TUCSON, Arizona –  An investment group from Conroe Texas traded into the inline shops at Midvale Park Community Shopping Center at 1625-1645 West Valencia in Tucson. The property commanded a sale price of $6.9 million ($235 PSF).

The center is located across the street from the newly constructed 104,479-square-feet Fry’s store that opened Q3 206, with a 7,800-square-feet of inline shop space under construction, and mostly pre-leased by Rick Volk and Brenna Lacey of the Volk Company to Nationwide Vision, Great Clips and Lee Spa Nails. See Two Pads Sell for Construction at New Fry’s Center on Valencia.

To the west of the Midvale Park Community Shopping Center, a Tractor Supply store is being constructed as reported last week. See Tractor Supply Expands with 4^th Store in Tucson Metro.

Planning at 1955 W Valencia, located at Headley and Valencia,is under way as part of a 75,000-square-foot retail center with pads when complete at this 11.38 acres. See New 75,000 SF Shopping Center Coming to Southwest Tucson.

Valencia is a main arterial road serving the Southwest Tucson submarket with approximately 50,000 average vehicles per day. Neighboring tenants in Midvale Park include Walmart Supercenter, Lowe’s, several banks and many restaurants.

Development is pushing even farther west from Midvale Park along Valencia, Circle K Stores just closed on a 61,453-square-foot lot for $1 million ($16.27 PSF) at the northwest corner of Valencia and Camino de Oeste, for a new store site.

The 29,365-square-foot of inline space at Midvale Park Community Shopping Center was built in 1988, and sold fully leased with such tenants as Little Caesar, Super Pawn, Tucson International Academy, The UPS Store, Metro PCS and El Taco Tote.

Wilcox Center II, LLC of Tucson (Neil Kleinman, manager) the seller, owned the property since 2004.

Gordon Wagner and Dave Dutson with NAI Horizon in Tucson were brokers involved in the transaction and Valerie Skylar with Partners Management in Tucson will continue to manage the property.

For additional information, Skylar can be reached at 520.745.6221. Wagner is at 520.398.5130 and Dutson can be reached at 520.326.2200.

To learn more, see RED Comp #4563 and #4579.

[mepr-show rules=”58038″] Midvale Park Center closed 2/15/2017, document #2017-0460608. Sale price was $6,900,000. APN: 138-24-164A & 164B, 129,159 SF lot. Cap rate was undisclosed. RED Comp #4563

Circle K site closed 2/21/2017, document #2017-0520573. Sale price was $1,000,118. APN: 210-23-080B (por) 1.4108 acres, 61,453 SF lot. RED Comp #4579. [/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from February 6 thru 10, 2017.

INDUSTRIAL – 1070 E. VALENCIA RD., TUCSON
Aerovation, Inc leased a 34,626-square-foot hangar on 1070 E. Valencia Road at Tucson International Airport.  The Tucson Airport Authority was represented by Tim Healy, Bob DeLaney and Ian Stuart of CBRE. [mepr-show rules=”58038″]Tenant Phone: 520.308.6409[/mepr-show]

RETAIL – 4841 N. STONE AV., TUCSON
Tuesday Morning signed a 10-year lease with Brixmor at Northmall for 20,138-square-feet at 4841 N. Stone Avenue, Tucson, AZ, 85704, Suite 115. Signed in January 2017.  Brian & Tom Woods with Colliers International in Phoenix represented Tuesday Morning.

INDUSTRIAL – 2155 N. FORBES BLVD., TUCSON
Preferred Homecare leased 19,500-square-feet of industrial property located at 2155 N. Forbes Blvd. The tenant was represented by Bill DiVito and Jesse Blum of CBRE. [mepr-show rules=”58038″]Tenant Phone: 520.888.4002[/mepr-show]

INDUSTRIAL – 3741 N. I-10 EB FRONTAGE RD., TUCSON
Arizona Kawasaki KTM Triumph leased 13,440-square-feet at 3741 N. I-10 EB Frontage Rd., Suites 101 & 103 in Tucson, from Peacock Investment Builders Tucson I, LLC.  Russell Hall, SIOR, GSCS, Stephen Cohen and Rob Glaser, SIOR, CCIM, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Jake Ertle with Rein & Grossoehme Commercial Real Estate, LLC represented the tenant.

OFFICE – 1521 E. TANGERINE RD., TUCSON
Total Renal Care, Inc leased 7,828-square-feet of medical office space at 1521 E. Tangerine Road. The tenant was represented by Keith Lammerson of JLL. The landlord was represented by David Volk and Bruce Suppes of CBRE.

RETAIL – NW CORNER of PRINCE RD. and FAIRVIEW AVE., TUCSON
Just Right Mattress Outlet leased 4,000-square-feet in Del Norte Shopping Center, located at the northwest corner of Prince Rd. and Fairview Ave. in Tucson, from Prince Road Plaza, LLC.  Greg Furrier, Retail Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 101 S. LA CANADA DRIVE, TUCSON
Movement for Life, Inc leased a 3,208-square-feet retail property at 101 S. La Canada Drive in the Green Valley Village shopping center. The tenant was represented by Brenna Lacey of the Volk Company. Michael Laatsch and Bruce Suppes of CBRE represented the landlord.

INDUSTRIAL – 3865 E. 34^th ST., TUCSON
Penalver Recovery, LLC renewed their lease for 2,200-square-feet in Alvernon Business Center, 3865 E. 34^th St., Suite 102 in Tucson, from AP & D Investments, LLP.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

INDUSTRIAL – 736 E 46^th ST., TUCSON
Iglesia de La Reunión de La Gran Comisión renewed their lease for 2,146-square-feet at 736 E. 46^th St. in Tucson, from El Gato Investment Two, LLC.   Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 3951 W. INA RD., TUCSON
Mobile One LLC, dba T-Mobile leased 2,587-square-feet at 3951 West Ina Road. The space is located in a pad building that is also occupied by Starbucks within Thornydale Plaza, a Target and Lowe’s anchored center at the southwest corner of Ina and Thornydale. Paul Holland of Colliers International represented the tenant. Dave Hammack of Volk Company represented the landlord, I.T. Investments One, LLC.

OFFICE – 7388 N. LA CHOLLA BLVD., TUCSON
Laboratory Corporation of America leased 2,035-square-feet of office space at 7388 N. La Cholla Blvd. in Tucson, from CD Gemini Properties, LLC.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction on behalf of the landlord.

INDUSTRIAL – 1027 S. EUCLID AVE., TUCSON
Paul Volpe leased 1,605-square-feet at 1027 S. Euclid Ave. in Tucson, from Rich Rodgers South, Inc.  Cushman & Wakefield | PICOR handled this transaction.  Brandon Rodgers, CCIM, represented the landlord, and Isaac Figueroa represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.47 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 3534-3538 N. ROMERO RD., TUCSON
Hei-Tek Automation, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 130 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

INDUSTRIAL – 3534-3538 N. ROMERO RD., TUCSON
Southern Arizona Maintenance Service, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 142 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.742.9622[/mepr-show]

RETAIL – 7545 S. HOUGHTON RD., TUCSON
T-Mobile leased 1,200-square-feet in Rincon Plaza, located at the SWC of Golf Links and Harrison Rds. in Tucson, from D and D Properties Group Management, LLC.  Greg Furrier and Jeff Zellet, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.   Paul Holland with Colliers International AZ, LLC, represented the tenant.

OFFICE – 3959 E. SPEEDWAY BLVD., TUCSON
F & N Enterprises / Communications, LLC renewed their lease for 1,100-square-feet of office/warehouse space in Central Point Business Plaza, 3959 E. Speedway, Suite 307 in Tucson, from Central Point Tucson, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.290.8119[/mepr-show]

OFFICE – 200 W. MAGEE RD., TUCSON
Terry Korte Agency leased approximately 1,030-square-feet of office space located at 200 W. Magee Road, Suite 130, 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: $20.50 SF/YR Full Service; Tenant Phone: 520.325.0650[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Faith, Weights and Protein Shakez, LLC leased 990-square-feet in Midway Business Park, 4500 E. Speedway Blvd., Suite 42B in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.75 – $0.80 SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 3921 E. 29^th ST., TUCSON
Auto Cash Leasing, LLC leased 827-square-feet in Midpoint Business Plaza, 3921 E. 29^th St., Suite 306 in Tucson, from Presson Midpoint, LLC.  Rob Glaser, SIOR, CCIM and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.512.8808[/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from December 19 thru 30, 2016.

INDUSTRIAL – 2850 E. DREXEL RD., TUCSON
The Chamberlain Group, Inc. leased 300,181-square-feet of industrial space, located on 21.76 acres of land, from EastGroup Properties, LP.  EastGroup Properties, as owner/developer, will construct a ground-up, build-to-suit distribution facility located at 2850 E. Drexel Rd. in Tucson for The Chamberlain Group.  Delivery is anticipated towards the close of 2017.  Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Allen Rogoway with Cresa Chicago and Mike Gordon with Cresa Phoenix represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.792.0511[/mepr-show]

INDUSTRIAL – 6020 S. COUNTRY CLUB RD., TUCSON
The Chamberlain Group, Inc. renewed their lease with EastGroup Properties, LP for 45,000-square-feet of industrial space located at 6020 S. Country Club Rd. in Tucson. Rob Glaser, SIOR, CCIM, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Allen Rogoway with Cresa Chicago and Mike Gordon with Cresa Phoenix represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.792.0511[/mepr-show]

GROUND LEASE – 3881 N. HIGHWAY DR., TUCSON
The Fishel Company renewed their lease for 37,500-square-feet at 3881 N. Highway Dr. in Tucson, from JH Associates, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $1742.40 /AC /MO; Tenant  Phone: 520.514.6709[/mepr-show]

RETAIL – 5150 N. CASA GRANDE HIGHWAY, TUCSON
Best In The West Golf Cars, LLC leased 5,760-square-feet of retail space at 5150  N. Casa Grande Highway in Tucson, from Tin Cup Properties, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.730.6378[/mepr-show]

INDUSTRIAL – 3860 S. PALO VERDE RD., TUCSON
Caretakers Building Maintenance leased 5,400-square-feet in Palo Verde Industrial Center, 3860 S. Palo Verde Rd., Suite 308 in Tucson, from Palo Verde Trust Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.   Wayne Kuykendall with Frauenshuh Commercial Real Estate in Minneapolis, MN, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.63 SF/MO Modified Gross; Tenant Phone: 520.305.4829[/mepr-show]

OFFICE – 6440 E. BROADWAY BLVD., TUCSON
Jade Star Acupuncture leased 4,700-square-feet of office space at 6440 E. Broadway Blvd. in Tucson, from Carbas Properties. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Chris Tsighis and Daniel Yang with Coldwell Banker Residential Brokerage, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.881.0827[/mepr-show]

RETAIL – 4881 N. STONE AVE., TUCSON
646 Fitness, LLC, dba Crossfit 646, eased approximately 4,132-square-feet of space at 4881 North Stone Avenue. The space is located within Northmall Centre, which is at the southwest corner of Stone Avenue and River Road. The landlord is Brixmor Holdings 1 SPE, LLC. Jeramy Price of Volk Company represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.612.7056[/mepr-show]

OFFICE – 5307 E. BROADWAY BLVD., TUCSON
K12 Management, Inc. leased 3,750-square-feet of office space in Broadway Plaza, 5307 E. Broadway Blvd., Suite 5307 in Tucson, from Transamerica United Group, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Keith Lammersen with Jones Lang LaSalle Americas, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $15.50 SF/YR Modified Gross; Tenant Phone: 877.784.1664[/mepr-show]

INDUSTRIAL – 1100 E. AJO WAY, TUCSON
H.O.P.E. Group, LLC leased 3,047-square-feet in the Ajo/Evans Business Park, 1100 E. Ajo Way, Suite 201 in Tucson, from Ajo/Evans Business Park, LLC. Pat Welchert, SIOR, and Jeff Zellet with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Doug Richardson, with Tucson Realty and Trust, Co., represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.56 SF/MO NNN[/mepr-show]

INDUSTRIAL – 18221 W. DAIRY PL., TUCSON
Katalyst Restaurant Concepts, LLC leased 2,750-square-feet at 1821 W. Dairy Pl., in Tucson from Walker Industrial Properties, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.780.0280[/mepr-show]

RETAIL – 1401 W. VALENCIA RD., TUCSON
MPG Automotive Services Valencia, LLC and Gallo Transmission & Auto Care, LLC leased 2,650-square-feet at 1401 W. Valencia Rd., Suite 151in Tucson, from Valencia Auto Center, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 215 W. GIACONDA WAY., TUCSON
AAM, LLC leased 2,417-square-feet of office space at 215 W. Giaconda Way, Suite 161 in Tucson, from Giaconda 205 Partners, LLC.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord and Janine Irvin with Mark Irvin Commercial Real Estate Services, represented the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.219.7200[/mepr-show]

RETAIL – 4519 E. 22^nd ST., TUCSON
SJH Powersports, LLC, dba Cycles, Skis & ATVs, leased 2,400-square-feet at 4519 E. 22^nd St. in Tucson, from RRN, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.747.8339[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
Madaras Gallery leased 2,400-square-feet in Midway Business Park, 4500 E. Speedway, Suites 66-67 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Janine Irvin, with Mark Irvin Commercial Real Estate Services, represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross; Tenant Phone: 520.615.3001[/mepr-show]

OFFICE – 3360 S. PALO VERDE RD., TUCSON
Eazy Breezy Heating & Cooling leased 2,349-square-feet at 3360 S. Palo Verde Rd. in Tucson, from 44PV, LLC.  Jeff Zellet, Commercial Specialist, with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Nic Chavira and Tom Hunt with Tango Commercial Real Estate, LLC, represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.207.0334[/mepr-show]

OFFICE – 1171 E. RANCHO VISTOSO BLVD., TUCSON
Golder Ranch Fire District has leased 1,891-square-feet at 1171 E. Rancho Vistoso Blvd., Suite 103, in the Mountain View Plaza, from Mountain Vista Plaza, LLC.  Greg Boccardo of Boccardo Realty represented the Tenant and Andrew D. Sternberg and Robert J. Nolan of Oxford Realty Advisors represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.825.9001[/mepr-show]

INDUSTRIAL – 4500 E. SPEEDWAY BLVD., TUCSON
HNM Distributions, Inc. leased 1,600-square-feet in Midway Business Park, 4500 E. Speedway, Suite 8 in Tucson, from Presson Midway, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.76 – $0.80 SF/MO Modified Gross; Tenant Phone: 520.790.1900[/mepr-show]

INDUSTRIAL – 3534 – 3538 N. ROMERO RD., TUCSON
Redbox Automated Retail, LLC renewed their lease for 1,500-square-feet at 3534–3538 N. Romero Rd., Suite 124 in Tucson, from Costa Verde Investments, LLC.  Ron Zimmerman, Commercial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.65 SF/MO Modified Gross[/mepr-show]

RETAIL – 31 N. 6^th AVE., TUCSON
Merry’s Desert Business Solutions, LLC, dba The UPS Store, leased 1,200-square-feet of retail space in the historic Arizona Hotel, 31 N. 6^th Ave., from Dabdoub Investments, LLC. Downtown Tucson’s only UPS Store will be located directly across the street from the Ronstadt Transit Center redevelopment. This location is projected to handle existing packing and shipping needs from downtown businesses, as well as the rapidly growing residential population in the area. The UPS Store will also handle a wide variety of printing requirements, including large scale projects. Rob Tomlinson, Retail Specialist, with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
Claudia Mendoza McDowell and Nicolasa Kammerer leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 4 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Paul J. Rosado represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.65.SF/MO Modified Gross[/mepr-show]

INDUSTRIAL – 245 S. PLUMER AVE., TUCSON
CopperZap, LLC leased 1,200-square-feet in Commerce Industrial Plaza, 245 S. Plumer Ave., Suite 8 in Tucson, from Plumer Partners, LLC.  Rob Glaser, SIOR, CCIM, and Paul Hooker, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate:  $0.65.SF/MO Modified Gross; Tenant Phone: 520.512.5474[/mepr-show]

INDUSTRIAL – 3720 S. PARK AVE., TUCSON
Miracle Honeybee Company renewed their lease for 1,170-square-feet at 3720 S. Park Ave., Suite 605 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: 520.883.4026[/mepr-show]

RETAIL – VALENCIA MARKETPLACE SHOPS, TUCSON
Sabio Enterprises #1, LLC, dba Pizza Patron, leased 1,100-square-feet at Valencia Marketplace Shops. Valencia Marketplace Shops are at the southwest corner of Valencia and Indian Agency Road, adjacent to a brand new 100,000 square foot Fry’s grocery store. This is the first new Fry’s store to open in Tucson in almost ten years. Pizza Patron joins Nationwide Vision, Lee Nails & Spa, and Great Clips at this project. A 2,500-square-feet end-cap space with a patio is still available! Chris Itule of Long Realty represented the Tenant. Kevin Volk and Brenna Lacey of Volk Company represented the landlord, Steamroller LLC. [mepr-show rules=”58038″]Tenant Phone: 972.613.8000 (Pizza Patron Corporate)[/mepr-show]

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Arizona Life Financial Group, LLC leased 298-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 215 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Martha Figueroa Penunuri leased 214-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 212 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Erudite Financial Group, PC leased 142-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 207 in Tucson, from Midstar Partners, LLC. Isaac Figueroa, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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