The top sale this past week was of 5.20 acres of land (226,512 SF) at Rio Rico South Industrial Park. Lot 4 was purchased for $1,300,000 ($5.74 PSF) by UNS Electric, Inc. from P.D.G. Produce, Inc. Jose Dabdoub, Industrial Specialist with Cushman & Wakefield | PICOR, represented the seller in this transaction.
Lot 4 in Santa Cruz County is centrally located in Rio Rico Industrial Park, just 12km from the US-Mexico border. It was purchased by UNS Electric, Inc., a parent company of Tucson Electric Power and UniSource Energy Services. TEP serves more than 432,000 customers in and around Tucson, while UES provides natural gas and electric service to about 256,000 customers in northern and southern Arizona. This industrial lot came with a ± 60,000 SF building pad, a private driveway, and easy access to I-19.
The top lease this past week was a renewal of 16,356 SF of industrial space at 6000 South Country Club Road, Suite 190 in Tucson. Redi-Carpet Sales of Arizona, Inc. renewed their lease with EastGroup Properties, Inc. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord, EastGroup Properties, Inc., in this transaction.
Redi-Carpet Sales of Arizona Inc. is a carpet and flooring installation provider for multi-family properties. They renewed their lease at 6000 South Country Club Road, located within the Country Club Commerce Center in Tucson, conveniently near Tucson International Airport, I-10, and I-19. It is a secured campus with gated access and is institutionally owned and operated. The building itself is a four-star industrial distribution structure built in 2008.