TUCSON, ARIZONA — Highlighted this week is 52,233-square-foot lease renewal of industrial space at 3775 East 34th Street in Tucson to AB46 Investments, LLC handled by Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR.

The following leases were submitted to the Real Estate Daily News for the Tucson Lease Report from March 14-18, 2022.

INDUSTRIAL – 3775 E 34^TH STREET, TUCSON 85713, South Submarket
AB46 Investments LLC renewed their lease with 3775 East 34th Street, LLC for a 52,233- square-foot industrial building at 3775 E. 34th St. in Tucson. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 355 S EUCID AVE, TUCSON  85719, Central Submarket 
CWPS Corp, dba Mister Car Wash, leased 10,000-square-feet of industrial space at Central City Business Park, 355 S. Euclid Ave., Suite 101-103 in Tucson, from Pascoe Investment-Arizona, LLC. Stephen D. Cohen, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Buzz Isaacson with Buzz Isaacson Realty, LLC, represented the tenant.

INDUSTRIAL – 2045 N FORBES BLVD., TUCSON 85745, West Submarket
Zeta Corporation renewed their lease with Pegasus Tucson Owner LLC for 3,360-square-feet of industrial space at Broadbent Business Center, 2045 N. Forbes Blvd., Suite 102 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 6866 E SUNRISE DR., TUCSON 85750, Northeast Submarket
The Dog House Cigar Bar leased 3,200-square-feet of retail space from EREP Ventana II, LLC, located in Ventana Village Shopping Center, 6866 E. Sunrise Dr., Suite 150 in Tucson. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 219 N 3^RD AVE., TUCSON 85705, Central Submarket
SPS+ Architects, LLC leased 3,028-square-feet of office space at 219 N. 3rd Ave., Suite 4 & 5 in Tucson, from Iron Partners, LLC. Andy Seleznov, CCIM, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. David Volk with Volk Company, represented the tenant.

RETAIL – 6011 N ORACLE RD., TUCSON 85704, Northwest Submarket
Fire Fitness Tucson 3, LLC, dba F45 Training Casas Adobes, leased 2,644-square-feet of retail space from PDO Real Property, LLC, located in Placita del Oracle, 6011 N. Oracle Rd., Suite 101 in Tucson. Dave Hammack, Principal, and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction. William Sunkenberg with Upland Group, Inc. represented the tenant.

INDUSTRIAL – 3880 S PALO VERDE RD., TUCSON 85714, South Submarket
Howmedica Osteonics Corporation renewed their lease with Pegasus Tucson Owner LLC for 2,634-square-feet of industrial space at Palo Verde Business Center, 3880 S. Palo Verde Rd., Suite 403 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Hagen Hyatt with Jones Lang LaSalle Americas, Inc., represented the tenant.

RETAIL – 6875 E SUNRISE DR., TUCSON 85750, Northeast Submarket
Motus Performance leased 2,587-square-feet of retail space at 6875 E. Sunrise Dr., Suite 131 in Tucson, from The MEF Company, Inc. Aaron LaPrise, Principal, Retail Specialist with Cushman & Wakefield | PICOR, handled the transaction.

OFFICE – 1159 N CRAYCROFT RD., TUCSON 85712, Northeast Submarket
RAL Construction, LLC, leased 2,378-square-feet of office space, located at 1159 N. Craycroft Rd. in Tucson, from Theodore and April McGuire.  Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in the transaction.  Joseph Castillo, with Volk Company, represented the tenant.

OFFICE – 6258 E GRANT RD., TUCSON 85712, Northeast Submarket
Mancini CPA, PLLC leased 2,120-square-feet at Wilmot Professional Plaza located at 6258 E. Grant Road, Tucson, Arizona.  Gordon Wagner and Andrew Sternberg with NAI Horizon represented the Tenant and Isaac Figueroa with Larsen Baker represented the Landlord.

RETAIL – 1927 E SPEEDWAY BLBD, TUCSON 85719, Central Submarket
Tucson Wax Center, LLC dba European Wax Center leased 2,060-square-feet at 1927 E. Speedway, Tucson, Arizona.  Ben Craney with NAI Horizon represented the tenant and Jesse Peron with CBRE represented the landlord in this transaction.

OFFICE – 8280 S HOUGHTON RD., TUCSON 85747, Southeast Submarket
First American Title Insurance Company leased 1,800-sqaure-feet at Rita Ranch Plaza, 8280 S. Houghton Road; Gordon Wagner and Andrew Sternberg with NAI Horizon represented the Landlord, Rick Kleiner with Cushman Wakefield PICOR represented the tenant.

INDUSTRIAL – 3200 S DODGE BLVD., TUCSON 85713, South Submarket
Pro Remodeling & Restoration, Inc. renewed their lease with Pegasus Tucson Owner LLC for 1,800-square-feet of industrial space at South Dodge Business Center, 3200 S. Dodge Blvd., Suite 2 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4555 S PALO VERDE RD., TUCSON 85714, South Submarket
Tradesman International, LLC leased 1,720-square-feet at Butterfield Center located at 4555 S. Palo Verde, Tucson, Arizona.  David Blanchette, CCIM with NAI Horizon represented the tenant and Andrew Keim of Cushman & Wakefield/PICOR represented the landlord in this transaction.

RETAIL – 3820 S PALO VERDE RD., TUCSON  85714, South Submarket
Fermented Tea Company, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,444- square-feet of retail space at Palo Verde Business Center, 3820 S. Palo Verde Rd., Suite 110 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 9431 E 22^ND STREET, TUCSON 85710, East Submarket
Sub in the Sun, LLC, dba Jersey Mike’s Subs leased 1,440-square-feet at Spanish Trail Plaza located at 9431 E. 22^nd Street, Tucson.  Ben Craney with NAI Horizon represented the tenant and Greg Furrier with Cushman Wakefield PICOR represented the landlord in this transaction.

INDUSTRIAL – 2430 W RUTHRAUFF RD., TUCSON 85705, Central Submarket
Ironwood Well Service, LLC leased 1,360-square-feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 140-142 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1630 S RESEARCH LOOP, TUCSON 85710, East Submarket
Mountain Springs Electric, LLC leased 1,295-square-feet of industrial space from Eastside Center, LLC, located in Eastside Research Commerce Center, 1630 S. Research Loop, Suite 160 in Tucson. Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 245 S PLUMER AVE., TUCSON 85719, Central Submarket
Midtown Artisans L.L.C. renewed their lease with Pegasus Tucson Owner LLC for 1,200-square-feet of industrial space at Commerce Plaza, 245 S. Plumer Ave., Suite 20 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 245 S PLUMER AVE., TUCSON 85719, Central Submarket
Venario, Inc. renewed their lease with Pegasus Tucson Owner LLC for 1,200-square-feet of industrial space at Commerce Plaza, 245 S. Plumer Ave., Suite 18 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 1870 W PRINCE RD., TUCSON 85705, Central Submarket
FPG Arizona, LLC renewed their lease with Pegasus Tucson Owner LLC for 1,200-square-feet of industrial space at Exchange Place Business Center, 1870 W. Prince Rd., Suite 56 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

 INDUSTRIAL – 4500 E SPEEDWAY BLVD., TUCSON 85712, Northeast Submarket
Joshua Lane Barraza leased 1,200-square-feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 47 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3621 E 44^TH STREET, TUCSON 85713, South Submarket
Michael Lussier leased 900-square-feet of industrial space at South Dodge Business Center, 3621 E. 44th St., Suite 12 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 2430 W RUTHRAUFF RD., TUCSON 85705, Central Submarket
Victory Assembly of God of Pima County, Arizona, Inc., dba Zion City leased 680-square-feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 130 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Submit Sales and Lease to [email protected]

PHOENIX, ARIZONA – NAI Horizon represented the tenant, an insulation and window blinds contractor, in a long-term lease at Willis AZ Avenue Corporate Park in Chandler, Arizona. 

NAI Horizon Executive Vice President Jeff Adams represented Big City Insulation, Inc., a Utah Corporation and subsidiary of Installed Building Products (IBT), in the $1.199 million lease for 22,853-sqaure-feet at 221 E. Willis Road in Chandler. 

Big City Insulation provides insulation and window blinds for commercial and residential clients. The new space features a highly desirable end cap with plenty of parking and loading space. 

The industrial building was constructed in 2015 and totals 75,217-square-feet.

“This is my fifth transaction with this large national client, which is ultra-responsive and fantastic to work with,” Adams said. “They initially came to me through a terrific NAI network relationship I have in Ohio. This space allowed this subsidiary to efficiently grow but maximize all available area. 

“This southeast-facing project endcap is secure and also affords my client the advantage to store multiple clean vehicles. The interior is efficient and laid out for them to put both local businesses side-by-side within the same space and still get proper separation and monitoring,” Adams said. 

Matt Gregory of Ohio Equities LLC Realtors of NAI Global was the original referral source. The landlord is Phoenix Willis Investors LLC of Lincoln Property Company of Tempe, Arizona. 

HOUSTON, TX. – KBS, one of the largest investors in commercial real estate, has signed a new 42,290 square-foot lease agreement with SPB Hospitality, a national leading operator and franchisor of full-service dining restaurants, at The Offices at Greenhouse, a five-story, 203,284-square-foot office property in the Energy Corridor of West Houston, Texas. The Offices at Greenhouse is owned by KBS Growth & Income Real Estate Investment Trust.

“Houston remains an attractive market for corporate headquarter locations and other significant employment hubs, and not only in the energy space as the region gained two new Fortune 500 companies in the last year for a total of 24, making it the third largest concentration in the nation,” says Gio Cordoves, Western regional president for KBS.

SPB Hospitality, which operates, and franchises steakhouses, brewery and craft-beer focused casual dining restaurants nationwide, will occupy space on the fifth floor of The Offices at Greenhouse and utilize it as its new headquarters. The move demonstrates companies’ desire to return to the workplace after nearly two years of remote work, says Cordoves.

“At the beginning of the pandemic, when workers had to rapidly change their routines from in-office work to remote, many speculated that would become the norm. Instead, many employers and employees recognize that remote work has too many distractions and according to recent research may increase the chances of fatigue and burnout,” Cordoves notes.

The transaction is an example of how companies are increasingly bringing back their employees for in-person collaboration as office owners across the country implement effective safety measures to protect tenants’ health and wellbeing, Cordoves adds.

“Our firm is constantly looking at ways to incorporate similar changes at our properties, including creating more open spaces for collaboration, and integrating LEED and Energy Star ratings at the properties we invest in including The Offices at Greenhouse,” says Cordoves. “In 2021, as part of the firm’s dedication to tenants, KBS announced its commitment to the verification of more than 16 million square feet of Class A office space in its portfolio in order to achieve the UL Verified Healthy Building Mark for Indoor Air. The firm additionally continues to research and implement ESG initiatives at its properties, such as integrating EV car-charging stations, and internet connectivity through WiredScore status.”

Built in 2014, The Offices at Greenhouse offers tenants several additional amenities that can contribute to health and wellness, such as natural lighting, a landscaped exterior tenant courtyard and a large conference center. The asset houses a walkway-connected four-level structured parking garage and provides access to major highways and intersections.

The property is situated at the Western entrance to Houston’s Energy Corridor submarket, one of the market’s top business centers and destinations. Houston is predicted to add over 300,000 jobs over the next five years according to a recent CBRE report, signaling that the market’s office industry is positioned to recover over the next few years.

The Offices at Greenhouse is located near daycare centers, a fitness center, and a variety of food and beverage options, including Chick-fil-A, Corner Bakery, Wingstop and Starbucks. It is also in close proximity to medical facilities and a bustling shopping center.

“The Offices at Greenhouse is desirable to tenants because of its ideal access to freeways,” says Brett Merz, asset manager for The Offices at Greenhouse and senior vice president of KBS. “The property offers them the convenience of topnotch office space close to their west Houston neighborhoods.”

The Offices at Greenhouse offers employees plenty of dining options, city amenities, and accessible transportation routes, according to Jim Mazany, CEO of SPB Hospitality LLC.

“Our company emphasizes creativity and employment satisfaction and we found that at The Offices at Greenhouse,” says Mazany.

Brad Fricks of Stream Realty Partners represented KBS, and Jon Silberman and Pierce Beyer of NAI Partners represented SPB Hospitality in the lease transaction.

“This building’s ideal location, combined with KBS’ superior service, provides companies with one of the best tenant experiences in the Energy Corridor,” says Fricks.

“SPB’s office space at The Offices at Greenhouse not only provides their organization access to everything Houston has to offer, but its proximity to Katy near Greenhouse Road makes them an extremely attractive employer in one of the most rapidly-growing talent pools in the country,” says Silberman.

The Offices at Greenhouse is located at 19219 Katy Freeway in Houston, Texas. KBS currently has 16 properties throughout Texas.