TUCSON, AZ (DECEMBER 15, 2025) — The Tucson Lease Report has 16,254 square feet of leasing activity for the week, driven primarily by 12,435 square feet of industrial leases, along with 2,430 square feet of retail renewals and 189 square feet of office leasing. The week’s largest transaction was Base Met Labs US Ltd, which leased 10,995 square feet of industrial space at 546 E. 25th Street, represented by Andrew Keim of Cushman & Wakefield | PICOR. Retail renewals at Sunrise Village Shopping Center accounted for the bulk of retail activity, while a small executive office lease on West Grant Road rounded out the report.

The following leases were reported to the Real Estate Daily News for the week of December 8–12, 2025.

INDUSTRIAL – 546 E. 25TH ST., TUCSON, AZ, 85713, SOUTH SUBMARKET
Base Met Labs US Ltd leased 10,995 square feet of industrial space at 546 E. 25th St. in Tucson from BLW Holdings, LLC. Paul Hooker, SIOR, Principal and Industrial Specialist at Cushman & Wakefield | PICOR, represented the landlord. Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant.

INDUSTRIAL – 1870 W. PRINCE RD., SUITE 39, TUCSON, AZ, 85705, CENTRAL SUBMARKET
RLF Consulting LLC leased 1,440 square feet of industrial space at Exchange Place, 1870 W. Prince Rd., Suite 39 in Tucson, from Pegasus Tucson Owner, LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 1955 W. GRANT RD., SUITE E, TUCSON, AZ, 85745, WEST SUBMARKET
MH Esthetics leased 189 square feet of office space at 1955 W. Grant Rd., Executive Suite E in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RENEWALS

RETAIL – 4764 E. SUNRISE DR., TUCSON, AZ, 85718, NORTHEAST SUBMARKET
Postal Annex renewed its lease for 1,215 square feet of retail space at Sunrise Village Shopping Center, 4764 E. Sunrise Dr. in Tucson. Sunrise Village Investors, LLC is the landlord. Dave Hammack, Principal and Retail Specialist at Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 4760 E. SUNRISE DR., TUCSON, AZ, 85718, NOTHEAST SUBMARKET
Skyline Nails renewed its lease for 1,215 square feet of retail space at Sunrise Village Shopping Center, 4760 E. Sunrise Dr. in Tucson. Sunrise Village Investors, LLC is the landlord. Dave Hammack, Principal and Retail Specialist at Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., SUITE 93, TUCSON, AZ, 85712, NORTHEAST SUBMARKET
Albireo Energy LLC renewed its lease for 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 93 in Tucson. Pegasus Tucson Owner, LLC is the landlord. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected].

Third Arizona lease negotiated this year by WRA for leading Canadian teppanyaki concept

SCOTTSDALE, ARIZONA, (December 15, 2025) – Award-winning Canadian restaurant concept Edo Japanese Grill is now open at Scottsdale Fashion Square, marking the teppanyaki-inspired restaurant chain’s second, and most prominent, new U.S. location, and its brisk, Arizona-based U.S rollout.

The new restaurant is located in Palm Court, Scottsdale Fashion Square’s central gathering area and food court. It joins more than 200 luxury and contemporary brands at the mall, owned by the leading real estate investment trust Macerich Co., which spans 1.9 million square feet at 7014 E. Camelback Road, at the prominent corner of Scottsdale and Camelback Roads in Scottsdale, Arizona.

Now in its 46th year of operation and serving more than 12 million meals annually, Edo is one of Canada’s pioneering fast-casual, Japanese-inspired franchises, specializing in trademark teppanyaki-style cooking with made-to-order Teriyaki meals, bento boxes, noodle bowls, hand-rolled sushi, poke bowls, boba and more.

Scottsdale Fashion Square marks the second of three Edo Arizona leases negotiated this year by Western Retail Advisors (WRA) brokers Alberto Caballero and Noah Anastassatos, the exclusive leasing brokers for Edo in the U.S.

“Arizona has become an exceedingly popular proving ground for regional, national and even international restaurant brands,” said Caballero. “Scottsdale Fashion Square represents an exciting flagship location for Edo, allowing it to track performance and gather the kind of data and visibility that will directly shape its U.S. growth strategy.”

With more than 200 restaurant locations operating in Canada, Edo has been recognized by the Canadian Franchise Association (CFA) for 15 consecutive years as a top franchise concept, highlighting its successful store designs, enhanced branding, and ongoing menu improvements and additions.

“Our entry into Arizona, and Scottsdale Fashion Square mall in particular, represents an important next step in our U.S. growth plan,” said Greg Vogeli, Vice President of Business Development and Corporate Affairs, Edo Japanese Grill. “This location gives us a flagship presence in one of the country’s most dynamic retail trade areas, allowing us to validate our concept with U.S. guests. As we grow in Arizona, we are committed to partnering with local franchisees and suppliers who share our values and can help us build a strong foundation in the market. This marks the beginning of a focused, disciplined approach to identifying the right opportunities for our brand in the United States.”

WRA has completed three Edo – Arizona leases this year. The brand’s first U.S. location opened earlier this quarter at 2780 W. Chandler Blvd., in the Chandler Festival shopping center near Chandler Fashion Center in Chandler, Arizona.

A third Edo Arizona location is expected to open in late 2026 within The Gilmore, a 36-acre mixed-use project being developed by Thompson Thrift at the northwest corner of Val Vista Drive and Germann Road in Gilbert, Arizona.

For the latest store information, visit EdoJapaneseGrill.com.

TUCSON, AZ (December 15, 2025) — Drink Theory, LLC, doing business as Pterodactyl Cocktail Lounge, has signed a lease for 1,109 square feet at 422 N. 5th Ave., Suite 1, within the Union on 6th development at the southeast corner of Fifth Avenue and Sixth Street in downtown Tucson.

Pterodactyl Cocktail Lounge is a new, experience-driven concept by Drink Theory, LLC, designed to bring an inventive and immersive cocktail-focused environment to the downtown entertainment district. The lounge is anticipated to open in Q1 2026.

Craig Finfrock of Commercial Retail Advisors, LLC, represented the tenant, Drink Theory, LLC, in the transaction. The landlord, GEDR Union on 6th, LLC, was represented by Joey Castillo of VOLK Company.

For more information, contact Craig Finfrock at 520.290.3200 or Joey Castillo at 520.495.2234.