TUCSON, ARIZONA — Highlighted this week is 30,000-square-foot industrial space at 3480 E Britannia Drive in Tucson to Solar Industries Industries handled by Jesse Blum and Stephen Cohen with Cushman & Wakefield | PICOR.

The following leases were submitted to the Real Estate Daily News for the Tucson Lease Report from January 31 thru February 4, 2022.

INDUSTRIAL – 3480 E BRITANNIA DR., TUCSON
Solar Industries, Inc. leased 30,000-square-feet of industrial space at Britannia Business Center, 3480 E. Britannia Dr., Unit 110 in Tucson, from Britannia Tucson, LLC. Jesse Blum, Principal, with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Stephen D. Cohen, Principal, with Cushman & Wakefield | PICOR, represented the tenant.

OFFICE – 250 N MEYER ST., TUCSON
AB46 Investments, LLC  leased 6,658-square-feet at 250 N. Meyer Street, from 250 North Meyer Investors, LLC (Landlord) for a 5 year term. Robert Nolan of Oxford Realty Advisors represented the Tenant in this transaction.

INDUSTRIAL – 4565 S PALO VERDE RD., TUCSON
Hill-Rom Company, Inc renewed their lease with Pegasus Tucson Owner, LLC for 5,350-square-feet of industrial space at Butterfield Business Park, 4565 S. Palo Verde Rd., Suite 223 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 4500 E SPEEDWAY BLVD., TUCSON
Superior Water Treatment LLC renewed their lease with Pegasus Tucson Owner, LLC for 4,720-square-feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 22, 23 & 24 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 10861 N MAVINEE DR., ORO VALLEY
G&D Tucson, LLC dba Mobility Plus Oro Valley leased 3,662-square-feet of industrial space at 10861 N. Mavinee Dr., Suite 155 in Tucson, from SN Investment Properties, LLC. Jesse Blum, Principal and Alexandra Demeroutis with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Brenda Nowlan and Colette Barajas with Centra Realty, represented the tenant.

OFFICE- 6262 N SWAN RD., TUCSON
First American Title Insurance Company leased 2,950-square-feet of office space from Skyline Corporate Center, LLC, located in Skyline Office Plaza, 6262 N. Swan Rd., Suite 205 in Tucson. Richard M. Kleiner, MBA, Principal, and Office Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

OFFICE – 5232 E PIMA ST., TUCSON
Royal Health Group, LLC, leased 2,715-square-feet of office space from 5232 E. Pima, LLC, located at 5232 E. Pima St., Suite D in Tucson. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 2420 W RUTHRAUFF RD., TUCSON
Jett Mechanical LLC renewed their lease with Pegasus Tucson Owner, LLC for 2,685-square-feet of industrial space at Ruthrauff Commerce Center, 2420 W. Ruthrauff Rd., Suite 140 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
Spreading Threads Clothing Bank renewed their lease with Pegasus Tucson Owner, LLC for 2,400-square-feet of industrial space at Exchange Place Business Center, 1870 W. Prince Rd., Suites 54 & 55 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3621 E 44TH ST., TUCSON
Aspen Fire Furniture renewed their lease with Pegasus Tucson Owner, LLC for 2,400-square-feet of industrial space at South Dodge Business Center, 3621 E. 44th St., Suite 7, 10, & 11 in Tucson. Paul Hooker, SIOR, Principal, Andrew Keim, and Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 6915 N CAMINO MARTIN, MARANA
Mountainview Tours, Inc. renewed their lease with Camino Martin II, LLC, for 2,217-square-feet of industrial space at 6915 N. Camino Martin in Marana. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Dean Cotlow with Cotlow Company, represented the landlord.

INDUSTRIAL – 3538 N ROMERO RD., TUCSON
Redbox Automated Retail, LLC, renewed their lease with Costa Verde Investments, LLC, for 1,500-square-feet of industrial space located in Romero-Prince Business Park, 3538 N. Romero Rd., Suite 124 in Tucson.  Ron Zimmerman, Principal, and Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

RETAIL – 3919 E PIMA ST., TUCSON
Native Seeds/Southwestern Endangered Aridland leased 1,500-square-feet of retail space at Frontier Village, 3919 E. Pima St. in Tucson, from Frontier Village, LLC. Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the tenant in this transaction. Elaina Elliott and Isaac Figueroa with Larsen Baker, represented the landlord.

INDUSTRIAL – 1660 S RESEARCH LOOP, TUCSON
LJ International Trading LLC leased 1,440-square-feet of industrial space in Clairemont Plaza, 1660 S. Research Loop, Suite 138 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.

OFFICE – 1955 W GRANT RD., TUCSON
Easy Systems, Inc. leased 1,403-square-feet of office space at WestGrant Centre, 1955 W. Grant Rd., Suite 160 in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3961 E SPEEDWAY BLVD., TUCSON
Quick Restore of Tucson, LLC expanded their space with an additional 1,170-square-feet of industrial space at Central Point Business Plaza, 3961 E. Speedway Blvd., Suite 411 in Tucson, from Central Point Tucson, LLC. Molly Mary Gilbert, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 1661 N SWAN RD., TUCSON
KBHS Home Loans, LLC, leased 920-square-feet of office space from DHS Property Investments, Ltd. Partnership, located in The Smart Building, 1661 N. Swan Rd., Suite 210 in Tucson. Thomas J. Nieman, Principal, and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 1661 N SWAN RD., TUCSON
American Guard Services, Inc. leased 900-square-feet of office space from DHS Property Investments, Ltd. Partnership, located in the Smart Building, 1661 N. Swan Rd., Suite 212 in Tucson.  Ryan McGregor and Thomas J. Nieman, Principal, and Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3300 S DODGE BLVD., TUCSON
Key’s “N” Tune renewed their lease with Pegasus Tucson Owner, LLC for 599-square-feet of industrial space at Dodge Business Center, 3300 S. Dodge Blvd. in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

Submit sales and leases to [email protected]

Acquires two-building, Class A asset in Chandler, Arizona for $32.5 million

CHANDLER, Arizona – In its first major metro Phoenix industrial acquisition of the year, leading commercial real estate firm Lincoln Property Co. (LPC) has closed on two buildings at AZ 202 Commerce Park in Chandler, Arizona for $32.5 million.

Located at 1600 S. Hamilton St. in Chandler, the newly acquired project totals 7.74 acres and 140,372 square feet in two fully leased buildings – a 65,892-square-foot Building A and a 74,480-square-foot Building B. The property sits adjacent to AZ 202 Commerce Park Phase I, a 106,000-square-foot build-to-suit completed in 2018 and fully occupied by PODS Moving and Storage.

All three buildings were developed by ViaWest Group. Buildings A and B were delivered in 2020, ranking them among the newest industrial construction in the submarket.

“Phoenix has become a destination for the best and brightest industrial tenants, and as a result has attracted the attention of world-class institutional investors,” said LPC Desert West Senior Executive Vice President David Krumwiede. “It is great to see – and be a part of – core institutional capital being directed here as part of long-term, buy-and-hold investment strategies.”

AZ 202 Commerce Park is located in the heart of one of the nation’s best-performing industrial markets, minutes from a full-diamond interchange at the Loop 202 freeway and Arizona Avenue.

It is supported by a highly qualified labor pool, an attractive cost of living and cost of doing business, and a high-barrier-to-entry submarket where, according to CBRE, record tenant demand is expected to drive rental rates up by more than 30 percent in the next five years.

Building amenities at Buildings A and B include 28’ clear height, 60’ speed bays, gated and secured concrete truck courts and 38 rear-load doors offering dock-high and grade-level loading. Additional amenities include an ESFR sprinkler system, LED lighting, 2000amps of power per building and generous car and trailer parking.

The property seller, Via West, was represented by Will Strong, Mike Haenel, Andy Markham, Phil Haenel and Greer Oliver of Cushman and Wakefield.

Current LPC industrial developments in Arizona include the 210-acre Park303 industrial park, 322,000-square-foot Buckeye85 and 475-acre Goodyear Airpark.

For more information on LPC development, investment and property management services in the Desert West region, contact Krumwiede or LPC Desert West Vice President John Orsak at 602.912.8888.

PHOENIX, ARIZONA – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32,000,000 / $273,504 Per Unit / $381.49 Per SF sale of Haven at South Mountain Apartments, a 117-unit multifamily apartment community located at 1630 East Baseline Road, Phoenix, AZ 85040 in Phoenix, Arizona. ABI Multifamily’s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick represented the buyer and seller in this transaction.

The buyer is based in California. Intrust Property Group, the first of the selling entities, is based in California and Sunrise Multifamily, the second entity, is based in Arizona.

Haven at South Mountain Apartments is a 117-unit garden-style apartment community built in 1986 in the South Phoenix submarket of Phoenix, Arizona. The property consists of 8 rental buildings constructed of wood frame, stucco, and flat roofing resting on a 4.67-acre site. The unit mix consists of a 1 studio, 60 one-bedroom / one-bathroom, and 56 two-bedroom / two-bathroom units with a weighted average of 717 square feet. All units are individually metered for electricity, feature individual hot water heaters, and are installed with individual roof-mounted HVAC units. A majority of the units are pre-plumbed and contain washer / dryer appliances. The property’s exterior improvements include: Leasing office, fitness center, swimming pool with furniture, dog park, barbecue grills, and playground. Interior improvements include: All new granite / quartz countertops, cabinets, wood vinyl flooring, fans, and fixtures. All 2nd floor two-bed units feature vaulted ceilings.

The community is located in the South Phoenix submarket approximately seven miles south of Downtown Phoenix and Phoenix Sky Harbor International Airport. Haven at South Mountain’s proximity to a multitude of major transportation corridors such as: The Arizona Veterans Highway (Interstate-17), Superstition Freeway (US-60), and the Papago Freeway (Interstate-10) provides residents with easy access to the entire Phoenix Valley. A key area amenity is the South Mountain Park and Preserve which features more than 16,000 total acres of recreational outdoor space and over 50 miles of trails for hiking, horseback riding, and mountain biking. Also situated nearby to the property is one of Phoenix’s elite golf courses, the Legacy Golf Resort, South Mountain Community College and numerous retail options such as: Target, Fry’s Food & Drug, The UPS Store, Walgreens, PetSmart, Walmart Neighborhood Market, Discount Tire, and the dining opportunities at The Farm at South Mountain. Plans to expand the Light Rail to Central & Baseline, just a couple blocks down the street from the apartment community, will connect the nearby area to Downtown Phoenix adding tremendous value to the property.

ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento, and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.