Reports coming in to the Tucson lease report slowed down over the holidays, this report takes us into the first few days of the New Year, January 3, 2014

OFFICE – 4690 NORTH ORACLE RD, SUITE 50, TUCSON

NCS Pearson, Inc. renewed its 25,000-square-feet at 4690 N Oracle Rd, Suite 50 in Tucson from The Tanager Company. NCS Pearson, Inc. operates as a subsidiary of Pearson Education Inc. providing software, systems, and Internet-based technologies for the collection, management, and interpretation of data. It develops and markets enterprise application software for the administration and management of curriculum, student instruction, and financial data at the classroom, school, district, and state levels. Formerly known as National Computer Systems, Inc. the company changed its name to NCS Pearson, Inc. in September 2000. Founded in 1962, it is based in Bloomington, Minnesota. Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction while Pat Darcy with Tucson Realty & Trust represented the tenant. [mepr-show rules=”58038″]Tenant number: 1-800-431-1421 Lease rate not disclosed, asking terms triple net.  [/mepr-show]

RETAIL – 131 W GRANT RD, TUCSON

Freedom Smoke USA leased 8,000-square-feet of retail space at 131 W. Grant from Unrein Investments, LLC. A Tucson, Arizona family-owned company, this will be the company’s fifth store in the Tucson metro area, with another one opening in Catalina and a sixth store in Holland, Michigan store. Robert Nolan of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant number : 520-396-3990. [/mepr-show]

OFFICE – 4221 S SANTA RITA AVE., SUITES 107 & 109, TUCSON

Speedpro Imaging of Tucson leased 4,442-square-feet at 4221 S Santa Rita Ave., Suites 107 & 109 in Tucson from Ronald W Brown Trust. Pat Welchert, SIOR, Industrial Specialist and Jeff Zellet, Commercial Specialist, both with Cushman & Wakefield | Picor represented both parties in the transaction. [mepr-show rules=”58038″]Tenant number: 520-889-5868[/mepr-show]

OFFICE – 1801 S ALVERNON, SUITES 110 & 111, TUCSON

Joseph and Diane Naranjo leased 3,000-square-feet at 1801 S. Alvernon, Suite 110 & 111 in Tucson from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 7890 E SPEEDWAY BLVD, TUCSON

The abandoned Chevron gas station that was at 7890 E Speedway Blvd in Tucson has now become a new Starbucks Coffee. The Starbucks Corporation leased 2,000-square- feet at the southwest corner of Speedway & Pantano in Tucson from First Pioneer Properties.  Perry Engineering of Tucson handled the development plans. Greg Furrier, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

RETAIL – 2905 E SKYLINE DR, SUITE 292, TUCSON

Barre3, an Exercise Studio, leased 1,900-square-feet at La Encantada, 2905 E Skyline Dr. in Tucson from the Macerich Company. This is the first location for Barre3 in Tucson. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | Picor represented the tenant.

OFFICE – 5920 E PIMA ST, SUITE 109, TUCSON

Frontera Financial, a company specialized in auto financing and consumer lending,  leased 1,527-square-feet at 5920 E Pima Street, Suite 109 in Tucson from 5930 E. Pima, Inc. Jeff Zellet, Commercial Specialist with Cushman & Wakefield | Picor represented the landlord and Bruce Suppes, Vice President with CBRE in Tucson represented the tenant. [mepr-show rules=”58038″]Asking rate: $14/SF/ MG[/mepr-show]

RETAIL – 3534-3538 N ROMERO RD, SUITE 130, TUCSON

HeiTek Automotive, an industrial automotive company, leased 1,500-square-feet at 3534-3538 N Romero Road, suite 130 in Tucson from Costa Verde Investments, LLC. Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | Picor of Tucson represented the landlord and Jeff Zellet, Commercial Specialist also with Cushman & Wakefield | Picor represented the tenant. [mepr-show rules=”58038″]Asking rate: $0.65/SF/MG[/mepr-show]

RETAIL – 3017 E SPEEDWAY BLVD, TUCSON

Fresh Vitamins, Inc. has leased 1,495-square-feet at 3017 E Speedway Blvd. in Tucson from the Mahoney Family Partnership. Greg Furrier, Prinicpal and Retail Specialist with Cushman & Wakfeield | Picor represented both parties in the transaction. [mepr-show rules=”58038″]Tenant number: 520-327-2077.[/mepr-show]

OFFICE – 6420 E BROADWAY BLVD., SUITE B105, TUCSON

Universal Protection Service, an affiliate of Universal Services of America, leased approximately 1,003-square-feet of office space in the El Mercado Office Plaza, located at 6420 E. Broadway Blvd., Suite B105, from EJC Properties, LLC. Aubrey Finkelstein and Jon O’Shea of Vast Real Estate Solutions represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking rate $12/SF/MG Tenant number: 520-319-1911.[/mepr-show]

RETAIL – BROADWAY VILLAGE-3048 E BROADWAY BLVD, TUCSON

Sidecar Bar and Lounge, a craft beer and cocktail bar, plans to open a 963-square-feet. upscale lounge at Broadway Village at Broadway and Country Club in Tucson. Slated to open in March of 2014, the bar will seat 40 people inside and 12 to 15 people on a patio. Craig Finfrock of Commercial Retail Advisors represented the landlord, CRI Broadway Village Partners in the transaction. Sidecar handled the lease negotiations itself.

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Miscellaneous commercial leases for the Tucson Lease Report were reported for the week ending December 20, 2013 as follows with retail leases prevailing this week.

RETAIL – 15525 N. 83rd WAY, SCOTTSDALE, AZ
Spirit Pony Rustics leased 3,600 square feet in Airpark 99 industrial park located at 15525 N. 83rd Way in Scottsdale, AZ. The owner of the property is Kootenay Holdings. Dan Casey and Richard Gobeille of Rein & Grossoehme in Phoenix represented the owner and the tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone: (480) 745-2449[/mepr-show]

MEDICAL OFFICE – 3709 N CAMPBELL, SUITE 135, TUCSON

Pima Heart Physicians P.C. leased 3,168-square-feet of administration and billing office space at 3709 N. Campbell, Ste 135 from Cotlow Development III, LLC. Lori Casey and Doug Marsh of Oxford Realty Advisors, represented tenant and Dean Cotlow, of Cotlow and Company represented the landlord.

MEDICAL OFFICE – 1700 E. 18th STREET,  SUITE 105, TUCSON, AZ
Laser Options, Inc. leased 3,000-square-feet of medical office space at 1700 E. 18th Street, Suite 105, from Tucson Tech Park, LLC. Andrew Sternberg of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: (Tucson) 520-792-0557[/mepr-show]

OFFICE – 12450 N RANCHO VISTOSO BLVD, SUITE 100, ORO VALLEY
ClaxTrack Solutions, Inc., leased approximately 1,861 square feet of office space located at 12450 N. Rancho Vistoso, Suite 100, from Ronconi Acquisitions, LLC. Tari Auletta, CCIM of Tucson Realty & Trust Co. represented the Tenant and Chuck Corriere of KW Commercial represented the Landlord in the transaction.

RETAIL – 2065 Highway 70, THATCHER, AZ
Yotagious Frozen Yogurt leased 1,500-square-feet at Gila Valley Shopping Center at 2065 Highway 70 in Thatcher, Ariz. Yotagious Frozen Yogurt of Thatcher, will take occupancy in early spring of 2014. Jesse Peron and Peter Villaescusa with CBRE’s Tucson office represented the owner in the transaction.

RETAIL – 10580 N. ORACLE ROAD, ORO VALLEY, AZ
Universal Nails & Spa, LLC leased 1,207-square-feet at the San Dorado Shopping Center at 10580 N. Oracle Road Oro Valley, AZ. The under construction, San Dorado Shopping Center is located at First & Oracle in Oro Valley, an area experiencing continued residential growth that offers some of the strongest household incomes in Metro Tucson. The gross leasable space of the center is 227,250-square-feet of which 16,530-square-feet is available.

James P. Robertson Jr., CCIM, Senior Commercial Associate Broker with Realty Executives Tucson Elite, represented the tenant. “This is one of the most exciting developments in recent years. Universal Nails & Spa is fortunate to be part of this show case location. Mark Taylor’s influence and design of the 274 unit apartment community will only add to the uniqueness of the center. Mike Epstein principle of Epstein Construction of Tucson has been retained to do the tenant improvements,” said Robertson. The landlord, KDC San Dorado Retail, LLC was represented by Teale Bloom with Phoenix Commercial Advisors. [mepr-show rules=”58038″]Lease rate:$33/SF nnn[/mepr-show]

RETAIL – 1607 N. WILMOT, TUCSON, AZ
Thornydale Octopus Car Wash, Inc. leased 503-square-feet of space at 1607 N. Wilmot, Suite 106D from Deebco Properties. Andrew Sternberg of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520-888-3124[/mepr-show]

OFFICE – 5501 N SWAN ROAD, SUITE 219, TUCSON, AZ

Jose L. Durazo, Inc., dba Allstate Insurance, leased approximately 415-square-feet of office space located at 5501 N. Swan Road, Suite 219, Tucson, Arizona, from DaVinci Plaza, LLC.  Michael Gross and Douglas Richardson of Tucson Realty & Trust Co. represented both the Landlord and the Tenant in the transaction.

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CBRE has negotiated a 58,205-square-foot lease at ABC Retail Center located at 7125 E. Broadway Blvd. in Tucson, AZ. Floor & Décor, an Atlanta, Ga.-based company and leading specialty retailer in the hard surface flooring market, has leased the building that opened December 12^th, marking its first location in Tucson and the third in Arizona.

Nancy McClure of CBRE’s Tucson office and Jeff Kittleson with CBRE Dallas represented the tenant in negotiating the long-term lease agreement.  The landlord, ABC Broadway/Kolb Center LLC of Tucson, was self-represented.

“When evaluating the Tucson market, Floor & Décor wanted to find a location that would be easily-accessible to a large swath of the Tucson population, and Broadway Boulevard near the regional mall and other national retailers achieved that,” said CBRE’s McClure. “Also, there is a tightening of available big box spaces in Tucson, with only seven vacant retail spaces of 30,000 square feet or greater currently available. So, finding this space in a vibrant “main & main” area was appealing.  We started the search in mid-year 2013 and this vacant box space will allow Floor & Décor to be open by mid-December.”

Founded in 2000, Floor & Decor currently operates 37 stores in 18 metropolitan markets across the country. Stores typically range in size from 60,000 to 80,000 square feet, and each store stocks approximately 2,500 products. In addition to the Tucson location, the national retailer also has locations in Tempe and Glendale, AZ.

Located at the northeast corner of Broadway Boulevard and Kolb Road, the former grocery store sat vacant for almost two decades. The property is currently undergoing renovation, including exterior improvements, which will be finished prior to Floor & Decor’s occupancy. Benefitting from one of the highest traffic volume intersections in Metro Tucson, proximity to other major retailers including DSW, Sports Authority, Office Depot, Home Goods, Michael’s and others, as well as ample available parking with 110 available spaces, the building is well positioned to meet the needs of Floor & Decor’s many customers.

This transaction was first reported in the Real Estate Daily News on September 23, 2013 click here.

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[mepr-show rules=”58038″] Reportedly lease rate is $10.50 / SF/ NNN with undisclosed terms.[/mepr-show]