The following commercial leases were reported to Real Estate Daily News for the Tucson Lease Report from August 11 – 15, 2014.

OFFICE – 6363 S. COUNTRY CLUB, TUCSON, AZ
Definia Technica, Inc. leased 22,560-square-feet at 6363 S. Country Club, Suite 101 in Tucson from Ronald W. Brown Trust.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the Landlord. Dave Gallaher with Tucson Industry Realty, LLC, represented the tenant in this transaction.

RETAIL – 7255 E. BROADWAY BLVD., TUCSON, AZ
Christie’s Appliance has leased a 14,437-square-feet space at Joann’s Center, located on Broadway Blvd, just east of Kolb Rd. The Premises will be used for the retail sale of home appliances, furniture, electronics, mattresses and for related products and services. They are scheduled to open for business January 2015. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Craig Finfrock of Commercial Retail Advisors, represented the Tenant. [mepr-show rules=”58038″]$12.00 SF/YR NNN; PHONE: 520-326-7129[/mepr-show]

INDUSTRIAL – 1121 W. GRANT RD., TUCSON, AZ
Opus Inspection, Inc. expanded to 11,100-square-feet at 1121 W. Grant, in Tucson from John Schmidt. Opus Inspections designs, develops, manufactures and sells best-in-class ESP-brand emissions testing equipment.  Steve Cohen and Russ Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3591 MICHIGAN ST., TUCSON, AZ
Crandell Glass and Aluminum has leased 6,562-square-feet of industrial space at Copperpoint Business Park located at 3591 Michigan St. in Tucson, Ariz. The landlord, San Diego, Calif.-based CopperPoint Business Park, LLC, was represented by Tim Healy and Robert Delaney with CBRE’s Tucson office. The tenant was self-represented. [mepr-show rules=”58038″]$0.45 SF/MO NNN; PHONE: 520-512-5042[/mepr-show]

RETAIL – RIM COUNTY MALL, HWY 260 PAYSON, AZ
Rue21 has leased a 6,500-square-feet space at Rim Country Mall, located east on state highway 260. The Premises will be used for the sale of women’s, men’s and children’s apparel and for the sales of related products and services. They are scheduled to open for business in 2014. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Jesse Peron of CBRE Commercial, represented the Tenant.

RETAIL – 5846 & 5849 N. ORACLE RD., TUCSON, AZ
Gourmet Girls Gluten Free Bakery / Bistro leased 4,100-square-feet at 5845 & 5849 N. Oracle Rd. in the Placita del Norte strip center in Tucson from CAS Real Property, LP. Gourmet girls will double the size of their existing store. Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]PHONE: 520-408-9000[/mepr-show]

RETAIL – MARANA MARKETPLACE, MARANA, AZ
Fred’s Grill has leased a 3,900-square-feet space at Marana Marketplace, located on the NE corner of Orange Grove & Thornydale. The Premises will be used as a restaurant. They are scheduled to open for business September 2014. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]$18.00 SF/YR NNN[/mepr-show]

WAREHOUSE – 1131 W. GRANT RD., TUCSON, AZ
Service Solutions, Inc., the nation’s premier food service equipment repair company, leased 3,840-square-feet at 1131 W. Grant, Suite 135 in Tucson from John Schmidt. Steve Cohen and Russ Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]$0.60 SF/MO MODIFIED GROSS[/mepr-show]

OFFICE – 6245 E. BROADWAY BLVD., TUCSON, AZ
Fidelity National Title has leased 3,700-square-feet of office space at Nova Financial Center located at 6245 E. Broadway Blvd. in Tucson. The landlord, Tucson Office Plaza, LLC, was represented by David Montijo with CBRE’s Tucson office. The tenant was represented by Tom Imparato with Orion Realty Group in Phoenix. [mepr-show rules=”58038″]$23 – 25 SF/YR FULL SERVICE[/mepr-show]

INDUSTRIAL – NUEVO NOGALES INDUSTRIAL PARK, SONORA, MEXICO
R.S. Hughes Company, Inc. renewed their lease for 3,237-square-feet in the Nuevo Nogales Industrial Park in Sonora, Mexico from Jelcafi S de RL de CV.  Denisse Angulo-Badilla, Industrial Specialist with Cushman & Wakefield | PICOR, handled the transaction.

RETAIL – 4811 E. GRANT RD., TUCSON, AZ
La Bella Boutique has leased a 3,183-square-feet space at Crossroads Festival, located on the NE corner of Grant Rd and Swan Rd. The Premises will be used as a high-end designer style clothing resale and consignment woman’s clothing store. They have opened for business. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Roy Drachman, of Drachman Realty Co, represented the Tenant. [mepr-show rules=”58038″]$16 – $18 SF/YR NNN; PHONE: 520-544-2001[/mepr-show]

OFFICE – 3760 S. PARK AVE., TUCSON, AZ
Drivin Communications has leased 2,500-square-feet of incubator space at 3760 S. Park Ave. in Tucson. The landlord, Park Ajo Associates, was represented by Tim Healy and Robert Delaney with CBRE’s Tucson office. The tenant was self-represented.

RETAIL – 11165 N. LA CANADA RD., TUCSON, AZ
Full Circle Holdings, Inc. which will operate as ZPizza has leased 2,059-square-feet of retail space at La Canada Retail Center located at 11165 N. La Canada Rd. in Tucson. The landlord, La Canada Retail, was represented by Peter Villaescusa and Jesse Person with CBRE’s Tucson office. The tenant was represented by Rob Curcio with Marquez Peterson Group. ZPizza is a pizza chain from California. This will be the first location in Tucson. [mepr-show rules=”58038″]$24.00 SF/YR NNN[/mepr-show]

RETAIL – 4229 W. INA RD., TUCSON, AZ
Metro PCS leased 1,400-square-feet at 4229 W Ina in Sun Creek Plaza at the corner of Ina Road and Old Father.   Bill Meyer of Keygroup Ltd represented the landlord and Mike Zaven of Hot Spot Properties represented the tenant.

OFFICE – 1430 E. FORT LOWELL, TUCSON, AZ
Parenting Forward in Tucson has leased 1,565-square-feet of office space at 1430 E. Fort Lowell in Tucson. The landlord, a joint venture between AEH Investors III and PMH Investors III, was represented by David Montijo and Jeff Casper with CBRE’s Tucson office. The tenant was self-represented. [mepr-show rules=”58038″]PHONE: 520-333-7414[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON, AZ
Deans Plumbing, LLC leased 1,500-square-feet at 3534-3538 N. Romero Rd., Suite 172 in Tucson from Costa Verde Investments, LLC.  Ron Zimmerman and Jeff Zellet, Commercial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.[mepr-show rules=”58038″]PHONE: 520-575-0190[/mepr-show]

RETAIL – 901 – 935 W. PRICE RD., TUCSON, AZ
Amistades has leased a 1,400-square-feet at Prince & Fairview Plaza, located on the SW corner of Prince Rd and Fairview St. The Premises will be used as an office offering family support and social services. They are scheduled to open for business October 2014. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]$6 – $8 SF/YR NNN; PHONE: 520-882-8777[/mepr-show]

RETAIL – 7455 W. TWIN PEAKS RD., TUCSON, AZ
Leslie Metz-Herdrich dba Farmers Insurance leased 1,200-square-feet at Twin Peaks Plaza, located at 7455 W. Twin Peaks Rd., from CJR Investments LLC. Lori Casey of Oxford Realty Advisors, Inc. represented the landlord. [mepr-show rules=”58038″]$0.01 – $17.00 SF/MO MODIFIED GROSS[/mepr-show]

RETAIL – 8245 N. SILVERBELL RD, TUCSON, AZ
MTD Kutz, Inc. leased 1,200-square-feet at Continental Ranch Shopping Center, located 8245 N. Silverbell Rd. in Tucson, AZ, from CJR at Continental Ranch, LLC. Lori Casey of Oxford Realty Advisors, Inc. represented the landlord. [mepr-show rules=”58038″]$15.00 SF/YR NNN[/mepr-show]

RETAIL – 6363 S. COUNTRY CLUB, TUCSON, AZ
G-Nails has leased 1,200-square-feet of retail space at Crossroads East Shopping Center. The landlord, Crossroads East, was represented by Nancy McClure and Michael Laatsch with CBRE’s Tucson office. The tenant was self-represented.

RETAIL – MARANA MARKETPLACE, MARANA, AZ
The Art of Nails has leased a 1,200-square-feet space at Marana Marketplace, located on the SW corner of Orange Grove Rd. and Thornydale Rd. in Marana Arizona. The Premises will be used as a nail salon and waxing services. They are scheduled to open for business November 2014. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Craig Finfrock, of Commercial Retail Advisors, represented the Tenant. [mepr-show rules=”58038″]$18.00 SF/YR NNN[/mepr-show]

RETAIL – 901 – 935 W. PRICE RD., TUCSON, AZ
Blade Runner Knives has leased a 1,140-square-feet space at Prince & Fairview Plaza, located on the SW corner of Prince & Fairview. The Premises will be used as a retail store selling knives and such services as knife repair and sharpening. They are scheduled to open for business September 2014. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]$6 – $8 SF/YR NNN; PHONE: 520-293-8023[/mepr-show]

OFFICE – 4021 E. GRANT RD., TUCSON, AZ
Shannon Riley leased 284-square-feet at 4021 E. Grant, Suite 145 in Tucson from Hogan School of Real Estate, Inc.  Tom Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. [mepr-show rules=”58038″]$12.00 – $1300 SF/YR Full Service[/mepr-show]

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Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) while announcing results for its Q3 and year to date fiscal 2014, also updated its outlook for fiscal year 2014 and provided initial fiscal year 2015 outlook last week.

Reliable sources told us that Natural Grocers has leased the vacant 16,000-square-feet, former Office Depot, space at the southeast corner of Broadway and Kolb owned by Larsen Baker of Tucson and are looking to add 4 to 6 Tucson locations. The company has stores in Sedona, Flagstaff and Prescott in Arizona already.

Natural Grocers is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products must meet strict quality guidelines. Grocery products may not contain artificial colors, flavors, preservatives, sweeteners, or partially hydrogenated or hydrogenated oils. Natural Grocers’ flexible small-store format allows it to offer affordable prices in a shopper-friendly retail environment. The Company provides extensive, free, science-based nutrition education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 84 stores in 14 states as of the date of this earnings release.

Highlights for Third Quarter and Year to Date Fiscal 2014

• As of June 30, 2014, the Company had $6.6 million in cash and cash equivalents and no amounts outstanding on the revolving credit facility.
• Year to date fiscal 2014, the Company generated $23.5 million in cash from operations and invested $26.9 million in capital expenditures primarily for new stores.
• Net sales increased 18.4% to $134.0 million in the third quarter and increased 22.0% to $385.0 million year to date

• Daily average comparable store sales increased 3.1% in the third quarter and increased 6.3% year to date
• Net income increased 16.6% to $3.4 million with diluted earnings per share of $0.15 in the third quarter and increased 23.6% to $10.3 million with diluted earnings per share of $0.46 year to date
• EBITDA increased 22.0% to $10.6 million in the third quarter and increased 28.8% to $31.2 million year to date

“We continue to focus on new store investments including infrastructure to support our growth while controlling expenses and maintaining profitability,” said Kemper Isely, Co-President. “We have clear direction on how we intend to manage expenses and margin going forward while we work on various initiatives to increase sales. We plan to continue our 20% unit growth into fiscal 2015 and intend to open 18 new stores in that period. We are excited about the increasing demand for natural and organic food and believe this supports the growth opportunity we see ahead of us.”

During the third quarter of fiscal year 2014, the Company opened three new stores, bringing the total store count as of June 30, 2014 to 84 stores located in 14 states.

The Company plans to open a total of 15 stores in fiscal year 2014 and expects to remodel two existing stores. One of the remodels has been completed and 12 new stores have opened year to date fiscal 2014.

As of this release, the Company has signed leases for the remaining three stores it plans to open in the fourth quarter of fiscal year 2014 and has seven signed leases for stores planned to open after fiscal year 2014 in Arizona, Arkansas, Colorado, Kansas, Nevada and Oklahoma.

Visit www.NaturalGrocers.com for more information and store locations or the Home Office directly at (877) 986-4600.

The following commercial leases were reported to Real Estate Daily News for the Tucson Lease Report from July 29 – August 1, 2014.

RETAIL – 400 E. HIGHWAY, PAYSON
Rue 21 has leased 6,500-square-feet of at RIM County Mall located at 400 E. Highway in Payson, Ariz. The specialty discount retailer was represented by Peter Villaescusa and Jesse Peron with CBRE’s Tucson office. The landlord, Payson Development Assoc., was represented by Andy Seleznov with Larsen Baker.

RETAIL – 1011 N. TYNDALL AVE., TUCSON
Goodness-U, LLC leased 3,722-square-feet in The Hub at Tucson. The tenant plans to open Goodness Market, a fast casual restaurant offering sandwiches, wraps, smoothies, coffee, and a small retail area selling “food to go.” The Hub at Tucson is a 592-bed high rise student housing community currently under construction near the U of A campus at 1011 North Tyndall Avenue, Tucson. Goodness will join QQ Sushi in the approximately 7,000-square-feet of ground level retail space in the complex. Debbie Heslop, CCIM, of Volk Company represented the landlord Core Campus Tucson l LLC.

OFFICE – 4801 E. BROADWAY BLVD., TUCSON
Tetra Tech, Inc. has leased renewed its lease for 3,976-square-feet of office space at 4801 E. Broadway Blvd. in Tucson. The Pasadena, Calif.-based provider of consulting, engineering, and technical services was represented by David Volk in CBRE’s Tucson office and Nicole Bise in CBRE’s LA office. The landlord Forty-Eight-O-One, LLC, was represented by Greg Vinikoor with Vinikoor Commercial Realty.[mepr-show rules=”58038″]Tenant Phone: 520-623-7980[/mepr-show]

RETAIL – 3382 E. SPEEDWAY BLVD., TUCSON
Renewed Beauty, P.L.L.C. leased 3,580-square-feet at 3382 East Speedway Boulevard, Tucson. The space is located within Rancho Center, which is anchored by Whole Foods. The tenant plans to open a salon and day spa in the space. Greg Boccardo of GRB Group, LLC represented the Tenant. Debbie Heslop, CCIM, represented the landlord, Rancho Center. [mepr-show rules=”58038″]Tenant Phone: 520-298-0005[/mepr-show]

RETAIL – 6330 N. CAMPBELL AVE., TUCSON
The Ballet Conservatory of Dance Music and Art, LLC. leased 3,450-square-feet at Paloma Village Center,Tucson. The tenant is taking the former Red Monkey Pilates Studio space at 6330 North Campbell Avenue, Tucson, Suites 110 and 120 and will operate a dance studio there. Paloma Village Center, located at the southeast corner of Skyline and Campbell, is anchored by CVS and Flemings. Dave Hammack of Volk Company represented the landlord, D. Wong & Associates-Arizona, L.L.C.[mepr-show rules=”58038″]$35.00 SF/ YR NNN[/mepr-show]

OFFICE – 1605 E. RIVER RD., TUCSON
Agility Spine & Sports Physical Therapy has leased 2,880-square-feet of office space at 1605 E. River Rd. in Tucson. The landlord, Macalu Partners, LLC, was represented by Bruce Suppes with CBRE’s Tucson office. The tenant was represented by Tim DeNiro with Commercial Real Estate Group, LLC.[mepr-show rules=”58038″]$20.50 SF/YR Modified Gross; Tenant Phone: 520-884-9819[/mepr-show]

INDUSTRIAL – 744 E. 46TH ST., TUCSON
Countertop Designs leased 2,540-square-feet at 744 E. 46th St. in Tucson from Rich Rodgers Investment, Inc. Brandon Rodgers, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 4240 N. 1ST AVE., TUCSON
Dao’s Investment Inc. leased 2,090-square-feet at Rillito Crossing Marketplace, Tucson. The tenant plans to open Dao’s Tai Pan’s Restaurant, serving Chinese, Vietnamese, and Thai food, in the space. Rillito Crossing Marketplace is located at the northeast corner of First Avenue and Limberlost and is anchored by Sprouts and LA Fitness. Rick Borane and Dave Hammack of Volk Company handled a lease between Rillito Marketplace One, LLC, and Dao’s Investment Inc. [mepr-show rules=”58038″]$28.00 FS/YR NNN[/mepr-show]

OFFICE – 2500 N. TUCSON BLVD., TUCSON
Monroe, McDonough, Brent & Morales, PLLC has leased 1,702-square-feet of office space at 2500 N. Tucson Blvd. The landlord, a joint venture between AEH Investors IV and PMH Investors IV, was represented by David Montijo and Jeff Casper with CBRE’s Tucson. The tenant was represented by Mark Hayes with Tierra Antigua Realty, LLC. [mepr-show rules=”58038″]$17.50 SF/YR Modified Gross; Tenant Phone: 520-325-2000[/mepr-show]

RETAIL – 2485 N. SWAN RD., TUCSON
Connect Wireless has leased 1,400-square-feet of retail space at Cornerstone Plaza located at 2485 N. Swan Rd. in Tucson. The tenant was represented by Jesse Peron and Peter Villaescusa with CBRE’s Tucson office. The landlord, Heights Properties, LLP, was represented by Jim Egan and Ryan Egan with Prime Commercial Real Estate. [mepr-show rules=”58038″]Tenant Phone: 520-299-1453[/mepr-show]

RETAIL – 2800 – 2990 N, CAMPBELL AVE., TUCSON
Jelodon HC has leased 1,383-square-feet at Campbell Plaza Shopping Center located at 2800-2990 N. Campbell Ave. in Tucson. The landlord, Campbell Plaza Two, LLC, was represented by Bruce Suppes with CBRE’s Tucson office. The tenant was represented by Rick Kleiner with Cushman & Wakefield | PICOR Commercial Real Estate Services. [mepr-show rules=”58038″]$18.00 SF/YR NNN; Tenant Phone: 520-886-6620[/mepr-show]

OFFICE – 3295 W. INA RD., TUCSON
Fairway Independent Mortgage Corporation has leased 1,223-square-feet of office space at Ina Executive Center located at 3295 Ina Rd. in Tucson. The tenant was represented by CBRE Tucson’s Bruce Suppes. Ina Executive Center was represented by Tom Nieman with PICOR. [mepr-show rules=”58038″] $17.00 SF/YR Full Service;Tenant Phone: 877-581-9035[/mepr-show]

INDUSTRIAL – 1870 W. PRINCE, TUCSON
Bottle Breacher, LLC leased 1,200-square-feet at 1870 W. Prince, Suite 61 in Tucson from Presson Corporation., Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Gary Best with Keller Williams of Southern Arizona represented the tenant in this transaction. [mepr-show rules=”58038″] $0.74 SF/MO Modified Gross[/mepr-show]

RETAIL – 1645 W. VALENCIA, TUCSON
Metro PCS leased 1,050-square-feet at 1645 W. Valencia, Suite 107 in Midvale Park Shopping Center in Tucson from Wilcox Center, LLC. Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Mike Zaven with Hot Spot Properties, Inc. represented the tenant in this transaction. [mepr-show rules=”58038″]$18.00 SF/YR NNN[/mepr-show]

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