TUCSON LEASE REPORT AUGUST 19 – 23, 2013

RED NEWS COLOR LOGOINDUSTRIAL GROUND LEASE – 3881 N HIGHWAY DR., TUCSON

Fishel Cable entered into a ground lease on one acre yard at 3881 N Highway Drive in Tucson for a storage yard. Fishel in Tucson, AZ is a private company, established in 2005. Fishel provides Cable Phone Service, Long Distance Telephone Service, Sbc Telephone Services, Telephones Services and Cheap Cell Phone Service. Fishel’s office is at 1912 W Prince Road. Ron Zimmerman of Newmark Grubb Knight Frank in Tucson handled the transaction.

RETAIL SPACE – 350 N. GRAND AVE., NOGALES

CSL Plasma, Inc., leased 15,530 sq. ft. at Nogales Plaza, located at 350 N Grand Ave. in Nogales, AZ from Nogales Shopping Center LP. CSL Plasma is owned by CSL Limited, based in Melbourne, Australia.  CSL Plasma first began in 1916 by supplying vaccines for the Australian government.  In 1994, CSL became a public company and since then they have grown to become a successful and well-respected global specialty biopharmaceutical company.  CSL currently employs over 10,500 associates worldwide.  CSL currently has 4 locations in Arizona, two in Tempe and two in Tucson. Denisse Angulo, Commercial Specialist with Cushman & Wakefield / PICOR and Jeff Maza with DTZ represented the tenant in this transaction.

INDUSTRIAL SPACE – 4325 S 3RD AVE., TUCSON

Traxda leased 14,700 sq. ft. at 4325 S 3rd Ave in Tucson from James & Patricia Novak.  Traxda was founded by Greg Pilling in 2011, after re-acquiring the Truxxx brand. Traxda is a manufacturing company that makes all of their products in Tucson. Pilling was one of the founders of Truxxx in 2004, the company that created the leveling kit segment in the truck aftermarket. The Truxxx line has the most comprehensive line of leveling kits available on the market, with many more exciting products coming soon. Ron Zimmerman of Newmark Grubb Knight Frank in Tucson represented the landlord and tenant in the transaction.

FLEX SPACE – 3865 N. BUSINESS CENTER DR., TUCSON

Motorola Solutions, Inc. renewed its 4,304 sq. ft. lease at 3865 N. Business Center, Suite 121 in Tucson.  Motorola Solutions is a worldwide enterprise offering communications solution, electronic devices, network systems, accessories and software to both the government and private sectors. Rob Glaser, SIOR, CCMI, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR, represented the landlord in this transaction while Dave Volk with CBRE of Tucson represented the tenant.

INDUSTRIAL SPACE – 108 S VISTA PARK RD., SIERRA VISTA

Vista Auto Care, LLC leased 3,000 sq. ft. at 108 S Vista Park Road in Sierra Vista from Gary Brown, the landlord. The property has three 12’x14’ bay doors and a common dock ramp. Ron Zimmerman of Newmark Grubb Knight Frank handled the transaction for landlord and tenant.

RETAIL – 3837 EAST BROADWAY BLVD., TUCSON

Smashburger Restaurant (Eric and Laura Wolf) is set to open its newest Tucson location on Wednesday, September 11 in 2,837 sq. ft. at 3837 E Broadway Blvd in the San Clemente Shopping Center located at the northwest corner of Broadway and Alvernon. This is the second of four Tucson Smashburgers slated to open by the end of 2014. The Tucson Smashburgers include the signature “Arizona Smashburger”, which is 100% certified Angus beef, topped with habanero cheese, guacamole, lettuce, tomato, onion, chipotle mayo and fresh jalapenos on a chipotle bun.  Smashburger also has create your own delicious burgers. Richard Shenkarow of Shenkarow Realty Advisors in Tucson and Greg Furrier of Cushman & Wakefield Picor handled the lease transaction for landlord San Clemente, LLC and tenant.

RETAIL – 4352 E. SPEEDWAY BLVD., Tucson

PF Tucson, LLC dba Whataburger renewed its 2,490 sq. ft. lease at 4352 E. Speedway, Tucson from Speedway Properties, LLC.  The location is a Whataburger restaurant.  Denisse Angulo, Commercial Specialist with Cushman & Wakefield / PICOR represented the Tenant in this transaction.

OFFICE SPACE – 4500 E. SPEEDWAY BLVD., TUCSON

The following businesses renewed leases from Presson Midway, LLC at the Midway Business Park, 4500 E. Speedway Blvd. in Tucson.

  • Counsel Industries, LLC leased 2,400 sq. ft. in suites 47 & 48.  MIKID (Mentally Ill Kids in Distress) employs 100+ trained staff offering an array of services to families of children with emotional and behavioral challenges.  MIKID has four full service offices in Phoenix, Tucson, Yuma and Eagar.
  • Descending Dragon Health Center, leased 1,600 sq. ft. suite 19.  Jarrod Lash owner, a member school of the North American Tang Shou Tao Association (NATSTA), provides traditional Chinese medicine and martial arts.
  • Meziab International has renewed lease of 1,200 sq. ft. at the Midway Business Park, 4500 E. Speedway, Suite 24.  Meziab is a Mideast import company.
  • IOI West Inc., leased 800 sq. ft. in suite 82.

Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR, handled these transactions.

OFFICE SPACE – 1712 E. SPEEDWAY BLVD., TUCSON

Core Campus Tucson, LLC a developer of student housing has leased 1,800 sq. ft. at 1712 E. Speedway in Tucson from VAM Realty, the landlord, for a leasing office.  Core Campus has construction underway on its 692-bed student housing community, known as The Hub at Tucson, at 1011 N. Tyndale Ave, Tucson.  Debbie Heslop represented the tenant in the transaction.  Heslop has also been retained for leasing ground floor retail space at The Hub of Tucson, located one block west of the University of Arizona campus.

INDUSTRIAL SPACE – 3820 S PALO VERDE RD., STE 113, TUCSON

Images Enterprises, LLC dba Everlasting Images Institute (EII) renewed its 1,725 sq. ft. leased at 3820 S Palo Verde, Suite 113, in Tucson from Palo Verde Trust Partners, LLC. EEI of Tucson, since 1983, has offered a wide variety of vocational training classes in Esthetics, Permanent Makeup, Construction, Red Cross Training, and Landscape Essentials in Arizona and Nevada. Rob Glaser and Paul Hooker, Industrial Specialists with Cushman & Wakefield / Picor handled the transaction.

INDUSTRIAL SPACE – 3538 N. ROMERO RD., TUCSON

Maverick Petroleum Services, Inc., leased 1,500 sq. ft. in the Romero / Prince Business Park at 3538 N. Romero Rd. Suite 178 in Tucson from Costa Verde Investments, LLC.  Jeff Zellet, Commercial Properties Specialist with Cushman & Wakefield / PICOR represented the tenant in this transaction while Ron Zimmerman of Newmark Grubb Knight Frank represented the landlord.

OFFICE SPACE – 5343 E PIMA ST., SUITE 201, TUCSON

Serrato Corporation leased a 1,400 sq. ft. for an administrative office at 5343 E Pima St, Suite 201, Tucson from Bajada Land Company, LLC. Their first location in Tucson, Serrato provides training and education services through the Department of Labor. Tom Nieman, Office Specialist and Russ Hall, Commercial Specialist, bot Principals with Cushman & Wakefield / Picor represented the tenant in the transaction.

RETAIL SPACE – 1801 S. ALVERNON WAY – TUCSON

Francisco Arenas leased 1,200 sq. ft. at 1801 S Alvernon Way, Suite 108 in Tucson from Presson Midpoint, LLC. Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR, represented the landlord in this transaction while Bruce Suppes with CBRE of Tucson represented the tenant.

FLEX SPACE – 2112 N DRAGOON RD., SUITE 10, TUCSON

Stephen Beecken leased 1,000 sq. ft. at 2112 N Dragoon, Ste. 10 in Tucson from Rich Rodgers Investment. Brandon Rodgers, CCIM, Industrial Specialist, with Cushman & Wakefield / Picor represented the tenant in this transaction.

FLEX SPACE – 3855 S. EVANS BLVD., TUCSON

Diamond Medical Equipment LLC, has renewed its 900 sq. ft. lease in the AJO/EVANS Business Park, Tucson. Diamond Medical Equipment is a certified durable medical equipment company that was established in 2004 in Mesa Arizona. DME is currently headquartered in Gilbert Arizona. Pat Welchert and Jeff Zellet of Picor represented the landlord.

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[ismember] (Fishel Cable lease at 3881 N Highway Drive in Tucson is a 1-year term at $1,500 per month)

(Traxda’s lease at 4325 S 3rd Ave started June 1, 2013 for a 4-year term)

(Asking rate at North Tucson Business Center, 3865 N. Business Center, is $12/SF/year full service)

(Vista Auto Care at 108 S Vista Park Rd, Sierra Vista is a 33-month lease term starting August 1, 2013. Asking rate was $1,710 per month, or $6.84/SF/year industrial gross.)

(Asking rate at San Clemente, 3837 E Broadway Blvd for smaller space was $25/SF/ year NNN at time lease was renewed)

(Asking lease rate at 4500 E Speedway was $.41 -$.52 / SF/ month Industrial gross)

(Asking rate at 3820 S Palo Verde is $.68 – $.83/ SF / Month/ IG)

(Asking lease rate at Romero / Prince Business Park,  3538 N. Romero Rd. was $.65/SF/modified gross)

(Asking rate  at 2112 N Dragoon was $7.20 / SF/ year / IG. Tenant pays city leasing tax at 2.5% plus own utilities. Amenities include grade level rollup for each space, monument signage, and excellent Interstate 10 access.)

(Asking lease was $.50/SF/month NNN with triple nets of $.24 / SF /month) [/ismember]




Tucson Lease Report August 8 – 12, 2013

RED NEWS COLOR LOGOOffice Space – 2625 N. Craycroft, Tucson

AOR Management Company of Arizona, LLC dba Arizona Oncology renewed its lease for 24,519 sq. ft. at 2625 N. Craycroft, Suite 100, Tucson from TMC Holdings.  As the largest cancer practice in Arizona, they offer advanced services in Medical Oncology, Radiation Oncology, Gynecologic Oncology and Hematologic services. Rick Kleiner, MBA, and Tom Knox, SIOR, Principals and Office Specialists with Cushman & Wakefield / PICOR of Tucson, represented the landlord while David Volk and Bruce Suppes with CBRE of Tucson represented the tenant.

Industrial Space – 1085 W. Grant Road, Tucson

Phoenix-based Hensley Beverage Company has expanded its warehouse space in Tucson.  Hensley leased an additional 19,790 sq. ft. industrial building at 1085 W. Grant Road from Maeyn Corporation. The company, founded in 1955 by Arizona businessman Jim Hensley, as the Anheuser-Busch distributor for Phoenix and Prescott is now headed by CFO Andy McCain, the son of Senator John McCain and stepson of Cindy Hensley McCain, chairman of Hensley. Hensley is the largest distributor of beer, fine wine, and non-alcoholic beverages and snacks in Arizona. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield / Picor of Tucson handled this transaction.

Special Use – 3434 E Broadway, Tucson

Arizona College Prep Academy (ACPA) leased 11,308 sq. ft. located at 3434 E. Broadway Blvd in Tucson from Charter School Capital of Portland, OR. Nancy McClure of CBRE in Tucson represented Charter School Capital in the purchase of the new facility for Arizona College Prep Academy. See full story from earlier this week here: https://realestatedaily-news.com/acpa-charter-school-capital-team-up-for-better-charter-school-facility/

Retail Space – 7090 N. Oracle Rd., Tucson

Pita Jungle will be opening store number two in Tucson at LaToscana, 7090 N. Oracle Rd. in a 3,016 sq. ft. space. Headquartered in Scottsdale Pita Jungle has 16 locations in Arizona and three in California, Pita Jungle offers a variety of vegan and vegetarian dishes.  Stop by the Pita Jungle for your favorite healthy Mediterranean, Middle Eastern, Greek or Lebanese cuisine. This new location will open in September.  Shannon Murphy, Peter Villaescusa and Jesse Person of CBRE represent the landlord, La Toscana, LLC of Newport Beach, CA.

Bicycle Ranch leased 3,020 sq. ft. of space at LaToscana, 7090 N. Oracle Rd., Tucson. Headquartered in Scottsdale, they offer a complete line of bicycles and accessories.  According to Steve Morganstern of Bicycle Ranch this will be their first store in Tucson, the store will be a family oriented store catering to the needs of the general public. The store is expected to open on September 15.  Shannon Murphy, Peter Villaescusa and Jesse Person of CBRE represent the landlord, La Toscana, LLC of Newport Beach, CA.

Sola Salon leased 4,200 sq. ft. of space at LaToscana, 7090 N. Oracle Rd., Tucson. Established 2003 in Colorado, Sola Salon is one of the fastest growing franchises in the nation with locations in over twenty states.  There are currently three other locations in the greater Tucson area.  This new Salon should open sometime in September-October. Shannon Murphy, Peter Villaescusa and Jesse Person of CBRE represent the landlord, La Toscana, LLC of Newport Beach, CA.

Retail Space – San Dorado, Oro Valley AZ

Mattress Firm leased 4,000 sq. ft. at the new San Dorado Plaza that recently broke ground in Oro Valley. Panera, formerly known as Paradise Bakery also leased 2,500 sq. ft. space both in Shops B, next to the future CVS Pharmacy. Greg Laing, Dan Gardiner, Tyler Chester and Teale Bloom of Phoenix Commercial Advisors in Phoenix handled the transactions for landlord, Canada Del Oro Partners. See full story at https://realestatedaily-news.com/cvs-and-shop-tenants-committ-to-san-dorado-in-oro-valley/

Industrial Space – 4500 E. Speedway, Tucson

Clear View Glass & Tint, LLC renewed its 1,200 sq. ft. lease at 4500 E. Speedway, Suite 67 in Tucson from Presson Midway, LLC.  The company provides Windshield glass installation and repair, auto window tint, home and commercial window tint and more.  Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield/ Picor of Tucson represented the landlord in this transaction while George Hayduke with Westar Mortgage of Tucson represented the tenant.

Retail Space – 1714 W. Ajo Way, Tucson

Green Communications LLC, dba Go Green LLC, has leased 900 sq. ft. at 1714 West Ajo Way, within Park View Plaza. They will be opening a new Cricket Phone store that offers a complete line of phones along with a wide variety of plans to choose from.  Cricket distribution channels now include over 4,000 retail stores and dealer locations nationwide. Rick Volk of Volk Company Commercial Real Estate in Tucson represented the landlord, Park View Plaza, Inc. and David Dutson of CBRE in Tucson represented the tenant.

RETAIL SPACE – 16 S. Eastbourne Ave., Tucson

Cashew Cow has leased 818 sq. ft. in Broadway Village, at the southwest corner of Broadway and Country Club Road. The new store will be at 16 S. Eastbourne Ave., Tucson. The owners of Cashew Cow, Jeremy Shockley and Jennifer Newman plan to open the new frozen desert shop in the late fall of 2013.  Cashew Cow is a healthy alternative to ice cream and gelato, using a cashew product, making their frozen desserts cholesterol free and with less than half the saturated fat content of ice cream or gelato because they don’t use cream, dairy milk, eggs or sugar.  Craig Finfrock of Commercial Retail Advisors in Tucson represented the landlord, CRI Broadway Village Partners, LLC. Dave Hammack of Volk Company Commercial Real Estate in Tucson represented the tenant.

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[ismember] 7090 N. Oracle : Pita Jungle – $18- 25sq ft – NNN;  Bicycle Ranch – $14.00 sq- ft NNN (per tenant);  Sola Salon – $18 – 25 sq ft. NNN [/ismember]




TUCSON LEASE REPORT AUG. 5 – 9, 2013

RED b&w 300x200RETAIL SPACE -1331 E. 21st Street, Tucson
Mac-Gray Services, Inc. has renewed their lease of 6,265 sq. ft. at 1331 E. 21st Street in Tucson. Mac-Gray is a longtime leader in the commercial laundry industry, they serve academic institutions, multifamily housing properties, on-premise laundries, military & government facilities and hotels & motels. Principals, Russell W. Hall, SIOR, GSCS and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord in this transaction while Robert Delaney with CBRE of Tucson represented the tenant.

RETAIL SPACE – 9484 E. 22ND Street, Tucson
Mattress Firm leased 3,881 sq. ft. at 9484 E 22ND Street, Suite 120 in Tucson. This is Mattress Firms 12th store and the farthest east in the Tucson area. The company started as a small idea of three childhood friends who opened the first store in Houston, TX on July 4th 1986. Mattress Firm has over a thousand locations nationwide, with 32 locations in the Phoenix area. Paul Schloss and Alan Tanner with Bourn Advisory Services of Tucson represented the landlord and Darren Pitts and Bonnie Arlia of Velocity Retail in Phoenix represented the tenant.

RETAIL SPACE – 9484 E. 22ND Street, Tucson
Five Guys Burgers & Fries has leased 2,300 sq. ft. at 9484 E. 22ND Street, Suite 110 for store number five in Tucson. Five Guys Burgers was named the fastest growing restaurant franchise in 2012 by Forbes. This location will provide seating for total of 86, with 66 interior and 20 on its 300 sq. ft. patio. The store opens Monday, August 12; hours of operation are 11:00 a.m. to 10:00 p.m. Paul Schloss and Alan Tanner with Bourn Advisory Services of Tucson represented the landlord and Chris Ray and Mike Leonard of Catalyst Commercial Group, PLC represented the tenant.

RETAIL SPACE – 6360 E Golf Links Road, Tucson
Subway Real Estate, LLC has leased 2,173 sq. ft. in the Safeway anchored shopping center at the southeast corner of Golf Links and Wilmot. They currently occupy a 1,290 sq. ft. space at 6320 E Golf Links Rd at the same center and will be moving to the larger space, with a drive-thru within the next few months. David Hammack of Volk Company Commercial Real Estate represented the Landlord, Karlin Golf Links, LLC.

RETAIL SPACE – 9484 E. 22ND Street, Tucson
Chipotle leased 1,983 sq. ft. at 9484 E 22nd Street, Suite 130 in Tucson. Scheduled to open first week of September. Paul Schloss and Alan Tanner with Bourn Advisory Services of Tucson represented the landlord and Ben Craney of West Commercial Real Estate Advisors in Tucson represented the tenant.

INDUSTRIAL SPACE – 4500 E. Speedway, Suite 75, Tucson
The ‘Diaper Bank of Southern Arizona’, has renewed their lease of 1,600 sq. ft. at 4500 E. Speedway, Suite 75 in Tucson from Presson Midway, LLC. Since 1996 they have been involved in providing diapers to those under the poverty line where no public assistance exists. There are more than 100 Diaper Banks across the country today. The Diaper bank uses more than 100 volunteers annually to provide diapers and incontinence supplies to those in need. For more information on this worthwhile organization go to: www.diaperbank.org or call, 520-325-1400.

Principals Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialist with Cushman & Wakefield / PICOR represented the landlord in this transaction.

OFFICE SPACE – 180 W. Magee, Suite 164, Tucson
Capitol Indemnity Corporation a Commercial Insurance Provider, leased 1,505 sq. ft. at 180 W. Magee Road, Suite 164 in Tucson from WV, LLC. Tom Knox, SIOR, Principal and Office Specialist with Cushman & Wakefield / PICOR, represented the tenant in this transaction while Mike Gross of  Tucson Realty & Trust represented the landlord.

INDUSTRIAL SPACE – 1870 West Prince Rd., Suite 49, Tucson
Shred-it-USA has renewed their lease of 920 sq. ft. at 1870 West Prince Rd., Suite 49 in Tucson from Presson Corporation. Shred-it is reported to be the world’s leading document destruction and recycling company. Established in 1988 they now have 140 Shred-it branches around the world providing document destruction services to more than 180,000 clients. Among the services provided are secure paper shredding at clients’ location, hard drive and media destruction along with Security Imaging services. For additional information on their services call (480) 447-4500.

Rob Glaser, SIOR, CCIM, Principal and Paul Hooker, Industrial Specialists with Cushman & Wakefield / PICOR represented the landlord in this transaction.

RETAIL SPACE – 316 E. Congress St., Tucson
The ‘Good Oak Bar’ leased space at 316 E Congress from Rialto Block Project for a new restaurant concept that will specialize in serving Arizona only wines and beers.  The restaurant is scheduled to open in September / October.

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[ismember]Diaper Bank lease at Midway Business Park – asking rates were $.41- $.53 / SF/NNN
Shred-it-USA at Exchange Place – asking rates were $.50 – $.68/SF /industrial gross.
Subway at Golf Links & Wilmot – asking rate was $20/SF/NNN. Marketed as pad with drive-thru.[/ismember]