Tucson Lease Report July 3-7, 2017

Tucson Lease report 3-13-16
Tucson Lease Report July 3-7, 2017

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

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Skyline Assayers & Laboratories leased 3,000-square-feet at 2112 N. Dragoon St., Suites 1-3 in Tucson, from Rich Rodgers South, Inc.  Max Fisher, with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.622.4836[/mepr-show]

RETAIL – 120 S. HOUGHTON RD., TUCSON
Hops Sports Grill has signed a lease for 2,540-square-feet at 120 S. Houghton Road, Suite 174 in Montesa Plaza, located at the southwest corner of Broadway Blvd. and Houghton Rd. Hops Sports Grill is a sports themed, full-service sports grill that features pub food and an indoor/outdoor beer garden serving craft beers, wine and signature cocktails. This family friendly sports grill will also have a kid’s play area. The owners, Brian and Isabelle Luceri, expect the new sports grill to open in September 2017.  Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, Montesa Plaza, LP.

OFFICE – 11115 – 11125 N. LA CANADA DR., TUCSON
Oro Valley Health & Wellness Chiropractic Corporation leased 1,696-square-feet of office space at 11115 & 11125 N. La Canada Drive. Christopher Itule of Long Realty represented the tenant. Bruce Suppes of CBRE represented the landlord, La Canada Office, LLC, in the transaction. [mepr-show rules=”58038″]Asking lease rate: $17.50 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 6894 N. CAMINO MARTIN, TUCSON
Grace Retreat Foster Care and Adoption Services Corporation leased 1,500-square-feet in Old West Business Park, 6894 N. Camino Martin, Suite 100 in Tucson, from Camino Martin Partners II, LLC.  Cushman & Wakefield | PICOR Industrial Specialists handled this transaction.  Max Fisher represented the tenant, and Brandon Rodgers, CCIM, Principal, represented the landlord in this transaction. [mepr-show rules=”58038″]Asking lease rate: $0.70 SF/MO Modified Gross; Tenant Phone: 520.276.9661[/mepr-show]

OFFICE – 78 W. CUSHING ST., TUCSON
Illume Advising, LLC leased 1,335-square-feet of office space at 78 W. Cushing Street. Kevin Volk of Volk Company represented the tenant. David Volk and Bruce Suppes of CBRE represented the landlord, TWW Investments, LLC, in the transaction.

INDUSTRIAL – 2112 N. DRAGOON ST., TUCSON
Arison Construction, LLC leased 1,000-square-feet at 2112 N. Dragoon St., Suite 24 in Tucson, from Rich Rodgers South, Inc.  Max Fisher, with Cushman & Wakefield | PICOR, represented the landlord and the tenant in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.882.5175[/mepr-show]

INDUSTRIAL – 3959 E. SPEEDWAY BLVD., TUCSON
Draeger Safety Diagnostics, Inc. leased 794-square-feet of office/warehouse space in Central Point Business Plaza, 3959 E. Speedway Blvd., Suite 317 in Tucson, from Central Point Tucson, LLC.  Jeff Zellet, Commercial Specialist with Cushman & Wakefield | PICOR, handled this transaction.  [mepr-show rules=”58038″]Asking lease rate: $0.49 SF/MO NNN; Tenant Phone: 520.882.8282[/mepr-show]

OFFICE – 3636 N. CENTRAL AVE., TUCSON
The GSA-Army Corps of Engineers leased office space located at 3636 N. Central Avenue, Phoenix, Arizona, from Heckethorn Towers, LLC. Carpenter Robbins Commercial Real Estate located in San Ramon, California, and Tucson Realty & Trust Co., worked as Co-Brokers, representing the Tenant. Scott Baumgarten of Cushman & Wakefield in Phoenix, Arizona, represented the Landlord in the transaction.

To learn more login. Submit sales and leases to REDailyNews@outlook.com




Smaller Office Building Sales Lively in Tucson

7479 E Tanque Verde Rd., Tucson, AZ

TUCSON, ARIZONA — Office sales of smaller office buildings has been active lately, with market vacancies at a seven year low in Tucson. There has been $17.3.6 million in sales volume this quarter with $400,000 the median sale price and 3,538-square-feet the median building square-footage.

William and Susan Daugherty purchased a 1,900-square-foot office building in the Central Submarket, located at 7479 E. Tanque Verde Rd. in Tucson, from Albatross Enterprise, LLC for $475,000 ($250 PF).   The building in Tanque Verde Place was built in 2007 and was leased to Title Security Agency of Arizona when it sold.  Stephen D. Cohen and Russell W. Hall, SIOR, GSCS, Industrial Specialists with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Tony Reed and Chris Itule with Long Realty Company represented the buyer.

810 E Fort Lowell Rd, Tucson, AZ

Esquera Development, LLC purchased a 2,400-square-foot office building, located at 810 E. Fort Lowell Rd. in Tucson in the Central Submarket, from Jimmy Dale Pyland for $315,000 ($131.25 PSF). Built in 1961 the property is adjacent to Arizona Tile, also owned by the buyer. Brandon Rodgers, CCIM, Principal with Cushman & Wakefield | PICOR, represented the seller in this transaction.  Rob Glaser, SIOR, CCIM, with Cushman & Wakefield | PICOR and Joshua Brown with Jackson & Cooksey, Dallas, TX, represented the buyer.

Tuczona 2, LLC purchased the 2,500-square-feet free-standing office building in the Eastern Submarket, located at 6475-6479 E. 22nd Street in Tucson. Michelle Minkus of Home Smart represented the buyer.  Bruce Suppes of CBRE represented the seller, The Family Trust, in the transaction. The purchase price was $200,000 ($80 PSF).

EAZ-BAKARETH LLC purchased a 2,159-square-foot freestanding former medical building in the Central Submarket, located at 3925 N 1st Avenue in Tucson from Loren Cipolla and Marie Mendoza-Cipollo. The purchase price was $180,000 ($83 PSF) that included a second lot for expansion. The building was built in 1973 and was vacant at time of sale. The buyer purchased it for redevelopment as an assisted living home. Roy Drachman with Roy Drachman Realty Company of Tucson represented the seller and Tayyeb Ahmad with OZ Realty in Phoenix represented the buyer.

To learn more, see RED Comps # 4886, #4925, #4926 and #4927.

 

 




Tucson Lease Report June 5-9, 2017

Tucson Lease report 3-13-16The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from June 5 thru 9, 2017.

INDUSTRIAL – 6161 S. PALO VERDE RD., TUCSON
Cactus Portable Storage, LLC expanded and renewed their lease, for a total of 64,303-square- feet of space at 6161 S. Palo Verde Rd. in Tucson, with Colflin Cobalt I-II Owner, LLC.  Rob Glaser, SIOR, CCIM, and Brandon Rodgers, CCIM, Principal, with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Aric Adams with Kidder Mathews, LLC represented the tenant. [mepr-show rules=”58038″]Asking lease rate: $0.55 SF/MO NNN; Tenant Phone: 520.807.1480[/mepr-show]

OFFICE – 6375 E. TANQUE VERDE RD., TUCSON
Scientific Learning Corporation renewed their lease for 10,823-square-feet in Tri-Pointe Plaza, 6375 E. Tanque Verde Rd., Suite 200 in Tucson, from CSFB 2005-C3 Tanque Verde, LLC.  Rick Kleiner, MBA, and Isaac Figueroa, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Mark Irvin, SIOR, CCIM, with Mark Irvin Commercial Real Estate Services, LLC, represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.917.1200[/mepr-show]

INDUSTRIAL – 19 W. VENTURA ST., TUCSON
Plumb Plumbing, LLC leased 5,940-square-feet at 19 W. Ventura St. in Tucson, from Long Far Investments, LLC.  Paul Hooker, Industrial Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.  Tim Bathen with Arizona Acquisition Strategies represented the tenant. [mepr-show rules=”58038″]Tenant Phone: 520.629.0504[/mepr-show]

OFFICE – 1055 N. LA CANADA DR., TUCSON
Associated Dermatology, PC expanded and renewed their lease with Healthcare Realty Services Incorporated for a total of 2,679-square-feet of medical office space, located at 1055 N. La Canada Dr., Suite 125 in Green Valley, AZ.  Tom Nieman, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Tenant Phone: 520.290.8555[/mepr-show]

OFFICE – 3610 N. PRINCE VILLAGE PL., TUCSON
EcoPlan Associates, Inc recently agreed to lease 2,002-square-feet of office space at 3610 N. Prince Village Place, Tucson, AZ.  The owner of the property is CH53 Echo, LLC. Tom Hunt and Bob Davis of Tango Commercial Real Estate represented both the tenant and landlord. [mepr-show rules=”58038″]Tenant Phone: 520.624.4326[/mepr-show]

INDUSTRIAL – 1021 E. PALMDALE ST., TUCSON
Mountain Valley Counseling Associates, Inc. leased 1,702-square-feet at 1021 E. Palmdale, Suite 110 in Tucson, from Foothills Business Ventures, LLC.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the tenant in this transaction.  Ian Stuart and Bruce Suppes with CBRE, Inc. represented the landlord. [mepr-show rules=”58038″]Asking lease rate: $0.75 SF/MO Modified Gross[/mepr-show]

RETAIL – 1686 W. VALENCIA RD., TUCSON
Suspiros Cakes, LLC leased of 1,500-square-feet at 1686 West Valencia Road. The space is located within Midvale Plaza, a Walmart-anchored center at the northwest corner of Valencia Road and Midvale Park Road. Jose Dabdoub of Dabdoub Commercial represented the tenant.  David Hammack of Volk Company Commercial Real Estate represented the landlord, HAM Midvale L.L.C. [mepr-show rules=”58038″]Tenant Phone: 520.295.2883[/mepr-show]

OFFICE – 3870 N. ORACLE RD., TUCSON
Cash Time Motor Vehicle Services has leased the 1,460-square-foot space adjacent to their existing Cash Time Title Loan office in Oracle Gateway Center at the northwest corner of Oracle Road and Pastime Road. The new office will be for third-party motor vehicle services as authorized by the Arizona Department of Transportation – Motor Vehicle Division. The address of the new store is 3806 N. Oracle Road, Tucson, AZ. Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, 3838 Oracle Plaza Joint Venture, LLC, and the Tenant, Cash Time Title Loan, Inc., did not have representation in this lease transaction.

INDUSTRIAL – 1660 S. RESEARCH LOOP, TUCSON
S Brothers, Inc. leased 1,440-square-feet in Clairemont Plaza, 1660 S. Research Loop, Suite 138 in Tucson, from Clairemont Partners, LLC.  Cushman & Wakefield | PICOR Industrial Specialists handled this transaction.   Rob Glaser, SIOR, CCIM, represented the landlord and Max Fisher represented the tenant in this transaction. Asking lease rate: $0.67 SF/MO Industrial Gross

OFFICE – 2001 W. ORANGE GROVE ROAD, TUCSON
Geoway, LLC, DBA A New Creation Women’s Clinic leased 1,400-square-feet of medical office space at 2001 Orange Grove Road in the Desert Life Medical Plaza. Jeff Casper of CBRE represented the tenant in the transaction. [mepr-show rules=”58038″] Asking lease rate: $20.50 SF/YR Modified Gross; Tenant Phone: 520.293.1117[/mepr-show]

OFFICE – 1171 E. RANCHO VISTOSO BLVD., TUCSON
Senior Home Care of Tucson, LLC leased 1,200-square-feet of medical office space at 1171 Rancho Vistoso Boulevard in the Mountain View Plaza. Bob Herd of Fairhaven Ventures represented the tenant. Bruce Suppes, David Volk and Michael Laatsch of CBRE represented the landlord, Town West Realty, Inc., in the transaction. [mepr-show rules=”58038″]Asking lease rate: $15.00 – $17.00 SF/YR NNN; Tenant Phone: 520.355.4787[/mepr-show]

INDUSTRIAL – 245 S PLUMER AVE., TUCSON
Curb A Peel Property Maintenance, LLC leased 1,200-square-feet in Commerce Plaza, 245 S. Plumer Ave., Suite 30 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: 520.647.6614[/mepr-show]

OFFICE – 4560 E. BROADWAY BLVD., TUCSON
Ronald Lent leased 174-square-feet of office space in Midstar Plaza, 4560 E. Broadway Blvd., Suite 213 in Tucson, from Midstar Partners, LLC.  Isaac Figueroa, Office and Investment Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.