The following commercial leases were reported to the Real Estate Daily News for the Tucson and Phoenix Lease Report from April 3 thru 7, 2017.

RETAIL – NWC of I-19 and IRVINGON RD., TUCSON
Tuesday Morning entered into a 10-year lease with Irvington Interstate Partners, LLC at Fashion Park, a shopping center coming soon to the NWC of I-19 & Irvington Road in Tucson, AZ, for 12,500-square-feet.  Alan Tanner and Brigham Stevens of Bourn Advisory Services represented the Landlord.  Brian & Tom Woods with Colliers International, represented Tuesday Morning.  Executed on April 6, 2017. [mepr-show rules=”58038″]Phone: 972.387.0338 (Corporate office)[/mepr-show]

RETAIL – 1710 W. VALENCIA RD., TUCSON
KEYSCD LLC leased 2,450-square-feet of retail space in Midvale Plaza at 1710 West Valencia Road, Suite 190 for a dental office. The space is located within Midvale Plaza, a Walmart-anchored center at the northwest corner of Valencia Road and Midvale Park Road.  David Hammack of Volk Company Commercial Real Estate represented the landlord HAM Midvale L.L.C. [mepr-show rules=”58038″]Asking lease rate: $18.00 – $24.00 SF/YR NNN; Tenant Phone: 520.314.6168[/mepr-show]

OFFICE – 7538 N. LA CHOLLA BLVD., TUCSON
Arizona Biomedical Service recently leased 1,749-square-feet of lab space at7538 N. La Cholla.  The owner of the property is Bioptics Building LLC.  Tom Hunt and Bob Davis of Tango Commercial Real Estate represented both the tenant and the landlord.

RETAIL – 2416 E BROADWAY BLVD., TUCSON
Amazing Discoveries, LLC has leased 1,500-square-feet at 2416 E. Broadway Blvd., from 2424 E. Broadway, Ltd.  Andrew D. Sternberg and Robert J. Nolan of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.320.0338[/mepr-show]

RETAIL – 7555 N LA CHOLLA BLVD., TUCSON
Thong Nguyen, Mai Nguyen, and Hanh Nguyen leased 749-square-feet of retail space for a nail salon at 7555 North La Cholla Boulevard, Suite 111. The Landlord, Lippow/Dana Park 1 LLC, was represented by David Carroll of Romano Real Estate. David Hammack of Volk Company. Commercial Real Estate represented Thong Nguyen, Mai Nguyen, and Hanh Nguyen.

PHOENIX LEASES THIS WEEK

RETAIL – 8248 W DEER VALLEY RD., PHOENIX
A lease for 1,000 square feet in Deer Valley Marketplace Shopping Center to CMB Fitness was recently consummated.  The location of the property is 8248 W Deer Valley Rd in Peoria, AZ.  This is CMB Fitness’ first location.  Jim Edwards of Rein & Grossoehme Commercial Real Estate represented the owner and Golden St. John of Cushman & Wakefield represented the tenant.

RETAIL – 3953 E. CAMELBACK RD., PHOENIX
Zen Sushi, Inc. entered into a 5-year lease with Crow Holdings at Arcadia Village 3953 E. Camelback Road, Phoenix, AZ, 85018 for 984-square-feet (former Baskin Robbins suite).  This is an expansion of the existing Sushiholic restaurant in the adjacent space.  Torrey Briegel and Cameron Warren of Phoenix Commercial Advisors represented the Landlord.  Brian & Tom Woods of Colliers represented Zen Sushi.  Signed in 1st Q 2017.

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The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from December 5 thru 9, 2016.

RETAIL – 5280 E. GRANT RD., TUCSON
Pyramid Federal Credit Union extended their ground lease with TMC Foundation for 40,000-square-feet located at 5280 E. Grant Rd. in Tucson.  Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, handled this transaction.

OFFICE – 380 E. FORT LOWELL RD., TUCSON
CODAC Health, Recovery & Wellness, Inc. leased 21,760-square-feet at 380 E. Fort Lowell Rd. in Tucson, from 380 Holdings, LLC.   The property will go through a complete remodel to accommodate their specific requirements, with expectations for a mid-2017 occupancy. Tom Nieman, Office Specialist, with Cushman & Wakefield | PICOR, represented the landlord and Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.

INDUSTRIAL – 7005 S. PLUMER AVE., TUCSON
Aerovation Inc. leased 13,000-square-feet at 7005 S. Plumer Avenue. Tim Healy, Bob DeLaney and Ian Stuart with CBRE represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.308.6409[/mepr-show]

INDUSTRIAL – 1331 E. 16^th ST., TUCSON
Kelley Brothers, Inc. New York, leased 5,099-square-feet at 1331 East 16^th Street from HVAC Buildings, LLC., Preston Achilles. The term of Lease is for three years four months. Dean P. Cotlow with Cotlow Company, Broker/Owner represented the Tenant. [mepr-show rules=”58038″]Tenant Phone: 520.882.4436[/mepr-show]

RETAIL – 653 W. VALENCIA RD., TUCSON
Psychosomatic Fitness, LLC has leased 4,590-square-feet at 653 W. Valencia Rd., in the Mission Manor Shopping Center, for a 5 year term, from GS Property Investments, LLC.  Christopher Itule of Long Realty represented the Tenant and Robert J. Nolan and Cameron L. Casey of Oxford Realty Advisors represented the Landlord in the transaction. [mepr-show rules=”58038″]Asking lease rate: $10.50 SF/YR NNN; Tenant Phone: 520.877.3488[/mepr-show]

OFFICE – 1 S. CHURCH ST., TUCSON
Title Security of Arizona leased 4,207-square-feet of office space at 1 S. Church Avenue. David Montijo and Damian Wilkinson with CBRE represented the tenant. Zach Fenton with ZFI Holdings represented the landlord.

OFFICE – FOOTHILLS CORPORATE CENTER, TUCSON
Nova Financial Investment Corp. leased 3,973-square-feet of office space at Foothills Corporate Center. Dave Volk with CBRE represented the landlord, United Insurance Company. James Hardman with Desco Southwest represented the tenant.

INDUSTRIAL – 3500 S. DODGE BLVD., TUCSON
Crusher and Process Solutions leased 3,912-square-feet of warehouse space at 3500 S. Dodge Blvd. Tim Healy and Bob DeLaney with CBRE represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $0.62. SF/MO Modified Gross[/mepr-show]

OFFICE – 1010 E. PALMDALE ST., TUCSON
BE Aerospace leased 3,520-square-foot office space at 1010 E. Palmdale. John Slattery with CBRE represented the tenant. The landlord was represented by Gary Emerson with GRE Partners Commercial Real Estate. [mepr-show rules=”58038″]Asking lease rate: $0.75 – $0.90 SF/MO Modified Gross[/mepr-show]

RETAIL – 337 W. MARIPOSE RD., NOGALES
Tucson Hispanic Chamber of Commerce leased 3,051-square-feet at 337 W. Mariposa Road in Nogales, Arizona. Pete Villaescusa and Jesse Peron with CBRE represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.020.0005[/mepr-show]

INDUSTRIAL – 3700 E. 38^th ST., TUCSON
Jeff’s Automotive leased 2,880-square-feet at 3700 E. 38th Street. John Slattery with CBRE represented the tenant. Paul Hooker with Cushman Wakefield | PICOR represented the landlord. [mepr-show rules=”58038″]Tenant Phone: 520.623.2600[/mepr-show]

RETAIL – 52 W. CONGRESS ST., TUCSON
Pokezone Sushi leased 2,601-square-feet of retail space at 52 W. Congress Street. Michael Laatsch with CBRE represented the landlord. The tenant was represented by Jeramy Price with Volk Company.

RETAIL – NWC of IRVINGTON RD and I-19, TUCSON
Lipsey Communications, LLC (dba Sprint Store by Connectivity Source) has leased 2,000 square-feet of retail space at Fashion Park, located at the NWC of Irvington and I-19.  Michael Laatsch with CBRE represented the tenant. Alan Tanner and Brigham Stevens with Bourn Companies represented the landlord.

RETAIL – 6572 E. GRANT RD., TUCSON
Lipsey Communications, LLC. (dba Sprint Store by Connectivity Source) has leased 1,953-square-feet of retail space at 6572 E. Grant Road.  Michael Laatsch with CBRE represented the tenant. Alan Tanner and Brigham Stevens with Bourn Companies represented the landlord.

OFFICE – 6979 E. BROADWAY BLVD., TUCSON
Allegro School of Music has leased 1,750-square-feet at 6979 E. Broadway Blvd., Suite 119, for a 5 year term, from Maqsood & Sabina Enterprises, LLC.  Robert J. Nolan of Oxford Realty Advisors handled the transaction. [mepr-show rules=”58038″]Asking lease rate: $9.75 – $18.00 SF/YR Modified Gross; Tenant Phone: 520.670.9162[/mepr-show]

RETAIL – 446 N. CAMPBELL AVE., TUCSON
Southwest Salon (dba Toni & Guy) renewed their 1,612-square-foot lease at 446 N. Campbell Avenue. Michael Laatsch with CBRE represented the landlord. Michael Treadwell and Mary Boyd-Williams with Vintage Partners represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.624.2722[/mepr-show]

RETAIL – 4540 E. BROADWAY BLVD.,
Hair Architects leased 1,512-square-feet of retail space on a pad at Midstar Plaza. Nancy McClure with CBRE represented the landlord. Hair Architects is an established hair salon located at Broadway & Craycroft and will relocate and open in the new location in January 2017. [mepr-show rules=”58038″]Tenant Phone: 520.305.4100[/mepr-show]

OFFICE – 4400 E. BROADWAY BLVD., TUCSON
I-Hope Medical Transportation Group, LLC, leased approximately 1,402-square-feet of office space located at 4400 E. Broadway Blvd., Suite 403, Tucson, Arizona, from 4400 Broadway, LLC.  Michael Gross of Tucson Realty & Trust Co. represented the Landlord in the transaction. [mepr-show rules=”58038″]Tenant Phone: 520.305.3042[/mepr-show]

RETAIL – SE CORNER of ORANGE GROVE RD. and RIVER RD., MARANA
Smoothie King has leased a 1,200-square-foot space at Marana Marketplace, located on the SE corner of Orange Grove Rd. and River Rd. in Marana. The Premises will be used for the retail sale of smoothies, juices, vegetable drinks, blended products and related products and services. They are scheduled to open for business in June 2017. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Michael Laatsch, of CBRE, represented the Tenant.

RETAIL – SE CORNER of ORANGE GROVE RD. and RIVER RD., MARANA
Sports Clip has leased a 1,100-square-feet space at Marana Marketplace, located on the SE corner of Orange Grove Rd. and River Rd. in Marana. The Premises will be used as a hair salon and for the sale of related products and services. They are scheduled to open for business January 2018. Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker, while Ben Craney, of NAI Horizon, represented the Tenant.

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Intelligent Solutions, LLC leased 1,000-square-feet at 2112 N. Dragoon St., Suite 16 in Tucson, from Rich Rodgers South, Inc.  Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the landlord and Eric Lichtenheld with Integra Group Real Estate, represented the tenant in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.63 SF/MO Modified Gross; Tenant Phone: 520.622.1125[/mepr-show]

OFFICE – 100 N. STONE AVE., TUCSON
Vikram Badrinath PC leased 989-square-feet of office space at The Pioneer Building. Bruce Suppes and Dave Volk represented the landlord, Holualoa Pioneer, LLC. [mepr-show rules=”58038″]Asking lease rate: $17.00 SF/YR Full Service; Tenant Phone: 520.620.6000[/mepr-show]

RETAIL – SE CORNER of GRANT RD. and TUCSON BLVD., TUCSON
Paw Prints Pet Services has leased a 707-square foot space at Grant & Tucson Plaza, located on the SE corner of Grant Rd. and Tucson Blvd. The Premises will be used as a pet training facility and for the sale of related products and services. They are scheduled to open for business February 2017.  Andy Seleznov and Melissa Lal represented the Landlord, Larsen Baker. [mepr-show rules=”58038″]Tenant Phone: 520.571.7879[/mepr-show]

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Seattle-based Nordstrom, Inc. (NYSE: JWN) announced Thursday plans to open Nordstrom Rack at Wilmot Plaza in Tucson, Arizona. The approximately 25,000-square-foot store is scheduled to open in spring 2016. The property is owned by BP Wilmot Plaza LLC, an affiliate of Bourn Companies LLC, a commercial real estate investment, development and services company based in Tucson, Arizona.

Nordstrom Rack will be joining fellow anchors TJ Maxx and Dick’s Sporting Goods in the redeveloped Wilmot Plaza shopping center, located at the northeast corner of Broadway Boulevard and Wilmot Road, near Park Place Mall. Wilmot Plaza will encompass approximately 140,000-square-feet of retail space when the 10-acre shopping center is fully redeveloped.

“We’re excited to offer our customers in Tucson another location to shop for the brands they love at great prices by adding a second Nordstrom Rack at Wilmot Plaza,” said Geevy Thomas, president of Nordstrom Rack. “We’re hopeful this will give new and existing customers a more convenient shopping experience.”

The new store will be the seventh Nordstrom Rack in Arizona, and the second in Tucson, joining Nordstrom Rack at The Corner which opened in 2011. Nordstrom also operates two full-line stores in Arizona, and began serving customers in 1998 at Fashion Square in Scottsdale.

Since its origination in 1990, Bourn Companies and its predecessors have completed over 4 million-square-feet of acquisitions and developments, specializing in corporate office buildings, retail shopping centers and unique multi-family residential and hospitality properties.

“We are thrilled to once again to be working with Nordstrom to bring a Rack store to Wilmot Plaza to serve the east half of the market and southern Arizona,” said Don Bourn, principal of Bourn Companies, LLC.

In a separate transaction, Bourn Companies through affiliate, BP Grant PAD Investors LLC, bought a 31,748-square-foot retail pad at 6572 E Grant Road in Tucson from Target Corporation for $640,000 ($20.16 PSF). The property is located at Grant and Tanque Verde and was excess land for Target. Bourn purchased it to pre-lease for either a single tenant built-to-suit ranging from 2,500 to 7,500-square-feet, or possibly a multi-tenant building up to a 7,500-square-foot footprint.

Alan Tanner and Brigham Stevens with Bourn Advisory Services in Tucson are handling the leasing for both properties and should be reached at 520.323.1005.

For additional information on these transactions, see RED Comp #1136 and RED Comp #3148.