TUCSON, AZ (October 13,  2025) – Volk Company has announced a landmark lease on Tucson’s iconic 4th Avenue, where a new hospitality concept is set to bring a bold and futuristic energy to the historic corridor, NEX Restaurant and Bar.

Joey Castillo of Volk Company represented the landlord, Tophoy Block, LLC, in leasing approximately 3,191 square feet of retail and restaurant space at 220 North 4th Avenue to Sihota LLC, the ownership group behind NEX Restaurant and Bar.

The property, previously home to Ermanos Bar and Portal Cocktails, closed in February 2025 after a decade of operation and had become a recognizable fixture on 4th Avenue’s dining scene. The new tenant aims to honor that legacy while introducing a reimagined experience that blends culinary creativity with immersive design.

According to project details, NEX Restaurant and Bar will feature a forward-thinking, modern dining concept complemented by Afterlife, a Cyberpunk-inspired speakeasy housed in the rear portion of the building. The venue’s interior will feature an airship-like, parametrically curved structure designed by acclaimed Tucson architects Rob Paulus and Kenneth Lowe, known for their distinctive approach to adaptive reuse and contemporary forms.

“NEX is the kind of concept that both respects Tucson’s historic architecture and propels its culinary scene forward,” said Joey Castillo, Retail Specialist with Volk Company. “We’re seeing a continued wave of restaurant investment along 4th Avenue and downtown, where local operators are taking creative risks that elevate the experience for residents and visitors alike.”

The location offers strong pedestrian visibility, as it is situated near the heart of 4th Avenue’s nightlife district between University Boulevard and Downtown Tucson. With the streetcar line, nearby student housing, and a surge of local development activity, the corridor remains one of Tucson’s most dynamic retail environments.

NEX Restaurant and Bar is expected to open in Q1 2026, joining a growing list of locally owned establishments contributing to the evolving identity of the 4th Avenue district.

For more information on available leasing opportunities, contact Volk Company at https://www.volkco.com

TUCSON, Arizona (October 10, 2025) — Two Tucson manufactured housing communities have changed hands in separate transactions totaling $9.4 million, with affiliates of Comfort Communities selling both properties to affiliates of Invesco Real Estate. Though the deals involved similar parties and closed on the same date, the two communities traded at notably different price-per-unit levels.

On September 23, 2025, Catalina Vista Mobile Home Park, an 82-space community at 3344 East Kleindale Road in central Tucson, sold for $6,500,000 ($79,268 per space). The seller was Catalina Vista MHC LLC of El Cajon, California, affiliated with Comfort Communities, and the buyer was Catalina Vista MH Owner LLC, an affiliate of Invesco Real Estate based in Dallas, Texas. Built in 1961, the 6.34-acre community offers a clubhouse, pool, and laundry facilities.

That same day, Five Star Mobile Home Park, a 43-space community at 1305–1311 West Prince Road in Tucson, sold for $2,900,000 ($67,441 per space). The seller was Five Star MHC LLC, also based in El Cajon and affiliated with Comfort Communities, while the buyer was Five Star MH Owner LLC, another Invesco affiliate. The 4.04-acre property was initially developed in 1952 and includes a clubhouse, pool, and laundry facilities.

While both sales occurred on the same day, the price-per-unit varied significantly: Catalina Vista commanded nearly $79,300 per space, while Five Star traded at roughly $67,400 per space. The two communities traded at different price points, likely due to variations in age, location, and financial performance.

The acquisitions underscore the continued appetite of institutional investors such as Invesco Real Estate for Tucson’s manufactured housing assets, while Comfort Communities continues to reposition its portfolio through selective dispositions. Manufactured housing communities remain an attractive investment class, offering stable income streams and an essential supply of affordable housing in the Tucson market.

Source: RED Comp #12110 and #12112

303 Logistics Phase II Building One of Four Buildings Planned for West Valley Master Planned Project; Insurance Company Acquisition Loan Offers Non-Recourse and Interest Only Terms

Phoenix, Ariz. (October 10, 2025) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged a $33.1 million permanent loan for the acquisition of 303 Logistics Phase II, a state-of-the-art industrial facility located at 6701 N. Logistics Way in Litchfield Park, a fast-growing West Valley submarket of Metro Phoenix.

The 377,000-square-foot Class A building, situated on 26 acres, was completed in 2023 as the second phase of a four-building, master-planned logistics campus designed for large-footprint warehouse users. The facility is divisible for single or multi-tenant occupancy and features 36-foot clear heights, 190-foot concrete truck courts, 44 dock-high doors, two grade-level doors, 55 trailer parking stalls, 148 auto parking spaces, full warehouse HVAC and ESFR fire suppression systems, a spec office suite, and direct Loop 303 frontage with convenient Interstate 10 access.

Gantry’s Tim Storey, Principal; Chad Metzger, Senior Associate; and Andrew Christopherson, Associate, from the firm’s Phoenix production office, represented the borrower, a private real estate investor. The seven-year, fixed-rate, non-recourse loan was placed through one of Gantry’s correspondent insurance company lenders and includes full-term interest-only payments.

“Modern, large-footprint warehouse assets like 303 Logistics Phase II continue to attract investors and lenders alike,” said Tim Storey. “With long-term single-tenant leasing in place, our team engaged multiple correspondent lenders and ultimately secured a fixed-rate loan at maximum proceeds with full-term interest-only—optimized to the client’s desired debt-to-equity threshold for a legacy hold investment.”

For more than 30 years, Gantry has built its reputation on independent thinking and client-first service. As a privately held firm, Gantry operates intentionally outside industry consolidation trends—maintaining a personal, correspondent-driven platform that currently manages a $23 billion national servicing portfolio.

For more information, visit www.gantryinc.com