Southern Arizona CRE Lease Activity | May 5–9, 2025

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 REDailyNews@outlook.com.