New Dove Mountain Senior Living Facility Site Sells for $1.7 Million
MARANA, ARIZONA – Rita Land Corporation, a subsidiary of Cottonwood Properties (Bill Hallinan, vice-president) sold 5.9 acres for construction of an assisted living facility at 5250 W Dove Centre Road in Marana, at the Dove Mountain Centre II, located northeast of Tangerine and Dove Mountain Blvd, for $1.683 million ($6.57 PSF).
AZ Land Holdings LLC, a subsidiary of CR Builders, of Billings, MT (Marsha Urmanski, manager) was the buyer. The operator of the new facility has yet to be determined and will most likely be an independent operator we were told. The plan is to build 57,655-square-feet in three buildings with a total of 142-units, including 44 independent living units, 75 assisted living units and 23 memory care units, according to plans submitted pre-approval to Marana Development Services.
Jerry Robinson with JWRA Architects of Salt Lake City, Utah is handling the project.
There are more than 4,000 homes in Dove Mountain today, and the capacity and planning for thousands more. Cottonwood has set aside several parcels within Dove Mountain for commercial and mixed-use development. In 2008 Cottonwood built Dove Mountain Centre at the entrance to the community on the Northeast corner of Dove Mountain Boulevard and Tangerine Road. Several parcels surrounding the Dove Mountain Centre are available for purchase or build to suit.
“A Senior Living Facility will be a welcomed addition at the Dove Mountain Centre to join the successful Marana Health Center, Veterinary Clinic and retail shops,” said Bill Hallinan, vice-president of Cottonwood Properties.
Aaron LaPrise with Cushman & Wakefield | Picor is marketing the remaining lots at Dove Mountain Center for Cottonwood Properties.
For more information LaPrise should be reached at 520.546.2770.
The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 16-20, 2018.
INDUSTRIAL – 3850 E. 44th ST., TUCSON Aguirre Enterprises, Inc. renewed their lease for 20,364-square-feet at 3850 E. 44th St. in Tucson from CJ Southwest Property Partners, LLC. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Principals and Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.
OFFICE – 5210 E. WILLIAMS CIRCLE, TUCSON HBM Prenscia, Inc. leased 13,405-square-feet at 5210 E. Williams Circle, Suite 240 in Tucson, from WC Partners. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $23.50 SF/YR Full Service Gross; Tenant Phone: 520.886.0410[/mepr-show]
INDUSTRIAL – 3600 S. PALO VERDE RD., TUCSON Single Source, Inc. leased 5,520-square-feet in Palo Verde Business Park located at 3600 S. Palo Verde Rd., Suites 108-109 in Tucson, from Block One Property, LLC. Rob Glaser, SIOR CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Tim Healy with CBRE, represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $8.16 SF/YR Modified Gross[/mepr-show]
INDUSTRIAL – 1635 S. RESEARCH LOOP, TUCSON Arizona Powder Supply, Inc. leased 5,242-square-feet in Eastside Research Commerce Center located at 1635 S. Research Loop, Suites 309-311 in Tucson, from Presson PV, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.16 – $8.40 SF/YR Modified Gross; Tenant Phone: 520.749.5463[/mepr-show]
RETAIL – 2500 N. SILVERBELL RD., TUCSON AF Tucson Metro, LLC leased 4,444-square-feet in Silverbell Plaza at 2500 N. Silverbell Rd., Suite 100 in Tucson, from Massapequa Associates, LLC. Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Becky Schultz with Franchise Real Estate, represented the tenant.
RETAIL – 10615 N. ORACLE RD., TUCSON Starbucks Corporation leased 3,798-square-feet at 10615 N. Oracle Rd. in Tucson, from Scaletta Properties. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Paul Schloss and David Dutson with NAI Horizon represented the landlord.
RETAIL – 93 W. 5th ST., DOUGLAS Russell Verizon Cellular, Inc. leased 3,010-square-feet in the former Radio Shack building located at 93 W. 5th St. in Douglas, AZ, from George Deukmejian. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.
INDUSTRIAL – 3961 E. SPEEDWAY BLVD., TUCSON Elontec, LLC leased 2,315-square-feet in Central Point Business Plaza, 3961 E. Speedway Blvd., Suites 414-415 in Tucson, from Central Point Tucson, LLC. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $6.50 SF/YR NNN[/mepr-show]
OFFICE – 3100 N. CAMPBELL AVE., TUCSON DPR Construction leased 2,212-square-feet of office space at 3100 N. Campbell Ave., Suite 102 in Tucson, from Siempre Juntos, LLC. Rick Kleiner, MBA, and Tom Nieman, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord; Isaac Figueroa, CCIM, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.300.4734[/mepr-show]
INDUSTRIAL – 1660 S. RESEARCH LOOP, TUCSON Derek and Milissa Jordan leased 2,180-square-feet in Clairemont Plaza at 1660 S. Research Loop, Suite 110 in Tucson, from Clairemont Partners, LLC. Rob Glaser, SIOR, CCIM, and Max Fisher, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.
RETAIL – 2932 E. BROADWAY BLVD., TUCSON Yong Sheng Herbs leased 2,000-square-feet at 2932 E. Broadway Blvd. in Tucson, from LMG Investments, LP. Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $10.50 SF/YR NNN; Tenant Phone: 520.325.6829[/mepr-show]
RETAIL – NE CORNER of HARRISON RD and BROADWAY BLVD, TUCSON S & C Sushi Nara, Inc. leased 1,950-square-feet in the Broadway Albertsons Shopping Center, located at the northeast corner of Harrison Rd. and Broadway Blvd., from JDJK Investments, LLP. Greg Furrier and Rob Tomlinson, with Cushman & Wakefield | PICOR, represented the landlord; Ron Zimmerman, with Cushman & Wakefield | PICOR, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.296.3333[/mepr-show]
RETAIL – 7972 N. ORACLE RD., TUCSON JKL Pilates, LLC leased 1,750-square-feet at 7972 N. Oracle Rd., in the Trader Joe’s Shopping Center located at Oracle and Magee Rds., from HJ Tucson, LLC. Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant. Jesse Peron and Peter Villaescusa with CBRE, represented the landlord.
INDUSTRIAL – 6107 N. TRAVEL CENTER DR., TUCSON Cummings Plumbing, Inc. leased a 1,680-square-foot industrial building situated on 1.53 acres at 6107 N. Travel Center Dr. in Tucson, from Frost Holding Company, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the tenant; Jeramy Price with Volk Company, represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.293.6900[/mepr-show]
RETAIL – COLOSSAL CAVE RD. & MARY ANN CLEVELAND WAY, VAIL B & Q Nails leased 1,500-square-feet in the new Vail Safeway Shopping Center, located at Colossal Cave Rd. and Mary Ann Cleveland Way, from Vail-SSC, LLC. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord; Juan Teran with Realty Executives Tucson Elite, represented the tenant.
INDUSTRIAL – 850 E. OHIO ST., TUCSON H & H Electrical leased 1,390-square-feet at 850 E. Ohio St., Suite 2 in Tucson, from RRL, Inc. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.298.3189[/mepr-show]
INDUSTRIAL – 850 E. OHIO ST., TUCSON Lavish Metal Works, LLC leased 1,390-square-feet at 850 E. Ohio St., Suite 18 in Tucson, from RRL, Inc. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.
INDUSTRIAL – 3710 S. PARK AVE., TUCSON Pammy D, LLC, dba Valladolid Agency, a Farmers Insurance Agent, leased 1,200-square-feet at 3710 S. Park Ave., Suite 704 in Tucson, from William Lee, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.622.7619[/mepr-show]
INDUSTRIAL – 3820 E. 44th ST., TUCSON Tucson CFS, LLC leased 1,100-square-feet at 3820 E. 44th St., Suite 410 in Tucson, from RR44, Inc. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.
OFFICE – 2262 W. MAGEE RD., TUCSON Burrell College of Osteopathic Medicine, LLC leased 770-square-feet of medical office space in Magee Center, located at 2262 W. Magee Rd., Suite 201 in Tucson, from MJ 96, LLC. Isaac Figueroa, CCIM, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.
OFFICE – 180 W. MAGEE RD., TUCSON Catalina Transportation Services, Inc., leased approximately 675-square-feet of office space located at 180 W. Magee Road, Suite 116, Tucson, Arizona, from WVLC, LLC. Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18.50 SF/YR Modified Gross; Tenant Phone: 520.624.5466[/mepr-show]
OFFICE – 6303 E. TANQUE VERDE, TUCSON Up Top Apps, LLC, leased approximately 674-square-feet of office space located at 6303 E. Tanque Verde, Suite 360, Tucson, Arizona, from 6303 Tanque Verde, LLC. Michael Gross of Tucson Realty & Trust Co. represented the Landlord and Mark Biery of Berkshire Hathaway represented the Tenant in the transaction. [mepr-show rules=”58038″]Asking lease rate: $16.00 – $16.75 SF/YR Full Service Gross[/mepr-show]
OFFICE – 200 W. MAGEE RD., TUCSON Suncrest Wealth Management, LLP, leased approximately 527-square-feet of office space located at 200 W. Magee Road, Suite 120, Tucson Arizona, from WVLC, LLC. Michael Gross and Doug Richardson of Tucson Realty & Trust Co. represented the Landlord in the transaction.[mepr-show rules=”58038″] Tenant Phone: 520.989.9798[/mepr-show]
The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 9-13, 2018.
INDUSTRIAL – 230 E. 27th ST., TUCSON Rosemont Copper Company leased 5,376-square-feet at 230 E. 27th St., Suite 101 in Tucson, from Tin Cup Properties, LLC. Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord; Tim Healy with CBRE, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520- 343-1730[/mepr-show]
INDUSTRIAL – 14075 NW GRAND AVE., SURPRISE VFLEA, LLC leased 3,250-square-feet at 14075 NW Grand Ave. in Surprise, AZ., from Janice L. Eckenrode Family Trust and Jeri A. Wam Family Trust. Ron Zimmerman, Industrial Specialist with Cushman & Wakefield | PICOR represented the landlord in this transaction.
INDUSTRIAL – 1101 W. GRANT RD., TUCSON Miner Southwest, LLC renewed their lease for 1,500-square-feet in Grant Interstate Commons, 1101 W. Grant Rd., Suite 201 in Tucson, from the Sloat Family Partnership, LLLP. Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction.
RETAIL – COLOSSAL CAVE RD. & MARY ANN CLEVELAND WAY, VAIL Vail Physical Therapy leased 1,500-square-feet in the new Vail Safeway Shopping Center, located at Colossal Cave Rd. and Mary Ann Cleveland Way, from Vail-SSC, LLC. Aaron LaPrise, Retail Specialist with Cushman & Wakefield | PICOR, handled the transaction.
RETAIL – 6516 E. 22nd ST., TUCSON Hector Lopez and Joshua Teran leased 1,507-square-feet at 6516 East 22nd Street for a tattoo shop. The space is located within a retail center known as Tierra Del Sol. Jeramy Price and Kevin Volk of Volk Company represented the landlord,Tierra Del Sol Commercial Center LLC.
RETAIL – SW CORNER of BROADWAY BLVD and CRAYCROFT, TUCSON Smoothies & Yogurt has leased a 1,253-square-feet of space at The Plaza at Williams Centre, located at the SW corner of Broadway Blvd & Craycroft Rd. The Premises will be used as retail shop selling smoothies, frozen yogurt and related products. They are scheduled to open for business May 2018. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Jeremy Price, of Volk Company, represented the Tenant.
INDUSTRIAL – 3925 E. 29th ST., TUCSON Action Yard and Tree, LLC leased 815-square-feet in Midpoint Business Plaza, located at 3925 E. 29th St., Suite 403 in Tucson, from Presson Midpoint, LLC. Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520- 829-4791[/mepr-show]
INDUSTRIAL – 4595 S. PALO VERDE RD., TUCSON Healthlinx, Inc. leased 720-square-feet in Butterfield Business Center, located at 4595 S. Palo Verde Rd., Suite 533 in Tucson, from Presson Equity Partners LLP. Rob Glaser, SIOR CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.
RETAIL – SW CORNER of BROADWAY BLVD and CRAYCROFT, TUCSON Relax The Back has renewed their lease at The Plaza at Williams Centre, located at the SW corner of Broadway Blvd & Craycroft Rd. Andy Seleznov and Melissa Lal, Larsen Baker, represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 520- 747-2727[/mepr-show]
RETAIL – SW CORNER of BROADWAY BLVD and CRAYCROFT, TUCSON Southern AZ Watercolor Guild has renewed their lease at The Plaza at Williams Centre, located at the SW corner of Broadway Blvd & Craycroft Rd. Andy Seleznov and Melissa Lal, Larsen Baker, represented the Landlord.[mepr-show rules=”58038″] Tenant Phone: 520- 299-7294[/mepr-show]
RETAIL – SE CORNER of BROADWAY BLVD and KOLB RD., TUCSON Lane Bryant has renewed their lease at Circle Plaza Shopping Center, located on the SE corner of Broadway Blvd. & Kolb Rd. Andy Seleznov and Melissa Lal Larsen Baker, represented the Landlord.
RETAIL – SW CORNER of BROADWAY BLVD and CRAYCROFT, TUCSON Jones Photo has renewed their lease at The Plaza at Williams Centre, located at the SW corner of Broadway Blvd & Craycroft Rd. Andy Seleznov and Melissa Lal, Larsen Baker, represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 520- 327-9521[/mepr-show]
MARANA, ARIZONA – Rita Land Corporation, a subsidiary of Cottonwood Properties (Bill Hallinan, vice-president) sold 5.9 acres for construction of an assisted living facility at 5250 W Dove Centre Road in Marana, at the Dove Mountain Centre II, located northeast of Tangerine and Dove Mountain Blvd, for $1.683 million ($6.57 PSF).
