TUCSON, Arizona – Feast Properties, LLC of Murrieta, California, the construction arm for Denny’s Restaurants, purchased a pad at Houghton Town Center for $575,000 ($20 PSF). Ready for construction, Vail should have its first Denny’s sometime next year right along with the McDonalds that has started construction at Houghton Town Center.

The Vail community is a census-designated place (CDP), twenty-four miles southeast of Tucson.

Denny’s is a table service American diner-style restaurant chain where guests have come for over 60 years to sit back, relax and enjoy delicious, hearty meals, every day of the year including holidays. From breakfast anytime to lunches and dinners, Denny’s is always open.

Denny’s is one of America’s largest full-service family restaurant chains, currently operating over 1,700 franchised, licensed and company-owned restaurants across the United States, Canada, Puerto Rico, New Zealand, Mexico, Costa Rica, Dominican Republic, Honduras, Guam, the United Arab Emirates, Chile, Curaçao, El Salvador, and Trinidad and Tobago, and the Philippines.

Brenna Lacey and Jeremy Price with Volk Company represented the seller / developer, Houghton Developers LLC, an affiliate of Diamond Ventures (Bill Kelley, CFO). Shannon Murphy with DVI Realty assisted in the transaction, while buyer was represented by Northwest Commercial Advisors.

“Other restaurants, such as Popeye’s, Panda Express, Jersey Mikes and Dunkin Donuts have been doing very well at this location,” said Lacey. “And the 4,041-square-foot new Denny’s should be a welcomed addition to the community.”

Currently, Vail residents drive about 14-miles to the nearest Denny’s at 4040 East 22^nd Street in Tucson.

For more information, Lacey can be reached at 520.495.2233, Price is at 520.441.4771 and Murphy can be contacted at 520.577.0200.

For further information on Denny’s, visit the Denny’s website at www.dennys.com

To learn more, see RED Comp #6260.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Aug. 6 thru 10, 2018.

INDUSTRIAL – 3133 S. DODGE BLVD., TUCSON
Bay Insulation of Arizona leased 8,600 square feet of industrial space from Dodge Properties, LLC. The property is located at 3133 South Dodge Boulevard. The landlord was represented by Gary Emerson of GRE Partners, LLC and the tenant was represented by Tim Healy Jr. of CBRE’s Tucson Office and Bill Bayless of CBRE’s Phoenix Office. [mepr-show rules=”58038″]Tenant Phone: 480.966.2266[/mepr-show]

RETAIL AT THE CROSSING AT SAHUARITA
Starbucks recently finalized a lease of 2,400-square-feet at The Crossing at Sahuarita. The Sprouts anchored project is located at the southeast corner of Nogales Highway and Abrego Drive in Sahuarita, Arizona.  The center is leased by Brian Gast and Dave Cheatham of Velocity Retail Group, with Brenna Lacey of The Volk Company in Tucson as co-listing agents.  Greg Furrier with Cushman & Wakefield / PICOR represented the tenant in the transaction.  The landlord ownership group is a partnership between Wadsworth Development Group and Accelerated Development Services.

RETAIL – SHOPPES AT CONTINENTAL RANCH, MARANA
Brian Gast and Bonnie Arlia of Velocity Retail recently negotiated a lease for a 2,200-square-foot Go Wireless – Verizon store in the Shoppes at Continental Ranch in Marana, Arizona.  The Safeway anchored center is located at the southeast corner of Twin Peaks and Silverbell Roads.  The store will be located in a newly constructed building along Silverbell at the entrance to the shopping center.  Craig Finfrock of Commercial Retail Advisors in Tucson represented the Landlord in the transaction.  This is the 6^th new location the team has completed for this tenant in the last year.

RETAIL – 9040 E. VALENCIA RD., TUCSON
Solee Enterprises, a chicken wing concept restaurant, leased 1,750 square feet at Rita Ranch Shopping Center located at 9040 E. Valencia Road, Tucson, AZ.  Dave Dutson with NAI Horizon represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $22.00 SF/YR NNN[/mepr-show]

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The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from July 23 thru 27, 2018.

INDUSTRIAL – 3133 S. DODGE BLVD., TUCSON
Bay Insulation of Arizona leased 8,600-square-feet at 3133 S. Dodge from Dodge Properties, LLC.  Gary Emerson of GRE Partners, LLC represented the landlord and Tim Healy of CBRE represented the tenant.

RETAIL – 3782 E. 43^rd PL, TUCSON
eWheels, LLC leased 5,675-square-feet at 3782 E. 43^rd Place from Doubletree Investments.  Gary Emerson of GRE Partners, LLC represented the tenant and Steve Cohen of Cushman & Wakefield/Picor represented the landlord

RETAIL – 2880 W. DREXEL RD., TUCSON
D & K Market lease of the 2,400-square-foot building on 16,000-square-feet of land at 2880 West Drexel Road to a tenant that will reopen another convenience store at the property.  The building was originally built and occupied by 7-11. Terry Dahlstrom of Volk Company represented Valdrex, L.L.C.

RETAIL – 40 E. CONGRESS ST, TUCSON
Serial Grillers leased approximately 1,184-square-feet at 40 East Congress Street. Serial Grillers offers a wide variety of food, including pizza, sandwiches, burgers, and American fare along with a wide selection craft beer and wine. This will be their fifth Tucson-area location. The landlord is BP City Park Operator, LLC, which was represented by Bourn Advisory Services, LLC.  Jeramy Price of Volk Company represented Serial Grillers, LLC.

RETAIL – AJO & KINNEY RD., TUCSON
Direct Paging and Cellular, Inc leased 1,000-square-feet at Ajo & Kinney is a new retail building to be constructed just east of the southeast corner of Ajo Highway and Kinney Road. The tenant will open Cricket Wireless in the space and will join Domino’s and Dairy Queen. This brings remaining space at the building down to 2,300 square feet. Kevin Volk of Volk Company represented the Landlord, Ajo SEC Shops LLC.

RETAIL – NOGALES HIGHWAY and N. ABREGO RD., SAHUARITA
The following shop space leased at the Crossing at Sahuarita, a shopping center being developed by Wadsworth Development Group and Accelerated Development Services at the southeast corner of Old Nogales Highway and Abrego Drive in Sahuarita.

• Saigon Nails Spa, LLC leased 1,300-square-feet
• MOD Super Fast Pizza, LLC leased 2,853-square-feet
• GoWireless, Inc. leased 2,700-square-feet

These shop tenants plan to open in July and will join Sprouts, TJ Maxx, Beall’s, and Petsmart, which have recently opened in the shopping center.  Brenna Lacey and Kevin Volk of Volk Company and Brian Gast of Velocity Retail Group represented the landlord, FAE Holdings 461354R, LLC.

RETAIL – NE CORNER of CORTARO FARMS and I-10, MARANS
The following shop space leases at the northeast corner of Cortaro Farms Road and Interstate 10 in Marana. These tenants will be located in a retail shops building to be constructed as part of the 21-acre, mixed-use project being developed by Cortaro Commercial JV, LLC.

• ATI Holdings of Arizona, LLC leased 2,200-square-feet for a physical and rehabilitative medicine facility. The tenant was represented by Western Retail Advisors.
• Serial Grillers, LLC leased 3,500-square-feet for a restaurant with patio area. This will be their fourth Tucson-area location.

Brenna Lacey and Jeramy Price of Volk Company and Chuck Wells of Advisors Commercial Real Estate represented the landlord, Cortaro Commercial JV, LLC.

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