Capacity to Produce Up to Six Spaceships Per Year, Significantly Increasing Flight Frequency Will Bring Hundreds of New Highly Skilled Jobs to Greater Phoenix Area

MESA, Ariz.– Virgin Galactic Holdings, Inc. (NYSE: SPCE) (the “Company” or “Virgin Galactic”), an aerospace and space travel company, announced it has signed a long-term lease for a new final assembly manufacturing facility for its next-generation Delta class spaceships. Located in Mesa, Greater Phoenix area, adjacent to the Phoenix-Mesa Gateway Airport, the facility will be capable of producing up to six spaceships per year and will bring hundreds of highly skilled aerospace engineering and manufacturing jobs to the area.

The Delta class spaceship is Virgin Galactic’s production vehicle that is designed to fly weekly, supporting the Company’s target of 400 flights per year from Spaceport America. Based on current schedules, the first of these ships is expected to commence revenue-generating payload flights in late 2025, progressing to private astronaut flights in 2026.

The Company is currently selecting various suppliers to build the spaceship’s major subassemblies, which will be delivered to the new Mesa facility for final assembly. Virgin Galactic motherships will ferry completed spaceships to Spaceport America, New Mexico for flight test and commercial operation.

“Our spaceship final assembly factory is key to accelerating the production of our Delta fleet, enabling a rapid increase in flight capacity that will drive our revenue growth,” said Virgin Galactic CEO Michael Colglazier. “We’re thrilled to expand into the greater Phoenix area which is home to outstanding aerospace talent – and we look forward to growing our team and fleet at our new facility.”

The facility is already under construction and is expected to be fully operational by late 2023. Final assembly manufacturing processes at the facility will be underpinned by a digital twin architecture which enables seamless integration between the Company and suppliers allowing for real-time collaboration, strong governance, and an increase in production efficiency and reliability.

Swami Iyer, Virgin Galactic’s President of Aerospace Systems said, “Arizona is a growing innovation hub, geographically situated between our existing operations in Southern California and New Mexico. This will allow us to accelerate progress from conceptual design to production to final assembly at scale as we capitalize on the many advantages Mesa and the Greater Phoenix area offer.”

You can find more information at https://www.virgingalactic.com/.

TUCSON, ARIZONA — Highlighted this week is an industrial lease renewal for 203,506 square feet to MicroMex International Solutions handled by Jesse Blum, Principal, and Alex Demeroutis, Industrial Specialists with Cushman & Wakefield | PICOR.

The following leases were submitted to the Real Estate Daily News from July 11 – 15, 2022.

INDUSTRIAL – 6908 E. CENTURY PARK DR., TUCSON 85756, South
MicroMex International Solutions, LLC renewed their lease with Century Park Properties, LLC for 203,506 square feet of industrial space at Century Park, 6908 E. Century Park Dr. in Tucson. Jesse Blum, Principal, and Alex Demeroutis, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

OFFICE – 6400 E. GRANT RD., TUCSON 85715, Northeast
BroadPath, Inc. renewed their lease with La Mirada, LLC for 21,881 square feet of office space located on the second and third floors in Courtyard Center, 6400 E. Grant Rd. in Tucson. Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction. Mark Irvin with Mark Irvin Commercial Real Estate Services, LLC, represented the tenant.

RETAIL – 100 W. DUVAL MINE ROAD, SAHUARITA 85629, Retail
Planet Fitness, LLC leased 20,911 square feet at the Valley Verde Center located at 100 W. Duval Mine Road, Sahuarita, AZ. Ben Craney with NAI Horizon represented the tenant and Melissa Lal and Isaac Figueroa with Larsen Baker represented the Landlord in this transaction.

OFFICE – 3131 N. COUNTRY CLUB RD., TUCSON 85716, Central
The Center for Life Skills Development, LLC, expanded their lease with Spirits, LP, an additional 1,325-square feet, totaling 5,837 square feet of office space located at 3131 N. Country Club Rd. in Tucson. Ryan McGregor and Molly Mary Gilbert, Office Specialists, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 653 W. VALENCIA ROAD, TUCSON 85706, South
Sleep Outfitters Outlet, LLC has leased 4,590 square feet at 653 W. Valencia Road, Mission Manor, from Villa Nova & Brand One, LLC. Jones Lang LaSalle represented the Tenant and Robert Nolan of Oxford Realty Advisors represented the Landlord in this transaction.

RETAIL – 13892 N SANDARIO RD., TUCSON 85653, Northwest
Starbucks Corporation leased 3,250 square feet of retail space at 13892 N. Sandario Rd. in Marana, from Marana Main Gate North, LLC. Greg Furrier, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction and Ben Craney of NAI Horizon represented the landlord.

RETAIL – 2425 N TUCSON BLVD., TUCSON 85716, Central
Pasta La Vista To Go, LLC leased 3,047 square feet of retail space at 2425 N. Tucson Blvd., in Tucson, from The Neihart Corporation, Inc. Andy Seleznov, CCIM, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 3955 E. SPEEDWAY BLVD., TUCSON 85712, Northeast
Partners Personnel – Management Services LLC leased 1,759 square feet of retail space at Central Point Business Plaza, 3955 E. Speedway Blvd., Suite 110 in Tucson, from Central Point Tucson, LLC. Greg Furrier and Rob Tomlinson, Principals and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Brandon Payne with Venture REI Real Estate, represented the tenant.

RETAIL – 4386 N. ORACLE RD., TUCSON 85705, Central
HOTWORX leased 1,749 square feet of retail space from RJR Vacaville, LLC, located in Oracle Wetmore Shopping Center, 4386 N. Oracle Rd., Suite 156 in Tucson. Aaron LaPrise, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Linda Nguyen with Morrow Hill, LLC, Dallas, TX represented the tenant.

OFFICE – 3275 W. INA RD., TUCSON 85741, Northwest
National Association of Professional Geriatric Care Managers renewed their lease with CALDOR Investments of Arizona, LLC for 1,565 square feet of office space at Ina Corporate Center, 3275 W. Ina Rd., Suite 130 in Tucson. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 100 – 150 N. TUCSON BLVD., TUCSON 85716, Central
Step By Step Counseling, LLC and Daily Hope Healthcare Services, LLC leased 1,198 square feet of office space located at 100-150 N. Tucson Blvd., Suite 3 in Tucson, from Eria, LLC. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 7725 N. ORACLE RD., ORO VALLEY 85704, Northwest
Casmin Hearing Group leased 1,074 square feet at the Oracle Crossings Shopping Center located at 7725 N. Oracle Road, Oro Valley, Arizona. Ben Craney and Jayme Fabe with NAI Horizon represented the Landlord and Michael Coretz with Commercial Real Estate Group of Tucson represented the tenant in this transaction.

OFFICE – 3275 W. INA RD., TUCSON 85741, Northwest
Brown Insurance Agency renewed their lease with CALDOR Investments of Arizona, LLC for 787 square feet of office space at Ina Corporate Center, 3275 W. Ina Rd., Suite 111 in Tucson. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 3275 W. INA RD., TUCSON 85741, Northwest
Eugene R. Fera renewed his lease with CALDOR Investments of Arizona, LLC for 754 square feet of office space located in Ina Corporate Center, 3275 W. Ina Rd., Suite 200 in Tucson. Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Submit sales and leases to [email protected]

The following lease were reported to the Real Estate Daily News from July 11-15, 2022.

Dylan Whitwer and Laurel Lewis with NAI Horizon represented the tenant, Jellison & Robbins, PLLC, in a 65-month office lease for 2,016 SF at 18835 N. Thompson Peak Parkway, Scottsdale, AZ. The landlord, Canyon Village HUI, LLC, was represented by Mike Stritmatter with Cushman Wakefield.

Lori Kahn and Jennifer Loehnert with NAI Horizon represented the tenant, The Diaspora Collective, LLC, in a 60-month retail lease for 1,600 SF at 628 E. Adams St., Phoenix, AZ. The landlord was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega with NAI Horizon represented the tenant, Shadetree Golf, in a 60-month retail lease for 3,315 SF at 7641 E. Guadalupe Road, Mesa, AZ. The landlord, AEI Sossaman, LLC, was represented by Mike McWilliams of DeRito Partners.

Kevin Higgins with NAI Horizon represented the landlord, Bogle Family Realty, in a 61-month lease for 2,175 SF at 7227 N 16th St., Phoenix, AZ. The tenant, O’Geez! Brands, was self-represented.

Michael Myrick, Don Morrow and Dylan Whitwer with NAI Horizon represented both the landlord, 600 E. Baseline, LLC, and the tenant, AZ Personal Injury Centers, LLC, in a 60-month medical lease for 1,557 SF at 600 E. Baseline Road, Tempe, AZ.

Don Morrow and Dylan Whitwer with NAI Horizon represented the landlord, Southwest Commercial Property, LLC, in a 38-month office lease for 2,300 SF at 1990 W. Camelback Road. The tenant, AMP Payment Systems, was represented by Jeff Jennings with Prostar Realty.

Matt Harper CCIM, with NAI Horizon represented the landlord, GGR Holdings, Inc., in a 63-month retail lease for 1,223 SF at 4024 E. Guadalupe Road, Gilbert, AZ. The tenant, Breath & Body Wellness, LLC, was self-represented.

Matt Harper CCIM, with NAI Horizon represented the landlord, LASA Realty, LLC, in a 61-month retail lease for 1,200 SF at 7448 W. Glendale Ave., Glendale, AZ. The tenant, Rock Gate Capital, LLC, was self-represented.

Thomas Bean CCIM, and Matt Harper CCIM, with NAI Horizon represented the landlord, El Divine Oasis, LLC, in a 36-month office lease for 1,621 SF at 2715 W. Northern Ave., Phoenix, AZ. The tenant, Artemis of Arizona, LLC, was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega with NAI Horizon represented the landlord, CP6GT, LLC, in a 36-month retail lease for 1,200 SF at 5870 W. Thunderbird Road, Glendale, AZ. The tenant, Civitas Law Group, PLLC, was self-represented.

Don Morrow and Dylan Whitwer with NAI Horizon represented the landlord, Southwest Commercial Property, LLC, in a 24-month office lease for 933 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, United Energy Workers Healthcare, was represented by Rick Kehm with Arizona Investment Management.

Submit sales and leases to [email protected]