MARANA, ARIZONA – Cortaro Commercial JV, LLC sold 3.86-acres at 5600 West Cortaro Farms Road in Cortaro Ranch, off I-10, for $966,650 (5.75 PSF) in Marana. The buyer is Marana Micro-Hospital, LLC, an affiliate of Beaumont Surgical Hospital Partners of The Woodlands, TX plan to construct a 40,000-square-foot micro-hospital on the site.

Cortaro Ranch is approximately 20-acres, at the northeast of Cortaro Farms and I-10, currently with an IHOP (soon to be rebranded IHOB) at 8445 N Cerius Stravenue, as shown on the site plan. The micro-hospital will be located to the north of IHOP and a build-to-suit Dutch Bros Coffee with drive-thru under construction by the seller / developer, Thrift Thompson Retail Group (TTRG).

Cortaro Commercial JV is a joint venture between Caddis Bridge (Greg Anderson) of Tucson and TTRG, a Terra Haute, Indiana based company with an office in Phoenix (Chris Hake, Vice-President and Director of Southwest Region).

Chris Hake is leading the development and heads up the local operations in Phoenix. Hake has been with Thompson Thrift since 2007 and has been in the commercial real estate industry for over 10-years. Hake told us the company is also in negotiations with a national retailer for a 45,000-square-foot store at the northwest corner of the center, shown on the site plan.

Plans are to develop an additional medical / office building adjoining the 35,000-square-foot, 22-bed micro-hospital, including inpatient and emergency room beds, a planned hotel site and additional retail shop space at Cortaro Ranch. Serial Grillers recently announced a future restaurant here while still doing tenant improvements at the former Chuy’s in Rita Ranch at 7585 S. Houghton Road in Tucson.

This is the second micro-hospital in metro Tucson, the first was built as an Emergency Center at Houghton Town Center by Northwest Medical Center.

Starting in Colorado, Texas, Indiana, and other large- and medium-sized cities in the United States, micro-hospitals are licensed facilities that tailor their services to the populations they serve. Some offer an emergency department, pharmacy, lab, and imaging center. Others focus on primary care, nutrition services, gynecological and other women’s health services, and minor outpatient surgeries. Thanks to their smaller size and fewer services offered, micro-hospitals charge less than larger traditional hospitals, and like their larger counterparts, are open 24/7.

Brokers who represented the seller on the hospital closing are Chuck Wells with CBC Advisors of Phoenix, Brenna Lacey with Volk & Co. and Paul Serafin with De Rito. The buyer’s broker was David Montijo with CBRE in Tucson.

Wells can be reached at 602.884.8345, Lacey should be contacted at 520.326.3200 and Serafin is at 480.834.8500. To contact Montijo, call 520.323.5100.

To learn more, see RED Comp #5890.

Sahuarita, Arizona — Wadsworth Development Group in partnership with Accelerated Development Services held a ribbon cutting and grand opening ceremony Monday at The Crossing at Sahuarita Shopping Center in Sahuarita, Arizona.

The 150,000-square-foot center boasts a Sprouts Farmers Market, TJ Maxx, PetSmart, Beall’s Outlet, and several restaurants and shops to compliment the diverse tenant mix.  The project is located at the southeast corner of Nogales Highway and Abrego Drive in Sahuarita, Arizona, which is about 20 minutes south of Tucson.

Sahuarita Mayor, Tom Murphy cut the ribbon to the delight of the dozens of guests and spoke to the attendees.  “This is an exciting day for Sahuarita.  Things are heating up both figuratively and literally,” he said.  “It has always been the vision of the Town Council to be business friendly and think outside the box in how to get things done, and how to get more retail and jobs in the area.  This shopping center is one great example.”

The ownership group purchased the land in 2017 and soon developed the plans for the center, which spans 18 acres.  “I want to thank the entire team that made this project come to fruition,” said Kip Wadsworth, President of Wadsworth Development Group.  “From inception, to entitlements, zoning, construction and leasing the team, all worked tirelessly to meet deadlines and help the tenants open on time,” he added.

The Town of Sahuarita was instrumental in working through the steps in the development process to bring about the final project in record time.  “It was a pleasurable and enjoyable experience working with all town staff members from top to bottom in planning and zoning. Each and every town department provided a smooth transition from the start to the end of our entitlement process.  The vision for Sahuarita Crossing was an expedited and smooth process which could not have made without their extra efforts,” said Trey Eakin, Senior Vice President of Accelerated Development Services.

Velocity Retail Group leads the leasing team for the ownership group which also includes Brenna Lacey and Kevin Volk of The Volk Company as co-listing agents.  “The shopping center has experienced high customer volumes since Sprouts opened at the end of February. We will have additional tenant announcements soon that should please the residents in the area,” said Dave Cheatham, President of Velocity Retail Group.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from Aug. 28 thru Sept. 1, 2017.

RETAIL – 7200 E. BROADAY BLVD., TUCSON
Skechers has leased a 17,929-square-feet of space at the Circle Plaza Shopping Center, located at the SE corner of Broadway Blvd. and Kolb Rd. The Premises will be used for the retail sale of men’s, women’s and children’s footwear, apparel and accessories. They are scheduled to open for business January 2018. Andy Seleznov and Melissa Lal, Larsen Baker, represented the Landlord, Larsen Baker, while Leslie J. Mayer, Greg Furrier and Adam Madison, of Cushman & Wakefield represented the Tenant.

OFFICE – 7601 N. ORACLE RD., TUCSON
ProActive Physical Therapy leased 4,361-square-feet of office space at 7601 N. Oracle Road. Jeff Casper of CBRE represented the tenant. Mike Gross of Tucson Realty and Trust represented the landlord, National Bank of Arizona, in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.321.0204 (Corporate Office)[/mepr-show]

RETAIL – 1183 W. IRVINGTON RD., TUCSON
Sterling Jewelers, Inc (DBA:  Kay Jewelers), based in Akron, Ohio, has signed a long-term lease at Tucson Spectrum, 1183 W. Irvington Road, #130, in 2,660-square-feet.  CBRE’s Nancy McClure and Michael Laatsch represented the Landlord, DDR Tucson Spectrum I, LLC, in the transaction.   Tenant is slated to open this Fall.

INDUSTRIAL – 3961 E. SPEEDWAY BLVD., TUCSON
Canyon State Strength and Conditioning, LLC, leased 2,315-square-feet at Central Point Business Plaza, 3961 East Speedway Boulevard, Suites 414-415. The tenant will open a CrossFit gym in this accessible, centrally-located property, catering to University of Arizona students and the general public. The landlord, Central Point Tucson, LLC, was represented by Jeff Zellet of Cushman & Wakefield | PICOR. Kevin Volk of Volk Company represented the tenant.

RETAIL – 4261 W. INA RD., MARANA
Worden Physique, LLC, leased 2,100-square-feet at 4261 West Ina Road, Suite 101 in Marana. The tenant will offer personal training and fitness classes. The landlord, Sun Creek, L.L.C, was represented by Robert Nolan of Oxford Realty Advisors. Kevin Volk of Volk Company represented the tenant,

OFFICE – 1 W. WETMORE, TUCSON
Gary Repovsch CPA leased 1,940-square-feet of office space at 1 W. Wetmore. David Montijo and Damian Wilkinson of CBRE represented the tenant. Tom Neiman of Cushman & Wakefield | Picor represented the landlord, Issa & Henrietta Hallaq, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $15.00 SF/YR Modified Gross; Tenant Phone: 520.620.0900[/mepr-show]

RETAIL – 4630 – 4632 E. GRANT RD., TUCSON
Design and Adorn LLC leased 1,936-square-feet of retail space at 4630 and 4632 E. Grant Road. The tenant has operated in part of this space since 2010 and recently signed a long-term lease expanding into the adjacent suite.  Nancy McClure of CBRE represented the landlord, HLF Properties, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $12.00 SF/YR Modified Gross; Tenant Phone: 520.209.1900[/mepr-show]

RETAIL – NW CORNER of FIRST AVE and WETMORE RD., TUCSON
AZ Dept. of Emergency & Military Affairs has leased a 1,482-square-foot space at the Tucson Place Shopping Center, located at the NW corner of First Ave. and Wetmore Rd. The Premises will be used for administrative and recruiting offices for the Arizona Department of Emergency and Military Affairs and the Arizona Army National Guard. They are scheduled to open for business October 2017.  Andy Seleznov and Melissa Lal, Larsen Baker, represented the Landlord, Larsen Baker, while Chris Corney, of Jones Lang LaSalle Americas, Inc., represented the Tenant.

RETAIL – 3900 W. INA RD., TUCSON
Saguaro Sky 3, LLC dba Baja Cafe leased 1,445-square-feet of retail space at 3900 Ina Road in the Embassy Plaza shopping center. Esther Empens of Tierra Antiqua represented the tenant. Michael Laatsch of CBRE represented the landlord, Embassy Plaza LLC, in the transaction.  [mepr-show rules=”58038″]Asking lease rate: $18.50 – $30.00 SF/YR NNN[/mepr-show]

RETAIL – 7932 E. BROADWAY BLVD., TUCSON
Vendamerica, Inc., dba Boost Store by Launch Wireless. leased 1,200-square-feet at 7932 East Broadway Boulevard Tucson. Other tenants in the center include Wingstop, Papa Loco’s, Arizona Mattress, and Sports Buzz. Brenna Lacey of Volk Company represented the Landlord, Pantano/Broadway, LLC. [mepr-show rules=”58038″]Tenant Phone: 520.682.3991[/mepr-show]

RETAIL – 6890 E. SUNRISE DR., TUCSON
Alf Taylor and Judi Taylor leased 1,200-square-feet at 6890 East Sunrise Drive, Suite 140, Tucson. The tenant plans to operate an oriental rug store. The space is located within Ventana Village, the Bashas’-anchored center at the southwest corner of Sunrise and Kolb. David Hammack of Volk Company Commercial Real Estate represented the landlord, EREP Ventana II, LLC.

RETAIL –  3870 W. RIVER RD., MARANA
Velvet Vapor’s LLC leased 1,200-square-feet at 3870 West River Road, Suite 108, within Marana Marketplace. The landlord, Marana Marketplace Partners, LLC, was represented by Melissa Lal of Larsen Baker. Jeramy Price of Volk Company represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.495.4532[/mepr-show]

RETAIL – 3900 W. INA RD., TUCSON
Rita Brimer leased 1,040-square-feet of retail space for a hair salon at 3900 W. Ina Road in the Embassy Plaza shopping center. Michael Laatsch of CBRE represented the landlord, Embassy Plaza LLC, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $18.50 – $30.00 SF/YR NNN[/mepr-show]

RETAIL – 3911 E. PIMA ST., TUCSON
Allen Chiropractic has renewed their lease at Frontier Village, located on the NE corner of Pima St. and Alvernon Way. Andy Seleznov and Melissa, Larsen Baker, represented the Landlord. [mepr-show rules=”58038″]Tenant Phone: 520.318.9841[/mepr-show]

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