canada.

Zhang’s philanthropy includes donating money to the Jane Goodall Institute and the Musical Instrument Museum in Phoenix.

“We were fortunate in obtaining two electrical engineers with the experience and enthusiasm that suit the needs of the Phoenix and Tucson offices,” said Robert Alcala, GLHN’s Electrical Engineering Department Manager.

Spence, a native of Alabama, possesses 30 years of engineering experience, including 11 with Boeing. He also worked at KEY Engineering and D&S Consulting Engineers. In his free time Spence enjoys hiking and playing the guitar and drums.

GLHN recently opened a Valley location with Russell Combs named Phoenix Office Lead. GLHN’s professionals are LEED Accredited Professionals in all disciplines. Its services include architecture and electrical, mechanical, and civil engineering.

GLHN excels at medical and laboratory facilities, utility master planning, design of central plants and underground utility distribution systems, complex multi-phased renovation projects, fleet vehicle maintenance facilities, and enhanced systems commissioning.

Sonora Behavioral Health Hospital 16,999 SF office lease highlights this week’s lease report.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 10 thru 14, 2019.

OFFICE – 3130 E BROADWAY BLVD, TUCSON

Sonora Behavioral Health Hospital, LLC leased 16,999-square-feet of office space, located at 3130 E. Broadway Blvd. in Tucson, from LC3130, LLC.  Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  John (Fletcher) Perry with Kidder Mathews, Inc., represented the tenant.

 

INDUSTRIAL – 975 W GRANT RD., STE 101, TUCSON

Distant Focus Corporation leased 8,000-square-feet of industrial space in Grant Interstate Commons, 975 W. Grant Rd., Suite 101 in Tucson, from Sundance Property Management, LLC.  Paul Hooker, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction; Michael Coretz with Commercial Real Estate Group of Tucson, LLC, represented the tenant.

 

RETAIL – 1700 S 6^TH AVE., TUCSON

ADDB Enterprise, Inc. (Meineke of Tucson) leased 7,528-square-feet of automotive retail space, 1700 S. 6th Ave. in Tucson, from Tin Cup Properties, LLC.  Ron Zimmerman, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction

 

OFFICE – CAMPBELL PLAZA, 2972 N CAMPBELL AVE., TUCSON 

Arizona Board of Regents leased 5,970-square-feet of office space in Campbell Plaza, 2972 N. Campbell Ave. in Tucson, from DSW JCR Tucson Retail Owner, LLC.  Thomas J. Nieman, Principal, and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

INDUSTRIAL – 720 E 46^TH STREET, TUCSON 

Portable Practical Educational Preparation, Inc. leased 4,070-square-feet of space in Solomon Industrial Park, 720 E. 46th St. in Tucson, from El Gato Investment Two, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

INDUSTRIAL – 712 & 716 E 46^TH STEET, TUCSON 

The Drop Dance Studio leased 3,885-square-feet of space in Solomon Industrial Park, 712 & 716 E. 46th St. in Tucson, from El Gato Investment Two, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

RETAIL – RANCHO SAHUARITA MARKETPLACE, SAHUARITA

Kebabaque Indian Grill leased 2,195-square-feet of restaurant space within The Rancho Sahuarita Marketplace from Rancho Sahuarita Commercial Ventures, LLC.   Kebabaque Indian Grill is a quick-service restaurant serving healthy and authentic Indian cuisine.  Rancho Sahuarita will be their second location in the Tucson market, in addition to Main Gate Square.  Dave Hammack and Aaron LaPrise, Principals and Retail Specialists with Cushman & Wakefield | PICOR, handled the transaction.

 

INDUSTRIAL – 1009 S EUCLID AVE, TUCSON

iTour Staging and Production, LLC leased 2,040-square-feet of space in Euclid Industrial Park, 1009 S. Euclid Ave. in Tucson, from Rich Rodgers South, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled in this transaction.

 

OFFICE – 2020 N FORBES BLVD., STE. 103, TUCSON

Illumination Systems, Inc. leased 2,016-square-feet of office space in Broadbent Business Park, 2020 N. Forbes Blvd., Suite 103 in Tucson, from Santo Tomas Partners, LLP.  Brandon Rodgers, SIOR, CCIM, and Ryan McGregor with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

OFFICE – 5403 & 5405 E PIMA ST., TUCSON

Soulshine of Tucson leased 1,816-square-feet of office space, 5403 & 5405 E. Pima St. in Tucson, from DBR Investment Properties, LLC.  Brandon Rodgers, SIOR, CCIM, Principal and Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

OFFICE – 1200 N EL DORADO PL., STE. H-810, TUCSON

The Anderson Financial Group, LLC leased 1,723-square-feet of office space in El Dorado Square, 1200 N. El Dorado Place, Suite H-810 in Tucson, from El Dorado Ventures, LLC.  Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  James Briggs, Jr. with Cornerstone Realty & Investment, represented the tenant.

 

INDUSTRIAL – 4141 E TENNESSEE ST., STE. 139, TUCSON  

TSCS, LLC leased 1,500-square-feet of space in Tucson Industrial Center, 4141 E. Tennessee St., Suite 139 in Tucson, from Tic Tac Partnership.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

OFFICE – 1955 WEST GRANT ROAD, TUCSON

Ministry Resource Institute leased 1,350-square-feet of office space in West Grant Centre, 1955 W. Grant Rd., Suite 185 in Tucson, from WestGrant Investors, LLC.  Molly Gilbert and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

RETAIL – 5623 E 22^ND STREET, TUCSON

Mares Massage leased 1,268-square-feet of retail space, 5623 E. 22nd St. in Tucson, from Robert Grunstein.  Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

INDUSTRIAL – 3235 S DODGE BLVD., TUCSON 

JNS Solutions, LLC leased 1,267-square-feet of industrial space, 3235 S. Dodge Blvd. in Tucson, from El Gato Investment Two, LLC.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

RETAIL – THE SHOPPES AT TANGERINE CROSSINGS, MARANA

Precious Metals Refinery leased 1,200-square-feet of retail space within The Shoppes at Tangerine Crossings, 12050 N. Thornydale Rd. in Marana.  This will be PMR’s fourth Tucson location.  Aaron LaPrise, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction; Kevin Volk with Volk Company, represented the tenant.

 

RETAIL – SWC SUNRISE & KOLB, TUCSON 

Cost Cutters renewed their lease for 1,200-square-feet at Ventana Village, located at the SWC of Sunrise Dr. and Kolb Rd. in Tucson, from EREP Ventana II, LLC.  Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

INDUSTRIAL – 3820 E 44^TH ST., STE. 424, TUCSON

The Free State of Baja Arizona, LLC leased 1,100-square-feet of industrial space at 3820 E. 44^th St., Suite 424 in Tucson, from RR 44, Inc.  Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

 

OFFICE – 1955 WEST GRANT RD., TUCSON 

Easy Systems, Inc. leased 1,085-square-feet of office space in West Grant Centre, 1955 W. Grant Rd., Suite 165 in Tucson, from WestGrant Investors, LLC.  Ryan McGregor and Molly Gilbert, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 

RETAIL – COLONIA VERDE SHOPPING CENTER, TUCSON 

AT&T, leased 1,000-square-feet of retail space in Colonia Verde Shopping Center located at the NEC of Tanque Verde and Sabino Canyon Rds. in Tucson, from ROK Colonia Verde, LLC.  Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction; Jesse Peron with CBRE, represented the tenant.

 

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