Tucson, AZ  (November 17, 2025) — Larsen Baker is pleased to announce 33,028 square feet of successful lease renewal activity across its Southern Arizona portfolio. The following tenants have renewed or extended their leases:

• The Slot Machine Store renewed 2,062 square feet of retail space at Prince Fairview Plaza, 923 W. Prince Rd., Tucson, AZ 85705.
•  Fast Payday Loans renewed 955 square feet of retail space at Manzanita Plaza, 3000 W. Valencia Rd., Suite 276, Tucson, AZ 85746.
•  Spa Valencia renewed 1,780 square feet of retail space at Manzanita Plaza, 3000 W. Valencia Rd., Suite 238, Tucson, AZ 85746.
• Leman Academy renewed 7,700 square feet of office space at Sunrise Corporate, 3300 E. Sunrise Dr., Suite 150, Tucson, AZ 85718.
• Advantage Micro Corporation extended 2,400 square feet of flex space at Camino Seco Business Park, 150 S. Camino Seco Blvd., Suites 117–118, Tucson, AZ 85710.
• Brookbanks Pool Care renewed 1,000 square feet of flex space at Camino Seco Business Park, 140 S. Camino Seco Blvd., Suite 420, Tucson, AZ 85710.
• My Sheet Metal Shop renewed 1,000 square feet of flex space at Camino Seco Business Park, 140 S. Camino Seco Blvd., Suite 206, Tucson, AZ 85710.
• Advanced Car Care renewed 1,000 square feet of flex space at Camino Seco Business Park, 140 S. Camino Seco Blvd., Suite 417, Tucson, AZ 85710.
• Cazares Electric renewed 1,000 square feet of flex space at Camino Seco Business Park, 140 S. Camino Seco Blvd., Suite 423, Tucson, AZ 85710.
• Robert Knight & Jeff Perno renewed 2,000 square feet of flex space at Camino Seco Business Park, 150 S. Camino Seco Blvd., Suite 120 A/B, Tucson, AZ 85710.
• Adoption Solutions renewed 783 square feet of office space at 1200 N. El Dorado Place, Suite B-260, Tucson, AZ 85712.
• AAA Roadside renewed 3,750 square feet of retail space at Marana Marketplace, 3780 W. River Rd., Suite 102, Marana, AZ 85749.
• The Foot Spa renewed 1,444 square feet of retail space at Cochise Plaza, 2309 E. Fry Blvd., Sierra Vista, AZ 85635.
• Advanced Conditioning renewed 1,120 square feet of retail space at Plaza Williams Center, 5350 E. Broadway Blvd., Suite 156, Tucson, AZ 85711.
• Old Pueblo CrossFit renewed 3,534 square feet of retail space at Circle Plaza North, 7225 E. Broadway Blvd., Tucson, AZ 85710.
• Native Seeds renewed 1,500 square feet of retail space at Frontier Village, 3919 E. Pima St., Tucson, AZ 85712.

These renewals reflect consistent leasing momentum across Larsen Baker’s retail, office, and flex properties throughout Southern Arizona.

PIMA COUNTY, AZ (November 17, 2025) — Based on RED Comps’ October numbers, Pima County’s commercial real estate market delivered a steady and broadly resilient performance in October 2025, posting $132.4 million in total sales volume across 47 closed transactions. While activity came in slightly below September 2025 levels, the market continued to show balanced buyer demand across retail, office, multifamily, and land categories. The month’s results also reflect a moderate but meaningful improvement compared to October 2024, when sales volume and transaction counts were both lower, underscoring a market that has gradually strengthened over the past year.

RETAIL SECTOR

Retail once again led all categories with 14 transactions, continuing its role as the most active segment in Southern Arizona. Compared to October 2024, retail activity was higher both in volume and number of closings, reflecting improved tenant performance, solid consumer spending, and investor appetite for service-based and daily-needs retail. The mix of trades included NNN single-tenant assets and smaller multi-tenant centers, mirroring broader trends in stabilized Sun Belt secondary markets.

OFFICE SECTOR

The office sector recorded 9 closings, a slight increase from the previous year. While the national office market remains challenged, Tucson’s profile—dominated by medical offices, professional services, and owner-users—continues to insulate it from the significant volatility seen in major metropolitan areas. Steady population growth and health-care expansion helped support both user demand and investor interest in smaller buildings under 20,000 square feet.

MULTIFAMILY SECTOR

Multifamily activity included 6 transactions, consistent with recent months and nearly identical to October 2024. While underwriting has tightened due to borrowing costs, Tucson retains notable investor appeal due to its affordability advantage, strong workforce inflows, and moderation in new deliveries compared with Phoenix and other regional markets.

INDUSTRIAL SECTOR

Industrial posted four sales, slightly below both September 2025 and the same month last year. However, fundamentals remain strong, with the Airport, Southeast, and Northwest submarkets continuing to anchor long-term demand for logistics, manufacturing support, and flex inventory.

LAND SECTOR

Land sales showed mixed results, with one industrial land sale and eight residential land sales, primarily driven by continued absorption in Marana, Vail, and Oro Valley. Residential land activity was higher than in October 2024, reflecting more builder confidence and ongoing population-driven demand for new housing.

Overall, October 2025 demonstrated a healthier and more stable market compared to the same period one year earlier, with stronger retail, office, and residential land activity forming the backbone of a diversified and resilient commercial sales environment heading into Q4.

MARANA, AZ (November 6, 2025) – A .87-acre commercial pad at Lot 4G in Tangerine Commerce Park, located at the southwest corner of Tangerine Road and Interstate 10, has sold for $1,300,000. The buyer, B&D Real Estate, LLC, doing business as Burger King Restaurant, purchased the site for future restaurant development.

The seller was R11 Tangerine Corporation, an entity associated with the Tangerine Commerce Park ownership group. NAI Horizon brokers Ben Craney and Gordon Wagner represented the seller in the transaction. Mark Bramlett with Lee & Associates represented the buyer.

This latest sale continues the rapid buildout of Tangerine Commerce Park, a key commercial node at the I-10 interchange serving the growing Marana trade area. The 0.87-acre pad is expected to accommodate a freestanding Burger King drive-thru location, adding another national quick-service brand to the corridor, which already includes several major retail and restaurant users.

The property lies within the Tangerine Corridor submarket, one of northwest Tucson’s most active commercial growth areas. Surrounding developments include new hotels, retail, and industrial projects, which contribute to increased traffic and investment along Tangerine Road.

For more information, please contact Craney at 520.326.4500, Wagner at 520.326.2200, or Bramlett in Phoenix at 602.986.7777.

Source: RED Comp #12146