Two new Fox Restaurant Concepts brands are coming to Tucson in 2022

TUCSON, ARIZONA – Fox Restaurant Concepts purchased the former Old Chicago Restaurant at Campbell Plaza to raze for construction of two new Fox Restaurant brands, Flower Child and Doughbird.

The 6,635-square-foot building on a 41,213-square-foot pad sold for land value at $2.75 million ($67 PSF). Anchored by Albertson’s at the northeast corner of Campbell Ave. and Glenn Street in the Central submarket of Tucson.  Other tenants in the center include Sauce, 5 Guys Burgers, Panda Express, and other businesses in the heart of the Campbell Avenue Corridor.

The Old Chicago building will be replaced with a new, architecturally significant 8,000-square-foot building, which will accommodate Tucson’s only Flower Child Restaurant. The free-standing building will also include the first Doughbird eatery in the metro area.

The seller, DSW IREIF Tucson Retail, (G.S. Jaggi, Michael Sarabia and James Hardman, Prinicpals) were represented by Greg Furrier and Dave Hammack with Cushman & Wakefield | Picor in the transaction.

“The building was built in 1974,” said Greg Furrier. “Originally built for Rueben Plank House and then converted to a CoCo’s Restaurant by the same owners. It has been a Mama Louisa’s and later an Old Chicago’s, that closed last year during the pandemic. Fox had been looking for the right location along the Campbell Corridor for some time.”

“We’re always looking for great opportunities to grow in Tucson and finally found the perfect location for these two restaurants,” said Sam Fox, founder of Fox Restaurant Concepts. “It’s been a longtime goal of ours to bring Flower Child to Tucson, and we are excited to be able to do it alongside Doughbird, a concept that we are just beginning to grow. During what’s been a challenging time for our industry, we’re grateful for our loyal guests in Tucson and hope that they will enjoy these restaurants time and time again.”

“We believe that they have landed at the perfect location,” said Michael Sarabia.

Flower Child caters to all lifestyles from vegetarian and vegan, to meat-eating and gluten-free, to keto and paleo with their customizable, made-from-scratch menu.

As for Doughbird, guests can expect both hand-stretched and Detroit-style square pan pizza alongside rotisserie and crispy chicken, all with unexpected twists.

Common Bond Development Group, under the leadership of Brian Frakes, will collaborate with Fox on the development which is projected for completion late 2022.

Sam Fox opened his first concept, Wildflower American Cuisine, in Tucson in 1998. He has introduced dozens of Fox Restaurant Concepts brands including Zinburger, North Italia, Blanco Cocina + Cantina, and Culinary Dropout. There are more than 50 locations across the United States today.

For more information on this transaction, Furrier can be reached at 520.546.2735 and Hammack is at 520.546.2712.

To learn more, see RED Comp #9311.

Phoenix, Arizona – The city of Chandler, or the southeast valley property to be exact, is getting a little hard to come by these days. There is a decrease in property availability but this local investor was sure to get the best deal on these 3.54 acres in Chandler.

Director of Retail Leasing & Sales Investment, Rommie Mojahed with SVN Desert Commercial Advisors in Phoenix represented the buyer, Klusman Family Holdings, LLC, a long-time client in the transaction. The property is located on the southwest corner of McQueen & Pecos Rd. It is only one mile east of the 87 freeway and just one mile north of the 202, Santan freeway. The Chandler airport center is less than two miles away as well.

The seller, Brent Hickey with Copperstate West Inc. has owned the parcels for many years and just felt it was time to sell. The seller has no other plans with the profits from the $1,950,000 sale ($12.65 PSF).

Director Mojahed said, “The buyer will deliver retail PADS for specific users. There is gross lease in place already and there may be some other users, such as coffee, fast food and more future retail.”

TUCSON, ARIZONA – A Northwest Medical Campus medical building at 6060 N Fountain Plaza Drive in Tucson sold for $11.4 million ($214 PSF) on ground lease to an affiliate of Altera Fund Advisors of Dallas, Texas.

Altera is a diversified commercial real estate firm focused primarily on investing in medical and healthcare-related real estate assets as an advisor, sponsor, and general partner. Altera and its affiliates have acquired approximately $450 million of real estate assets across predecessor partnerships and vehicles.

This was the sole acquisition in Tucson for Altera while also acquiring six assets in Phoenix.

Built in 2020, the 52,064-square-foot, class-A two-story building, was 83% occupied at time of sale with such tenants as Allied Physicians, Women’s Imaging, Rincon Pain and Northwest Hospital, the major tenant in building.

The seller, Cotlow Development II, LLC of Tucson was self-represented by Dean Cotlow of the Cotlow Company. The investor was represented by David Montijo with CBRE Tucson.

For more information, Cotlow can be reached at 520.881.8180 and Montjo can be contacted at 520.323.5135.

To learn more, see RED Comp #9232.