TUCSON, AZ (September 15, 2025) — Commercial lease activity in Southern Arizona remained steady this week, with more than 96,000 square feet of transactions reported. Retail deals once again dominated activity, led by large seasonal leases signed by Spirit Halloween and Toys for Tots. At the same time, the industrial sector saw steady mid-sized leases, including Casitas’ 9,450-square-foot facility on Huachuca. Office transactions were highlighted by Agrape Inc.’s 3,300-square-foot lease on Prudence and Liberty Mutual’s renewal at Wilmot Road. A mix of national brands, local businesses, and seasonal tenants contributed to both new leases and renewals, and a diverse and active marketplace across Tucson’s core submarkets.

Commercial leasing activity across Southern Arizona for the week totaled 96,398 square feet.

• New Leases total: 74,688 square feet
  • Retail: 57,513 square feet
  • Industrial: 13,575 square feet
  • Office: 3,600 square feet
• Renewals total: 21,710 square feet
  • Retail: 14,366 square feet
  • Industrial: 3,124 square feet
  • Office: 4,220 square feet

The following leases were reported to the Real Estate Daily News for the week of September 8–12, 2025.

NEW LEASES

RETAIL – 5555 E. Broadway Blvd., Tucson, 85711, East Submarket
Spirit Halloween Superstores, LLC leased 23,964 square feet for its seasonal Halloween store. Nancy McClure, CBRE, represented the landlord, East Broadway Tucson Co., LLC.

INDUSTRIAL – 3191 E. 44th St., Tucson, 85713, South Palo Verde Submarket
Capital Pump and Equipment LLC leased 10,678 square feet. CBRE’s Tim Healy represented Papa John Properties LLC, the landlord.

INDUSTRIAL – 2425 N. Huachuca, Suite 191, Tucson, 85745, Northwest Submarket
Casitas leased 9,450 square feet. Dave Blanchette, NAI Horizon, represented the tenant, and Max Fisher, BRD Realty, represented the landlord, Schramek Michael LLC.

RETAIL – 502 E. Ajo Way, Suite 130, Tucson, 85713, South Submarket
Spirit Halloween Superstores, LLC leased 9,433 square feet. Terry Dahlstrom of VOLK Company represented the landlord, Dahlstrom Ajo Plaza, LLC.

RETAIL – 3989 E. Grant Rd., Tucson, 85712, Northeast Submarket
U.S. Marines Toys for Tots leased 9,000 square feet for its annual seasonal holiday program. Nancy McClure, CBRE, represented the landlord, Stromiga Partnership & ROLL-IT, LLC.

RETAIL – 4741 E. Speedway Blvd., Tucson, 85712, Northeast Submarket
Spirit Halloween Superstores, LLC leased 7,289 square feet. Terry Dahlstrom of VOLK Company represented the landlord, WPW Investments, LLC.

OFFICE – 1650 E. River Rd., Suite 104, Tucson, 85718, Northeast Submarket
Fidelity National Title Agency leased 4,854 square feet. CBRE’s David Montijo represented the landlord, Mesquite Properties LLC. Tom Imparato of Orion Realty Group represented the tenant.

RETAIL – 7861 N. Oracle Rd., Tucson, 85704, Northwest Submarket
Pet Care, LLC leased 3,941 square feet. Ben Craney and Dave Dutson with NAI Horizon represented the landlord; Dave Carroll with Paul Ash Commercial represented the tenant.

OFFICE – 921 S. Prudence Rd., Tucson, 85710, East Submarket
Agrape Inc. leased 3,300 square feet. Thomas J. Nieman, Principal, and Jason Shaltiel, Office Specialists with Cushman & Wakefield | PICOR, represented both parties.

RETAIL – 7039 E. Tanque Verde Rd., Tucson, 85715, Northeast Submarket
LuxeFit Studio leased 2,147 square feet. Andreas Castillo, Jeramy Price, and Joey Castillo of VOLK Company represented the landlord, Sabino-Verde LLC, while Aaron LaPrise of PICOR represented the tenant.

RETAIL – 2932 E. Broadway Blvd., Tucson, 85716, Central Midtown Submarket
Piccolo Pasta, LLC leased 2,000 square feet and will open its third Bubbe’s Fine Bagels at this location. Jeramy Price and Joey Castillo of VOLK Company represented the landlord, Palms Park, LLC.

INDUSTRIAL – 2341 S. Friebus Ave., Suite 13, Tucson, 85713, South Submarket
Manley’s HVAC leased 1,725 square feet. Max Fisher, BRD Realty, represented both parties.

OFFICE/INDUSTRIAL – 50 W. Fort Lowell Rd., Tucson, 85705, Central Submarket
Tree and Stone leased 1,700 square feet. Max Fisher, BRD Realty, handled the transaction.

RETAIL – 5470 E. Speedway Blvd., Suite 106A, Tucson, 85712, Northeast Submarket
Selam Eritrean Market, LLC leased 1,200 square feet at Speedway Craycroft Plaza. Isaac Figueroa, CCIM, SIOR, of Larsen Baker represented the landlord, and Cameron Casey of Oxford Realty represented the tenant.

INDUSTRIAL – 1870 W. Prince Rd., Suite 64, Tucson, 85705, Central Submarket
Prime Pest and Lawn SW, LLC leased 1,200 square feet. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – 3210 S. Dodge Blvd., Suite 5, Tucson, 85713, South Central Submarket
JTG Painting, Inc. leased 1,200 square feet. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 7070 N. Oracle Rd., Tucson, 85704, Northwest Submarket
NFP Property & Casualty Services leased 1,243 square feet (Suite 120). CBRE’s Bruce Suppes, Gregg Carlin, and Taylor Carlin represented the tenant; Greg McMillan of Cushman & Wakefield represented the landlord.

RETAIL – 9121 E. Tanque Verde Rd., Tucson, 85749, Northeast Submarket
Riserfit AZ, LLC dba Club Pilates leased 1,860 square feet. Dave Dutson with NAI Horizon handled the transaction.

OFFICE –  4625 E. Broadway Blvd., Suite 107, Tucson, 85711, East Central Submarket
Suncliffe, LLC, leased 300 square feet. Cameron Casey of Oxford Realty Advisors represented the landlord.

RENEWALS

INDUSTRIAL – 2700 E. Executive Dr., Tucson, 85706, South (Airport) Submarket
Nolato GW Inc. renewed its lease for 28,971 square feet. CBRE’s Tim Healy and Randy Eigen represented the tenant; Dave Hammack with Cushman & Wakefield | PICOR represented the landlord.

INDUSTRIAL – 3280 E. Hemisphere Loop, Tucson, 85706, South (Airport) Submarket
Onto Innovation Inc. renewed its lease for 18,895 square feet. CBRE’s Tim Healy represented Sierra Valencia Properties LLC; Ryan Orton with Cresa Partners represented the tenant.

INDUSTRIAL – 3925 N. Benan Venture Dr., Tucson, 85705, Central Submarket
Lennox Industries renewed its lease for 11,166 square feet. CBRE’s Tim Healy, Jackson Kraft, Seth Kelly, Seth Ramey, Michael Meaden, and Maggie Curless represented the tenant; Robert Glaser with Cushman & Wakefield | PICOR represented the landlord.

OFFICE – 333 N. Wilmot Rd., Suite 100, Tucson, 85711, East Submarket
Liberty Mutual Insurance Company renewed its lease for 4,220 square feet at the National Bank of Arizona Plaza. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, and Tom Wille with Cushman & Wakefield, Tampa, represented the tenant. Michael Gross with Tucson Realty & Trust Co. represented the landlord.

RETAIL – 4951 E. Grant Rd., Suite 123-124, Tucson, 85712, South Submarket
SAS Shoes renewed its lease for 2,371 square feet at Crossroads East Shopping Center. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 7037 E. Tanque Verde Rd., Tucson, 85715, Northeast Submarket
Crescent Tobacco Shop and Newsstand renewed its lease for 2,240 square feet in Tanque Verde Shopping Center. VOLK Company represented the landlord, Sabino-Verde, LLC.

RETAIL – 1801 S. Alvernon Way, Suite 107, Tucson, 85711, East Submarket
First Chiropractic renewed its lease for 1,200 square feet at Midpoint Business Plaza. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 2960 S. 6th Ave., Suite 120, Tucson, 85713, South Submarket
TitleMax renewed its lease for 1,176 square feet at Fiesta Mercado Shopping Center. Dave Hammack and Aaron LaPrise, Principals, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 7061 E. Tanque Verde Rd., Tucson, 85715, Northeast Submarket
Little Shop of Hairdos renewed its lease for 868 square feet. VOLK Company represented the landlord, Sabino-Verde, LLC.

INDUSTRIAL – 3250 S. Dodge Blvd., Suite 10, Tucson, 85713, South Submarket
AJ Wholesalers LLC renewed its lease for 244 square feet. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected].

TUCSON, Ariz. (August 6, 2025) – BV Shoppes, a 12,900-square-foot retail strip center at 2920 – 2930 E Broadway Blvd along East Broadway Boulevard in Tucson, changed hands twice in quick succession, highlighting continued investor appetite for added-value retail assets in the city’s core trade corridors.

The 70% leased property was first purchased by JP Family Trust (Jeramy Price) from LMG Investments, LP for $2,000,000. The sale was brokered by Dave Hammack, Principal and Retail Specialist with Cushman & Wakefield | PICOR, who represented the seller, while Jeramy Price with Volk Company represented himself.

Shortly after closing, JP Family Trust resold the property to Palms Park, LLC of Tucson for $2,350,000 ($182 PSF) in a double escrow. Joey Castillo of Volk Company represented the investor and Jeramy Price of Volk Company represented himself as the seller.

The rapid resale while in escrow reflects the strong competition among investors for well-located retail properties with high visibility in established trade areas.

BV Shoppes, positioned along East Broadway Boulevard, benefits from excellent frontage and daily traffic counts, offering convenience, access, and a diversified tenant base that contributed to its appeal for both the initial purchaser and subsequent investor. The owner plans to update the façade to match the adjacent Bisbee Breakfast Club building (2936 E Broadway), lease up the vacancies, and stabilize the asset.

For more information, Hammack can be reached at 520.546.2712, Castillo is at 520.495.2234, and Price is at 520.441.4771.

Source: RED Comp #12025.

TUCSON, AZ (August 1, 2025) — Larsen Baker is pleased to announce the successful sale of a freestanding commercial building located at 2801 E. Grant Road, just east of Tucson Boulevard and adjacent to Tucson Fire Station 5.

Ideal Grant Holdings, LLC purchased the 8,510-square-foot building for $400,000 ($47 PSF). The buyer intends to reposition the asset, which benefits from strong visibility and proximity to midtown neighborhoods and key arterial routes.

The transaction closed on July 17, 2025.

The seller, The Miros Living Trust, was represented by Isaac Figueroa, CCIM, SIOR, with Larsen Baker, while Jeramy Price of Volk Company represented the buyer.

Constructed in 1971, the property sits on a 0.53-acre parcel with flexible zoning and accessibility, making it a candidate for retail, office, or service-oriented redevelopment. Its strategic location along East Grant Road provides a high-traffic corridor for future tenants or users.

The property is now available for lease with Jeremy Price of VOLK Company.

This transaction reflects continued interest in centrally located Tucson commercial assets, particularly among investors seeking value-add opportunities with strong fundamentals.

For more information, Figueroa can be reached at 520.296.0200, and Price can be contacted at 520.441.4771.

Source: RED Comp #11998

TUCSON, AZ (July 28, 2025) — Retail led the Tucson leasing activity this week with over 80,000 square feet leased across a mix of national brands, boutique shops, and service providers. The largest deal was Just Between Friends’, a 26,500-square-foot seasonal lease on the east side, followed closely by Boot Barn’s 20,175-square-foot commitment in Madera Marketplace, Sahuarita. Other notable retail leases included Buffalo Bell, Color Me Mine, and Green Drop, highlighting continued demand for neighborhood centers. Urban Outfitters and Rent-A-Center renewed at established locations, showing tenant stability in key corridors.

The industrial sector saw two significant leases, Tiberius Aerospace and LYMI Inc. (City Wide Facility Solutions) secured spaces totaling over 22,000 square feet, underscoring ongoing demand in the northwest and south submarkets.

Office leasing was modest, with deals under 1,500 square feet for medical, nonprofit, and wellness users. A small expansion by Pacific Dental Services at Colonia Verde Shopping Center rounded out the activity.

Overall, the week reflected healthy demand across sectors, with strong activity in retail and steady movement in industrial and office.

The following leases were reported to the Real Estate Daily News from July 21- 25, 2025:

INDUSTRIAL –  8210 S Nogales Hwy, Tucson, AZ 85756 – Central Submarket
LYMI Inc., operating as City Wide Facility Solutions of Southern Arizona, leased an approximately 10,500 square feet warehouse on a 43,560 square foot parcel from Ideal Ranch Holdings LLC. Andreas Castillo and Jeramy Price of VOLK Company represented the landlord.

RETAIL – 2520 S. Harrison Rd., Tucson, AZ 85748 – East Submarket
Just Between Friends leased 26,500 square feet of retail space from Harrison 135th St., LLC. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the landlord. Just Between Friends sale runs July 23–26.

RETAIL – Madera Marketplace Shopping Center, Sahuarita, AZ 85629 – Green Valley/Sahuarita Submarket
Boot Barn Western and Work Wear leased 20,175 square feet from TNG Green Valley LP. Dave Hammack and Aaron LaPrise of Cushman & Wakefield | PICOR represented the landlord, while Todd Folger of CBRE Phoenix represented the tenant.

INDUSTRIAL – 8020 N Business Park Dr, Tucson, AZ 85743 – Northwest Submarket
Tiberius Aerospace, Inc. leased 12,019 square feet from LEL Arizona, LLC. Joey Castillo of VOLK Company represented the tenant; William Mordka of Harvey Mordka Realty represented the landlord.

RETAIL – 120 S Euclid Ave, Tucson, AZ 85719 – Central Submarket
Speedy Novus Glass LLC leased 3,125 square feet on a 20,120-square-foot parcel from 120 S Euclid LLC. Joey Castillo and Dave Volk of VOLK Company represented the landlord; Keri Scott of Colliers International represented the tenant.

RETAIL – Colonia Verde Shopping Center, 7111 E. Tanque Verde Rd., Suites 107 & 113, Tucson, AZ 85715 – Northeast Submarket
Pacific Dental Services LLC has renewed and expanded its space to a total of 3,800 square feet. Dave Hammack with Cushman & Wakefield | PICOR represented the landlord; Joe Doucett with Newmark Real Estate represented the tenant.

RETAIL – 9172 S Houghton Rd., Suite 140, Tucson, AZ 85747 – Southeast Submarket
Beauty and Beasts Salon, LLC, leased 2,000 square feet. Joey Castillo, Andreas Castillo, and Jeramy Price of VOLK Company represented the landlord; Dave Hammack of PICOR represented the tenant.

MEDICAL OFFICE – 5225 E Knight Dr., Suite 101, Tucson, AZ 85712 – Northeast Submarket
J2 Laboratories leased 2,280 square feet. Isaac Figueroa, CCIM, SIOR, with Larsen Baker represented the landlord.

RETAIL – 1104 S Wilmot Rd., Tucson, AZ 85711 – East Submarket
Pisey Taing leased 1,972 square feet for Buffalo Bell, a quick-serve wing restaurant. Ana Aguilar and Jeramy Price of VOLK Company represented the landlord.

RETAIL – Oracle Wetmore Shopping Center, 4386 N. Oracle Rd., Suite 156, Tucson, AZ 85705 – Central Submarket
Color Me Mine leased 1,750 square feet from Acacia-Tucson LLC. Aaron LaPrise of Cushman & Wakefield | PICOR represented the landlord; Richard Aries with ESR Commercial represented the tenant.

RETAIL – Villages at Sam Hughes, 2512 E. 6th St., Tucson, AZ 85716 – Central Submarket
All M Designs, LLC leased 1,457 square feet for a home goods and women’s clothing boutique. Joey Castillo and Andreas Castillo of VOLK Company represented the landlord.

OFFICE – Mesquite Corporate Center, 1650 E. River Rd., Suite 203, Tucson, AZ 85718 – Foothills Northeast Submarket
Avanzar Wellness leased 1,393 square feet from Mesquite Properties LLC. Molly Mary Gilbert, CCIM of Cushman & Wakefield | PICOR represented the tenant; David Montijo with CBRE represented the landlord.

RETAIL – 4955 N. Sabino Canyon Rd., Suite 5, Tucson, AZ 85750 – Foothills Northeast Submarket
Fengqun Cao leased 1,140 square feet from HVIP, LLC. Natalie Furrier of Cushman & Wakefield | PICOR represented the landlord.

RETAIL – Tucson Place Shopping Center, 405 E. Wetmore Rd., Suite G-110, Tucson, AZ 85705 – Central Submarket
TVI, Inc. (Green Drop) leased 1,208 square feet. Isaac Figueroa, CCIM, SIOR with Larsen Baker represented the landlord; Trent McCullough with LevRose represented the tenant.

RETAIL – 918 W. Irvington Rd., Suite 126, Tucson, AZ 85714 – South Submarket
P-A-G-E-S, Inc. leased 1,203 square feet for a tech repair business. Joey Castillo and Andreas Castillo of VOLK Company represented the landlord; Dave Hammack of PICOR represented the tenant.

RETAIL – 225 E Valencia Rd., Suite 140, Tucson, AZ 85706 – South Submarket
G&M Pilates Studio LLC leased 1,200 square feet. Andreas Castillo and Joey Castillo of VOLK Company represented the landlord.

OFFICE – 3101 N. Swan Rd., Tucson, AZ 85712 – Northeast Submarket
The Singletons, an Arizona Nonprofit Corporation, leased 1,100 square feet. Joey Castillo of VOLK Company represented the landlord; John Hester of Goldsmith Real Estate represented the tenant.

OFFICE – West Grant Centre, 1955 W. Grant Rd., Executive Suite I, Tucson, AZ 85745 – West Submarket
Archwest P.C. leased 167 square feet. Molly Mary Gilbert, CCIM, with Cushman & Wakefield | PICOR represented the landlord.

Renewals

RETAIL – Main Gate Square, 901 E. University Blvd., Tucson, AZ 85719 – Central Submarket
Urban Outfitters has renewed its 10,000-square-foot lease with The Marshall Foundation. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the landlord.

RETAIL -1730 W. Ajo Way, Tucson, AZ 85713 – South Submarket
Purple Cactus, operating as Rent-A-Center, renewed 4,800 square feet with Park View Plaza, Inc. VOLK Company handled the renewal.

OFFICE – Ina Corporate Center, 3275 W. Ina Rd., Suite 209, Tucson, AZ 85741 – Northwest Submarket
Lash and Skin by Lauren C, LLC renewed 635 square feet. Thomas J. Nieman with Cushman & Wakefield | PICOR represented the landlord.

Submit sales and leases to [email protected]

TUCSON, ARIZ. (July 25, 2025) — A trio of commercial real estate deals totaling over $1 million closed recently in Tucson, involving retail, multifamily, and office properties across the city were PICOR transactions.

In the largest of the three sales, Tierra Imperial LLC acquired 0.34 acres of retail-zoned land at 702 S. Stone Avenue and 709 S. 7th Avenue for $490,000. The centrally located parcels sit within Tucson’s emerging downtown-edge corridor, offering strong redevelopment potential. Kameron Norwood, Investment Sales & Leasing Specialist with Cushman & Wakefield | PICOR, represented both the buyer and seller, R + R DEVELOP LLC, in the transaction.

In a separate deal on the city’s southeast side, Wayne and Donna Swan purchased 1.64 acres of multifamily-zoned land at 3901 & 3941 S. Kolb Road for $354,000. The site is well-positioned near major transportation corridors and residential growth areas. Kameron Norwood represented the seller, Las Casitas XIVB LLC, while Zachariah Samorano of Hot Casa LLC represented the buyers.

On the office side, AZ Behavioral Health Outreach Strategies expanded its footprint with the acquisition of 1,800 square feet of office space at 2660 N. 1st Avenue for $210,750. The building provides a strategic location near the intersection of 1st Avenue and Grant Road. Jason Shaltiel, Office Specialist with Cushman & Wakefield | PICOR, represented the buyer. The seller, William C. Scott Living Trust, was represented by Jeramy Price of Volk Company.

These transactions highlight continued investment momentum in Tucson’s infill corridors and growth areas, with local buyers actively pursuing development and owner-user opportunities across asset types.

Sources: RED Comps #11971, #11957 and #12012.

TUCSON, Ariz. (June 27, 2025) – The two-tenant retail building located at 2320 N. Silverbell Road in Tucson has sold for $2,553,142 ($486 per square foot) to BSGordon Holdings Two, LLC, an investment group based in Malibu, California. The seller was Volk Vista One, LLC, and 2320 N Silverbell, LLC, both Tucson-based entities affiliated with VOLK Company.

Jeramy Price of VOLK Company served as the exclusive listing broker and represented the seller in the transaction, which closed on June 18, 2025.

Originally built in 1992, the 5,209-square-foot building underwent extensive renovations in August 2024, including new storefront glass, upgraded façades, and site improvements designed to attract national and regional tenants. The building also includes a 675-square-foot outdoor patio.

At the time of sale, the property featured 2,300 square feet leased to Filiberto’s Mexican Food under a long-term lease agreement. While in escrow, a second tenant leased the remaining space, which will operate as a German beer garden concept,  Biergarten Tucson, expected to open in Fall 2025, further bolstering the center’s tenancy and income profile.

Situated at the signalized, high-traffic intersection of Silverbell and Grant Roads, the site offers ~249 feet of direct frontage and excellent visibility. It benefits from strong traffic counts, proximity to dense residential neighborhoods, and immediate access to Interstate 10, making it a high-demand location for food and service-based retail tenants.

The retail center is located within a designated Opportunity Zone, providing additional tax incentives for qualified investors.

“This asset presented a unique blend of location, recent capital improvements, and tenant stability,” said Jeramy Price at VOLK Company. “The buyer recognized the long-term value of this westside retail corridor and moved decisively to acquire it.”

The property was previously occupied by Famous Sam’s and was purchased by VOLK Company in January 2023 as a value-add opportunity to reposition it for lease-up and resale. That vision was realized through thoughtful renovations and targeted leasing strategies, which brought strong investor interest.

The investor intends to hold the asset as part of its national portfolio of income-producing retail properties.

For more information, contact Jeramy Price at 520.441.4771 or visit www.volkco.com.

Reference: RED Comp #11965.

TUCSON, AZ (May 12, 2025) — Commercial lease activity remained steady across Southern Arizona during the first full week of May, with a mix of new leases and renewals spanning industrial, retail, and office sectors. Notable transactions were recorded in Tucson and Nogales, led by continued demand in the South and East submarkets. The deals highlight ongoing momentum in industrial and flex spaces, restaurant and lounge expansions, and stable office occupancies.

Below is a summary of key lease transactions reported for the week of May 5–9, 2025:

INDUSTRIAL – 3785 E 34^TH ST., TUCSON, 85713 – South Submarket
Number 5 Holdings LLC leased 7,382 square feet of industrial space at 3785 E. 34th St., Suite 101 in Tucson, from E 34th St LLC. Paul Hooker, SIOR, Principal, and Jesse Blum, SIOR, Principal, Industrial Specialists, with Cushman & Wakefield | PICOR, represented the landlord. Jeramy Price with Volk Company, represented the tenant.

RETAIL – 1104 S CRAYCROFT RD., TUCSON, 85711 – East Submarket
Larsen Baker is pleased to announce that D’Lux Lounge, INC., has leased the 6,159 sf at 1104 S. Craycroft, the former Venom Gentlemen’s Cabaret space in Tucson, AZ. Craycroft & 22^nd St Center is located at the NWC of 22^nd and Craycroft. D’Lux Lounge is a luxury lounge for the consumption of beer, wine, and liquor.  Isaac Figueroa, CCIM, SIOR with Larsen Baker represented the Landlord, and Julian Willetts and John Hammer with RE/MAX Excalibur handled this transaction.

INDUSTRIAL – 4700 S PARK AVE, TUCSON, 85714 – South Submarket
Elite Strategy and Installation, LLC leased 5,250 square feet of industrial space at Park Avenue Industrial Center, 4700 S. Park Ave., Suite 6-7 in Tucson, from Ohio Street Building No. 2 Ltd. LLLP. Robert C. Glaser, SIOR, CCIM, Principal, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – 115 N GRAND AVE., NOGALES, 85621 – Santa Cruz County
JEET LLC dba Dunkin Donuts leased 5,178 square feet of retail space at 115 N. Grand Ave., in Nogales from Jada’s Properties, LLC. Rob Tomlinson, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented both parties.

INDUSTRIAL – PALO VERDE BUSINESS CENTER, TUCSON, 85714 – South Submarket
National Seating & Mobility, Inc. leased 4,429 square feet of industrial space at Palo Verde Business Center, 3840 S. Palo Verde Rd., Suite 206-207 in Tucson from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Merrick Wells and John Lydon with Jones Lang LaSalle Americas, Inc., represented the tenant.

INDUSTRIAL – MIDWAY BUSINESS PARK, TUCSON, 85712 – Northeast Submarket
JOEO Enterprises, LLC, dba Kate’s Magik leased 3,176 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 109-110 in Tucson, from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – EASTSIDE RESEARCH COMMERCE CTR., TUCSON, 85710 – East Submarket
Dynamic Manufacturing and Engineering, LLC leased 2,201 square feet of industrial space at Eastside Research Commerce Center, 8075 E. Research Ct., Suite 111 in Tucson, from Research Investors LLC. Andrew Keim, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant. Max Fisher with BRD Realty, LLC, represented the landlord.

RETAIL – BROADWAY CENTER, TUCSON, 85711 – East Submarket
GameStop, Inc. renewed their lease with Broadway Craycroft, LLC for 2,130 square feet of retail space at Broadway Center, 5620 E. Broadway Blvd., Suite 870 in Tucson. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR, represented the landlord.

RETAIL – THE PLAZA AT WILLIAMS CENTRE, TUCSON, 85711 – East Submarket
Larsen Baker is pleased to announce that Kin Dee Thai, LLC dba Tuk Tuk Thai has leased the 1,920 sf restaurant space at The Plaza at Williams Centre. The pad building is located at 5350 E Broadway Blvd., Suite 128, at the SWC of Craycroft and Broadway. Tuk Tuk Thai plans to open a new concept at this location. Isaac Figueroa, CCIM, SIOR, with Larsen Baker, represented the Landlord and Craig Finfrock of Commercial Retail Advisors, LLC represented the Tenant.

RETAIL – 3175 N 1^ST AVE., TUCSON, 85719 – Central Submarket
Cricket Wireless leased 1,428 square foot building at 3175 N. 1st Ave., in Tucson from First Fort Lowell, LLC. Greg Furrier and Natalie Furrier with Cushman & Wakefield | PICOR, represented the landlord. Aaron LaPrise, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.

OFFICE – FORTY NORTH SWAN, TUCSON, 85711 – East Submarket
Larsen Baker is pleased to announce that All Nations Church has leased 1,200 sf at the Forty North Swan office complex located at 40 N Swan, Suite 100. Isaac Figueroa, CCIM, SIOR represented the Landlord and handled the transaction.

RETAIL – CAMPBELL PLAZA, TUCSON, 85719 – Central Submarket
Fade Masters leased 1,177 square feet of retail space at Campbell Plaza, 2950 N. Campbell Ave., in Tucson from DSW IREIF Tucson Retail Owner, LLC. Dave Hammack, Greg Furrier, and Natalie Furrier with Cushman & Wakefield | PICOR, represented the landlord. Christopher Itule with DSW Commercial Real Estate, LLC, represented the tenant.

RETAIL – MARANA MERCADO, MARANA, 85741 – Northwest Submarket
Larsen Baker is pleased to announce that Valle Interiors, LLC has leased the 880 sf retail space, Suite 100, at Marana Mercado, located on the NE corner of Orange Grove Rd. & Thornydale Rd. Isaac Figueroa, CCIM SIOR and Michelle Ward with Larsen Baker represented the Landlord, and handled the transaction.

INDUSTRIAL – 3219 E 45^TH ST., TUCSON, 85713 – South Submarket
Prince Hauling LLC leased 860 square feet of industrial space at 3219 E. 45th St. in Tucson, from Pope Lime Co.  Rob Tomlinson, Principal, Retail Specialist and Andrew Keim, Industrial Specialist, with Cushman & Wakefield | PICOR, represented the tenant. Nick Travassos with Chapman Management Group, represented the landlord.

OFFICE – 5549 E GRANT RD., TUCSON, 85712 – Northeast Submarket
Kevin A Dale State Farm Insurance leased 778 square feet of office space at 5549 E. Grant Rd., in Tucson from LLJ Holdings, LLLP. Molly Mary Gilbert, CCIM and Ryan McGregor, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – SOUTH DODGE BUSINESS CENTER, TUCSON, 85713 – South Submarket
Wildcat Lock and Security LLC leased 665 square feet of industrial space at South Dodge Business Center, 3643 E. 44th St., in Tucson from Pegasus Tucson Owner LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

RENEWAL

OFFICE – NORTH TUCSON BUSINESS CENTER, TUCSON, 85705 – Central Submarket

CPE Consultants, LLC renewed their lease with Pegasus Tucson Owner LLC for 2,932 square feet of office space at North Tucson Business Center, 3895 N. Business Center Dr., Suite 115 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – SOUTH DODGE BUSINESS CENTER, TUCSON, 85713 – South Submarket
Bobby Dunlap, dba Bobby Dunlap Custom Cabinets & Restoration 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, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

OFFICE – 5151 E BROADWAY BLVD, TUCSON, 85711 – East Submarket
Accentcare at Home, Inc. renewed their lease with KCI Broadway, LLC, Scott Seldin-Broadway, LLC, Belmont Broadway, LLC, Tucson 5151 Investments, LLC for 1,775 square feet of office space at 5151 E. Broadway, Suite 1510 in Tucson. Mark Isenberger with Cushman & Wakefield | PICOR, represented the landlord. Ryan McGregor, Office Specialist with Cushman & Wakefield | PICOR, and Shyla Gorham with Cushman & Wakefield, Washington, DC, represented the tenant.

INDUSTRIAL – MIDWAY BUSINESS PARK, TUCSON, 85712 – Northeast Submarket
Hyperion Elite Systems Inc. renewed their lease with Pegasus Tucson Owner, LLC for 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 25 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

INDUSTRIAL – RUTHRAUFF COMMERCE CENTER, TUCSON, 85705 – Central Submarket
Jeremy Richard Algier renewed their lease with Pegasus Tucson Owner LLC for 680 square feet of industrial space at Ruthrauff Commerce Center, 2430 W. Ruthrauff Rd., Suite 112 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord.

Submit sales and leases to [email protected].

TUCSON, ARIZONA (May 6, 2025) – Coral Sea, LLC, a Tucson-based investment entity, has acquired a three-parcel commercial property located at 3101, 3125, and 3141 E Ajo Way in Tucson for $1,050,000. The transaction closed on April 28, 2025, with the seller listed as Paul D. Colucci et al, based in Carlsbad, California.

At the time of sale, the site was occupied by Affordable Autos of Tucson, a well-known used vehicle dealership serving the Tucson community, which is vacating it.

Located just east of the Kino Parkway and close to major arterial routes, the property spans multiple contiguous parcels and is zoned for commercial use, making it well-suited for automotive, retail, or redevelopment opportunities.

Paul Hooker, SIOR, of Cushman & Wakefield | PICOR represented the buyer, and Jeramy Price of VOLK Company represented the seller in the transaction. For more information, Hooker can be reached at (520) 546-2744 and Price is at (520) 326-3200.

The acquisition by Coral Sea, LLC reflects continued investor interest in Tucson’s centrally located commercial corridors with long-term occupancy and expansion potential.

Reference: RED Comp #11884.

Sonoran Sip Site, 3955 E Broadway Blvd, Tucson

TUCSON, ARIZONA (May 1, 2025) – Two new, fast-growing food and beverage brands are staking claims on Tucson’s bustling Broadway corridor with exciting new locations.

Sonoran Sip, a locally rooted coffee and smoothie brand, has acquired its third Tucson site at 3955 E Broadway Blvd., at the northwest corner of Broadway and Longfellow, just one block east of Alvernon. This new location joins two additional build-to-suit restaurants currently under development at Speedway and Main, and at Lambert and La Cañada in Oro Valley. All three locations are expected to open by late 2025, marking a major expansion for the brand.

Jeramy Price of VOLK Company represented Key Coffee dba Sonoran Sip in the $690,000 acquisition of an 11,040-square-foot vacant lot. In the Broadway transaction, Kevin Volk of VOLK Company represented the seller, Poets Hard Corner LLC. Price also represented Sonoran Sip in its other two build-to-suits.

Sonoran Sip is known for its fresh, energizing experience—offering high-quality coffee, real fruit smoothies, and intentional service. Built on more than 15 years of industry experience, the brand prioritizes simple ingredients, great energy, and real consistency over gimmicks.

Meanwhile, Angie’s Prime Grill recently opened its newest location in a newly constructed 800-square-foot  double-drive-thru building at Broadway and Camino del Norte, just one block west of Alvernon. The concept is focused on delivering affordable luxury, offering USDA prime steak, organic grilled chicken, and fresh-cut salads served in bowls, burritos, or wraps—all grilled to order.

This is the third Tucson location for the Angie’s brand, which also includes Angie’s Lobster at Broadway and Wilmot, and another Angie’s Prime Grill on Campbell Avenue. The landlord, Volk Vista LLC and Verde Fast Food LLC, was represented by VOLK Company. Dave Hammack of PICOR represented the tenant.

As these two dynamic brands continue to grow, the Broadway corridor is fast becoming a hotspot for innovative, fast-casual concepts designed to meet the needs of modern diners seeking quality and convenience.

Reference: RED Comp #11864

1570 E Tucson Marketplace Boulevard, Tucson, AZ

TUCSON, ARIZONA (April 23, 2025) – Tempe-based, R&P Properties, LLC has completed the sale of a fully leased, multi-tenant retail center located at 1570 E Tucson Marketplace Boulevard for $4,228,817.80 ($461. PSF). The 9,175-square-foot strip center sits on a 64,076-square-foot parcel (1.47 acres) with five tenants. The property is part of the Bridges Master Plan, one of Tucson’s premier mixed-use developments.

Tenants include: NextCare Urgent Care: A walk-in medical clinic providing injury treatment, physicals, pediatrics, X-rays, lab services, STD testing, immunizations, and occupational health services. ​AT&T Authorized Retailer: A store offering wireless plans, the latest smartphones, accessories, and other telecommunications services; and Kahu Hawaiian BBQ: A restaurant bringing Hawaiian BBQ cuisine from Phoenix to Tucson, marking their second location. ​

The buyers, Conteslin LLC and Shops H LLC of Bellingham, WA, acquired the asset in a strategic investment move that positions them to benefit from ongoing growth in the area — including the highly anticipated 100,000-square-foot Bass Pro Shops Mega Store, currently under construction across the property.

The transaction was brokered by Jeramy Price, Joey Castillo, and Andreas Castillo of VOLK Company, who represented the seller. Joey Castillo also represented R&P in its 2021 property acquisition and has been its leasing agent since then. His team will continue leasing efforts under the new ownership.

The property was 100% leased at the time of sale, offering the buyers immediate, stabilized cash flow and long-term upside potential. Its high-traffic location near Costco, Walmart, Planet Fitness, and the University of Arizona Tech Park enhances its desirability for retailers and investors.

This sale underscores ongoing investor interest in quality retail assets within well-located, growth-oriented Tucson submarkets.

For more information, Price can be reached at 520.441.4721, Joey Castillo at 520.495.2234, and Andreas Castillo at 520.495.3220.

To learn more, subscribers should refer to RED Comp #11840.