TUCSON, AZ – The former NIMBUS Brewery and Restaurant building was sold for $1.415 million ($168 PSF) for the vacant 8,439-square-foot restaurant located at 6464 E Tanque Verde Road in the heart of the restaurant district.

NIMBUS Brewery & Restaurant was a tenant and closed in 2013 after the brewery filed for Chapter 11. The landlord and seller was McMahon Properties, LLC of Tucson, owned by restauranteur, Bob McMahon, who in early 2014 also filed for Chapter 11 before the court converted it to Chapter 7 and ordered the liquidation of assets in May 2015.

This transaction was part of that bankruptcy sale and included restaurant equipment left in the building. The property is 2.19 acres of land zoned C-2 which allows for a restaurant or bar operation. It has approximately 154 parking spaces, almost double the code requirements for a restaurant.

The buyer is All Real Property, Inc. of Camp Verde, AZ (Shalom Laytin, CEO) that purchased property for investment. Jim and Ryan Egan of Prime Commercial Real Estate handled the transaction for the buyer.

Pete Villaescusa and Jesse Peron with CBRE in Tucson represented the seller.

To learn more Villaescusa can be reached at 520.323.5112 and Peron is at 520.323.5130. Jim Egan and Ryan Egan should be contacted at 520.512.1000.

For additional information login and see RED Comp #3125.

[mepr-show rules=”58038″]Sale date: 4/16/2015. Sale price: $1,415,000 with $1,379,646.50. Price included $300,000 in personal property in restaurant equipment. This was a reverse exchange for buyer.[/mepr-show]

Restaurant group expects to launch new concept later in fall

Oro Valley, AZ — In a fitting tribute to the generations of the brave men and women who have served in the armed forces, Metropolitan Grill has announced that its final day of operation will be Memorial Day, May 26, rounding out an 18-year run of service to Northwest Tucson and Southern Arizona.

“The decision to close a restaurant is never an easy one,” said Bob McMahon, president of Metro Restaurants, which owns and operates Metropolitan Grill. “But the impact that our ever-changing food and beverage marketplace had on the Metropolitan Grill presented some challenges that we simply were not able to overcome,” he continued.

For years dubbed “America’s kitchen” by staff and patrons alike, the Oro Valley eatery stood as a patriotic symbol of Americana, with its red, white and blue color scheme and a framed American flag constructed exclusively from shards of dinner plates.

“We dedicated this concept to all of those who fought for the freedoms we enjoy today, which is why we decided to finish the story with a final tribute on the very day set aside for reflection, and to salute all of our guests who have stood beside us for so long,” McMahon said.

While preparing for the restaurant’s last day of service, McMahon reports that the closure will not have an impact on the company’s two other concepts, McMahon’s Prime Steakhouse and Old Pueblo Grille. In fact, he shared that plans are now in process to launch a new restaurant concept later in the year, a concept that McMahon says his business partner, Dan Multhup – who he calls his “exit strategy” – is excited to launch.

“Business continues to thrive at McMahon’s and OPG,” McMahon said, “which reaffirms our motto that it’s our guests themselves who give us the opportunity to enjoy a great business. That, coupled with an exciting new concept that my business partner hopes to announce shortly, underscores our encouragement that the future is bright.”

Metropolitan Grill staff members will be given every effort available to be reassigned to the company’s two other concepts, or will be encouraged to apply at the new concept once it gets closer to opening.

“We hope that this will be a short-term situation,” McMahon said. “We’ve pledged to work with each of our staff members individually, doing what we can to help support their transitions.”

Metropolitan Grill will run a Memorial Day Weekend special for all Military and Public Safety professionals from Saturday through Monday from 11am to 10pm. All law enforcement, corrections, firefighters, border patrol, active and retired military, veterans, spouses of deployed and VA personnel may enjoy a ‘Buy One Entrée, Get One Free’ special for lunch or dinner.

The restaurant is taking reservations at 531-1212.