Monday, December 11, 2017

Tucson Lease Report Dec. 4 – 8, 2017

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Dec. 4 thru Dec. 8, 2017. LAND – 3825 and 3841 N. HIGHWAY DR., TUCSON Pro Box Portable Storage, LLC leased 1.72 acres of land at 3825 and 3841 N. Highway Dr....

Scottsdale Medical Practice Signs 10+ year Lease at the Chauncey Building

Desert Center of Allergy and Chest Diseases Consolidating Two Offices Phoenix, Arizona – Desert Center of Allergy and Chest Diseases has signed a lease for 127 months of occupancy at the Chauncey Building, 6970 E. Chauncey Ln. in Scottsdale.  The medical practice has leased 22,080-square-feet and will consolidate two...

NAI Horizon negotiates $3.125M long-term lease for charter school at Corporate...

PHOENIX, ARIZONA – After a major repositioning this past summer, Corporate Center has landed a charter school that will occupy 26,072-square-feet of the 440,000 SF office complex along the reinvigorated I-17 corridor in North Phoenix. NAI Horizon Senior Vice Presidents Troy Giammarco and Tyler Smith negotiated a long-term lease worth...

TUSD Sells Townsend Middle School to Pima Medical Institute for $5.63...

TUCSON, Arizona -- The Tucson Unified School District (TUSD) 2015 approved sale of Townsend Middle School closed this week at 2120 N Beverly Ave. in Tucson to Pima Medical Institute (PMI) for $5.63 million.  The site will be developed into a medical educational campus with a mix of medical...

Tempe Mission Springs Apartments Sell for $33.8 Million

Cushman & Wakefield Negotiates Sale of 306-Unit Apartment Community PHOENIX, Arizona – Cushman & Wakefield announced the $33.8 million ($110,458 per unit) sale of Mission Springs, a 306-unit apartment community located at 1311 W. Baseline Road in Tempe, Ariz., to 29th Street Management II, LLC. Executive Managing Director Jim Crews from...

The Ledges at West Campus in Tucson Sold for $23 Million

TUCSON, Arizona -- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) announces the sale of The Ledges at West Campus, a 205-unit apartment property in Tucson, Arizona. The $23 million sales price equates to $112,195 per unit. “Previous ownership improved the presentation of the property and...

CBRE’s Laura Sidney Promoted to Senior Director, Labor Analytics

PHOENIX, Arizona – CBRE announced that Laura Sidney has been promoted to Senior Director with CBRE Labor Analytics. In her new role, Laura will continue to expand her business development responsibilities for Labor Analytics by working with corporate occupiers to optimize their human capital. “Laura continues to change the conversation...

Raytheon Missile Systems receives top security score

Tucson site achieves sixth consecutive superior rating TUCSON, Arizona -- Raytheon Company's (NYSE: RTN) Missile Systems business received its sixth consecutive superior security rating from the Defense Security Service. Missile Systems achieved a score of 851, just 14 points shy of perfect. DSS awarded the score and rating after a...

Comcast Contact Center Sells for $22.9 Million

TUCSON, Arizona -- Oracle Realty Associates, LLC of Manhattan, purchased the Comcast building located adjacent to the Tucson Mall at 4690 N. Oracle Road in Tucson. The 211,152-square-foot, single-tenant office building was purchased from The Tanager Company, LLC for $22.9 million ($108.45 PSF). Greg Furrier, Principal, Retail Specialist with Cushman...

Owner/User Building in South Scottsdale Sells for $2.2 Million

SCOTTSDALE, Arizona – ORION Investment Real Estate recently negotiated the owner/user office building sale, located at 8101 East McDowell Road in Scottsdale, for $2.2 million ($127 PSF). It consists of approximately 18,000-square-feet of office and warehouse space with three roll-up doors, situated in an excellent central location with easy...

Crossroads’ Festival Building sells for $2.09M following sale of North Pointe...

TUCSON, Arizona – A retail pad building in The Crossroads Festival Plaza at 4861 E Grant Rd. in Tucson sold for $2.09 million ($173.46 PSF). The buyer, Van’s Tucson Golf Properties was a tenant prior to sale and will continue to occupy 8,985-square-feet as an owner user dba Van’s Golf...

Markham Contracting celebrates 40 years of laying the groundwork for more...

PHOENIX, ARIZ. – Markham Contracting Co., Inc., founded in the Phoenix garage of President Mike Markham Sr., in 1977, is celebrating 40 years of helping shape the Southwest landscape. Projects include the original Hughes Helicopter manufacturing plant, now Mesa Boeing; Phoenix International Raceway; the Omni Montelucia Resort; the Chicago Cubs’...
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