TUCSON, ARIZONA — Highlighted this week is 18,813-square-foot flex / office lease at Butterfield Technology Park, 4775 S Butterfield Drive in Tucson for Nexus Arizona handled by Isaac Figueroa with Larsen Baker and Matt Fitzgerald and John Barnes with Colliers International.

Larsen Baker is pleased to announce leasing velocity brought a strong finish to Q1 2022 with the following leases and renewals submitted to the Real Estate Daily News from April 11 – 15, 2022.

FLEX / OFFICE – 4775 S BUTTERFIELD DR., TUCSON
Nexus Arizona, LLC leased 18,813-square-feet of flex/office space in Suites 149 C & D at Butterfield Technology Park, 4775 S Butterfield Dr in Tucson. Isaac Figueroa with Larsen Baker represented the landlord, Matt Fitzgerald and John Barnes with Colliers International represented the tenant.

INDUSTRIAL / FLEX – 3000 E VALENCIA RD., TUCSON
Saguaro Solar Electric, LLC lease 9,500-square-feet of industrial/flex space at Valencia Tech Park, 3000 E Valencia Rd. in Tucson. Isaac Figueroa with Larsen Baker represented the landlord and handle the transaction.

RETAIL – 405 E WETMORE RD., TUCSON
Aaron’s, LLC renewed their lease of 6,833-square-feet of retail space in Suites G 129,131,133 & 155 in Tucson Place Shopping Center, 405 E Wetmore Rd. in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

RETAIL / OFFICE – 5460 E BROADWAY BLVD., TUCSON
NRT Arizona, LLC dba Coldwell Banker renewed their lease of 3,629-square-feet of retail/office space in Suite 350 at Plaza at William’s Centre, 5460 E Broadway Blvd. in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord, Sean Bishop of Lee & Associates represented the tenant.

RETAIL / OFFICE – 1321 W ST. MARY’S RD., TUCSON
PeopleReady, Inc. leased 2,400-square-feet of retail/office space at St. Mary’s Village, 1321 W St. Mary’s Rd in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

OFFICE – 6258 E GRANT RD., TUCSON
Mancini CPA, LLC leased 2,120-square-feet of office space at Wilmot Professional Plaza, 6258 E Grant Rd. in Tucson. Isaac Figueroa with Larsen Baker represented the landlord. Gordon Wagner with NAI Horizon represented the tenant. The center is now fully leased.

RETAIL – 3929 E PIMA ST., TUCSON
The Yoga Connection, Inc. renewed their lease of 2,100-square-feet of retail space at Frontier Village Shopping Center, 3929 E Pima St. in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

RETAIL / RESTAURANT – 3684 W ORANGE GROVE RD., TUCSON
Crying Onion Café is under new ownership and signed a new lease for 1,800-sqaure-feet of retail/restaurant space at Marana Mercado Shopping Center, 3684 W Orange Grove, in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord, Jeremy Price with Volk Company represented the tenant.

RETAIL – 5421 E BROADWAY BLVD., TUCSON
Two Hands Corn Dog Broadway, Inc. dba Two Hands Corn Dog leased 1,400-square-feet of retail space at Broadway Crossing, 5421 E Broadway Blvd. in Tucson. The Landlord was represented by Isaac Figueroa with Larsen Baker, David Carroll with Romano Real Estate represented the tenant.

RETAIL – 921 W PRINCE RD., TUCSON
Jasmine Spa renewed their lease for 1,400-square-feet of retail space at Prince & Fairview Plaza, 921 W Prince Rd. in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

RETAIL – 5415 E BROADWAY BLVD., TUCSON
Bassett Salon Solutions, Inc.  leased 1,396-square-feet of retail space at Broadway Crossing, 5415 E Broadway Blvd. in Tucson. Bassett is a leading provider of salon products for professionals. Isaac Figueroa with Larsen Baker represented the landlord, Gordon Wagner with NAI Horizon represented the tenant.

FLEX / OFFICE – 150 S CAMINO SECO, TUCSON
April 15^th Tax & Accounting, LLC renewed their lease of 1,200-square-feet of flex/office space at Camino Seco Business Park, 150 S Camino Seco, Suite 104, in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

RETAIL – 3400 E SPEEDWAY BLVD., TUCSON
Tommie’s Barber and Beauty, LLC renewed their lease of 995-square-feet retail space in suite 100 at Rancho Center, 3400 E Speedway Blvd. in Tucson. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

RETAIL – 3925 E PIMA ST., TUCSON
Kutie Pi Smoke Shop, LLC leased 600-square-feet of retail space at Frontier Village, 3925 E Pima St. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord and handled the transaction.

OFFICE – 2351 E FRY BLVD., SIERRA VISTA
Cochise Medicare Solutions renewed their lease of 221-square-feet at Cochise Plaza Shopping Center, 2351 E Fry Blvd. in Sierra Vista. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord.

Submit sales and leases to [email protected]

FLAGSTAFF, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Chipotle Drive-Thru, a 2,400-square-foot net-leased property located in Flagstaff, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,256,000.

Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Newly constructed in 2022 with the “Chipotlane” drive-thru concept, Chipotle is located at 4409 US-89 in Flagstaff, Arizona. This asset is part of Chipotle’s plans to outfit 60 percent of stores with a “Chipotlane.” Existing stores with a drive-thru are among the company’s most profitable locations. The subject property is easily accessible to 53,615 residents with a five-mile radius. Just half a mile off the I-40 freeway, a major thoroughfare connecting Northern Arizona, Chipotle Drive-Thru is visible to over 42,600 vehicles per day along the heavily trafficked U.S. Highway 89.

PHOENIX, ARIZONA – David Krumwiede, a 36-year veteran of the commercial real estate industry and Senior Executive Vice President for Lincoln Property Company (LPC), has been named NAIOP Arizona’s 2021 Award of Excellence recipient.

The award will be presented to Krumwiede at the Best of NAIOP awards ceremony on June 9 at the Arizona Biltmore.

The NAIOP Arizona Award of Excellence recognizes an individual who has made a significant and positive impact on the commercial real estate industry in Arizona over a period of at least 15 years, along with direct volunteer contributions to the chapter.

In just over two decades at LPC, Krumwiede has developed 15 million square feet, acquired over 6 million square feet and currently manages more than 18 million square feet of Class A commercial product. He also serves as an active member and leader across the industry.

“I cannot think of anyone more deserving of the prestigious NAIOP Award of Excellence than Dave,” said Rusty Kennedy of CBRE, NAIOP Arizona 2022 Board Chairman. “He has had, and continues to have, a tremendous impact on Arizona’s commercial real estate community. Dave’s numerous contributions to NAIOP and the Metro Phoenix market span nearly four decades, and his influence and leadership have positively affected many. NAIOP Arizona is grateful for Dave and proud to present him with this award.”

Krumwiede is well known in the Valley’s commercial real estate industry, serving for the past 21 years as head of the Desert West region of LPC, where he oversees Arizona, Utah, Nevada and New Mexico. Under Krumwiede’s leadership, LPC Desert West has received the NAIOP Arizona Owner/Developer of the Year Award for the past three years and has consistently earned project awards for achievements such as The Grand at Papago Park Center, Park 303, Luhrs City Center, and Union.

Krumwiede became a member of NAIOP early in his career. He has served in a range of roles including more than a decade on the Board of Directors, as a Night at the Fights Founding Chairman, and as the 1998 NAIOP Chairman (President).

“From the start, NAIOP gave me avenues for networking, professional growth and collaboration – all things that have made me a better developer, a better leader and hopefully have made the Valley a better place to live and work,” Krumwiede said. “I have appreciated this organization at almost every level and have tried to repay those rewards by engraining NAIOP into the LPC Desert West culture, so that we can continue to shape and improve the future of our industry. I am honored to receive this award and to be a part of such an exceptional organization.”

A 55-year resident of Arizona, Krumwiede previously spent 15 years with OPUS, where he ultimately became Vice President for the company’s Southwest operations. In 2001,

Krumwiede joined Lincoln Property Company as Partner and established the Phoenix headquarters office of LPC Desert West, where he continues to oversee all development, acquisition, disposition, debt/equity financing, joint ventures, leasing and asset property management, at a time of record demand across the region. For more, visit lpcdesertwest.com.