The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from September 6 thru 9, 2016.

OFFICE – 8950 N. ORACLE RD., TUCSON
Samtec, Inc. renewed their 8,925-square-foot lease at 8950 N. Oracle Road. Bob Davis with Tango Commercial Real Estate represented the Tenant. Buzz Isaacson with CBRE represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $18.00 SF/YR NNN[/mepr-show]

OFFICE – 2015 W. RIVER RD., TUCSON
Curriculum Associates leased 7,228-square-feet at 2015 W. River Road. The landlord, Sundt Companies, Inc., was represented by Rob Gillette with Gillette Commercial. Jeff Casper with Tucson’s CBRE office represented the tenant.

INDUSTRIAL – 1951 W. GRANT RD., TUCSON
Ironwood Gastroenterology, PLLC and Rehan Iftikhar, PLLC leased 6,734-square-feet at 1951 W. Grant Rd., Suites 150 and 160 in Tucson, from Wright and Case Holdings, LLC.  Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord and Esther Empens with Tierra Antigua Realty, LLC, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.77 – $0.80 SF/MO NNN; Tenant Phone: 520.624.4342[/mepr-show]

INDUSTRIAL – 3745 N. I-10 EASTBOUND FRONTAGE RD., TUCSON
Lumber Liquidators, Inc. renewed their lease for 6,242-square-feet at 3745 N. I-10 Eastbound Frontage Road, Suite 151 in Tucson, from Peacock Investment Builders Tucson II, LLC.  Rob Glaser, SIOR, CCIM, Russell W. Hall, SIOR, GSCS, and Stephen D. Cohen, Industrial Specialists with Cushman & Wakefield |PICOR, represented the landlord in this transaction.

OFFICE – 2301 N. FORBES BLVD., TUCSON
US Healthworks of AZ leased 5,449-square-feet of space at 2301 N. Forbes Blvd. The landlord was represented by Dave Gallagher with Tucson Industrial Realty. The tenant was represented by David Montijo and Damian Wilkinson with Tucson’s CBRE office. [mepr-show rules=”58038″]Asking lease rate $0.65 SF/MO NNN[/mepr-show]

OFFICE – 4600 S. PARK AVE., TUCSON
Southern Arizona AIDS Foundation leased 3,935-square-feet at 4600 S. Park Ave., Suite 8 in Tucson, from Ohio Street Building No. 2, Ltd., LLLP.  Rob Glaser, SIOR CCIM, and Isaac Figueroa, with Cushman & Wakefield |PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $14.25 SF/YR Full Service; Tenant Phone: 520.628.7223[/mepr-show]

OFFICE – 6601 E. GRANT RD., TUCSON
Bestcomm Networks leased 3,856-square-feet of space at 6601 E. Grant Road. David Montijo and Damian Wilkinson with Tucson’s CBRE office represented the landlord.  Joe Nehls with Nehls Real Estate represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $16.00 SF/YR Full Service; Tenant Phone: 520.326.8411[/mepr-show]

OFFICE – 1605-1611 N. WILMOT RD., TUCSON
1701, LLC has extended their lease of 3,357-square-feet at Dorado Park Office Plaza, 1605-1611 N. Wilmot Road, from Deebco Properties.  Andrew Sternberg of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.288.4711[/mepr-show]

OFFICE – 6303 E. TAQNQUE VERDE RD., TUCSON
Global Equity Finance, Inc., leased approximately 3,115-square-feet of office space located at 6303 E. Tanque Verde Road, Suite 315, Tucson, Arizona, from 6303 Tanque Verde, LLC.  Michael Gross of Tucson Realty & Trust Co. represented the Landlord and John Sheehan of Site Selection Group, LLC, Dallas Texas, represented the Tenant in the transaction. [mepr-show rules=”58038″]Tenant Phone: 800.245.3279 (San Diego – Corporate)[/mepr-show]

OFFICE – 4732 N. ORACLE RD., TUCSON
Farm Bureau Property & Casualty Insurance Company leased 3,047-square-feet at 4732 N. Oracle Road. The tenant was represented by Trevor Pratt with Jones Lang LaSalle. The landlord was represented by Jeff Casper with Tucson’s CBRE office.

2856 N. BEVERLY AVE., TUCSON
Trinity Books, Bible & Music leased 2,941-square-feet of retail space at San Francisco Square. Nancy McClure with Tucson’s CBRE office represented the Landlord. Alain Hartmann, broker with Hartmann Realty and Howard Druch, represented the tenant who will be relocating from Ft. Lowell & Alvernon where its center is being demolished to make way for a QuikTrip re-development. [mepr-show rules=”58038″]Tenant Phone: 520.326.8997[/mepr-show]

OFFICE – 201 N. BONITA AVE., TUCSON
Markham Construction leased 1,889-square-feet at 201 N. Bonita Avenue. The transaction was handled by David Montijo and Damian Wilkinson with Tucson’s CBRE office. [mepr-show rules=”58038″]Asking lease rate: $25.00 SF/YR Full Service; Tenant Phone: 520.207.7117[/mepr-show]

INDUSTRIAL – 3455 S. PALO VERDE RD., TUCSON
Copper Mine Brewing Company leased 1,815-square-feet of space at 3455 S. Palo Verde Road. The Tenant was represented by Tucson’s CBRE Dave Blanchette, CCIM. Tim Healy and Bob DeLaney, also with the CBRE, office represented the Landlord. [mepr-show rules=”58038″]Asking lease rate: $0.68 – $0.70 SF/MO Modified Gross[/mepr-show]

RETAIL – 3025 N. CAMPBELL RD., TUCSON
Achieve is More leased 1,779-square-feet of space at 3025 N. Campbell Avenue. The landlord was represented by Pete Villaescusa, Jesse Peron, and Michael Laatsch with Tucson’s CBRE office. The tenant was represented by Bill DiVito and Jesse Blum with Tucson’s CBRE office. [mepr-show rules=”58038″]Asking lease rate: $14.00 – $18/00 SF/YR NNN; Tenant Phone: 520.579.8824[/mepr-show]

RETAIL – 8553 N. SILVERBELL RD., MARANA
Arch Minerals, LLC renewed their lease for 1,630-square-feet of retail/office space at 8553 N. Silverbell Rd., Suite104 in Marana, from Aljaar Investment Corporation.  Rob Tomlinson, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.389.8805[/mepr-show]

INDUSTRIAL – 6890 N. CAMINO MARTIN, TUCSON
Living Word Ministries International leased 1,500-square-feet in the Old West Business Park, 6890 N. Camino Martin, Suite 120 in Tucson, from Camino Martin Partners II, LLC.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the landlord and Mark Klase with Keller Williams Southern Arizona, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.70 SF/MO Modified Gross; Tenant Phone: 520.297.2235[/mepr-show]

OFFICE – 3131 N. COUNTRY CLUB RD., TUCSON
Sol Center, LLC leased 1,400-square-feet of office space at 3131 N. Country Club Rd., Suite 112 in Tucson, from TDD Properties, Inc.  Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $13.00 SF/YR Modified Gross; Tenant Phone: 520.477.7651[/mepr-show]

10515 N. ORACLE RD., TUCSON
Lipsey Communications, LLC leased 1,400-square-feet for a Sprint Store at 10515 N. Oracle Road. Michael Laatsch with Tucson’s CBRE office represented the tenant.

OFFICE – 3573 E. SUNRISE DR., TUCSON
Sage Financial Services leased 1,295-square-feet of office space at La Paloma Corporate Center. The tenant was represented by David Houge with Realty Executives Tucson Elite. The landlord was represented by David Montijo, Jeff Casper and Damian Wilkinson with Tucson’s CBRE office. [mepr-show rules=”58038″]Tenant Phone: 520.393.8990[/mepr-show]

RETAIL – 18 S. EASTBOURNE AVE., TUCSON
Barrio Bread, LLC, leased approximately 1,051-square-feet at 18 South Eastbourne Avenue. The space is located within Broadway Village Shopping Center, which is anchored by Natural Grocers. Barrio Bread is a craft bakery specializing in breads that are prepared using the ancient sourdough methods of slow fermentation, hearth baking, and local grains, to create a truly inspired loaf. This will be their first retail location in Tucson. The Landlord, CRI Broadway Village Partners, LLC, was represented by Craig Finfrock of Commercial Retail Advisors. Debbie Heslop, CCIM, of Volk Company represented Barrio Bread. [mepr-show rules=”58038″]Tenant Phone: 520.275.1194[/mepr-show]

RETAIL – 1355 W. DUVAL MINE RD., SAHUARITA
Home Care Assistance has signed a lease for 900-square-feet located at 1355 W. Duval Mine Rd. Suite #119, Sahuarita, AZ. Sahuarita Palms Plaza is anchored by Safeway Stores and is located at the southeast corner of La Canada Drive and Duval Mine Road.  Home Care Assistance is planning on opening its doors to its second Tucson location in November 2016. Home Care Assistance is the nation’s largest in-home care provider with over 120 locations in the U.S. and Canada. Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, PWP La Canada Duval, LLC, and the Tenant, KWD Enterprise, Inc., represented itself in this lease transaction. Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona. [mepr-show rules=”58038″]Asking lease rate: $22.00 SF/YR Full Service; Tenant Phone: 520.276.6555[/mepr-show]

OFFICE – 1637 E. PRINCE RD., TUCSON
Ryberson Consulting, PLLC has extended their lease of 745-square-feet at 1637 E. Prince Road, from Campbell & Prince Property, LLC.  Andrew Sternberg of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.888.1968[/mepr-show]

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The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from May 9 thru 13, 2016.

RETAIL – 8351 E. BROADWAY BLVD., TUCSON
JKay, LLC (DBA Crossfit Factorum) leased 4,000-square-feet at 8351 E. Broadway Suite 111. The tenant was represented by Michael Laatsch with CBRE’s Tucson Office. The landlord was represented by Rob Tomlinson and Stephen Cohen with Cushman & Wakefield | PICOR. [mepr-show rules=”58038″]Tenant Phone: 520.270.0945[/mepr-show]

OFFICE – 5055 E. BROADWAY BLVD., TUCSON
ICropTrak subleased 3,004-square-feet of office space at 5055 E. Broadway Boulevard, Suite C-207, located within New World Plaza. The tenant was represented by Bruce Suppes and David Volk with CBRE’s Tucson Office, and the sub-tenant was represented by Bob Davis with Tango Commercial. [mepr-show rules=”58038″]Tenant Phone: 520.445.8022[/mepr-show]

OFFICE – 3567 E. SUNRISE DR., TUCSON
Viner Finance, Inc. (DBA Oppenheimer & Co., Inc.) leased 2,984-square-feet of office space at 3567 E. Sunrise Drive located within La Paloma Corporate Center. The tenant was represented by Tom Nieman with Cushman & Wakefield | PICOR. The landlord was represented by Jeff Casper and David Montijo, with CBRE’s Tucson Office.

RETAIL – 7475 E. 22^nd STREET, TUCSON
Truly Nolen of America leased 2,680-square-feet of space at 7475 E. 22nd Street located within Plaza 22. The transaction was completed by Michael Laatsch with CBRE’s Tucson Office. [mepr-show rules=”58038″]Tenant Phone: 520.326.4201[/mepr-show]

OFFICE – 6270 E. GRANT RD., TUCSON
Coronado Internal Medicine, PC has leased 2,400-square-feet at 6270 E. Grant Road, from Grant Wilmot Associates, LLC.  Andrew Sternberg of Oxford Realty Advisors represented the Tenant and Melissa Lal of Larsen Baker represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.885.2072[/mepr-show]

INDUSTRIAL – 3150 N. FREEWAY INDUSTRIAL LOOP, TUCSON
General Parts leased 2,400-square-feet of industrial space at 3150 N. Freeway Industrial Loop, Suite 100. The tenant was represented by Bill Di Vito and Jesse Blum with CBRE’s Tucson Office. The landlord was represented by Ron Zimmerman with Cushman & Wakefield | PICOR. [mepr-show rules=”58038″]Tenant Phone: 520.622.4560[/mepr-show]

OFFICE – 310 S. WILLIAMS BLVD., TUCSON
IMTS Group leased 1,166-square-feet of office space at 310 S. Williams Suite 265 located within Williams Center. David Montijo and Damian Wilkinson with CBRE’s Tucson Office represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.297.5794[/mepr-show]

OFFICE – 310 S. WILLIAMS BLVD., TUCSON
WiFive LLC leased 484-square-feet of office space at 310 S. Williams Suite 176 located within Williams Center. David Montijo and Damian Wilkinson with CBRE’s Tucson Office handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 855.600.9434[/mepr-show]

Oregon-based, Harsh Investment Property  (Jordan Schnitzer, president) purchased two multi-tenant industrial assets in Tucson recently. The Airport Center at 2801-2949 E Elvira Road, Butterfield Corporate Plaza at 3700-3716 E Columbia sold for an aggregate total of $16.4 million for the 187,000-square-foot portfolio sold by Holualoa Companies of Tucson.

The 130,000-square-feet at Tucson Airport Center sold for $9.925 million ($76 PSF). The research and industrial park is located one-half mile from Tucson International Airport.

The property in Butterfield Business Plaza at 3700-3716 E Columbia is 57,263-square-feet was 100% occupied and sold for $6.475 million ($113 PSF) in this bulk sale.

Both flex industrial parks are incubator spaces for research & development / office parks near Tucson International Airport offering convenient freeway access and nearby amenities such as hotels, dining and banking.

Bill Rodewald, Harsch Investment Properties southwest regional manager said, “The demographics are impressive not only from the standpoint of population growth but because the median age is so young and dynamic. The University of Arizona is a very big factor in this trend since more highly skilled graduates are now tending to stay in Tucson and create new companies. These trends should bode very well for the surrounding industrial markets that serve the Tucson and Southern Arizona markets.”

Harsh’s flex-industrial portfolio has grown by almost 2 million-square-feet in the past 12 months, and now exceeds 18-million-square-feet.

Bill Divito and Jesse Blum with CBRE in Tucson represented the seller in these transactions. “There are more industrial investors attracted to Tucson than we have properties for right now, with higher cap rates than found in other areas,” Jesse Blum said. “Cap rates have compressed in other areas while ramaining high in Tucson.”

The buyer represented itself in the transactions.

Divito and Blum will be handling leasing of the properties for the new owner. To learn more Divito should be reached at 520.321.3339 and Blume can be contacted at 520.321.3335.

For additional information see also RED Comp # 3336 and #3337.