KFC Closes on Tucson Marketplace at the Bridges Site

TUCSON, Arizona – STRR Investments of Houston (Rehman Ahmed (manager) has closed on a 39,120-square-foot pad at Tucson Marketplace at the Bridges. For $675,000 ($17.25 PSF). The site in located north of the northeast corner of Kino Parkway and Tucson Market Place Blvd.

KFC is joining Mister Car Wash, Discount Tire and Culver’s at this section of the Tucson Marketplace along with a potential Dutch Bros next door. Tucson Marketplace is a 1 million-square-foot mixed use master planned commercial development.

The U.S. chicken chain based in Louisville, KY has been doing something in 2019 that it hasn’t done in 15 years: add more locations. KFC has shrunk by 1,400 locations since 2004 but expects to change direction this year. To do this, the chicken chain is providing incentives to operators who build new units. It is also finding new places to put new restaurants, focusing more on nontraditional locations and eyeing urban, inline locations the chain has abandoned in recent years. While the chain is focused on new units, it is also working to keep closures to a minimum.

Chad Russell and Randy Titzck of Land Advisors Organization in Phoenix represented the Canadian–based seller, Fullerton Tucson Kino Parkway. Greg Saltz, Marty Olejarczyk (Marty O.) and Jesse Rozio with GPS Retail Advisors represent KFC and Dutch Bros in Arizona.

For more information, Russell and Titzck should be contacted at 480.483.8100. Saltz, Olejarczyk, and Rozio can be reached at 480.603.6892.

To learn more, see RED Comp #6774.




TEP Offers Summertime Tips for Home Energy and Commercial Efficiency Discounts

TUCSON, Arizona – With triple digit temperatures now here, Tucson Electric Power (TEP) is offering easy energy-saving tips for residential customers who typically use more energy this time of year.

Commercial and industrial customers can also take advantage of increases summertime rebates for the purchase of energy efficient air conditioners, programmable thermostats and other upgrades.

Air conditioner and other home cooling systems typically use more energy as temperatures rise, working harder to maintain indoor temperatures even if the thermostat is left untouched all summer long. Although summer thunderstorms may bring some relief from the afternoon heat, increased humidity can drive energy bills even higher.

TEP customers can follow these tips to help reduce their summertime cooling costs.

  • Adjust your thermostat. Start at 78 degrees, then adjust to the highest comfortable summertime temperature. Every degree you raise your thermostat can reduce your overall energy costs by about 2-3 percent. Also, consider installing a Nest Learning Thermostat, which can automatically adjust the temperature to your preferences and help reduce your energy costs by up to 20 percent, according to the manufacturer. TEP offers $35 rebates to residential customers who purchase these thermostats.
  • Check your air conditioner. Have your central air conditioning system tuned up to make sure it will operate as efficiently as possible during the summer. Dirty or clogged filters restrict airflow and will make your cooling system work harder and sue more energy.
  • Keep windows and doors closed and covered. Keep exterior doors and windows closed tightly and close window coverings in the morning before it gets hot. Installing thermal blinds or draperies can reduce radiant heat in your home. Also, caulk or install weather stripping around windows and doors to keep hot air outside and cool air inside.
  • Become a fan of fans. Use ceiling or oscillating fans to keep air moving so you feel cooler without increasing air conditioner use.

Find more energy-saving tips at https://www.tep.com/residential-energy-saving-tips

Customers can learn more about their energy use by reviewing their monthly, daily and hourly electric usage and energy demand on TEP’s website and mobile apps. Customers on time-of-use or demand pricing plans can use this information to make changes that can help to reduce their monthly energy expenses even if their overall usage remains the same.

COMMERCIAL EFFICIENCY REBATES

TEP is increasing rebates for select commercial energy efficiency upgrades from ow until the end of August. These rebates will cover up to half of the incremental cost of choosing and energy-efficient option, reducing the up-front expenses of projects that can generate long-term energy cost savings.

Rebates are available on a first-come first-served basis. Some of the rebates include:

  • Air conditioning, heating and ventilation: Savings can range from $135 to $550 per unit, depending on the size and type of product. Rebates usually are up to $260 per unit.
  • Programmable thermostats: Rebates of up to $130 each, compared to $40.
  • Shade screens: Rebates of $2 per square foot, instead of $1.
  • Strip curtains: Rebate of $5 per square foot, compared to $2.50. Strip curtains commonly are used to keep cold air from escaping walk-in refrigerators.

During TEP’s summer promotion, small commercial customers will receive an additional $40 in savings to help cover the costs of applying for rebates.

In addition to the summer promotion, TEP provides rebates for other energy-efficiency improvements, including lighting, motors and compressors. More information is available at www.tep.com/commercial-rebates

TEP provides safe, reliable electric service to approximately 425,000 customers in Southern Arizona. For more information, visit www.tep.com. TEP and its parent company, UNS Energy, are subsidiaries of Fortis, Inc., which owns utilities that serve more than 3 million customers across Canada and the United States and the Caribbean. For more information, visit www.fortisinc.com

 

 

 

 




CBRE Arranges $19.55 Million Land Sale for Planned Residential and Retail Mixed-Use Project in Mesa, Ariz.

Phoenix, Arizona – CBRE completed the $19.55 million ($112,356 per acre) land sale of 174 acres near Phoenix-Mesa Gateway Airport in Mesa, Ariz.

Jason Hyams and Dave Headstream of CBRE’s Land Services Group represented the seller, Woodlands, Texas-based Eugene DeMuro. The buyer was Signal Butte 24 LLC, formed by W Holdings and Freedom Communities, LLC.

Located at Signal Butte Road and Williams Field Road in Mesa, the site is part of a development called Destination at Gateway. Originally planned for industrial, the land was recently approved and zoned for a mixed-use development and is pre-platted for 709 single-family homes, a for rent housing component and retail.

The land is located south of Eastmark and Cadence, two premier master-planned communities in the East Valley. Today, nearly one-third of Phoenix metro residents live in the East Valley, and population growth in the East Valley is projected to more than double the U.S. annual rate of growth (0.8 percent) over the next five years, according to CBRE Research.

“The location of this site coupled with the planned expansion of State Route 24 in the area, make this a premier spot for a mixed-use development comprised of retail and housing,” said CBRE’s Hyams. “After a several year process working with the buyer, seller and other parties to approve this use, we are thrilled to see this transaction come to a close.”